Vault-13

UNITED STS OIL FD LP USO

UNITS · ETP · CUSIP 91232N207

174 institutional holders -18 vs Q1 2026
16,908,93116.9m shares reported held*
$1.8bnreported value*
43 new 46 added 53 reduced 60 sold out net bought ≈ $215.4m (+637.3k 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 ($221.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.44. Options: 41 managers hold calls ($5.0bn notional), 46 hold puts ($5.1bn).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 187Q4 22: 200Q1 23: 182Q2 23: 166Q3 23: 178Q4 23: 187Q1 24: 178Q2 24: 178Q3 24: 166Q4 24: 170Q1 25: 151Q2 25: 150Q3 25: 144Q4 25: 141Q1 26: 192Q2 26: 174174Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022187
Q4 2022200
Q1 2023182
Q2 2023166
Q3 2023178
Q4 2023187
Q1 2024178
Q2 2024178
Q3 2024166
Q4 2024170
Q1 2025151
Q2 2025150
Q3 2025144
Q4 2025141
Q1 2026192
Q2 2026174

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 58 bought or addedQ3 24: 76 cut or sold outQ4 24: 59 bought or addedQ4 24: 80 cut or sold outQ4 24Q1 25: 51 bought or addedQ1 25: 82 cut or sold outQ2 25: 56 bought or addedQ2 25: 62 cut or sold outQ2 25Q3 25: 48 bought or addedQ3 25: 71 cut or sold outQ4 25: 45 bought or addedQ4 25: 66 cut or sold outQ4 25Q1 26: 121 bought or addedQ1 26: 57 cut or sold outQ2 26: 89 bought or addedQ2 26: 113 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245876
Q4 20245980
Q1 20255182
Q2 20255662
Q3 20254871
Q4 20254566
Q1 202612157
Q2 202689113

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ3 25 calls: $1.1bnQ3 25 puts: $1.1bnQ3 25P/C 1.01Q4 25 calls: $826.0mQ4 25 puts: $800.6mQ4 25P/C 0.97Q1 26 calls: $5.9bnQ1 26 puts: $6.1bnQ1 26P/C 1.02Q2 26 calls: $5.0bnQ2 26 puts: $5.1bnQ2 26P/C 1.02
Numbers
QuarterCallsPutsP/C
Q3 2025$1.1bn$1.1bn1.01
Q4 2025$826.0m$800.6m0.97
Q1 2026$5.9bn$6.1bn1.02
Q2 2026$5.0bn$5.1bn1.02

Biggest buyers

MORGAN STANLEY Added +1,218,912+1.2m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +1,100,000+1.1m
HRT FINANCIAL LP Added +484,873+484.9k
CIBC WORLD MARKET INC. New +400,788+400.8k
UBS Group AG Added +378,797+378.8k
CITIGROUP INC Added +302,576+302.6k
GOLDMAN SACHS GROUP INC Added +266,748+266.7k
BANK OF AMERICA CORP /DE/ Added +244,766+244.8k
SIMPLEX TRADING, LLC Added +160,949+160.9k
Harvest Fund Management Co., Ltd Added +149,769+149.8k

Biggest sellers

Brevan Howard Capital Management LP Sold out -1,400,000-1.4m
JANE STREET GROUP, LLC Reduced -1,087,120-1.1m
CITADEL ADVISORS LLC Reduced -586,197-586.2k
BARCLAYS PLC Reduced -320,729-320.7k
CIBC Bancorp USA Inc. Reduced -218,800-218.8k
Newbrook Capital Advisors LP Sold out -173,657-173.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -159,129-159.1k
Hamilton Wealth, LLC Sold out -144,076-144.1k
Cavalier Investments, LLC Sold out -121,831-121.8k
FLOW TRADERS U.S. LLC Sold out -78,101-78.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6bn15.4m shares
CITADEL ADVISORS LLC Reduced $777.9m7.3m shares
JANE STREET GROUP, LLC Added $741.5m7.0m shares
IMC-Chicago, LLC Added $474.5m4.5m shares
GOLDMAN SACHS GROUP INC Added $379.6m3.6m shares
GROUP ONE TRADING LLC Reduced $274.5m2.6m shares
SIMPLEX TRADING, LLC Reduced $199.5m1.9m shares
UBS Group AG Added $120.5m1.1m shares
Defiance ETFs, LLC New $115.0m1.1m shares
Tidal Investments LLC Added $61.7m580.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.1bn19.3m shares
CITADEL ADVISORS LLC Reduced $715.4m6.7m shares
JANE STREET GROUP, LLC Reduced $660.5m6.2m shares
IMC-Chicago, LLC Added $515.4m4.8m shares
GROUP ONE TRADING LLC Added $274.1m2.6m shares
SIMPLEX TRADING, LLC Reduced $234.1m2.2m shares
CITIGROUP INC Reduced $186.0m1.7m shares
Centiva Capital, LP Added $83.0m780.1k shares
Carrhae Capital LLP Unchanged $63.5m596.8k shares
GOLDMAN SACHS GROUP INC Reduced $51.4m482.5k 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 since 1 Apr 2026

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.

DateInsiderTradeSharesPrice ValueTheir holding
2026-09-16 HRT FINANCIAL LP 10% owner Bought 43,638 $155.30 $6.8m43.6k shares +51%
2026-09-16 HRT FINANCIAL LP 10% owner Sold 17,023 $157.58 $2.7m17.0k shares -12%
2026-09-15 HRT FINANCIAL LP 10% owner Sold 1,218 $160.76 $195.8k1.2k shares -2%
2026-09-14 HRT FINANCIAL LP 10% owner Bought 101,212 $158.02 $16.0m101.2k shares new
2026-09-11 HRT FINANCIAL LP 10% owner Sold 77,112 $153.79 $11.9m77.1k shares -32%
2026-09-11 HRT FINANCIAL LP 10% owner Bought 3,983 $154.35 $614.8k4.0k shares +2%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 6,670,1756.7m $710.0m $710.0m 0.07% Added +266.7k +266,748
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,424,4933.4m $364.5m $364.5m 0.02% Added +1.2m +1,218,912
3 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.17% of their portfolio TORONTO, A6 1,100,0001.1m $117.1m $117.1m 0.17% New
4 UBS Group AG 0.01% of their portfolio ZURICH, V8 569,929569.9k $60.7m $60.7m 0.01% Added +378.8k +378,797
5 CIBC Bancorp USA Inc. 0.07% of their portfolio CHICAGO, IL 550,337550.3k $58.6m $58.6m 0.07% Reduced -218.8k -218,800
6 HRT FINANCIAL LP 0.13% of their portfolio NEW YORK, NY 511,482511.5k $54.4m $54.4m 0.13% Added +484.9k +484,873
7 SIMPLEX TRADING, LLC 1.36% of their portfolio CHICAGO, IL 490,737490.7k $52.2m $52.2m 1.36% Added +160.9k +160,949
8 CIBC WORLD MARKET INC. 0.07% of their portfolio TORONTO, A6 400,788400.8k $42.7m $42.7m 0.07% New
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 388,647388.6k $41.4m $41.4m 0.00% Added +244.8k +244,766
10 Quadrature Capital Ltd 0.30% of their portfolio LONDON, X0 329,759329.8k $35.1m $35.1m 0.30% Added +90.6k +90,644
11 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 311,726311.7k $33.2m $33.2m 0.02% Added +302.6k +302,576
12 Harvest Fund Management Co., Ltd 1.10% of their portfolio BEIJING, F4 311,082311.1k $33.1m $33.1m 1.10% Added +149.8k +149,769
13 E Fund Management Co., Ltd. 0.36% of their portfolio GUANGZHOU, F4 152,170152.2k $16.2m $16.2m 0.36% Added +35.7k +35,711
14 MIRAE ASSET SECURITIES (USA) INC. 0.71% of their portfolio NEW YORK, NY 150,438150.4k $16.0m $16.0m 0.71% Added +50.4k +50,357
15 Divisadero Street Capital Management, LP 0.35% of their portfolio MIAMI, FL 142,500142.5k $15.2m $15.2m 0.35% New
16 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 139,668139.7k $14.9m $14.9m 0.02% Added +105.8k +105,754
17 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 99,33799.3k $10.6m $10.6m 0.01% Reduced -1.1m -1,087,120
18 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 92,91892.9k $9.9m $9.9m 0.00% Reduced -320.7k -320,729
19 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 74,26074.3k $7.9m $7.9m 0.01% Added +12.1k +12,090
20 GROUP ONE TRADING LLC 0.16% of their portfolio CHICAGO, IL 53,21853.2k $5.7m $5.7m 0.16% Reduced -11.4k -11,359
21 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 48,43848.4k $5.2m $5.2m 0.00% Added +28.9k +28,914
22 Marathon Trading Investment Management LLC 0.52% of their portfolio RADNOR, PA 42,79742.8k $4.6m $4.6m 0.52% Added +30.4k +30,358
23 Centiva Capital, LP 0.14% of their portfolio New York, NY 39,80039.8k $4.2m $4.2m 0.14% New
24 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 39,08439.1k $4.2m $4.2m 0.00% Reduced -6.4k -6,366
25 Irenic Capital Management LP 0.29% of their portfolio NEW YORK, NY 38,50038.5k $4.1m $4.1m 0.29% New
26 WealthCare Asset Management, LLC 1.62% of their portfolio SPRINGFIELD, MO 36,27436.3k $3.9m $3.9m 1.62% New
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 35,06835.1k $3.7m $3.7m 0.00% Reduced -159.1k -159,129
28 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,91234.9k $3.7m $3.7m 0.00% Added +6.0k +5,969
29 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 33,95034.0k $3.6m $3.6m 0.01% Added +1.7k +1,746
30 Exit Wealth Advisors, LLC. 1.14% of their portfolio ATLANTA, GA 23,58723.6k $2.5m $2.5m 1.14% Added +9.9k +9,942
31 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 22,80022.8k $2.4m $2.4m 0.01% Added +2.6k +2,600
32 NATIXIS 0.01% of their portfolio PARIS, I0 22,66522.7k $2.4m $2.4m 0.01% Added +19.9k +19,900
33 Belvedere Trading LLC 0.17% of their portfolio CHICAGO, IL 18,82918.8k $2.0m $2.0m 0.17% Added +18.1k +18,095
34 Marex Group Ltd 0.01% of their portfolio London, X0 17,82417.8k $1.9m $1.9m 0.01% Added +10.8k +10,801
35 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 16,08216.1k $1.7m $1.7m 0.00% New
36 Roan Capital Partners 1.28% of their portfolio JOHNSON CITY, TN 14,48614.5k $1.5m $1.5m 1.28% Reduced -36.7k -36,651
37 Blue Capital, Inc. 0.96% of their portfolio OMAHA, NE 14,23914.2k $1.5m $1.5m 0.96% New
38 PEAK6 LLC 0.04% of their portfolio AUSTIN, TX 13,63313.6k $1.5m $1.5m 0.04% New
39 SIG BROKERAGE, LP 0.23% of their portfolio BALA CYNWYD, PA 13,35113.4k $1.4m $1.4m 0.23% New
40 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 13,19513.2k $1.4m $1.4m 0.00% Reduced -1.8k -1,777
41 Polymer Capital Management (US) LLC 0.21% of their portfolio NEW YORK, NY 13,10013.1k $1.4m $1.4m 0.21% New
42 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 12,73512.7k $1.4m $1.4m 0.00% Reduced -418 -418
43 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 12,66412.7k $1.3m $1.3m 0.00% Reduced -9.6k -9,589
44 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 12,10512.1k $1.3m $1.3m 0.00% New
45 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 11,35911.4k $1.2m $1.2m 0.00% Reduced -642 -642
46 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,16711.2k $1.2m $1.2m 0.00% Reduced -1.2k -1,213
47 Professional Financial Advisors, LLC 0.20% of their portfolio NORTH PLATTE, NE 11,06911.1k $1.2m $1.2m 0.20% New
48 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 10,90010.9k $1.2m $1.2m 0.00% Added +7.4k +7,400
49 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 10,72210.7k $1.1m $1.1m 0.01% Added +885 +885
50 T3 Companies, LLC 1.24% of their portfolio NEW YORK, NY 10,20910.2k $1.1m $1.1m 1.24% New
51 MGO ONE SEVEN LLC 0.02% of their portfolio Beachwood, OH 9,4239.4k $1.0m $1.0m 0.02% Added +1.0k +1,005
52 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 9,4119.4k $1.0m $1.0m 0.01% Reduced -14.0k -14,010
53 MONEY CONCEPTS CAPITAL CORP 0.05% of their portfolio PALM BEACH GARDENS, FL 9,3729.4k $997.6k $997.6k 0.05% New
54 Mariner, LLC 0.00% of their portfolio Overland Park, KS 8,9508.9k $952.6k $952.6k 0.00% Reduced -6.3k -6,268
55 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 8,6518.7k $920.8k $920.8k 0.00% Added +94 +94
56 CenterStar Asset Management, LLC 0.64% of their portfolio CHICAGO, IL 7,7007.7k $819.7k $819.7k 0.64% New
57 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 7,6707.7k $816.4k $816.4k 0.00% Added +1.3k +1,331
58 Keel Point, LLC 0.05% of their portfolio HUNTSVILLE, AL 7,6557.7k $814.8k $814.8k 0.05% Added +409 +409
59 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 7,3327.3k $780.4k $780.4k 0.00% Added +2.1k +2,118
60 Sovereign Financial Group, Inc. 0.11% of their portfolio STAMFORD, CT 7,0447.0k $749.8k $749.8k 0.11% Reduced -6.7k -6,697
61 Icon Wealth Advisors, LLC 0.04% of their portfolio HOUSTON, TX 7,0007.0k $745.1k $745.1k 0.04% New
62 EHRLICH FINANCIAL GROUP 0.35% of their portfolio LAGUNA NIGUEL, CA 6,3716.4k $678.1k $678.1k 0.35% New
63 Security National Bank 0.08% of their portfolio OMAHA, NE 5,9385.9k $632.0k $632.0k 0.08% Added +4.8k +4,822
64 Ignite Planners, LLC 0.09% of their portfolio SAN CLEMENTE, CA 5,9185.9k $629.9k $629.9k 0.09% Added +66 +66
65 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,8505.8k $622.6k $622.6k 0.00% Added +2.5k +2,511
66 INSIGNEO ADVISORY SERVICES, LLC 0.02% of their portfolio MIAMI, FL 5,2945.3k $563.5k $563.5k 0.02% Unchanged
67 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 5,2555.3k $559.3k $559.3k 0.00% Reduced -10.8k -10,764
68 WealthPlan Investment Management, LLC 0.03% of their portfolio OMAHA, NE 5,2505.2k $558.8k $558.8k 0.03% New
69 Three Seasons Wealth, LLC 0.05% of their portfolio SALT LAKE CITY, UT 5,2275.2k $556.4k $556.4k 0.05% New
70 Bison Wealth, LLC 0.05% of their portfolio ATLANTA, GA 4,7694.8k $497.6k $497.6k 0.05% Added +2.1k +2,063
71 Anther Capital Ltd 0.01% of their portfolio HONG KONG, K3 4,3504.3k $463.0k $463.0k 0.01% Reduced -4.2k -4,200
72 HB Wealth Management, LLC 0.00% of their portfolio Atlanta, GA 4,1944.2k $446.4k $446.4k 0.00% Reduced -124 -124
73 EverSource Wealth Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 4,1594.2k $442.7k $442.7k 0.01% Added +4.1k +4,072
74 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,1044.1k $436.8k $436.8k 0.00% Reduced -2.1k -2,134
75 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 4,0314.0k $429.1k $429.1k 0.00% Added +2.4k +2,400
76 Gruss & Co., LLC 1.12% of their portfolio WEST PALM BEACH, FL 4,0004.0k $425.8k $425.8k 1.12% New
77 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 3,9624.0k $421.7k $421.7k 0.00% Reduced -2.1k -2,068
78 Scientech Research LLC 0.34% of their portfolio JERSEY CITY, NJ 3,9544.0k $420.9k $420.9k 0.34% New
79 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,9283.9k $418.1k $418.1k 0.00% Added +692 +692
80 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 3,8923.9k $414.0k $414.0k 0.00% Added +2.1k +2,092
81 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 3,8523.9k $410.0k $410.0k 0.00% Reduced -586.2k -586,197
82 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 3,7553.8k $399.7k $399.7k 0.01% Reduced -38.1k -38,100
83 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 3,6553.7k $391.4k $391.4k 0.00% Reduced -31.7k -31,724
84 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 3,4933.5k $371.8k $371.8k 0.00% Added +1.1k +1,092
85 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,3653.4k $358.1k $358.1k 0.00% Added +445 +445
86 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 3,3613.4k $357.7k $357.7k 0.00% Reduced -1.7k -1,668
87 Tactive Advisors, LLC 0.09% of their portfolio Jacksonville, FL 3,3123.3k $352.5k $352.5k 0.09% New
88 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 3,1563.2k $335.9k $335.9k 0.01% New
89 Integrated Advisors Network LLC 0.02% of their portfolio DALLAS, TX 3,0723.1k $327.0k $327.0k 0.02% New
90 Private Wealth Asset Management, LLC 0.03% of their portfolio OMAHA, NE 3,0003.0k $319.3k $319.3k 0.03% Unchanged
91 Bulltick Wealth Management, LLC 0.07% of their portfolio Miami, FL 3,0003.0k $319.3k $319.3k 0.07% Reduced -37.6k -37,600
92 Daiichi Life International Holdings LLC 9.43% of their portfolio TOKYO, M0 2,7942.8k $297.4k $297.4k 9.43% New
93 FOUNDERS FINANCIAL SECURITIES LLC 0.01% of their portfolio TOWSON, MD 2,6062.6k $277.4k $277.4k 0.01% Reduced -1.6k -1,628
94 Clearstead Advisors, LLC 0.00% of their portfolio CLEVELAND, OH 2,5662.6k $273.1k $273.1k 0.00% Added +23 +23
95 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 2,5442.5k $270.8k $270.8k 0.01% Added +794 +794
96 National Wealth Management Group, LLC 0.08% of their portfolio CINCINNATI, OH 2,5242.5k $268.7k $268.7k 0.08% New
97 Wilkerson Advisory Group LLC 0.08% of their portfolio COLUMBIA, MO 2,5242.5k $268.7k $268.7k 0.08% Reduced -196 -196
98 COLDSTREAM CAPITAL MANAGEMENT INC 0.00% of their portfolio BELLEVUE, WA 2,5002.5k $266.1k $266.1k 0.00% Unchanged
99 Keebeck Wealth Management 0.03% of their portfolio Chicago, IL 2,5002.5k $266.1k $266.1k 0.03% Unchanged
100 ELEVATION POINT WEALTH PARTNERS, LLC 0.00% of their portfolio DENVER, CO 2,4882.5k $264.8k $264.8k 0.00% New