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United States Natural Gas Fund
UNG

96 hedge funds and large institutions have $67.6M invested in United States Natural Gas Fund in 2026 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more call options, than puts

Call options by funds: $140M | Put options by funds: $67.1M

17% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 23

17% more capital invested

Capital invested by funds: $57.9M → $67.6M (+$9.63M)

10% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 20

5.91% more ownership

Funds ownership: 9.23% → 15.15% (+5.9%)

0% more funds holding

Funds holding: 96 → 96 (0)

Holders
96
Holders Change
–
Holders Change %
0%
% of All Funds
1.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
27
Reduced
23
Closed
20
Calls
$140M
Puts
$67.1M
Net Calls
+$72.7M
Net Calls Change
+$25.5M

Top Buyers

1
JF
Jump Financial
Illinois
+$10.6M
2
Goldman Sachs
Goldman Sachs
New York
+$8.38M
3
Wells Fargo
Wells Fargo
California
+$3.79M
4
VF
Virtu Financial
New York
+$2.54M
5
JFG
Jefferies Financial Group
New York
+$2.47M

Top Sellers

1
AWA
Arkadios Wealth Advisors
Georgia
-$6.45M
2
Morgan Stanley
Morgan Stanley
New York
-$5.68M
3
Jane Street
Jane Street
New York
-$5.37M
4
Simplex Trading
Simplex Trading
Illinois
-$1.61M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$978K
Name Holding Trade Value Shares
Change 		Change in
Stake
PSCM
51
Per Stirling Capital Management
Texas
$133K +$4.83K +391 +4%
KWA
52
Kingswood Wealth Advisors
California
$129K -$132K -10,731 -49%
CA
53
Clearstead Advisors
Ohio
$117K – – –
FPAS
54
Focus Partners Advisor Solutions
Missouri
$117K +$123K +10,000 New
BNP Paribas Financial Markets
55
BNP Paribas Financial Markets
France
$93K +$6.17K +500 +7%
Royal Bank of Canada
56
Royal Bank of Canada
Ontario, Canada
$88K +$27.1K +2,192 +41%
PTC
57
Private Trust Company
Ohio
$70.4K +$74K +6,000 New
US Bancorp
58
US Bancorp
Minnesota
$46.9K +$49.4K +4,000 New
Barclays
59
Barclays
United Kingdom
$44.9K -$610K -49,445 -93%
MSG
60
Main Street Group
Virginia
$41.9K +$44.1K +3,570 New
Fifth Third Bancorp
61
Fifth Third Bancorp
Ohio
$37.3K +$39.2K +3,178 New
NA
62
NewEdge Advisors
Louisiana
$23.1K – – –
IA
63
IFS Advisors
Kansas
$20.8K – – –
IAIM
64
International Assets Investment Management
Florida
$20.4K – – –
Jones Financial Companies
65
Jones Financial Companies
Missouri
$12.3K +$12.3K +1,000 New
S
66
SignatureFD
Georgia
$11.7K +$12.3K +1,000 New
HI
67
Harbour Investments
Wisconsin
$11.4K -$1.11K -90 -8%
SIS
68
Sound Income Strategies
Florida
$11.1K -$145K -11,736 -92%
RF
69
Rossby Financial
Florida
$10.3K +$11.1K +900 New
Rockefeller Capital Management
70
Rockefeller Capital Management
New York
$8.04K – – –
NS
71
NBC Securities
Alabama
$7.74K +$5.06K +410 +164%
MCM
72
MAI Capital Management
Ohio
$7.25K – – –
LFG
73
Larson Financial Group
Missouri
$6.05K +$5.47K +443 +607%
CFB
74
Cullen/Frost Bankers
Texas
$5.87K -$2.16K -175 -26%
HNB
75
Hilltop National Bank
Wyoming
$5.87K – – –
1 2
3
4 5

UNG Hedge Fund Activity: Q1 2026 in Review

96 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q1 2026, worth a combined $67.6M — up 17% from $57.9M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new UNG positions and 20 closed out — a net gain of 2 holders — while 27 added to existing stakes and 23 trimmed.

The largest buyer was Jump Financial, opening a new position worth an estimated $10.6M. The largest seller was Arkadios Wealth Advisors, exiting entirely with an estimated $6.45M sold.

  • 96 institutional investors held United States Natural Gas Fund (UNG) as of Q1 2026, unchanged from Q4 2025.
  • Funds reported $67.6M of United States Natural Gas Fund stock for Q1 2026, up 17% quarter-over-quarter.
  • 22 funds opened new United States Natural Gas Fund positions in Q1 2026 and 20 closed out, a net change of +2 holders.
  • The largest United States Natural Gas Fund buyer in Q1 2026 was Jump Financial, an estimated $10.6M added.
  • The largest United States Natural Gas Fund seller in Q1 2026 was Arkadios Wealth Advisors, an estimated $6.45M sold.

Based on aggregated 13F filings for Q1 2026.