Invesco DB US Dollar Index Bearish Fund
UDN
25 hedge funds and large institutions have $12.7M invested in Invesco DB US Dollar Index Bearish Fund in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 11 reducing their positions, and 10 closing their positions.
193% more call options, than puts
Call options by funds: $25.3M | Put options by funds: $8.64M
7.91% less ownership
Funds ownership: 24.14% → 16.23% (-7.9%)
14% less funds holding
Funds holding: 29 → 25 (-4)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
33% less capital invested
Capital invested by funds: $19M → $12.7M (-$6.37M)
64% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$1.33M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$716K |
| 3 |
LPL Financial
San Diego,
California
|
+$403K |
| 4 |
CHC
City Holding Co
Charleston,
West Virginia
|
+$337K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$21.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.11M |
| 2 |
HF
HRT Financial
New York
|
-$2.09M |
| 3 |
GSC
Grey Street Capital
Chicago,
Illinois
|
-$1.31M |
| 4 |
PWM
Perigon Wealth Management
San Francisco,
California
|
-$1.14M |
| 5 |
NFG
Northeast Financial Group
Tannersville,
Pennsylvania
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJFSA
26
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$2.11M | -112,335 | Closed |
|
|
HF
27
HRT Financial
New York
| – | -$2.09M | -111,178 | Closed |
|
|
GSC
28
Grey Street Capital
Chicago,
Illinois
| – | -$1.31M | -70,000 | Closed |
|
|
SWM
29
Stapp Wealth Management
Olympia,
Washington
| – | -$305K | -16,269 | Closed |
|
|
CA
30
Cetera Advisors
Denver,
Colorado
| – | -$234K | -12,475 | Closed |
|
|
FGA
31
Fortis Group Advisors
Westwood,
New Jersey
| – | -$228K | -12,000 | Closed |
|
32
Goldman Sachs
New York
| – | -$197K | -10,469 | Closed |
|
|
AA
33
AlphaMark Advisors
Ft. Wright,
Kentucky
| – | -$16K | -850 | Closed |
|
34
Group One Trading
Chicago,
Illinois
| – | -$5.75K | -305 | Closed |
|
|
FWM
35
Focused Wealth Management
Newburgh,
New York
| – | -$3.78K | -201 | Closed |
|
UDN Hedge Fund Activity: Q2 2023 in Review
25 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Invesco DB US Dollar Index Bearish Fund (UDN) for Q2 2023, worth a combined $12.7M — down 33% from $19M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of UDN and 7 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 4 added.
The largest buyer was Sowell Financial Services, opening a new position worth an estimated $1.33M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $2.11M sold.
- 25 institutional investors held Invesco DB US Dollar Index Bearish Fund (UDN) as of Q2 2023, down from 29 in Q1 2023.
- Funds reported $12.7M of Invesco DB US Dollar Index Bearish Fund stock for Q2 2023, down 33% quarter-over-quarter.
- 7 funds opened new Invesco DB US Dollar Index Bearish Fund positions in Q2 2023 and 10 closed out, a net change of -3 holders.
- The largest Invesco DB US Dollar Index Bearish Fund buyer in Q2 2023 was Sowell Financial Services, an estimated $1.33M added.
- The largest Invesco DB US Dollar Index Bearish Fund seller in Q2 2023 was Raymond James Financial Services Advisors, an estimated $2.11M sold.
Based on aggregated 13F filings for Q2 2023.