United States Oil Fund
183 hedge funds and large institutions have $541M invested in United States Oil Fund in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 37 increasing their positions, 60 reducing their positions, and 33 closing their positions.
3.84% less ownership
Funds ownership: 36.69% → 32.85% (-3.8%)
9% less funds holding
Funds holding: 200 → 183 (-17)
14% less call options, than puts
Call options by funds: $1.22B | Put options by funds: $1.41B
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
27% less capital invested
Capital invested by funds: $740M → $541M (-$200M)
33% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 33
38% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$70.4M |
| 2 |
WHGC
Wealth High Governance Capital
Sao Paulo,
Brazil
|
+$40M |
| 3 |
CRAM
Compass Rose Asset Management
New York
|
+$23.3M |
| 4 |
Goldman Sachs
New York
|
+$20.1M |
| 5 |
Squarepoint
New York
|
+$11.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$65.1M |
| 2 |
JFG
Jefferies Financial Group
New York
|
-$43.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$42.2M |
| 4 |
N
Natixis
Paris,
France
|
-$35.8M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$35.1M |
USO Hedge Fund Activity: Q1 2023 in Review
183 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q1 2023, worth a combined $541M — down 27% from $740M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of USO and 22 opened new positions — a net loss of 11 holders — while 60 trimmed existing stakes and 37 added.
The largest buyer was Bank of America, adding an estimated $70.4M. The largest seller was Citadel Advisors, cutting an estimated $65.1M.
- 183 institutional investors held United States Oil Fund (USO) as of Q1 2023, down from 200 in Q4 2022.
- Funds reported $541M of United States Oil Fund stock for Q1 2023, down 27% quarter-over-quarter.
- 22 funds opened new United States Oil Fund positions in Q1 2023 and 33 closed out, a net change of -11 holders.
- The largest United States Oil Fund buyer in Q1 2023 was Bank of America, an estimated $70.4M added.
- The largest United States Oil Fund seller in Q1 2023 was Citadel Advisors, an estimated $65.1M sold.
Based on aggregated 13F filings for Q1 2023.