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United States Natural Gas Fund
UNG

94 hedge funds and large institutions have $137M invested in United States Natural Gas Fund in 2022 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $173M | Put options by funds: $111M

29% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 24

7% more funds holding

Funds holding: 88 → 94 (+6)

5% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 21

1.23% less ownership

Funds ownership: 9.65% → 8.42% (-1.2%)

23% less capital invested

Capital invested by funds: $178M → $137M (-$40.8M)

Holders
94
Holders Change
+6
Holders Change %
+6.82%
% of All Funds
1.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
20
Reduced
21
Closed
24
Calls
$173M
Puts
$111M
Net Calls
+$62.2M
Net Calls Change
-$33.4M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$33.8M
2
Wells Fargo
Wells Fargo
California
+$17.6M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$6.54M
4
IMC Chicago
IMC Chicago
Illinois
+$6.54M
5
LP
LMR Partners
United Kingdom
+$6.16M

Top Sellers

Rank Fund Capital Flow
1
VCM
Valiant Capital Management
California
-$12.9M
2
CS
Clear Street
New York
-$11.7M
3
Citadel Advisors
Citadel Advisors
Florida
-$10.6M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$5.92M
5
HWAM
Hennion & Walsh Asset Management
New Jersey
-$4.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
BNP Paribas Financial Markets
26
BNP Paribas Financial Markets
France
$564K -$5.92M -74,515 -88%
US Bancorp
27
US Bancorp
Minnesota
$480K – – –
HT
28
HAP Trading
New York
$447K -$999K -12,572 -61%
KCM
29
Kempner Capital Management
Texas
$367K – – –
IC
30
Inscription Capital
Texas
$367K – – –
Janney Montgomery Scott
31
Janney Montgomery Scott
Pennsylvania
$349K +$492K +6,188 New
Envestnet Asset Management
32
Envestnet Asset Management
Illinois
$336K +$230K +2,893 +94%
HF
33
HRT Financial
New York
$330K +$466K +5,866 New
IWM
34
IHT Wealth Management
Illinois
$328K +$462K +5,818 New
OBWG
35
Onyx Bridge Wealth Group
New York
$322K -$72.1K -908 -12%
GCP
36
GSA Capital Partners
United Kingdom
$316K +$445K +5,599 New
BG
37
Benedetti & Gucer
Georgia
$315K +$6.59K +83 +2%
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$301K -$65.1K -819 -13%
AIP
39
Ahrens Investment Partners
Louisiana
$299K +$421K +5,304 New
CA
40
Cetera Advisors
Colorado
$299K +$421K +5,301 New
IA
41
IFP Advisors
Florida
$286K +$1.43K +18 +0.6%
TCBWMS
42
Texas Capital Bank Wealth Management Services
Texas
$282K +$397K +5,000 New
Royal Bank of Canada
43
Royal Bank of Canada
Ontario, Canada
$241K -$152K -1,915 -31%
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$221K -$1.9M -23,934 -86%
BA
45
Ballew Advisors
Mississippi
$220K +$371K +4,669 New
SPC
46
Sigma Planning Corp
Michigan
$205K -$79.6K -1,002 -22%
ATPW
47
Ashton Thomas Private Wealth
Arizona
$205K +$289K +3,642 New
VCP
48
Verus Capital Partners
Arizona
$182K +$257K +3,233 New
MCC
49
Money Concepts Capital
Florida
$177K +$250K +3,141 New
MG
50
Marex Group
$173K +$240K +3,017 New
1
2
3 4 5

UNG Hedge Fund Activity: Q4 2022 in Review

94 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2022, worth a combined $137M — down 23% from $178M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UNG positions and 24 closed out — a net gain of 7 holders — while 20 added to existing stakes and 21 trimmed.

The largest buyer was Jane Street, adding an estimated $33.8M. The largest seller was Valiant Capital Management, exiting entirely with an estimated $12.9M sold.

  • 94 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2022, up from 88 in Q3 2022.
  • Funds reported $137M of United States Natural Gas Fund stock for Q4 2022, down 23% quarter-over-quarter.
  • 31 funds opened new United States Natural Gas Fund positions in Q4 2022 and 24 closed out, a net change of +7 holders.
  • The largest United States Natural Gas Fund buyer in Q4 2022 was Jane Street, an estimated $33.8M added.
  • The largest United States Natural Gas Fund seller in Q4 2022 was Valiant Capital Management, an estimated $12.9M sold.

Based on aggregated 13F filings for Q4 2022.