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Invesco DB Oil Fund
DBO

53 hedge funds and large institutions have $43.1M invested in Invesco DB Oil Fund in 2025 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

213% more call options, than puts

Call options by funds: $572K | Put options by funds: $183K

33% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 9

6% more funds holding

Funds holding: 50 → 53 (+3)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

1.45% less ownership

Funds ownership: 22.47% → 21.02% (-1.4%)

16% less capital invested

Capital invested by funds: $51.1M → $43.1M (-$7.99M)

Holders
53
Holders Change
+3
Holders Change %
+6%
% of All Funds
0.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
13
Reduced
13
Closed
9
Calls
$572K
Puts
$183K
Net Calls
+$389K
Net Calls Change
-$115K

Top Buyers

1
IWM
IHT Wealth Management
Illinois
+$504K
2
SFC
Strategic Financial Concepts
Texas
+$382K
3
Citadel Advisors
Citadel Advisors
Florida
+$321K
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$260K
5
PP
Prudential plc
United Kingdom
+$215K

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$1.5M
2
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$1.26M
3
NFP
Narus Financial Partners
Utah
-$1.09M
4
Jane Street
Jane Street
New York
-$718K
5
QC
Quadrature Capital
United Kingdom
-$542K
Name Holding Trade Value Shares
Change 		Change in
Stake
Ameriprise
26
Ameriprise
Minnesota
$191K -$107K -8,333 -35%
BRWA
27
B. Riley Wealth Advisors
Florida
$170K – – –
RSF
28
Rik Saylor Financial
Ohio
$151K +$1.31K +102 +0.8%
PNC Financial Services Group
29
PNC Financial Services Group
Pennsylvania
$144K – – –
FTEA
30
Forty-three Eighteen Advisors
Arkansas
$137K +$145K +11,270 New
TSS
31
Two Sigma Securities
New York
$136K +$143K +11,142 New
Rockefeller Capital Management
32
Rockefeller Capital Management
New York
$128K -$64.4K -5,019 -32%
TWC
33
TD Waterhouse Canada
Ontario, Canada
$71.9K – – –
AWM
34
AE Wealth Management
Kansas
$63.8K – – –
JP Morgan Chase
35
JP Morgan Chase
New York
$56.6K +$4.55K +355 +8%
ME
36
McIlrath & Eck
Washington
$39K – – –
IAIM
37
International Assets Investment Management
Florida
$32.9K +$34.6K +2,700 New
US Bancorp
38
US Bancorp
Minnesota
$30.5K – – –
AAP
39
Arax Advisory Partners
Colorado
$28.1K – – –
ACA
40
Aptus Capital Advisors
Alabama
$16.3K +$17.1K +1,335 New
QC
41
Quent Capital
New York
$16.2K -$24K -1,875 -59%
MCM
42
MAI Capital Management
Ohio
$13.4K – – –
GRP
43
Global Retirement Partners
California
$11K – – –
SAM
44
Smartleaf Asset Management
Massachusetts
$6.14K +$6.4K +499 New
VWWMG
45
Vermillion & White Wealth Management Group
Pennsylvania
$6.1K – – –
DCM
46
Davis Capital Management
Florida
$5.49K – – –
AUB
47
Atlantic Union Bankshares
Virginia
$3.66K – – –
BNP Paribas Financial Markets
48
BNP Paribas Financial Markets
France
$2.93K +$3.08K +240 New
PWPS
49
Pinnacle Wealth Planning Services
Ohio
$939 +$988 +77 New
HI
50
Harbour Investments
Wisconsin
$637 +$26 +2 +4%
1
2
3

DBO Hedge Fund Activity: Q4 2025 in Review

53 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Invesco DB Oil Fund (DBO) for Q4 2025, worth a combined $43.1M — down 16% from $51.1M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new DBO positions and 9 closed out — a net gain of 3 holders — while 13 added to existing stakes and 13 trimmed.

The largest buyer was IHT Wealth Management, opening a new position worth an estimated $504K. The largest seller was Wells Fargo, cutting an estimated $1.5M.

  • 53 institutional investors held Invesco DB Oil Fund (DBO) as of Q4 2025, up from 50 in Q3 2025.
  • Funds reported $43.1M of Invesco DB Oil Fund stock for Q4 2025, down 16% quarter-over-quarter.
  • 12 funds opened new Invesco DB Oil Fund positions in Q4 2025 and 9 closed out, a net change of +3 holders.
  • The largest Invesco DB Oil Fund buyer in Q4 2025 was IHT Wealth Management, an estimated $504K added.
  • The largest Invesco DB Oil Fund seller in Q4 2025 was Wells Fargo, an estimated $1.5M sold.

Based on aggregated 13F filings for Q4 2025.