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United States Brent Oil Fund
BNO

13 hedge funds and large institutions have $14.5M invested in United States Brent Oil Fund in 2014 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 3

70% more call options, than puts

Call options by funds: $607K | Put options by funds: $357K

6.15% less ownership

Funds ownership: 58.12% → 51.97% (-6.2%)

13% less funds holding

Funds holding: 15 → 13 (-2)

25% less capital invested

Capital invested by funds: $19.4M → $14.5M (-$4.87M)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 2

Holders
13
Holders Change
-2
Holders Change %
-13.33%
% of All Funds
0.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
6
Reduced
3
Closed
2
Calls
$607K
Puts
$357K
Net Calls
+$250K
Net Calls Change
-$454K

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.58M
2
Wells Fargo
Wells Fargo
California
+$434K
3
Jane Street
Jane Street
New York
+$303K
4
VF
Virtu Financial
New York
+$168K
5
U
UBS
Switzerland
+$81.3K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$4.28M
2
CS
Credit Suisse
Switzerland
-$1.67M
3
CA
Cetera Advisors
Colorado
-$513K
4
Goldman Sachs
Goldman Sachs
New York
-$274K
5
TRCT
Tower Research Capital (TRC)
New York
-$74K
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
1
Credit Suisse
Switzerland
$4.79M -$1.67M -39,000 -26%
Morgan Stanley
2
Morgan Stanley
New York
$2.16M -$4.28M -99,852 -67%
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$2.07M +$1.58M +36,816 +330%
GLI
4
Guardian Life Insurance
New York
$1.39M – – –
GMCM
5
Gruber & McBaine Capital Management
California
$1.14M – – –
CA
6
Cetera Advisors
Colorado
$1.1M -$513K -11,970 -32%
Jane Street
7
Jane Street
New York
$547K +$303K +7,072 +126%
Wells Fargo
8
Wells Fargo
California
$500K +$434K +10,122 +673%
VF
9
Virtu Financial
New York
$413K +$168K +3,931 +69%
NC
10
NewSquare Capital
Pennsylvania
$197K +$28.3K +660 +17%
U
11
UBS
Switzerland
$147K +$81.3K +1,897 +126%
MAS
12
Madden Advisory Services
Florida
$70K – – –
AIG
13
American International Group
New York
$34.4K – – –
Goldman Sachs
14
Goldman Sachs
New York
– -$274K -6,146 Closed
TRCT
15
Tower Research Capital (TRC)
New York
– -$74K -1,654 Closed

BNO Hedge Fund Activity: Q1 2014 in Review

13 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q1 2014, worth a combined $14.5M — down 25% from $19.4M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of BNO and 0 opened new positions — a net loss of 2 holders — while 3 trimmed existing stakes and 6 added.

The largest buyer was Susquehanna International Group, adding an estimated $1.58M. The largest seller was Morgan Stanley, cutting an estimated $4.28M.

  • 13 institutional investors held United States Brent Oil Fund (BNO) as of Q1 2014, down from 15 in Q4 2013.
  • Funds reported $14.5M of United States Brent Oil Fund stock for Q1 2014, down 25% quarter-over-quarter.
  • 0 funds opened new United States Brent Oil Fund positions in Q1 2014 and 2 closed out, a net change of -2 holders.
  • The largest United States Brent Oil Fund buyer in Q1 2014 was Susquehanna International Group, an estimated $1.58M added.
  • The largest United States Brent Oil Fund seller in Q1 2014 was Morgan Stanley, an estimated $4.28M sold.

Based on aggregated 13F filings for Q1 2014.