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Invesco DB Oil Fund
DBO

56 hedge funds and large institutions have $60.5M invested in Invesco DB Oil Fund in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

2.52% more ownership

Funds ownership: 27.45% → 29.97% (+2.5%)

4% more capital invested

Capital invested by funds: $58.3M → $60.5M (+$2.19M)

8% less funds holding

Funds holding: 61 → 56 (-5)

23% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 13

41% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 17

54% less call options, than puts

Call options by funds: $54K | Put options by funds: $118K

Holders
56
Holders Change
-5
Holders Change %
-8.2%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
10
Reduced
17
Closed
13
Calls
$54K
Puts
$118K
Net Calls
-$64K
Net Calls Change
+$30K

Top Buyers

Rank Fund Capital Flow
1
QC
Quadrature Capital
United Kingdom
+$3.5M
2
FF
Fluent Financial
Texas
+$1.63M
3
NFP
Narus Financial Partners
Utah
+$671K
4
Jane Street
Jane Street
New York
+$633K
5
IAA
Independent Advisor Alliance
North Carolina
+$381K

Top Sellers

Rank Fund Capital Flow
1
AWA
Arete Wealth Advisors
Illinois
-$1.78M
2
LPL Financial
LPL Financial
California
-$806K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$654K
4
QC
Quent Capital
New York
-$601K
5
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$339K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$251K – – –
Rockefeller Capital Management
27
Rockefeller Capital Management
New York
$240K – – –
PWAM
28
Private Wealth Asset Management
Iowa
$235K +$236K +16,385 New
ATPW
29
Ashton Thomas Private Wealth
Arizona
$210K -$18.2K -1,267 -8%
AFG
30
Allegheny Financial Group
Pennsylvania
$201K – – –
CWM
31
Cornerstone Wealth Management
Missouri
$193K – – –
AAS
32
Avantax Advisory Services
Texas
$182K -$10.5K -727 -5%
PSP
33
Pacific Sage Partners
Washington
$176K – – –
RSF
34
Rik Saylor Financial
Ohio
$176K – – –
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$173K +$3.59K +250 +2%
SG
36
StoneX Group
New York
$162K +$162K +11,293 New
TWC
37
TD Waterhouse Canada
Ontario, Canada
$84.5K – – –
JP Morgan Chase
38
JP Morgan Chase
New York
$66.6K +$8.16K +568 +14%
QC
39
Quent Capital
New York
$45.9K -$601K -41,817 -93%
Comerica Bank
40
Comerica Bank
Texas
$37.7K -$12.9K -900 -25%
US Bancorp
41
US Bancorp
Minnesota
$35.8K – – –
Qube Research & Technologies (QRT)
42
Qube Research & Technologies (QRT)
United Kingdom
$31.8K -$36.8K -2,557 -54%
MG
43
Mather Group
Illinois
$30.1K – – –
HI
44
Harbour Investments
Wisconsin
$16.4K – – –
MCM
45
MAI Capital Management
Ohio
$15.8K – – –
TRCT
46
Tower Research Capital (TRC)
New York
$12.7K +$11.3K +788 +796%
LFG
47
Larson Financial Group
Missouri
$12.3K – – –
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$10K +$10.1K +700 New
Simplex Trading
49
Simplex Trading
Illinois
$8K +$8.98K +625 New
VWWMG
50
Vermillion & White Wealth Management Group
Pennsylvania
$7.17K – – –
1
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3

DBO Hedge Fund Activity: Q1 2025 in Review

56 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Oil Fund (DBO) for Q1 2025, worth a combined $60.5M — up 3.8% from $58.3M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of DBO and 10 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 10 added.

The largest buyer was Quadrature Capital, adding an estimated $3.5M. The largest seller was Arete Wealth Advisors, exiting entirely with an estimated $1.78M sold.

  • 56 institutional investors held Invesco DB Oil Fund (DBO) as of Q1 2025, down from 61 in Q4 2024.
  • Funds reported $60.5M of Invesco DB Oil Fund stock for Q1 2025, up 3.8% quarter-over-quarter.
  • 10 funds opened new Invesco DB Oil Fund positions in Q1 2025 and 13 closed out, a net change of -3 holders.
  • The largest Invesco DB Oil Fund buyer in Q1 2025 was Quadrature Capital, an estimated $3.5M added.
  • The largest Invesco DB Oil Fund seller in Q1 2025 was Arete Wealth Advisors, an estimated $1.78M sold.

Based on aggregated 13F filings for Q1 2025.