Invesco DB US Dollar Index Bearish Fund
UDN
28 hedge funds and large institutions have $44.3M invested in Invesco DB US Dollar Index Bearish Fund in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 9 increasing their positions, 2 reducing their positions, and 10 closing their positions.
834% more call options, than puts
Call options by funds: $12.8M | Put options by funds: $1.37M
350% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 2
108% more capital invested
Capital invested by funds: $21.2M → $44.3M (+$23M)
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
12% more funds holding
Funds holding: 25 → 28 (+3)
0.78% less ownership
Funds ownership: 30.64% → 29.86% (-0.78%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.33M |
| 2 |
JFG
Jefferies Financial Group
New York
|
+$4.6M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$4.57M |
| 4 |
Morgan Stanley
New York
|
+$2.12M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.19M |
| 2 |
PVI
Pine Valley Investments
Marlton,
New Jersey
|
-$341K |
| 3 |
PA
Parallel Advisors
San Francisco,
California
|
-$314K |
| 4 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$262K |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$248K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $2K | +$788 | +43 | +86% |
|
|
BTI
27
Blue Trust Inc
Alpharetta,
Georgia
| $1.42K | – | – | – |
|
|
AF
28
Allworth Financial
Folsom,
California
| $568 | +$550 | +30 | New |
|
|
29
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$2.19M | -119,199 | Closed |
|
|
PA
30
Parallel Advisors
San Francisco,
California
| – | -$314K | -17,915 | Closed |
|
|
CCB
31
Cutter & Co Brokerage
Ballwin,
Missouri
| – | -$290K | -16,525 | Closed |
|
|
MA
32
Mutual Advisors
Omaha,
Nebraska
| – | -$262K | -14,264 | Closed |
|
|
33
Group One Trading
Chicago,
Illinois
| – | -$248K | -13,542 | Closed |
|
34
Simplex Trading
Chicago,
Illinois
| – | -$213K | -12,176 | Closed |
|
35
Comerica Bank
Dallas,
Texas
| – | -$87.8K | -5,000 | Closed |
|
|
SWM
36
Spire Wealth Management
Mclean,
Virginia
| – | -$85.9K | -4,897 | Closed |
|
|
RMP
37
Richards, Merrill & Peterson
Spokane,
Washington
| – | -$5.26K | -300 | Closed |
|
|
RA
38
Rise Advisors
Rochester,
New York
| – | -$5.03K | -287 | Closed |
|
UDN Hedge Fund Activity: Q2 2025 in Review
28 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Invesco DB US Dollar Index Bearish Fund (UDN) for Q2 2025, worth a combined $44.3M — up 108% from $21.2M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new UDN positions and 10 closed out — a net gain of 3 holders — while 9 added to existing stakes and 2 trimmed.
The largest buyer was Bank of America, adding an estimated $5.33M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $2.19M sold.
- 28 institutional investors held Invesco DB US Dollar Index Bearish Fund (UDN) as of Q2 2025, up from 25 in Q1 2025.
- Funds reported $44.3M of Invesco DB US Dollar Index Bearish Fund stock for Q2 2025, up 108% quarter-over-quarter.
- 13 funds opened new Invesco DB US Dollar Index Bearish Fund positions in Q2 2025 and 10 closed out, a net change of +3 holders.
- The largest Invesco DB US Dollar Index Bearish Fund buyer in Q2 2025 was Bank of America, an estimated $5.33M added.
- The largest Invesco DB US Dollar Index Bearish Fund seller in Q2 2025 was Susquehanna International Group, an estimated $2.19M sold.
Based on aggregated 13F filings for Q2 2025.