National Fuel Gas
654 hedge funds and large institutions have $7.11B invested in National Fuel Gas in 2026 Q1 according to their latest regulatory filings, with 101 funds opening new positions, 242 increasing their positions, 202 reducing their positions, and 54 closing their positions.
179% more call options, than puts
Call options by funds: $7.31M | Put options by funds: $2.62M
87% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 54
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
20% more repeat investments, than reductions
Existing positions increased: 242 | Existing positions reduced: 202
18% more capital invested
Capital invested by funds: $6.03B → $7.11B (+$1.08B)
6% more funds holding
Funds holding: 618 → 654 (+36)
3.67% less ownership
Funds ownership: 83.34% → 79.67% (-3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$112M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$59.3M |
| 3 |
Blackstone Inc
New York
|
+$51.2M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$37.7M |
| 5 |
Two Sigma Investments
New York
|
+$33.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMG
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
-$52.8M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$40.5M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$37.6M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$33.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$32.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EW
701
Elyxium Wealth
San Mateo,
California
| – | -$12.4K | -155 | Closed |
|
|
NL
702
Navalign LLC
Encino,
California
| – | -$12.2K | -152 | Closed |
|
703
Optiver Holding
Amsterdam,
Netherlands
| – | -$4.8K | -60 | Closed |
|
|
LWANC
704
Laurel Wealth Advisors (North Carolina)
Charlotte,
North Carolina
| – | -$4K | -50 | Closed |
|
|
CIA
705
Cape Investment Advisory
Mcdonough,
Georgia
| – | -$2K | -25 | Closed |
|
|
CWA
706
Carolina Wealth Advisors
Myrtle Beach,
South Carolina
| – | -$1.6K | -20 | Closed |
|
|
OC
707
Optima Capital
Beaverton,
Oregon
| – | -$484 | -6 | Closed |
|
|
TPBG
708
Turning Point Benefit Group
Frederick,
Maryland
| – | -$320 | -4 | Closed |
|
NFG Hedge Fund Activity: Q1 2026 in Review
654 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in National Fuel Gas (NFG) for Q1 2026, worth a combined $7.11B — up 18% from $6.03B a quarter earlier.
Buyers outnumbered sellers: 101 funds opened new NFG positions and 54 closed out — a net gain of 47 holders — while 242 added to existing stakes and 202 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $112M. The largest seller was Clark Capital Management Group, cutting an estimated $52.8M.
- 654 institutional investors held National Fuel Gas (NFG) as of Q1 2026, up from 618 in Q4 2025.
- Funds reported $7.11B of National Fuel Gas stock for Q1 2026, up 18% quarter-over-quarter.
- 101 funds opened new National Fuel Gas positions in Q1 2026 and 54 closed out, a net change of +47 holders.
- The largest National Fuel Gas buyer in Q1 2026 was T. Rowe Price Associates, an estimated $112M added.
- The largest National Fuel Gas seller in Q1 2026 was Clark Capital Management Group, an estimated $52.8M sold.
Based on aggregated 13F filings for Q1 2026.