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United States Oil Fund
USO

166 hedge funds and large institutions have $518M invested in United States Oil Fund in 2023 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 29 increasing their positions, 44 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.81% more ownership

Funds ownership: 32.85% → 33.66% (+0.81%)

4% less capital invested

Capital invested by funds: $541M → $518M (-$22.4M)

9% less funds holding

Funds holding: 183 → 166 (-17)

13% less call options, than puts

Call options by funds: $1.13B | Put options by funds: $1.31B

34% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 44

42% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 38

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
166
Holders Change
-17
Holders Change %
-9.29%
% of All Funds
2.61%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
22
Increased
29
Reduced
44
Closed
38
Calls
$1.13B
Puts
$1.31B
Net Calls
-$176M
Net Calls Change
+$15.2M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$58.4M
2
FTUS
Flow Traders U.S.
New York
+$19.3M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$18.6M
4
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$13.1M
5
IMC Chicago
IMC Chicago
Illinois
+$10.4M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$76.5M
2
WHGC
Wealth High Governance Capital
Brazil
-$39.9M
3
Jane Street
Jane Street
New York
-$15.4M
4
CS
Credit Suisse
Switzerland
-$13.4M
5
BlackRock
BlackRock
New York
-$8.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
IUHSA
26
Itau Unibanco Holding S.A.
Brazil
$2.64M +$2.71M +41,500 New
WMSA
27
Weiss Multi-Strategy Advisers
New York
$2.54M +$2.09M +32,000 +400%
LPL Financial
28
LPL Financial
California
$2.52M -$105K -1,612 -4%
MML Investors Services
29
MML Investors Services
Massachusetts
$2.47M +$1.52M +23,382 +151%
Osaic Holdings
30
Osaic Holdings
Arizona
$2.44M -$614K -9,425 -20%
PFS
31
Prospera Financial Services
Texas
$2.36M +$13K +200 +0.5%
Bank of America
32
Bank of America
North Carolina
$2.34M -$76.5M -1,172,751 -97%
KAS
33
Kestra Advisory Services
Texas
$2.31M -$202K -3,098 -8%
LC
34
Littlejohn & Co
Connecticut
$2.22M -$5.58M -85,530 -71%
Simplex Trading
35
Simplex Trading
Illinois
$2.19M -$1.44M -22,124 -39%
MWM
36
Meridian Wealth Management
Kentucky
$2.16M +$1.43M +21,867 +181%
HFM
37
Harvest Fund Management
China
$1.97M -$63.6K -976 -3%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$1.94M -$9.06K -139 -0.5%
HT
39
HAP Trading
New York
$1.93M -$4.8M -73,681 -71%
ASN
40
Advisory Services Network
Georgia
$1.9M +$50.8K +779 +3%
CG
41
Cutler Group
California
$1.61M -$1.13M -17,395 -41%
Group One Trading
42
Group One Trading
Illinois
$1.57M -$3.47M -53,219 -68%
Daiwa Securities Group
43
Daiwa Securities Group
Japan
$1.39M +$91.3K +1,400 +7%
Lazard Asset Management
44
Lazard Asset Management
New York
$1.35M -$321K -4,925 -19%
MS
45
Madden Securities
Texas
$1.3M -$49.8K -764 -4%
NWMG
46
National Wealth Management Group
Ohio
$1.3M -$416K -6,380 -27%
CAN
47
Cetera Advisor Networks
California
$1.3M -$75.8K -1,162 -5%
HF
48
HRT Financial
New York
$1.15M +$1.18M +18,113 New
JFG
49
Jefferies Financial Group
New York
$1.11M – – –
CF
50
Centaurus Financial
California
$1.11M +$850K +13,032 +295%
1
2
3 4 5

USO Hedge Fund Activity: Q2 2023 in Review

166 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q2 2023, worth a combined $518M — down 4.1% from $541M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of USO and 22 opened new positions — a net loss of 16 holders — while 44 trimmed existing stakes and 29 added.

The largest buyer was Citadel Advisors, adding an estimated $58.4M. The largest seller was Bank of America, cutting an estimated $76.5M.

  • 166 institutional investors held United States Oil Fund (USO) as of Q2 2023, down from 183 in Q1 2023.
  • Funds reported $518M of United States Oil Fund stock for Q2 2023, down 4.1% quarter-over-quarter.
  • 22 funds opened new United States Oil Fund positions in Q2 2023 and 38 closed out, a net change of -16 holders.
  • The largest United States Oil Fund buyer in Q2 2023 was Citadel Advisors, an estimated $58.4M added.
  • The largest United States Oil Fund seller in Q2 2023 was Bank of America, an estimated $76.5M sold.

Based on aggregated 13F filings for Q2 2023.