United States Brent Oil Fund
BNO
38 hedge funds and large institutions have $40.3M invested in United States Brent Oil Fund in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 7 closing their positions.
288% more call options, than puts
Call options by funds: $8.24M | Put options by funds: $2.12M
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
11% more capital invested
Capital invested by funds: $36.3M → $40.3M (+$4.03M)
9% more funds holding
Funds holding: 35 → 38 (+3)
3.79% more ownership
Funds ownership: 26.28% → 30.07% (+3.8%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$5.09M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$3.55M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.42M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.44M |
| 5 |
LPL Financial
San Diego,
California
|
+$799K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$5.04M |
| 2 |
CWM
CIBC World Markets
New York
|
-$3.65M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.89M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$1.84M |
| 5 |
Morgan Stanley
New York
|
-$1.82M |
BNO Hedge Fund Activity: Q1 2024 in Review
38 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q1 2024, worth a combined $40.3M — up 11% from $36.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BNO positions and 7 closed out — a net gain of 3 holders — while 10 added to existing stakes and 11 trimmed.
The largest buyer was UBS Group, adding an estimated $5.09M. The largest seller was Jane Street, cutting an estimated $5.04M.
- 38 institutional investors held United States Brent Oil Fund (BNO) as of Q1 2024, up from 35 in Q4 2023.
- Funds reported $40.3M of United States Brent Oil Fund stock for Q1 2024, up 11% quarter-over-quarter.
- 10 funds opened new United States Brent Oil Fund positions in Q1 2024 and 7 closed out, a net change of +3 holders.
- The largest United States Brent Oil Fund buyer in Q1 2024 was UBS Group, an estimated $5.09M added.
- The largest United States Brent Oil Fund seller in Q1 2024 was Jane Street, an estimated $5.04M sold.
Based on aggregated 13F filings for Q1 2024.