United States Oil Fund
74 hedge funds and large institutions have $785M invested in United States Oil Fund in 2014 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 20 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
25% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 20
19% more capital invested
Capital invested by funds: $661M → $785M (+$124M)
12% more funds holding
Funds holding: 66 → 74 (+8)
1.41% more ownership
Funds ownership: 13.45% → 14.86% (+1.4%)
16% less call options, than puts
Call options by funds: $733M | Put options by funds: $872M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$36.8M |
| 2 |
Morgan Stanley
New York
|
+$35.2M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$21.5M |
| 4 |
AIM
Assured Investment Management
New York
|
+$8.54M |
| 5 |
Citigroup
New York
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$38.2M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$5.19M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.02M |
| 4 |
JP Morgan Chase
New York
|
-$3.3M |
| 5 |
SG Americas Securities
New York
|
-$2.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
76
Curian Capital
Denver,
Colorado
| – | -$1.21M | -4,125 | Closed |
|
77
Jane Street
New York
| – | -$546K | -1,864 | Closed |
|
|
AC
78
Andromeda Capital
White Plains,
New York
| – | -$405K | -1,350 | Closed |
|
79
Walleye Trading
New York
| – | -$401K | -1,335 | Closed |
|
|
CL
80
CSS LLC
Chicago,
Illinois
| – | -$293K | -975 | Closed |
|
|
ACMI
81
Amida Capital Management II
New York
| – | -$146K | -500 | Closed |
|
|
GT
82
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$18K | -63 | Closed |
|
|
CHC
83
City Holding Co
Charleston,
West Virginia
| – | -$15K | -50 | Closed |
|
|
DADC
84
D.A. Davidson & Co
Great Falls,
Montana
| – | -$5K | -20 | Closed |
|
USO Hedge Fund Activity: Q2 2014 in Review
74 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q2 2014, worth a combined $785M — up 19% from $661M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new USO positions and 10 closed out — a net gain of 8 holders — while 25 added to existing stakes and 20 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $36.8M. The largest seller was Credit Suisse, cutting an estimated $38.2M.
- 74 institutional investors held United States Oil Fund (USO) as of Q2 2014, up from 66 in Q1 2014.
- Funds reported $785M of United States Oil Fund stock for Q2 2014, up 19% quarter-over-quarter.
- 18 funds opened new United States Oil Fund positions in Q2 2014 and 10 closed out, a net change of +8 holders.
- The largest United States Oil Fund buyer in Q2 2014 was Goldman Sachs, an estimated $36.8M added.
- The largest United States Oil Fund seller in Q2 2014 was Credit Suisse, an estimated $38.2M sold.
Based on aggregated 13F filings for Q2 2014.