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United States Oil Fund
USO

177 hedge funds and large institutions have $612M invested in United States Oil Fund in 2023 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 23 increasing their positions, 54 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

18% more capital invested

Capital invested by funds: $518M → $612M (+$93.2M)

6.66% more ownership

Funds ownership: 33.66% → 40.33% (+6.7%)

7% more funds holding

Funds holding: 166 → 177 (+11)

18% less call options, than puts

Call options by funds: $1.56B | Put options by funds: $1.91B

57% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 54

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
177
Holders Change
+11
Holders Change %
+6.63%
% of All Funds
2.81%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
42
Increased
23
Reduced
54
Closed
27
Calls
$1.56B
Puts
$1.91B
Net Calls
-$354M
Net Calls Change
-$178M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$90.5M
2
Barclays
Barclays
United Kingdom
+$68.1M
3
Bank of America
Bank of America
North Carolina
+$22M
4
Victory Capital Management
Victory Capital Management
Texas
+$18.6M
5
UBS Group
UBS Group
Switzerland
+$12.8M

Top Sellers

Rank Fund Capital Flow
1
SMFG
Sumitomo Mitsui Financial Group
Japan
-$61.5M
2
Citadel Advisors
Citadel Advisors
Florida
-$51.6M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$33.8M
4
CRAM
Compass Rose Asset Management
New York
-$22.2M
5
Morgan Stanley
Morgan Stanley
New York
-$13.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
76
Thrivent Financial for Lutherans
Minnesota
$358K +$324K +4,393 New
PCM
77
Prelude Capital Management
New York
$348K +$317K +4,300 New
Corient Private Wealth
78
Corient Private Wealth
Florida
$343K +$313K +4,241 New
MTIM
79
Marathon Trading Investment Management
Pennsylvania
$340K – – –
SMC
80
Smith, Moore & Co
Missouri
$338K – – –
WA
81
Waddell & Associates
Tennessee
$336K – – –
PI
82
PEAK6 Investments
Illinois
$326K -$149K -2,019 -33%
FHA
83
Flagship Harbor Advisors
Massachusetts
$319K – – –
TI
84
Truepoint Inc
Ohio
$302K – – –
N
85
Natixis
France
$299K +$88.5K +1,200 +48%
Envestnet Asset Management
86
Envestnet Asset Management
Illinois
$292K -$481K -6,527 -64%
BRWA
87
B. Riley Wealth Advisors
Florida
$285K -$89K -1,208 -26%
MPM
88
Meritage Portfolio Management
Kansas
$283K – – –
AAS
89
Ameritas Advisory Services
Nebraska
$276K +$253K +3,430 New
JC
90
JB Capital
Connecticut
$273K -$5.75K -78 -2%
SAM
91
Secure Asset Management
Michigan
$269K – – –
Mercer Global Advisors
92
Mercer Global Advisors
Colorado
$263K -$184K -2,500 -43%
SG Americas Securities
93
SG Americas Securities
New York
$259K -$82K -1,112 -26%
DAS
94
Dynamic Advisor Solutions
Arizona
$247K +$225K +3,049 New
AWM
95
Axxcess Wealth Management
California
$238K +$217K +2,947 New
SFS
96
Summit Financial Strategies
Ohio
$237K +$216K +2,925 New
BCM
97
Brookstone Capital Management
Illinois
$234K -$29.3K -398 -12%
FIA
98
Foundations Investment Advisors
Arizona
$222K +$202K +2,745 New
MC
99
Moors & Cabot
Massachusetts
$220K +$201K +2,725 New
IAIM
100
International Assets Investment Management
Florida
$214K +$190K +2,584 New
2 3
4
5 6

USO Hedge Fund Activity: Q3 2023 in Review

177 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q3 2023, worth a combined $612M — up 18% from $518M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new USO positions and 27 closed out — a net gain of 15 holders — while 23 added to existing stakes and 54 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $90.5M. The largest seller was Sumitomo Mitsui Financial Group, exiting entirely with an estimated $61.5M sold.

  • 177 institutional investors held United States Oil Fund (USO) as of Q3 2023, up from 166 in Q2 2023.
  • Funds reported $612M of United States Oil Fund stock for Q3 2023, up 18% quarter-over-quarter.
  • 42 funds opened new United States Oil Fund positions in Q3 2023 and 27 closed out, a net change of +15 holders.
  • The largest United States Oil Fund buyer in Q3 2023 was Goldman Sachs, an estimated $90.5M added.
  • The largest United States Oil Fund seller in Q3 2023 was Sumitomo Mitsui Financial Group, an estimated $61.5M sold.

Based on aggregated 13F filings for Q3 2023.