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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

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

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
KTC
151
Kistler-Tiffany Companies
Pennsylvania
$4.13K +$4.24K +65 New
GI
152
Gradient Investments
Minnesota
$3.31K – – –
FFA
153
Farther Finance Advisors
California
$2.67K – – –
WAM
154
WFA Asset Management
Wisconsin
$2.23K – – –
YAL
155
Your Advocates Ltd
Texas
$1.91K – – –
TF
156
TimeScale Financial
Massachusetts
$1.84K – – –
FGAM
157
Financial Gravity Asset Management
Texas
$1.56K -$130 -2 -3%
First Manhattan
158
First Manhattan
New York
$1.14K – – –
BCMLT
159
Beacon Capital Management LLC (Tennessee)
Tennessee
$953 – – –
WPA
160
West Paces Advisors
Georgia
$763 – – –
SL
161
Savior LLC
Massachusetts
$572 – – –
Fidelity Investments
162
Fidelity Investments
Massachusetts
$445 – – –
HWA
163
HHM Wealth Advisors
Tennessee
$382 – – –
AWM
164
Avior Wealth Management
Nebraska
$317 – – –
ODG
165
O'Dell Group
Ohio
$191 +$196 +3 New
SWM
166
Sugarloaf Wealth Management
Georgia
$127 – – –
WHGC
167
Wealth High Governance Capital
Brazil
– -$39.9M -600,000 Closed
BlackRock
168
BlackRock
New York
– -$8.53M -128,374 Closed
KIA
169
Knollwood Investment Advisory
Maryland
– -$2.59M -38,915 Closed
Wolverine Trading
170
Wolverine Trading
Illinois
– -$2.3M -35,302 Closed
IFAM
171
Institutional & Family Asset Management
Colorado
– -$2.05M -30,799 Closed
PL
172
Parkwood LLC
Ohio
– -$981K -28,465 Closed
JP Morgan Chase
173
JP Morgan Chase
New York
– -$828K -12,466 Closed
SIA
174
SkyView Investment Advisors
New Jersey
– -$764K -11,500 Closed
OMC
175
Old Mission Capital
Illinois
– -$731K -11,000 Closed
5 6
7
8 9

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.