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United States Oil Fund

148 hedge funds and large institutions have $469M invested in United States Oil Fund in 2025 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 31 increasing their positions, 45 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more capital invested

Capital invested by funds: $331M → $469M (+$138M)

29% more call options, than puts

Call options by funds: $1.03B | Put options by funds: $796M

14.05% more ownership

Funds ownership: 31.57%45.63% (+14%)

13% less funds holding

Funds holding: 171148 (-23)

31% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 45

46% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 39

Holders
148
Holders Change
-23
Holders Change %
-13.45%
% of All Funds
1.98%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
21
Increased
31
Reduced
45
Closed
39
Calls
$1.03B
Puts
$796M
Net Calls
+$232M
Net Calls Change
+$201M
Name Holding Trade Value Shares
Change
Change in
Stake
Citadel Advisors
151
Citadel Advisors
Florida
-$8.89M -116,509 Closed
Hudson Bay Capital Management
152
Hudson Bay Capital Management
Connecticut
-$1.96M -26,000 Closed
IUHSA
153
Itau Unibanco Holding S.A.
Brazil
-$1.1M -14,600 Closed
VFA
154
Valeo Financial Advisors
Indiana
-$36.6K -13,347 Closed
Kovitz Investment Group Partners
155
Kovitz Investment Group Partners
Illinois
-$958K -12,683 Closed
CI
156
Cavalier Investments
Georgia
-$908K -12,022 Closed
UWS
157
Unique Wealth Strategies
Illinois
-$626K -8,280 Closed
KWM
158
Keebeck Wealth Management
Illinois
-$572K -7,500 Closed
Mercer Global Advisors
159
Mercer Global Advisors
Colorado
-$409K -5,412 Closed
MG
160
Marex Group
-$378K -4,999 Closed
Wealth Enhancement Advisory Services
161
Wealth Enhancement Advisory Services
Minnesota
-$274K -3,632 Closed
GEM
162
Global Endowment Management
North Carolina
-$264K -3,500 Closed
Corient Private Wealth
163
Corient Private Wealth
Florida
-$258K -3,418 Closed
ACM
164
Ascent Capital Management
Oregon
-$248K -3,278 Closed
NL
165
NWAM LLC
Washington
-$221K -2,926 Closed
SSA
166
Schonfeld Strategic Advisors
New York
-$220K -2,914 Closed
BCI
167
Brinker Capital Investments
Pennsylvania
-$214K -2,835 Closed
OPS
168
Orion Portfolio Solutions
Nebraska
-$214K -2,835 Closed
MFG
169
Menard Financial Group
Texas
-$130K -1,726 Closed
SJIM
170
St. Johns Investment Management
Florida
-$97.5K -1,290 Closed
SC
171
Solstein Capital
California
-$90.7K -1,200 Closed
AWM
172
Avior Wealth Management
Nebraska
-$86.5K -1,145 Closed
VCM
173
Versant Capital Management
Arizona
-$45.3K -600 Closed
CP
174
Castleview Partners
Texas
-$37.8K -492 Closed
T
175
Transce3nd
Texas
-$10.9K -144 Closed

USO Hedge Fund Activity: Q1 2025 in Review

148 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q1 2025, worth a combined $469M — up 42% from $331M a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of USO and 21 opened new positions — a net loss of 18 holders — while 45 trimmed existing stakes and 31 added.

The largest buyer was Morgan Stanley, adding an estimated $40.7M. The largest seller was Parallax Volatility Advisers, exiting entirely with an estimated $24.4M sold.

  • 148 institutional investors held United States Oil Fund (USO) as of Q1 2025, down from 171 in Q4 2024.
  • Funds reported $469M of United States Oil Fund stock for Q1 2025, up 42% quarter-over-quarter.
  • 21 funds opened new United States Oil Fund positions in Q1 2025 and 39 closed out, a net change of -18 holders.
  • The largest United States Oil Fund buyer in Q1 2025 was Morgan Stanley, an estimated $40.7M added.
  • The largest United States Oil Fund seller in Q1 2025 was Parallax Volatility Advisers, an estimated $24.4M sold.

Based on aggregated 13F filings for Q1 2025.