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United States Oil Fund (USO) ETF Holdings & Analysis
ETFCommodities & Real AssetsUSCF
What USO does
USO delivers its exposure to oil using near-term futures. USO gets exposure to oil using derivatives, like several oil ETPs. The fund predominately holds near-month-futures contracts on WTI, rolling into future contracts every month. This method is particularly sensitive to short-term changes in spot prices. USO held front month contracts until April 17, 2020, at which time following leeway in the prospectus, USO changed the exposure from holding specifically front-month contracts to holding predominantly front-month contracts, 30% next month and 15% contracts with further expiry. USO is structured as a commodities pool, so expect a K-1 at tax time. Long-term holders will be taxed on any gains even if they didn't sell shares.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| WTI CRUDE FUTURE Dec26 | 44.21% | |
| DREY INST PREF GOV MM INST 6546 | 10.43% | |
| US DOLLARS | 6.77% | |
| BNY CASH RESERVE | 4.76% | |
| TRS MACQUARIE MQCP361E 07212026 | 4.56% | |
| TREASURY BILL 0 12/31/2026 | 4.46% | |
| TREASURY BILL 0 2/4/2027 | 4.44% | |
| TRS SOC GEN SGIXCWTI 06182026 | 4.17% | |
| TREASURY BILL 0 11/17/2026 | 2.99% | |
| TREASURY BILL 0 12/1/2026 | 2.09% |
Sector allocation
| Cash & Others | 100.00% |
Geographic allocation
| Other | 64.46% |
| United States | 35.54% |
PortView Portfolio Insights
PortView analyzes how USO fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does USO track?
- USO is the United States Oil Fund, a Commodities & Real Assets ETF issued by USCF.
- What is the expense ratio of USO?
- Expense ratio data for USO is shown on the page when available from our data provider.
- What are the largest holdings in USO?
- Top holdings include WTI CRUDE FUTURE Dec26, DREY INST PREF GOV MM INST 6546, US DOLLARS, BNY CASH RESERVE, TRS MACQUARIE MQCP361E 07212026.
- How can PortView analyze USO overlap with other ETFs?
- PortView computes the holdings overlap between USO and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.