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United States Oil Fund
USO

171 hedge funds and large institutions have $331M invested in United States Oil Fund in 2024 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 30 increasing their positions, 49 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 31

3% more funds holding

Funds holding: 166 → 171 (+5)

3% more call options, than puts

Call options by funds: $1.01B | Put options by funds: $975M

5.83% less ownership

Funds ownership: 37.4% → 31.57% (-5.8%)

28% less capital invested

Capital invested by funds: $460M → $331M (-$129M)

39% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 49

Holders
171
Holders Change
+5
Holders Change %
+3.01%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
37
Increased
30
Reduced
49
Closed
31
Calls
$1.01B
Puts
$975M
Net Calls
+$31M
Net Calls Change
-$763M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$26.5M
2
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$14.6M
3
JF
Jump Financial
Illinois
+$10.1M
4
Citigroup
Citigroup
New York
+$9.73M
5
Citadel Advisors
Citadel Advisors
Florida
+$8.52M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$71.2M
2
UBS Group
UBS Group
Switzerland
-$59.9M
3
Bank of America
Bank of America
North Carolina
-$28.9M
4
Morgan Stanley
Morgan Stanley
New York
-$23.8M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
SA
76
Sanctuary Advisors
Indiana
$277K -$7.53K -103 -3%
Wealth Enhancement Advisory Services
77
Wealth Enhancement Advisory Services
Minnesota
$274K – – –
GEM
78
Global Endowment Management
North Carolina
$264K -$1.68M -23,000 -87%
JP Morgan Chase
79
JP Morgan Chase
New York
$264K -$2.81M -38,412 -92%
Corient Private Wealth
80
Corient Private Wealth
Florida
$258K -$21K -287 -8%
JC
81
JB Capital
Connecticut
$255K – – –
SAM
82
Secure Asset Management
Michigan
$251K – – –
ACM
83
Ascent Capital Management
Oregon
$248K +$240K +3,278 New
NL
84
NWAM LLC
Washington
$221K +$214K +2,926 New
SFS
85
Summit Financial Strategies
Ohio
$221K – – –
SSA
86
Schonfeld Strategic Advisors
New York
$220K -$2.93M -40,103 -93%
FIA
87
Foundations Investment Advisors
Arizona
$219K +$212K +2,899 New
BCI
88
Brinker Capital Investments
Pennsylvania
$214K +$207K +2,835 New
OPS
89
Orion Portfolio Solutions
Nebraska
$214K +$207K +2,835 New
MTIM
90
Marathon Trading Investment Management
Pennsylvania
$209K +$19.9K +272 +11%
AF
91
Allworth Financial
California
$183K -$53.1K -727 -24%
QC
92
Quent Capital
New York
$145K – – –
CIR
93
Clear Investment Research
Georgia
$132K – – –
MFG
94
Menard Financial Group
Texas
$130K +$126K +1,726 New
US Bancorp
95
US Bancorp
Minnesota
$127K +$43.9K +600 +56%
MSG
96
Main Street Group
Virginia
$115K – – –
Royal Bank of Canada
97
Royal Bank of Canada
Ontario, Canada
$113K +$24.6K +337 +29%
PS
98
Principal Securities
Iowa
$110K -$2.19K -30 -2%
GA
99
GoalVest Advisory
New York
$109K – – –
AT
100
Arlington Trust
Alabama
$102K – – –
2 3
4
5 6

USO Hedge Fund Activity: Q4 2024 in Review

171 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2024, worth a combined $331M — down 28% from $460M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new USO positions and 31 closed out — a net gain of 6 holders — while 30 added to existing stakes and 49 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $26.5M. The largest seller was Jane Street, cutting an estimated $71.2M.

  • 171 institutional investors held United States Oil Fund (USO) as of Q4 2024, up from 166 in Q3 2024.
  • Funds reported $331M of United States Oil Fund stock for Q4 2024, down 28% quarter-over-quarter.
  • 37 funds opened new United States Oil Fund positions in Q4 2024 and 31 closed out, a net change of +6 holders.
  • The largest United States Oil Fund buyer in Q4 2024 was Goldman Sachs, an estimated $26.5M added.
  • The largest United States Oil Fund seller in Q4 2024 was Jane Street, an estimated $71.2M sold.

Based on aggregated 13F filings for Q4 2024.