United States Brent Oil Fund
BNO
15 hedge funds and large institutions have $13.5M invested in United States Brent Oil Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 6 closing their positions.
12% less funds holding
Funds holding: 17 → 15 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
39% less capital invested
Capital invested by funds: $22.1M → $13.5M (-$8.57M)
80.2% less ownership
Funds ownership: 113.81% → 33.61% (-80%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GMCM
Gruber & McBaine Capital Management
San Francisco,
California
|
+$3.37M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$269K |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
+$236K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$91.3K |
| 5 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
+$79.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCS
Levin Capital Strategies
New York
|
-$5.28M |
| 2 |
Morgan Stanley
New York
|
-$4.39M |
| 3 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$3.12M |
| 4 |
VF
Virtu Financial
New York
|
-$300K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$295K |
BNO Hedge Fund Activity: Q3 2013 in Review
15 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2013, worth a combined $13.5M — down 39% from $22.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BNO and 4 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Gruber & McBaine Capital Management, opening a new position worth an estimated $3.37M. The largest seller was Levin Capital Strategies, exiting entirely with an estimated $5.28M sold.
- 15 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2013, down from 17 in Q2 2013.
- Funds reported $13.5M of United States Brent Oil Fund stock for Q3 2013, down 39% quarter-over-quarter.
- 4 funds opened new United States Brent Oil Fund positions in Q3 2013 and 6 closed out, a net change of -2 holders.
- The largest United States Brent Oil Fund buyer in Q3 2013 was Gruber & McBaine Capital Management, an estimated $3.37M added.
- The largest United States Brent Oil Fund seller in Q3 2013 was Levin Capital Strategies, an estimated $5.28M sold.
Based on aggregated 13F filings for Q3 2013.