National Fuel Gas
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.
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%)
Top Buyers
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$94.8M |
| 2 |
BlackRock
New York
|
+$22.4M |
| 3 |
Squarepoint
New York
|
+$21.8M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$21.7M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$20.7M |
Top Sellers
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$45.3M |
| 2 |
WA
Waterford Advisors
Orchard Park,
New York
|
-$26.1M |
| 3 |
YCM
Yaupon Capital Management
New York
|
-$25.7M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$17.7M |
| 5 |
ACG
Aventail Capital Group
New York
|
-$17.4M |
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.