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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.

New
Increased
Maintained
Reduced
Closed

29% more capital invested

Capital invested by funds: $340M → $439M (+$99.4M)

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

Holders
80
Holders Change
-4
Holders Change %
-4.76%
% of All Funds
2.59%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
13
Increased
27
Reduced
22
Closed
16
Calls
$98.7M
Puts
$385M
Net Calls
-$286M
Net Calls Change
-$298M

Top Buyers

1
Goldman Sachs
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
Colorado
+$9.46M
5
CS
Credit Suisse
Switzerland
+$5.21M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$10.6M
2
SWM
Strategic Wealth Management
Washington
-$6M
3
MIM
Macroview Investment Management
Maryland
-$4.12M
4
CC
Chanos & Company
New York
-$4.06M
5
BIG
Blackthorn Investment Group
Kansas
-$3.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$174M +$94.7M +315,695 +113%
Citigroup
2
Citigroup
New York
$61.3M -$1.45M -4,820 -2%
Morgan Stanley
3
Morgan Stanley
New York
$37.5M -$2.16M -7,196 -5%
BNP Paribas Financial Markets
4
BNP Paribas Financial Markets
France
$34.2M +$4.23M +14,097 +14%
SCM
5
Sandler Capital Management
New York
$23.5M +$24.1M +80,306 New
CC
6
Chanos & Company
New York
$14.3M -$4.06M -13,512 -22%
GLI
7
Guardian Life Insurance
New York
$14.2M +$1.11M +3,697 +8%
VF
8
Virtu Financial
New York
$9.87M +$10.1M +33,742 New
CC
9
Curian Capital
Colorado
$9.22M +$9.46M +31,532 New
JP Morgan Chase
10
JP Morgan Chase
New York
$8.82M +$187K +622 +2%
CS
11
Credit Suisse
Switzerland
$7.57M +$5.21M +17,346 +203%
LPL Financial
12
LPL Financial
California
$4.64M +$996K +3,319 +29%
Wells Fargo
13
Wells Fargo
California
$4.26M +$315K +1,051 +8%
Mirae Asset Global Investments
14
Mirae Asset Global Investments
South Korea
$3.8M +$535K +1,782 +16%
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$3.44M +$1.33M +4,424 +60%
U
16
UBS
Switzerland
$3.27M +$1.68M +5,613 +101%
MIM
17
Macroview Investment Management
Maryland
$2.93M -$4.12M -13,725 -58%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$2.9M +$2M +6,659 +204%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$1.91M -$131K -437 -6%
TH
20
Timber Hill
Connecticut
$1.48M -$719K -2,397 -32%
FHC
21
First Heartland Consultants
Missouri
$1.46M -$71.4K -238 -5%
Nomura Holdings
22
Nomura Holdings
Japan
$1.37M +$140K +465 +11%
ST
23
Spot Trading
Illinois
$1.3M -$113K -378 -8%
Walleye Trading
24
Walleye Trading
New York
$1.1M -$1.4M -4,674 -55%
VKH
25
Virtu KCG Holdings
New York
$941K +$965K +3,217 New
1
2 3 4

UNG Hedge Fund Activity: Q3 2013 in Review

80 of the 3,084 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 29% from $340M 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 29% 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.