INVESCO DB US DLR INDEX TR

Ticker: UDN CUSIP: 46141D104 Class: BEARISH FD

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (7)

GFS Advisors, LLC

Value ($000) $2,918 Shares 160,000

Alliance Wealth Advisors, LLC /UT

Value ($000) $1,495 Shares 81,946

Steward Partners Investment Advisory, LLC

Value ($000) $371 Shares 20,331

FLOW TRADERS U.S. LLC

Value ($000) $0 Shares 18,957

Kestra Advisory Services, LLC

Value ($000) $88 Shares 4,831

Geneos Wealth Management Inc.

Value ($000) $24 Shares 1,331

SRS Capital Advisors, Inc.

Value ($000) $1 Shares 56

Institution	Shares	Value ($000)
GFS Advisors, LLC	160,000	$2,918
Alliance Wealth Advisors, LLC /UT	81,946	$1,495
Steward Partners Investment Advisory, LLC	20,331	$371
FLOW TRADERS U.S. LLC	18,957	$0
Kestra Advisory Services, LLC	4,831	$88
Geneos Wealth Management Inc.	1,331	$24
SRS Capital Advisors, Inc.	56	$1

Increased Positions (8)

Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors

Value ($000) $947 (+74.3%) Shares 51,896 (+79.8%)

BANK OF AMERICA CORP /DE/

Value ($000) $10,185 (+3.6%) Shares 558,394 (+6.9%)

UBS Group AG

Value ($000) $2,566 (+25.9%) Shares 140,684 (+29.9%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $993 (+34.2%) Shares 54,440 (+38.5%)

HighTower Advisors, LLC

Value ($000) $10,611 (-1.2%) Shares 581,726 (+1.9%)

GROUP ONE TRADING, L.P.

Value ($000) $139 (+344.8%) Shares 7,646 (+358.9%)

Delos Wealth Advisors, LLC

Value ($000) $56 (+2.7%) Shares 3,085 (+6.0%)

ROYAL BANK OF CANADA

Value ($000) $153 (+3.4%) Shares 8,391 (+6.4%)

Institution	Prev Shares	Curr Shares	Change
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors	28,860	51,896	+23,036 (+79.8%)
BANK OF AMERICA CORP /DE/	522,460	558,394	+35,934 (+6.9%)
UBS Group AG	108,308	140,684	+32,376 (+29.9%)
RAYMOND JAMES FINANCIAL INC	39,320	54,440	+15,120 (+38.5%)
HighTower Advisors, LLC	570,849	581,726	+10,877 (+1.9%)
GROUP ONE TRADING, L.P.	1,666	7,646	+5,980 (+358.9%)
Delos Wealth Advisors, LLC	2,911	3,085	+174 (+6.0%)
ROYAL BANK OF CANADA	7,887	8,391	+504 (+6.4%)

Decreased Positions (10)

MORGAN STANLEY

Value ($000) $1,204 (-84.5%) Shares 65,996 (-84.0%)

JANE STREET GROUP, LLC

Value ($000) $2,910 (-52.8%) Shares 159,520 (-51.3%)

LPL Financial LLC

Value ($000) $188 (-81.7%) Shares 10,305 (-81.1%)

OSAIC HOLDINGS, INC.

Value ($000) $171 (-67.9%) Shares 9,373 (-66.9%)

Jefferies Financial Group Inc.

Value ($000) $4,666 (-6.8%) Shares 255,811 (-3.8%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $570 (-42.8%) Shares 31,265 (-41.0%)

Prospera Financial Services Inc

Value ($000) $379 (-14.8%) Shares 20,800 (-12.1%)

Creative Planning

Value ($000) $295 (-25.9%) Shares 16,166 (-23.6%)

Ronald Blue Trust, Inc.

Value ($000) $1 (-58.5%) Shares 75 (-57.1%)

HRT FINANCIAL LP

Value ($000) $0 (-51.6%) Shares 10,150 (-50.1%)

Institution	Prev Shares	Curr Shares	Change
MORGAN STANLEY	411,591	65,996	-345,595 (-84.0%)
JANE STREET GROUP, LLC	327,574	159,520	-168,054 (-51.3%)
LPL Financial LLC	54,532	10,305	-44,227 (-81.1%)
OSAIC HOLDINGS, INC.	28,359	9,373	-18,986 (-66.9%)
Jefferies Financial Group Inc.	265,944	255,811	-10,133 (-3.8%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	53,011	31,265	-21,746 (-41.0%)
Prospera Financial Services Inc	23,650	20,800	-2,850 (-12.1%)
Creative Planning	21,154	16,166	-4,988 (-23.6%)
Ronald Blue Trust, Inc.	175	75	-100 (-57.1%)
HRT FINANCIAL LP	20,332	10,150	-10,182 (-50.1%)

Exited Positions (4)

Solstein Capital, LLC

Value ($000) $809 Shares 43,000

Integrated Advisors Network LLC

Value ($000) $374 Shares 19,852

Pine Valley Investments Ltd Liability Co

Value ($000) $207 Shares 11,017

Belvedere Trading LLC

Value ($000) $263 Shares 13,956

Institution	Prev Shares	Prev Value ($000)
Solstein Capital, LLC	43,000	$809
Integrated Advisors Network LLC	19,852	$374
Pine Valley Investments Ltd Liability Co	11,017	$207
Belvedere Trading LLC	13,956	$263