Vault-13

UNITED STS OIL FD LP USO

UNITS · ETP · CUSIP 91232N207

178 institutional holders -9 vs Q4 2023
12,441,81712.4m shares reported held*
$913.6mreported value*
26 new 34 added 47 reduced 34 sold out net sold ≈ $136.8m (-927.7k 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 ≈ $73.43. Options: 26 managers hold calls ($1.4bn notional), 25 hold puts ($1.1bn).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 187Q4 22: 200Q1 23: 182Q2 23: 166Q3 23: 178Q4 23: 187Q1 24: 178178Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022187
Q4 2022200
Q1 2023182
Q2 2023166
Q3 2023178
Q4 2023187
Q1 2024178

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 23Q3 23: 63 bought or addedQ3 23: 82 cut or sold outQ3 23Q4 23: 76 bought or addedQ4 23: 85 cut or sold outQ4 23Q1 24: 60 bought or addedQ1 24: 81 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20228286
Q1 20235894
Q2 20235081
Q3 20236382
Q4 20237685
Q1 20246081

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ2 23 calls: $1.1bnQ2 23 puts: $1.3bnQ2 23P/C 1.16Q3 23 calls: $1.6bnQ3 23 puts: $1.9bnQ3 23P/C 1.23Q4 23 calls: $1.5bnQ4 23 puts: $1.4bnQ4 23P/C 0.95Q1 24 calls: $1.4bnQ1 24 puts: $1.1bnQ1 24P/C 0.83
Numbers
QuarterCallsPutsP/C
Q2 2023$1.1bn$1.3bn1.16
Q3 2023$1.6bn$1.9bn1.23
Q4 2023$1.5bn$1.4bn0.95
Q1 2024$1.4bn$1.1bn0.83

Biggest buyers

JANE STREET GROUP, LLC Added +1,514,384+1.5m
Parkwood LLC Added +847,813+847.8k
MORGAN STANLEY Added +571,436+571.4k
Tower Research Capital LLC (TRC) Added +177,620+177.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +158,667+158.7k
CITIGROUP INC Added +142,615+142.6k
CITADEL ADVISORS LLC Added +127,484+127.5k
BANK OF AMERICA CORP /DE/ Added +69,578+69.6k
WOLVERINE TRADING, LLC Added +52,943+52.9k
FLOW TRADERS U.S. LLC Added +50,461+50.5k

Biggest sellers

UBS Group AG Reduced -1,329,845-1.3m
GOLDMAN SACHS GROUP INC Reduced -1,270,805-1.3m
BARCLAYS PLC Reduced -623,367-623.4k
IMC-Chicago, LLC Reduced -402,449-402.4k
WELLINGTON MANAGEMENT GROUP LLP Sold out -138,600-138.6k
NEW YORK STATE COMMON RETIREMENT FUND Sold out -138,600-138.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -134,281-134.3k
VICTORY CAPITAL MANAGEMENT INC Sold out -121,591-121.6k
ALLIANCEBERNSTEIN L.P. Sold out -95,937-95.9k
Ramiah Investment Group Sold out -83,396-83.4k

Biggest calls

UBS Group AG Added $368.1m4.7m shares
JANE STREET GROUP, LLC Reduced $258.6m3.3m shares
BANK OF AMERICA CORP /DE/ Added $159.0m2.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $129.2m1.6m shares
Squarepoint Ops LLC Added $111.7m1.4m shares
Candlestick Capital Management LP New $78.7m1.0m shares
BARCLAYS PLC Reduced $48.2m612.5k shares
MILLENNIUM MANAGEMENT LLC Reduced $42.0m534.0k shares
IMC-Chicago, LLC Reduced $34.3m435.2k shares
CITADEL ADVISORS LLC Reduced $32.3m410.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $453.6m5.8m shares
Squarepoint Ops LLC Added $282.1m3.6m shares
BANK OF AMERICA CORP /DE/ Added $98.4m1.2m shares
JANE STREET GROUP, LLC Reduced $77.9m989.8k shares
BARCLAYS PLC Reduced $51.1m648.8k shares
SIMPLEX TRADING, LLC Added $37.2m473.1k shares
MILLENNIUM MANAGEMENT LLC Reduced $29.1m370.0k shares
IMC-Chicago, LLC Reduced $25.9m328.7k shares
WELLS FARGO & COMPANY/MN Reduced $15.7m199.0k shares
WOLVERINE TRADING, LLC Reduced $15.6m197.8k 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 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JANE STREET GROUP, LLC 0.44% of their portfolio NEW YORK, NY 4,312,0494.3m $339.5m $339.5m 0.44% Added +1.5m +1,514,384
2 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,191,4332.2m $172.5m $172.5m 0.04% Reduced -1.3m -1,270,805
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,587,9841.6m $125.0m $125.0m 0.00% Added +571.4k +571,436
4 Parkwood LLC 0.08% of their portfolio CLEVELAND, OH 998,286998.3k $779.0k $779.0k 0.08% Added +847.8k +847,813
5 FLOW TRADERS U.S. LLC 1.90% of their portfolio NEW YORK, NY 452,504452.5k $35.6m $35.6m 1.90% Added +50.5k +50,461
6 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 375,228375.2k $29.5m $29.5m 0.03% Added +142.6k +142,615
7 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 230,945230.9k $18.2m $18.2m 0.02% Added +127.5k +127,484
8 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 188,117188.1k $14.8m $14.8m 0.00% Added +69.6k +69,578
9 Tower Research Capital LLC (TRC) 0.34% of their portfolio NEW YORK, NY 179,975180.0k $14.2m $14.2m 0.34% Added +177.6k +177,620
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 163,768163.8k $12.9m $12.9m 0.02% Added +158.7k +158,667
11 IMC-Chicago, LLC 0.45% of their portfolio CHICAGO, IL 163,431163.4k $12.9m $12.9m 0.45% Reduced -402.4k -402,449
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 162,063162.1k $12.8m $12.8m 0.00% Reduced -1.3m -1,329,845
13 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 78,62078.6k $6.2m $6.2m 0.00% Added +36.5k +36,459
14 FFG Partners, LLC 2.44% of their portfolio Fort Lauderdale, FL 71,27271.3k $5.6m $5.6m 2.44% Reduced -23.0k -22,985
15 WOLVERINE TRADING, LLC 0.05% of their portfolio CHICAGO, IL 68,56368.6k $5.4m $5.4m 0.05% Added +52.9k +52,943
16 CIBC Private Wealth Group LLC 0.01% of their portfolio ATLANTA, GA 50,34350.3k $4.0m $4.0m 0.01% Reduced -25.1k -25,126
17 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 47,74847.7k $3.8m $3.8m 0.01% Reduced -60.5k -60,538
18 GROUP ONE TRADING LLC 0.12% of their portfolio CHICAGO, IL 43,87143.9k $3.5m $3.5m 0.12% Added +18.4k +18,356
19 Arkadios Wealth Advisors 0.25% of their portfolio ATLANTA, GA 41,07241.1k $3.2m $3.2m 0.25% Added +19.6k +19,567
20 INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.49% of their portfolio Fort Collins, CO 39,11339.1k $3.1m $3.1m 0.49% Added +23.5k +23,473
21 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 38,17438.2k $3.0m $3.0m 0.00% Added +361 +361
22 Krilogy Financial LLC 0.21% of their portfolio ST. LOUIS, MO 34,55334.6k $2.7m $2.7m 0.21% New
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 32,70232.7k $2.6m $2.6m 0.00% Added +19.5k +19,518
24 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 31,64031.6k $2.5m $2.5m 0.01% New
25 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 31,48631.5k $2.5m $2.5m 0.02% Reduced -2.1k -2,143
26 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 30,99131.0k $2.4m $2.4m 0.01% Reduced -3.6k -3,555
27 SIMPLEX TRADING, LLC 0.07% of their portfolio CHICAGO, IL 30,93630.9k $2.4m $2.4m 0.07% Reduced -76.6k -76,593
28 Texas Capital Bank Wealth Management Services Inc 0.26% of their portfolio Dallas, TX 30,00030.0k $2.4m $2.4m 0.26% Reduced -30.0k -30,000
29 Harvest Fund Management Co., Ltd 0.21% of their portfolio BEIJING, F4 29,14229.1k $2.3m $2.3m 0.21% Added +5.8k +5,766
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 28,65828.7k $2.3m $2.3m 0.00% Reduced -134.3k -134,281
31 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 26,00026.0k $2.0m $2.0m 0.01% Added +200 +200
32 Fluent Financial, LLC 1.09% of their portfolio DALLAS, TX 25,10225.1k $2.0m $2.0m 1.09% New
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 23,68723.7k $1.9m $1.9m 0.00% Added +8.9k +8,871
34 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.22% of their portfolio SOUTH NORWALK, CT 20,30020.3k $1.6m $1.6m 0.22% New
35 Prospera Financial Services Inc 0.04% of their portfolio Dallas, TX 18,94218.9k $1.5m $1.5m 0.04% Reduced -11.6k -11,585
36 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 18,64218.6k $1.5m $1.5m 0.01% Reduced -1.7k -1,690
37 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 18,14918.1k $1.4m $1.4m 0.00% Added +10.8k +10,840
38 Global Endowment Management, LP 0.15% of their portfolio CHARLOTTE, NC 18,00018.0k $1.4m $1.4m 0.15% Unchanged
39 Savoie Capital LLC 1.83% of their portfolio CHICAGO, IL 16,91616.9k $13.2m $13.2m 1.83% Reduced -3.1k -3,084
40 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 16,36116.4k $1.3m $1.3m 0.00% Reduced -6.7k -6,671
41 National Wealth Management Group, LLC 0.95% of their portfolio CINCINNATI, OH 15,55115.6k $1.2m $1.2m 0.95% Reduced -1.2k -1,236
42 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 14,84114.8k $1.2m $1.2m 0.01% Added +712 +712
43 PEAK6 Investments LLC 0.06% of their portfolio CHICAGO, IL 14,81414.8k $1.2m $1.2m 0.06% New
44 Powell Investment Advisors, LLC 0.60% of their portfolio MIAMI, FL 14,46014.5k $1.1m $1.1m 0.60% Unchanged
45 MGO ONE SEVEN LLC 0.06% of their portfolio Beachwood, OH 14,42814.4k $1.1m $1.1m 0.06% Added +675 +675
46 Marathon Trading Investment Management LLC 0.44% of their portfolio RADNOR, PA 14,00014.0k $1.1m $1.1m 0.44% Reduced -12.9k -12,891
47 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 13,54213.5k $1.1m $1.1m 0.00% Reduced -623.4k -623,367
48 Brevan Howard Capital Management LP 0.09% of their portfolio ST. HELIER, Y9 13,00013.0k $1.0m $1.0m 0.09% Unchanged
49 SVB WEALTH LLC 0.02% of their portfolio BOSTON, MA 12,78712.8k $1.0m $1.0m 0.02% New
50 Verde Servicos Internacionais S.A. 0.35% of their portfolio SAO PAULO, D5 12,00012.0k $945.0k $945.0k 0.35% New
51 Cavalier Investments, LLC 0.34% of their portfolio ALPHARETTA, GA 11,66411.7k $918.3k $918.3k 0.34% Reduced -5.6k -5,616
52 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 11,10011.1k $873.9k $873.9k 0.00% New
53 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,99111.0k $865.3k $865.3k 0.00% Reduced -657 -657
54 Clearstead Advisors, LLC 0.04% of their portfolio CLEVELAND, OH 10,88310.9k $828.5k $828.5k 0.04% Unchanged
55 SMART Wealth LLC 0.36% of their portfolio Omaha, NE 10,28310.3k $809.6k $809.6k 0.36% Reduced -25.6k -25,577
56 Keebeck Wealth Management 0.12% of their portfolio Chicago, IL 10,00010.0k $787.3k $787.3k 0.12% Added +5.0k +5,000
57 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 9,8519.9k $775.6k $775.6k 0.00% Added +3.9k +3,867
58 Stratos Wealth Advisors, LLC 0.04% of their portfolio BEACHWOOD, OH 9,5299.5k $750.2k $750.2k 0.04% Unchanged
59 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 9,3589.4k $736.8k $736.8k 0.00% Reduced -22.6k -22,576
60 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 8,6608.7k $681.8k $681.8k 0.00% Added +354 +354
61 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,5338.5k $671.8k $671.8k 0.00% Added +16 +16
62 WealthCare Investment Partners, LLC 0.31% of their portfolio PORTSMOUTH, RI 8,0798.1k $636.1k $636.1k 0.31% Reduced -30 -30
63 Keel Point, LLC 0.06% of their portfolio HUNTSVILLE, AL 7,2467.2k $570.5k $570.5k 0.06% Unchanged
64 Integrated Advisors Network LLC 0.03% of their portfolio DALLAS, TX 6,9436.9k $546.6k $546.6k 0.03% Unchanged
65 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 6,8676.9k $540.6k $540.6k 0.00% Added +81 +81
66 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 6,2936.3k $495.0k $495.0k 0.00% New
67 WR Wealth Planners, LLC 0.15% of their portfolio COLUMBIA, MO 6,2736.3k $493.9k $493.9k 0.15% Unchanged
68 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 6,2406.2k $491.3k $491.3k 0.01% Reduced -36.8k -36,754
69 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio ORLANDO, FL 6,0526.1k $482.2k $482.2k 0.05% Added +2.7k +2,713
70 Investmark Advisory Group LLC 0.26% of their portfolio Shelton, CT 5,9275.9k $466.6k $466.6k 0.26% Unchanged
71 Ignite Planners, LLC 0.13% of their portfolio SAN CLEMENTE, CA 5,8445.8k $465.6k $465.6k 0.13% Unchanged
72 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,7845.8k $455.4k $455.4k 0.00% Reduced -1.0k -1,045
73 Beacon Capital Management, LLC 0.09% of their portfolio FRANKLIN, TN 5,5205.5k $434.6k $434.6k 0.09% Reduced -295 -295
74 Mason & Associates Inc 0.11% of their portfolio LOS ANGELES, CA 5,1205.1k $403.1k $403.1k 0.11% Unchanged
75 Simplicity Wealth,LLC 0.01% of their portfolio SUMMIT, NJ 4,9705.0k $391.3k $391.3k 0.01% New
76 Finer Wealth Management, Inc. 0.25% of their portfolio SALEM, MA 4,9244.9k $387.7k $387.7k 0.25% Reduced -757 -757
77 FOUNDERS FINANCIAL SECURITIES LLC 0.04% of their portfolio TOWSON, MD 4,8434.8k $381.3k $381.3k 0.04% Reduced -120 -120
78 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 4,5014.5k $354.4k $354.4k 0.00% New
79 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 4,5014.5k $354.4k $354.4k 0.01% Reduced -2.7k -2,685
80 Fortis Group Advisors, LLC 0.06% of their portfolio WESTWOOD, NJ 4,3924.4k $345.8k $345.8k 0.06% New
81 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 4,1974.2k $330.4k $330.4k 0.00% Unchanged
82 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 4,0904.1k $322.0k $322.0k 0.00% Reduced -5.4k -5,410
83 SMITH, MOORE & CO. 0.03% of their portfolio CLAYTON, MO 4,0064.0k $315.4k $315.4k 0.03% Unchanged
84 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 3,9493.9k $310.9k $310.9k 0.02% Unchanged
85 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 3,8613.9k $304.0k $304.0k 0.02% Reduced -97 -97
86 Truepoint, Inc. 0.01% of their portfolio CINCINNATI, OH 3,7333.7k $293.9k $293.9k 0.01% Unchanged
87 NATIXIS 0.00% of their portfolio PARIS, I0 3,7003.7k $291.3k $291.3k 0.00% Unchanged
88 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 3,5923.6k $283.0k $283.0k 0.00% Added +44 +44
89 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 3,5253.5k $285.0k $285.0k 0.01% New
90 MERITAGE PORTFOLIO MANAGEMENT 0.02% of their portfolio OVERLAND PARK, KS 3,5003.5k $276.0k $276.0k 0.02% Unchanged
91 Larson Financial Group LLC 0.02% of their portfolio ST LOUIS, MO 3,4393.4k $270.8k $270.8k 0.02% Reduced -349 -349
92 JB Capital LLC 0.02% of their portfolio WETHERSFIELD, CT 3,3783.4k $265.9k $265.9k 0.02% Unchanged
93 Secure Asset Management, LLC 0.06% of their portfolio Troy, MI 3,3233.3k $261.6k $261.6k 0.06% Unchanged
94 Kovack Advisors, Inc. 0.03% of their portfolio FT. LAUDERDALE, FL 3,2783.3k $258.1k $258.1k 0.03% New
95 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 3,2093.2k $253.0k $253.0k 0.00% Reduced -39 -39
96 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 3,0013.0k $236.3k $236.3k 0.00% Unchanged
97 Summit Financial Strategies, Inc. 0.03% of their portfolio Columbus, OH 2,9282.9k $230.5k $230.5k 0.03% New
98 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 2,9192.9k $229.8k $229.8k 0.01% Unchanged
99 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 2,8922.9k $227.7k $227.7k 0.00% New
100 Moors & Cabot, Inc. 0.01% of their portfolio BOSTON, MA 2,8352.8k $223.2k $223.2k 0.01% Reduced -4.5k -4,500