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United States Oil Fund
USO

179 hedge funds and large institutions have $977M invested in United States Oil Fund in 2024 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 28 increasing their positions, 46 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more call options, than puts

Call options by funds: $1.09B | Put options by funds: $580M

17% more capital invested

Capital invested by funds: $831M → $977M (+$145M)

13.19% more ownership

Funds ownership: 65.05% → 78.24% (+13%)

10% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 29

1% less funds holding

Funds holding: 180 → 179 (-1)

39% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 46

Holders
179
Holders Change
-1
Holders Change %
-0.56%
% of All Funds
2.59%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
32
Increased
28
Reduced
46
Closed
29
Calls
$1.09B
Puts
$580M
Net Calls
+$512M
Net Calls Change
+$281M

Top Buyers

1
Jane Street
Jane Street
New York
+$178M
2
Victory Capital Management
Victory Capital Management
Texas
+$27.7M
3
Bank of America
Bank of America
North Carolina
+$18.5M
4
Barclays
Barclays
United Kingdom
+$11.4M
5
Millennium Management
Millennium Management
New York
+$10.9M

Top Sellers

1
PL
Parkwood LLC
Ohio
-$76.3M
2
Goldman Sachs
Goldman Sachs
New York
-$35.5M
3
Citigroup
Citigroup
New York
-$28.6M
4
FTUS
Flow Traders U.S.
New York
-$18.5M
5
TRCT
Tower Research Capital (TRC)
New York
-$13.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
1
Jane Street
New York
$526M +$178M +2,295,529 +53%
Goldman Sachs
2
Goldman Sachs
New York
$138M -$35.5M -457,178 -21%
Morgan Stanley
3
Morgan Stanley
New York
$34.2M -$7.77M -100,034 -19%
Bank of America
4
Bank of America
North Carolina
$34M +$18.5M +238,595 +127%
Victory Capital Management
5
Victory Capital Management
Texas
$28.4M +$27.7M +357,102 New
UBS Group
6
UBS Group
Switzerland
$23.1M +$9.92M +127,784 +79%
FTUS
7
Flow Traders U.S.
New York
$17M -$18.5M -238,388 -53%
Citadel Advisors
8
Citadel Advisors
Florida
$14M -$4.28M -55,161 -24%
Barclays
9
Barclays
United Kingdom
$12.8M +$11.4M +147,417 +1,089%
Millennium Management
10
Millennium Management
New York
$11.2M +$10.9M +140,166 New
Parallax Volatility Advisers
11
Parallax Volatility Advisers
California
$7.86M +$7.67M +98,806 New
New York State Common Retirement Fund
12
New York State Common Retirement Fund
New York
$7.21M +$7.02M +90,434 New
Wellington Management Group
13
Wellington Management Group
Massachusetts
$7.2M +$7.02M +90,434 New
IUHSA
14
Itau Unibanco Holding S.A.
Brazil
$7.12M +$6.95M +89,500 New
IMC Chicago
15
IMC Chicago
Illinois
$6.99M -$5.87M -75,624 -46%
FP
16
FFG Partners
Florida
$5.94M +$261K +3,365 +5%
Susquehanna International Group
17
Susquehanna International Group
Pennsylvania
$5.51M -$7.34M -94,487 -58%
CIBC Private Wealth Group
18
CIBC Private Wealth Group
Georgia
$4.05M – – –
Squarepoint
19
Squarepoint
New York
$4.05M +$3.95M +50,841 New
Cambridge Investment Research Advisors
20
Cambridge Investment Research Advisors
Iowa
$3.92M +$119K +1,532 +3%
AWA
21
Arkadios Wealth Advisors
Georgia
$3.35M +$74.6K +961 +2%
IFAM
22
Institutional & Family Asset Management
Colorado
$3.11M – – –
HFM
23
Harvest Fund Management
China
$3.07M +$736K +9,485 +33%
Toronto Dominion Bank
24
Toronto Dominion Bank
Ontario, Canada
$2.87M +$2.8M +36,021 New
KAS
25
Kestra Advisory Services
Texas
$2.64M +$129K +1,665 +5%
1
2 3 4 5

USO Hedge Fund Activity: Q2 2024 in Review

179 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q2 2024, worth a combined $977M — up 17% from $831M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new USO positions and 29 closed out — a net gain of 3 holders — while 28 added to existing stakes and 46 trimmed.

The largest buyer was Jane Street, adding an estimated $178M. The largest seller was Parkwood LLC, cutting an estimated $76.3M.

  • 179 institutional investors held United States Oil Fund (USO) as of Q2 2024, down from 180 in Q1 2024.
  • Funds reported $977M of United States Oil Fund stock for Q2 2024, up 17% quarter-over-quarter.
  • 32 funds opened new United States Oil Fund positions in Q2 2024 and 29 closed out, a net change of +3 holders.
  • The largest United States Oil Fund buyer in Q2 2024 was Jane Street, an estimated $178M added.
  • The largest United States Oil Fund seller in Q2 2024 was Parkwood LLC, an estimated $76.3M sold.

Based on aggregated 13F filings for Q2 2024.