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United States Brent Oil Fund
BNO

39 hedge funds and large institutions have $66.6M invested in United States Brent Oil Fund in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more call options, than puts

Call options by funds: $4.94M | Put options by funds: $3.99M

1.31% more ownership

Funds ownership: 23.43% → 24.75% (+1.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

15% less funds holding

Funds holding: 46 → 39 (-7)

33% less capital invested

Capital invested by funds: $99.2M → $66.6M (-$32.7M)

50% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 16

58% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 12

Holders
39
Holders Change
-7
Holders Change %
-15.22%
% of All Funds
0.79%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
8
Reduced
16
Closed
12
Calls
$4.94M
Puts
$3.99M
Net Calls
+$955K
Net Calls Change
-$347K

Top Buyers

Rank Fund Capital Flow
1
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$7.27M
2
Jane Street
Jane Street
New York
+$1.18M
3
Simplex Trading
Simplex Trading
Illinois
+$328K
4
SC
Solstein Capital
California
+$251K
5
HT
HAP Trading
New York
+$242K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$4.42M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$3.92M
3
HFM
Harvest Fund Management
China
-$2.17M
4
IMC Chicago
IMC Chicago
Illinois
-$1.88M
5
VF
Virtu Financial
New York
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$70K – – –
Bank of America
27
Bank of America
North Carolina
$42K -$2.81K -250 -6%
Citigroup
28
Citigroup
New York
$32K – – –
CWM
29
Cranbrook Wealth Management
Michigan
$31K – – –
Deutsche Bank
30
Deutsche Bank
Germany
$24K -$282K -25,144 -92%
Millennium Management
31
Millennium Management
New York
$21.3K -$4.42M -394,091 -16%
S
32
SignatureFD
Georgia
$21K +$22.4K +2,000 New
AF
33
Allworth Financial
California
$10K – – –
TC
34
Trust Company
Kansas
$10K – – –
FDCDDQ
35
Federation des caisses Desjardins du Quebec
Quebec, Canada
$7.62K – – –
TRCT
36
Tower Research Capital (TRC)
New York
$3K -$3.37K -300 -50%
PCM
37
Prelude Capital Management
New York
$1K – – –
VF
38
Virtu Financial
New York
– -$1.52M -141,062 Closed
FTUS
39
Flow Traders U.S.
New York
– -$1.07M -99,404 Closed
DS
40
DRW Securities
Illinois
– -$701K -64,990 Closed
IAA
41
Independent Advisor Alliance
North Carolina
– -$460K -40,000 Closed
Group One Trading
42
Group One Trading
Illinois
– -$448K -39,961 Closed
CG
43
Cutler Group
California
– -$127K -11,279 Closed
OPS
44
Orion Portfolio Solutions
Nebraska
– -$29K -2,688 Closed
KPW
45
Kore Private Wealth
New York
– -$20K -1,835 Closed
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
– -$16K -1,500 Closed
AWM
47
Apollon Wealth Management
South Carolina
– -$3K -311 Closed
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
– -$2K -200 Closed
PAG
49
Private Advisor Group
New Jersey
– -$2K -150 Closed
LFG
50
Larson Financial Group
Missouri
– +$314 +28 New
1
2

BNO Hedge Fund Activity: Q3 2020 in Review

39 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2020, worth a combined $66.6M — down 33% from $99.2M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of BNO and 5 opened new positions — a net loss of 7 holders — while 16 trimmed existing stakes and 8 added.

The largest buyer was Qube Research & Technologies (QRT), adding an estimated $7.27M. The largest seller was Millennium Management, cutting an estimated $4.42M.

  • 39 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2020, down from 46 in Q2 2020.
  • Funds reported $66.6M of United States Brent Oil Fund stock for Q3 2020, down 33% quarter-over-quarter.
  • 5 funds opened new United States Brent Oil Fund positions in Q3 2020 and 12 closed out, a net change of -7 holders.
  • The largest United States Brent Oil Fund buyer in Q3 2020 was Qube Research & Technologies (QRT), an estimated $7.27M added.
  • The largest United States Brent Oil Fund seller in Q3 2020 was Millennium Management, an estimated $4.42M sold.

Based on aggregated 13F filings for Q3 2020.