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United States Oil Fund
USO

166 hedge funds and large institutions have $460M invested in United States Oil Fund in 2024 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more call options, than puts

Call options by funds: $1.45B | Put options by funds: $654M

2% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 43

7% less funds holding

Funds holding: 179 → 166 (-13)

34% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 32

40.84% less ownership

Funds ownership: 78.24% → 37.4% (-41%)

53% less capital invested

Capital invested by funds: $977M → $460M (-$516M)

Holders
166
Holders Change
-13
Holders Change %
-7.26%
% of All Funds
2.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
42
Reduced
43
Closed
32
Calls
$1.45B
Puts
$654M
Net Calls
+$794M
Net Calls Change
+$282M

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$43.8M
2
Morgan Stanley
Morgan Stanley
New York
+$33.5M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$18.5M
4
IAIM
International Assets Investment Management
Florida
+$10.6M
5
Bank of America
Bank of America
North Carolina
+$7.65M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$392M
2
Goldman Sachs
Goldman Sachs
New York
-$88.3M
3
Victory Capital Management
Victory Capital Management
Texas
-$28.4M
4
Citadel Advisors
Citadel Advisors
Florida
-$13.2M
5
Millennium Management
Millennium Management
New York
-$10.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Group One Trading
26
Group One Trading
Illinois
$2.75M +$1.41M +18,843 +92%
HCS
27
Himension Capital (Singapore)
Singapore
$2.4M +$430K +5,726 +20%
TCIM
28
TOMS Capital Investment Management
New York
$2.33M +$2.5M +33,300 New
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
$2.19M +$1.69M +22,454 +258%
Daiwa Securities Group
30
Daiwa Securities Group
Japan
$2.09M +$105K +1,400 +5%
KAS
31
Kestra Advisory Services
Texas
$2.07M -$262K -3,487 -11%
LPL Financial
32
LPL Financial
California
$1.92M -$261K -3,472 -11%
Commonwealth Equity Services
33
Commonwealth Equity Services
Massachusetts
$1.88M -$23.5K -313 -1%
GEM
34
Global Endowment Management
North Carolina
$1.85M +$788K +10,500 +66%
Wolverine Trading
35
Wolverine Trading
Illinois
$1.74M -$398K -5,302 -18%
MWM
36
Meridian Wealth Management
Kentucky
$1.45M -$229K -3,057 -13%
Osaic Holdings
37
Osaic Holdings
Arizona
$1.41M -$334K -4,449 -18%
MA
38
Mutual Advisors
Nebraska
$1.33M +$1.37M +18,231 New
CA
39
Clearstead Advisors
Ohio
$1.15M +$421K +5,605 +52%
Rockefeller Capital Management
40
Rockefeller Capital Management
New York
$1.11M +$294K +3,918 +33%
MOS
41
MGO One Seven
Ohio
$983K +$2.03K +27 +0.2%
CAM
42
Cresset Asset Management
Illinois
$962K +$508K +6,765 +97%
EMAM
43
Encompass More Asset Management
California
$882K +$947K +12,615 New
NA
44
NewEdge Advisors
Louisiana
$834K +$18.8K +250 +2%
CI
45
Cavalier Investments
Georgia
$812K -$3.53K -47 -0.4%
Creative Planning
46
Creative Planning
Kansas
$790K -$40.9K -545 -5%
Squarepoint
47
Squarepoint
New York
$782K -$2.98M -39,653 -78%
N
48
Natixis
France
$748K +$263K +3,500 +49%
Truist Financial
49
Truist Financial
North Carolina
$713K +$120K +1,602 +19%
Mirae Asset Global Investments
50
Mirae Asset Global Investments
South Korea
$646K -$30K -400 -4%
1
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USO Hedge Fund Activity: Q3 2024 in Review

166 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q3 2024, worth a combined $460M — down 53% from $977M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of USO and 21 opened new positions — a net loss of 11 holders — while 43 trimmed existing stakes and 42 added.

The largest buyer was UBS Group, adding an estimated $43.8M. The largest seller was Jane Street, cutting an estimated $392M.

  • 166 institutional investors held United States Oil Fund (USO) as of Q3 2024, down from 179 in Q2 2024.
  • Funds reported $460M of United States Oil Fund stock for Q3 2024, down 53% quarter-over-quarter.
  • 21 funds opened new United States Oil Fund positions in Q3 2024 and 32 closed out, a net change of -11 holders.
  • The largest United States Oil Fund buyer in Q3 2024 was UBS Group, an estimated $43.8M added.
  • The largest United States Oil Fund seller in Q3 2024 was Jane Street, an estimated $392M sold.

Based on aggregated 13F filings for Q3 2024.