United States Brent Oil Fund
BNO
30 hedge funds and large institutions have $29.7M invested in United States Brent Oil Fund in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 9 closing their positions.
731% more call options, than puts
Call options by funds: $4.21M | Put options by funds: $507K
0.09% more ownership
Funds ownership: 30.33% → 30.42% (+0.09%)
9% less funds holding
Funds holding: 33 → 30 (-3)
14% less capital invested
Capital invested by funds: $34.5M → $29.7M (-$4.85M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFI
EHP Funds Inc
Toronto,
Canada
|
+$4.33M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
+$982K |
| 3 |
Morgan Stanley
New York
|
+$793K |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$617K |
| 5 |
HF
HRT Financial
New York
|
+$561K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$3.65M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$2.92M |
| 3 |
Jane Street
New York
|
-$2.58M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$1.11M |
| 5 |
HFM
Harvest Fund Management
Beijing,
China
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
26
Harbour Investments
Madison,
Wisconsin
| $18.3K | +$4.68K | +153 | +35% |
|
|
MCM
27
MAI Capital Management
Independence,
Ohio
| $3.11K | – | – | – |
|
|
SWM
28
Spire Wealth Management
Mclean,
Virginia
| $2.6K | -$25.3K | -825 | -91% |
|
|
T
29
Transce3nd
Kyle,
Texas
| $2.3K | – | – | – |
|
|
SIS
30
Sound Income Strategies
Ft Lauderdale,
Florida
| $187 | – | – | – |
|
|
FTUS
31
Flow Traders U.S.
New York
| – | -$3.65M | -121,860 | Closed |
|
|
32
IMC Chicago
Chicago,
Illinois
| – | -$1.11M | -36,122 | Closed |
|
33
Belvedere Trading
Chicago,
Illinois
| – | -$772K | -25,718 | Closed |
|
34
Squarepoint
New York
| – | -$429K | -14,335 | Closed |
|
|
TSS
35
Two Sigma Securities
New York
| – | -$307K | -10,244 | Closed |
|
36
MML Investors Services
Springfield,
Massachusetts
| – | -$234K | -7,820 | Closed |
|
37
Simplex Trading
Chicago,
Illinois
| – | -$211K | -6,906 | Closed |
|
38
Comerica Bank
Dallas,
Texas
| – | -$18.8K | -629 | Closed |
|
|
LFA
39
Legend Financial Advisors
Pittsburgh,
Pennsylvania
| – | -$6.35K | -212 | Closed |
|
BNO Hedge Fund Activity: Q1 2025 in Review
30 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q1 2025, worth a combined $29.7M — down 14% from $34.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BNO and 7 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was EHP Funds Inc, opening a new position worth an estimated $4.33M. The largest seller was Flow Traders U.S., exiting entirely with an estimated $3.65M sold.
- 30 institutional investors held United States Brent Oil Fund (BNO) as of Q1 2025, down from 33 in Q4 2024.
- Funds reported $29.7M of United States Brent Oil Fund stock for Q1 2025, down 14% quarter-over-quarter.
- 7 funds opened new United States Brent Oil Fund positions in Q1 2025 and 9 closed out, a net change of -2 holders.
- The largest United States Brent Oil Fund buyer in Q1 2025 was EHP Funds Inc, an estimated $4.33M added.
- The largest United States Brent Oil Fund seller in Q1 2025 was Flow Traders U.S., an estimated $3.65M sold.
Based on aggregated 13F filings for Q1 2025.