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United States Oil Fund
USO

188 hedge funds and large institutions have $885M invested in United States Oil Fund in 2023 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 36 increasing their positions, 46 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

45% more capital invested

Capital invested by funds: $612M → $885M (+$273M)

28% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 39

19.47% more ownership

Funds ownership: 40.33% → 59.8% (+19%)

6% more funds holding

Funds holding: 177 → 188 (+11)

5% more call options, than puts

Call options by funds: $1.46B | Put options by funds: $1.4B

22% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 46

Holders
188
Holders Change
+11
Holders Change %
+6.21%
% of All Funds
2.74%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
50
Increased
36
Reduced
46
Closed
39
Calls
$1.46B
Puts
$1.4B
Net Calls
+$63.2M
Net Calls Change
+$417M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$143M
2
Goldman Sachs
Goldman Sachs
New York
+$123M
3
UBS Group
UBS Group
Switzerland
+$91.4M
4
Morgan Stanley
Morgan Stanley
New York
+$58.4M
5
IMC Chicago
IMC Chicago
Illinois
+$35.8M

Top Sellers

Rank Fund Capital Flow
1
Barclays
Barclays
United Kingdom
-$30M
2
Squarepoint
Squarepoint
New York
-$29.5M
3
Bank of America
Bank of America
North Carolina
-$15.7M
4
TRCT
Tower Research Capital (TRC)
New York
-$12.5M
5
Victory Capital Management
Victory Capital Management
Texas
-$9.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
176
WFA Asset Management
Wisconsin
$2.33K – – –
Northwestern Mutual Wealth Management
177
Northwestern Mutual Wealth Management
Wisconsin
$2.33K +$290 +4 +13%
RIL
178
Rothschild Investment LLC
Illinois
$2.07K +$2.25K +31 New
YAL
179
Your Advocates Ltd
Texas
$2K – – –
WPA
180
West Paces Advisors
Georgia
$800 – – –
Fidelity Investments
181
Fidelity Investments
Massachusetts
$467 – – –
HWA
182
HHM Wealth Advisors
Tennessee
$400 – – –
AWM
183
Avior Wealth Management
Nebraska
$333 – – –
ODG
184
O'Dell Group
Ohio
$200 +$218 +3 New
HI
185
Harbour Investments
Wisconsin
$133 -$10.1K -139 -99%
SWM
186
Sugarloaf Wealth Management
Georgia
$133 – – –
GPFA
187
Game Plan Financial Advisors
Ohio
$133 +$145 +2 New
Squarepoint
188
Squarepoint
New York
– -$29.5M -406,682 Closed
LP
189
LMR Partners
United Kingdom
– -$9.33M -115,429 Closed
Parallax Volatility Advisers
190
Parallax Volatility Advisers
California
– -$7.87M -108,579 Closed
TA
191
Tactive Advisors
Florida
– -$2.77M -34,211 Closed
SW
192
SVB Wealth
Massachusetts
– -$1.01M -12,500 Closed
Lazard Asset Management
193
Lazard Asset Management
New York
– -$921K -11,397 Closed
Mirae Asset Global Investments
194
Mirae Asset Global Investments
South Korea
– -$873K -10,800 Closed
TF
195
Trek Financial
Arizona
– -$695K -8,596 Closed
SC
196
Scotia Capital
Ontario, Canada
– -$666K -8,235 Closed
AAS
197
Avantax Advisory Services
Texas
– -$620K -7,667 Closed
CL
198
CSS LLC
Illinois
– -$471K -5,831 Closed
KWA
199
Kingswood Wealth Advisors
California
– -$452K -5,594 Closed
Thrivent Financial for Lutherans
200
Thrivent Financial for Lutherans
Minnesota
– -$358K -4,393 Closed
6 7
8
9 10

USO Hedge Fund Activity: Q4 2023 in Review

188 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2023, worth a combined $885M — up 45% from $612M a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new USO positions and 39 closed out — a net gain of 11 holders — while 36 added to existing stakes and 46 trimmed.

The largest buyer was Jane Street, adding an estimated $143M. The largest seller was Barclays, cutting an estimated $30M.

  • 188 institutional investors held United States Oil Fund (USO) as of Q4 2023, up from 177 in Q3 2023.
  • Funds reported $885M of United States Oil Fund stock for Q4 2023, up 45% quarter-over-quarter.
  • 50 funds opened new United States Oil Fund positions in Q4 2023 and 39 closed out, a net change of +11 holders.
  • The largest United States Oil Fund buyer in Q4 2023 was Jane Street, an estimated $143M added.
  • The largest United States Oil Fund seller in Q4 2023 was Barclays, an estimated $30M sold.

Based on aggregated 13F filings for Q4 2023.