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United States Brent Oil Fund
BNO

47 hedge funds and large institutions have $130M invested in United States Brent Oil Fund in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

124% more call options, than puts

Call options by funds: $21.9M | Put options by funds: $9.76M

77% more capital invested

Capital invested by funds: $73.5M → $130M (+$56.9M)

24.83% more ownership

Funds ownership: 28.97% → 53.8% (+25%)

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

2% less funds holding

Funds holding: 48 → 47 (-1)

41% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 17

Holders
47
Holders Change
-1
Holders Change %
-2.08%
% of All Funds
0.75%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.05%
New
13
Increased
10
Reduced
17
Closed
14
Calls
$21.9M
Puts
$9.76M
Net Calls
+$12.1M
Net Calls Change
-$16.9M

Top Buyers

Rank Fund Capital Flow
1
MML Investors Services
MML Investors Services
Massachusetts
+$10.4M
2
Jane Street
Jane Street
New York
+$9.68M
3
WMSA
Weiss Multi-Strategy Advisers
New York
+$7.58M
4
FCM
FourWorld Capital Management
New York
+$7.52M
5
VF
Virtu Financial
New York
+$1.52M

Top Sellers

Rank Fund Capital Flow
1
C
Certuity
Florida
-$3.18M
2
EFM
E Fund Management
China
-$1.75M
3
Group One Trading
Group One Trading
Illinois
-$1.16M
4
IMC Chicago
IMC Chicago
Illinois
-$1.05M
5
BCM
Barometer Capital Management
Ontario, Canada
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$345K +$239K +8,840 +214%
IWC
27
Integrated Wealth Concepts
Massachusetts
$319K -$81.2K -3,000 -20%
DADC
28
D.A. Davidson & Co
Montana
$253K -$149K -5,500 -37%
BNP Paribas Financial Markets
29
BNP Paribas Financial Markets
France
$249K -$302K -11,168 -54%
SW
30
SMART Wealth
Nebraska
$245K -$381K -14,077 -60%
Ameriprise
31
Ameriprise
Minnesota
$235K -$127K -4,676 -35%
KAS
32
Kestra Advisory Services
Texas
$216K +$22.4K +828 +11%
WP
33
WealthPLAN Partners
Nebraska
$154K +$157K +5,812 New
CG
34
Cutler Group
California
$114K -$885K -32,674 -88%
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$67K – – –
CWM
36
Cranbrook Wealth Management
Michigan
$54.9K – – –
S
37
SignatureFD
Georgia
$53.2K – – –
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
$53K +$54.1K +2,000 New
YAL
39
Your Advocates Ltd
Texas
$26.6K – – –
TC
40
Trust Company
Kansas
$25K – – –
IA
41
IFP Advisors
Florida
$23.7K +$9.42K +348 +46%
TRCT
42
Tower Research Capital (TRC)
New York
$20K -$45.8K -1,693 -69%
SIS
43
Strategic Investment Solutions
Illinois
$13.3K +$13.5K +500 New
IGWM
44
ICA Group Wealth Management
Colorado
$9.97K – – –
IAIM
45
International Assets Investment Management
Florida
$4.46K +$4.55K +168 New
TAM
46
Tucker Asset Management
Colorado
$4.17K – – –
AAS
47
Ameritas Advisory Services
Nebraska
$1.58K +$1.54K +57 New
C
48
Certuity
Florida
– -$3.18M -112,525 Closed
EFM
49
E Fund Management
China
– -$1.75M -61,965 Closed
BCM
50
Barometer Capital Management
Ontario, Canada
– -$973K -34,400 Closed
1
2
3

BNO Hedge Fund Activity: Q1 2023 in Review

47 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q1 2023, worth a combined $130M — up 77% from $73.5M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of BNO and 13 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 10 added.

The largest buyer was MML Investors Services, opening a new position worth an estimated $10.4M. The largest seller was Certuity, exiting entirely with an estimated $3.18M sold.

  • 47 institutional investors held United States Brent Oil Fund (BNO) as of Q1 2023, down from 48 in Q4 2022.
  • Funds reported $130M of United States Brent Oil Fund stock for Q1 2023, up 77% quarter-over-quarter.
  • 13 funds opened new United States Brent Oil Fund positions in Q1 2023 and 14 closed out, a net change of -1 holder.
  • The largest United States Brent Oil Fund buyer in Q1 2023 was MML Investors Services, an estimated $10.4M added.
  • The largest United States Brent Oil Fund seller in Q1 2023 was Certuity, an estimated $3.18M sold.

Based on aggregated 13F filings for Q1 2023.