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United States Natural Gas Fund
UNG

94 hedge funds and large institutions have $137M invested in United States Natural Gas Fund in 2022 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 20 increasing their positions, 21 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $173M | Put options by funds: $111M

29% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 24

7% more funds holding

Funds holding: 88 → 94 (+6)

5% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 21

1.23% less ownership

Funds ownership: 9.65% → 8.42% (-1.2%)

23% less capital invested

Capital invested by funds: $178M → $137M (-$40.8M)

Holders
94
Holders Change
+6
Holders Change %
+6.82%
% of All Funds
1.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
20
Reduced
21
Closed
24
Calls
$173M
Puts
$111M
Net Calls
+$62.2M
Net Calls Change
-$33.4M

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$33.8M
2
Wells Fargo
Wells Fargo
California
+$17.6M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$6.54M
4
IMC Chicago
IMC Chicago
Illinois
+$6.54M
5
LP
LMR Partners
United Kingdom
+$6.16M

Top Sellers

Rank Fund Capital Flow
1
VCM
Valiant Capital Management
California
-$12.9M
2
CS
Clear Street
New York
-$11.7M
3
Citadel Advisors
Citadel Advisors
Florida
-$10.6M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$5.92M
5
HWAM
Hennion & Walsh Asset Management
New Jersey
-$4.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
FMP
76
Financial Management Professionals
Texas
$2K – – –
AIM
77
Anchor Investment Management
South Carolina
$1.41K – – –
PP
78
PFS Partners
New Jersey
$1.31K – – –
PAG
79
Private Advisor Group
New Jersey
$1.31K +$1.85M +23,232 New
GI
80
Gradient Investments
Minnesota
$1.24K – – –
HI
81
Harbour Investments
Wisconsin
$1.1K +$1.51K +19 +1,900%
ADL
82
Asset Dedication LLC
California
$1K – – –
Carson Wealth (CWM LLC)
83
Carson Wealth (CWM LLC)
Nebraska
$1K – – –
Toronto Dominion Bank
84
Toronto Dominion Bank
Ontario, Canada
$1K – – –
VF
85
VitalStone Financial
Texas
$1K +$1.51K +19 New
NECFA
86
New England Capital Financial Advisors
Connecticut
$770 +$1.51K +19 New
HNB
87
Huntington National Bank
Ohio
$705 – – –
National Bank of Canada
88
National Bank of Canada
Quebec, Canada
$634 -$5.96K -75 -87%
TWC
89
TD Waterhouse Canada
Ontario, Canada
$541 – – –
CFB
90
Cullen/Frost Bankers
Texas
$353 – – –
AAP
91
Arax Advisory Partners
Colorado
$296 +$397 +5 New
FDCDDQ
92
Federation des caisses Desjardins du Quebec
Quebec, Canada
$268 – – –
AF
93
Advisornet Financial
Minnesota
$99 +$159 +2 New
Fidelity Investments
94
Fidelity Investments
Massachusetts
$14 – – –
VCM
95
Valiant Capital Management
California
– -$12.9M -137,950 Closed
CS
96
Clear Street
New York
– -$11.7M -124,911 Closed
HWAM
97
Hennion & Walsh Asset Management
New Jersey
– -$4.22M -45,150 Closed
PAMP
98
Polar Asset Management Partners
Ontario, Canada
– -$2.53M -27,027 Closed
Citigroup
99
Citigroup
New York
– -$1.59M -20,032 Closed
PI
100
PEAK6 Investments
Illinois
– -$1.35M -14,433 Closed
1 2 3
4
5

UNG Hedge Fund Activity: Q4 2022 in Review

94 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2022, worth a combined $137M — down 23% from $178M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new UNG positions and 24 closed out — a net gain of 7 holders — while 20 added to existing stakes and 21 trimmed.

The largest buyer was Jane Street, adding an estimated $33.8M. The largest seller was Valiant Capital Management, exiting entirely with an estimated $12.9M sold.

  • 94 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2022, up from 88 in Q3 2022.
  • Funds reported $137M of United States Natural Gas Fund stock for Q4 2022, down 23% quarter-over-quarter.
  • 31 funds opened new United States Natural Gas Fund positions in Q4 2022 and 24 closed out, a net change of +7 holders.
  • The largest United States Natural Gas Fund buyer in Q4 2022 was Jane Street, an estimated $33.8M added.
  • The largest United States Natural Gas Fund seller in Q4 2022 was Valiant Capital Management, an estimated $12.9M sold.

Based on aggregated 13F filings for Q4 2022.