United States Natural Gas Fund
UNG
80 hedge funds and large institutions have $439M invested in United States Natural Gas Fund in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 22 reducing their positions, and 16 closing their positions.
28% more capital invested
Capital invested by funds: $343M → $439M (+$96.4M)
23% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 22
0.5% more ownership
Funds ownership: 2.64% → 3.14% (+0.5%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less funds holding
Funds holding: 84 → 80 (-4)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
74% less call options, than puts
Call options by funds: $98.7M | Put options by funds: $385M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$94.7M |
| 2 |
SCM
Sandler Capital Management
New York
|
+$24.1M |
| 3 |
VF
Virtu Financial
New York
|
+$10.1M |
| 4 |
CC
Curian Capital
Denver,
Colorado
|
+$9.46M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$10.6M |
| 2 |
SWM
Strategic Wealth Management
Kirkland,
Washington
|
-$6M |
| 3 |
MIM
Macroview Investment Management
Bethesda,
Maryland
|
-$4.12M |
| 4 |
CC
Chanos & Company
New York
|
-$4.06M |
| 5 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$3.79M |
UNG Hedge Fund Activity: Q3 2013 in Review
80 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q3 2013, worth a combined $439M — up 28% from $343M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of UNG and 13 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 27 added.
The largest buyer was Goldman Sachs, adding an estimated $94.7M. The largest seller was Bank of America, cutting an estimated $10.6M.
- 80 institutional investors held United States Natural Gas Fund (UNG) as of Q3 2013, down from 84 in Q2 2013.
- Funds reported $439M of United States Natural Gas Fund stock for Q3 2013, up 28% quarter-over-quarter.
- 13 funds opened new United States Natural Gas Fund positions in Q3 2013 and 16 closed out, a net change of -3 holders.
- The largest United States Natural Gas Fund buyer in Q3 2013 was Goldman Sachs, an estimated $94.7M added.
- The largest United States Natural Gas Fund seller in Q3 2013 was Bank of America, an estimated $10.6M sold.
Based on aggregated 13F filings for Q3 2013.