USO — UNITED STS OIL FD LP
Reported value held$3.49B
Funds holding (latest)20
Sector—
Funds holding (Q2 2026)11
Institutional value$3.46B · 32.53M sh
New / Add / Cut / Exit3 / 4 / 4 / 3
Top-5 / Top-10 concentration98.6% / 100.0%
Institutional holdings change
Reducing -11.1%
(-4.07M sh)
Institutional value change
Down -25.7%
As of Q2 2026, 11 SEC-registered investment managers reported holding USO (UNITED STS OIL FD LP) in their latest 13F filings, with a combined reported value of $3.46B across 32.53M shares. That is -11.1% by share count (-4.07M shares) versus the previous quarter, while reported value moved -25.7%. Ownership is concentrated: the five largest holders account for 98.6% of reported value and the top ten for 100.0%.
Compared with the prior quarter, 3 opened new positions, 4 added to existing stakes, 4 trimmed, 3 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.
All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.
Q2 2026 — 11 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Citadel Advisors history | 14.03M | $1.49B | 0.18% | Reduce |
| Goldman Sachs Group history | 10.72M | $1.14B | 0.10% | Reduce |
| Morgan Stanley history | 3.42M | $364.50M | 0.02% | Add |
| Citigroup Inc history | 2.21M | $235.19M | 0.08% | Reduce |
| UBS Group AG history | 1.70M | $181.21M | 0.02% | Add |
| Bank of America Corp history | 388.65K | $41.37M | 0.00% | Add |
| JPMorgan Chase & Co history | 18.66K | $2.00M | 0.00% | New |
| Northern Trust Corp history | 16.08K | $1.71M | 0.00% | New |
| Millennium Management history | 12.11K | $1.29M | 0.00% | New |
| Wells Fargo & Co history | 5.25K | $559.34K | 0.00% | Reduce |
| Lazard Asset Management history | 3.49K | $371.80K | 0.00% | Add |
Q1 2026 — 11 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Citadel Advisors history | 18.92M | $2.41B | 0.40% | Add |
| Goldman Sachs Group history | 11.15M | $1.42B | 0.17% | Add |
| Citigroup Inc history | 2.83M | $360.12M | 0.16% | Add |
| Morgan Stanley history | 2.21M | $280.66M | 0.02% | Add |
| UBS Group AG history | 1.19M | $151.57M | 0.02% | Reduce |
| Bank of America Corp history | 143.88K | $18.31M | 0.00% | Add |
| Point72 Asset Management history | 132.50K | $16.86M | 0.02% | New |
| Wells Fargo & Co history | 16.02K | $2.04M | 0.00% | Add |
| Moore Capital Management history | 3.94K | $501.62K | 0.01% | New |
| Two Sigma Investments history | 3.22K | $409.62K | 0.00% | New |
| Lazard Asset Management history | 2.40K | $305.53K | 0.00% | New |
Q4 2025 — 9 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Citadel Advisors history | 4.13M | $285.56M | 0.04% | Reduce |
| Goldman Sachs Group history | 3.04M | $210.09M | 0.03% | Add |
| UBS Group AG history | 1.64M | $113.40M | 0.02% | Reduce |
| Morgan Stanley history | 338.83K | $23.43M | 0.00% | Reduce |
| Bank of America Corp history | 66.26K | $4.58M | 0.00% | Reduce |
| Citigroup Inc history | 15.35K | $1.06M | 0.00% | Reduce |
| Millennium Management history | 10.60K | $733.10K | 0.00% | Reduce |
| Wells Fargo & Co history | 3.25K | $224.42K | 0.00% | Reduce |
| PNC Financial Services history | 693 | $47.93K | 0.00% | New |
Q3 2025 — 9 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Citadel Advisors history | 5.15M | $380.17M | 0.06% | Reduce |
| Goldman Sachs Group history | 2.93M | $216.09M | 0.03% | Reduce |
| UBS Group AG history | 2.32M | $170.75M | 0.03% | Add |
| Morgan Stanley history | 1.39M | $102.68M | 0.01% | Add |
| Millennium Management history | 1.21M | $89.31M | 0.04% | Add |
| Bank of America Corp history | 1.07M | $78.56M | 0.01% | Reduce |
| Citigroup Inc history | 538.38K | $39.71M | 0.02% | Reduce |
| Davidson Kempner Capital Management history | 47.16K | $3.48M | 0.07% | New |
| Wells Fargo & Co history | 6.78K | $500.32K | 0.00% | Reduce |
Q2 2025 — 13 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Citadel Advisors history | 8.53M | $623.57M | 0.11% | Add |
| Citadel Advisors history | 8.53M | $623.57M | 0.11% | Add |
| Goldman Sachs Group history | 3.11M | $227.21M | 0.03% | Hold |
| Goldman Sachs Group history | 3.11M | $227.21M | 0.03% | Hold |
| Bank of America Corp history | 2.43M | $177.68M | 0.01% | Add |
| UBS Group AG history | 2.29M | $167.67M | 0.03% | Reduce |
| Citigroup Inc history | 1.66M | $121.32M | 0.06% | Add |
| Morgan Stanley history | 1.18M | $86.11M | 0.01% | Add |
| Morgan Stanley history | 1.18M | $86.11M | 0.01% | Add |
| Millennium Management history | 618.50K | $45.22M | 0.02% | Reduce |
| JPMorgan Chase & Co history | 66.22K | $4.84M | 0.00% | Add |
| JPMorgan Chase & Co history | 66.22K | $4.84M | 0.00% | Add |
| Wells Fargo & Co history | 6.88K | $503.38K | 0.00% | Reduce |
Q1 2025 — 13 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Goldman Sachs Group history | 3.10M | $239.42M | 0.04% | Add |
| Goldman Sachs Group history | 3.10M | $239.42M | 0.04% | Add |
| Citadel Advisors history | 2.91M | $225.16M | 0.04% | Reduce |
| Citadel Advisors history | 2.91M | $225.16M | 0.04% | Reduce |
| UBS Group AG history | 2.68M | $207.62M | 0.04% | Reduce |
| Morgan Stanley history | 1.08M | $83.66M | 0.01% | Add |
| Morgan Stanley history | 1.08M | $83.66M | 0.01% | Add |
| Bank of America Corp history | 1.03M | $79.94M | 0.01% | Add |
| Millennium Management history | 910.30K | $70.39M | 0.04% | New |
| Wells Fargo & Co history | 157.44K | $12.17M | 0.00% | Add |
| Citigroup Inc history | 101.86K | $7.88M | 0.00% | Reduce |
| JPMorgan Chase & Co history | 43.92K | $3.40M | 0.00% | Add |
| JPMorgan Chase & Co history | 43.92K | $3.40M | 0.00% | Add |
New Positions (Q2 2026)
- JPMorgan Chase & Co 18.66K sh · $2.00M
- Northern Trust Corp 16.08K sh · $1.71M
- Millennium Management 12.11K sh · $1.29M
Fully Exited (vs previous quarter)
- Point72 Asset Management sold 132.50K sh · $16.86M
- Moore Capital Management sold 3.94K sh · $501.62K
- Two Sigma Investments sold 3.22K sh · $409.62K
Fund Position History — shares by quarter (top 20 funds)
| Fund | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Citadel Advisors | 14.03M | 18.92M | 4.13M | 5.15M | 8.53M | 2.91M | 4.15M | 3.83M | 1.08M | 799.25K | 2.59M | 6.00M | 6.14M | 6.22M | 6.64M | 5.88M | 6.69M | 8.93M | 9.88M | 6.09M |
| Goldman Sachs Group | 10.72M | 11.15M | 3.04M | 2.93M | 3.11M | 3.10M | 2.10M | 2.45M | 1.73M | 2.34M | 4.32M | 6.44M | 4.43M | 4.43M | 642.35K | 321.50K | 1.30M | 425.39K | 2.26M | 314.77K |
| Morgan Stanley | 3.42M | 2.21M | 338.83K | 1.39M | 1.18M | 1.08M | 548.96K | 875.23K | 429.29K | 529.33K | 508.27K | 211.07K | 389.88K | 413.42K | 475.82K | 414.71K | 547.21K | 598.69K | 790.16K | 939.30K |
| Citigroup Inc | 2.21M | 2.83M | 15.35K | 538.38K | 1.66M | 101.86K | 141.77K | 958.62K | 356.97K | 475.23K | 532.71K | 315.02K | 321.14K | 238.01K | 399.37K | 422.51K | 146.15K | 87.28K | 560.83K | 601.91K |
| UBS Group AG | 1.70M | 1.19M | 1.64M | 2.32M | 2.29M | 2.68M | 3.01M | 8.47M | 4.77M | 4.84M | 2.13M | 932.57K | 935.33K | 822.31K | 3.84K | 116.56K | 29.49K | 6.36K | 3.76K | 4.28K |
| Bank of America Corp | 388.65K | 143.88K | 66.26K | 1.07M | 2.43M | 1.03M | 133.91K | 1.18M | 626.71K | 3.46M | 1.07M | 1.54M | 986.56K | 2.48M | 1.06M | 759.19K | 525.69K | 1.89M | 1.37M | 1.25M |
| JPMorgan Chase & Co | 18.66K | — | — | — | 66.22K | 43.92K | 3.49K | 41.91K | 115.02K | 131.35K | 207.99K | 129.79K | — | 12.47K | 1.04M | 22.75K | 20.43K | 36.98K | 140.04K | 74.90K |
| Northern Trust Corp | 16.08K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Millennium Management | 12.11K | — | 10.60K | 1.21M | 618.50K | 910.30K | — | 299.80K | 490.17K | 904.00K | 1.47M | 650.40K | 481.07K | 710.00K | — | 371.00K | 566.00K | 588.00K | 870.50K | 1.01M |
| Wells Fargo & Co | 5.25K | 16.02K | 3.25K | 6.78K | 6.88K | 157.44K | 6.88K | 9.22K | 12.87K | 297.69K | 372.32K | 86.21K | 829.04K | 7.93K | 10.52K | 16.11K | 15.51K | 112.85K | 23.62K | 26.28K |
| Lazard Asset Management | 3.49K | 2.40K | — | — | — | — | — | — | — | — | — | 11.40K | 21.33K | 26.25K | 9.66K | 9.70K | 22.47K | 26.36K | — | — |
| Point72 Asset Management | — | 132.50K | — | — | — | — | — | — | — | — | — | — | — | 5.20K | — | — | — | — | — | — |
| Two Sigma Investments | — | 3.22K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Davidson Kempner Capital Management | — | — | — | 47.16K | — | — | — | — | — | 77 | — | — | — | — | — | — | — | — | — | — |
| Moore Capital Management | — | 3.94K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| PNC Financial Services | — | — | 693 | — | — | — | — | — | 200 | 216 | 1.34K | 1.84K | 1.84K | 1.84K | 1.34K | 1.14K | 1.14K | 1.14K | 1.14K | 1.44K |
| Fidelity Management & Research (FMR) | — | — | — | — | — | — | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 8 | 8 | 9 |
| Deutsche Bank AG | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 78 | — | — | — | — | — |
| BNY Mellon | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.24K | — | — | — | — |
| Wellington Management Group | — | — | — | — | — | — | — | — | 90.43K | — | 138.60K | — | — | — | 63.40K | 116.10K | 107.40K | — | — | — |