First Trust Natural Gas ETF
FCG
105 hedge funds and large institutions have $160M invested in First Trust Natural Gas ETF in 2025 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 22 increasing their positions, 44 reducing their positions, and 18 closing their positions.
114% more call options, than puts
Call options by funds: $1.27M | Put options by funds: $592K
0% more funds holding
Funds holding: 105 → 105 (0)
0% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 18
2.84% less ownership
Funds ownership: 50.54% → 47.7% (-2.8%)
21% less capital invested
Capital invested by funds: $201M → $160M (-$41.2M)
50% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$16.8M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$5.59M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.37M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$701K |
| 5 |
SIM
Stratos Investment Management
Beachwood,
Ohio
|
+$609K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCAMG
Woodard & Company Asset Management Group
Bermuda Run,
North Carolina
|
-$10.2M |
| 2 |
Two Sigma Investments
New York
|
-$8.65M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$7.51M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$7.12M |
| 5 |
GJL
Gendell Jeffrey L
|
-$4.91M |
FCG Hedge Fund Activity: Q2 2025 in Review
105 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in First Trust Natural Gas ETF (FCG) for Q2 2025, worth a combined $160M — down 21% from $201M a quarter earlier.
Fund positioning in FCG was balanced in Q2 2025: 18 funds opened new positions, 18 closed out, 22 added to existing stakes and 44 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $16.8M. The largest seller was Woodard & Company Asset Management Group, exiting entirely with an estimated $10.2M sold.
- 105 institutional investors held First Trust Natural Gas ETF (FCG) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $160M of First Trust Natural Gas ETF stock for Q2 2025, down 21% quarter-over-quarter.
- 18 funds opened new First Trust Natural Gas ETF positions in Q2 2025 and 18 closed out, a net change of 0 holders.
- The largest First Trust Natural Gas ETF buyer in Q2 2025 was Morgan Stanley, an estimated $16.8M added.
- The largest First Trust Natural Gas ETF seller in Q2 2025 was Woodard & Company Asset Management Group, an estimated $10.2M sold.
Based on aggregated 13F filings for Q2 2025.