Who owns USO (USO)
Which tracked institutional funds hold USO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See USO company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on USO is one-sided between 2025-Q4 and 2026-Q1: 76 added or opened and 14 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
USO’s largest tracked holder by dollar value, GOLDMAN SACHS GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in USO divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 189 tracked filers holding USO, 125 increased or opened the position and 68 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in USO between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 35
- CIBC Bancorp USA Inc.$98M
- Hamilton Wealth, LLC$55M
- SIMPLEX TRADING, LLC$42M
- Newbrook Capital Advisors LP$22M
- Point72 Asset Management, L.P.$17M
- Cavalier Investments, LLC$16M
Full exits 8
- Caption Management, LLC$5M
- AlphaQuest LLC$2M
- SIG BROKERAGE, LP$2M
- IMC-Chicago, LLC$750K
- NewEdge Advisors, LLC$710K
- TWO SIGMA SECURITIES, LLC$653K
Largest adds
- GOLDMAN SACHS GROUP INC$729M
- MORGAN STANLEY$257M
- JANE STREET GROUP, LLC$140M
- BARCLAYS PLC$38M
- Quadrature Capital Ltd$29M
- UBS Group AG$18M
Largest trims
- CITADEL ADVISORS LLC$55M
- Indie Asset Partners, LLC$2M
- BANK OF MONTREAL /CAN/$1M
- Headlands Technologies LLC$1M
- Lido Advisors, LLC$606K
- Cerity Partners LLC$344K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC added | 6,403,427 | $815M | 41.2% | 2026-Q1 |
| MORGAN STANLEY added | 2,205,581 | $281M | 14.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 1,186,457 | $151M | 7.6% | 2026-Q1 |
| CIBC Bancorp USA Inc. new | 769,137 | $98M | 4.9% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 590,049 | $75M | 3.8% | 2026-Q1 |
| Hamilton Wealth, LLC new | 432,228 | $55M | 2.8% | 2026-Q1 |
| BARCLAYS PLC added | 413,647 | $53M | 2.7% | 2026-Q1 |
| SIMPLEX TRADING, LLC added | 329,788 | $42M | 2.1% | 2026-Q1 |
| Quadrature Capital Ltd added | 239,115 | $30M | 1.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 194,197 | $25M | 1.2% | 2026-Q1 |
| UBS Group AG added | 191,132 | $24M | 1.2% | 2026-Q1 |
| Newbrook Capital Advisors LP new | 173,657 | $22M | 1.1% | 2026-Q1 |
| Harvest Fund Management Co., Ltd trimmed | 161,313 | $21M | 1.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 143,881 | $18M | 0.9% | 2026-Q1 |
| Point72 Asset Management, L.P. new | 132,500 | $17M | 0.9% | 2026-Q1 |
| Cavalier Investments, LLC added | 121,831 | $16M | 0.8% | 2026-Q1 |
| E Fund Management Co., Ltd. added | 116,459 | $15M | 0.7% | 2026-Q1 |
| MIRAE ASSET SECURITIES (USA) INC. added | 100,081 | $13M | 0.6% | 2026-Q1 |
| FLOW TRADERS U.S. LLC added | 78,101 | $10M | 0.5% | 2026-Q1 |
| Cynosure Group, LLC new | 64,625 | $8M | 0.4% | 2026-Q1 |
| GROUP ONE TRADING LLC added | 64,577 | $8M | 0.4% | 2026-Q1 |
| Cetera Investment Advisers added | 62,170 | $8M | 0.4% | 2026-Q1 |
| Roan Capital Partners new | 51,137 | $7M | 0.3% | 2026-Q1 |
| Parker Investment Management, LLC new | 50,009 | $6M | 0.3% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 45,450 | $6M | 0.3% | 2026-Q1 |
| Arkadios Wealth Advisors trimmed | 41,855 | $5M | 0.3% | 2026-Q1 |
| Bulltick Wealth Management, LLC added | 40,600 | $5M | 0.3% | 2026-Q1 |
| CANTOR FITZGERALD, L. P. added | 39,272 | $5M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 35,379 | $5M | 0.2% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 33,914 | $4M | 0.2% | 2026-Q1 |
| US BANCORP \DE\ added | 32,791 | $4M | 0.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 32,204 | $4M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 28,943 | $4M | 0.2% | 2026-Q1 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 28,700 | $4M | 0.2% | 2026-Q1 |
| HRT FINANCIAL LP added | 26,609 | $3M | 0.2% | 2026-Q1 |
| Empowered Funds, LLC new | 23,421 | $3M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 22,253 | $3M | 0.1% | 2026-Q1 |
| Daiwa Securities Group Inc. trimmed | 20,200 | $3M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 19,524 | $2M | 0.1% | 2026-Q1 |
| Synergy Asset Management, LLC added | 18,047 | $2M | 0.1% | 2026-Q1 |
| Tower Research Capital LLC (TRC) added | 17,405 | $2M | 0.1% | 2026-Q1 |
| SILVER OAK SECURITIES, INCORPORATED added | 16,115 | $2M | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 16,019 | $2M | 0.1% | 2026-Q1 |
| Mariner, LLC added | 15,218 | $2M | 0.1% | 2026-Q1 |
| LPL Financial LLC trimmed | 14,972 | $2M | 0.1% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. added | 14,015 | $2M | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 1,400,000 | $2M | 0.1% | 2026-Q1 |
| Sovereign Financial Group, Inc. new | 13,741 | $2M | 0.1% | 2026-Q1 |
| Exit Wealth Advisors, LLC. new | 13,645 | $2M | 0.1% | 2026-Q1 |
| Global View Capital Management LLC new | 13,483 | $2M | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 13,153 | $2M | 0.1% | 2026-Q1 |
| Marathon Trading Investment Management LLC added | 12,439 | $2M | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 12,380 | $2M | 0.1% | 2026-Q1 |
| Lido Advisors, LLC trimmed | 12,001 | $2M | 0.1% | 2026-Q1 |
| Ascentis Independent Advisors added | 10,898 | $1M | 0.1% | 2026-Q1 |
| Waverly Advisors, LLC added | 9,837 | $1M | 0.1% | 2026-Q1 |
| Concurrent Investment Advisors, LLC new | 9,476 | $1M | 0.1% | 2026-Q1 |
| CITIGROUP INC trimmed | 9,150 | $1M | 0.1% | 2026-Q1 |
| DV Trading LLC added | 8,975 | $1M | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 8,557 | $1M | 0.1% | 2026-Q1 |
| Anther Capital Ltd new | 8,550 | $1M | 0.1% | 2026-Q1 |
| MGO ONE SEVEN LLC trimmed | 8,418 | $1M | 0.1% | 2026-Q1 |
| Arax Advisory Partners added | 7,427 | $945K | 0.0% | 2026-Q1 |
| Sowell Financial Services LLC added | 7,324 | $932K | 0.0% | 2026-Q1 |
| Marex Group plc trimmed | 7,023 | $894K | 0.0% | 2026-Q1 |
| Kovack Advisors, Inc. added | 6,428 | $814K | 0.0% | 2026-Q1 |
| Cresset Asset Management, LLC trimmed | 6,373 | $811K | 0.0% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 6,339 | $807K | 0.0% | 2026-Q1 |
| Creative Planning trimmed | 6,238 | $794K | 0.0% | 2026-Q1 |
| SCOTIA CAPITAL INC. added | 6,030 | $767K | 0.0% | 2026-Q1 |
| WealthCare Investment Partners, LLC | 6,634 | $752K | 0.0% | 2026-Q1 |
| Ignite Planners, LLC | 5,852 | $745K | 0.0% | 2026-Q1 |
| INSIGNEO ADVISORY SERVICES, LLC trimmed | 5,294 | $674K | 0.0% | 2026-Q1 |
| COMMERCE BANK new | 5,270 | $671K | 0.0% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC added | 5,214 | $663K | 0.0% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL trimmed | 5,029 | $640K | 0.0% | 2026-Q1 |
| HB Wealth Management, LLC added | 4,318 | $549K | 0.0% | 2026-Q1 |
| FOUNDERS FINANCIAL SECURITIES LLC | 4,234 | $538K | 0.0% | 2026-Q1 |
| DRW Securities, LLC trimmed | 4,000 | $509K | 0.0% | 2026-Q1 |
| MOORE CAPITAL MANAGEMENT, LP trimmed | 3,942 | $502K | 0.0% | 2026-Q1 |
| Corigliano Investment Advisers, LLC new | 135,500 | $10M | 0.5% | 2025-Q2 stale |
| Hartree Partners, LP added | 125,000 | $9M | 0.5% | 2025-Q3 stale |
| Qube Research & Technologies Ltd added | 75,099 | $6M | 0.3% | 2025-Q1 stale |
| Caption Management, LLC new | 75,200 | $5M | 0.3% | 2025-Q4 stale |
| EHP Funds Inc. added | 41,000 | $3M | 0.2% | 2025-Q1 stale |
| Jain Global LLC trimmed | 41,877 | $3M | 0.2% | 2025-Q3 stale |
| AlphaQuest LLC added | 29,724 | $2M | 0.1% | 2025-Q4 stale |
| SIG BROKERAGE, LP | 28,617 | $2M | 0.1% | 2025-Q4 stale |
| WOLVERINE TRADING, LLC added | 24,584 | $2M | 0.1% | 2025-Q3 stale |
| Itau Unibanco Holding S.A. added | 20,000 | $1M | 0.1% | 2025-Q3 stale |
| Meridian Wealth Management, LLC | 19,208 | $1M | 0.1% | 2025-Q2 stale |
| Global Wealth Management, LLC | 12,220 | $901K | 0.0% | 2025-Q3 stale |
| Sigma Planning Corp added | 10,656 | $779K | 0.0% | 2025-Q2 stale |
| IMC-Chicago, LLC trimmed | 10,847 | $750K | 0.0% | 2025-Q4 stale |
| NewEdge Advisors, LLC trimmed | 10,272 | $710K | 0.0% | 2025-Q4 stale |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. trimmed | 8,466 | $655K | 0.0% | 2025-Q1 stale |
| TWO SIGMA SECURITIES, LLC added | 9,444 | $653K | 0.0% | 2025-Q4 stale |
| Arete Wealth Advisors, LLC trimmed | 7,813 | $540K | 0.0% | 2025-Q4 stale |
| Verde Servicos Internacionais S.A. trimmed | 7,000 | $516K | 0.0% | 2025-Q3 stale |
| Keel Point, LLC | 7,246 | $501K | 0.0% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.