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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
Wells Fargo
1
Wells Fargo
California
$17.7M -$1.5M -116,820 -7%
PP
2
Prudential plc
United Kingdom
$6.88M +$215K +16,788 +3%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$2.49M +$112K +8,769 +4%
Commonwealth Equity Services
4
Commonwealth Equity Services
Massachusetts
$1.63M +$43.1K +3,363 +3%
Mirae Asset Global Investments
5
Mirae Asset Global Investments
South Korea
$1.62M +$260K +20,300 +18%
NFP
6
Narus Financial Partners
Utah
$1.61M -$1.09M -84,687 -39%
FTUS
7
Flow Traders U.S.
New York
$1.45M +$186K +14,525 +14%
Asset Management One
8
Asset Management One
Japan
$1.37M -$167K -13,000 -10%
LPL Financial
9
LPL Financial
California
$1.16M +$162K +12,644 +15%
Cetera Investment Advisers
10
Cetera Investment Advisers
Illinois
$537K -$22.1K -1,725 -4%
Osaic Holdings
11
Osaic Holdings
Arizona
$507K -$39.5K -3,083 -7%
Cambridge Investment Research Advisors
12
Cambridge Investment Research Advisors
Iowa
$493K -$7.68K -599 -1%
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$484K -$296K -23,100 -37%
IWM
14
IHT Wealth Management
Illinois
$479K +$504K +39,302 New
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$401K -$3.09K -241 -0.7%
Morgan Stanley
16
Morgan Stanley
New York
$369K +$2.37K +185 +0.6%
SFC
17
Strategic Financial Concepts
Texas
$363K +$382K +29,791 New
KAS
18
Kestra Advisory Services
Texas
$334K – – –
Citadel Advisors
19
Citadel Advisors
Florida
$306K +$321K +25,044 New
UBS Group
20
UBS Group
Switzerland
$289K +$1.13K +88 +0.4%
AFG
21
Allegheny Financial Group
Pennsylvania
$264K +$5.95K +464 +2%
CG
22
Cynosure Group
Utah
$258K – – –
HighTower Advisors
23
HighTower Advisors
Illinois
$225K +$1.04K +81 +0.4%
QC
24
Quadrature Capital
United Kingdom
$207K -$542K -42,296 -71%
PWAM
25
Private Wealth Asset Management
Iowa
$200K – – –
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.