Invesco DB US Dollar Index Bearish Fund
31 hedge funds and large institutions have $51.5M invested in Invesco DB US Dollar Index Bearish Fund in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 5 closing their positions.
1,426% more call options, than puts
Call options by funds: $11M | Put options by funds: $720K
142% more capital inflows, than outflows
Capital inflows: $11.8M | Capital outflows: $4.87M
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
4.05% more ownership
Funds ownership: 30.15% → 34.19% (+4%)
3% more funds holding
Funds holding: 30 → 31 (+1)
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 |
HCAL
HURRICANE CAPITAL ADVISORS LLC
New York
|
-$303K |
| 4 |
Pine Valley Investments
Marlton,
New Jersey
|
-$293K |
| 5 |
Squarepoint
New York
|
-$191K |
UDN Hedge Fund Activity: Q3 2025 in Review
31 of the 7,657 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 $51.5M — up 15% from $44.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new UDN positions and 5 closed out — a net gain of 1 holder — while 12 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.
- 31 institutional investors held Invesco DB US Dollar Index Bearish Fund (UDN) as of Q3 2025, up from 30 in Q2 2025.
- Funds reported $51.5M of Invesco DB US Dollar Index Bearish Fund stock for Q3 2025, up 15% quarter-over-quarter.
- 6 funds opened new Invesco DB US Dollar Index Bearish Fund positions in Q3 2025 and 5 closed out, a net change of +1 holder.
- 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.