Which hedge funds own USO? UNITED STS OIL FD LP, Q2 2026 13F holders
8 of the hedge funds tracked by WhaleCreep disclosed a position in USO (UNITED STS OIL FD LP) in their Q2 2026 13F filings, worth $27.2m in total. The largest holder by portfolio weight is CenterStar Asset Management, LLC at 0.6% of its book. 6 managers opened a new position this quarter: CenterStar Asset Management, LLC, Divisadero Street Capital Management, LP, Scientech Research LLC, Irenic Capital Management LP. 6 exited: Militia Capital Management LLC, Moore Capital Management, LP, Newbrook Capital Advisors LP.
Who discovered USO first?
Earliest meaningful positions among the 12 tracked managers we observed opening USO since Q2 2009.
1 Select Equity Group INC First reported Q2 2009 1.3%initial weight · $58.2m Exitedby Q4 2009 · held 2q -5%stock since Q2 2009
Weight of Select Equity Group INC's 13F book in USO, by quarter
- 1.3% peak weight, Q2 2009
- $58.2m peak reported value
- 2 quarters held
- 64q before the median tracked entry
The stock's split-adjusted price moved -5% between Q2 2009 and Q3 2009, the last quarter this manager reported the position.
2 Tudor Investment Corp ET AL First reported Q2 2010 3.4%initial weight · $15.7m Exitedby Q4 2010 · held 2q +3%stock since Q2 2010
Weight of Tudor Investment Corp ET AL's 13F book in USO, by quarter
- 3.4% peak weight, Q2 2010
- $15.7m peak reported value
- 2 quarters held
- 60q before the median tracked entry
The stock's split-adjusted price moved +3% between Q2 2010 and Q3 2010, the last quarter this manager reported the position.
9 managers already held USO when our coverage of them began
Trian Fund Management, L.P. (Q1 2011), Schonfeld Strategic Advisors LLC (Q1 2026), Citadel Advisors LLC (Q1 2026), Brevan Howard Capital Management LP (Q1 2026), Militia Capital Management LLC (Q1 2026), Newbrook Capital Advisors LP (Q1 2026), Occam Crest Management LP (Q1 2026), Prelude Capital Management, LLC (Q1 2026), Two Sigma Investments, LP (Q1 2026).
Their first filing on record already includes USO, so when they first bought it is unknown. They are not ranked above.
View discovery timeline
- Early holdersQ2 2009 – now12 new tracked holders · 0.7% of tracked managers holding now
Dots mark the ranked managers' first reported quarters. Price is the quarter-end price implied by 13F filings, split-adjusted, shown from Q1 2026 where the series is continuous. Coverage widened in Q1 2026 from about a hundred managers to over a thousand, so holders and new holders are shown relative to the managers filing each quarter.
How this is calculated
13F filings are quarterly snapshots of long US-listed equity positions. They do not show exact purchase dates, intra-quarter trading, short positions, most derivatives, or a manager's actual performance. "First reported" is the first quarter-end filing that shows the position.
A manager is ranked only if we observed it filing, without USO, within two quarters before its first position. Ranking is by the first quarter the position reached 1% of the manager's 13F book in a run of at least 2 filings, then by peak weight. "High conviction" means a peak weight of at least 5%.
Stock changes are the split-adjusted change in the quarter-end price implied by 13F filings, excluding dividends. They describe the stock over the period, not the return any manager earned. Phases are cut where the share of tracked managers holding USO passed one third and two thirds of its peak.
Which hedge funds hold USO? Current holders by portfolio weight
| Manager | As of | Weight of book | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|
| CenterStar Asset Management, LLC | Q2 2026 | 0.6% | $819.7k | 7,700 | – | new |
| Divisadero Street Capital Management, LP | Q2 2026 | 0.4% | $15.2m | 142,500 | – | new |
| Scientech Research LLC | Q2 2026 | 0.3% | $420.9k | 3,954 | – | new |
| Irenic Capital Management LP | Q2 2026 | 0.3% | $4.1m | 38,500 | – | new |
| Centiva Capital, LP | Q2 2026 | 0.1% | $4.2m | 39,800 | – | new |
| Schonfeld Strategic Advisors LLC | Q2 2026 | 0.0% | $780.4k | 7,332 | 41% | added |
| Millennium Management LLC | Q2 2026 | 0.0% | $1.3m | 12,105 | – | new |
| Citadel Advisors LLC | Q2 2026 | 0.0% | $410.0k | 3,852 | -99% | reduced |
Exited since the previous quarter
| Manager | Prior weight | Prior value |
|---|---|---|
| Militia Capital Management LLC | 0.3% | $290.1k |
| Moore Capital Management, LP | 0.1% | $501.6k |
| Newbrook Capital Advisors LP | 12.0% | $22.1m |
| Occam Crest Management LP | 2.3% | $381.8k |
| Prelude Capital Management, LLC | 1.3% | $3.7m |
| Two Sigma Investments, LP | 0.0% | $409.6k |
How has hedge fund ownership of USO changed?
| Quarter | Managers holding | Combined value |
|---|---|---|
| Q2 2026 | 8 | $27.2m |
| Q1 2026 | 9 | $104.9m |
| Q4 2025 | 1 | $95.4k |
| Q3 2025 | 2 | $435.6k |
| Q2 2025 | 2 | $377.1k |
| Q1 2024 | 1 | $1.6m |
| Q3 2023 | 1 | $18.6k |
| Q2 2023 | 1 | $1.1k |
| Q1 2023 | 1 | $1.2k |
| Q4 2022 | 1 | $1.3k |
| Q3 2022 | 2 | $601.0k |
| Q2 2022 | 1 | $4.0k |
| Q1 2022 | 1 | $6.0k |
| Q4 2021 | 1 | $8.0k |
| Q3 2021 | 1 | $8.0k |
| Q2 2021 | 1 | $7.0k |
Counts every tracked manager that disclosed USO in that quarter's filing, including managers that have since stopped filing.