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United States Oil Fund

141 hedge funds and large institutions have $518M invested in United States Oil Fund in 2019 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 27 increasing their positions, 41 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 20

11% more funds holding

Funds holding: 127141 (+14)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

0.75% less ownership

Funds ownership: 5.4%4.65% (-0.75%)

11% less capital invested

Capital invested by funds: $585M → $518M (-$66.8M)

34% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 41

34% less call options, than puts

Call options by funds: $451M | Put options by funds: $686M

Holders
141
Holders Change
+14
Holders Change %
+11.02%
% of All Funds
2.78%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.06%
New
36
Increased
27
Reduced
41
Closed
20
Calls
$451M
Puts
$686M
Net Calls
-$236M
Net Calls Change
-$55.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$83.7M +$33.4M +351,832 +76%
UBS Group
2
UBS Group
Switzerland
$59.6M +$47.4M +498,426 +603%
Citigroup
3
Citigroup
New York
$38.7M +$3.36M +35,386 +10%
SIM
4
Strategic Investment Management
Virginia
$28.4M +$418K +4,402 +2%
Morgan Stanley
5
Morgan Stanley
New York
$26.9M -$14.9M -157,148 -37%
Bank of America
6
Bank of America
North Carolina
$26.1M +$4.27M +44,906 +21%
Bank of Nova Scotia
7
Bank of Nova Scotia
Ontario, Canada
$25.6M +$17.8M +187,500 +300%
Qube Research & Technologies (QRT)
8
Qube Research & Technologies (QRT)
United Kingdom
$25.4M +$23.6M +248,137 New
JP Morgan Chase
9
JP Morgan Chase
New York
$23.3M -$138M -1,447,908 -86%
CS
10
Credit Suisse
Switzerland
$17.5M -$3.34M -35,179 -17%
BNP Paribas Financial Markets
11
BNP Paribas Financial Markets
France
$16.5M -$14.6M -154,120 -49%
Barclays
12
Barclays
United Kingdom
$15.5M +$5.42M +57,035 +61%
SG Americas Securities
13
SG Americas Securities
New York
$14.9M +$2.49M +26,252 +22%
Wolverine Trading
14
Wolverine Trading
Illinois
$9.52M -$29.2M -307,302 -77%
LPL Financial
15
LPL Financial
California
$7.75M -$336K -3,533 -4%
Parallax Volatility Advisers
16
Parallax Volatility Advisers
California
$7.69M -$21M -221,166 -75%
Citadel Advisors
17
Citadel Advisors
Florida
$7.57M -$4.16M -43,821 -37%
Bank of Montreal
18
Bank of Montreal
Ontario, Canada
$6.96M -$13.5M -141,844 -68%
XS
19
XR Securities
Illinois
$6.02M +$5.59M +58,784 New
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
$5.85M +$5.43M +57,112 New
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$5.16M +$2.6M +27,403 +119%
Wells Fargo
22
Wells Fargo
California
$4.53M -$239K -2,520 -5%
Marshall Wace
23
Marshall Wace
United Kingdom
$3.09M -$6.96M -73,208 -71%
HighTower Advisors
24
HighTower Advisors
Illinois
$2.9M +$2.55M +26,799 +1,704%
KPF
25
K2 Principal Fund
Ontario, Canada
$2.88M +$2.67M +28,125 New

USO Hedge Fund Activity: Q4 2019 in Review

141 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2019, worth a combined $518M — down 11% from $585M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new USO positions and 20 closed out — a net gain of 16 holders — while 27 added to existing stakes and 41 trimmed.

The largest buyer was UBS Group, adding an estimated $47.4M. The largest seller was JP Morgan Chase, cutting an estimated $138M.

  • 141 institutional investors held United States Oil Fund (USO) as of Q4 2019, up from 127 in Q3 2019.
  • Funds reported $518M of United States Oil Fund stock for Q4 2019, down 11% quarter-over-quarter.
  • 36 funds opened new United States Oil Fund positions in Q4 2019 and 20 closed out, a net change of +16 holders.
  • The largest United States Oil Fund buyer in Q4 2019 was UBS Group, an estimated $47.4M added.
  • The largest United States Oil Fund seller in Q4 2019 was JP Morgan Chase, an estimated $138M sold.

Based on aggregated 13F filings for Q4 2019.