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United States Oil Fund
USO

61 hedge funds and large institutions have $625M invested in United States Oil Fund in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.61% less ownership

Funds ownership: 14.86% → 11.25% (-3.6%)

18% less funds holding

Funds holding: 74 → 61 (-13)

20% less capital invested

Capital invested by funds: $785M → $625M (-$160M)

21% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 24

27% less call options, than puts

Call options by funds: $583M | Put options by funds: $796M

54% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 24

Holders
61
Holders Change
-13
Holders Change %
-17.57%
% of All Funds
1.77%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
19
Reduced
24
Closed
24
Calls
$583M
Puts
$796M
Net Calls
-$214M
Net Calls Change
-$74.9M

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$50.9M
2
Deutsche Bank
Deutsche Bank
Germany
+$36.8M
3
Nomura Holdings
Nomura Holdings
Japan
+$18.2M
4
SG Americas Securities
SG Americas Securities
New York
+$16.6M
5
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$13.5M

Top Sellers

Rank Fund Capital Flow
1
Citigroup
Citigroup
New York
-$106M
2
Morgan Stanley
Morgan Stanley
New York
-$62.1M
3
Goldman Sachs
Goldman Sachs
New York
-$39.5M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$11.8M
5
AIM
Assured Investment Management
New York
-$5.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
WEC
51
Winslow Evans & Crocker
Massachusetts
$24.1K -$7.21K -25 -22%
EWM
52
Elite Wealth Management
Washington
$23K -$1.22M -4,234 -98%
AIG
53
American International Group
New York
$21.3K -$32K -111 -59%
WA
54
WFG Advisors
Texas
$19K -$1.73K -6 -8%
BPBT
55
Boston Private Bank & Trust
Massachusetts
$11K – – –
TRCT
56
Tower Research Capital (TRC)
New York
$7K +$7.21K +25 New
Canada Life
57
Canada Life
Manitoba, Canada
$5K – – –
NFG
58
Next Financial Group
Texas
$5K +$5.48K +19 New
AC
59
Alexandria Capital
Virginia
$4K – – –
LFR
60
Lehman Financial Resources
Pennsylvania
$2K +$2.31K +8 New
Envestnet Asset Management
61
Envestnet Asset Management
Illinois
$1K -$129K -448 -99%
VF
62
Virtu Financial
New York
– -$5.42M -17,430 Closed
BCM
63
BBT Capital Management
Texas
– -$1.94M -6,250 Closed
N
64
Natixis
France
– -$1.5M -4,838 Closed
CPS
65
Counsel Portfolio Services
Ontario, Canada
– -$1.32M -4,236 Closed
MLM
66
Mount Lucas Management
Pennsylvania
– -$1.32M -4,236 Closed
Bank of New York Mellon
67
Bank of New York Mellon
New York
– -$1.13M -3,632 Closed
CS
68
Comerica Securities
Michigan
– -$1.13M -3,628 Closed
CIBC World Market
69
CIBC World Market
Ontario, Canada
– -$1.03M -3,313 Closed
Millennium Management
70
Millennium Management
New York
– -$972K -3,125 Closed
WC
71
Wexford Capital
Florida
– -$686K -2,205 Closed
DAS
72
Dynamic Advisor Solutions
Arizona
– -$622K -2,001 Closed
MTIM
73
Marathon Trading Investment Management
Pennsylvania
– -$400K -1,388 Closed
SPL
74
Smart Portfolios LLC
Washington
– -$338K -1,220 Closed
ID
75
Integral Derivatives
New York
– -$248K -797 Closed
1 2
3
4

USO Hedge Fund Activity: Q3 2014 in Review

61 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q3 2014, worth a combined $625M — down 20% from $785M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of USO and 11 opened new positions — a net loss of 13 holders — while 24 trimmed existing stakes and 19 added.

The largest buyer was Credit Suisse, adding an estimated $50.9M. The largest seller was Citigroup, cutting an estimated $106M.

  • 61 institutional investors held United States Oil Fund (USO) as of Q3 2014, down from 74 in Q2 2014.
  • Funds reported $625M of United States Oil Fund stock for Q3 2014, down 20% quarter-over-quarter.
  • 11 funds opened new United States Oil Fund positions in Q3 2014 and 24 closed out, a net change of -13 holders.
  • The largest United States Oil Fund buyer in Q3 2014 was Credit Suisse, an estimated $50.9M added.
  • The largest United States Oil Fund seller in Q3 2014 was Citigroup, an estimated $106M sold.

Based on aggregated 13F filings for Q3 2014.