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United States Oil Fund
USO

188 hedge funds and large institutions have $885M invested in United States Oil Fund in 2023 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 36 increasing their positions, 46 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more capital invested

Capital invested by funds: $612M → $885M (+$273M)

28% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 39

19.47% more ownership

Funds ownership: 40.33% → 59.8% (+19%)

6% more funds holding

Funds holding: 177 → 188 (+11)

5% more call options, than puts

Call options by funds: $1.46B | Put options by funds: $1.4B

22% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 46

Holders
188
Holders Change
+11
Holders Change %
+6.21%
% of All Funds
2.74%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
50
Increased
36
Reduced
46
Closed
39
Calls
$1.46B
Puts
$1.4B
Net Calls
+$63.2M
Net Calls Change
+$417M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$143M
2
Goldman Sachs
Goldman Sachs
New York
+$123M
3
UBS Group
UBS Group
Switzerland
+$91.4M
4
Morgan Stanley
Morgan Stanley
New York
+$58.4M
5
IMC Chicago
IMC Chicago
Illinois
+$35.8M

Top Sellers

Rank Fund Capital Flow
1
Barclays
Barclays
United Kingdom
-$30M
2
Squarepoint
Squarepoint
New York
-$29.5M
3
Bank of America
Bank of America
North Carolina
-$15.7M
4
TRCT
Tower Research Capital (TRC)
New York
-$12.5M
5
Victory Capital Management
Victory Capital Management
Texas
-$9.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$2.52M -$151K -2,077 -5%
SW
27
SMART Wealth
Nebraska
$2.39M +$134K +1,842 +5%
SC
28
Saltoro Capital
Texas
$2.33M +$2.54M +35,000 New
Osaic Holdings
29
Osaic Holdings
Arizona
$2.3M -$778K -10,724 -24%
KAS
30
Kestra Advisory Services
Texas
$2.24M +$145K +2,002 +6%
CS
31
Credit Suisse
Switzerland
$2.13M +$1.78M +24,500 +330%
PFS
32
Prospera Financial Services
Texas
$2.03M +$565K +7,791 +34%
MTIM
33
Marathon Trading Investment Management
Pennsylvania
$1.79M +$1.65M +22,691 +540%
Daiwa Securities Group
34
Daiwa Securities Group
Japan
$1.72M +$290K +4,000 +18%
HF
35
HRT Financial
New York
$1.7M +$1.85M +25,557 New
Group One Trading
36
Group One Trading
Illinois
$1.7M +$1.85M +25,515 New
HP
37
Hartree Partners
New York
$1.67M +$1.81M +25,000 New
HFM
38
Harvest Fund Management
China
$1.56M – – –
MWM
39
Meridian Wealth Management
Kentucky
$1.55M +$1.68M +23,187 New
HighTower Advisors
40
HighTower Advisors
Illinois
$1.54M +$916K +12,635 +122%
AWA
41
Arkadios Wealth Advisors
Georgia
$1.43M -$762K -10,515 -33%
MML Investors Services
42
MML Investors Services
Massachusetts
$1.35M +$195K +2,683 +15%
SC
43
Savoie Capital
Illinois
$1.33M +$1.45M +20,000 New
GEM
44
Global Endowment Management
North Carolina
$1.2M +$1.31M +18,000 New
CI
45
Cavalier Investments
Georgia
$1.15M +$1.25M +17,280 New
NWMG
46
National Wealth Management Group
Ohio
$1.12M -$39.3K -542 -3%
BI
47
Bramshill Investments
Florida
$1.12M +$1.21M +16,750 New
CAN
48
Cetera Advisor Networks
California
$1.07M -$105K -1,454 -8%
IFAM
49
Institutional & Family Asset Management
Colorado
$1.04M +$1.13M +15,640 New
Wolverine Trading
50
Wolverine Trading
Illinois
$1.04M -$38.7K -534 -3%
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USO Hedge Fund Activity: Q4 2023 in Review

188 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2023, worth a combined $885M — up 45% from $612M a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new USO positions and 39 closed out — a net gain of 11 holders — while 36 added to existing stakes and 46 trimmed.

The largest buyer was Jane Street, adding an estimated $143M. The largest seller was Barclays, cutting an estimated $30M.

  • 188 institutional investors held United States Oil Fund (USO) as of Q4 2023, up from 177 in Q3 2023.
  • Funds reported $885M of United States Oil Fund stock for Q4 2023, up 45% quarter-over-quarter.
  • 50 funds opened new United States Oil Fund positions in Q4 2023 and 39 closed out, a net change of +11 holders.
  • The largest United States Oil Fund buyer in Q4 2023 was Jane Street, an estimated $143M added.
  • The largest United States Oil Fund seller in Q4 2023 was Barclays, an estimated $30M sold.

Based on aggregated 13F filings for Q4 2023.