United States Brent Oil Fund (BNO) Shares Outstanding (2010 - 2026)
United States Brent Oil Fund's (BNO) quarterly Shares Outstanding (Entity) came in at $16.0 million in Q2 2026, up 343.54% on a YoY basis from $3.6 million in Q2 2025, and up 138.4% quarter-over-quarter from $6.7 million in Q1 2026.
Analysis
United States Brent Oil Fund (BNO) Shares Outstanding (2010 - 2026) Analysis & Trends
United States Brent Oil Fund (BNO) has reported Shares Outstanding (Entity) for 17 consecutive years, with $16.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Shares Outstanding (Entity) rose 343.54% year-over-year to $16.0 million; the trailing twelve-month figure through Jun 2026 stood at $16.0 million (up 343.54% YoY), and the FY2025 full-year result was $3.3 million, down 32.58% from the prior year.
- Shares Outstanding (Entity) grew to $16.0 million in Q2 2026 per BNO's latest filing, from $6.7 million in the prior quarter.
- Across five years, Shares Outstanding (Entity) topped out at $16.0 million in Q2 2026 and bottomed at $3.0 million in Q1 2025.
- Historically, Shares Outstanding (Entity) has averaged $6.6 million across 5 years, with a median of $6.3 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Shares Outstanding (Entity) plunged 47.53% in 2022, then surged 343.54% in 2026.
- Over 5 years, Shares Outstanding (Entity) stood at $9.0 million in 2022, then declined by 25.16% to $6.8 million in 2023, then dropped by 28.0% to $4.9 million in 2024, then slumped by 32.58% to $3.3 million in 2025, then jumped by 385.68% to $16.0 million in 2026.
- According to Business Quant data, Shares Outstanding (Entity) over the past three periods registered $16.0 million, $6.7 million, and $3.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 155.20 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | 361.94 Mn |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | 369.28 Mn |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | 339.27 Mn |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 215.90 Mn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | 372.94 Mn |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 515.20 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | 451.30 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 26.40 Mn |
| 10 | United States Brent Oil Fund | 920.37 Mn | 525.94 Mn | - | 15.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.97 Mn |
| Mar 31, 2026 | 6.70 Mn |
| Dec 31, 2025 | 3.29 Mn |
| Sep 30, 2025 | 3.53 Mn |
| Jun 30, 2025 | 3.07 Mn |
| Mar 31, 2025 | 3.23 Mn |
| Dec 31, 2024 | 4.88 Mn |
| Sep 30, 2024 | 5.99 Mn |
| Jun 30, 2024 | 4.10 Mn |
| Mar 31, 2024 | 4.53 Mn |
| Dec 31, 2023 | 6.77 Mn |
| Sep 30, 2023 | 5.82 Mn |
| Jun 30, 2023 | 7.46 Mn |
| Mar 31, 2023 | 8.77 Mn |
| Dec 31, 2022 | 8.99 Mn |
| Sep 30, 2022 | 7.31 Mn |
| Jun 30, 2022 | 9.75 Mn |
| Mar 31, 2022 | 10.21 Mn |
| Dec 31, 2021 | 17.07 Mn |
| Sep 30, 2021 | 14.45 Mn |