Northern Oil and Gas
341 hedge funds and large institutions have $1.99B invested in Northern Oil and Gas in 2026 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 128 increasing their positions, 109 reducing their positions, and 72 closing their positions.
205% more call options, than puts
Call options by funds: $67.8M | Put options by funds: $22.2M
17% more repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 109
5% less funds holding
Funds holding: 360 → 341 (-19)
15.98% less ownership
Funds ownership: 116.4% → 100.43% (-16%)
21% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 72
39% less capital invested
Capital invested by funds: $3.29B → $1.99B (-$1.3B)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$41.8M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
+$29.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$16.9M |
| 4 |
Barclays
London,
United Kingdom
|
+$15.4M |
| 5 |
State Street
Boston,
Massachusetts
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$116M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$73.8M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$35.8M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$19.8M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$12.9M |
NOG Hedge Fund Activity: Q2 2026 in Review
341 of the 8,303 institutional investors tracked by Wall St. Rank reported a position in Northern Oil and Gas (NOG) for Q2 2026, worth a combined $1.99B — down 39% from $3.29B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of NOG and 57 opened new positions — a net loss of 15 holders — while 109 trimmed existing stakes and 128 added.
The largest buyer was Millennium Management, adding an estimated $41.8M. The largest seller was Fidelity Investments, cutting an estimated $116M.
- 341 institutional investors held Northern Oil and Gas (NOG) as of Q2 2026, down from 360 in Q1 2026.
- Funds reported $1.99B of Northern Oil and Gas stock for Q2 2026, down 39% quarter-over-quarter.
- 57 funds opened new Northern Oil and Gas positions in Q2 2026 and 72 closed out, a net change of -15 holders.
- The largest Northern Oil and Gas buyer in Q2 2026 was Millennium Management, an estimated $41.8M added.
- The largest Northern Oil and Gas seller in Q2 2026 was Fidelity Investments, an estimated $116M sold.
Based on aggregated 13F filings for Q2 2026.