Invesco DB US Dollar Index Bearish Fund
26 hedge funds and large institutions have $21.4M invested in Invesco DB US Dollar Index Bearish Fund in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 4 closing their positions.
644% more call options, than puts
Call options by funds: $2.96M | Put options by funds: $398K
383% more capital inflows, than outflows
Capital inflows: $13.2M | Capital outflows: $2.74M
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
19.98% more ownership
Funds ownership: 19.92% → 39.9% (+20%)
13% more funds holding
Funds holding: 23 → 26 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.54M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$3.02M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.31M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.23M |
| 5 |
Belvedere Trading
Chicago,
Illinois
|
+$893K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Flow Traders U.S.
New York
|
-$1.83M |
| 2 |
Jane Street
New York
|
-$322K |
| 3 |
Kingswood Wealth Advisors
San Diego,
California
|
-$271K |
| 4 |
HRT Financial
New York
|
-$218K |
| 5 |
Pine Valley Investments
Marlton,
New Jersey
|
-$47.9K |
UDN Hedge Fund Activity: Q1 2025 in Review
26 of the 7,489 institutional investors tracked by Wall St. Rank reported a position in Invesco DB US Dollar Index Bearish Fund (UDN) for Q1 2025, worth a combined $21.4M — up 111% from $10.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new UDN positions and 4 closed out — a net gain of 4 holders — while 8 added to existing stakes and 3 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.54M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $1.83M sold.
- 26 institutional investors held Invesco DB US Dollar Index Bearish Fund (UDN) as of Q1 2025, up from 23 in Q4 2024.
- Funds reported $21.4M of Invesco DB US Dollar Index Bearish Fund stock for Q1 2025, up 111% quarter-over-quarter.
- 8 funds opened new Invesco DB US Dollar Index Bearish Fund positions in Q1 2025 and 4 closed out, a net change of +4 holders.
- The largest Invesco DB US Dollar Index Bearish Fund buyer in Q1 2025 was Morgan Stanley, an estimated $4.54M added.
- The largest Invesco DB US Dollar Index Bearish Fund seller in Q1 2025 was Flow Traders U.S., an estimated $1.83M sold.
Based on aggregated 13F filings for Q1 2025.