13FPulse
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BN

BNO UNITED STATES BRENT OIL FUND

2026Q2 · CUSIP 91167Q100 · Sector: Financials

Funds left

Funds are exiting, but the price is holding

Funds that own it
55
Institutions that reported holding it to the SEC
Net decrease in holders
8
Last quarter 63 → now 55
How unusual is that
Bottom 20%
Stronger than only 15% of US stocks
What the filings say, in one paragraph

55 funds held BNO at the end of 2026Q2, down 8 from the quarter before. Buying has faded, though the price is holding up. BNO has had 2 buying rushes in its history. It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=14 2013Q4: holders=14 2014Q1: holders=12 2014Q2: holders=18 2014Q3: holders=16 2014Q4: holders=11 2015Q1: holders=18 2015Q2: holders=25 2015Q3: holders=20 2015Q4: holders=25 2016Q1: holders=25 2016Q2: holders=24 2016Q3: holders=24 2016Q4: holders=26 2017Q1: holders=24 2017Q2: holders=25 2017Q3: holders=20 2017Q4: holders=22 2018Q1: holders=22 2018Q2: holders=27 2018Q3: holders=20 2018Q4: holders=21 2019Q1: holders=21 2019Q2: holders=23 2019Q3: holders=21 2019Q4: holders=29 2020Q1: holders=19 2020Q2: holders=45 2020Q3: holders=38 2020Q4: holders=39 2021Q1: holders=46 2021Q2: holders=45 2021Q3: holders=43 2021Q4: holders=40 2022Q1: holders=49 2022Q2: holders=51 2022Q3: holders=38 2022Q4: holders=48 2023Q1: holders=46 2023Q2: holders=39 2023Q3: holders=40 2023Q4: holders=36 2024Q1: holders=38 2024Q2: holders=36 2024Q3: holders=26 2024Q4: holders=33 2025Q1: holders=30 2025Q2: holders=29 2025Q3: holders=28 2025Q4: holders=26 2026Q1: holders=63 2026Q2: holders=55 -37 -18.5 +0 +18.5 +37 93867 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 2 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 10% — —
2020Q2 Top 20% — —

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
29
Change in large funds
+8
Total value they hold
$188M
Funds buying for the first time
25
Funds that sold out entirely
33
Price change that quarter
—
Funds holding puts (bearish)
4
Funds holding calls (bullish)
15

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.