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United States Brent Oil Fund, LP

BNO
Exchange
NYSE
Industry
Commodity Contracts Brokers & Dealers
SEC CIK
0001472494

No open-market purchases or sales by United States Brent Oil Fund, LP insiders were filed in the last 90 days; 55 institutions reported holding it in 13F filings for Q2 2026, worth $219.9M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in United States Brent Oil Fund, LP as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
27
−1 vs. Q3 2025
Shares held
949.0K
−35.2K (−3.6%) vs. Q3 2025
Total value
$27.0M
−$2.59M (−8.8%) vs. Q3 2025
New holders
6
8 more added
Sold out
7
7 more reduced

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BNO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 27 institutions
Q1 2021: 47 institutionsQ2 2021: 45 institutionsQ3 2021: 43 institutionsQ4 2021: 40 institutionsQ1 2022: 50 institutionsQ2 2022: 52 institutionsQ3 2022: 38 institutionsQ4 2022: 48 institutionsQ1 2023: 45 institutionsQ2 2023: 39 institutionsQ3 2023: 39 institutionsQ4 2023: 35 institutionsQ1 2024: 39 institutionsQ2 2024: 37 institutionsQ3 2024: 27 institutionsQ4 2024: 34 institutionsQ1 2025: 31 institutionsQ2 2025: 30 institutionsQ3 2025: 29 institutionsQ4 2025: 27 institutionsQ1 2026: 63 institutionsQ2 2026: 55 institutions
Value heldQ4 2025: $27.0M
Q1 2021: $76.5MQ2 2021: $49.3MQ3 2021: $52.3MQ4 2021: $42.3MQ1 2022: $46.0MQ2 2022: $60.3MQ3 2022: $24.6MQ4 2022: $73.5MQ1 2023: $89.1MQ2 2023: $29.5MQ3 2023: $26.4MQ4 2023: $35.2MQ1 2024: $40.3MQ2 2024: $34.9MQ3 2024: $118.3MQ4 2024: $34.5MQ1 2025: $29.7MQ2 2025: $28.7MQ3 2025: $29.6MQ4 2025: $27.0MQ1 2026: $372.3MQ2 2026: $219.9M
Institutions holding BNO and their total value by quarter
QuarterHoldersValue
Q2 202655$219.9M
Q1 202663$372.3M
Q4 202527$27.0M
Q3 202529$29.6M
Q2 202530$28.7M
Q1 202531$29.7M
Q4 202434$34.5M
Q3 202427$118.3M
Q2 202437$34.9M
Q1 202439$40.3M
Q4 202335$35.2M
Q3 202339$26.4M
Q2 202339$29.5M
Q1 202345$89.1M
Q4 202248$73.5M
Q3 202238$24.6M
Q2 202252$60.3M
Q1 202250$46.0M
Q4 202140$42.3M
Q3 202143$52.3M
Q2 202145$49.3M
Q1 202147$76.5M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding United States Brent Oil Fund, LP; share changes are against Q3 2025.

Institutions holding BNO in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Harvest Fund Management Co., Ltd337,192$9.55M0.36%+88,905+35.8%Added
Morgan Stanley158,486$4.49M0.00%+1,564+1.0%Added
Ruffer LLP106,450$3.02M0.14%+106,450New
Daiwa Securities Group Inc.78,000$2.21M0.01%+8,700+12.6%Added
Citadel Advisors LLC50,824$1.44M0.00%+50,824New
Virtu Financial LLC29,652$840.0K0.03%−65,700−68.9%Reduced
Ignite Planners, LLC22,576$743.9K0.11%−9,190−28.9%Reduced
Wells Fargo & Company23,275$659.1K0.00%+13,422+136.2%Added
JPMorgan Chase & Co21,555$610.4K0.00%+659+3.2%Added
UBS Group AG18,870$534.4K0.00%+17,285+1,090.5%Added
Flow Traders U.S. LLC16,293$461.0K0.02%−10,093−38.3%Reduced
Headlands Technologies LLC15,617$442.3K0.04%+15,617New
Avondale Wealth Management12,202$345.6K0.18%−1,430−10.5%Reduced
Two Sigma Securities, LLC9,584$271.4K0.04%+9,584New
Jump Financial, LLC8,601$243.6K0.00%−134,531−94.0%Reduced
Jane Street Group, LLC7,961$225.5K0.00%−4,717−37.2%Reduced
BNP Paribas Arbitrage, SA6,730$190.6K0.00%−12,800−65.5%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main6,140$173.9K0.00%+3,198+108.7%Added
Kestra Advisory Services, LLC5,265$149.1K0.00%+5,265New
AdvisorNet Financial, Inc4,500$127.4K0.01%00.0%Unchanged
Advisor Group Holdings, Inc.4,306$121.9K0.00%+1,869+76.7%Added
Royal Bank of Canada4,000$113.0K0.00%00.0%Unchanged
Harbour Investments, Inc.386$10.9K0.00%00.0%Unchanged
NBC Securities, Inc.330$9.35K0.00%+330New
MAI Capital Management100$2.83K0.00%00.0%Unchanged
Bullock Wealth Management Group100$2.83K0.00%00.0%Unchanged
Sound Income Strategies, LLC6$1790.00%00.0%Unchanged
Susquehanna International Group, LLP0$00.00%−59,762−100.0%Sold out
Quadrature Capital Ltd0$00.00%−39,190−100.0%Sold out
HRT Financial LP0$00.00%−12,707−100.0%Sold out
Wiley Bros.-Aintree Capital, LLC0$00.00%−7,195−100.0%Sold out
Cranbrook Wealth Management, LLC0$00.00%−1,503−100.0%Sold out
Copia Wealth Management0$00.00%−49−100.0%Sold out
Ronald Blue Trust, Inc.0$00.00%−20−100.0%Sold out
Guerra Advisors Inc––––Not filed