United States Brent Oil Fund
BNO
17 hedge funds and large institutions have $9.5M invested in United States Brent Oil Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 6 closing their positions.
72% more call options, than puts
Call options by funds: $208K | Put options by funds: $121K
7.9% less ownership
Funds ownership: 31.83% → 23.93% (-7.9%)
11% less funds holding
Funds holding: 19 → 17 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
43% less capital invested
Capital invested by funds: $16.6M → $9.5M (-$7.11M)
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.92M |
| 2 |
LCS
Levin Capital Strategies
New York
|
+$582K |
| 3 |
JP Morgan Chase
New York
|
+$443K |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$43.1K |
| 5 |
WF
WealthTrust Fairport
Cleveland,
Ohio
|
+$33.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.16M |
| 2 |
VF
Virtu Financial
New York
|
-$1.44M |
| 3 |
Millennium Management
New York
|
-$985K |
| 4 |
GMCM
Gruber & McBaine Capital Management
San Francisco,
California
|
-$686K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$490K |
BNO Hedge Fund Activity: Q3 2014 in Review
17 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2014, worth a combined $9.5M — down 43% from $16.6M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of BNO and 4 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Royal Bank of Canada, adding an estimated $2.92M. The largest seller was Credit Suisse, cutting an estimated $4.16M.
- 17 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2014, down from 19 in Q2 2014.
- Funds reported $9.5M of United States Brent Oil Fund stock for Q3 2014, down 43% quarter-over-quarter.
- 4 funds opened new United States Brent Oil Fund positions in Q3 2014 and 6 closed out, a net change of -2 holders.
- The largest United States Brent Oil Fund buyer in Q3 2014 was Royal Bank of Canada, an estimated $2.92M added.
- The largest United States Brent Oil Fund seller in Q3 2014 was Credit Suisse, an estimated $4.16M sold.
Based on aggregated 13F filings for Q3 2014.