United States Natural Gas Fund
UNG
71 hedge funds and large institutions have $134M invested in United States Natural Gas Fund in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 15 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
13% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 15
0.67% more ownership
Funds ownership: 9.4% → 10.07% (+0.67%)
1% less funds holding
Funds holding: 72 → 71 (-1)
19% less capital invested
Capital invested by funds: $164M → $134M (-$30.5M)
67% less call options, than puts
Call options by funds: $84.2M | Put options by funds: $256M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$31.1M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
+$7.96M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.05M |
| 4 |
Jane Street
New York
|
+$3.12M |
| 5 |
Barclays
London,
United Kingdom
|
+$2.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$16.7M |
| 2 |
Morgan Stanley
New York
|
-$6.79M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$6.18M |
| 4 |
Simplex Trading
Chicago,
Illinois
|
-$4.09M |
| 5 |
Citigroup
New York
|
-$3.79M |
UNG Hedge Fund Activity: Q1 2020 in Review
71 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q1 2020, worth a combined $134M — down 19% from $164M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new UNG positions and 15 closed out — a net gain of 2 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $31.1M. The largest seller was Citadel Advisors, cutting an estimated $16.7M.
- 71 institutional investors held United States Natural Gas Fund (UNG) as of Q1 2020, down from 72 in Q4 2019.
- Funds reported $134M of United States Natural Gas Fund stock for Q1 2020, down 19% quarter-over-quarter.
- 17 funds opened new United States Natural Gas Fund positions in Q1 2020 and 15 closed out, a net change of +2 holders.
- The largest United States Natural Gas Fund buyer in Q1 2020 was Susquehanna International Group, an estimated $31.1M added.
- The largest United States Natural Gas Fund seller in Q1 2020 was Citadel Advisors, an estimated $16.7M sold.
Based on aggregated 13F filings for Q1 2020.