United States Oil Fund
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$90.5M |
| 2 |
Barclays
London,
United Kingdom
|
+$68.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$22M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$18.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMFG
Sumitomo Mitsui Financial Group
Tokyo,
Japan
|
-$61.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$51.6M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$33.8M |
| 4 |
CRAM
Compass Rose Asset Management
New York
|
-$22.2M |
| 5 |
Morgan Stanley
New York
|
-$13.2M |
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.