United States Oil Fund
USO
180 hedge funds and large institutions have $1.04B invested in United States Oil Fund in 2020 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 25 increasing their positions, 66 reducing their positions, and 42 closing their positions.
19% more capital invested
Capital invested by funds: $876M → $1.04B (+$165M)
8.34% more ownership
Funds ownership: 16.87% → 25.21% (+8.3%)
11% less funds holding
Funds holding: 202 → 180 (-22)
28% less call options, than puts
Call options by funds: $969M | Put options by funds: $1.35B
48% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 42
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
62% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$280M |
| 2 |
SMFG
Sumitomo Mitsui Financial Group
Tokyo,
Japan
|
+$31M |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$9.5M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$7.2M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$3.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$30.1M |
| 2 |
Morgan Stanley
New York
|
-$15.6M |
| 3 |
XS
XR Securities
Chicago,
Illinois
|
-$15.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$11.9M |
| 5 |
NEIRG
New England Investment & Retirement Group
North Andover,
Massachusetts
|
-$11.4M |
USO Hedge Fund Activity: Q3 2020 in Review
180 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q3 2020, worth a combined $1.04B — up 19% from $876M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of USO and 22 opened new positions — a net loss of 20 holders — while 66 trimmed existing stakes and 25 added.
The largest buyer was Susquehanna International Group, adding an estimated $280M. The largest seller was Jane Street, cutting an estimated $30.1M.
- 180 institutional investors held United States Oil Fund (USO) as of Q3 2020, down from 202 in Q2 2020.
- Funds reported $1.04B of United States Oil Fund stock for Q3 2020, up 19% quarter-over-quarter.
- 22 funds opened new United States Oil Fund positions in Q3 2020 and 42 closed out, a net change of -20 holders.
- The largest United States Oil Fund buyer in Q3 2020 was Susquehanna International Group, an estimated $280M added.
- The largest United States Oil Fund seller in Q3 2020 was Jane Street, an estimated $30.1M sold.
Based on aggregated 13F filings for Q3 2020.