United States Oil Fund
188 hedge funds and large institutions have $885M invested in United States Oil Fund in 2023 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 36 increasing their positions, 46 reducing their positions, and 39 closing their positions.
45% more capital invested
Capital invested by funds: $612M → $885M (+$273M)
28% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 39
19.47% more ownership
Funds ownership: 40.33% → 59.8% (+19%)
6% more funds holding
Funds holding: 177 → 188 (+11)
5% more call options, than puts
Call options by funds: $1.46B | Put options by funds: $1.4B
22% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$143M |
| 2 |
Goldman Sachs
New York
|
+$123M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$91.4M |
| 4 |
Morgan Stanley
New York
|
+$58.4M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$35.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barclays
London,
United Kingdom
|
-$30M |
| 2 |
Squarepoint
New York
|
-$29.5M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$15.7M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$12.5M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$9.49M |
USO Hedge Fund Activity: Q4 2023 in Review
188 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2023, worth a combined $885M — up 45% from $612M a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new USO positions and 39 closed out — a net gain of 11 holders — while 36 added to existing stakes and 46 trimmed.
The largest buyer was Jane Street, adding an estimated $143M. The largest seller was Barclays, cutting an estimated $30M.
- 188 institutional investors held United States Oil Fund (USO) as of Q4 2023, up from 177 in Q3 2023.
- Funds reported $885M of United States Oil Fund stock for Q4 2023, up 45% quarter-over-quarter.
- 50 funds opened new United States Oil Fund positions in Q4 2023 and 39 closed out, a net change of +11 holders.
- The largest United States Oil Fund buyer in Q4 2023 was Jane Street, an estimated $143M added.
- The largest United States Oil Fund seller in Q4 2023 was Barclays, an estimated $30M sold.
Based on aggregated 13F filings for Q4 2023.