United States Brent Oil Fund
BNO
39 hedge funds and large institutions have $66.6M invested in United States Brent Oil Fund in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 12 closing their positions.
24% more call options, than puts
Call options by funds: $4.94M | Put options by funds: $3.99M
1.31% more ownership
Funds ownership: 23.43% → 24.75% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
15% less funds holding
Funds holding: 46 → 39 (-7)
33% less capital invested
Capital invested by funds: $99.2M → $66.6M (-$32.7M)
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$7.27M |
| 2 |
Jane Street
New York
|
+$1.18M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$328K |
| 4 |
SC
Solstein Capital
Menlo Park,
California
|
+$251K |
| 5 |
HT
HAP Trading
New York
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$4.42M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.92M |
| 3 |
HFM
Harvest Fund Management
Beijing,
China
|
-$2.17M |
| 4 |
IMC Chicago
Chicago,
Illinois
|
-$1.88M |
| 5 |
VF
Virtu Financial
New York
|
-$1.52M |
BNO Hedge Fund Activity: Q3 2020 in Review
39 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2020, worth a combined $66.6M — down 33% from $99.2M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of BNO and 5 opened new positions — a net loss of 7 holders — while 16 trimmed existing stakes and 8 added.
The largest buyer was Qube Research & Technologies (QRT), adding an estimated $7.27M. The largest seller was Millennium Management, cutting an estimated $4.42M.
- 39 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2020, down from 46 in Q2 2020.
- Funds reported $66.6M of United States Brent Oil Fund stock for Q3 2020, down 33% quarter-over-quarter.
- 5 funds opened new United States Brent Oil Fund positions in Q3 2020 and 12 closed out, a net change of -7 holders.
- The largest United States Brent Oil Fund buyer in Q3 2020 was Qube Research & Technologies (QRT), an estimated $7.27M added.
- The largest United States Brent Oil Fund seller in Q3 2020 was Millennium Management, an estimated $4.42M sold.
Based on aggregated 13F filings for Q3 2020.