United States Oil Fund
66 hedge funds and large institutions have $661M invested in United States Oil Fund in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 13 increasing their positions, 33 reducing their positions, and 17 closing their positions.
7% less call options, than puts
Call options by funds: $693M | Put options by funds: $743M
7.04% less ownership
Funds ownership: 20.48% → 13.45% (-7%)
8% less funds holding
Funds holding: 72 → 66 (-6)
26% less capital invested
Capital invested by funds: $891M → $661M (-$230M)
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
61% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$30.2M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.47M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$2.8M |
| 4 |
SG Americas Securities
New York
|
+$2.12M |
| 5 |
CC
Curian Capital
Denver,
Colorado
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$88.1M |
| 2 |
Goldman Sachs
New York
|
-$60.6M |
| 3 |
Citigroup
New York
|
-$35.8M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$28M |
| 5 |
Barclays
London,
United Kingdom
|
-$17.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJA
76
Raymond James & Associates
St Petersburg,
Florida
| – | -$505K | -1,788 | Closed |
|
|
SCM
77
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$331K | -1,172 | Closed |
|
|
JG
78
Jefferies Group
New York
| – | -$208K | -738 | Closed |
|
|
PMFA
79
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$109K | -384 | Closed |
|
|
RIA
80
Regal Investment Advisors
Kentwood,
Michigan
| – | -$32K | -113 | Closed |
|
|
SF
81
Synovus Financial
Columbus,
Georgia
| – | -$9K | -31 | Closed |
|
82
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -6 | Closed |
|
83
Invesco
Atlanta,
Georgia
| – | -$1K | -3 | Closed |
|
USO Hedge Fund Activity: Q1 2014 in Review
66 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q1 2014, worth a combined $661M — down 26% from $891M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of USO and 12 opened new positions — a net loss of 5 holders — while 33 trimmed existing stakes and 13 added.
The largest buyer was Morgan Stanley, adding an estimated $30.2M. The largest seller was Credit Suisse, cutting an estimated $88.1M.
- 66 institutional investors held United States Oil Fund (USO) as of Q1 2014, down from 72 in Q4 2013.
- Funds reported $661M of United States Oil Fund stock for Q1 2014, down 26% quarter-over-quarter.
- 12 funds opened new United States Oil Fund positions in Q1 2014 and 17 closed out, a net change of -5 holders.
- The largest United States Oil Fund buyer in Q1 2014 was Morgan Stanley, an estimated $30.2M added.
- The largest United States Oil Fund seller in Q1 2014 was Credit Suisse, an estimated $88.1M sold.
Based on aggregated 13F filings for Q1 2014.