National Fuel Gas
585 hedge funds and large institutions have $5.9B invested in National Fuel Gas in 2025 Q2 according to their latest regulatory filings, with 79 funds opening new positions, 210 increasing their positions, 204 reducing their positions, and 60 closing their positions.
32% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 60
2% more funds holding
Funds holding: 575 → 585 (+10)
5% more capital inflows, than outflows
Capital inflows: $443M | Capital outflows: $421M
3% more repeat investments, than reductions
Existing positions increased: 210 | Existing positions reduced: 204
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACG
Aventail Capital Group
New York
|
+$40M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$32.5M |
| 3 |
Tocqueville Asset Management
New York
|
+$31.7M |
| 4 |
Clark Capital Management Group
Philadelphia,
Pennsylvania
|
+$28.7M |
| 5 |
Waterford Advisors
Orchard Park,
New York
|
+$24.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$62.1M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$24.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$22.7M |
| 4 |
Barclays
London,
United Kingdom
|
-$17.4M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$15.8M |
NFG Hedge Fund Activity: Q2 2025 in Review
585 of the 7,621 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: 79 funds opened new NFG positions and 60 closed out — a net gain of 19 holders — while 210 added to existing stakes and 204 trimmed.
The largest buyer was Aventail Capital Group, adding an estimated $40M. The largest seller was Victory Capital Management, cutting an estimated $62.1M.
- 585 institutional investors held National Fuel Gas (NFG) as of Q2 2025, up from 575 in Q1 2025.
- Funds reported $5.9B of National Fuel Gas stock for Q2 2025, up 6.1% quarter-over-quarter.
- 79 funds opened new National Fuel Gas positions in Q2 2025 and 60 closed out, a net change of +19 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.