Vault-13

UNITED STS OIL FD LP USO

UNITS · ETP · CUSIP 91232N207

166 institutional holders -16 vs Q1 2023
8,112,5248.1m shares reported held*
$515.8mreported value*
20 new 30 added 46 reduced 35 sold out net sold ≈ $8.1m (-146.2k 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 ≈ $63.58. Options: 22 managers hold calls ($1.1bn notional), 25 hold puts ($1.3bn).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 187Q4 22: 200Q1 23: 182Q2 23: 166166Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022187
Q4 2022200
Q1 2023182
Q2 2023166

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 23Q2 23: 50 bought or addedQ2 23: 81 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20228286
Q1 20235894
Q2 20235081

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 1.16Q2 23 calls: $1.1bnQ2 23 puts: $1.3bnQ2 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
Q2 2023$1.1bn$1.3bn1.16

Biggest buyers

CITADEL ADVISORS LLC Added +895,883+895.9k
FLOW TRADERS U.S. LLC New +296,442+296.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +285,821+285.8k
Parallax Volatility Advisers, L.P. New +201,502+201.5k
IMC-Chicago, LLC New +160,183+160.2k
ALLIANCEBERNSTEIN L.P. New +154,165+154.2k
BARCLAYS PLC Added +125,921+125.9k
WELLS FARGO & COMPANY/MN Added +121,102+121.1k
MILLENNIUM MANAGEMENT LLC New +106,068+106.1k
GOLDMAN SACHS GROUP INC Added +90,281+90.3k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -1,172,751-1.2m
Wealth High Governance Capital Ltda Sold out -600,000-600.0k
JANE STREET GROUP, LLC Reduced -236,183-236.2k
CREDIT SUISSE AG/ Reduced -205,202-205.2k
BlackRock Inc. Sold out -128,374-128.4k
LITTLEJOHN & CO LLC Reduced -85,530-85.5k
HAP Trading, LLC Reduced -73,681-73.7k
Squarepoint Ops LLC Reduced -54,082-54.1k
GROUP ONE TRADING LLC Reduced -53,219-53.2k
Knollwood Investment Advisory, LLC Sold out -38,915-38.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $396.9m6.2m shares
JANE STREET GROUP, LLC Added $189.9m3.0m shares
CITADEL ADVISORS LLC Reduced $161.2m2.5m shares
Parallax Volatility Advisers, L.P. Added $122.4m1.9m shares
BANK OF AMERICA CORP /DE/ Reduced $47.6m749.8k shares
IMC-Chicago, LLC Reduced $35.3m555.1k shares
WOLVERINE TRADING, LLC Reduced $26.9m427.2k shares
SIMPLEX TRADING, LLC Reduced $22.6m355.8k shares
UBS Group AG Reduced $19.6m308.4k shares
WELLS FARGO & COMPANY/MN New $19.1m300.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $416.0m6.5m shares
GOLDMAN SACHS GROUP INC Reduced $247.8m3.9m shares
CITADEL ADVISORS LLC Added $171.6m2.7m shares
JANE STREET GROUP, LLC Reduced $110.7m1.7m shares
Squarepoint Ops LLC Unchanged $78.5m1.2m shares
BARCLAYS PLC Reduced $43.0m676.9k shares
UBS Group AG Added $36.2m569.5k shares
Parallax Volatility Advisers, L.P. Reduced $31.8m500.0k shares
Waratah Capital Advisors Ltd. New $31.8m500.0k shares
WELLS FARGO & COMPANY/MN New $25.4m400.0k 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 Q2 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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 1,003,1781.0m $63.8m $63.8m 0.09% Reduced -236.2k -236,183
2 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.96% of their portfolio TOKYO, M0 967,400967.4k $61.5m $61.5m 1.96% Unchanged
3 CITADEL ADVISORS LLC 0.06% of their portfolio MIAMI, FL 905,883905.9k $57.6m $57.6m 0.06% Added +895.9k +895,883
4 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 534,821534.8k $34.0m $34.0m 0.01% Added +90.3k +90,281
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio BALA CYNWYD, PA 472,483472.5k $30.0m $30.0m 0.05% Added +285.8k +285,821
6 Squarepoint Ops LLC 0.15% of their portfolio NEW YORK, NY 432,640432.6k $27.5m $27.5m 0.15% Reduced -54.1k -54,082
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 389,879389.9k $24.8m $24.8m 0.00% Reduced -23.5k -23,536
8 COMPASS ROSE ASSET MANAGEMENT, LP 27.44% of their portfolio New York, NY 350,000350.0k $22.2m $22.2m 27.44% Unchanged
9 FLOW TRADERS U.S. LLC 0.82% of their portfolio NEW YORK, NY 296,442296.4k $18.8m $18.8m 0.82% New
10 Parallax Volatility Advisers, L.P. 0.44% of their portfolio San Francisco, CA 201,502201.5k $12.8m $12.8m 0.44% New
11 IMC-Chicago, LLC 0.34% of their portfolio CHICAGO, IL 160,183160.2k $10.2m $10.2m 0.34% New
12 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 154,165154.2k $9.8m $9.8m 0.00% New
13 Stockman Wealth Management, Inc. 2.00% of their portfolio BILLINGS, MT 146,723146.7k $9.3m $9.3m 2.00% Reduced -75 -75
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 129,037129.0k $8.2m $8.2m 0.00% Added +121.1k +121,102
15 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 126,522126.5k $8.0m $8.0m 0.01% Added +125.9k +125,921
16 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 121,038121.0k $7.7m $7.7m 0.01% Added +83.1k +83,129
17 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 106,068106.1k $6.7m $6.7m 0.01% New
18 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 81,92281.9k $5.2m $5.2m 0.01% Reduced -205.2k -205,202
19 GTS SECURITIES LLC 0.16% of their portfolio NEW YORK, NY 79,40279.4k $5.0m $5.0m 0.16% First filing
20 Walleye Trading LLC 0.25% of their portfolio NEW YORK, NY 76,39176.4k $4.9m $4.9m 0.25% Reduced -4.7k -4,679
21 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 69,82569.8k $4.5m $4.5m 0.00% Added +57.6k +57,585
22 Bramshill Investments, LLC 0.37% of their portfolio NAPLES, FL 63,71063.7k $4.0m $4.0m 0.37% Reduced -30.0k -30,000
23 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 60,32960.3k $3.8m $3.8m 0.01% Added +22.4k +22,434
24 UBS Group AG 0.00% of their portfolio ZURICH, V8 57,43057.4k $3.6m $3.6m 0.00% Added +45.6k +45,624
25 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 43,09543.1k $2.7m $2.7m 0.01% Added +14.0k +14,029
26 Weiss Multi-Strategy Advisers LLC 0.05% of their portfolio NEW YORK, NY 40,00040.0k $2.5m $2.5m 0.05% Added +32.0k +32,000
27 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 39,65739.7k $2.5m $2.5m 0.00% Reduced -1.6k -1,612
28 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 38,87538.9k $2.5m $2.5m 0.01% Added +23.4k +23,382
29 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 38,43638.4k $2.4m $2.4m 0.00% Reduced -9.4k -9,425
30 Prospera Financial Services Inc 0.09% of their portfolio Dallas, TX 37,17137.2k $2.4m $2.4m 0.09% Added +200 +200
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 36,76036.8k $2.3m $2.3m 0.00% Reduced -1.2m -1,172,751
32 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 36,28536.3k $2.3m $2.3m 0.02% Reduced -3.1k -3,098
33 LITTLEJOHN & CO LLC 1.57% of their portfolio GREENWICH, CT 35,00035.0k $2.2m $2.2m 1.57% Reduced -85.5k -85,530
34 SIMPLEX TRADING, LLC 0.09% of their portfolio CHICAGO, IL 34,54334.5k $2.2m $2.2m 0.09% Reduced -22.1k -22,124
35 Meridian Wealth Management, LLC 0.18% of their portfolio LEXINGTON, KY 33,98134.0k $2.2m $2.2m 0.18% Added +21.9k +21,867
36 Harvest Fund Management Co., Ltd 0.40% of their portfolio BEIJING, F4 31,01831.0k $2.0m $2.0m 0.40% Reduced -976 -976
37 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 30,53130.5k $1.9m $1.9m 0.00% Reduced -139 -139
38 HAP Trading, LLC 0.55% of their portfolio NEW YORK, NY 30,41530.4k $1.9m $1.9m 0.55% Reduced -73.7k -73,681
39 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 29,91629.9k $1.9m $1.9m 0.05% Added +779 +779
40 Cutler Group LLC / CA 0.38% of their portfolio SAN FRANCISCO, CA 25,33725.3k $1.6m $1.6m 0.38% Reduced -17.4k -17,395
41 GROUP ONE TRADING LLC 0.07% of their portfolio CHICAGO, IL 24,73024.7k $1.6m $1.6m 0.07% Reduced -53.2k -53,219
42 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 21,80021.8k $1.4m $1.4m 0.01% Added +1.4k +1,400
43 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 21,32821.3k $1.4m $1.4m 0.00% Reduced -4.9k -4,925
44 MADDEN SECURITIES Corp 0.67% of their portfolio DALLAS, TX 20,50220.5k $1.3m $1.3m 0.67% Reduced -764 -764
45 Cetera Advisor Networks LLC 0.01% of their portfolio EL SEGUNDO, CA 20,43720.4k $1.3m $1.3m 0.01% Reduced -1.2k -1,162
46 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 18,11318.1k $1.2m $1.2m 0.01% New
47 National Wealth Management Group, LLC 1.35% of their portfolio CINCINNATI, OH 17,55917.6k $1.3m $1.3m 1.35% Reduced -6.4k -6,380
48 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 17,50017.5k $1.1m $1.1m 0.02% Unchanged
49 CENTAURUS FINANCIAL, INC. 0.10% of their portfolio ANAHEIM, CA 17,44617.4k $1.1m $1.1m 0.10% Added +13.0k +13,032
50 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 16,44516.4k $1.0m $1.0m 0.00% Added +15.3k +15,335
51 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 16,14316.1k $1.0m $1.0m 0.01% Reduced -225 -225
52 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 13,20013.2k $838.9k $838.9k 0.00% Reduced -200 -200
53 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 12,74512.7k $810.0k $810.0k 0.00% Reduced -100 -100
54 SVB WEALTH LLC 0.01% of their portfolio BOSTON, MA 12,50012.5k $794.4k $794.4k 0.01% Reduced -1.1k -1,125
55 MGO ONE SEVEN LLC 0.07% of their portfolio Beachwood, OH 12,18812.2k $774.5k $774.5k 0.07% Added +975 +975
56 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 12,07412.1k $767.3k $767.3k 0.00% Reduced -3.3k -3,339
57 Stratos Wealth Advisors, LLC 0.05% of their portfolio BEACHWOOD, OH 12,05812.1k $766.3k $766.3k 0.05% New
58 Clearstead Advisors, LLC 0.04% of their portfolio CLEVELAND, OH 10,88310.9k $691.6k $691.6k 0.04% Unchanged
59 Ascentis Independent Advisors 0.19% of their portfolio DALLAS, TX 10,45210.5k $664.2k $664.2k 0.19% New
60 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 10,14010.1k $644.4k $644.4k 0.00% Reduced -6.2k -6,197
61 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 8,8318.8k $561.2k $561.2k 0.04% Unchanged
62 WealthCare Investment Partners, LLC 0.33% of their portfolio PORTSMOUTH, RI 8,3898.4k $542.2k $542.2k 0.33% Reduced -100 -100
63 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 8,3028.3k $527.6k $527.6k 0.00% Unchanged
64 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,2778.3k $526.0k $526.0k 0.00% Added +230 +230
65 Cetera Advisors LLC 0.01% of their portfolio DENVER, CO 7,9998.0k $508.3k $508.3k 0.01% Reduced -1.4k -1,369
66 Finer Wealth Management, Inc. 0.37% of their portfolio SALEM, MA 7,4377.4k $472.6k $472.6k 0.37% Reduced -190 -190
67 Keel Point, LLC 0.06% of their portfolio HUNTSVILLE, AL 7,2467.2k $460.5k $460.5k 0.06% Unchanged
68 FORMULA GROWTH LTD 0.14% of their portfolio MONTREAL, A8 7,0907.1k $450.6k $450.6k 0.14% Unchanged
69 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 7,0097.0k $445.4k $445.4k 0.03% Unchanged
70 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 6,7906.8k $431.5k $431.5k 0.00% New
71 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 6,7866.8k $431.2k $431.2k 0.00% Added +1.4k +1,395
72 WR Wealth Planners, LLC 0.15% of their portfolio COLUMBIA, MO 6,2736.3k $398.6k $398.6k 0.15% Unchanged
73 PEAK6 Investments LLC 0.03% of their portfolio CHICAGO, IL 6,0516.1k $384.5k $384.5k 0.03% New
74 Investmark Advisory Group LLC 0.25% of their portfolio Shelton, CT 5,9275.9k $376.7k $376.7k 0.25% Unchanged
75 Ignite Planners, LLC 0.15% of their portfolio SAN CLEMENTE, CA 5,8445.8k $384.8k $384.8k 0.15% Unchanged
76 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,7485.7k $365.0k $365.0k 0.00% Reduced -731 -731
77 Strategic Financial Concepts, LLC 0.13% of their portfolio SAN ANTONIO, TX 5,4595.5k $346.9k $346.9k 0.13% New
78 Lion Street Advisors, LLC 0.10% of their portfolio Austin, TX 5,3895.4k $308.0k $308.0k 0.10% New
79 Menard Financial Group LLC 0.67% of their portfolio HOUSTON, TX 5,1685.2k $328.4k $328.4k 0.67% Unchanged
80 FOUNDERS FINANCIAL SECURITIES LLC 0.04% of their portfolio TOWSON, MD 5,0415.0k $320.4k $320.4k 0.04% Unchanged
81 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 4,7334.7k $300.8k $300.8k 0.01% Reduced -238 -238
82 BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio CLAYTON, MO 4,5624.6k $289.9k $289.9k 0.00% New
83 Larson Financial Group LLC 0.03% of their portfolio ST LOUIS, MO 4,4154.4k $280.6k $280.6k 0.03% Added +1.7k +1,674
84 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 4,3094.3k $274.0k $274.0k 0.00% Reduced -1.5k -1,488
85 Marathon Trading Investment Management LLC 0.17% of their portfolio RADNOR, PA 4,2004.2k $266.9k $266.9k 0.17% Reduced -403 -403
86 SMITH, MOORE & CO. 0.03% of their portfolio CLAYTON, MO 4,1744.2k $265.3k $265.3k 0.03% Unchanged
87 WADDELL & ASSOCIATES, LLC 0.04% of their portfolio MEMPHIS, TN 4,1574.2k $264.2k $264.2k 0.04% Unchanged
88 Intercontinental Wealth Advisors, LLC 0.06% of their portfolio SAN ANTONIO, TX 4,0774.1k $259.1k $259.1k 0.06% Unchanged
89 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 3,9493.9k $251.0k $251.0k 0.02% Unchanged
90 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 3,9043.9k $248.1k $248.1k 0.01% Added +616 +616
91 Kovack Advisors, Inc. 0.03% of their portfolio FT. LAUDERDALE, FL 3,7533.8k $238.5k $238.5k 0.03% Added +400 +400
92 Truepoint, Inc. 0.01% of their portfolio CINCINNATI, OH 3,7333.7k $237.2k $237.2k 0.01% Reduced -10.0k -10,000
93 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 3,6873.7k $234.3k $234.3k 0.01% New
94 MERITAGE PORTFOLIO MANAGEMENT 0.02% of their portfolio OVERLAND PARK, KS 3,5003.5k $222.0k $222.0k 0.02% Unchanged
95 JB Capital LLC 0.02% of their portfolio WETHERSFIELD, CT 3,4563.5k $219.6k $219.6k 0.02% Unchanged
96 Secure Asset Management, LLC 0.06% of their portfolio Troy, MI 3,3233.3k $211.2k $211.2k 0.06% Reduced -116 -116
97 Marex Group Ltd 0.04% of their portfolio London, X0 3,3133.3k $210.5k $210.5k 0.04% New
98 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 3,2863.3k $208.8k $208.8k 0.00% Reduced -138 -138
99 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 3,2663.3k $215.1k $215.1k 0.00% Reduced -479 -479
100 NATIXIS 0.00% of their portfolio PARIS, I0 2,5002.5k $158.9k $158.9k 0.00% Unchanged