United States Oil Fund
166 hedge funds and large institutions have $642M invested in United States Oil Fund in 2018 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 38 increasing their positions, 45 reducing their positions, and 40 closing their positions.
10% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 40
4.99% more ownership
Funds ownership: 47.22% → 52.21% (+5%)
2% more funds holding
Funds holding: 163 → 166 (+3)
12% less call options, than puts
Call options by funds: $1.17B | Put options by funds: $1.32B
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
16% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 45
62% less capital invested
Capital invested by funds: $1.68B → $642M (-$1.04B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$101M |
| 2 |
Jane Street
New York
|
+$38.6M |
| 3 |
SIM
Strategic Investment Management
Arlington,
Virginia
|
+$28.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$27.2M |
| 5 |
SMFG
Sumitomo Mitsui Financial Group
Tokyo,
Japan
|
+$17.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
-$776M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$80.2M |
| 3 |
JP Morgan Chase
New York
|
-$22.2M |
| 4 |
Citigroup
New York
|
-$20.4M |
| 5 |
Morgan Stanley
New York
|
-$18M |
USO Hedge Fund Activity: Q4 2018 in Review
166 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2018, worth a combined $642M — down 62% from $1.68B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new USO positions and 40 closed out — a net gain of 4 holders — while 38 added to existing stakes and 45 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $101M. The largest seller was Luminus Management, exiting entirely with an estimated $776M sold.
- 166 institutional investors held United States Oil Fund (USO) as of Q4 2018, up from 163 in Q3 2018.
- Funds reported $642M of United States Oil Fund stock for Q4 2018, down 62% quarter-over-quarter.
- 44 funds opened new United States Oil Fund positions in Q4 2018 and 40 closed out, a net change of +4 holders.
- The largest United States Oil Fund buyer in Q4 2018 was Susquehanna International Group, an estimated $101M added.
- The largest United States Oil Fund seller in Q4 2018 was Luminus Management, an estimated $776M sold.
Based on aggregated 13F filings for Q4 2018.