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United States Brent Oil Fund
BNO

26 hedge funds and large institutions have $118M invested in United States Brent Oil Fund in 2024 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 7 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

10,781% more call options, than puts

Call options by funds: $167M | Put options by funds: $1.53M

239% more capital invested

Capital invested by funds: $34.9M → $118M (+$83.2M)

71% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 7

27.13% more ownership

Funds ownership: 27.46% → 54.6% (+27%)

28% less funds holding

Funds holding: 36 → 26 (-10)

63% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 16

Holders
26
Holders Change
-10
Holders Change %
-27.78%
% of All Funds
0.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
12
Reduced
7
Closed
16
Calls
$167M
Puts
$1.53M
Net Calls
+$165M
Net Calls Change
+$162M

Top Buyers

1
Jane Street
Jane Street
New York
+$84.7M
2
Wells Fargo
Wells Fargo
California
+$3.49M
3
IMC Chicago
IMC Chicago
Illinois
+$1.72M
4
FTUS
Flow Traders U.S.
New York
+$1.24M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.16M

Top Sellers

1
SW
SMART Wealth
Nebraska
-$890K
2
LPL Financial
LPL Financial
California
-$676K
3
SSA
Schonfeld Strategic Advisors
New York
-$511K
4
IWC
Integrated Wealth Concepts
Massachusetts
-$322K
5
Group One Trading
Group One Trading
Illinois
-$236K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAIM
26
International Assets Investment Management
Florida
$168 +$139K +4,588 +2,731%
SW
27
SMART Wealth
Nebraska
– -$890K -27,684 Closed
LPL Financial
28
LPL Financial
California
– -$676K -21,040 Closed
SSA
29
Schonfeld Strategic Advisors
New York
– -$511K -15,897 Closed
IWC
30
Integrated Wealth Concepts
Massachusetts
– -$322K -10,000 Closed
Group One Trading
31
Group One Trading
Illinois
– -$236K -7,807 Closed
KAS
32
Kestra Advisory Services
Texas
– -$223K -6,936 Closed
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
– -$203K -6,307 Closed
PAG
34
Private Advisor Group
New Jersey
– -$69.1K -2,150 Closed
US Bancorp
35
US Bancorp
Minnesota
– -$22.8K -710 Closed
RAM
36
Ramirez Asset Management
New York
– -$9.26K -288 Closed
LFA
37
Legend Financial Advisors
Pennsylvania
– -$6.82K -212 Closed
TRCT
38
Tower Research Capital (TRC)
New York
– -$6.43K -200 Closed
Jones Financial Companies
39
Jones Financial Companies
Missouri
– -$3.67K -114 Closed
MFT
40
Moisand Fitzgerald Tamayo
Florida
– -$2.25K -70 Closed
CB
41
Chris Bulman
California
– -$387 -12 Closed
LFG
42
Larson Financial Group
Missouri
– -$322 -10 Closed
1
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BNO Hedge Fund Activity: Q3 2024 in Review

26 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2024, worth a combined $118M — up 239% from $34.9M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of BNO and 6 opened new positions — a net loss of 10 holders — while 7 trimmed existing stakes and 12 added.

The largest buyer was Jane Street, adding an estimated $84.7M. The largest seller was SMART Wealth, exiting entirely with an estimated $890K sold.

  • 26 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2024, down from 36 in Q2 2024.
  • Funds reported $118M of United States Brent Oil Fund stock for Q3 2024, up 239% quarter-over-quarter.
  • 6 funds opened new United States Brent Oil Fund positions in Q3 2024 and 16 closed out, a net change of -10 holders.
  • The largest United States Brent Oil Fund buyer in Q3 2024 was Jane Street, an estimated $84.7M added.
  • The largest United States Brent Oil Fund seller in Q3 2024 was SMART Wealth, an estimated $890K sold.

Based on aggregated 13F filings for Q3 2024.