United States Natural Gas Fund
UNG
150 hedge funds and large institutions have $127M invested in United States Natural Gas Fund in 2023 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 39 closing their positions.
6% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 50
1.9% less ownership
Funds ownership: 5.07% → 3.17% (-1.9%)
7% less funds holding
Funds holding: 162 → 150 (-12)
23% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 39
46% less capital invested
Capital invested by funds: $236M → $127M (-$109M)
58% less call options, than puts
Call options by funds: $79.2M | Put options by funds: $190M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$15.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.75M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.14M |
| 4 |
LPL Financial
San Diego,
California
|
+$2.77M |
| 5 |
IMC Chicago
Chicago,
Illinois
|
+$2.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$63.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$10.2M |
| 3 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$4.36M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$3.31M |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$3.05M |
UNG Hedge Fund Activity: Q4 2023 in Review
150 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2023, worth a combined $127M — down 46% from $236M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of UNG and 30 opened new positions — a net loss of 9 holders — while 50 trimmed existing stakes and 47 added.
The largest buyer was Morgan Stanley, adding an estimated $15.1M. The largest seller was Jane Street, cutting an estimated $63.7M.
- 150 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2023, down from 162 in Q3 2023.
- Funds reported $127M of United States Natural Gas Fund stock for Q4 2023, down 46% quarter-over-quarter.
- 30 funds opened new United States Natural Gas Fund positions in Q4 2023 and 39 closed out, a net change of -9 holders.
- The largest United States Natural Gas Fund buyer in Q4 2023 was Morgan Stanley, an estimated $15.1M added.
- The largest United States Natural Gas Fund seller in Q4 2023 was Jane Street, an estimated $63.7M sold.
Based on aggregated 13F filings for Q4 2023.