United States Gasoline Fund
UGA
38 hedge funds and large institutions have $24.4M invested in United States Gasoline Fund in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 9 closing their positions.
52% more call options, than puts
Call options by funds: $3.41M | Put options by funds: $2.25M
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
6.61% less ownership
Funds ownership: 40.42% → 33.81% (-6.6%)
10% less funds holding
Funds holding: 42 → 38 (-4)
32% less capital invested
Capital invested by funds: $36.2M → $24.4M (-$11.8M)
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.45M |
| 2 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$1.02M |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
+$497K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$216K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$123K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$8.19M |
| 2 |
Jane Street
New York
|
-$2.49M |
| 3 |
EFI
EHP Funds Inc
Toronto,
Canada
|
-$1.28M |
| 4 |
LPL Financial
San Diego,
California
|
-$1.05M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$1.04M |
UGA Hedge Fund Activity: Q2 2025 in Review
38 of the 7,614 institutional investors tracked by Wall St. Rank reported a position in United States Gasoline Fund (UGA) for Q2 2025, worth a combined $24.4M — down 32% from $36.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of UGA and 5 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 13 added.
The largest buyer was Cambridge Investment Research Advisors, adding an estimated $1.45M. The largest seller was Commonwealth Equity Services, cutting an estimated $8.19M.
- 38 institutional investors held United States Gasoline Fund (UGA) as of Q2 2025, down from 42 in Q1 2025.
- Funds reported $24.4M of United States Gasoline Fund stock for Q2 2025, down 32% quarter-over-quarter.
- 5 funds opened new United States Gasoline Fund positions in Q2 2025 and 9 closed out, a net change of -4 holders.
- The largest United States Gasoline Fund buyer in Q2 2025 was Cambridge Investment Research Advisors, an estimated $1.45M added.
- The largest United States Gasoline Fund seller in Q2 2025 was Commonwealth Equity Services, an estimated $8.19M sold.
Based on aggregated 13F filings for Q2 2025.