iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
73 hedge funds and large institutions have $212M invested in iPath Series B S&P 500 VIX Short-Term Futures ETN in 2025 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 29 closing their positions.
47% more call options, than puts
Call options by funds: $155M | Put options by funds: $106M
5% less funds holding
Funds holding: 77 → 73 (-4)
10% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 29
20% less capital invested
Capital invested by funds: $266M → $212M (-$53.7M)
25% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 20
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
+$28M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
+$25.2M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$22.8M |
| 4 |
Two Sigma Investments
New York
|
+$15.8M |
| 5 |
CCS
Concentric Capital Strategies
Stamford,
Connecticut
|
+$14.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFP
Ausdal Financial Partners
Davenport,
Iowa
|
-$21.4M |
| 2 |
TPWA
TRUE Private Wealth Advisors
Salem,
Oregon
|
-$20.7M |
| 3 |
TF
Trek Financial
Scottsdale,
Arizona
|
-$19.4M |
| 4 |
SCI
Stableford Capital II
Scottsdale,
Arizona
|
-$15M |
| 5 |
Millennium Management
New York
|
-$8.76M |
VXX Hedge Fund Activity: Q4 2025 in Review
73 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) for Q4 2025, worth a combined $212M — down 20% from $266M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of VXX and 26 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 15 added.
The largest buyer was Barclays, adding an estimated $28M. The largest seller was Ausdal Financial Partners, exiting entirely with an estimated $21.4M sold.
- 73 institutional investors held iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) as of Q4 2025, down from 77 in Q3 2025.
- Funds reported $212M of iPath Series B S&P 500 VIX Short-Term Futures ETN stock for Q4 2025, down 20% quarter-over-quarter.
- 26 funds opened new iPath Series B S&P 500 VIX Short-Term Futures ETN positions in Q4 2025 and 29 closed out, a net change of -3 holders.
- The largest iPath Series B S&P 500 VIX Short-Term Futures ETN buyer in Q4 2025 was Barclays, an estimated $28M added.
- The largest iPath Series B S&P 500 VIX Short-Term Futures ETN seller in Q4 2025 was Ausdal Financial Partners, an estimated $21.4M sold.
Based on aggregated 13F filings for Q4 2025.