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United States Oil Fund
USO

177 hedge funds and large institutions have $612M invested in United States Oil Fund in 2023 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 23 increasing their positions, 54 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 27

18% more capital invested

Capital invested by funds: $518M → $612M (+$93.2M)

6.66% more ownership

Funds ownership: 33.66% → 40.33% (+6.7%)

7% more funds holding

Funds holding: 166 → 177 (+11)

18% less call options, than puts

Call options by funds: $1.56B | Put options by funds: $1.91B

57% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 54

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
177
Holders Change
+11
Holders Change %
+6.63%
% of All Funds
2.81%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
42
Increased
23
Reduced
54
Closed
27
Calls
$1.56B
Puts
$1.91B
Net Calls
-$354M
Net Calls Change
-$178M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$90.5M
2
Barclays
Barclays
United Kingdom
+$68.1M
3
Bank of America
Bank of America
North Carolina
+$22M
4
Victory Capital Management
Victory Capital Management
Texas
+$18.6M
5
UBS Group
UBS Group
Switzerland
+$12.8M

Top Sellers

Rank Fund Capital Flow
1
SMFG
Sumitomo Mitsui Financial Group
Japan
-$61.5M
2
Citadel Advisors
Citadel Advisors
Florida
-$51.6M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$33.8M
4
CRAM
Compass Rose Asset Management
New York
-$22.2M
5
Morgan Stanley
Morgan Stanley
New York
-$13.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSWM
151
Cassady Schiller Wealth Management
Ohio
$8.09K – – –
SS
152
Sunbelt Securities
Texas
$8.09K – – –
NC
153
NewSquare Capital
Pennsylvania
$7.92K – – –
APC
154
Aspire Private Capital
North Carolina
$7.44K – – –
CAS
155
Coppell Advisory Solutions
Texas
$7.43K +$1.55K +21 +25%
EWA
156
EverSource Wealth Advisors
Alabama
$7.04K +$6.41K +87 New
PCM
157
Penserra Capital Management
California
$7K +$6.86K +93 New
CA
158
Crewe Advisors
Utah
$6.07K – – –
CFB
159
Cullen/Frost Bankers
Texas
$6.07K – – –
RA
160
Rise Advisors
New York
$6.07K – – –
BWL
161
Bogart Wealth LLC
Virginia
$4.37K +$3.98K +54 New
GI
162
Gradient Investments
Minnesota
$4.21K – – –
LFA
163
LGT Financial Advisors
Texas
$4.04K +$3.69K +50 New
FFA
164
Farther Finance Advisors
California
$3.4K – – –
WAM
165
WFA Asset Management
Wisconsin
$2.83K – – –
Northwestern Mutual Wealth Management
166
Northwestern Mutual Wealth Management
Wisconsin
$2.51K -$51.4K -697 -96%
YAL
167
Your Advocates Ltd
Texas
$2.43K – – –
GWSA
168
Global Wealth Strategies & Associates
Colorado
$2.02K +$1.84K +25 New
GWM
169
Geneos Wealth Management
Colorado
$1.13K +$1.03K +14 New
WPA
170
West Paces Advisors
Georgia
$970 – – –
BCMLT
171
Beacon Capital Management LLC (Tennessee)
Tennessee
$953 – – –
SL
172
Savior LLC
Massachusetts
$728 – – –
Fidelity Investments
173
Fidelity Investments
Massachusetts
$566 – – –
HWA
174
HHM Wealth Advisors
Tennessee
$486 – – –
AWM
175
Avior Wealth Management
Nebraska
$404 – – –
5 6
7
8 9

USO Hedge Fund Activity: Q3 2023 in Review

177 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q3 2023, worth a combined $612M — up 18% from $518M a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new USO positions and 27 closed out — a net gain of 15 holders — while 23 added to existing stakes and 54 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $90.5M. The largest seller was Sumitomo Mitsui Financial Group, exiting entirely with an estimated $61.5M sold.

  • 177 institutional investors held United States Oil Fund (USO) as of Q3 2023, up from 166 in Q2 2023.
  • Funds reported $612M of United States Oil Fund stock for Q3 2023, up 18% quarter-over-quarter.
  • 42 funds opened new United States Oil Fund positions in Q3 2023 and 27 closed out, a net change of +15 holders.
  • The largest United States Oil Fund buyer in Q3 2023 was Goldman Sachs, an estimated $90.5M added.
  • The largest United States Oil Fund seller in Q3 2023 was Sumitomo Mitsui Financial Group, an estimated $61.5M sold.

Based on aggregated 13F filings for Q3 2023.