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United States Brent Oil Fund
BNO

19 hedge funds and large institutions have $16.6M invested in United States Brent Oil Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 2

150% more repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 2

46% more funds holding

Funds holding: 13 → 19 (+6)

14% more capital invested

Capital invested by funds: $14.5M → $16.6M (+$2.06M)

20.14% less ownership

Funds ownership: 51.97% → 31.83% (-20%)

Holders
19
Holders Change
+6
Holders Change %
+46.15%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
5
Reduced
2
Closed
2
Calls
$638K
Puts
–
Net Calls
+$638K
Net Calls Change
+$388K

Top Buyers

1
VF
Virtu Financial
New York
+$1.54M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$991K
3
Millennium Management
Millennium Management
New York
+$955K
4
VKH
Virtu KCG Holdings
New York
+$594K
5
SC
Sumit Capital
New York
+$288K

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.11M
2
CA
Cetera Advisors
Colorado
-$1.1M
3
CS
Credit Suisse
Switzerland
-$220K
4
Jane Street
Jane Street
New York
-$90.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
1
Credit Suisse
Switzerland
$4.82M -$220K -4,996 -4%
Morgan Stanley
2
Morgan Stanley
New York
$2.34M +$63.4K +1,440 +3%
VF
3
Virtu Financial
New York
$2.02M +$1.54M +35,028 +365%
GLI
4
Guardian Life Insurance
New York
$1.46M – – –
GMCM
5
Gruber & McBaine Capital Management
California
$1.2M – – –
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$1.02M +$991K +22,523 New
Millennium Management
7
Millennium Management
New York
$985K +$955K +21,715 New
Wells Fargo
8
Wells Fargo
California
$725K +$192K +4,356 +37%
VKH
9
Virtu KCG Holdings
New York
$613K +$594K +13,509 New
Jane Street
10
Jane Street
New York
$483K -$90.6K -2,059 -16%
SC
11
Sumit Capital
New York
$297K +$288K +6,540 New
NC
12
NewSquare Capital
Pennsylvania
$233K +$25.1K +570 +12%
U
13
UBS
Switzerland
$184K +$28.2K +641 +19%
MAS
14
Madden Advisory Services
Florida
$74K – – –
RFC
15
Russell Frank Company
Washington
$65K +$65.9K +1,499 New
AIG
16
American International Group
New York
$36.3K – – –
Loomis, Sayles & Company
17
Loomis, Sayles & Company
Massachusetts
$34K +$33K +750 New
GAM
18
Gemmer Asset Management
California
$3K +$3.3K +75 New
FNBT
19
FineMark National Bank & Trust
Florida
$2K +$2.24K +51 New
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
– -$2.11M -47,984 Closed
CA
21
Cetera Advisors
Colorado
– -$1.1M -25,436 Closed

BNO Hedge Fund Activity: Q2 2014 in Review

19 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q2 2014, worth a combined $16.6M — up 14% from $14.5M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new BNO positions and 2 closed out — a net gain of 6 holders — while 5 added to existing stakes and 2 trimmed.

The largest buyer was Virtu Financial, adding an estimated $1.54M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $2.11M sold.

  • 19 institutional investors held United States Brent Oil Fund (BNO) as of Q2 2014, up from 13 in Q1 2014.
  • Funds reported $16.6M of United States Brent Oil Fund stock for Q2 2014, up 14% quarter-over-quarter.
  • 8 funds opened new United States Brent Oil Fund positions in Q2 2014 and 2 closed out, a net change of +6 holders.
  • The largest United States Brent Oil Fund buyer in Q2 2014 was Virtu Financial, an estimated $1.54M added.
  • The largest United States Brent Oil Fund seller in Q2 2014 was Susquehanna International Group, an estimated $2.11M sold.

Based on aggregated 13F filings for Q2 2014.