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United States Natural Gas Fund
UNG

159 hedge funds and large institutions have $331M invested in United States Natural Gas Fund in 2023 Q1 according to their latest regulatory filings, with 78 funds opening new positions, 48 increasing their positions, 11 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

500% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 13

336% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 11

141% more capital invested

Capital invested by funds: $137M → $331M (+$193M)

69% more funds holding

Funds holding: 94 → 159 (+65)

0.81% less ownership

Funds ownership: 8.42% → 7.61% (-0.81%)

19% less call options, than puts

Call options by funds: $174M | Put options by funds: $215M

Holders
159
Holders Change
+65
Holders Change %
+69.15%
% of All Funds
2.53%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.06%
New
78
Increased
48
Reduced
11
Closed
13
Calls
$174M
Puts
$215M
Net Calls
-$41.2M
Net Calls Change
-$103M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$108M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$45.1M
3
LIM
Longfellow Investment Management
Massachusetts
+$35.1M
4
Wells Fargo
Wells Fargo
California
+$17.5M
5
Morgan Stanley
Morgan Stanley
New York
+$15.6M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$3.61M
2
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$1.09M
3
JF
Jump Financial
Illinois
-$439K
4
Janney Montgomery Scott
Janney Montgomery Scott
Pennsylvania
-$349K
5
OBWG
Onyx Bridge Wealth Group
New York
-$322K
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
26
Barclays
United Kingdom
$1.74M +$2.27M +62,534 New
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$1.72M +$2.1M +57,863 +1,475%
LPL Financial
28
LPL Financial
California
$1.64M +$1.47M +40,398 +218%
Bank of America
29
Bank of America
North Carolina
$1.63M +$777K +21,404 +57%
Man Group
30
Man Group
United Kingdom
$1.42M – – –
HT
31
HAP Trading
New York
$1.4M +$1.55M +42,620 +537%
CS
32
Credit Suisse
Switzerland
$1.39M +$707K +19,482 +64%
Osaic Holdings
33
Osaic Holdings
Arizona
$1.2M +$128K +3,516 +9%
GIM
34
Guild Investment Management
California
$1.15M +$1.51M +41,553 New
CCP
35
Clough Capital Partners
Massachusetts
$1.14M -$35.1K -967 -2%
Daiwa Securities Group
36
Daiwa Securities Group
Japan
$1.02M +$700K +19,275 +111%
Citigroup
37
Citigroup
New York
$964K +$1.26M +34,711 New
BA
38
Ballew Advisors
Mississippi
$872K +$947K +26,084 +559%
CG
39
Cutler Group
California
$854K +$478K +13,172 +75%
CW
40
CreativeOne Wealth
Kansas
$833K +$984K +27,100 +932%
ASN
41
Advisory Services Network
Georgia
$813K +$663K +18,263 +166%
TSS
42
Two Sigma Securities
New York
$713K +$932K +25,676 New
TCBWMS
43
Texas Capital Bank Wealth Management Services
Texas
$694K +$726K +20,000 +400%
FG
44
Formula Growth
Quebec, Canada
$694K +$908K +25,000 New
SM
45
Southport Management
Wyoming
$694K +$908K +25,000 New
KAS
46
Kestra Advisory Services
Texas
$640K +$383K +10,539 +84%
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$621K +$657K +18,103 +423%
OPOWM
48
One Plus One Wealth Management
Florida
$617K +$807K +22,218 New
GSIAS
49
Garden State Investment Advisory Services
New Jersey
$609K +$797K +21,937 New
PAG
50
Private Advisor Group
New Jersey
$590K -$71.2K -1,961 -8%
1
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UNG Hedge Fund Activity: Q1 2023 in Review

159 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q1 2023, worth a combined $331M — up 141% from $137M a quarter earlier.

Buyers outnumbered sellers: 78 funds opened new UNG positions and 13 closed out — a net gain of 65 holders — while 48 added to existing stakes and 11 trimmed.

The largest buyer was Jane Street, adding an estimated $108M. The largest seller was Goldman Sachs, cutting an estimated $3.61M.

  • 159 institutional investors held United States Natural Gas Fund (UNG) as of Q1 2023, up from 94 in Q4 2022.
  • Funds reported $331M of United States Natural Gas Fund stock for Q1 2023, up 141% quarter-over-quarter.
  • 78 funds opened new United States Natural Gas Fund positions in Q1 2023 and 13 closed out, a net change of +65 holders.
  • The largest United States Natural Gas Fund buyer in Q1 2023 was Jane Street, an estimated $108M added.
  • The largest United States Natural Gas Fund seller in Q1 2023 was Goldman Sachs, an estimated $3.61M sold.

Based on aggregated 13F filings for Q1 2023.