Invesco DB US Dollar Index Bearish Fund
UDN
37 hedge funds and large institutions have $37.2M invested in Invesco DB US Dollar Index Bearish Fund in 2026 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 8 closing their positions.
2,063% more call options, than puts
Call options by funds: $11.2M | Put options by funds: $518K
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
12% more funds holding
Funds holding: 33 → 37 (+4)
7.09% less ownership
Funds ownership: 32.79% → 25.7% (-7.1%)
18% less capital invested
Capital invested by funds: $45.5M → $37.2M (-$8.22M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
GFS Advisors
Houston,
Texas
|
+$1.5M |
| 2 |
AWAU
Alliance Wealth Advisors (Utah)
Centerville,
Utah
|
+$1.14M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$556K |
| 4 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$497K |
| 5 |
LPL Financial
San Diego,
California
|
+$412K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$7.44M |
| 2 |
JFG
Jefferies Financial Group
New York
|
-$4.67M |
| 3 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$994K |
| 4 |
Morgan Stanley
New York
|
-$840K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$367K |
UDN Hedge Fund Activity: Q1 2026 in Review
37 of the 8,191 institutional investors tracked by Wall St. Rank reported a position in Invesco DB US Dollar Index Bearish Fund (UDN) for Q1 2026, worth a combined $37.2M — down 18% from $45.5M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new UDN positions and 8 closed out — a net gain of 4 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was GFS Advisors, adding an estimated $1.5M. The largest seller was Bank of America, cutting an estimated $7.44M.
- 37 institutional investors held Invesco DB US Dollar Index Bearish Fund (UDN) as of Q1 2026, up from 33 in Q4 2025.
- Funds reported $37.2M of Invesco DB US Dollar Index Bearish Fund stock for Q1 2026, down 18% quarter-over-quarter.
- 12 funds opened new Invesco DB US Dollar Index Bearish Fund positions in Q1 2026 and 8 closed out, a net change of +4 holders.
- The largest Invesco DB US Dollar Index Bearish Fund buyer in Q1 2026 was GFS Advisors, an estimated $1.5M added.
- The largest Invesco DB US Dollar Index Bearish Fund seller in Q1 2026 was Bank of America, an estimated $7.44M sold.
Based on aggregated 13F filings for Q1 2026.