First Trust Natural Gas ETF
FCG
98 hedge funds and large institutions have $160M invested in First Trust Natural Gas ETF in 2025 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 26 increasing their positions, 37 reducing their positions, and 19 closing their positions.
0.3% more ownership
Funds ownership: 47.7% → 48% (+0.3%)
9% less capital inflows, than outflows
Capital inflows: $28.1M | Capital outflows: $31M
7% less funds holding
Funds holding: 105 → 98 (-7)
30% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 37
32% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 19
32% less call options, than puts
Call options by funds: $1.31M | Put options by funds: $1.93M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Financial Sense Advisors
San Diego,
California
|
+$9.9M |
| 2 |
Quadrature Capital
London,
United Kingdom
|
+$5.89M |
| 3 |
Kestra Advisory Services
Austin,
Texas
|
+$4.24M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.23M |
| 5 |
GJL
Gendell Jeffrey L
|
+$702K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.9M |
| 2 |
Morgan Stanley
New York
|
-$4.29M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.34M |
| 4 |
Stratos Investment Management
Beachwood,
Ohio
|
-$2.17M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.98M |
FCG Hedge Fund Activity: Q3 2025 in Review
98 of the 7,652 institutional investors tracked by Wall St. Rank reported a position in First Trust Natural Gas ETF (FCG) for Q3 2025, worth a combined $160M — down 0.16% from $160M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of FCG and 13 opened new positions — a net loss of 6 holders — while 37 trimmed existing stakes and 26 added.
The largest buyer was Financial Sense Advisors, adding an estimated $9.9M. The largest seller was Ameriprise, cutting an estimated $6.9M.
- 98 institutional investors held First Trust Natural Gas ETF (FCG) as of Q3 2025, down from 105 in Q2 2025.
- Funds reported $160M of First Trust Natural Gas ETF stock for Q3 2025, down 0.16% quarter-over-quarter.
- 13 funds opened new First Trust Natural Gas ETF positions in Q3 2025 and 19 closed out, a net change of -6 holders.
- The largest First Trust Natural Gas ETF buyer in Q3 2025 was Financial Sense Advisors, an estimated $9.9M added.
- The largest First Trust Natural Gas ETF seller in Q3 2025 was Ameriprise, an estimated $6.9M sold.
Based on aggregated 13F filings for Q3 2025.