Who Owns United States Oil Fund, LP (USO)?Hedge Fund & Institutional Holders

$119.84+1.45 (+1.22%)TechnologyNYSE_ARCA

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$2.9000027700015497e+229T

% of Float Held

—

QoQ Change in Holders

+14 / -8

Price History

$62.37$76.38$90.38$104.38$118.39Sep 24Jun 25Mar 26

USO — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Hood River Capital Management LLCNew Position+2.4M+$12.1M
TRUIST FINANCIAL CORPNew Position+2.1M+$11.5M
Caption Management, LLCNew Position+78K+$5.2M
Harvest Fund Management Co., LtdIncreased+61K+$2.7M
NEXT CENTURY GROWTH INVESTORS LLCNew Position+480K+$2.4M
Granahan Investment Management, LLCNew Position+479K+$2.4M
McGowan Group Asset Management, Inc.New Position+441K+$2.2M
Indie Asset Partners, LLCNew Position+31K+$2.1M
IMC-Chicago, LLCNew Position+256K+$2.0M
Orchard Capital Management, LLCNew Position+305K+$1.5M
Faithward Advisors, LLCNew Position+235K+$1.2M
Sanctuary Advisors, LLCNew Position+68K+$1.2M
Kera Capital Partners, Inc.New Position+154K+$1.1M
HATCH COVE CAPITAL, LLCNew Position+204K+$1.0M
GAM Holding AGNew Position+200K+$1.0M

USO — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
MORGAN STANLEYDecreased-864K-$108.6B
CITADEL ADVISORS LLCDecreased-567K-$20.5B
DRIEHAUS CAPITAL MANAGEMENT LLCDecreased-1.5M-$17.5B
SEGALL BRYANT & HAMILL, LLCClosed Position-2.5M-$15.4B
Hartree Partners, LPClosed Position-125K-$9.2B
Quadrature Capital LtdDecreased-144K-$8.9B
Jump Financial, LLCDecreased-419K-$5.3B
Soviero Asset Management, LPClosed Position-780K-$4.8B
Prospect Capital Advisors, LLCClosed Position-697K-$4.3B
DAVIDSON KEMPNER CAPITAL MANAGEMENT LPClosed Position-47K-$3.5B
Russell Investments Group, Ltd.Decreased-192K-$3.5B
BALYASNY ASSET MANAGEMENT L.P.Closed Position-534K-$3.3B
Invesco Ltd.Decreased-420K-$3.1B
Intrinsic Edge Capital Management LLCClosed Position-500K-$3.1B
Jain Global LLCClosed Position-42K-$3.1B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1SUSQUEHANNA INTERNATIONAL GROUP, LLP4,195,500$290.0M0.03%Call
2SUSQUEHANNA INTERNATIONAL GROUP, LLP4,009,700$277.0M0.03%Put
3CITADEL ADVISORS LLC2,246,100$155.0M0.02%Put
4CITADEL ADVISORS LLC1,882,900$130.0M0.02%Call
5UBS Group AG1,500,000$103.7M0.02%Call
6GOLDMAN SACHS GROUP INC1,500,000$103.0M0.01%Put
7JANE STREET GROUP, LLC1,293,000$89.0M0.01%Call
8GOLDMAN SACHS GROUP INC1,193,296$82.0M0.01%Share
9JANE STREET GROUP, LLC1,104,500$76.0M0.01%Put
10STATE STREET CORP7,669,026$38.0M0.00%Share
11VANGUARD GROUP INC6,428,778$32.3M0.00%Share
12Sagil Capital LLP395,000$27.3M6.22%Put
13BlackRock, Inc.4,678,883$23.0M0.00%Share
14Waratah Capital Advisors Ltd.310,000$21.4M0.72%Put
15GOLDMAN SACHS GROUP INC300,000$20.0M0.00%Call
16BlackRock, Inc.3,513,759$17.0M0.00%Share
17PEAK6 LLC247,200$17.0M0.03%Call
18NOMURA HOLDINGS INC247,500$17.0M0.02%Call
19SUSQUEHANNA INTERNATIONAL GROUP, LLP3,338,000$16.0M0.00%Call
20TWO SIGMA INVESTMENTS, LP2,921,702$14.0M0.02%Share
21Schonfeld Strategic Advisors LLC200,000$13.8M0.06%Call
22Waratah Capital Advisors Ltd.200,000$13.8M0.47%Call
23MORGAN STANLEY192,449$13.0M0.00%Share
24Centiva Capital, LP186,500$12.9M0.10%Put
25Hood River Capital Management LLC2,405,272$12.1M0.13%Share
26BARCLAYS PLC180,000$12.0M0.00%Put
27SUSQUEHANNA INTERNATIONAL GROUP, LLP184,063$12.0M0.00%Share
28BARCLAYS PLC180,000$12.0M0.00%Call
29Harvest Fund Management Co., Ltd161,313$11.0M0.41%Share
30GEODE CAPITAL MANAGEMENT, LLC2,268,828$11.0M0.00%Share
31TRUIST FINANCIAL CORP2,128,818$10.7M0.01%Share
32JANE STREET GROUP, LLC156,209$10.0M0.00%Share
33SUSQUEHANNA INTERNATIONAL GROUP, LLP2,129,950$10.0M0.00%Share
34CITADEL ADVISORS LLC1,954,831$9.0M0.00%Share
35CITADEL ADVISORS LLC1,990,800$9.0M0.00%Call
36SUSQUEHANNA INTERNATIONAL GROUP, LLP1,654,600$8.0M0.00%Put
37BARCLAYS PLC114,412$7.0M0.00%Share
38DRIEHAUS CAPITAL MANAGEMENT LLC1,293,548$6.5M0.04%Share
39MORGAN STANLEY92,568$6.0M0.00%Share
40JANE STREET GROUP, LLC1,325,845$6.0M0.00%Share
41SIG BROKERAGE, LP87,500$6.0M0.19%Call
42UBS Group AG86,515$6.0M0.00%Share
43UBS Group AG1,111,369$5.6M0.00%Share
44Caption Management, LLC75,200$5.2M0.04%Share
45BARCLAYS PLC72,307$5.0M0.00%Share
46GOLDMAN SACHS GROUP INC1,187,566$5.0M0.00%Share
47Harvest Fund Management Co., Ltd77,836$5.0M0.19%Share
48DLD Asset Management, LP870,100$4.4M0.32%Call
49VANGUARD GROUP INC814,154$4.1M0.00%Share
50NORTHERN TRUST CORP848,175$4.0M0.00%Share

USO Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025291$461.1M+105
Q3 2025186$615.6B-15
Q2 2025201$220.9B-7
Q1 2025208$600.6B+17
Q4 2024191$2.5T+43
Q3 2024148$364.3T-5
Q2 2024153$813.8T+11
Q1 2024142$644.6T—

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As of Q4 2025, 50 institutional investors hold USO (United States Oil Fund, LP). The largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with $290.0M in shares. This quarter, 14 institutions opened new positions and 8 closed their positions.

Frequently Asked Questions

How many hedge funds own USO?

As of Q4 2025, 50 institutional investors report holding USO (United States Oil Fund, LP) in their 13F filings.

Who is the largest institutional holder of USO?

The largest institutional holder of USO is SUSQUEHANNA INTERNATIONAL GROUP, LLP with $290.0M in shares.

Is institutional ownership of USO increasing or decreasing?

This quarter, 14 institutions opened new positions in USO and 8 closed their positions.