Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

United Sts Oil Fd LP (USO)

210 + 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
↑ +63
Streak
2Q ▲
Buyers last Q
66%

Smart Money Signals — USO

Based on 211 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added USO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
211 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.
🚀

Fast accumulation — +33% more funds vs a year ago

fund count last 6Q
+52 new funds entered over the past year (+33% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks. The peak was reached in just 2 quarters from the low — a sharp move.
🟢

More buyers than sellers — 66% buying

147 buying76 selling
Last quarter: 147 funds were net buyers (100 opened a brand new position + 47 added to an existing one). Only 76 were sellers (39 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+68 vs last Q)

new funds entering per quarter
Funds opening a new USO position: 36 → 18 → 32 → 100. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 22% medium ■ 32% new
96 out of 211 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.
💰

Value +591% but shares only +289% — price-driven

Value
+591%
Shares
+289%
Last quarter: the total dollar value of institutional holdings rose +591%, but actual share count only changed +289%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

27 → 36 → 18 → 32 → 100 new funds/Q
New funds entering each quarter: 36 → 18 → 32 → 100. 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 — 62% veterans vs 29% newcomers

■ 62% veterans ■ 9% 1-2yr ■ 29% new
Entry-cohort mix of 247 holders: 154 (62%) are 2+ year veterans, 21 entered 1–2 years ago, and 72 (29%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 79% AUM from top-100 funds

79% from top-100 AUM funds
20 of 188 holders are among the 100 largest funds by AUM, controlling 79% 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.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 Q1, 147 hedge funds were net buyers of USO (100 opened a new position, 47 added to an existing one), while 76 reduced or exited (39 trimmed, 37 sold completely) — a 66% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 79% of total institutional value in USO is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +63 funds (more new holders than closures). Total institutional holders: 211.

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

-- --

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

Is It Too Late to Buy United Sts Oil Fd LP (USO) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much USO has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 77d ago
USO
-8.4%
SPY
+15.9%

USO outperformed SPY by -24.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 32d ago
USO
-21.4%
SPY
+2.0%

Since the filing became public, USO outperformed SPY by -23.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

12 top-rated funds 3 high-conviction
Consensus
4.8
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: USO
210 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 210 148 41.89%
13F Shares 92M 24M 288.99%
Total Value $11.36B $1.64B 591.38%
New Positions 100 32 +68
Increased Positions 46 25 +21
Closed Positions 38 31 +7
Reduced Positions 32 45 -13
Total Calls 26 16 62.5%
Total Puts 33 13 153.85%
PUT/CALL Ratio 1.27 0.81 Bearish

Statistics: USO

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

210 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rpo LLC 21.04% 53,500 $6.8M
2 Roan Capital Partners 6.01% 51,137 $6.5M
3 Newbrook Capital Advisors LP 3.95% 173,657 $22.1M
4 Hamilton Wealth, LLC 3.90% 432,228 $55.0M
5 Carrhae Capital LLP 2.28% 596,800 $75.9M
6 Bulltick Wealth Management, LLC 1.14% 40,600 $5.2M
7 Cynosure Group, LLC 1.03% 64,625 $8.2M
8 Parker Investment Management, LLC 0.97% 50,009 $6.4M
9 Exit Wealth Advisors, LLC. 0.89% 13,645 $1.7M
10 Harvest Fund Management Co., Ltd 0.87% 161,313 $20.5M
11 Centiva Capital, LP 0.83% 882,100 $112.2M
12 Laidlaw Wealth Management LLC 0.70% 1,585 $202K
13 Portman Square Capital LLP 0.69% 141,300 $18.0M
14 Shay Capital LLC 0.57% 53,300 $6.8M
15 Portman Square Capital LLP 0.56% 113,600 $14.5M
16 Cavalier Investments, LLC 0.52% 151,500 $19.3M
17 Mirae Asset Securities (usa) INC. 0.47% 100,081 $12.7M
18 Mirae Asset Securities (usa) INC. 0.47% 100,000 $12.7M
19 Global View Capital Management LLC 0.46% 13,483 $1.7M
20 E Fund Management Co., Ltd. 0.44% 116,459 $14.8M
21 Indie Asset Partners, LLC 0.42% 2,897 $369K
22 Cavalier Investments, LLC 0.42% 121,831 $15.5M
23 Clear Investment Research, LLC 0.40% 1,992 $253K
24 Quadrature Capital Ltd 0.36% 239,115 $30.4M
25 Garden State Investment Advisory Services LLC 0.35% 12,500 $1.6M
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added USO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for USO?

More buyers than sellers — 66% buying: Last quarter: 147 funds were net buyers (100 opened a brand new position + 47 added to an existing one). Only 76 were sellers (39 trimmed + 37 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for USO holders?

Elite ownership — 79% AUM from top-100 funds: 20 of 188 holders are among the 100 largest funds by AUM, controlling 79% 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?

45% of holders stayed for 2+ years: 96 out of 211 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.

Is it too late to buy United Sts Oil Fd LP (USO) following the 2026 Q1 hedge fund 13F filings?

As of today, USO has moved -21.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -23.4%. Since the quarter end (March 31, 2026), USO has gained -8.4% vs +15.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Full history →