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United States Brent Oil Fund
BNO

38 hedge funds and large institutions have $24.6M invested in United States Brent Oil Fund in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 18 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

266% more call options, than puts

Call options by funds: $25.2M | Put options by funds: $6.89M

7.15% less ownership

Funds ownership: 19.75% → 12.6% (-7.2%)

27% less funds holding

Funds holding: 52 → 38 (-14)

59% less capital invested

Capital invested by funds: $60.3M → $24.6M (-$35.8M)

61% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 18

74% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 19

Holders
38
Holders Change
-14
Holders Change %
-26.92%
% of All Funds
0.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
7
Reduced
18
Closed
19
Calls
$25.2M
Puts
$6.89M
Net Calls
+$18.3M
Net Calls Change
-$59.1M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$962K
2
AWM
AE Wealth Management
Kansas
+$374K
3
CG
Cutler Group
California
+$290K
4
JP Morgan Chase
JP Morgan Chase
New York
+$117K
5
FMII
Farmers & Merchants Investments Inc
Nebraska
+$91.2K

Top Sellers

Rank Fund Capital Flow
1
IMC Chicago
IMC Chicago
Illinois
-$11.2M
2
DZ Bank
DZ Bank
Germany
-$2.67M
3
Stifel Financial
Stifel Financial
Missouri
-$2.09M
4
LPL Financial
LPL Financial
California
-$1.92M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northwestern Mutual Wealth Management
26
Northwestern Mutual Wealth Management
Wisconsin
$69K – – –
CWM
27
Cranbrook Wealth Management
Michigan
$56K – – –
S
28
SignatureFD
Georgia
$55K – – –
AIM
29
Axiom Investment Management
New York
$55K +$60.1K +2,000 New
CTC
30
Central Trust Company
Missouri
$41K -$27.1K -900 -38%
IA
31
IFP Advisors
Florida
$28K -$120 -4 -0.3%
IUHSA
32
Itau Unibanco Holding S.A.
Brazil
$28K +$2.25K +75 +8%
TC
33
Trust Company
Kansas
$26K – – –
MIFH
34
Migdal Insurance & Financial Holdings
Israel
$22K – – –
TAM
35
Tucker Asset Management
Colorado
$4.74K +$4.72K +157 New
BCM
36
Birch Capital Management
Texas
$3K -$14.7K -490 -82%
VNA
37
Valley National Advisers
Pennsylvania
$3K +$3.01K +100 New
Rockefeller Capital Management
38
Rockefeller Capital Management
New York
$1K – – –
IMC Chicago
39
IMC Chicago
Illinois
– -$11.2M -342,588 Closed
DZ Bank
40
DZ Bank
Germany
– -$2.67M -81,500 Closed
Stifel Financial
41
Stifel Financial
Missouri
– -$2.09M -63,786 Closed
LPL Financial
42
LPL Financial
California
– -$1.92M -58,670 Closed
Ameriprise
43
Ameriprise
Minnesota
– -$1.21M -36,958 Closed
BCM
44
Barometer Capital Management
Ontario, Canada
– -$1.03M -34,400 Closed
Walleye Capital
45
Walleye Capital
New York
– -$752K -22,975 Closed
HT
46
HAP Trading
New York
– -$612K -18,690 Closed
FTUS
47
Flow Traders U.S.
New York
– -$497K -15,186 Closed
1WA
48
180 Wealth Advisors
Washington
– -$333K -10,000 Closed
JSL
49
JT Stratford LLC
Georgia
– -$308K -9,401 Closed
SWP
50
Stratos Wealth Partners
Ohio
– -$226K -6,900 Closed
1
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BNO Hedge Fund Activity: Q3 2022 in Review

38 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2022, worth a combined $24.6M — down 59% from $60.3M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of BNO and 5 opened new positions — a net loss of 14 holders — while 18 trimmed existing stakes and 7 added.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $962K. The largest seller was IMC Chicago, exiting entirely with an estimated $11.2M sold.

  • 38 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2022, down from 52 in Q2 2022.
  • Funds reported $24.6M of United States Brent Oil Fund stock for Q3 2022, down 59% quarter-over-quarter.
  • 5 funds opened new United States Brent Oil Fund positions in Q3 2022 and 19 closed out, a net change of -14 holders.
  • The largest United States Brent Oil Fund buyer in Q3 2022 was Citadel Advisors, an estimated $962K added.
  • The largest United States Brent Oil Fund seller in Q3 2022 was IMC Chicago, an estimated $11.2M sold.

Based on aggregated 13F filings for Q3 2022.