United States Oil Fund
171 hedge funds and large institutions have $331M invested in United States Oil Fund in 2024 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 30 increasing their positions, 49 reducing their positions, and 31 closing their positions.
19% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 31
3% more funds holding
Funds holding: 166 → 171 (+5)
3% more call options, than puts
Call options by funds: $1.01B | Put options by funds: $975M
5.83% less ownership
Funds ownership: 37.4% → 31.57% (-5.8%)
28% less capital invested
Capital invested by funds: $460M → $331M (-$129M)
39% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$26.5M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
+$14.6M |
| 3 |
JF
Jump Financial
Chicago,
Illinois
|
+$10.1M |
| 4 |
Citigroup
New York
|
+$9.73M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$8.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$71.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$59.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$28.9M |
| 4 |
Morgan Stanley
New York
|
-$23.8M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$10.8M |
USO Hedge Fund Activity: Q4 2024 in Review
171 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in United States Oil Fund (USO) for Q4 2024, worth a combined $331M — down 28% from $460M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new USO positions and 31 closed out — a net gain of 6 holders — while 30 added to existing stakes and 49 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $26.5M. The largest seller was Jane Street, cutting an estimated $71.2M.
- 171 institutional investors held United States Oil Fund (USO) as of Q4 2024, up from 166 in Q3 2024.
- Funds reported $331M of United States Oil Fund stock for Q4 2024, down 28% quarter-over-quarter.
- 37 funds opened new United States Oil Fund positions in Q4 2024 and 31 closed out, a net change of +6 holders.
- The largest United States Oil Fund buyer in Q4 2024 was Goldman Sachs, an estimated $26.5M added.
- The largest United States Oil Fund seller in Q4 2024 was Jane Street, an estimated $71.2M sold.
Based on aggregated 13F filings for Q4 2024.