United States Oil Fund (USO)

FINANCE: GENERAL FINANCE
SIC: COMMODITY CONTRACTS BROKERS & DEALERS

1850 MT. DIABLO BLVD. WALNUT CREEK, CA 94596

United States Oil Fund, LP (USOF), a Delaware limited partnership, is a commodity pool that will issue units that may be purchased and sold on the American Stock Exchange. The investment objective of USOF is for the units' net asset value to reflect the performance of the spot price of West Texas Intermediate light, sweet crude oil delivered to Cushing, Oklahoma, less USOF's expenses. USOF seeks to achieve its investment objective by investing in a mix of Oil Futures Contracts and Other Oil Interests such that USOF's NAV will closely track the price of a specified Oil Futures Contract. The General Partner believes the Benchmark Oil Futures Contract historically exhibited a close correlation with the spot price of WTI light, sweet crude oil. On any Valuation Day, the Benchmark Oil Futures Contract is the near month futures contract for WTI light, sweet crude oil traded on the New York Mercantile Exchange unless the near month futures contract will expire within two weeks of the Valuation Day, in which case the Benchmark Oil Futures Contract is the second to nearest out month futures contract for WTI light, sweet crude oil traded on the New York Mercantile Exchange. Near Month Contract means the next contract traded on the New York Mercantile Exchange due to expire; Second to Nearest Out Month Contract means the first contract traded on the New York Mercantile Exchange due to expire after the Near Month Contract. This convention is used to define the Benchmark Oil Futures Contract because the General Partner believes from its review of past market activity that most Oil Futures Contracts traded on the New York Mercantile Exchange are closed out or offset by the parties prior to the settlement date of the contract and there is lighter trading during the days immediately preceding settlement. Because there is lighter trading during the two-week period prior to settlement, the trading price of the Near Month Contract may not provide as accurate a reflection of the spot price of oil. The General Partner generally intends to invest in the Second to Nearest Out Month Contract during this period. USOF is not a mutual fund registered under the Investment Company Act of 1940 and is not subject to regulation under such Act. USOF is operated pursuant to the LP Agreement. It is managed and controlled by the General Partner, Victoria Bay Asset Management, LLC. The General Partner is registered as a commodities pool operator with the National Futures Association.

Data based on most recent fiscal year report
Market Cap2.146 Billion Shares Outstanding167.5 Million Avg Volume35.565 Million
1-Yr BETA vs S&P TR Current Ratio74.85 Quick Ratio74.85
View SEC Filings from USO instead.
Q3 2019 All Institutions Hedge Funds 1
To trade USO now:
Filers who had this stock in their top 10: 2 1 (0.1%)
13F Filers holding this stock: 119 11 (1.15%)
Aggregate 13F shares on 09/30/2019: 51.339 Million 4.254 Million
Aggregate 13F shares on 06/30/2019: 59.828 Million 2.998 Million
Percent change: -14.19% 41.92%
Funds creating new positions: 14 4
Funds Adding to an existing position: 19 6
Funds closing out their position: 30 3
Funds reducing their position: 49 1
1 hedge funds as identified by whalewisdom.com through public filings.

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Funds Holding USO (via 13F filings)

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Open Market Buys/Sells Last 60 Days

Open Market Buys (P)

none

Open Market Sells (S)

none

Exercise Derivative Conversion (M)

none

Current/Former Insiders

Insider Name Type Last Reported Shares Held Last Reported Date Filings in past year

CRUMBAUGH STUART P. TREASURER/CFO

  • Officer
0 2017-11-10 0

LOVE JOHN P PRESIDENT AND CEO

  • Officer
0 2016-11-18 0

GERBER MELINDA

  • Director
0 2015-06-19 0

HYLAND JOHN T. CHIEF INVESTMENT OFFICER

  • Officer
2,000 2014-09-18 0

Insider Transactions Last 60 Days

Reporting Owners Transaction Date Transaction Code Shares Share Price Acquired or Disposed Shares Owned Following Transaction Combined shares owned after filing Direct/Indirect Ownership 10b-5
No current insider transactions
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