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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
DZ Bank
51
DZ Bank
Germany
$14.5M +$13.2M +182,916 New
Franklin Resources
52
Franklin Resources
California
$14M -$672K -9,345 -5%
California Public Employees Retirement System
53
California Public Employees Retirement System
California
$13.7M +$293K +4,076 +2%
Legal & General Group
54
Legal & General Group
United Kingdom
$13.4M +$154K +2,144 +1%
HSBC Holdings
55
HSBC Holdings
United Kingdom
$13.4M +$10.2M +142,493 +542%
Swiss National Bank
56
Swiss National Bank
Switzerland
$13.2M -$245K -3,400 -2%
Envestnet Asset Management
57
Envestnet Asset Management
Illinois
$12.8M +$2.25M +31,300 +24%
Goldman Sachs
58
Goldman Sachs
New York
$12.7M +$2.65M +36,913 +30%
Two Sigma Advisers
59
Two Sigma Advisers
New York
$12.7M +$5.11M +71,000 +80%
SOADOR
60
State of Alaska Department of Revenue
Alaska
$12.5M +$13.7K +190 +0.1%
Royal Bank of Canada
61
Royal Bank of Canada
Ontario, Canada
$12.4M -$1.04M -14,420 -8%
SEI Investments
62
SEI Investments
Pennsylvania
$12.1M +$1.04M +14,434 +10%
Raymond James Financial
63
Raymond James Financial
Florida
$11.7M -$155K -2,149 -1%
Fidelity Investments
64
Fidelity Investments
Massachusetts
$11.4M -$60.9K -847 -0.6%
ACG
65
Aventail Capital Group
New York
$11.4M +$10.3M +143,763 New
GAM
66
Gotham Asset Management
New York
$11.1M -$1.76M -24,403 -15%
PAM
67
Panagora Asset Management
Massachusetts
$11M +$9.65M +134,155 +3,072%
T. Rowe Price Associates
68
T. Rowe Price Associates
Maryland
$10.7M +$172K +2,387 +2%
CFIA
69
Cantor Fitzgerald Investment Advisors
New York
$10.7M -$1.8M -25,017 -16%
MAM
70
Meeder Asset Management
Ohio
$10.6M +$7.07M +98,332 +274%
Point72 Asset Management
71
Point72 Asset Management
Connecticut
$10.6M +$9.66M +134,264 New
AllianceBernstein
72
AllianceBernstein
Tennessee
$10.4M -$200K -2,781 -2%
MYAM
73
Meiji Yasuda Asset Management
Japan
$10.1M +$9.13M +126,952 New
Mitsubishi UFJ Trust & Banking
74
Mitsubishi UFJ Trust & Banking
Japan
$9.68M -$736K -10,239 -8%
Commonwealth Equity Services
75
Commonwealth Equity Services
Massachusetts
$9.39M +$141K +1,960 +2%
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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.