National Fuel Gas
655 hedge funds and large institutions have $6.17B invested in National Fuel Gas in 2026 Q2 according to their latest regulatory filings, with 91 funds opening new positions, 263 increasing their positions, 180 reducing their positions, and 90 closing their positions.
798% more call options, than puts
Call options by funds: $32M | Put options by funds: $3.57M
47% more capital inflows, than outflows
Capital inflows: $837M | Capital outflows: $570M
46% more repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 180
3.59% more ownership
Funds ownership: 80.02% → 83.6% (+3.6%)
1% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 90
1% less funds holding
Funds holding: 662 → 655 (-7)
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sound Shore Management
Greenwich,
Connecticut
|
+$74.7M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$63.6M |
| 3 |
Blackstone Inc
New York
|
+$53.7M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$48.7M |
| 5 |
BlackRock
New York
|
+$44.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vaughan Nelson Investment Management
Houston,
Texas
|
-$63.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$54M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$42.2M |
| 4 |
Jupiter Asset Management
London,
United Kingdom
|
-$38.5M |
| 5 |
Two Sigma Investments
New York
|
-$31.2M |
NFG Hedge Fund Activity: Q2 2026 in Review
655 of the 8,365 institutional investors tracked by Wall St. Rank reported a position in National Fuel Gas (NFG) for Q2 2026, worth a combined $6.17B — down 14% from $7.14B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new NFG positions and 90 closed out — a net gain of 1 holder — while 263 added to existing stakes and 180 trimmed.
The largest buyer was Sound Shore Management, opening a new position worth an estimated $74.7M. The largest seller was Vaughan Nelson Investment Management, exiting entirely with an estimated $63.9M sold.
- 655 institutional investors held National Fuel Gas (NFG) as of Q2 2026, down from 662 in Q1 2026.
- Funds reported $6.17B of National Fuel Gas stock for Q2 2026, down 14% quarter-over-quarter.
- 91 funds opened new National Fuel Gas positions in Q2 2026 and 90 closed out, a net change of +1 holder.
- The largest National Fuel Gas buyer in Q2 2026 was Sound Shore Management, an estimated $74.7M added.
- The largest National Fuel Gas seller in Q2 2026 was Vaughan Nelson Investment Management, an estimated $63.9M sold.
Based on aggregated 13F filings for Q2 2026.