United States Natural Gas Fund
UNG
81 hedge funds and large institutions have $240M invested in United States Natural Gas Fund in 2017 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 32 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
2.25% less ownership
Funds ownership: 4.38% → 2.13% (-2.3%)
17% less funds holding
Funds holding: 98 → 81 (-17)
20% less call options, than puts
Call options by funds: $246M | Put options by funds: $307M
31% less capital invested
Capital invested by funds: $346M → $240M (-$106M)
50% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 32
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$13.7M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$11.1M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$8.49M |
| 4 |
Jane Street
New York
|
+$8.04M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$8.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$32.5M |
| 2 |
Goldman Sachs
New York
|
-$19.4M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$18.6M |
| 4 |
JP Morgan Chase
New York
|
-$17.2M |
| 5 |
Morgan Stanley
New York
|
-$15.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EA
101
Edge Advisors
Atlanta,
Georgia
| – | -$1K | -12 | Closed |
|
|
MCIA
102
Mountain Capital Investment Advisors
Westminster,
Colorado
| – | -$1K | -6 | Closed |
|
103
US Bancorp
Minneapolis,
Minnesota
| – | -$387 | -4 | -67% |
|
|
PCG
104
Private Capital Group
West Hartford,
Connecticut
| – | +$387 | +4 | New |
|
|
SPIA
105
Steward Partners Investment Advisory
New York
| – | +$773 | +8 | New |
|
UNG Hedge Fund Activity: Q4 2017 in Review
81 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2017, worth a combined $240M — down 31% from $346M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of UNG and 16 opened new positions — a net loss of 16 holders — while 19 trimmed existing stakes and 22 added.
The largest buyer was Commerzbank Aktiengesellschaft, adding an estimated $13.7M. The largest seller was Citigroup, exiting entirely with an estimated $32.5M sold.
- 81 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2017, down from 98 in Q3 2017.
- Funds reported $240M of United States Natural Gas Fund stock for Q4 2017, down 31% quarter-over-quarter.
- 16 funds opened new United States Natural Gas Fund positions in Q4 2017 and 32 closed out, a net change of -16 holders.
- The largest United States Natural Gas Fund buyer in Q4 2017 was Commerzbank Aktiengesellschaft, an estimated $13.7M added.
- The largest United States Natural Gas Fund seller in Q4 2017 was Citigroup, an estimated $32.5M sold.
Based on aggregated 13F filings for Q4 2017.