Invesco DB Oil Fund (DBO)

Accumulating

Strong institutional accumulation: ownership increased +10.06% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

31.23%

QoQ Change

+10.06%

Total Value

$113.3B

Shares Outstanding

18.7M

Crowding AnalysisCrowded

Holders60of 5,944

Avg: 68

Uncrowded83th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.74x

64th percentile

40 buying23 selling

+20

New

-10

Closed

+2.3M

Net shares

Holding Period Distribution

estimate

Median: 2 QAvg: 2.7 QHolders: 60

Ownership Concentration

Top 5: 64.3%Top 10: 81.8%

WELLS FARGO & COMPANY/MN29.0%

E Fund Management Co.,16.8%

PRUDENTIAL8.1%

JANE STREET GROUP,5.5%

ENVESTNET ASSET MANAGEMENT4.9%

Others (55)35.7%

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Conviction-Weighted Ownership

Median weight: 0.05%Avg weight: 0.15%Max: 0.74%High conviction (>1%): 0

WELLS FARGO & COMPANY/MN

E Fund Management Co.,

PRUDENTIAL

JANE STREET GROUP,

ENVESTNET ASSET MANAGEMENT

PINEBRIDGE INVESTMENTS

Quadrature Capital

Advisory Services Network,

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Narus Financial Partners,

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWE Fund Management Co.$19M980K shr

NEWJANE STREET GROUP$6M323K shr

NEWPINEBRIDGE INVESTMENTS$5M264K shr

NEWQuadrature Capital$5M263K shr

BOUGHTWELLS FARGO & COMPANY/MN$5M243K shr

SOLDWELLS FARGO & COMPANY/MN$1M117K shr

SOLDNarus Financial Partners$1M85K shr

NEWCetera Investment Advisers$537K44K shr

BOUGHTMirae Asset Global Investments Co.$248K20K shr

BOUGHTPRUDENTIAL$205K17K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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