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National Fuel Gas
NFG

584 hedge funds and large institutions have $5.9B invested in National Fuel Gas in 2025 Q2 according to their latest regulatory filings, with 80 funds opening new positions, 208 increasing their positions, 205 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 60

6% more capital invested

Capital invested by funds: $5.56B → $5.9B (+$339M)

2% more funds holding

Funds holding: 573 → 584 (+11)

1% more repeat investments, than reductions

Existing positions increased: 208 | Existing positions reduced: 205

0.11% less ownership

Funds ownership: 77.45% → 77.34% (-0.11%)

27% less funds holding in top 10

Funds holding in top 10: 11 → 8 (-3)

70% less call options, than puts

Call options by funds: $3.42M | Put options by funds: $11.5M

Holders
584
Holders Change
+11
Holders Change %
+1.92%
% of All Funds
7.69%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.11%
New
80
Increased
208
Reduced
205
Closed
60
Calls
$3.42M
Puts
$11.5M
Net Calls
-$8.06M
Net Calls Change
-$7.67M

Top Buyers

Rank Fund Capital Flow
1
ACG
Aventail Capital Group
New York
+$40M
2
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$32.5M
3
TAM
Tocqueville Asset Management
New York
+$31.7M
4
CCMG
Clark Capital Management Group
Pennsylvania
+$28.7M
5
WA
Waterford Advisors
New York
+$24.2M

Top Sellers

Rank Fund Capital Flow
1
Victory Capital Management
Victory Capital Management
Texas
-$62.1M
2
First Trust Advisors
First Trust Advisors
Illinois
-$24.9M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$22.7M
4
Barclays
Barclays
United Kingdom
-$17.4M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$15.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
MYIA
576
Mount Yale Investment Advisors
Colorado
$593 +$565 +7 New
RCM
577
Raleigh Capital Management
North Carolina
$508 +$484 +6 New
HIA
578
HFM Investment Advisors
New Jersey
$424 +$242 +3 +150%
RIL
579
Rothschild Investment LLC
Illinois
$424 +$404 +5 New
BHWM
580
Bay Harbor Wealth Management
Maryland
$340 +$161 +2 +100%
IAS
581
IMA Advisory Services
Colorado
$256 +$242 +3 New
RWM
582
Rialto Wealth Management
New York
$170 +$161 +2 New
CAWM
583
Capital A Wealth Management
Pennsylvania
$151 +$242 +3 New
PWA
584
Principia Wealth Advisory
Texas
$85 – – –
SG
585
Sourcerock Group
Colorado
– -$8.32M -105,070 Closed
CF
586
Corebridge Financial
Texas
– -$7.92M -100,012 Closed
PCM
587
Pinnbrook Capital Management
New York
– -$5.58M -70,494 Closed
CCIA
588
Campbell & Co Investment Adviser
Maryland
– -$4.84M -61,108 Closed
Robeco Institutional Asset Management
589
Robeco Institutional Asset Management
Netherlands
– -$4.68M -59,135 Closed
APF
590
Alaska Permanent Fund
Alaska
– -$4.01M -52,258 Closed
IAN
591
Integrated Advisors Network
Texas
– -$3.05M -38,454 Closed
SAM
592
Synergy Asset Management
Washington
– -$2.89M -36,474 Closed
AIMCA
593
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$2.74M -34,600 Closed
ECM
594
Element Capital Management
New York
– -$2.74M -34,562 Closed
JF
595
Jump Financial
Illinois
– -$2.19M -27,707 Closed
BFM
596
Boothbay Fund Management
New York
– -$2.02M -25,459 Closed
GF
597
Gries Financial
Ohio
– -$1.66M -20,950 Closed
LF
598
Longbow Finance
Switzerland
– -$1.6M -20,218 Closed
PCM
599
Price Capital Management
Louisiana
– -$1.48M -18,690 Closed
IG
600
ING Group
Netherlands
– -$1.42M -17,900 Closed
22 23
24
25 26

NFG Hedge Fund Activity: Q2 2025 in Review

584 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in National Fuel Gas (NFG) for Q2 2025, worth a combined $5.9B — up 6.1% from $5.56B a quarter earlier.

Buyers outnumbered sellers: 80 funds opened new NFG positions and 60 closed out — a net gain of 20 holders — while 208 added to existing stakes and 205 trimmed.

The largest buyer was Aventail Capital Group, adding an estimated $40M. The largest seller was Victory Capital Management, cutting an estimated $62.1M.

  • 584 institutional investors held National Fuel Gas (NFG) as of Q2 2025, up from 573 in Q1 2025.
  • Funds reported $5.9B of National Fuel Gas stock for Q2 2025, up 6.1% quarter-over-quarter.
  • 80 funds opened new National Fuel Gas positions in Q2 2025 and 60 closed out, a net change of +20 holders.
  • The largest National Fuel Gas buyer in Q2 2025 was Aventail Capital Group, an estimated $40M added.
  • The largest National Fuel Gas seller in Q2 2025 was Victory Capital Management, an estimated $62.1M sold.

Based on aggregated 13F filings for Q2 2025.