United States Brent Oil Fund
BNO
29 hedge funds and large institutions have $29.6M invested in United States Brent Oil Fund in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 9 closing their positions.
439% more call options, than puts
Call options by funds: $13M | Put options by funds: $2.42M
0.84% more ownership
Funds ownership: 27.7% → 28.54% (+0.84%)
1% more capital inflows, than outflows
Capital inflows: $8.58M | Capital outflows: $8.52M
6% less funds holding
Funds holding: 31 → 29 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jump Financial
Chicago,
Illinois
|
+$4.34M |
| 2 |
Virtu Financial
New York
|
+$2.89M |
| 3 |
Flow Traders U.S.
New York
|
+$800K |
| 4 |
HRT Financial
New York
|
+$385K |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$87.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$1.99M |
| 2 |
Harvest Fund Management
Beijing,
China
|
-$1.89M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.58M |
| 4 |
Quadrature Capital
London,
United Kingdom
|
-$963K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$413K |
BNO Hedge Fund Activity: Q3 2025 in Review
29 of the 7,661 institutional investors tracked by Wall St. Rank reported a position in United States Brent Oil Fund (BNO) for Q3 2025, worth a combined $29.6M — up 2.9% from $28.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BNO and 7 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 5 added.
The largest buyer was Jump Financial, opening a new position worth an estimated $4.34M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.99M sold.
- 29 institutional investors held United States Brent Oil Fund (BNO) as of Q3 2025, down from 31 in Q2 2025.
- Funds reported $29.6M of United States Brent Oil Fund stock for Q3 2025, up 2.9% quarter-over-quarter.
- 7 funds opened new United States Brent Oil Fund positions in Q3 2025 and 9 closed out, a net change of -2 holders.
- The largest United States Brent Oil Fund buyer in Q3 2025 was Jump Financial, an estimated $4.34M added.
- The largest United States Brent Oil Fund seller in Q3 2025 was Citadel Advisors, an estimated $1.99M sold.
Based on aggregated 13F filings for Q3 2025.