United States 12 Month Oil Fund, LP
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
USL$56.01-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedules of Investments at December 31, 2025 and 2024
Schedule of Investments
At December 31, 2025
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · Fair · | ||||||||||
| · · · · · · · Value/Unrealized · · | ||||||||||
| · · · · · · · Gain (Loss) on · · | ||||||||||
| · · · · · · · Open · · | ||||||||||
| · · · · · Number of · · Commodity · · % of Partners’ | ||||||||||
| · · Notional Amount · · Contracts · · Contracts · · Capital | ||||||||||
| Open Commodity Futures Contracts - Long · · · · · · · · · | ||||||||||
| United States Contracts · · · · · · · · · | ||||||||||
| NYMEX WTI Crude Oil Futures CL February 2026 contracts, expiring January 2026 | | $3,662,487 | | 54 | | $(561,808) | | (1.53) | ||
| NYMEX WTI Crude Oil Futures CL March 2026 contracts, expiring February 2026 | | 3,569,070 | 54 | | (479,190) | | (1.31) | |||
| NYMEX WTI Crude Oil Futures CL April 2026 contracts, expiring March 2026 | | 3,395,260 | 54 | | (313,480) | | (0.86) | |||
| NYMEX WTI Crude Oil Futures CL May 2026 contracts, expiring April 2026 | | 3,098,296 | 53 | | (77,296) | | (0.21) | |||
| NYMEX WTI Crude Oil Futures CL June 2026 contracts, expiring May 2026 | | 3,205,130 | 54 | | (126,590) | | (0.35) | |||
| NYMEX WTI Crude Oil Futures CL July 2026 contracts, expiring June 2026 | | 3,323,780 | 54 | | (243,620) | | (0.66) | |||
| NYMEX WTI Crude Oil Futures CL August 2026 contracts, expiring July 2026 | | 3,408,570 | 54 | | (328,410) | | (0.90) | |||
| NYMEX WTI Crude Oil Futures CL September 2026 contracts, expiring August 2026 | | 3,249,480 | 53 | | (227,950) | | (0.62) | |||
| NYMEX WTI Crude Oil Futures CL October 2026 contracts, expiring September 2026 | | 3,251,980 | 53 | | (233,630) | | (0.64) | |||
| NYMEX WTI Crude Oil Futures CL November 2026 contracts, expiring October 2026 | | 3,215,910 | 53 | | (199,150) | | (0.54) | |||
| NYMEX WTI Crude Oil Futures CL December 2026 contracts, expiring November 2026 | | 3,152,430 | 53 | | (135,670) | | (0.37) | |||
| NYMEX WTI Crude Oil Futures CL January 2027 contracts, expiring December 2026 | | 3,121,910 | 53 | | (105,680) | | (0.29) | |||
| Total Open Futures Contracts* | | $39,654,303 | 642 | $(3,032,474) | | (8.28) | ||||
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| | | Shares/Principal | | | | | % of Partners’ |
| · · Amount · · Market Value · · Capital | |||||||
| Cash Equivalents · · · · | |||||||
| United States Money Market Funds · · · · | |||||||
| Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares, 3.71%# | | 11,000,000 | | $11,000,000 | | 30.02 | |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Shares, 3.69%# | 15,630,000 | | | 15,630,000 | 42.65 | ||
| Total United States Money Market Funds | | | $26,630,000 | | 72.67 | ||
*Collateral amounted to $7,949,567 on open commodity futures contracts.
#Reflects the 7-day yield at December 31, 2025.
See accompanying notes to financial statements.
Schedule of Investments
At December 31, 2024
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · Fair · · | ||||||||||
| · · · · · · · Value/Unrealized · · | ||||||||||
| · · · · · · · Gain (Loss) on · · | ||||||||||
| · · · · · · · Open · · | ||||||||||
| · · · · · Number of · · Commodity · · % of Partners’ | ||||||||||
| · · Notional Amount · · Contracts · · Contracts · · Capital | ||||||||||
| Open Commodity Futures Contracts - Long · · · · · · | ||||||||||
| United States Contracts · · · · · · | ||||||||||
| NYMEX WTI Crude Oil Futures CL February 2025 contracts, expiring January 2025 | | $4,169,970 | | 59 | | $61,510 | | 0.12 | ||
| NYMEX WTI Crude Oil Futures CL March 2025 contracts, expiring February 2025 | | 4,264,020 | 60 | | 10,980 | | 0.02 | |||
| NYMEX WTI Crude Oil Futures CL April 2025 contracts, expiring March 2025 | | 4,255,650 | 59 | | (74,910) | | (0.15) | |||
| NYMEX WTI Crude Oil Futures CL May 2025 contracts, expiring April 2025 | | 4,442,450 | 59 | | (282,950) | | (0.57) | |||
| NYMEX WTI Crude Oil Futures CL June 2025 contracts, expiring May 2025 | | 4,278,770 | 59 | | (138,740) | | (0.28) | |||
| NYMEX WTI Crude Oil Futures CL July 2025 contracts, expiring June 2025 | | 4,167,436 | 59 | | (46,876) | | (0.09) | |||
| NYMEX WTI Crude Oil Futures CL August 2025 contracts, expiring July 2025 | | 4,375,270 | 59 | | (275,360) | | (0.56) | |||
| NYMEX WTI Crude Oil Futures CL September 2025 contracts, expiring August 2025 | | 4,028,480 | 59 | | 51,370 | | 0.10 | |||
| NYMEX WTI Crude Oil Futures CL October 2025 contracts, expiring September 2025 | | 3,870,439 | 59 | | 189,351 | | 0.38 | |||
| NYMEX WTI Crude Oil Futures CL November 2025 contracts, expiring October 2025 | | 4,130,860 | 59 | | (89,360) | | (0.18) | |||
| NYMEX WTI Crude Oil Futures CL December 2025 contracts, expiring November 2025 | | 4,028,520 | 59 | | (5,310) | | (0.01) | |||
| NYMEX WTI Crude Oil Futures CL January 2026 contracts, expiring December 2025 | $3,883,380 | 59 | $121,540 | | 0.25 | |||||
| Total Open Futures Contracts* | | $49,895,245 | 709 | $(478,755) | | (0.97) | ||||
| · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · · Shares/Principal · · · · · % of Partners’ | ||||||
| | | Amount | | Market Value | | Capital |
| Cash Equivalents · · · · | ||||||
| United States Money Market Funds · · · · | ||||||
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Shares, 4.43%# | 19,630,000 | | $19,630,000 | 39.72 | ||
| Total United States Money Market Funds | | | $19,630,000 | | 39.72 | |
*Collateral amounted to $18,058,747 on open commodity futures contracts.
#Reflects the 7-day yield at December 31, 2024.
See accompanying notes to financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.