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United States Oil Fund
USO

171 hedge funds and large institutions have $331M invested in United States Oil Fund in 2024 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 30 increasing their positions, 49 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 31

3% more funds holding

Funds holding: 166 → 171 (+5)

3% more call options, than puts

Call options by funds: $1.01B | Put options by funds: $975M

5.83% less ownership

Funds ownership: 37.4% → 31.57% (-5.8%)

28% less capital invested

Capital invested by funds: $460M → $331M (-$129M)

39% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 49

Holders
171
Holders Change
+5
Holders Change %
+3.01%
% of All Funds
2.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
37
Increased
30
Reduced
49
Closed
31
Calls
$1.01B
Puts
$975M
Net Calls
+$31M
Net Calls Change
-$763M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$26.5M
2
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$14.6M
3
JF
Jump Financial
Illinois
+$10.1M
4
Citigroup
Citigroup
New York
+$9.73M
5
Citadel Advisors
Citadel Advisors
Florida
+$8.52M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$71.2M
2
UBS Group
UBS Group
Switzerland
-$59.9M
3
Bank of America
Bank of America
North Carolina
-$28.9M
4
Morgan Stanley
Morgan Stanley
New York
-$23.8M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
FFA
151
Farther Finance Advisors
California
$3.17K – – –
MCM
152
Mainstream Capital Management
California
$3.1K +$3K +41 New
AIC
153
Archer Investment Corporation
Indiana
$3.02K – – –
WAM
154
WFA Asset Management
Wisconsin
$2.65K – – –
Northwestern Mutual Wealth Management
155
Northwestern Mutual Wealth Management
Wisconsin
$2.42K +$73 +1 +3%
RIL
156
Rothschild Investment LLC
Illinois
$2.34K – – –
MCM
157
MAI Capital Management
Ohio
$2.12K +$2.05K +28 New
BA
158
Bellwether Advisors
Nebraska
$1.64K +$1.61K +22 New
NFSG
159
Newbridge Financial Services Group
Florida
$1.59K +$1.53K +21 New
PA
160
Parallel Advisors
California
$1.28K -$6.07K -83 -83%
HT
161
Headlands Technologies
Illinois
$1.21K -$280K -3,832 -100%
BCMLT
162
Beacon Capital Management LLC (Tennessee)
Tennessee
$1.13K -$402K -5,505 -100%
WPA
163
West Paces Advisors
Georgia
$907 – – –
Fidelity Investments
164
Fidelity Investments
Massachusetts
$529 – – –
LIS
165
Legacy Investment Solutions
Idaho
$380 – – –
LWMI
166
Legacy Wealth Management (Idaho)
Idaho
$380 – – –
SAM
167
Synergy Asset Management
Washington
$350 +$365 +5 New
GSWM
168
Golden State Wealth Management
California
$302 +$292 +4 New
GPFA
169
Game Plan Financial Advisors
Ohio
$151 – – –
HI
170
Harbour Investments
Wisconsin
$151 – – –
SWM
171
Sugarloaf Wealth Management
Georgia
$76 – – –
IAIM
172
International Assets Investment Management
Florida
– -$2.11K -147,531 Closed
FP
173
FFG Partners
Florida
– -$5.33M -76,277 Closed
CC
174
Clearline Capital
New York
– -$5.32M -76,136 Closed
Simplex Trading
175
Simplex Trading
Illinois
– -$4.87M -66,596 Closed
5 6
7
8 9

USO Hedge Fund Activity: Q4 2024 in Review

171 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2024, worth a combined $331M — down 28% from $460M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new USO positions and 31 closed out — a net gain of 6 holders — while 30 added to existing stakes and 49 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $26.5M. The largest seller was Jane Street, cutting an estimated $71.2M.

  • 171 institutional investors held United States Oil Fund (USO) as of Q4 2024, up from 166 in Q3 2024.
  • Funds reported $331M of United States Oil Fund stock for Q4 2024, down 28% quarter-over-quarter.
  • 37 funds opened new United States Oil Fund positions in Q4 2024 and 31 closed out, a net change of +6 holders.
  • The largest United States Oil Fund buyer in Q4 2024 was Goldman Sachs, an estimated $26.5M added.
  • The largest United States Oil Fund seller in Q4 2024 was Jane Street, an estimated $71.2M sold.

Based on aggregated 13F filings for Q4 2024.