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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

Rank Fund Capital Flow
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

Rank Fund Capital Flow
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
HCM
126
Hollencrest Capital Management
California
$35.1K – – –
NFSG
127
Newbridge Financial Services Group
Florida
$35K – – –
S
128
SignatureFD
Georgia
$32.2K – – –
SIC
129
Salem Investment Counselors
North Carolina
$31.8K – – –
CP
130
Castleview Partners
Texas
$31.3K – – –
CMA
131
Cedar Mountain Advisors
Oregon
$25.4K +$26.1K +400 New
FDCDDQ
132
Federation des caisses Desjardins du Quebec
Quebec, Canada
$23K – – –
CFD
133
Creative Financial Designs
Indiana
$21.6K – – –
RG
134
Retirement Group
California
$19.8K – – –
Royal Bank of Canada
135
Royal Bank of Canada
Ontario, Canada
$17K – – –
HI
136
Harbour Investments
Wisconsin
$16.3K +$4.04K +62 +32%
PMFA
137
Plante Moran Financial Advisors
Michigan
$14.4K – – –
SWM
138
Spire Wealth Management
Virginia
$8.71K -$2.02K -31 -18%
CB
139
CNB Bank
Pennsylvania
$8.26K – – –
PFBT
140
Parkside Financial Bank & Trust
Missouri
$7.94K – – –
CFGS
141
Concourse Financial Group Securities
Alabama
$7.94K – – –
AF
142
Advisornet Financial
Minnesota
$6.48K – – –
CSWM
143
Cassady Schiller Wealth Management
Ohio
$6.36K – – –
SS
144
Sunbelt Securities
Texas
$6.36K – – –
NC
145
NewSquare Capital
Pennsylvania
$6.23K – – –
APC
146
Aspire Private Capital
North Carolina
$5.85K – – –
CAS
147
Coppell Advisory Solutions
Texas
$5.38K +$5.54K +85 New
CA
148
Crewe Advisors
Utah
$4.77K -$81.4K -1,249 -94%
CFB
149
Cullen/Frost Bankers
Texas
$4.77K – – –
RA
150
Rise Advisors
New York
$4.77K – – –
4 5
6
7 8

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.