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United States Oil Fund
USO

183 hedge funds and large institutions have $541M invested in United States Oil Fund in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 37 increasing their positions, 60 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

3.84% less ownership

Funds ownership: 36.69% → 32.85% (-3.8%)

9% less funds holding

Funds holding: 200 → 183 (-17)

14% less call options, than puts

Call options by funds: $1.22B | Put options by funds: $1.41B

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

27% less capital invested

Capital invested by funds: $740M → $541M (-$200M)

33% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 33

38% less repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 60

Holders
183
Holders Change
-17
Holders Change %
-8.5%
% of All Funds
2.92%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
22
Increased
37
Reduced
60
Closed
33
Calls
$1.22B
Puts
$1.41B
Net Calls
-$191M
Net Calls Change
-$508M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$70.4M
2
WHGC
Wealth High Governance Capital
Brazil
+$40M
3
CRAM
Compass Rose Asset Management
New York
+$23.3M
4
Goldman Sachs
Goldman Sachs
New York
+$20.1M
5
Squarepoint
Squarepoint
New York
+$11.4M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$65.1M
2
JFG
Jefferies Financial Group
New York
-$43.5M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$42.2M
4
N
Natixis
France
-$35.8M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$35.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CB
151
CNB Bank
Pennsylvania
$8.64K – – –
CFGS
152
Concourse Financial Group Securities
Alabama
$8.3K – – –
PFBT
153
Parkside Financial Bank & Trust
Missouri
$8.3K – – –
HGERS
154
Householder Group Estate & Retirement Specialist
Arizona
$7K +$7.27K +109 New
AF
155
Advisornet Financial
Minnesota
$6.78K – – –
CSWM
156
Cassady Schiller Wealth Management
Ohio
$6.64K – – –
SS
157
Sunbelt Securities
Texas
$6.53K +$6.67K +100 New
NC
158
NewSquare Capital
Pennsylvania
$6.51K +$6.53K +98 New
TWA
159
TCI Wealth Advisors
Arizona
$6.38K – – –
APC
160
Aspire Private Capital
North Carolina
$6.11K -$6.67K -100 -52%
CFB
161
Cullen/Frost Bankers
Texas
$4.98K – – –
RA
162
Rise Advisors
New York
$4.98K – – –
GI
163
Gradient Investments
Minnesota
$3.46K – – –
MWC
164
MBM Wealth Consultants
Missouri
$3K – – –
FFA
165
Farther Finance Advisors
California
$2.79K – – –
WAM
166
WFA Asset Management
Wisconsin
$2.33K – – –
Northwestern Mutual Wealth Management
167
Northwestern Mutual Wealth Management
Wisconsin
$2.06K – – –
Commonwealth Equity Services
168
Commonwealth Equity Services
Massachusetts
$2.04K +$677K +10,160 +50%
YAL
169
Your Advocates Ltd
Texas
$1.99K – – –
TF
170
TimeScale Financial
Massachusetts
$1.93K -$200 -3 -9%
First Manhattan
171
First Manhattan
New York
$1.2K – – –
WAS
172
Winch Advisory Services
Wisconsin
$1K +$1.13K +17 New
BCMLT
173
Beacon Capital Management LLC (Tennessee)
Tennessee
$997 – – –
SIS
174
Sound Income Strategies
Florida
$997 +$1K +15 New
WPA
175
West Paces Advisors
Georgia
$797 – – –
5 6
7
8 9

USO Hedge Fund Activity: Q1 2023 in Review

183 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q1 2023, worth a combined $541M — down 27% from $740M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of USO and 22 opened new positions — a net loss of 11 holders — while 60 trimmed existing stakes and 37 added.

The largest buyer was Bank of America, adding an estimated $70.4M. The largest seller was Citadel Advisors, cutting an estimated $65.1M.

  • 183 institutional investors held United States Oil Fund (USO) as of Q1 2023, down from 200 in Q4 2022.
  • Funds reported $541M of United States Oil Fund stock for Q1 2023, down 27% quarter-over-quarter.
  • 22 funds opened new United States Oil Fund positions in Q1 2023 and 33 closed out, a net change of -11 holders.
  • The largest United States Oil Fund buyer in Q1 2023 was Bank of America, an estimated $70.4M added.
  • The largest United States Oil Fund seller in Q1 2023 was Citadel Advisors, an estimated $65.1M sold.

Based on aggregated 13F filings for Q1 2023.