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United States Natural Gas Fund
UNG

95 hedge funds and large institutions have $198M invested in United States Natural Gas Fund in 2016 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 26 increasing their positions, 27 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

54% more call options, than puts

Call options by funds: $181M | Put options by funds: $118M

14% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 21

0% more funds holding

Funds holding: 95 → 95 (0)

0.23% less ownership

Funds ownership: 2.4% → 2.16% (-0.23%)

4% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 27

7% less capital invested

Capital invested by funds: $214M → $198M (-$15.9M)

Holders
95
Holders Change
–
Holders Change %
0%
% of All Funds
2.38%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
24
Increased
26
Reduced
27
Closed
21
Calls
$181M
Puts
$118M
Net Calls
+$63.1M
Net Calls Change
+$61.4M

Top Buyers

1
Citigroup
Citigroup
New York
+$18.4M
2
Twin Tree Management
Twin Tree Management
Texas
+$12.9M
3
Group One Trading
Group One Trading
Illinois
+$8.11M
4
Barclays
Barclays
United Kingdom
+$4.55M
5
Jane Street
Jane Street
New York
+$3.49M

Top Sellers

1
NSLI
Nan Shan Life Insurance
Taiwan
-$41.9M
2
Goldman Sachs
Goldman Sachs
New York
-$30.5M
3
GJL
Gendell Jeffrey L
-$10.5M
4
N
Nuveen
North Carolina
-$3.99M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$3.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
1
Citigroup
New York
$73.9M +$18.4M +135,208 +38%
Group One Trading
2
Group One Trading
Illinois
$23.7M +$8.11M +59,673 +60%
Twin Tree Management
3
Twin Tree Management
Texas
$14.2M +$12.9M +95,017 New
OTC
4
Opera Trading Capital
France
$7.31M – – –
Barclays
5
Barclays
United Kingdom
$6.69M +$4.55M +33,512 +297%
Jane Street
6
Jane Street
New York
$6.42M +$3.49M +25,644 +148%
Morgan Stanley
7
Morgan Stanley
New York
$5.78M -$3.12M -22,991 -37%
Mirae Asset Global Investments
8
Mirae Asset Global Investments
South Korea
$5.63M +$446K +3,282 +10%
Susquehanna International Group
9
Susquehanna International Group
Pennsylvania
$3.35M +$1.64M +12,074 +117%
FNT
10
First National Trust
Pennsylvania
$3.11M +$2.83M +20,835 New
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$3.1M +$2.58M +18,997 +1,066%
Wells Fargo
12
Wells Fargo
California
$3M -$625K -4,596 -19%
JT
13
Jump Trading
Illinois
$2.99M +$2.72M +20,033 New
FTUS
14
Flow Traders U.S.
New York
$2.94M +$1.75M +12,872 +189%
GLI
15
Guardian Life Insurance
New York
$2.91M -$537K -3,954 -17%
BG
16
Bollard Group
Massachusetts
$2.76M – – –
MLM
17
Mount Lucas Management
Pennsylvania
$2.63M +$1.58M +11,650 +196%
CC
18
Chanos & Company
New York
$2.54M +$2.32M +17,032 New
Goldman Sachs
19
Goldman Sachs
New York
$2.33M -$30.5M -224,587 -94%
BNP Paribas Financial Markets
20
BNP Paribas Financial Markets
France
$2.17M +$150K +1,106 +8%
CG
21
Cutler Group
California
$2.1M +$1.03M +7,546 +116%
VF
22
Virtu Financial
New York
$1.5M +$1.36M +10,027 New
VKH
23
Virtu KCG Holdings
New York
$1.39M +$1,000K +7,356 +374%
LPL Financial
24
LPL Financial
California
$1.28M -$138K -1,018 -10%
UBS Group
25
UBS Group
Switzerland
$1.12M +$434K +3,196 +75%
1
2 3 4 5

UNG Hedge Fund Activity: Q4 2016 in Review

95 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2016, worth a combined $198M — down 7.4% from $214M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new UNG positions and 21 closed out — a net gain of 3 holders — while 26 added to existing stakes and 27 trimmed.

The largest buyer was Citigroup, adding an estimated $18.4M. The largest seller was Nan Shan Life Insurance, exiting entirely with an estimated $41.9M sold.

  • 95 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2016, unchanged from Q3 2016.
  • Funds reported $198M of United States Natural Gas Fund stock for Q4 2016, down 7.4% quarter-over-quarter.
  • 24 funds opened new United States Natural Gas Fund positions in Q4 2016 and 21 closed out, a net change of +3 holders.
  • The largest United States Natural Gas Fund buyer in Q4 2016 was Citigroup, an estimated $18.4M added.
  • The largest United States Natural Gas Fund seller in Q4 2016 was Nan Shan Life Insurance, an estimated $41.9M sold.

Based on aggregated 13F filings for Q4 2016.