We are live on ! Find out more
NFG icon

National Fuel Gas
NFG

573 hedge funds and large institutions have $5.56B invested in National Fuel Gas in 2025 Q1 according to their latest regulatory filings, with 132 funds opening new positions, 176 increasing their positions, 173 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 132 | Existing positions closed: 48

57% more funds holding in top 10

Funds holding in top 10: 7 → 11 (+4)

33% more capital invested

Capital invested by funds: $4.17B → $5.56B (+$1.38B)

16% more funds holding

Funds holding: 492 → 573 (+81)

1.99% more ownership

Funds ownership: 75.46% → 77.45% (+2%)

2% more repeat investments, than reductions

Existing positions increased: 176 | Existing positions reduced: 173

6% less call options, than puts

Call options by funds: $6.36M | Put options by funds: $6.75M

Holders
573
Holders Change
+81
Holders Change %
+16.46%
% of All Funds
7.68%
Holding in Top 10
11
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+57.14%
% of All Funds
0.15%
New
132
Increased
176
Reduced
173
Closed
48
Calls
$6.36M
Puts
$6.75M
Net Calls
-$388K
Net Calls Change
-$19.3M

Top Buyers

1
LSV Asset Management
LSV Asset Management
Illinois
+$35.4M
2
Invesco
Invesco
Georgia
+$33.1M
3
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$25.6M
4
JAM
Jupiter Asset Management
United Kingdom
+$19M
5
Barclays
Barclays
United Kingdom
+$14.5M

Top Sellers

1
TSW
Thompson Siegel & Walmsley
Virginia
-$51.8M
2
Victory Capital Management
Victory Capital Management
Texas
-$41.8M
3
Geode Capital Management
Geode Capital Management
Massachusetts
-$36.7M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$30.7M
5
YCM
Yaupon Capital Management
New York
-$24M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$30.8M +$14.1M +196,159 +102%
PFC
27
Poplar Forest Capital
California
$30.2M -$3.38M -47,060 -11%
MAP
28
Managed Asset Portfolios
Michigan
$30.1M -$55.7K -775 -0.2%
Millennium Management
29
Millennium Management
New York
$28.6M +$6.38M +88,758 +33%
VRS
30
Virginia Retirement Systems
Virginia
$25.5M +$23.1M +321,520 New
VWM
31
Valley Wealth Managers
New Jersey
$24.2M -$1.26M -17,589 -5%
TSW
32
Thompson Siegel & Walmsley
Virginia
$23.6M -$51.8M -720,855 -71%
Barclays
33
Barclays
United Kingdom
$23.1M +$14.5M +201,618 +223%
Two Sigma Investments
34
Two Sigma Investments
New York
$22.3M +$5.16M +71,689 +34%
JAM
35
Jupiter Asset Management
United Kingdom
$20.9M +$19M +263,825 New
Wells Fargo
36
Wells Fargo
California
$20.7M +$361K +5,014 +2%
RhumbLine Advisers
37
RhumbLine Advisers
Massachusetts
$19.6M -$120K -1,668 -0.7%
VOYA Investment Management
38
VOYA Investment Management
Georgia
$19.1M +$884K +12,294 +5%
YCM
39
Yaupon Capital Management
New York
$18.6M -$24M -333,984 -59%
Prudential Financial
40
Prudential Financial
New Jersey
$18.5M +$9.61M +133,600 +134%
Retirement Systems of Alabama
41
Retirement Systems of Alabama
Alabama
$18.4M -$62.5K -869 -0.4%
N
42
Nuveen
North Carolina
$17.8M +$5.77M +80,176 +55%
ETC
43
Exchange Traded Concepts
Oklahoma
$17.8M +$1.37M +18,981 +9%
Massachusetts Financial Services
44
Massachusetts Financial Services
Massachusetts
$17.6M +$2.15M +29,959 +16%
UBS AM
45
UBS AM
Illinois
$17.5M +$597K +8,304 +4%
KOCAA
46
Knights of Columbus Asset Advisors
Connecticut
$17M +$50.8K +707 +0.3%
Principal Financial Group
47
Principal Financial Group
Iowa
$16.5M -$82.6K -1,149 -0.5%
Voloridge Investment Management
48
Voloridge Investment Management
Florida
$16M +$2.79M +38,823 +24%
Allianz Asset Management
49
Allianz Asset Management
Germany
$15.3M -$3.69M -51,244 -21%
Los Angeles Capital Management
50
Los Angeles Capital Management
California
$14.5M +$13.2M +182,928 New
1
2
3 4 5

NFG Hedge Fund Activity: Q1 2025 in Review

573 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in National Fuel Gas (NFG) for Q1 2025, worth a combined $5.56B — up 33% from $4.17B a quarter earlier.

Buyers outnumbered sellers: 132 funds opened new NFG positions and 48 closed out — a net gain of 84 holders — while 176 added to existing stakes and 173 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $35.4M. The largest seller was Thompson Siegel & Walmsley, cutting an estimated $51.8M.

  • 573 institutional investors held National Fuel Gas (NFG) as of Q1 2025, up from 492 in Q4 2024.
  • Funds reported $5.56B of National Fuel Gas stock for Q1 2025, up 33% quarter-over-quarter.
  • 132 funds opened new National Fuel Gas positions in Q1 2025 and 48 closed out, a net change of +84 holders.
  • The largest National Fuel Gas buyer in Q1 2025 was LSV Asset Management, an estimated $35.4M added.
  • The largest National Fuel Gas seller in Q1 2025 was Thompson Siegel & Walmsley, an estimated $51.8M sold.

Based on aggregated 13F filings for Q1 2025.