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United States Natural Gas Fund
UNG

103 hedge funds and large institutions have $132M invested in United States Natural Gas Fund in 2024 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more capital invested

Capital invested by funds: $87.5M → $132M (+$44.8M)

50% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 18

19% more call options, than puts

Call options by funds: $125M | Put options by funds: $105M

1.23% more ownership

Funds ownership: 13.17% → 14.4% (+1.2%)

5% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 21

0% more funds holding

Funds holding: 103 → 103 (0)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
103
Holders Change
–
Holders Change %
0%
% of All Funds
1.48%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
22
Increased
27
Reduced
18
Closed
21
Calls
$125M
Puts
$105M
Net Calls
+$19.9M
Net Calls Change
-$2.02M

Top Buyers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
+$15.9M
2
Jane Street
Jane Street
New York
+$7.33M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$6.77M
4
QC
Quadrature Capital
United Kingdom
+$5.99M
5
VF
Virtu Financial
New York
+$5.76M

Top Sellers

Rank Fund Capital Flow
1
LCM
Lonestar Capital Management
California
-$8.71M
2
MTIM
Marathon Trading Investment Management
Pennsylvania
-$3.07M
3
EA
Ellsworth Advisors
Ohio
-$1.76M
4
UBS Group
UBS Group
Switzerland
-$1.45M
5
Wells Fargo
Wells Fargo
California
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
26
Advisory Services Network
Georgia
$1.02M – – –
GS
27
GTS Securities
New York
$999K +$277K +19,119 +45%
Pathstone Holdings
28
Pathstone Holdings
New Jersey
$930K – – –
SM
29
Southport Management
Wyoming
$898K +$145K +10,000 +22%
TRCT
30
Tower Research Capital (TRC)
New York
$871K +$270K +18,640 +54%
MG
31
Marex Group
$759K +$327K +22,553 +94%
Mariner
32
Mariner
Kansas
$753K -$88.3K -6,091 -12%
MML Investors Services
33
MML Investors Services
Massachusetts
$712K +$632K +43,602 New
Osaic Holdings
34
Osaic Holdings
Arizona
$682K +$285K +19,681 +89%
IWM
35
IHT Wealth Management
Illinois
$507K +$304K +20,949 +208%
BNP Paribas Financial Markets
36
BNP Paribas Financial Markets
France
$466K +$157K +10,839 +61%
CAPTRUST Financial Advisors
37
CAPTRUST Financial Advisors
North Carolina
$458K +$208K +14,351 +105%
IAS
38
Insigneo Advisory Services
Florida
$391K – – –
FGA
39
Fortis Group Advisors
New Jersey
$359K – – –
Creative Planning
40
Creative Planning
Kansas
$345K -$8.53K -588 -3%
SFP
41
Sweet Financial Partners
Minnesota
$345K +$48.2K +3,325 +19%
VFPW
42
Vantage Financial Partners (Wisconsin)
Wisconsin
$327K – – –
PWP
43
Private Wealth Partners
California
$327K +$145K +10,000 +100%
SPC
44
Sigma Planning Corp
Michigan
$318K +$282K +19,473 New
National Bank of Canada
45
National Bank of Canada
Quebec, Canada
$317K -$102K -7,057 -27%
DWP
46
Daymark Wealth Partners
Ohio
$314K +$41K +2,825 +17%
TSS
47
Two Sigma Securities
New York
$283K +$252K +17,350 New
MGIA
48
Moneta Group Investment Advisors
Missouri
$276K +$10.2K +700 +4%
SC
49
Scotia Capital
Ontario, Canada
$274K +$79.9K +5,511 +49%
SI
50
Saxon Interests
Texas
$264K +$235K +16,177 New
1
2
3 4 5

UNG Hedge Fund Activity: Q3 2024 in Review

103 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q3 2024, worth a combined $132M — up 51% from $87.5M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new UNG positions and 21 closed out — a net gain of 1 holder — while 27 added to existing stakes and 18 trimmed.

The largest buyer was Citadel Advisors, opening a new position worth an estimated $15.9M. The largest seller was Lonestar Capital Management, exiting entirely with an estimated $8.71M sold.

  • 103 institutional investors held United States Natural Gas Fund (UNG) as of Q3 2024, unchanged from Q2 2024.
  • Funds reported $132M of United States Natural Gas Fund stock for Q3 2024, up 51% quarter-over-quarter.
  • 22 funds opened new United States Natural Gas Fund positions in Q3 2024 and 21 closed out, a net change of +1 holder.
  • The largest United States Natural Gas Fund buyer in Q3 2024 was Citadel Advisors, an estimated $15.9M added.
  • The largest United States Natural Gas Fund seller in Q3 2024 was Lonestar Capital Management, an estimated $8.71M sold.

Based on aggregated 13F filings for Q3 2024.