Invesco DB US Dollar Index Bearish Fund
UDN
30 hedge funds and large institutions have $51.3M invested in Invesco DB US Dollar Index Bearish Fund in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
1,426% more call options, than puts
Call options by funds: $11M | Put options by funds: $720K
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
16% more capital invested
Capital invested by funds: $44.3M → $51.3M (+$7.03M)
7% more funds holding
Funds holding: 28 → 30 (+2)
4.24% more ownership
Funds ownership: 29.86% → 34.1% (+4.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$2.71M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.36M |
| 3 |
Jane Street
New York
|
+$1.37M |
| 4 |
LPL Financial
San Diego,
California
|
+$1.02M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$993K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.91M |
| 2 |
Belvedere Trading
Chicago,
Illinois
|
-$635K |
| 3 |
PVI
Pine Valley Investments
Marlton,
New Jersey
|
-$293K |
| 4 |
Squarepoint
New York
|
-$191K |
| 5 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$189K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DWA
26
Delos Wealth Advisors
Dallas,
Texas
| $54.8K | +$13.2K | +704 | +32% |
|
27
Group One Trading
Chicago,
Illinois
| $31.4K | +$31.2K | +1,666 | New |
|
|
BTI
28
Blue Trust Inc
Alpharetta,
Georgia
| $3.29K | +$1.87K | +100 | +133% |
|
|
SAM
29
Smartleaf Asset Management
Boston,
Massachusetts
| $1.99K | +$1.99K | +106 | New |
|
30
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | -$805 | -43 | -46% |
|
|
31
Citadel Advisors
Miami,
Florida
| – | -$2.91M | -155,531 | Closed |
|
|
32
Squarepoint
New York
| – | -$191K | -10,113 | Closed |
|
|
PCFFS
33
Pacific Center for Financial Services
San Ramon,
California
| – | -$101K | -5,367 | Closed |
|
|
AF
34
Allworth Financial
Folsom,
California
| – | -$568 | -30 | Closed |
|
UDN Hedge Fund Activity: Q3 2025 in Review
30 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Invesco DB US Dollar Index Bearish Fund (UDN) for Q3 2025, worth a combined $51.3M — up 16% from $44.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new UDN positions and 4 closed out — a net gain of 2 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was HighTower Advisors, adding an estimated $2.71M. The largest seller was Citadel Advisors, exiting entirely with an estimated $2.91M sold.
- 30 institutional investors held Invesco DB US Dollar Index Bearish Fund (UDN) as of Q3 2025, up from 28 in Q2 2025.
- Funds reported $51.3M of Invesco DB US Dollar Index Bearish Fund stock for Q3 2025, up 16% quarter-over-quarter.
- 6 funds opened new Invesco DB US Dollar Index Bearish Fund positions in Q3 2025 and 4 closed out, a net change of +2 holders.
- The largest Invesco DB US Dollar Index Bearish Fund buyer in Q3 2025 was HighTower Advisors, an estimated $2.71M added.
- The largest Invesco DB US Dollar Index Bearish Fund seller in Q3 2025 was Citadel Advisors, an estimated $2.91M sold.
Based on aggregated 13F filings for Q3 2025.