UNITED STS BRENT OIL FD LP

Ticker: BNO CUSIP: 91167Q100 Class: UNIT

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (6)

Ruffer LLP
Value ($000) $3,019 Shares 106,450
Headlands Technologies LLC
Value ($000) $442 Shares 15,617
TWO SIGMA SECURITIES, LLC
Value ($000) $271 Shares 9,584
CITADEL ADVISORS LLC
Value ($000) $1,439 Shares 50,824
Kestra Advisory Services, LLC
Value ($000) $149 Shares 5,265
NBC SECURITIES, INC.
Value ($000) $9 Shares 330

Increased Positions (7)

Harvest Fund Management Co., Ltd
Value ($000) $10 (+28.0%) Shares 337,192 (+35.8%)
UBS Group AG
Value ($000) $534 (+1022.0%) Shares 18,870 (+1090.5%)
WELLS FARGO & COMPANY/MN
Value ($000) $659 (+122.6%) Shares 23,275 (+136.2%)
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt
Value ($000) $174 (+96.7%) Shares 6,140 (+108.7%)
OSAIC HOLDINGS, INC.
Value ($000) $122 (+65.0%) Shares 4,306 (+76.7%)
JPMORGAN CHASE & CO
Value ($000) $610 (-2.8%) Shares 21,555 (+3.2%)
Daiwa Securities Group Inc.
Value ($000) $2 (+6.1%) Shares 78,000 (+12.6%)

Decreased Positions (7)

Jump Financial, LLC
Value ($000) $244 (-94.3%) Shares 8,601 (-94.0%)
Ignite Planners, LLC
Value ($000) $744 (-22.1%) Shares 22,576 (-28.9%)
Virtu Financial LLC
Value ($000) $1 (-70.7%) Shares 29,652 (-68.9%)
Avondale Wealth Management
Value ($000) $346 (-15.6%) Shares 12,202 (-10.5%)
BNP PARIBAS ARBITRAGE, SA
Value ($000) $191 (-67.5%) Shares 6,730 (-65.5%)
JANE STREET GROUP, LLC
Value ($000) $225 (-40.8%) Shares 7,961 (-37.2%)
FLOW TRADERS U.S. LLC
Value ($000) $0 (-41.9%) Shares 16,293 (-38.3%)

Exited Positions (7)

Quadrature Capital Ltd
Value ($000) $1,177 Shares 39,190
Cranbrook Wealth Management, LLC
Value ($000) $45 Shares 1,503
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $1,796 Shares 59,762
&PARTNERS
Value ($000) $216 Shares 7,195
Copia Wealth Management
Value ($000) $1 Shares 49
HRT FINANCIAL LP
Value ($000) $0 Shares 12,707
Ronald Blue Trust, Inc.
Value ($000) $1 Shares 20