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United States Oil Fund
USO

148 hedge funds and large institutions have $441M invested in United States Oil Fund in 2025 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 30 increasing their positions, 39 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 148 → 148 (0)

0% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 25

6% less capital invested

Capital invested by funds: $469M → $441M (-$28.8M)

10.44% less ownership

Funds ownership: 45.63% → 35.18% (-10%)

23% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 39

26% less call options, than puts

Call options by funds: $1.44B | Put options by funds: $1.95B

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
148
Holders Change
–
Holders Change %
0%
% of All Funds
1.95%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
25
Increased
30
Reduced
39
Closed
25
Calls
$1.44B
Puts
$1.95B
Net Calls
-$514M
Net Calls Change
-$746M

Top Buyers

Rank Fund Capital Flow
1
QC
Quadrature Capital
United Kingdom
+$21.8M
2
IMC Chicago
IMC Chicago
Illinois
+$19.1M
3
Citadel Advisors
Citadel Advisors
Florida
+$18.2M
4
Goldman Sachs
Goldman Sachs
New York
+$13.4M
5
CIA
Corigliano Investment Advisers
North Carolina
+$9.46M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$33.3M
2
JG
Jain Global
New York
-$24M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$16M
4
Barclays
Barclays
United Kingdom
-$12.3M
5
Bank of America
Bank of America
North Carolina
-$11.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
PMFA
126
Plante Moran Financial Advisors
Michigan
$9.21K – – –
PFBT
127
Parkside Financial Bank & Trust
Missouri
$9.14K – – –
AssetMark Inc
128
AssetMark Inc
California
$8.85K +$8.45K +121 New
QWM
129
Quaker Wealth Management
New Jersey
$7.75K +$7.4K +106 New
SS
130
Sunbelt Securities
Texas
$7.55K – – –
HNB
131
Huntington National Bank
Ohio
$7.31K – – –
CTB
132
Country Trust Bank
Illinois
$6.87K +$6.57K +94 New
EWA
133
EverSource Wealth Advisors
Alabama
$6.36K – – –
AAS
134
Ameritas Advisory Services
Nebraska
$6.29K +$6.01K +86 New
CA
135
Crewe Advisors
Utah
$5.48K – – –
DRP
136
Decker Retirement Planning
Utah
$4.97K +$4.75K +68 New
IWM
137
Inlight Wealth Management
Georgia
$4.53K – – –
Russell Investments Group
138
Russell Investments Group
United Kingdom
$3.8K +$3.63K +52 New
GC
139
Garde Capital
Washington
$3.66K – – –
SHF
140
Safe Harbor Fiduciary
Florida
$3.66K – – –
AIC
141
Archer Investment Corporation
Indiana
$2.92K – – –
WAM
142
WFA Asset Management
Wisconsin
$2.79K – – –
RIL
143
Rothschild Investment LLC
Illinois
$2.71K – – –
MCM
144
MAI Capital Management
Ohio
$2.05K – – –
SPIA
145
Steward Partners Investment Advisory
New York
$2.05K +$1.96K +28 New
SWM
146
Spire Wealth Management
Virginia
$1.46K +$1.4K +20 New
PA
147
Parallel Advisors
California
$1.24K – – –
GPFA
148
Game Plan Financial Advisors
Ohio
$146 – – –
VWM
149
Vermillion Wealth Management
Minnesota
$73 – – –
Qube Research & Technologies (QRT)
150
Qube Research & Technologies (QRT)
United Kingdom
– -$5.81M -75,099 Closed
3 4 5
6
7

USO Hedge Fund Activity: Q2 2025 in Review

148 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q2 2025, worth a combined $441M — down 6.1% from $469M a quarter earlier.

Fund positioning in USO was balanced in Q2 2025: 25 funds opened new positions, 25 closed out, 30 added to existing stakes and 39 trimmed.

The largest buyer was Quadrature Capital, adding an estimated $21.8M. The largest seller was Jane Street, cutting an estimated $33.3M.

  • 148 institutional investors held United States Oil Fund (USO) as of Q2 2025, unchanged from Q1 2025.
  • Funds reported $441M of United States Oil Fund stock for Q2 2025, down 6.1% quarter-over-quarter.
  • 25 funds opened new United States Oil Fund positions in Q2 2025 and 25 closed out, a net change of 0 holders.
  • The largest United States Oil Fund buyer in Q2 2025 was Quadrature Capital, an estimated $21.8M added.
  • The largest United States Oil Fund seller in Q2 2025 was Jane Street, an estimated $33.3M sold.

Based on aggregated 13F filings for Q2 2025.