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National Fuel Gas
NFG

620 hedge funds and large institutions have $6.39B invested in National Fuel Gas in 2025 Q3 according to their latest regulatory filings, with 87 funds opening new positions, 233 increasing their positions, 190 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more call options, than puts

Call options by funds: $23.9M | Put options by funds: $7.96M

98% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 44

23% more repeat investments, than reductions

Existing positions increased: 233 | Existing positions reduced: 190

13% more funds holding in top 10

Funds holding in top 10: 8 → 9 (+1)

8% more capital invested

Capital invested by funds: $5.9B → $6.39B (+$494M)

6% more funds holding

Funds holding: 584 → 620 (+36)

0.81% less ownership

Funds ownership: 77.34% → 76.53% (-0.81%)

Holders
620
Holders Change
+36
Holders Change %
+6.16%
% of All Funds
8.14%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.12%
New
87
Increased
233
Reduced
190
Closed
44
Calls
$23.9M
Puts
$7.96M
Net Calls
+$15.9M
Net Calls Change
+$24M

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$94.8M
2
BlackRock
BlackRock
New York
+$22.4M
3
Squarepoint
Squarepoint
New York
+$21.8M
4
WHG
Westwood Holdings Group
Texas
+$21.7M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$20.7M

Top Sellers

1
Victory Capital Management
Victory Capital Management
Texas
-$45.3M
2
WA
Waterford Advisors
New York
-$26.1M
3
YCM
Yaupon Capital Management
New York
-$25.7M
4
Ameriprise
Ameriprise
Minnesota
-$17.7M
5
ACG
Aventail Capital Group
New York
-$17.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
KCM
251
Kendall Capital Management
Maryland
$1.35M +$26.6K +305 +2%
DLHL
252
Donald L. Hagan LLC
Florida
$1.35M -$37.2K -427 -3%
MAM
253
Morse Asset Management
Connecticut
$1.34M +$1.23M +14,110 +3,320%
IA
254
Inspire Advisors
Idaho
$1.33M +$309K +3,544 +33%
VI
255
Vestcor Inc
New Brunswick, Canada
$1.32M +$210K +2,404 +20%
MA
256
Montag & Associates
Georgia
$1.32M – – –
TD Asset Management
257
TD Asset Management
Ontario, Canada
$1.28M +$636K +7,300 +111%
Pictet Asset Management
258
Pictet Asset Management
Switzerland
$1.27M -$92.6K -1,062 -7%
Sumitomo Mitsui Trust Group
259
Sumitomo Mitsui Trust Group
Japan
$1.26M +$7.5K +86 +0.6%
QT
260
Quantbot Technologies
New York
$1.25M +$1.04M +11,945 +747%
MF
261
Magnetar Financial
Illinois
$1.2M -$1.94M -22,246 -63%
Lido Advisors
262
Lido Advisors
California
$1.19M -$56.1K -644 -5%
SSA
263
Schonfeld Strategic Advisors
New York
$1.17M -$399K -4,573 -26%
Corient Private Wealth
264
Corient Private Wealth
Florida
$1.15M -$52.1K -598 -5%
Loomis, Sayles & Company
265
Loomis, Sayles & Company
Massachusetts
$1.15M – – –
STA
266
Summit Trail Advisors
New York
$1.14M +$760K +8,718 +242%
EMPI
267
Elo Mutual Pension Insurance
Finland
$1.13M +$117K +1,345 +12%
PAS
268
Park Avenue Securities
New York
$1.1M +$223K +2,556 +27%
Bank of Montreal
269
Bank of Montreal
Ontario, Canada
$1.09M -$89K -1,021 -8%
SA
270
Sanctuary Advisors
Indiana
$1.09M +$210K +2,411 +26%
WANY
271
Wealthspire Advisors (New York)
New York
$1.09M -$10.1K -116 -1%
HFM
272
Harvest Fund Management
China
$1.06M +$336K +3,852 +50%
FPAS
273
Focus Partners Advisor Solutions
Missouri
$1.05M +$692K +7,936 +196%
NHC
274
Nicholas Hoffman & Company
Georgia
$1.04M -$213K -2,440 -18%
HIS
275
Horizon Investment Services
Indiana
$1.03M +$36.4K +418 +4%
9 10
11
12 13

NFG Hedge Fund Activity: Q3 2025 in Review

620 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in National Fuel Gas (NFG) for Q3 2025, worth a combined $6.39B — up 8.4% from $5.9B a quarter earlier.

Buyers outnumbered sellers: 87 funds opened new NFG positions and 44 closed out — a net gain of 43 holders — while 233 added to existing stakes and 190 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $94.8M. The largest seller was Victory Capital Management, cutting an estimated $45.3M.

  • 620 institutional investors held National Fuel Gas (NFG) as of Q3 2025, up from 584 in Q2 2025.
  • Funds reported $6.39B of National Fuel Gas stock for Q3 2025, up 8.4% quarter-over-quarter.
  • 87 funds opened new National Fuel Gas positions in Q3 2025 and 44 closed out, a net change of +43 holders.
  • The largest National Fuel Gas buyer in Q3 2025 was AQR Capital Management, an estimated $94.8M added.
  • The largest National Fuel Gas seller in Q3 2025 was Victory Capital Management, an estimated $45.3M sold.

Based on aggregated 13F filings for Q3 2025.