United States Brent Oil Fund
BNO
28 hedge funds and large institutions have $29.6M invested in United States Brent Oil Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 8 closing their positions.
439% more call options, than puts
Call options by funds: $13.1M | Put options by funds: $2.42M
3% more capital invested
Capital invested by funds: $28.7M → $29.6M (+$842K)
1.72% less ownership
Funds ownership: 30.25% → 28.53% (-1.7%)
3% less funds holding
Funds holding: 29 → 28 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
+$4.34M |
| 2 |
VF
Virtu Financial
New York
|
+$2.89M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$800K |
| 4 |
HF
HRT Financial
New York
|
+$385K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$87.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.99M |
| 2 |
HFM
Harvest Fund Management
Beijing,
China
|
-$1.89M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.58M |
| 4 |
QC
Quadrature Capital
London,
United Kingdom
|
-$963K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$413K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWM
26
Copia Wealth Management
Bend,
Oregon
| $1.47K | +$1.49K | +49 | New |
|
|
BTI
27
Blue Trust Inc
Alpharetta,
Georgia
| $601 | +$606 | +20 | New |
|
|
SIS
28
Sound Income Strategies
Ft Lauderdale,
Florida
| $178 | – | – | – |
|
|
29
Citadel Advisors
Miami,
Florida
| – | -$1.99M | -65,514 | Closed |
|
30
LPL Financial
San Diego,
California
| – | -$401K | -13,743 | Closed |
|
|
HT
31
Headlands Technologies
Chicago,
Illinois
| – | -$287K | -9,834 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$22.9K | -783 | Closed |
|
33
Simplex Trading
Chicago,
Illinois
| – | -$23.7K | -781 | Closed |
|
|
KWM
34
Kiker Wealth Management
Jasper,
Georgia
| – | -$20.9K | -715 | Closed |
|
|
T
35
Transce3nd
Kyle,
Texas
| – | -$2.16K | -74 | Closed |
|
|
AAS
36
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$1.28K | -44 | Closed |
|
BNO Hedge Fund Activity: Q3 2025 in Review
28 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2025, worth a combined $29.6M — up 2.9% from $28.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BNO and 7 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 5 added.
The largest buyer was Jump Financial, opening a new position worth an estimated $4.34M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.99M sold.
- 28 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2025, down from 29 in Q2 2025.
- Funds reported $29.6M of United States Brent Oil Fund stock for Q3 2025, up 2.9% quarter-over-quarter.
- 7 funds opened new United States Brent Oil Fund positions in Q3 2025 and 8 closed out, a net change of -1 holder.
- The largest United States Brent Oil Fund buyer in Q3 2025 was Jump Financial, an estimated $4.34M added.
- The largest United States Brent Oil Fund seller in Q3 2025 was Citadel Advisors, an estimated $1.99M sold.
Based on aggregated 13F filings for Q3 2025.