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Midas Edge

United States Brent Oil Fund, LP

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

BNO$58.36-1.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Schedules of Investments at December 31, 2025 and 2024

Schedule of Investments

At December 31, 2025

​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Fair · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Value/Unrealized · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Gain (Loss) on · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Open · ​ · ​
​ · ​ · ​ · ​ · ​ · Number of · ​ · Commodity · ​ · % of Partners’
​ · ​ ​ ​ · Notional Amount · ​ ​ ​ · Contracts · ​ ​ ​ · Contracts · ​ ​ ​ · Capital
Open Commodity Futures Contracts - Long · ​ · ​
United Kingdom Contracts · ​ · ​
ICE Brent Crude Futures CO March 2026 contracts, expiring January 2026*$98,125,9801,651$2,337,3702.33
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​​Shares/Principal​​​​% of Partners’
​ · ​ ​ ​ · Amount · ​ ​ ​ · Market Value · ​ ​ ​ · Capital
Cash Equivalents · ​ · ​ · ​ · ​
United States Money Market Funds · ​ · ​ · ​ · ​
Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares, 3.71%#​​30,000,000​$30,000,000​29.87
Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Shares, 3.69%#​​32,750,000​$32,750,000​32.61
Total United States Money Market Funds​​​$62,750,00062.48
*Collateral amounted to $11,582,552 on open commodity futures contracts.
#Reflects the 7-day yield at December 31, 2025.

See accompanying notes to financial statements.

Schedule of Investments

At December 31, 2024

​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ ​ ​ · ​ · ​ · ​ ​ ​ · ​ · ​ ​ ​ · Fair · ​ ​ ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Value/Unrealized · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Gain (Loss) on · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · Open · ​ · ​
​ · ​ · ​ · ​ · ​ · Number of · ​ · Commodity · ​ · % of Partners’
​ · ​ · Notional Amount · ​ · Contracts · ​ · Contracts · ​ · Capital
Open Commodity Futures Contracts - Long​​​​​​
United Kingdom Contracts​​​​​​
ICE Brent Crude Futures CO March 2025 contracts, expiring January 2025*​$111,971,3601,535​$2,601,0402.27
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ ​ ​ · Shares/Principal · ​ ​ ​ · ​ · ​ · ​ ​ ​ · % of Partners’
​ · ​ · Amount · ​ · Market Value · ​ · Capital
Cash Equivalents​​​​
United States Money Market Funds​​​​
Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Shares, 4.43%#75,000,000​$75,000,00065.49
Total United States Money Market Funds​​$75,000,00065.49

*Collateral amounted to $31,741,220 on open commodity futures contracts.

#Reflects the 7-day yield at December 31, 2024.

*See accompanying notes to financial statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.