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United States Natural Gas Fund
UNG

86 hedge funds and large institutions have $102M invested in United States Natural Gas Fund in 2024 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 29 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more call options, than puts

Call options by funds: $153M | Put options by funds: $118M

2.23% less ownership

Funds ownership: 14.4% → 12.17% (-2.2%)

17% less funds holding

Funds holding: 103 → 86 (-17)

23% less capital invested

Capital invested by funds: $132M → $102M (-$29.8M)

45% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 29

50% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 30

Holders
86
Holders Change
-17
Holders Change %
-16.5%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
16
Reduced
29
Closed
30
Calls
$153M
Puts
$118M
Net Calls
+$35.1M
Net Calls Change
+$15.2M

Top Buyers

Rank Fund Capital Flow
1
SG
Sourcerock Group
Colorado
+$8.85M
2
Jane Street
Jane Street
New York
+$6.01M
3
Bank of America
Bank of America
North Carolina
+$3.48M
4
CWM
Centric Wealth Management
Illinois
+$3.07M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.97M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$14M
2
QC
Quadrature Capital
United Kingdom
-$6.75M
3
VF
Virtu Financial
New York
-$6.48M
4
Group One Trading
Group One Trading
Illinois
-$4.1M
5
Simplex Trading
Simplex Trading
Illinois
-$3.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
76
Harbour Investments
Wisconsin
$874 – – –
NWWA
77
New Wave Wealth Advisors
Arkansas
$841 +$715 +50 New
LFG
78
Larson Financial Group
Missouri
$807 – – –
Jones Financial Companies
79
Jones Financial Companies
Missouri
$538 +$458 +32 New
ADL
80
Asset Dedication LLC
California
$337 – – –
NECFA
81
New England Capital Financial Advisors
Connecticut
$303 – – –
AF
82
Allworth Financial
California
$223 – – –
GRP
83
Global Retirement Partners
California
$101 – – –
AAP
84
Arax Advisory Partners
Colorado
$85 – – –
SS
85
Sunbelt Securities
Texas
$72 – – –
FDCDDQ
86
Federation des caisses Desjardins du Quebec
Quebec, Canada
$67 – – –
AF
87
Advisornet Financial
Minnesota
$17 – – –
QC
88
Quadrature Capital
United Kingdom
– -$6.75M -413,150 Closed
VF
89
Virtu Financial
New York
– -$6.48M -396,968 Closed
Group One Trading
90
Group One Trading
Illinois
– -$4.1M -286,506 Closed
Simplex Trading
91
Simplex Trading
Illinois
– -$3.91M -273,546 Closed
IMC Chicago
92
IMC Chicago
Illinois
– -$3.58M -250,538 Closed
LP
93
LMR Partners
United Kingdom
– -$1.27M -77,500 Closed
KAS
94
Kestra Advisory Services
Texas
– -$1.04M -63,592 Closed
GS
95
GTS Securities
New York
– -$999K -61,151 Closed
IAIM
96
International Assets Investment Management
Florida
– -$2.82K -46,116 Closed
MML Investors Services
97
MML Investors Services
Massachusetts
– -$712K -43,602 Closed
IWM
98
IHT Wealth Management
Illinois
– -$507K -31,025 Closed
FGA
99
Fortis Group Advisors
New Jersey
– -$359K -21,978 Closed
Creative Planning
100
Creative Planning
Kansas
– -$345K -21,146 Closed
1 2 3
4
5

UNG Hedge Fund Activity: Q4 2024 in Review

86 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2024, worth a combined $102M — down 23% from $132M a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of UNG and 15 opened new positions — a net loss of 15 holders — while 29 trimmed existing stakes and 16 added.

The largest buyer was Sourcerock Group, opening a new position worth an estimated $8.85M. The largest seller was Citadel Advisors, cutting an estimated $14M.

  • 86 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2024, down from 103 in Q3 2024.
  • Funds reported $102M of United States Natural Gas Fund stock for Q4 2024, down 23% quarter-over-quarter.
  • 15 funds opened new United States Natural Gas Fund positions in Q4 2024 and 30 closed out, a net change of -15 holders.
  • The largest United States Natural Gas Fund buyer in Q4 2024 was Sourcerock Group, an estimated $8.85M added.
  • The largest United States Natural Gas Fund seller in Q4 2024 was Citadel Advisors, an estimated $14M sold.

Based on aggregated 13F filings for Q4 2024.