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United States Oil Fund
USO

72 hedge funds and large institutions have $891M invested in United States Oil Fund in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 30 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

3.59% less ownership

Funds ownership: 24.07% → 20.48% (-3.6%)

4% less funds holding

Funds holding: 75 → 72 (-3)

18% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 17

28% less call options, than puts

Call options by funds: $793M | Put options by funds: $1.1B

47% less capital invested

Capital invested by funds: $1.67B → $891M (-$782M)

53% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 30

Holders
72
Holders Change
-3
Holders Change %
-4%
% of All Funds
2.09%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
14
Increased
14
Reduced
30
Closed
17
Calls
$793M
Puts
$1.1B
Net Calls
-$311M
Net Calls Change
-$291M

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$32.1M
2
Bank of America
Bank of America
North Carolina
+$14.2M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$8.51M
4
VF
Virtu Financial
New York
+$6.54M
5
SFG
SNS Financial Group
Minnesota
+$4.42M

Top Sellers

Rank Fund Capital Flow
1
MTIM
Marathon Trading Investment Management
Pennsylvania
-$292M
2
Morgan Stanley
Morgan Stanley
New York
-$178M
3
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$107M
4
Goldman Sachs
Goldman Sachs
New York
-$62.7M
5
SCA
SAC Capital Advisors
Connecticut
-$36.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
51
Creative Planning
Kansas
$110K -$10.7K -38 -9%
PMFA
52
Plante Moran Financial Advisors
Michigan
$109K +$108K +384 New
Ameriprise
53
Ameriprise
Minnesota
$78K -$826K -2,942 -91%
WEC
54
Winslow Evans & Crocker
Massachusetts
$69K +$68.3K +243 New
AIG
55
American International Group
New York
$59.8K +$27.5K +98 +86%
EWM
56
Elite Wealth Management
Washington
$57K -$856K -3,047 -94%
Toronto Dominion Bank
57
Toronto Dominion Bank
Ontario, Canada
$54K +$53.9K +192 New
MFS
58
MSI Financial Services
Massachusetts
$52K +$11K +39 +27%
PNC Financial Services Group
59
PNC Financial Services Group
Pennsylvania
$44K -$134K -477 -76%
RIA
60
Regal Investment Advisors
Michigan
$32K – – –
WA
61
WFG Advisors
Texas
$23K -$21.1K -75 -48%
M&T Bank
62
M&T Bank
New York
$18K – – –
PAS
63
Partnervest Advisory Services
California
$16K – – –
CHC
64
City Holding Co
West Virginia
$14K +$14K +50 New
BPBT
65
Boston Private Bank & Trust
Massachusetts
$11K – – –
SF
66
Synovus Financial
Georgia
$9K +$8.71K +31 New
AC
67
Alexandria Capital
Virginia
$4K – – –
BFEC
68
Benjamin F. Edwards & Company
Missouri
$4K – – –
Envestnet Asset Management
69
Envestnet Asset Management
Illinois
$3K – – –
Northwestern Mutual Wealth Management
70
Northwestern Mutual Wealth Management
Wisconsin
$2K -$6.74K -24 -80%
Canada Life
71
Canada Life
Manitoba, Canada
$2K – – –
Invesco
72
Invesco
Georgia
$1K – – –
SCA
73
SAC Capital Advisors
Connecticut
– -$36.9M -125,325 Closed
CC
74
Curian Capital
Colorado
– -$9.39M -31,869 Closed
Millennium Management
75
Millennium Management
New York
– -$7.42M -25,184 Closed
1 2
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USO Hedge Fund Activity: Q4 2013 in Review

72 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2013, worth a combined $891M — down 47% from $1.67B a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of USO and 14 opened new positions — a net loss of 3 holders — while 30 trimmed existing stakes and 14 added.

The largest buyer was Susquehanna International Group, adding an estimated $32.1M. The largest seller was Marathon Trading Investment Management, cutting an estimated $292M.

  • 72 institutional investors held United States Oil Fund (USO) as of Q4 2013, down from 75 in Q3 2013.
  • Funds reported $891M of United States Oil Fund stock for Q4 2013, down 47% quarter-over-quarter.
  • 14 funds opened new United States Oil Fund positions in Q4 2013 and 17 closed out, a net change of -3 holders.
  • The largest United States Oil Fund buyer in Q4 2013 was Susquehanna International Group, an estimated $32.1M added.
  • The largest United States Oil Fund seller in Q4 2013 was Marathon Trading Investment Management, an estimated $292M sold.

Based on aggregated 13F filings for Q4 2013.