Vault-13

UNITED STS OIL FD LP USO

UNITS · ETP · CUSIP 91232N207

182 institutional holders -18 vs Q4 2022
8,183,0078.2m shares reported held*
$542.6mreported value*
21 new 37 added 60 reduced 34 sold out net sold ≈ $158.0m (-2.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $66.30. Options: 32 managers hold calls ($1.2bn notional), 21 hold puts ($1.4bn).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 187Q4 22: 200Q1 23: 182182Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022187
Q4 2022200
Q1 2023182

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 82 bought or addedQ4 22: 86 cut or sold outQ4 22Q1 23: 58 bought or addedQ1 23: 94 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20228286
Q1 20235894

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500m$1bn$1.5bnQ3 22 calls: $1.3bnQ3 22 puts: $1.3bnQ3 22P/C 1.04Q4 22 calls: $1.4bnQ4 22 puts: $1.1bnQ4 22P/C 0.77Q1 23 calls: $1.2bnQ1 23 puts: $1.4bnQ1 23P/C 1.16
Numbers
QuarterCallsPutsP/C
Q3 2022$1.3bn$1.3bn1.04
Q4 2022$1.4bn$1.1bn0.77
Q1 2023$1.2bn$1.4bn1.16

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,056,403+1.1m
Wealth High Governance Capital Ltda New +600,000+600.0k
COMPASS ROSE ASSET MANAGEMENT, LP New +350,000+350.0k
GOLDMAN SACHS GROUP INC Added +302,189+302.2k
Squarepoint Ops LLC Added +171,444+171.4k
SUMITOMO MITSUI FINANCIAL GROUP, INC. Added +120,000+120.0k
Bramshill Investments, LLC New +93,710+93.7k
Prospera Financial Services Inc New +36,971+37.0k
HighTower Advisors, LLC Added +34,303+34.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +20,115+20.1k

Biggest sellers

CITADEL ADVISORS LLC Reduced -976,706-976.7k
Jefferies Financial Group Inc. Reduced -652,370-652.4k
BANK OF MONTREAL /CAN/ Reduced -632,950-633.0k
NATIXIS Reduced -536,545-536.5k
BANK OF NOVA SCOTIA Sold out -499,999-500.0k
NATIONAL BANK OF CANADA /FI/ Reduced -434,900-434.9k
Kestra Advisory Services, LLC Reduced -209,900-209.9k
BlackRock Inc. Reduced -184,686-184.7k
SPX Gestao de Recursos Ltda Sold out -142,100-142.1k
SIMPLEX TRADING, LLC Reduced -95,866-95.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $339.3m5.1m shares
CITADEL ADVISORS LLC Added $261.4m3.9m shares
Parallax Volatility Advisers, L.P. Added $125.0m1.9m shares
BARCLAYS PLC Added $66.6m1.0m shares
IMC-Chicago, LLC Added $51.3m771.5k shares
BANK OF AMERICA CORP /DE/ Added $50.6m761.0k shares
JANE STREET GROUP, LLC Reduced $50.3m757.0k shares
SIMPLEX TRADING, LLC Added $45.5m684.5k shares
WOLVERINE TRADING, LLC Added $38.4m587.4k shares
Waratah Capital Advisors Ltd. Reduced $33.2m500.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $402.3m6.1m shares
GOLDMAN SACHS GROUP INC Added $265.1m4.0m shares
CITADEL ADVISORS LLC Reduced $151.2m2.3m shares
JANE STREET GROUP, LLC Added $120.7m1.8m shares
BARCLAYS PLC Added $105.4m1.6m shares
Squarepoint Ops LLC Added $82.0m1.2m shares
MILLENNIUM MANAGEMENT LLC New $36.5m550.0k shares
Parallax Volatility Advisers, L.P. Added $35.9m540.0k shares
WOLVERINE TRADING, LLC Added $35.6m544.3k shares
BANK OF AMERICA CORP /DE/ Added $33.5m504.8k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q1 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q1 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.14% of their portfolio NEW YORK, NY 1,239,3611.2m $82.3m $82.3m 0.14% Reduced -29.3k -29,252
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,209,5111.2m $80.4m $80.4m 0.01% Added +1.1m +1,056,403
3 SUMITOMO MITSUI FINANCIAL GROUP, INC. 2.02% of their portfolio TOKYO, M0 967,400967.4k $64.3m $64.3m 2.02% Added +120.0k +120,000
4 Wealth High Governance Capital Ltda 17.77% of their portfolio SAO PAULO, D5 600,000600.0k $39.9m $39.9m 17.77% New
5 Squarepoint Ops LLC 0.23% of their portfolio NEW YORK, NY 486,722486.7k $32.3m $32.3m 0.23% Added +171.4k +171,444
6 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 444,540444.5k $29.5m $29.5m 0.01% Added +302.2k +302,189
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 413,415413.4k $27.5m $27.5m 0.00% Reduced -62.4k -62,408
8 COMPASS ROSE ASSET MANAGEMENT, LP 16.67% of their portfolio New York, NY 350,000350.0k $23.3m $23.3m 16.67% New
9 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 287,124287.1k $19.1m $19.1m 0.02% Reduced -47.8k -47,786
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 186,662186.7k $12.4m $12.4m 0.02% Added +20.1k +20,115
11 Stockman Wealth Management, Inc. 2.18% of their portfolio BILLINGS, MT 146,798146.8k $9.8m $9.8m 2.18% Unchanged
12 BlackRock Inc. 0.00% of their portfolio New York, NY 128,374128.4k $8.5m $8.5m 0.00% Reduced -184.7k -184,686
13 LITTLEJOHN & CO LLC 4.86% of their portfolio GREENWICH, CT 120,530120.5k $8.0m $8.0m 4.86% Reduced -36.5k -36,470
14 HAP Trading, LLC 1.68% of their portfolio NEW YORK, NY 104,096104.1k $6.9m $6.9m 1.68% Added +5.7k +5,666
15 Bramshill Investments, LLC 0.74% of their portfolio NAPLES, FL 93,71093.7k $6.2m $6.2m 0.74% New
16 Walleye Trading LLC 0.19% of their portfolio NEW YORK, NY 81,07081.1k $5.4m $5.4m 0.19% Reduced -49.4k -49,376
17 GROUP ONE TRADING LLC 0.25% of their portfolio CHICAGO, IL 77,94977.9k $5.2m $5.2m 0.25% Reduced -73.3k -73,344
18 SIMPLEX TRADING, LLC 0.17% of their portfolio CHICAGO, IL 56,66756.7k $3.8m $3.8m 0.17% Reduced -95.9k -95,866
19 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 47,86147.9k $3.2m $3.2m 0.01% Reduced -55.5k -55,549
20 Cutler Group LLC / CA 0.45% of their portfolio SAN FRANCISCO, CA 42,73242.7k $2.8m $2.8m 0.45% Reduced -58.5k -58,511
21 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 41,26941.3k $2.7m $2.7m 0.00% Reduced -6.1k -6,074
22 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 39,38339.4k $2.6m $2.6m 0.03% Reduced -209.9k -209,900
23 Knollwood Investment Advisory, LLC 0.89% of their portfolio HUNT VALLEY, MD 38,91538.9k $2.6m $2.6m 0.89% Unchanged
24 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 37,90937.9k $2.5m $2.5m 0.00% Reduced -11.4k -11,357
25 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 37,89537.9k $2.5m $2.5m 0.01% Added +34.3k +34,303
26 Prospera Financial Services Inc 0.10% of their portfolio Dallas, TX 36,97137.0k $2.5m $2.5m 0.10% New
27 WOLVERINE TRADING, LLC 0.07% of their portfolio CHICAGO, IL 35,30235.3k $2.3m $2.3m 0.07% Added +14.2k +14,160
28 Harvest Fund Management Co., Ltd 0.47% of their portfolio BEIJING, F4 31,99432.0k $2.1m $2.1m 0.47% Reduced -851 -851
29 INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.34% of their portfolio Fort Collins, CO 30,79930.8k $2.0m $2.0m 0.34% Added +781 +781
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 30,67030.7k $2.0m $2.0m 0.00% Added +10.2k +10,160
31 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 29,13729.1k $1.9m $1.9m 0.05% Reduced -70 -70
32 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 29,06629.1k $1.9m $1.9m 0.01% Reduced -11.6k -11,613
33 Parkwood LLC 0.18% of their portfolio CLEVELAND, OH 28,46528.5k $981.0k $981.0k 0.18% Added +17.9k +17,888
34 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 26,25326.3k $1.7m $1.7m 0.00% Added +16.6k +16,588
35 National Wealth Management Group, LLC 1.70% of their portfolio CINCINNATI, OH 23,93923.9k $1.5m $1.5m 1.70% Reduced -11.6k -11,610
36 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 21,59921.6k $1.4m $1.4m 0.01% Reduced -3.5k -3,550
37 MADDEN SECURITIES Corp 0.75% of their portfolio DALLAS, TX 21,26621.3k $1.4m $1.4m 0.75% Reduced -55.9k -55,885
38 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 20,40020.4k $1.4m $1.4m 0.01% Added +1.2k +1,200
39 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 17,50017.5k $1.2m $1.2m 0.02% Reduced -652.4k -652,370
40 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 16,36816.4k $1.0m $1.0m 0.01% Reduced -1.0k -1,017
41 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,33716.3k $1.1m $1.1m 0.00% Added +1.2k +1,185
42 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 15,49315.5k $1.0m $1.0m 0.01% Added +219 +219
43 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 15,41315.4k $1.0m $1.0m 0.00% Reduced -1.4k -1,409
44 Truepoint, Inc. 0.03% of their portfolio CINCINNATI, OH 13,73313.7k $912.4k $912.4k 0.03% Unchanged
45 SVB WEALTH LLC 0.01% of their portfolio BOSTON, MA 13,62513.6k $905.2k $905.2k 0.01% Unchanged
46 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 13,40013.4k $890.3k $890.3k 0.00% Reduced -1.0k -1,008
47 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 12,84512.8k $853.0k $853.0k 0.00% Unchanged
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,46612.5k $828.0k $828.0k 0.00% Reduced -13.3k -13,329
49 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 12,24012.2k $848.8k $848.8k 0.00% Reduced -633.0k -632,950
50 Meridian Wealth Management, LLC 0.07% of their portfolio LEXINGTON, KY 12,11412.1k $804.9k $804.9k 0.07% Added +763 +763
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 11,80611.8k $784.4k $784.4k 0.00% Added +8.0k +7,969
52 SkyView Investment Advisors, LLC 0.18% of their portfolio SHREWSBURY, NJ 11,50011.5k $764.0k $764.0k 0.18% New
53 MGO ONE SEVEN LLC 0.05% of their portfolio Beachwood, OH 11,21311.2k $745.0k $745.0k 0.05% Added +5.6k +5,560
54 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 11,00011.0k $730.8k $730.8k 0.02% Reduced -10.4k -10,400
55 Clearstead Advisors, LLC 0.05% of their portfolio CLEVELAND, OH 10,88310.9k $723.1k $723.1k 0.05% Unchanged
56 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,00010.0k $664.4k $664.4k 0.00% Reduced -976.7k -976,706
57 Cetera Advisors LLC 0.01% of their portfolio DENVER, CO 9,3689.4k $622.4k $622.4k 0.01% Reduced -3.9k -3,858
58 ALPINE WOODS CAPITAL INVESTORS, LLC 0.09% of their portfolio PURCHASE, NY 9,0009.0k $598.0k $598.0k 0.09% Unchanged
59 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 8,8318.8k $586.7k $586.7k 0.04% Reduced -2.0k -2,000
60 WealthCare Investment Partners, LLC 0.34% of their portfolio PORTSMOUTH, RI 8,4898.5k $564.0k $564.0k 0.34% Reduced -255 -255
61 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 8,3028.3k $551.6k $551.6k 0.00% Reduced -133 -133
62 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,0478.0k $535.0k $535.0k 0.00% Reduced -150 -150
63 Weiss Multi-Strategy Advisers LLC 0.01% of their portfolio NEW YORK, NY 8,0008.0k $532.0k $532.0k 0.01% Reduced -2.0k -2,000
64 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,9357.9k $527.2k $527.2k 0.00% Reduced -2.6k -2,587
65 Finer Wealth Management, Inc. 0.43% of their portfolio SALEM, MA 7,6277.6k $506.7k $506.7k 0.43% Reduced -284 -284
66 Keel Point, LLC 0.07% of their portfolio HUNTSVILLE, AL 7,2467.2k $481.4k $481.4k 0.07% Unchanged
67 FORMULA GROWTH LTD 0.15% of their portfolio MONTREAL, A8 7,0907.1k $471.1k $471.1k 0.15% Reduced -5.0k -5,000
68 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 7,0097.0k $465.7k $465.7k 0.03% Unchanged
69 DOLIVER ADVISORS, LP 0.14% of their portfolio HOUSTON, TX 6,7506.8k $448.5k $448.5k 0.14% New
70 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 6,4796.5k $430.0k $430.0k 0.00% New
71 WR Wealth Planners, LLC 0.18% of their portfolio COLUMBIA, MO 6,2736.3k $416.8k $416.8k 0.18% Reduced -900 -900
72 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 6,1006.1k $405.3k $405.3k 0.00% Reduced -13.7k -13,700
73 Investmark Advisory Group LLC 0.29% of their portfolio Shelton, CT 5,9275.9k $393.8k $393.8k 0.29% Unchanged
74 Ignite Planners, LLC 0.17% of their portfolio SAN CLEMENTE, CA 5,8445.8k $407.7k $407.7k 0.17% Unchanged
75 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 5,7975.8k $385.0k $385.0k 0.01% Reduced -2.4k -2,389
76 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 5,5705.6k $370.1k $370.1k 0.00% Reduced -13 -13
77 EVERGREEN CAPITAL MANAGEMENT LLC 0.02% of their portfolio Bellevue, WA 5,5155.5k $366.4k $366.4k 0.02% Reduced -35 -35
78 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 5,3915.4k $358.2k $358.2k 0.01% Unchanged
79 Menard Financial Group LLC 0.79% of their portfolio HOUSTON, TX 5,1685.2k $343.4k $343.4k 0.79% Unchanged
80 FOUNDERS FINANCIAL SECURITIES LLC 0.05% of their portfolio TOWSON, MD 5,0415.0k $334.9k $334.9k 0.05% Reduced -25 -25
81 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 5,0005.0k $332.2k $332.2k 0.01% New
82 Ameritas Advisory Services, LLC 0.02% of their portfolio Lincoln, NE 4,9835.0k $341.3k $341.3k 0.02% Reduced -217 -217
83 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 4,9715.0k $330.3k $330.3k 0.01% Added +99 +99
84 Marathon Trading Investment Management LLC 0.15% of their portfolio RADNOR, PA 4,6034.6k $305.8k $305.8k 0.15% Added +103 +103
85 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 4,4144.4k $293.0k $293.0k 0.02% Added +2.1k +2,144
86 SMITH, MOORE & CO. 0.04% of their portfolio CLAYTON, MO 4,1744.2k $277.3k $277.3k 0.04% Unchanged
87 WADDELL & ASSOCIATES, LLC 0.04% of their portfolio MEMPHIS, TN 4,1574.2k $276.2k $276.2k 0.04% Unchanged
88 EUDAIMONIA ADVISORS LLC 0.19% of their portfolio Winchester, TN 4,1504.2k $275.7k $275.7k 0.19% New
89 Intercontinental Wealth Advisors, LLC 0.07% of their portfolio SAN ANTONIO, TX 4,0774.1k $270.9k $270.9k 0.07% New
90 FNY Investment Advisers, LLC 0.31% of their portfolio NEW YORK, NY 4,0004.0k $265.0k $265.0k 0.31% New
91 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 3,9493.9k $262.4k $262.4k 0.02% Unchanged
92 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 3,7453.7k $265.3k $265.3k 0.01% Reduced -298 -298
93 Headlands Technologies LLC 0.16% of their portfolio CHICAGO, IL 3,7263.7k $247.6k $247.6k 0.16% New
94 Vanguard Capital Wealth Advisors 0.24% of their portfolio DENVER, CO 3,6003.6k $239.2k $239.2k 0.24% Added +200 +200
95 MERITAGE PORTFOLIO MANAGEMENT 0.02% of their portfolio OVERLAND PARK, KS 3,5003.5k $233.0k $233.0k 0.02% Unchanged
96 JB Capital LLC 0.02% of their portfolio WETHERSFIELD, CT 3,4563.5k $229.6k $229.6k 0.02% Unchanged
97 Secure Asset Management, LLC 0.08% of their portfolio Troy, MI 3,4393.4k $228.5k $228.5k 0.08% Unchanged
98 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 3,4253.4k $224.0k $224.0k 0.00% Added +235 +235
99 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 3,4243.4k $227.5k $227.5k 0.00% Added +34 +34
100 Kovack Advisors, Inc. 0.03% of their portfolio FT. LAUDERDALE, FL 3,3533.4k $222.8k $222.8k 0.03% New