United States 12 Month Oil Fund,
14 hedge funds and large institutions have $7.06M invested in United States 12 Month Oil Fund, in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 3 closing their positions.
0.59% more ownership
Funds ownership: 17.84% → 18.43% (+0.59%)
7% less capital invested
Capital invested by funds: $7.62M → $7.06M (-$563K)
13% less funds holding
Funds holding: 16 → 14 (-2)
36% less call options, than puts
Call options by funds: $223K | Put options by funds: $347K
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.56M |
| 2 |
RF
Roxbury Financial
Mount Arlington,
New Jersey
|
+$73.6K |
| 3 |
AF
Advisornet Financial
Minnetonka,
Minnesota
|
+$375 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$1.15M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$453K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$68.8K |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$42.7K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$38.6K |
USL Hedge Fund Activity: Q4 2025 in Review
14 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in United States 12 Month Oil Fund, (USL) for Q4 2025, worth a combined $7.06M — down 7.4% from $7.62M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of USL and 1 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.56M. The largest seller was Jane Street, exiting entirely with an estimated $1.15M sold.
- 14 institutional investors held United States 12 Month Oil Fund, (USL) as of Q4 2025, down from 16 in Q3 2025.
- Funds reported $7.06M of United States 12 Month Oil Fund, stock for Q4 2025, down 7.4% quarter-over-quarter.
- 1 fund opened new United States 12 Month Oil Fund, positions in Q4 2025 and 3 closed out, a net change of -2 holders.
- The largest United States 12 Month Oil Fund, buyer in Q4 2025 was Virtu Financial, an estimated $1.56M added.
- The largest United States 12 Month Oil Fund, seller in Q4 2025 was Jane Street, an estimated $1.15M sold.
Based on aggregated 13F filings for Q4 2025.