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United States Brent Oil Fund
BNO

22 hedge funds and large institutions have $12.2M invested in United States Brent Oil Fund in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more call options, than puts

Call options by funds: $2.81M | Put options by funds: $1.13M

33% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 6

23% more capital invested

Capital invested by funds: $9.96M → $12.2M (+$2.26M)

4.89% more ownership

Funds ownership: 10.93% → 15.83% (+4.9%)

4% less funds holding

Funds holding: 23 → 22 (-1)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

Holders
22
Holders Change
-1
Holders Change %
-4.35%
% of All Funds
0.48%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
8
Reduced
6
Closed
5
Calls
$2.81M
Puts
$1.13M
Net Calls
+$1.68M
Net Calls Change
+$1.85M

Top Buyers

1
IMC Chicago
IMC Chicago
Illinois
+$2.29M
2
VF
Virtu Financial
New York
+$940K
3
Jane Street
Jane Street
New York
+$414K
4
Daiwa Securities Group
Daiwa Securities Group
Japan
+$270K
5
Simplex Trading
Simplex Trading
Illinois
+$130K

Top Sellers

1
HFM
Harvest Fund Management
China
-$499K
2
FDCDDQ
Federation des caisses Desjardins du Quebec
Quebec, Canada
-$430K
3
Citadel Advisors
Citadel Advisors
Florida
-$348K
4
Wolverine Trading
Wolverine Trading
Illinois
-$118K
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$87.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
GLI
1
Guardian Life Insurance
New York
$2.88M – – –
IMC Chicago
2
IMC Chicago
Illinois
$2.25M +$2.29M +124,002 New
HFM
3
Harvest Fund Management
China
$2.23M -$499K -27,000 -18%
VF
4
Virtu Financial
New York
$924K +$940K +50,909 New
Jane Street
5
Jane Street
New York
$835K +$414K +22,409 +95%
LPL Financial
6
LPL Financial
California
$726K +$57.9K +3,134 +8%
Daiwa Securities Group
7
Daiwa Securities Group
Japan
$664K +$270K +14,600 +66%
Wolverine Trading
8
Wolverine Trading
Illinois
$409K -$118K -6,401 -23%
Simplex Trading
9
Simplex Trading
Illinois
$276K +$130K +7,044 +86%
Cambridge Investment Research Advisors
10
Cambridge Investment Research Advisors
Iowa
$272K -$87.3K -4,727 -24%
Morgan Stanley
11
Morgan Stanley
New York
$175K +$12.1K +656 +7%
Group One Trading
12
Group One Trading
Illinois
$148K +$65K +3,521 +76%
FDCDDQ
13
Federation des caisses Desjardins du Quebec
Quebec, Canada
$80.8K -$430K -23,300 -84%
RIA
14
Realta Investment Advisors
Delaware
$80K -$6.93K -375 -8%
CG
15
Cutler Group
California
$70K +$72K +3,899 New
UBS Group
16
UBS Group
Switzerland
$57K +$942 +51 +2%
LTFS
17
Ladenburg Thalmann Financial Services
Florida
$54K – – –
CWM
18
Cranbrook Wealth Management
Michigan
$52K – – –
Wells Fargo
19
Wells Fargo
California
$19K +$3.56K +193 +23%
PFO
20
Pathstone Family Office
New Jersey
$9K +$9.24K +500 New
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$5K – – –
JP Morgan Chase
22
JP Morgan Chase
New York
$2K -$13.9K -752 -88%
Citadel Advisors
23
Citadel Advisors
Florida
– -$348K -18,340 Closed
Deutsche Bank
24
Deutsche Bank
Germany
– -$20K -1,100 Closed
CWA
25
Clarus Wealth Advisors
Arizona
– -$13K -700 Closed
1
2

BNO Hedge Fund Activity: Q3 2019 in Review

22 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2019, worth a combined $12.2M — up 23% from $9.96M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of BNO and 4 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 8 added.

The largest buyer was IMC Chicago, opening a new position worth an estimated $2.29M. The largest seller was Harvest Fund Management, cutting an estimated $499K.

  • 22 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2019, down from 23 in Q2 2019.
  • Funds reported $12.2M of United States Brent Oil Fund stock for Q3 2019, up 23% quarter-over-quarter.
  • 4 funds opened new United States Brent Oil Fund positions in Q3 2019 and 5 closed out, a net change of -1 holder.
  • The largest United States Brent Oil Fund buyer in Q3 2019 was IMC Chicago, an estimated $2.29M added.
  • The largest United States Brent Oil Fund seller in Q3 2019 was Harvest Fund Management, an estimated $499K sold.

Based on aggregated 13F filings for Q3 2019.