National Fuel Gas
NFG
658 hedge funds and large institutions have $7.11B invested in National Fuel Gas in 2026 Q1 according to their latest regulatory filings, with 103 funds opening new positions, 243 increasing their positions, 203 reducing their positions, and 55 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: 103 | Existing positions closed: 55
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
20% more repeat investments, than reductions
Existing positions increased: 243 | Existing positions reduced: 203
18% more capital invested
Capital invested by funds: $6.03B → $7.11B (+$1.08B)
6% more funds holding
Funds holding: 620 → 658 (+38)
3.67% less ownership
Funds ownership: 83.35% → 79.68% (-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 |
NFG Hedge Fund Activity: Q1 2026 in Review
658 institutional investors 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: 103 funds opened new NFG positions and 55 closed out — a net gain of 48 holders — while 243 added to existing stakes and 203 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.
- 658 institutional investors held National Fuel Gas (NFG) as of Q1 2026, up from 620 in Q4 2025.
- Funds reported $7.11B of National Fuel Gas stock for Q1 2026, up 18% quarter-over-quarter.
- 103 funds opened new National Fuel Gas positions in Q1 2026 and 55 closed out, a net change of +48 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.