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United States Oil Fund
USO

166 hedge funds and large institutions have $518M invested in United States Oil Fund in 2023 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 29 increasing their positions, 44 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.81% more ownership

Funds ownership: 32.85% → 33.66% (+0.81%)

4% less capital invested

Capital invested by funds: $541M → $518M (-$22.4M)

9% less funds holding

Funds holding: 183 → 166 (-17)

13% less call options, than puts

Call options by funds: $1.13B | Put options by funds: $1.31B

34% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 44

42% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 38

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
166
Holders Change
-17
Holders Change %
-9.29%
% of All Funds
2.61%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
22
Increased
29
Reduced
44
Closed
38
Calls
$1.13B
Puts
$1.31B
Net Calls
-$176M
Net Calls Change
+$15.2M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$58.4M
2
FTUS
Flow Traders U.S.
New York
+$19.3M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$18.6M
4
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$13.1M
5
IMC Chicago
IMC Chicago
Illinois
+$10.4M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$76.5M
2
WHGC
Wealth High Governance Capital
Brazil
-$39.9M
3
Jane Street
Jane Street
New York
-$15.4M
4
CS
Credit Suisse
Switzerland
-$13.4M
5
BlackRock
BlackRock
New York
-$8.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
IAG
76
Investmark Advisory Group
Connecticut
$377K – – –
Mercer Global Advisors
77
Mercer Global Advisors
Colorado
$365K -$47.7K -731 -11%
SFC
78
Strategic Financial Concepts
Texas
$347K +$356K +5,459 New
MFG
79
Menard Financial Group
Texas
$328K – – –
FFS
80
Founders Financial Securities
Maryland
$320K – – –
LSA
81
Lion Street Advisors
Texas
$308K +$351K +5,389 New
BRWA
82
B. Riley Wealth Advisors
Florida
$301K -$15.5K -238 -5%
BSW
83
Buckingham Strategic Wealth
Missouri
$290K +$297K +4,562 New
LFG
84
Larson Financial Group
Missouri
$281K +$109K +1,674 +61%
SG Americas Securities
85
SG Americas Securities
New York
$274K -$97K -1,488 -26%
MTIM
86
Marathon Trading Investment Management
Pennsylvania
$267K -$26.3K -403 -9%
SMC
87
Smith, Moore & Co
Missouri
$265K – – –
WA
88
Waddell & Associates
Tennessee
$264K – – –
IWA
89
Intercontinental Wealth Advisors
Texas
$259K – – –
FHA
90
Flagship Harbor Advisors
Massachusetts
$251K – – –
CF
91
Cantor Fitzgerald
New York
$248K +$40.2K +616 +19%
KA
92
Kovack Advisors
Florida
$239K +$26.1K +400 +12%
TI
93
Truepoint Inc
Ohio
$237K -$652K -10,000 -73%
SCA
94
Snowden Capital Advisors
New York
$234K +$240K +3,687 New
MPM
95
Meritage Portfolio Management
Kansas
$222K – – –
JC
96
JB Capital
Connecticut
$220K – – –
BCM
97
Brookstone Capital Management
Illinois
$215K -$31.2K -479 -13%
SAM
98
Secure Asset Management
Michigan
$211K -$7.56K -116 -3%
MG
99
Marex Group
$211K +$216K +3,313 New
Cetera Investment Advisers
100
Cetera Investment Advisers
Illinois
$209K -$9K -138 -4%
2 3
4
5 6

USO Hedge Fund Activity: Q2 2023 in Review

166 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q2 2023, worth a combined $518M — down 4.1% from $541M a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of USO and 22 opened new positions — a net loss of 16 holders — while 44 trimmed existing stakes and 29 added.

The largest buyer was Citadel Advisors, adding an estimated $58.4M. The largest seller was Bank of America, cutting an estimated $76.5M.

  • 166 institutional investors held United States Oil Fund (USO) as of Q2 2023, down from 183 in Q1 2023.
  • Funds reported $518M of United States Oil Fund stock for Q2 2023, down 4.1% quarter-over-quarter.
  • 22 funds opened new United States Oil Fund positions in Q2 2023 and 38 closed out, a net change of -16 holders.
  • The largest United States Oil Fund buyer in Q2 2023 was Citadel Advisors, an estimated $58.4M added.
  • The largest United States Oil Fund seller in Q2 2023 was Bank of America, an estimated $76.5M sold.

Based on aggregated 13F filings for Q2 2023.