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United States Oil Fund
USO

196 hedge funds and large institutions have $581M invested in United States Oil Fund in 2021 Q4 according to their latest regulatory filings, with 54 funds opening new positions, 31 increasing their positions, 60 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 32

46% more call options, than puts

Call options by funds: $2B | Put options by funds: $1.37B

11% more funds holding

Funds holding: 176 → 196 (+20)

9% more capital invested

Capital invested by funds: $534M → $581M (+$47.2M)

3.67% more ownership

Funds ownership: 20% → 23.67% (+3.7%)

48% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 60

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
196
Holders Change
+20
Holders Change %
+11.36%
% of All Funds
3.02%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
54
Increased
31
Reduced
60
Closed
32
Calls
$2B
Puts
$1.37B
Net Calls
+$630M
Net Calls Change
+$39M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$61.6M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$51.1M
3
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$26.8M
4
Squarepoint
Squarepoint
New York
+$21.9M
5
BlackRock
BlackRock
New York
+$8.64M

Top Sellers

1
CS
Credit Suisse
Switzerland
-$42.5M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$22.4M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$18.7M
4
Citadel Advisors
Citadel Advisors
Florida
-$15.1M
5
VA
Verdad Advisers
Massachusetts
-$10.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$77.2M +$61.6M +1,132,636 +394%
CS
2
Credit Suisse
Switzerland
$73.4M -$42.5M -781,953 -37%
Bank of Montreal
3
Bank of Montreal
Ontario, Canada
$59M +$51.1M +939,844 +758%
Morgan Stanley
4
Morgan Stanley
New York
$43M -$8.11M -149,144 -16%
Victory Capital Management
5
Victory Capital Management
Texas
$34.1M +$593K +10,907 +2%
Bank of Nova Scotia
6
Bank of Nova Scotia
Ontario, Canada
$26.8M +$26.8M +493,500 New
Squarepoint
7
Squarepoint
New York
$21.8M +$21.9M +401,823 New
BlackRock
8
BlackRock
New York
$18M +$8.64M +158,817 +93%
Citigroup
9
Citigroup
New York
$17.2M +$5.71M +104,925 +49%
SG Americas Securities
10
SG Americas Securities
New York
$17M +$3.33M +61,269 +24%
Parallax Volatility Advisers
11
Parallax Volatility Advisers
California
$16.3M -$18.7M -343,092 -53%
Jane Street
12
Jane Street
New York
$15.6M +$862K +15,855 +6%
Group One Trading
13
Group One Trading
Illinois
$10.1M -$8.36M -153,627 -45%
LPL Financial
14
LPL Financial
California
$9.01M -$2.5M -45,971 -22%
EFM
15
E Fund Management
China
$8.7M -$2.41M -44,300 -22%
Simplex Trading
16
Simplex Trading
Illinois
$8.29M +$1.27M +23,289 +18%
JP Morgan Chase
17
JP Morgan Chase
New York
$7.61M +$3.54M +65,138 +87%
HFM
18
Harvest Fund Management
China
$7.5M -$2.91M -53,534 -28%
SWM
19
Stockman Wealth Management
Montana
$7.29M +$3.46M +63,625 +90%
Osaic Holdings
20
Osaic Holdings
Arizona
$7.04M -$151K -2,775 -2%
Bank of America
21
Bank of America
North Carolina
$6.64M -$4.05M -74,389 -38%
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$6.09M -$22.4M -411,039 -79%
CI
23
Cavalier Investments
Georgia
$5.92M +$1.07M +19,635 +22%
Citadel Advisors
24
Citadel Advisors
Florida
$4.74M -$15.1M -277,580 -76%
IMC Chicago
25
IMC Chicago
Illinois
$4.15M +$4.15M +76,317 New
1
2 3 4 5

USO Hedge Fund Activity: Q4 2021 in Review

196 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2021, worth a combined $581M — up 8.9% from $534M a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new USO positions and 32 closed out — a net gain of 22 holders — while 31 added to existing stakes and 60 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $61.6M. The largest seller was Credit Suisse, cutting an estimated $42.5M.

  • 196 institutional investors held United States Oil Fund (USO) as of Q4 2021, up from 176 in Q3 2021.
  • Funds reported $581M of United States Oil Fund stock for Q4 2021, up 8.9% quarter-over-quarter.
  • 54 funds opened new United States Oil Fund positions in Q4 2021 and 32 closed out, a net change of +22 holders.
  • The largest United States Oil Fund buyer in Q4 2021 was Goldman Sachs, an estimated $61.6M added.
  • The largest United States Oil Fund seller in Q4 2021 was Credit Suisse, an estimated $42.5M sold.

Based on aggregated 13F filings for Q4 2021.