US Commodity Index
USCI
71 hedge funds and large institutions have $122M invested in US Commodity Index in 2026 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 18 reducing their positions, and 5 closing their positions.
462% more call options, than puts
Call options by funds: $2.98M | Put options by funds: $530K
140% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 5
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
18% more capital invested
Capital invested by funds: $104M → $122M (+$18.5M)
4% more funds holding
Funds holding: 68 → 71 (+3)
0% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 18
2.01% less ownership
Funds ownership: 37.19% → 35.18% (-2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.24M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.13M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.87M |
| 4 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
+$1.11M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$833K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cambria Investment Management
Manhattan Beach,
California
|
-$9.21M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$2.9M |
| 3 |
AFS
Axiom Financial Strategies
New Albany,
Indiana
|
-$2M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$1.01M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
-$943K |
USCI Hedge Fund Activity: Q1 2026 in Review
71 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in US Commodity Index (USCI) for Q1 2026, worth a combined $122M — up 18% from $104M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new USCI positions and 5 closed out — a net gain of 7 holders — while 18 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.24M. The largest seller was Cambria Investment Management, exiting entirely with an estimated $9.21M sold.
- 71 institutional investors held US Commodity Index (USCI) as of Q1 2026, up from 68 in Q4 2025.
- Funds reported $122M of US Commodity Index stock for Q1 2026, up 18% quarter-over-quarter.
- 12 funds opened new US Commodity Index positions in Q1 2026 and 5 closed out, a net change of +7 holders.
- The largest US Commodity Index buyer in Q1 2026 was Morgan Stanley, an estimated $3.24M added.
- The largest US Commodity Index seller in Q1 2026 was Cambria Investment Management, an estimated $9.21M sold.
Based on aggregated 13F filings for Q1 2026.