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United States Oil Fund
USO

176 hedge funds and large institutions have $534M invested in United States Oil Fund in 2021 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 22 increasing their positions, 67 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more call options, than puts

Call options by funds: $1.48B | Put options by funds: $889M

1.64% more ownership

Funds ownership: 18.37% → 20% (+1.6%)

4% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 28

2% less funds holding

Funds holding: 180 → 176 (-4)

6% less capital invested

Capital invested by funds: $569M → $534M (-$35.6M)

67% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 67

Holders
176
Holders Change
-4
Holders Change %
-2.22%
% of All Funds
3.08%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
27
Increased
22
Reduced
67
Closed
28
Calls
$1.48B
Puts
$889M
Net Calls
+$591M
Net Calls Change
+$234M

Top Buyers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$20.6M
2
VA
Verdad Advisers
Massachusetts
+$9.78M
3
Jane Street
Jane Street
New York
+$9.41M
4
Victory Capital Management
Victory Capital Management
Texas
+$7.42M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$6.06M

Top Sellers

1
CS
Credit Suisse
Switzerland
-$60.8M
2
SMFG
Sumitomo Mitsui Financial Group
Japan
-$28.4M
3
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
-$12.3M
4
Morgan Stanley
Morgan Stanley
New York
-$9.02M
5
Group One Trading
Group One Trading
Illinois
-$6.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
1
Credit Suisse
Switzerland
$112M -$60.8M -1,243,095 -37%
Morgan Stanley
2
Morgan Stanley
New York
$49.4M -$9.02M -184,403 -16%
Parallax Volatility Advisers
3
Parallax Volatility Advisers
California
$33.8M +$3.12M +63,734 +11%
Victory Capital Management
4
Victory Capital Management
Texas
$32.4M +$7.42M +151,776 +33%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$27.5M +$20.6M +422,178 +418%
Citadel Advisors
6
Citadel Advisors
Florida
$19.2M +$4.55M +93,002 +34%
Group One Trading
7
Group One Trading
Illinois
$17.8M -$6.36M -130,063 -28%
Goldman Sachs
8
Goldman Sachs
New York
$15.1M -$348K -7,108 -2%
Jane Street
9
Jane Street
New York
$14.3M +$9.41M +192,419 +243%
SG Americas Securities
10
SG Americas Securities
New York
$13.2M +$1.84M +37,529 +17%
Citigroup
11
Citigroup
New York
$11.2M -$4.49M -91,890 -30%
LPL Financial
12
LPL Financial
California
$11.1M -$1.08M -22,170 -9%
EFM
13
E Fund Management
China
$10.7M +$9.99M +204,300 New
VA
14
Verdad Advisers
Massachusetts
$10.5M +$9.78M +200,000 New
Bank of America
15
Bank of America
North Carolina
$10.3M +$3.06M +62,473 +47%
HFM
16
Harvest Fund Management
China
$9.97M -$5.34M -109,272 -37%
BlackRock
17
BlackRock
New York
$9.02M – – –
Wolverine Trading
18
Wolverine Trading
Illinois
$8.23M +$2.74M +56,016 +55%
Osaic Holdings
19
Osaic Holdings
Arizona
$6.96M -$518K -10,586 -7%
Qube Research & Technologies (QRT)
20
Qube Research & Technologies (QRT)
United Kingdom
$6.64M +$4.71M +96,372 +323%
Bank of Montreal
21
Bank of Montreal
Ontario, Canada
$6.57M +$6.06M +123,909 New
Simplex Trading
22
Simplex Trading
Illinois
$6.54M +$70.9K +1,450 +1%
WMSA
23
Weiss Multi-Strategy Advisers
New York
$4.73M -$462K -9,440 -9%
CI
24
Cavalier Investments
Georgia
$4.69M +$797K +16,303 +22%
OCAM
25
Onex Canada Asset Management
Ontario, Canada
$4.62M +$2.45M +50,000 New
1
2 3 4 5

USO Hedge Fund Activity: Q3 2021 in Review

176 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q3 2021, worth a combined $534M — down 6.3% from $569M a quarter earlier.

Sellers outnumbered buyers: 28 funds closed out of USO and 27 opened new positions — a net loss of 1 holder — while 67 trimmed existing stakes and 22 added.

The largest buyer was Susquehanna International Group, adding an estimated $20.6M. The largest seller was Credit Suisse, cutting an estimated $60.8M.

  • 176 institutional investors held United States Oil Fund (USO) as of Q3 2021, down from 180 in Q2 2021.
  • Funds reported $534M of United States Oil Fund stock for Q3 2021, down 6.3% quarter-over-quarter.
  • 27 funds opened new United States Oil Fund positions in Q3 2021 and 28 closed out, a net change of -1 holder.
  • The largest United States Oil Fund buyer in Q3 2021 was Susquehanna International Group, an estimated $20.6M added.
  • The largest United States Oil Fund seller in Q3 2021 was Credit Suisse, an estimated $60.8M sold.

Based on aggregated 13F filings for Q3 2021.