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United States Oil Fund
USO

180 hedge funds and large institutions have $831M invested in United States Oil Fund in 2024 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 35 increasing their positions, 48 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more call options, than puts

Call options by funds: $1.38B | Put options by funds: $1.15B

5.25% more ownership

Funds ownership: 59.8% → 65.05% (+5.3%)

4% less funds holding

Funds holding: 188 → 180 (-8)

6% less capital invested

Capital invested by funds: $885M → $831M (-$53.4M)

15% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 33

27% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 48

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
180
Holders Change
-8
Holders Change %
-4.26%
% of All Funds
2.59%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
28
Increased
35
Reduced
48
Closed
33
Calls
$1.38B
Puts
$1.15B
Net Calls
+$231M
Net Calls Change
+$168M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$109M
2
PL
Parkwood LLC
Ohio
+$61.2M
3
TRCT
Tower Research Capital (TRC)
New York
+$12.8M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$11.4M
5
Citigroup
Citigroup
New York
+$10.3M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$96M
2
Goldman Sachs
Goldman Sachs
New York
-$91.7M
3
Barclays
Barclays
United Kingdom
-$45M
4
Morgan Stanley
Morgan Stanley
New York
-$35.2M
5
IMC Chicago
IMC Chicago
Illinois
-$29M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFGS
151
Concourse Financial Group Securities
Alabama
$9.84K – – –
AF
152
Advisornet Financial
Minnesota
$8.03K – – –
CSWM
153
Cassady Schiller Wealth Management
Ohio
$7.87K – – –
SS
154
Sunbelt Securities
Texas
$7.87K – – –
SWM
155
Spire Wealth Management
Virginia
$7.64K – – –
FGAM
156
Financial Gravity Asset Management
Texas
$7.51K +$4.26K +59 +137%
APC
157
Aspire Private Capital
North Carolina
$7.24K – – –
EWA
158
EverSource Wealth Advisors
Alabama
$6.82K – – –
DKCM
159
Davidson Kempner Capital Management
New York
$6.06K +$5.56K +77 New
TWC
160
TD Waterhouse Canada
Ontario, Canada
$6.04K -$5.41K -75 -50%
FMP
161
Financial Management Professionals
Texas
$6K – – –
CA
162
Crewe Advisors
Utah
$5.91K – – –
RA
163
Rise Advisors
New York
$5.91K – – –
CT
164
Caldwell Trust
Florida
$5.91K +$5.41K +75 New
CA
165
Continuum Advisory
Idaho
$5.74K +$5.41K +75 New
FFA
166
Farther Finance Advisors
California
$3.74K +$361 +5 +12%
SWC
167
Spectrum Wealth Counsel
Indiana
$3.15K – – –
AIC
168
Archer Investment Corporation
Indiana
$3.15K +$2.89K +40 New
WAM
169
WFA Asset Management
Wisconsin
$2.76K – – –
Northwestern Mutual Wealth Management
170
Northwestern Mutual Wealth Management
Wisconsin
$2.52K -$216 -3 -9%
RIL
171
Rothschild Investment LLC
Illinois
$2.44K – – –
YAL
172
Your Advocates Ltd
Texas
$2.36K – – –
HT
173
Headlands Technologies
Illinois
$2.13K -$207K -2,875 -99%
CFD
174
Creative Financial Designs
Indiana
$1.18K -$21.6K -300 -95%
WPA
175
West Paces Advisors
Georgia
$945 – – –
5 6
7
8 9

USO Hedge Fund Activity: Q1 2024 in Review

180 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q1 2024, worth a combined $831M — down 6% from $885M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of USO and 28 opened new positions — a net loss of 5 holders — while 48 trimmed existing stakes and 35 added.

The largest buyer was Jane Street, adding an estimated $109M. The largest seller was UBS Group, cutting an estimated $96M.

  • 180 institutional investors held United States Oil Fund (USO) as of Q1 2024, down from 188 in Q4 2023.
  • Funds reported $831M of United States Oil Fund stock for Q1 2024, down 6% quarter-over-quarter.
  • 28 funds opened new United States Oil Fund positions in Q1 2024 and 33 closed out, a net change of -5 holders.
  • The largest United States Oil Fund buyer in Q1 2024 was Jane Street, an estimated $109M added.
  • The largest United States Oil Fund seller in Q1 2024 was UBS Group, an estimated $96M sold.

Based on aggregated 13F filings for Q1 2024.