Hamilton Wealth LLC purchased a new stake in shares of United States Oil Fund LP (NYSEARCA:USO – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 432,228 shares of the company’s stock, valued at approximately $55,001,000. United States Oil Fund makes up approximately 3.9% of Hamilton Wealth LLC’s portfolio, making the stock its 11th biggest position. Hamilton Wealth LLC owned about 3.20% of United States Oil Fund as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of USO. Harvest Fund Management Co. Ltd increased its stake in United States Oil Fund by 33.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 239,149 shares of the company’s stock valued at $17,030,000 after purchasing an additional 60,569 shares in the last quarter. Caption Management LLC bought a new stake in shares of United States Oil Fund during the fourth quarter valued at approximately $5,201,000. JPMorgan Chase & Co. lifted its position in United States Oil Fund by 65.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 66,225 shares of the company’s stock valued at $4,842,000 after acquiring an additional 26,102 shares in the last quarter. Parker Investment Management LLC purchased a new stake in United States Oil Fund during the 1st quarter valued at $6,364,000. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of United States Oil Fund in the 3rd quarter worth $3,478,000. Institutional investors own 67.47% of the company’s stock.
More United States Oil Fund News
Here are the key news stories impacting United States Oil Fund this week:
- Positive Sentiment: U.S. crude inventories fell far more than expected. Commercial stockpiles declined by 7.2 million barrels to 404.5 million barrels for the week ended July 24, compared with analysts’ forecast for a 600,000-barrel decline. The larger draw suggests tighter near-term supply and provided a direct boost to oil prices and USO. U.S. Crude Oil Stockpiles Fall More Than Expected
- Positive Sentiment: Renewed U.S.-Iran military tensions increased the risk of supply disruptions. Iranian missile activity and U.S. military interception efforts undermined hopes for a diplomatic breakthrough, while fresh fighting threatened the stability of energy flows through the Middle East and the Strait of Hormuz. Oil prices rose sharply as traders added a geopolitical risk premium. Oil Surges as Fresh Middle East Strikes Threaten Fragile Diplomacy
- Positive Sentiment: OPEC+ may pause production increases after September. A potential pause in output hikes for the remainder of 2026 could limit additional supply and support crude prices, although the group is still expected to increase production in September. OPEC+ likely to pause oil output hikes after September
- Neutral Sentiment: Oil markets remain highly headline-driven. Earlier hopes for renewed U.S.-Iran talks and a possible reopening of Hormuz had pushed prices lower, while technical analysts identified important support levels. A shift toward de-escalation could quickly reverse some of USO’s gains.
- Negative Sentiment: Higher oil prices could weaken demand and economic conditions. India’s finance ministry warned that a sustained crude-price spike could pressure its fiscal deficit and current-account balance, highlighting the broader risk that expensive energy could slow consumption and global growth. India says sustained oil price spike could strain fiscal deficit, current account balances
United States Oil Fund Price Performance
About United States Oil Fund
United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests (shares) traded on the NYSE Arca, Inc (the NYSE Arca). The investment objective of USO is for the daily changes in percentage terms of its shares’ per share net asset value (NAV) to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of the futures contract for light, sweet crude oil traded on the New York Mercantile Exchange, that is the near month contract to expire, except when the near month contract is within over two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less USO’s expenses.
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