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United States Natural Gas Fund
UNG

72 hedge funds and large institutions have $126M invested in United States Natural Gas Fund in 2019 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 13

14% more call options, than puts

Call options by funds: $223M | Put options by funds: $195M

6% more funds holding

Funds holding: 68 → 72 (+4)

0% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 16

4.41% less ownership

Funds ownership: 16.74% → 12.32% (-4.4%)

42% less capital invested

Capital invested by funds: $218M → $126M (-$91.8M)

Holders
72
Holders Change
+4
Holders Change %
+5.88%
% of All Funds
1.56%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
18
Increased
16
Reduced
16
Closed
13
Calls
$223M
Puts
$195M
Net Calls
+$28M
Net Calls Change
+$43.1M

Top Buyers

1
IMC Chicago
IMC Chicago
Illinois
+$6.15M
2
Barclays
Barclays
United Kingdom
+$3.8M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$2.66M
4
WMSA
Weiss Multi-Strategy Advisers
New York
+$2.5M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$1.95M

Top Sellers

1
Jane Street
Jane Street
New York
-$24.2M
2
Morgan Stanley
Morgan Stanley
New York
-$20.1M
3
Wolverine Trading
Wolverine Trading
Illinois
-$16.1M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$12.2M
5
Citadel Advisors
Citadel Advisors
Florida
-$10.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
BNP Paribas Financial Markets
1
BNP Paribas Financial Markets
France
$24.9M -$12.2M -122,321 -32%
Goldman Sachs
2
Goldman Sachs
New York
$15.9M -$7.78M -77,852 -31%
CA
3
Commerzbank Aktiengesellschaft
Germany
$13M +$81.8K +818 +0.6%
Wolverine Trading
4
Wolverine Trading
Illinois
$10.6M -$16.1M -161,181 -59%
UBS Group
5
UBS Group
Switzerland
$8.84M -$543K -5,435 -5%
Citigroup
6
Citigroup
New York
$6.52M +$1.06M +10,605 +18%
IMC Chicago
7
IMC Chicago
Illinois
$5.78M +$6.15M +61,486 New
HT
8
HAP Trading
New York
$5.47M -$2.04M -20,411 -26%
Barclays
9
Barclays
United Kingdom
$4.65M +$3.8M +38,038 +331%
Parallax Volatility Advisers
10
Parallax Volatility Advisers
California
$3.01M +$2.66M +26,619 +493%
PL
11
Polianta Ltd
Jersey
$2.79M – – –
WMSA
12
Weiss Multi-Strategy Advisers
New York
$2.35M +$2.5M +25,000 New
Citadel Advisors
13
Citadel Advisors
Florida
$2.29M -$10.7M -106,729 -81%
Q
14
QVR
California
$1.91M +$1.23M +12,340 +154%
Morgan Stanley
15
Morgan Stanley
New York
$1.89M -$20.1M -200,634 -91%
Susquehanna International Group
16
Susquehanna International Group
Pennsylvania
$1.83M +$1.95M +19,495 New
CS
17
Credit Suisse
Switzerland
$1.58M +$361K +3,616 +27%
GLI
18
Guardian Life Insurance
New York
$1.44M +$706K +7,060 +85%
CC
19
Chanos & Company
New York
$1.27M +$721K +7,217 +115%
Nomura Holdings
20
Nomura Holdings
Japan
$1.15M – – –
Walleye Trading
21
Walleye Trading
New York
$1.12M +$1.19M +11,887 New
Group One Trading
22
Group One Trading
Illinois
$771K +$820K +8,207 New
SG Americas Securities
23
SG Americas Securities
New York
$750K +$494K +4,938 +162%
Daiwa Securities Group
24
Daiwa Securities Group
Japan
$669K +$210K +2,100 +42%
LPL Financial
25
LPL Financial
California
$649K -$113K -1,127 -14%
1
2 3 4

UNG Hedge Fund Activity: Q1 2019 in Review

72 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q1 2019, worth a combined $126M — down 42% from $218M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new UNG positions and 13 closed out — a net gain of 5 holders — while 16 added to existing stakes and 16 trimmed.

The largest buyer was IMC Chicago, opening a new position worth an estimated $6.15M. The largest seller was Jane Street, exiting entirely with an estimated $24.2M sold.

  • 72 institutional investors held United States Natural Gas Fund (UNG) as of Q1 2019, up from 68 in Q4 2018.
  • Funds reported $126M of United States Natural Gas Fund stock for Q1 2019, down 42% quarter-over-quarter.
  • 18 funds opened new United States Natural Gas Fund positions in Q1 2019 and 13 closed out, a net change of +5 holders.
  • The largest United States Natural Gas Fund buyer in Q1 2019 was IMC Chicago, an estimated $6.15M added.
  • The largest United States Natural Gas Fund seller in Q1 2019 was Jane Street, an estimated $24.2M sold.

Based on aggregated 13F filings for Q1 2019.