United States Oil Fund
148 hedge funds and large institutions have $441M invested in United States Oil Fund in 2025 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 30 increasing their positions, 39 reducing their positions, and 25 closing their positions.
0% more funds holding
Funds holding: 148 → 148 (0)
0% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 25
6% less capital invested
Capital invested by funds: $469M → $441M (-$28.8M)
10.44% less ownership
Funds ownership: 45.63% → 35.18% (-10%)
23% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 39
26% less call options, than puts
Call options by funds: $1.44B | Put options by funds: $1.95B
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$21.8M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
+$19.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$18.2M |
| 4 |
Goldman Sachs
New York
|
+$13.4M |
| 5 |
CIA
Corigliano Investment Advisers
Raleigh,
North Carolina
|
+$9.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$33.3M |
| 2 |
JG
Jain Global
New York
|
-$24M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$16M |
| 4 |
Barclays
London,
United Kingdom
|
-$12.3M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$11.6M |
USO Hedge Fund Activity: Q2 2025 in Review
148 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q2 2025, worth a combined $441M — down 6.1% from $469M a quarter earlier.
Fund positioning in USO was balanced in Q2 2025: 25 funds opened new positions, 25 closed out, 30 added to existing stakes and 39 trimmed.
The largest buyer was Quadrature Capital, adding an estimated $21.8M. The largest seller was Jane Street, cutting an estimated $33.3M.
- 148 institutional investors held United States Oil Fund (USO) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $441M of United States Oil Fund stock for Q2 2025, down 6.1% quarter-over-quarter.
- 25 funds opened new United States Oil Fund positions in Q2 2025 and 25 closed out, a net change of 0 holders.
- The largest United States Oil Fund buyer in Q2 2025 was Quadrature Capital, an estimated $21.8M added.
- The largest United States Oil Fund seller in Q2 2025 was Jane Street, an estimated $33.3M sold.
Based on aggregated 13F filings for Q2 2025.