United States Natural Gas Fund
UNG
166 hedge funds and large institutions have $275M invested in United States Natural Gas Fund in 2023 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 60 increasing their positions, 30 reducing their positions, and 27 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 30
30% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 27
16% more call options, than puts
Call options by funds: $179M | Put options by funds: $154M
4% more funds holding
Funds holding: 159 → 166 (+7)
1.44% less ownership
Funds ownership: 7.61% → 6.17% (-1.4%)
17% less capital invested
Capital invested by funds: $331M → $275M (-$55.8M)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$5.77M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$5.34M |
| 3 |
Jane Street
New York
|
+$2.4M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.06M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$32M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$21.1M |
| 3 |
SCM
Shah Capital Management
Raleigh,
North Carolina
|
-$9.75M |
| 4 |
Goldman Sachs
New York
|
-$6.77M |
| 5 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
-$6.09M |
UNG Hedge Fund Activity: Q2 2023 in Review
166 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q2 2023, worth a combined $275M — down 17% from $331M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new UNG positions and 27 closed out — a net gain of 8 holders — while 60 added to existing stakes and 30 trimmed.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $5.77M. The largest seller was Susquehanna International Group, cutting an estimated $32M.
- 166 institutional investors held United States Natural Gas Fund (UNG) as of Q2 2023, up from 159 in Q1 2023.
- Funds reported $275M of United States Natural Gas Fund stock for Q2 2023, down 17% quarter-over-quarter.
- 35 funds opened new United States Natural Gas Fund positions in Q2 2023 and 27 closed out, a net change of +8 holders.
- The largest United States Natural Gas Fund buyer in Q2 2023 was Flow Traders U.S., an estimated $5.77M added.
- The largest United States Natural Gas Fund seller in Q2 2023 was Susquehanna International Group, an estimated $32M sold.
Based on aggregated 13F filings for Q2 2023.