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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$109M |
| 2 |
PL
Parkwood LLC
Cleveland,
Ohio
|
+$61.2M |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$12.8M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$11.4M |
| 5 |
Citigroup
New York
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$96M |
| 2 |
Goldman Sachs
New York
|
-$91.7M |
| 3 |
Barclays
London,
United Kingdom
|
-$45M |
| 4 |
Morgan Stanley
New York
|
-$35.2M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
-$29M |
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.