Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

INVESCO DB US DLR INDEX TR (UDN)

38 + Investors. Track Smart Money conviction in UDN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
5Q ▲
Buyers last Q
57%

Smart Money Signals — UDN

Based on 38 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added UDN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
38 hedge funds hold UDN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +65% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+65% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

25 buying19 selling
Last quarter: 25 funds bought or added vs 19 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 5 → 9 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 21% medium ■ 37% new
16 out of 38 hedge funds have held UDN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

6 → 13 → 5 → 9 → 12 new funds/Q
New funds entering each quarter: 13 → 5 → 9 → 12. A growing number of institutions are discovering UDN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 52% of holders stayed 2+ years

■ 52% veterans ■ 7% 1-2yr ■ 40% new
Of 42 current holders: 22 (52%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
11 of 38 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in UDN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.6
out of 10
Moderate Exit Risk
Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — UDN

In 2026 Q1, 25 hedge funds were net buyers of UDN (12 opened a new position, 13 added to an existing one), while 19 reduced or exited (9 trimmed, 10 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 47% of total institutional value in UDN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 38.

Hedge Fund Ownership: UDN

How many hedge funds hold UDN — quarterly history vs. share price
Quarterly hedge fund ownership of UDN vs. share price

Market Analysis: UDN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UDN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy INVESCO DB US DLR INDEX TR (UDN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much UDN has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 71d ago
UDN
+3.2%
SPY
+13.7%

UDN outperformed SPY by -10.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 26d ago
UDN
-0.4%
SPY
+0.0%

Since the filing became public, UDN outperformed SPY by -0.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: UDN
38 + Investors

Track Smart Money conviction in UDN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 38 36 5.56%
13F Shares 2M 3M -25.09%
Total Value $40M $56M -27.64%
New Positions 12 9 +3
Increased Positions 11 9 +2
Closed Positions 10 4 +6
Reduced Positions 8 10 -2
Total Calls 3 3 -
Total Puts 2 2 -
PUT/CALL Ratio 0.67 0.67 Bullish

Statistics: UDN

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

38 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in UDN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of UDN — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 L1 Global Manager Pty Ltd 1.33% 110,000 $2.0M
2 Alliance Wealth Advisors, LLC /UT 0.56% 144,143 $2.6M
3 Capstone Wealth Management Group LLC 0.15% 13,936 $251K
4 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.15% 67,005 $1.2M
5 Maltin Wealth Management, Inc. 0.10% 14,950 $269K
6 Bull Harbor Capital LLC 0.10% 19,944 $359K
7 Cutter & CO Brokerage, Inc. 0.07% 16,525 $290K
8 Delos Wealth Advisors, LLC 0.03% 3,140 $57K
9 Legacy Bridge, LLC 0.03% 4,250 $76K
10 Csenge Advisory Group 0.02% 27,245 $490K
11 FLOW TRADERS U.S. LLC 0.02% 38,860 —
12 Strategic Investment Solutions, Inc. /IL 0.01% 2,450 $50K
13 HighTower Advisors, LLC 0.01% 591,440 $10.6M
14 Advisory Services Network, LLC 0.01% 25,390 $457K
15 Prospera Financial Services Inc 0.01% 18,100 $326K
16 HRT FINANCIAL LP 0.00% 30,245 $544K
17 Lido Advisors, LLC 0.00% 21,818 $393K
18 Signature Resources Capital Management, LLC 0.00% 100 $2K
19 MAI Capital Management 0.00% 5,451 $98K
20 NewEdge Advisors, LLC 0.00% 11,718 $12K
21 CITADEL ADVISORS LLC 0.00% 177,400 $3.2M
22 JANE STREET GROUP, LLC 0.00% 176,023 $3.2M
23 UBS Group AG 0.00% 142,266 $2.6M
24 SIMPLEX TRADING, LLC 0.00% 30,481 $549K
25 JANE STREET GROUP, LLC 0.00% 152,400 $2.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — INVESCO DB US DLR INDEX TR (UDN)

What does the Smart Money Trend signal show for UDN?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added UDN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for UDN?

Slight buying edge — 57% buying: Last quarter: 25 funds bought or added vs 19 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for UDN holders?

Elite ownership — 47% AUM from top-100 funds: 11 of 38 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in UDN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held UDN?

42% of holders stayed for 2+ years: 16 out of 38 hedge funds have held UDN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy INVESCO DB US DLR INDEX TR (UDN) following the 2026 Q1 hedge fund 13F filings?

As of today, UDN has moved -0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of -0.4%. Since the quarter end (March 31, 2026), UDN has gained +3.2% vs +13.7% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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