Northern Trust Morningstar Global Upstream Natural Resources ETF
GUNR
317 hedge funds and large institutions have $5.59B invested in Northern Trust Morningstar Global Upstream Natural Resources ETF in 2026 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 115 increasing their positions, 91 reducing their positions, and 24 closing their positions.
83% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 24
26% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 91
6% more funds holding
Funds holding: 298 → 317 (+19)
0.18% more ownership
Funds ownership: 82.9% → 83.08% (+0.18%)
11% less capital invested
Capital invested by funds: $6.26B → $5.59B (-$669M)
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
MAI Capital Management
Independence,
Ohio
|
+$264M |
| 2 |
VA
Valmark Advisers
Akron,
Ohio
|
+$17.6M |
| 3 |
APM
a16z Perennial Management
Menlo Park,
California
|
+$7.91M |
| 4 |
D.E. Shaw & Co
New York
|
+$6.22M |
| 5 |
UB
UMB Bank
Kansas City,
Missouri
|
+$5.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EW
Evoke Wealth
Los Angeles,
California
|
-$268M |
| 2 |
CFFNO
Common Fund For Nonprofit Organizations
Wilton,
Connecticut
|
-$33.1M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$24.7M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$13.5M |
| 5 |
Mercer Global Advisors
Denver,
Colorado
|
-$9.93M |
GUNR Hedge Fund Activity: Q2 2026 in Review
317 institutional investors reported a position in Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) for Q2 2026, worth a combined $5.59B — down 11% from $6.26B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new GUNR positions and 24 closed out — a net gain of 20 holders — while 115 added to existing stakes and 91 trimmed.
The largest buyer was MAI Capital Management, adding an estimated $264M. The largest seller was Evoke Wealth, exiting entirely with an estimated $268M sold.
- 317 institutional investors held Northern Trust Morningstar Global Upstream Natural Resources ETF (GUNR) as of Q2 2026, up from 298 in Q1 2026.
- Funds reported $5.59B of Northern Trust Morningstar Global Upstream Natural Resources ETF stock for Q2 2026, down 11% quarter-over-quarter.
- 44 funds opened new Northern Trust Morningstar Global Upstream Natural Resources ETF positions in Q2 2026 and 24 closed out, a net change of +20 holders.
- The largest Northern Trust Morningstar Global Upstream Natural Resources ETF buyer in Q2 2026 was MAI Capital Management, an estimated $264M added.
- The largest Northern Trust Morningstar Global Upstream Natural Resources ETF seller in Q2 2026 was Evoke Wealth, an estimated $268M sold.
Based on aggregated 13F filings for Q2 2026.