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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$10.4M |
| 2 |
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
North Palm Beach,
Florida
|
-$3.18M |
| 2 |
EFM
E Fund Management
Guangzhou,
China
|
-$1.75M |
| 3 |
Group One Trading
Chicago,
Illinois
|
-$1.16M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$1.05M |
| 5 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$973K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$952K | -33,672 | Closed |
|
|
II
52
Ibex Investors
Denver,
Colorado
| – | -$594K | -21,000 | Closed |
|
|
NWMG
53
National Wealth Management Group
Cincinnati,
Ohio
| – | -$406K | -14,369 | Closed |
|
|
TSS
54
Two Sigma Securities
New York
| – | -$369K | -13,062 | Closed |
|
|
PAG
55
Private Advisor Group
Morristown,
New Jersey
| – | -$291K | -10,284 | Closed |
|
56
Corient Private Wealth
Miami,
Florida
| – | -$6.78K | -10,000 | Closed |
|
|
NA
57
NewEdge Advisors
New Orleans,
Louisiana
| – | -$124K | -4,372 | Closed |
|
|
CTC
58
Central Trust Company
Jefferson City,
Missouri
| – | -$42.4K | -1,500 | Closed |
|
|
MCC
59
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$17.8K | -631 | Closed |
|
|
FIA
60
FNY Investment Advisers
New York
| – | -$14K | -514 | Closed |
|
61
Rockefeller Capital Management
New York
| – | -$1K | -50 | Closed |
|
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.