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United States Oil Fund
USO

188 hedge funds and large institutions have $885M invested in United States Oil Fund in 2023 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 36 increasing their positions, 46 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more capital invested

Capital invested by funds: $612M → $885M (+$273M)

28% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 39

19.47% more ownership

Funds ownership: 40.33% → 59.8% (+19%)

6% more funds holding

Funds holding: 177 → 188 (+11)

5% more call options, than puts

Call options by funds: $1.46B | Put options by funds: $1.4B

22% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 46

Holders
188
Holders Change
+11
Holders Change %
+6.21%
% of All Funds
2.74%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
50
Increased
36
Reduced
46
Closed
39
Calls
$1.46B
Puts
$1.4B
Net Calls
+$63.2M
Net Calls Change
+$417M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$143M
2
Goldman Sachs
Goldman Sachs
New York
+$123M
3
UBS Group
UBS Group
Switzerland
+$91.4M
4
Morgan Stanley
Morgan Stanley
New York
+$58.4M
5
IMC Chicago
IMC Chicago
Illinois
+$35.8M

Top Sellers

Rank Fund Capital Flow
1
Barclays
Barclays
United Kingdom
-$30M
2
Squarepoint
Squarepoint
New York
-$29.5M
3
Bank of America
Bank of America
North Carolina
-$15.7M
4
TRCT
Tower Research Capital (TRC)
New York
-$12.5M
5
Victory Capital Management
Victory Capital Management
Texas
-$9.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
SS
101
Simplicity Solutions
Minnesota
$244K +$265K +3,660 New
SG Americas Securities
102
SG Americas Securities
New York
$236K +$25.4K +351 +11%
MPM
103
Meritage Portfolio Management
Kansas
$233K – – –
ORAM
104
One River Asset Management
Connecticut
$225K +$245K +3,381 New
JC
105
JB Capital
Connecticut
$225K – – –
IAIM
106
International Assets Investment Management
Florida
$223K +$54.7K +755 +29%
SAM
107
Secure Asset Management
Michigan
$221K – – –
Mercer Global Advisors
108
Mercer Global Advisors
Colorado
$216K – – –
DAS
109
Dynamic Advisor Solutions
Arizona
$201K -$9.43K -130 -4%
AF
110
Allworth Financial
California
$200K +$163K +2,250 +300%
HT
111
Headlands Technologies
Illinois
$193K +$148K +2,038 +236%
CG
112
Cutler Group
California
$169K +$184K +2,544 New
TRCT
113
Tower Research Capital (TRC)
New York
$157K -$12.5M -171,927 -99%
SMFG
114
Sumitomo Mitsui Financial Group
Japan
$148K +$161K +2,215 New
QC
115
Quent Capital
New York
$128K – – –
CMA
116
Cedar Mountain Advisors
Oregon
$127K +$138K +1,900 New
Fifth Third Bancorp
117
Fifth Third Bancorp
Ohio
$125K – – –
MSG
118
Main Street Group
Virginia
$120K +$131K +1,800 New
TCBWMS
119
Texas Capital Bank Wealth Management Services
Texas
$116K +$4.35M +60,000 New
PS
120
Principal Securities
Iowa
$107K +$117K +1,611 New
FIA
121
FNY Investment Advisers
New York
$99K +$109K +1,500 New
GA
122
GoalVest Advisory
New York
$96.2K – – –
AT
123
Arlington Trust
Alabama
$90.4K +$98.3K +1,356 New
PNC Financial Services Group
124
PNC Financial Services Group
Pennsylvania
$89.4K -$36.3K -500 -27%
Carson Wealth (CWM LLC)
125
Carson Wealth (CWM LLC)
Nebraska
$79K +$27.2K +375 +46%
3 4
5
6 7

USO Hedge Fund Activity: Q4 2023 in Review

188 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2023, worth a combined $885M — up 45% from $612M a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new USO positions and 39 closed out — a net gain of 11 holders — while 36 added to existing stakes and 46 trimmed.

The largest buyer was Jane Street, adding an estimated $143M. The largest seller was Barclays, cutting an estimated $30M.

  • 188 institutional investors held United States Oil Fund (USO) as of Q4 2023, up from 177 in Q3 2023.
  • Funds reported $885M of United States Oil Fund stock for Q4 2023, up 45% quarter-over-quarter.
  • 50 funds opened new United States Oil Fund positions in Q4 2023 and 39 closed out, a net change of +11 holders.
  • The largest United States Oil Fund buyer in Q4 2023 was Jane Street, an estimated $143M added.
  • The largest United States Oil Fund seller in Q4 2023 was Barclays, an estimated $30M sold.

Based on aggregated 13F filings for Q4 2023.