Invesco DB US Dollar Index Bullish Fund
UUP
79 hedge funds and large institutions have $112M invested in Invesco DB US Dollar Index Bullish Fund in 2025 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 9 increasing their positions, 31 reducing their positions, and 17 closing their positions.
24% more call options, than puts
Call options by funds: $32.1M | Put options by funds: $25.9M
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
4% more funds holding
Funds holding: 76 → 79 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
30.96% less ownership
Funds ownership: 67.35% → 36.38% (-31%)
49% less capital invested
Capital invested by funds: $221M → $112M (-$109M)
71% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.81M |
| 2 |
RA
Raffles Associates
New York
|
+$4.4M |
| 3 |
MIC
Maxi Investments CY
Limassol,
Cyprus
|
+$4.38M |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$3.97M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$3.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NYLIM
New York Life Investment Management
New York
|
-$43.7M |
| 2 |
Morgan Stanley
New York
|
-$27M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$6.93M |
| 4 |
IF
Intrua Financial
Houston,
Texas
|
-$6.42M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4.96M |
UUP Hedge Fund Activity: Q2 2025 in Review
79 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Invesco DB US Dollar Index Bullish Fund (UUP) for Q2 2025, worth a combined $112M — down 49% from $221M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new UUP positions and 17 closed out — a net gain of 3 holders — while 9 added to existing stakes and 31 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $5.81M. The largest seller was New York Life Investment Management, exiting entirely with an estimated $43.7M sold.
- 79 institutional investors held Invesco DB US Dollar Index Bullish Fund (UUP) as of Q2 2025, up from 76 in Q1 2025.
- Funds reported $112M of Invesco DB US Dollar Index Bullish Fund stock for Q2 2025, down 49% quarter-over-quarter.
- 20 funds opened new Invesco DB US Dollar Index Bullish Fund positions in Q2 2025 and 17 closed out, a net change of +3 holders.
- The largest Invesco DB US Dollar Index Bullish Fund buyer in Q2 2025 was Susquehanna International Group, an estimated $5.81M added.
- The largest Invesco DB US Dollar Index Bullish Fund seller in Q2 2025 was New York Life Investment Management, an estimated $43.7M sold.
Based on aggregated 13F filings for Q2 2025.