INVESTMENT MANAGERS SER TR I NEBX
TRADR 2X LONG · ETP · CUSIP 46092D673
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $59.56. Options: 4 managers hold calls ($30.8m notional), 6 hold puts ($42.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 11 |
| Q4 2025 | 9 |
| Q1 2026 | 10 |
| Q2 2026 | 16 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2025 | 7 | 7 |
| Q1 2026 | 9 | 4 |
| Q2 2026 | 13 | 7 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.3m | $1.2m | 0.93 |
| Q4 2025 | $7.9m | $4.4m | 0.55 |
| Q1 2026 | $8.1m | $6.9m | 0.85 |
| Q2 2026 | $30.8m | $42.8m | 1.39 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +133.4k |
| Client First Investment Management LLC | New | +50.0k |
| HRT FINANCIAL LP | New | +21.0k |
| CITIGROUP INC | New | +10.4k |
| Jump Financial, LLC | New | +6.0k |
| StoneX Group Inc. | New | +5.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +4.4k |
| FLOW TRADERS U.S. LLC | New | +3.8k |
| SIMPLEX TRADING, LLC | New | +2.8k |
| EASTERN BANK | New | +2.3k |
Biggest sellers
| UBS Group AG | Sold out | -150.5k |
| MIRAE ASSET SECURITIES (USA) INC. | Sold out | -30.0k |
| IMC-Chicago, LLC | Reduced | -29.1k |
| Optiver Holding B.V. | Reduced | -13.3k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -11.1k |
| Belvedere Trading LLC | Sold out | -7.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -1.6k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $14.1m240.5k shares |
| JANE STREET GROUP, LLC | Added | $8.7m148.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $6.7m113.3k shares |
| Belvedere Trading LLC | Added | $1.3m22.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $29.0m494.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $7.2m122.5k shares |
| JANE STREET GROUP, LLC | Added | $4.9m83.6k shares |
| HRT FINANCIAL LP | New | $687.0k11.7k shares |
| Belvedere Trading LLC | Added | $575.7k9.8k shares |
| GROUP ONE TRADING LLC | New | $405.3k6.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| CITADEL ADVISORS LLC 0.01% of their portfolio | 182.6k $10.7m | Added +133.4k |
| Client First Investment Management LLC 1.24% of their portfolio | 50.0k $2.9m | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 21.0k $1.2m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 11.6k $682.6k | Reduced -1.6k |
| CITIGROUP INC 0.00% of their portfolio | 10.4k $611.4k | New |
| Jump Financial, LLC 0.00% of their portfolio | 6.0k $354.6k | New |
| StoneX Group Inc. 0.02% of their portfolio | 5.1k $557.1k | New |
| IMC-Chicago, LLC 0.00% of their portfolio | 5.1k $297.0k | Reduced -29.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 4.4k $256.8k | New |
| FLOW TRADERS U.S. LLC 0.01% of their portfolio | 3.8k $221.0k | New |
| Optiver Holding B.V. 0.00% of their portfolio | 2.9k $173.2k | Reduced -13.3k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 2.8k $161.9k | New |
| EASTERN BANK 0.00% of their portfolio | 2.3k $133.5k | New |
| HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio | 51 $3.0k | Added +34 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 10 $587 | New |
| MORGAN STANLEY 0.00% of their portfolio | 3 $176 | Added +2 |