We are live on ! Find out more
USO icon

United States Oil Fund
USO

183 hedge funds and large institutions have $541M invested in United States Oil Fund in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 37 increasing their positions, 60 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.84% less ownership

Funds ownership: 36.69% → 32.85% (-3.8%)

9% less funds holding

Funds holding: 200 → 183 (-17)

14% less call options, than puts

Call options by funds: $1.22B | Put options by funds: $1.41B

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

27% less capital invested

Capital invested by funds: $740M → $541M (-$200M)

33% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 33

38% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 60

Holders
183
Holders Change
-17
Holders Change %
-8.5%
% of All Funds
2.92%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
22
Increased
37
Reduced
60
Closed
33
Calls
$1.22B
Puts
$1.41B
Net Calls
-$191M
Net Calls Change
-$508M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$70.4M
2
WHGC
Wealth High Governance Capital
Brazil
+$40M
3
CRAM
Compass Rose Asset Management
New York
+$23.3M
4
Goldman Sachs
Goldman Sachs
New York
+$20.1M
5
Squarepoint
Squarepoint
New York
+$11.4M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$65.1M
2
JFG
Jefferies Financial Group
New York
-$43.5M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$42.2M
4
N
Natixis
France
-$35.8M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$35.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
PFS
26
Prospera Financial Services
Texas
$2.46M +$2.47M +36,971 New
Wolverine Trading
27
Wolverine Trading
Illinois
$2.31M +$944K +14,160 +67%
HFM
28
Harvest Fund Management
China
$2.12M -$56.7K -851 -3%
IFAM
29
Institutional & Family Asset Management
Colorado
$2.05M +$52.1K +781 +3%
ASN
30
Advisory Services Network
Georgia
$1.94M -$4.67K -70 -0.2%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$1.93M -$774K -11,613 -29%
Lazard Asset Management
32
Lazard Asset Management
New York
$1.74M +$1.11M +16,588 +172%
NWMG
33
National Wealth Management Group
Ohio
$1.49M -$774K -11,610 -33%
CAN
34
Cetera Advisor Networks
California
$1.44M -$237K -3,550 -14%
MS
35
Madden Securities
Texas
$1.41M -$3.73M -55,885 -72%
Daiwa Securities Group
36
Daiwa Securities Group
Japan
$1.35M +$80K +1,200 +6%
JFG
37
Jefferies Financial Group
New York
$1.16M -$43.5M -652,370 -97%
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$1.09M +$79K +1,185 +8%
MML Investors Services
39
MML Investors Services
Massachusetts
$1.03M +$14.6K +219 +1%
Creative Planning
40
Creative Planning
Kansas
$1.02M -$93.9K -1,409 -8%
NA
41
NewEdge Advisors
Louisiana
$1M -$67.8K -1,017 -6%
PL
42
Parkwood LLC
Ohio
$981K +$1.19M +17,888 +169%
TI
43
Truepoint Inc
Ohio
$912K – – –
SW
44
SVB Wealth
Massachusetts
$905K – – –
Mirae Asset Global Investments
45
Mirae Asset Global Investments
South Korea
$890K -$67.2K -1,008 -7%
CIBC World Market
46
CIBC World Market
Ontario, Canada
$853K – – –
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$849K -$42.2M -632,950 -98%
JP Morgan Chase
48
JP Morgan Chase
New York
$828K -$889K -13,329 -52%
MWM
49
Meridian Wealth Management
Kentucky
$805K +$50.9K +763 +7%
UBS Group
50
UBS Group
Switzerland
$784K +$531K +7,969 +208%
1
2
3 4 5

USO Hedge Fund Activity: Q1 2023 in Review

183 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q1 2023, worth a combined $541M — down 27% from $740M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of USO and 22 opened new positions — a net loss of 11 holders — while 60 trimmed existing stakes and 37 added.

The largest buyer was Bank of America, adding an estimated $70.4M. The largest seller was Citadel Advisors, cutting an estimated $65.1M.

  • 183 institutional investors held United States Oil Fund (USO) as of Q1 2023, down from 200 in Q4 2022.
  • Funds reported $541M of United States Oil Fund stock for Q1 2023, down 27% quarter-over-quarter.
  • 22 funds opened new United States Oil Fund positions in Q1 2023 and 33 closed out, a net change of -11 holders.
  • The largest United States Oil Fund buyer in Q1 2023 was Bank of America, an estimated $70.4M added.
  • The largest United States Oil Fund seller in Q1 2023 was Citadel Advisors, an estimated $65.1M sold.

Based on aggregated 13F filings for Q1 2023.