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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
VAM
101
Verity Asset Management
North Carolina
– -$350K -28,577 Closed
XT
102
XTX Topco
Cayman Islands
– -$273K -22,242 Closed
CAG
103
Csenge Advisory Group
Florida
– -$233K -19,019 Closed
CM
104
Caption Management
Oklahoma
– -$184K -15,000 Closed
DA
105
Doliver Advisors
Texas
– -$179K -14,600 Closed
AA
106
Ancora Advisors
Ohio
– -$84K -6,850 Closed
FHA
107
Flagship Harbor Advisors
Massachusetts
– -$35.6K -2,900 Closed
National Bank of Canada
108
National Bank of Canada
Quebec, Canada
– -$29.7K -2,426 Closed
SEP
109
Signature Equity Partners
Ohio
– -$5.69K -464 Closed
TPBG
110
Turning Point Benefit Group
Maryland
– -$5.58K -455 Closed
SHF
111
Safe Harbor Fiduciary
Florida
– -$1.53K -125 Closed
TCM
112
Triumph Capital Management
Colorado
– -$1.23K -100 Closed
Bank of America
113
Bank of America
North Carolina
– -$625 -51 Closed
CP
114
Camelot Portfolios
Ohio
– -$123 -10 Closed
AT
115
Avenir Tech
Hong Kong
– -$12 -1 Closed
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.