National Fuel Gas
432 hedge funds and large institutions have $3.98B invested in National Fuel Gas in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 168 increasing their positions, 155 reducing their positions, and 66 closing their positions.
209% more call options, than puts
Call options by funds: $2.3M | Put options by funds: $744K
1.11% more ownership
Funds ownership: 73.76% → 74.87% (+1.1%)
8% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 155
7% less capital invested
Capital invested by funds: $4.28B → $3.98B (-$298M)
8% less funds holding
Funds holding: 472 → 432 (-40)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
52% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$63.6M |
| 2 |
State Street
Boston,
Massachusetts
|
+$53.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$34.5M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$29.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$20.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$39.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$26.8M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$15M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$13.2M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$11.9M |
NFG Hedge Fund Activity: Q1 2023 in Review
432 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in National Fuel Gas (NFG) for Q1 2023, worth a combined $3.98B — down 7% from $4.28B a quarter earlier.
Sellers outnumbered buyers: 66 funds closed out of NFG and 32 opened new positions — a net loss of 34 holders — while 155 trimmed existing stakes and 168 added.
The largest buyer was Energy Income Partners, adding an estimated $63.6M. The largest seller was DZ Bank, cutting an estimated $39.5M.
- 432 institutional investors held National Fuel Gas (NFG) as of Q1 2023, down from 472 in Q4 2022.
- Funds reported $3.98B of National Fuel Gas stock for Q1 2023, down 7% quarter-over-quarter.
- 32 funds opened new National Fuel Gas positions in Q1 2023 and 66 closed out, a net change of -34 holders.
- The largest National Fuel Gas buyer in Q1 2023 was Energy Income Partners, an estimated $63.6M added.
- The largest National Fuel Gas seller in Q1 2023 was DZ Bank, an estimated $39.5M sold.
Based on aggregated 13F filings for Q1 2023.