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United States Natural Gas Fund
UNG

72 hedge funds and large institutions have $164M invested in United States Natural Gas Fund in 2019 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 24 increasing their positions, 8 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 8

91% more capital invested

Capital invested by funds: $85.8M → $164M (+$78.3M)

62% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 13

13% more funds holding

Funds holding: 64 → 72 (+8)

0.78% more ownership

Funds ownership: 8.62% → 9.4% (+0.78%)

36% less call options, than puts

Call options by funds: $233M | Put options by funds: $364M

Holders
72
Holders Change
+8
Holders Change %
+12.5%
% of All Funds
1.42%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
21
Increased
24
Reduced
8
Closed
13
Calls
$233M
Puts
$364M
Net Calls
-$131M
Net Calls Change
-$153M

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$27M
2
Citadel Advisors
Citadel Advisors
Florida
+$26.7M
3
Morgan Stanley
Morgan Stanley
New York
+$17.9M
4
Jane Street
Jane Street
New York
+$13.4M
5
CS
Credit Suisse
Switzerland
+$10.8M

Top Sellers

Rank Fund Capital Flow
1
CA
Commerzbank Aktiengesellschaft
Germany
-$11.5M
2
Barclays
Barclays
United Kingdom
-$8.29M
3
Wolverine Trading
Wolverine Trading
Illinois
-$3.95M
4
CG
Cutler Group
California
-$2.4M
5
GLI
Guardian Life Insurance
New York
-$1.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
EDRH
51
Edmond de Rothschild Holding
Switzerland
$2K -$387 -5 -16%
LF
52
Lee Financial
Texas
$2K – – –
PA
53
Procyon Advisors
Connecticut
$2K +$2.25K +29 New
CWA
54
Capital Wealth Alliance
Arizona
$2K +$3.02K +39 New
ADL
55
Asset Dedication LLC
California
$1K – – –
Carson Wealth (CWM LLC)
56
Carson Wealth (CWM LLC)
Nebraska
$1K – – –
CFB
57
Cullen/Frost Bankers
Texas
$1K – – –
GI
58
Gradient Investments
Minnesota
$1K – – –
QAM
59
QCI Asset Management
New York
$1K – – –
VFA
60
Valeo Financial Advisors
Indiana
$1K – – –
ACM
61
Anfield Capital Management
California
$1K +$1.08K +14 New
BBA
62
Braun-Bostich & Associates
Pennsylvania
$1K +$1.08K +14 New
APA
63
American Portfolios Advisors
New York
$219 – – –
CA
64
Commerzbank Aktiengesellschaft
Germany
– -$11.5M -138,531 Closed
CG
65
Cutler Group
California
– -$2.4M -30,958 Closed
GLI
66
Guardian Life Insurance
New York
– -$1.23M -15,380 Closed
IMC Chicago
67
IMC Chicago
Illinois
– -$554K -6,951 Closed
BFM
68
Boothbay Fund Management
New York
– -$410K -5,147 Closed
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
– -$266K -3,429 Closed
GWM
70
Geneos Wealth Management
Colorado
– -$9K -111 Closed
AIC
71
Ameritas Investment Company
Nebraska
– -$7K -82 Closed
TRCT
72
Tower Research Capital (TRC)
New York
– -$5K -62 Closed
VNA
73
Valley National Advisers
Pennsylvania
– -$3K -44 Closed
DOA
74
D'Orazio & Associates
Virginia
– +$77 +1 New
DI
75
DFPG Investments
Utah
– +$465 +6 New
1 2
3
4

UNG Hedge Fund Activity: Q4 2019 in Review

72 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2019, worth a combined $164M — up 91% from $85.8M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new UNG positions and 13 closed out — a net gain of 8 holders — while 24 added to existing stakes and 8 trimmed.

The largest buyer was UBS Group, adding an estimated $27M. The largest seller was Commerzbank Aktiengesellschaft, exiting entirely with an estimated $11.5M sold.

  • 72 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2019, up from 64 in Q3 2019.
  • Funds reported $164M of United States Natural Gas Fund stock for Q4 2019, up 91% quarter-over-quarter.
  • 21 funds opened new United States Natural Gas Fund positions in Q4 2019 and 13 closed out, a net change of +8 holders.
  • The largest United States Natural Gas Fund buyer in Q4 2019 was UBS Group, an estimated $27M added.
  • The largest United States Natural Gas Fund seller in Q4 2019 was Commerzbank Aktiengesellschaft, an estimated $11.5M sold.

Based on aggregated 13F filings for Q4 2019.