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
NL
126
NKCFO LLC
Illinois
$4.36M +$3.96M +55,100 New
GT
127
Glenmede Trust
Pennsylvania
$4.26M -$360K -5,000 -8%
KeyBank National Association
128
KeyBank National Association
Ohio
$4.25M -$126K -1,753 -3%
State of Tennessee, Department of Treasury
129
State of Tennessee, Department of Treasury
Tennessee
$4.13M -$32.2K -448 -0.9%
CCA
130
Cobblestone Capital Advisors
New York
$4.07M – – –
QCM
131
Quantinno Capital Management
New York
$4.07M +$1.53M +21,280 +71%
TI
132
Trexquant Investment
Connecticut
$4.03M +$345K +4,795 +10%
APF
133
Alaska Permanent Fund
Alaska
$4.01M – – –
AIP
134
Ameritas Investment Partners
Nebraska
$3.98M -$315K -4,384 -8%
MIM
135
MetLife Investment Management
New Jersey
$3.98M -$88.4K -1,229 -2%
AA
136
ALPS Advisors
Colorado
$3.94M +$259K +3,599 +8%
CSS
137
Cubist Systematic Strategies
Connecticut
$3.85M +$3.5M +48,610 New
SGI
138
Summit Global Investments
Utah
$3.83M -$466K -6,485 -12%
OTPPB
139
Ontario Teachers' Pension Plan Board
Ontario, Canada
$3.77M -$1.87M -25,935 -35%
A
140
AlphaQuest
New York
$3.73M +$1.1M +15,330 +48%
MOACM
141
Mutual of America Capital Management
New York
$3.69M -$119K -1,653 -3%
Ohio Public Employees Retirement System (OPERS)
142
Ohio Public Employees Retirement System (OPERS)
Ohio
$3.63M -$248K -3,452 -7%
KK
143
KLP Kapitalforvaltning
Norway
$3.54M -$187K -2,600 -6%
BC
144
Barnett & Company
Tennessee
$3.54M -$525K -7,300 -14%
Macquarie Group
145
Macquarie Group
Australia
$3.49M – – –
Ensign Peak Advisors
146
Ensign Peak Advisors
Utah
$3.42M +$671K +9,334 +28%
AAM
147
Advisors Asset Management
Colorado
$3.33M +$751K +10,443 +33%
SO
148
STRS Ohio
Ohio
$3.29M -$1.76M -24,459 -37%
AB
149
Amalgamated Bank
New York
$3.29M -$145K -2,014 -5%
PI
150
PineBridge Investments
New York
$3.25M -$1.57M -21,794 -35%
4 5
6
7 8

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.