United States Brent Oil Fund
BNO
39 hedge funds and large institutions have $29.5M invested in United States Brent Oil Fund in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 15 closing their positions.
92% more call options, than puts
Call options by funds: $8.05M | Put options by funds: $4.2M
17% less funds holding
Funds holding: 47 → 39 (-8)
35.56% less ownership
Funds ownership: 53.8% → 18.24% (-36%)
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
77% less capital invested
Capital invested by funds: $130M → $29.5M (-$101M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
+$994K |
| 2 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
+$659K |
| 3 |
TSS
Two Sigma Securities
New York
|
+$367K |
| 4 |
CG
Cutler Group
San Francisco,
California
|
+$233K |
| 5 |
VT
Vise Technologies
New York
|
+$222K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Praetorian PR
Rincon,
Puerto Rico
|
-$33.7M |
| 2 |
Jane Street
New York
|
-$12.3M |
| 3 |
FCM
FourWorld Capital Management
New York
|
-$7.61M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$3.12M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.26M |
BNO Hedge Fund Activity: Q2 2023 in Review
39 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q2 2023, worth a combined $29.5M — down 77% from $130M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BNO and 8 opened new positions — a net loss of 7 holders — while 16 trimmed existing stakes and 8 added.
The largest buyer was US Bancorp, opening a new position worth an estimated $994K. The largest seller was Praetorian PR, exiting entirely with an estimated $33.7M sold.
- 39 institutional investors held United States Brent Oil Fund (BNO) as of Q2 2023, down from 47 in Q1 2023.
- Funds reported $29.5M of United States Brent Oil Fund stock for Q2 2023, down 77% quarter-over-quarter.
- 8 funds opened new United States Brent Oil Fund positions in Q2 2023 and 15 closed out, a net change of -7 holders.
- The largest United States Brent Oil Fund buyer in Q2 2023 was US Bancorp, an estimated $994K added.
- The largest United States Brent Oil Fund seller in Q2 2023 was Praetorian PR, an estimated $33.7M sold.
Based on aggregated 13F filings for Q2 2023.