United States Gasoline Fund
UGA
41 hedge funds and large institutions have $26.2M invested in United States Gasoline Fund in 2025 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 14 reducing their positions, and 6 closing their positions.
162% more call options, than puts
Call options by funds: $3.88M | Put options by funds: $1.48M
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
14% more funds holding
Funds holding: 36 → 41 (+5)
4% more capital invested
Capital invested by funds: $25.3M → $26.2M (+$959K)
0.11% less ownership
Funds ownership: 33.99% → 33.88% (-0.11%)
57% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$2.98M |
| 2 |
Jane Street
New York
|
+$2.1M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.57M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$847K |
| 5 |
RBFC
Roman Butler Fullerton & Co
St Louis,
Missouri
|
+$765K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$3.83M |
| 2 |
EWA
Exit Wealth Advisors
Atlanta,
Georgia
|
-$1.04M |
| 3 |
CPRC
Consolidated Portfolio Review Corp
Woodbury,
New York
|
-$612K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
-$500K |
| 5 |
PFA
Pettinga Financial Advisors
Evansville,
Indiana
|
-$443K |
UGA Hedge Fund Activity: Q4 2025 in Review
41 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in United States Gasoline Fund (UGA) for Q4 2025, worth a combined $26.2M — up 3.8% from $25.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new UGA positions and 6 closed out — a net gain of 5 holders — while 6 added to existing stakes and 14 trimmed.
The largest buyer was Merit Financial Group, opening a new position worth an estimated $2.98M. The largest seller was Commonwealth Equity Services, cutting an estimated $3.83M.
- 41 institutional investors held United States Gasoline Fund (UGA) as of Q4 2025, up from 36 in Q3 2025.
- Funds reported $26.2M of United States Gasoline Fund stock for Q4 2025, up 3.8% quarter-over-quarter.
- 11 funds opened new United States Gasoline Fund positions in Q4 2025 and 6 closed out, a net change of +5 holders.
- The largest United States Gasoline Fund buyer in Q4 2025 was Merit Financial Group, an estimated $2.98M added.
- The largest United States Gasoline Fund seller in Q4 2025 was Commonwealth Equity Services, an estimated $3.83M sold.
Based on aggregated 13F filings for Q4 2025.