First Trust Natural Gas ETF
FCG
107 hedge funds and large institutions have $208M invested in First Trust Natural Gas ETF in 2025 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 36 increasing their positions, 26 reducing their positions, and 16 closing their positions.
133% more call options, than puts
Call options by funds: $3.6M | Put options by funds: $1.54M
63% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 16
38% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 26
30% more capital invested
Capital invested by funds: $160M → $208M (+$47.9M)
10% more funds holding
Funds holding: 97 → 107 (+10)
1.34% less ownership
Funds ownership: 48% → 46.65% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$17.6M |
| 2 |
LHWM
Lake Hills Wealth Management
Austin,
Texas
|
+$5.59M |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$4.78M |
| 4 |
RAM
Riggs Asset Management
Dallas,
Pennsylvania
|
+$4.37M |
| 5 |
LPL Financial
San Diego,
California
|
+$3.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
-$5.9M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$3.52M |
| 3 |
FSA
Financial Sense Advisors
San Diego,
California
|
-$1.19M |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
-$689K |
| 5 |
DIP
Davis Investment Partners
Charlotte,
North Carolina
|
-$604K |
FCG Hedge Fund Activity: Q4 2025 in Review
107 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in First Trust Natural Gas ETF (FCG) for Q4 2025, worth a combined $208M — up 30% from $160M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FCG positions and 16 closed out — a net gain of 10 holders — while 36 added to existing stakes and 26 trimmed.
The largest buyer was Gendell Jeffrey L, adding an estimated $17.6M. The largest seller was Quadrature Capital, exiting entirely with an estimated $5.9M sold.
- 107 institutional investors held First Trust Natural Gas ETF (FCG) as of Q4 2025, up from 97 in Q3 2025.
- Funds reported $208M of First Trust Natural Gas ETF stock for Q4 2025, up 30% quarter-over-quarter.
- 26 funds opened new First Trust Natural Gas ETF positions in Q4 2025 and 16 closed out, a net change of +10 holders.
- The largest First Trust Natural Gas ETF buyer in Q4 2025 was Gendell Jeffrey L, an estimated $17.6M added.
- The largest First Trust Natural Gas ETF seller in Q4 2025 was Quadrature Capital, an estimated $5.9M sold.
Based on aggregated 13F filings for Q4 2025.