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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
PCM
201
Prelude Capital Management
New York
– -$348K -4,300 Closed
WA
202
Waddell & Associates
Tennessee
– -$336K -4,157 Closed
PI
203
PEAK6 Investments
Illinois
– -$292K -4,032 Closed
BRWA
204
B. Riley Wealth Advisors
Florida
– -$285K -3,525 Closed
AAS
205
Ameritas Advisory Services
Nebraska
– -$276K -3,430 Closed
AWM
206
Axxcess Wealth Management
California
– -$238K -2,947 Closed
SFS
207
Summit Financial Strategies
Ohio
– -$237K -2,925 Closed
BCM
208
Brookstone Capital Management
Illinois
– -$234K -2,868 Closed
FIA
209
Foundations Investment Advisors
Arizona
– -$222K -2,745 Closed
SCA
210
Snowden Capital Advisors
New York
– -$212K -2,625 Closed
KA
211
Kovack Advisors
Florida
– -$210K -2,603 Closed
IC
212
IEQ Capital
California
– -$210K -2,593 Closed
MA
213
Mutual Advisors
Nebraska
– -$205K -2,530 Closed
OWA
214
Opal Wealth Advisors
New York
– -$203K -2,508 Closed
BMCM
215
Black Maple Capital Management
Wisconsin
– -$162K -2,000 Closed
USGIU
216
U.S. Global Investors (USGI)
Texas
– -$121K -1,500 Closed
IRAG
217
Investment Research & Advisory Group
Georgia
– -$40.4K -500 Closed
First Manhattan
218
First Manhattan
New York
– -$18.6K -230 Closed
SOS
219
Silver Oak Securities
Tennessee
– -$9.78K -121 Closed
HGERS
220
Householder Group Estate & Retirement Specialist
Arizona
– -$8.77K -108 Closed
PCM
221
Penserra Capital Management
California
– -$7K -93 Closed
CFB
222
Cullen/Frost Bankers
Texas
– -$6.07K -75 Closed
BWL
223
Bogart Wealth LLC
Virginia
– -$4.37K -54 Closed
GWSA
224
Global Wealth Strategies & Associates
Colorado
– -$2.02K -25 Closed
GWM
225
Geneos Wealth Management
Colorado
– -$1.13K -14 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.