Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

United Sts Oil Fd LP (USO)

174 + Investors. Track Smart Money conviction in USO. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -9
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — USO

Based on 202 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their USO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
202 hedge funds hold USO right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+32 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 2 quarters from the low — a sharp move.
🟠

More sellers than buyers — 47% buying

121 buying137 selling
Last quarter: 137 funds reduced or exited vs 121 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-41 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 18 → 32 → 100 → 59. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

49% of holders stayed for 2+ years

■ 49% conviction (2yr+) ■ 18% medium ■ 33% new
99 out of 202 hedge funds have held USO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

37 → 18 → 32 → 100 → 59 new funds/Q
New funds entering each quarter: 18 → 32 → 100 → 59. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 60% veterans vs 30% newcomers

■ 60% veterans ■ 10% 1-2yr ■ 30% new
Entry-cohort mix of 244 holders: 146 (60%) are 2+ year veterans, 24 entered 1–2 years ago, and 74 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 72% AUM from top-100 funds

72% from top-100 AUM funds
19 of 176 holders are among the 100 largest funds by AUM, controlling 72% of total institutional value in USO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.4
out of 10
Moderate Exit Risk
Exit risk score 4.4/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — USO

In 2026 Q2, 121 hedge funds were net buyers of USO (59 opened a new position, 62 added to an existing one), while 137 reduced or exited (69 trimmed, 68 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 72% of total institutional value in USO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -9 funds (more exits than new entries). Total institutional holders: 202.

Hedge Fund Ownership: USO

How many hedge funds hold USO — quarterly history vs. share price
Quarterly hedge fund ownership of USO vs. share price

Market Analysis: USO

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: USO

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: USO
174 + Investors

Track Smart Money conviction in USO. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 174 211 -17.54%
13F Shares 92M 92M -0.8%
Total Value $9.74B $11.37B -14.28%
New Positions 59 100 -41
Increased Positions 51 46 +5
Closed Positions 70 38 +32
Reduced Positions 61 32 +29
Total Calls 32 26 23.08%
Total Puts 36 33 9.09%
PUT/CALL Ratio 1.12 1.27 Neutral

Statistics: USO

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Institutional Holders (2026 Q2)

174 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in USO. Verified SEC 13F-HR filings.

QUARTER:
Top 25 USO holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Daiichi Life International Holdings LLC 9.43% 2,794 $297K
2 Sagil Capital LLP 7.60% 200,000 $21.3M
3 Rpo LLC 3.29% 9,400 $1.0M
4 Orvieto Partners, L.P. 2.08% 30,000 $3.2M
5 Rpo LLC 1.93% 5,500 $585K
6 Carrhae Capital LLP 1.75% 596,800 $63.5M
7 GeoSphere Capital Management, LLC 1.74% 50,000 $5.3M
8 SoftVest Advisors, LLC 1.73% 150,000 $16.0M
9 WealthCare Asset Management, LLC 1.60% 36,274 $3.9M
10 Defiance ETFs, LLC 1.56% 1,080,000 $115.0M
11 Roan Capital Partners 1.28% 14,486 $1.5M
12 T3 Companies, LLC 1.16% 10,209 $1.1M
13 Exit Wealth Advisors, LLC. 1.14% 23,587 $2.5M
14 Harvest Fund Management Co., Ltd 1.10% 311,082 $33.1M
15 Gruss & Co., LLC 1.04% 4,000 $426K
16 Blue Capital, Inc. 0.96% 14,239 $1.5M
17 Centiva Capital, LP 0.72% 780,100 $83.0M
18 SoftVest Advisors, LLC 0.58% 50,000 $5.3M
19 Shay Capital LLC 0.55% 80,000 $8.5M
20 Greenberg Financial Group 0.49% 12,500 $1.3M
21 Mirae Asset Securities (usa) INC. 0.45% 150,438 $16.0M
22 Mirae Asset Securities (usa) INC. 0.45% 150,000 $16.0M
23 K2 Principal Fund, L.P. 0.39% 50,000 $5.3M
24 Portman Square Capital LLP 0.38% 75,000 $8.0M
25 E Fund Management Co., Ltd. 0.36% 152,170 $16.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — United Sts Oil Fd LP (USO)

What does the Smart Money Trend signal show for USO?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their USO positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for USO?

More sellers than buyers — 47% buying: Last quarter: 137 funds reduced or exited vs 121 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for USO holders?

Elite ownership — 72% AUM from top-100 funds: 19 of 176 holders are among the 100 largest funds by AUM, controlling 72% of total institutional value in USO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held USO?

49% of holders stayed for 2+ years: 99 out of 202 hedge funds have held USO for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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