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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
Wells Fargo
51
Wells Fargo
California
$988K -$5.18M -71,390 -83%
PIA
52
Powell Investment Advisors
Florida
$964K +$1.05M +14,460 New
NA
53
NewEdge Advisors
Louisiana
$942K -$42.9K -591 -4%
MOS
54
MGO One Seven
Ohio
$917K +$149K +2,055 +18%
BHCM
55
Brevan Howard Capital Management
Jersey
$866K – – –
Creative Planning
56
Creative Planning
Kansas
$776K -$171K -2,358 -17%
CA
57
Clearstead Advisors
Ohio
$725K -$789K -10,883 -50%
SWA
58
Stratos Wealth Advisors
Ohio
$635K – – –
CIBC World Market
59
CIBC World Market
Ontario, Canada
$633K +$27.2K +375 +4%
GSEP
60
Golden State Equity Partners
California
$631K -$33.7K -465 -5%
GS
61
GTS Securities
New York
$570K +$620K +8,555 New
Mariner
62
Mariner
Kansas
$568K -$334K -4,600 -35%
Truist Financial
63
Truist Financial
North Carolina
$554K -$1.01K -14 -0.2%
WIP
64
WealthCare Investment Partners
Rhode Island
$538K – – –
TSS
65
Two Sigma Securities
New York
$495K +$539K +7,429 New
CA
66
Cetera Advisors
Colorado
$492K -$23.2K -320 -4%
MC
67
Moors & Cabot
Massachusetts
$489K +$334K +4,610 +169%
Qube Research & Technologies (QRT)
68
Qube Research & Technologies (QRT)
United Kingdom
$487K -$527K -7,266 -50%
KP
69
Keel Point
Alabama
$483K – – –
ASN
70
Advisory Services Network
Georgia
$479K -$1.64M -22,586 -76%
BCMLT
71
Beacon Capital Management LLC (Tennessee)
Tennessee
$470K +$421K +5,800 +38,667%
IAN
72
Integrated Advisors Network
Texas
$463K -$4.79K -66 -0.9%
US Bancorp
73
US Bancorp
Minnesota
$455K -$697K -9,608 -58%
CAM
74
Cresset Asset Management
Illinois
$452K – – –
JP Morgan Chase
75
JP Morgan Chase
New York
$439K -$7.92M -109,200 -94%
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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.