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United States Brent Oil Fund
BNO

23 hedge funds and large institutions have $9.75M invested in United States Brent Oil Fund in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

5% more funds holding

Funds holding: 22 → 23 (+1)

0.76% less ownership

Funds ownership: 11.16% → 10.4% (-0.76%)

12% less capital invested

Capital invested by funds: $11.1M → $9.75M (-$1.35M)

19% less call options, than puts

Call options by funds: $3.33M | Put options by funds: $4.13M

43% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 7

Holders
23
Holders Change
+1
Holders Change %
+4.55%
% of All Funds
0.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
4
Reduced
7
Closed
5
Calls
$3.33M
Puts
$4.13M
Net Calls
-$800K
Net Calls Change
-$4K

Top Buyers

1
CCM
Crabel Capital Management
California
+$840K
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$835K
3
Ameriprise
Ameriprise
Minnesota
+$782K
4
Deutsche Bank
Deutsche Bank
Germany
+$568K
5
Wolverine Trading
Wolverine Trading
Illinois
+$227K

Top Sellers

1
GLI
Guardian Life Insurance
New York
-$3.22M
2
LPL Financial
LPL Financial
California
-$812K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$746K
4
CA
Commerzbank Aktiengesellschaft
Germany
-$279K
5
Morgan Stanley
Morgan Stanley
New York
-$191K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
1
Cambridge Investment Research Advisors
Iowa
$982K -$746K -40,662 -44%
Jane Street
2
Jane Street
New York
$950K -$28.8K -1,571 -3%
PP
3
Prudential plc
United Kingdom
$919K +$117K +6,400 +15%
HFM
4
Harvest Fund Management
China
$881K -$118K -6,451 -12%
CCM
5
Crabel Capital Management
California
$876K +$840K +45,767 New
Susquehanna International Group
6
Susquehanna International Group
Pennsylvania
$870K +$835K +45,461 New
Morgan Stanley
7
Morgan Stanley
New York
$846K -$191K -10,382 -19%
Ameriprise
8
Ameriprise
Minnesota
$816K +$782K +42,611 New
Deutsche Bank
9
Deutsche Bank
Germany
$591K +$568K +30,928 New
VF
10
Virtu Financial
New York
$474K +$210K +11,456 +86%
Daiwa Securities Group
11
Daiwa Securities Group
Japan
$341K +$33K +1,800 +11%
Wolverine Trading
12
Wolverine Trading
Illinois
$236K +$227K +12,354 New
Citadel Advisors
13
Citadel Advisors
Florida
$201K -$61.6K -3,354 -24%
MLIC
14
Mandatum Life Insurance Company
Finland
$196K – – –
UBS Group
15
UBS Group
Switzerland
$187K +$167K +9,118 +1,390%
SWP
16
Stratos Wealth Partners
Ohio
$77K – – –
Group One Trading
17
Group One Trading
Illinois
$77K +$73.4K +4,000 New
Wells Fargo
18
Wells Fargo
California
$63K -$55.1K -3,000 -48%
LTFS
19
Ladenburg Thalmann Financial Services
Florida
$57K -$173K -9,451 -76%
CWM
20
Cranbrook Wealth Management
Michigan
$55K – – –
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$54K – – –
NC
22
NewSquare Capital
Pennsylvania
$3K – – –
GLI
23
Guardian Life Insurance
New York
– -$3.22M -177,814 Closed
LPL Financial
24
LPL Financial
California
– -$812K -44,879 Closed
CA
25
Commerzbank Aktiengesellschaft
Germany
– -$279K -15,415 Closed
1
2

BNO Hedge Fund Activity: Q1 2018 in Review

23 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q1 2018, worth a combined $9.75M — down 12% from $11.1M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new BNO positions and 5 closed out — a net gain of 1 holder — while 4 added to existing stakes and 7 trimmed.

The largest buyer was Crabel Capital Management, opening a new position worth an estimated $840K. The largest seller was Guardian Life Insurance, exiting entirely with an estimated $3.22M sold.

  • 23 institutional investors held United States Brent Oil Fund (BNO) as of Q1 2018, up from 22 in Q4 2017.
  • Funds reported $9.75M of United States Brent Oil Fund stock for Q1 2018, down 12% quarter-over-quarter.
  • 6 funds opened new United States Brent Oil Fund positions in Q1 2018 and 5 closed out, a net change of +1 holder.
  • The largest United States Brent Oil Fund buyer in Q1 2018 was Crabel Capital Management, an estimated $840K added.
  • The largest United States Brent Oil Fund seller in Q1 2018 was Guardian Life Insurance, an estimated $3.22M sold.

Based on aggregated 13F filings for Q1 2018.