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United States Natural Gas Fund
UNG

64 hedge funds and large institutions have $85.8M invested in United States Natural Gas Fund in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 18 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more call options, than puts

Call options by funds: $164M | Put options by funds: $142M

1.36% less ownership

Funds ownership: 9.99% → 8.62% (-1.4%)

6% less funds holding

Funds holding: 68 → 64 (-4)

29% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 14

34% less capital invested

Capital invested by funds: $130M → $85.8M (-$44.4M)

44% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 18

Holders
64
Holders Change
-4
Holders Change %
-5.88%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
10
Reduced
18
Closed
14
Calls
$164M
Puts
$142M
Net Calls
+$21.6M
Net Calls Change
+$37.5M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$5.32M
2
CG
Cutler Group
California
+$2.49M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$2.28M
4
MML Investors Services
MML Investors Services
Massachusetts
+$592K
5
IMC Chicago
IMC Chicago
Illinois
+$559K

Top Sellers

1
Barclays
Barclays
United Kingdom
-$15M
2
Jane Street
Jane Street
New York
-$14.5M
3
UBS Group
UBS Group
Switzerland
-$9.53M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$4.2M
5
Morgan Stanley
Morgan Stanley
New York
-$2.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$13.5M +$885 +11 +0%
CA
2
Commerzbank Aktiengesellschaft
Germany
$11.5M – – –
Citadel Advisors
3
Citadel Advisors
Florida
$11.4M +$5.32M +66,166 +86%
Barclays
4
Barclays
United Kingdom
$10.6M -$15M -187,070 -59%
Wolverine Trading
5
Wolverine Trading
Illinois
$6.24M -$1.76M -21,871 -22%
CS
6
Credit Suisse
Switzerland
$4.95M -$1.42M -17,669 -22%
UBS Group
7
UBS Group
Switzerland
$4.49M -$9.53M -118,528 -68%
Parallax Volatility Advisers
8
Parallax Volatility Advisers
California
$3.52M +$2.28M +28,300 +178%
Citigroup
9
Citigroup
New York
$2.7M +$3.14K +39 +0.1%
CG
10
Cutler Group
California
$2.47M +$2.49M +30,958 New
Mirae Asset Global Investments
11
Mirae Asset Global Investments
South Korea
$1.84M +$144K +1,793 +8%
Morgan Stanley
12
Morgan Stanley
New York
$1.54M -$2.83M -35,246 -65%
GLI
13
Guardian Life Insurance
New York
$1.23M – – –
BNP Paribas Financial Markets
14
BNP Paribas Financial Markets
France
$872K -$1.5M -18,624 -63%
SG Americas Securities
15
SG Americas Securities
New York
$829K +$102K +1,264 +14%
LPL Financial
16
LPL Financial
California
$828K +$116K +1,442 +16%
Walleye Trading
17
Walleye Trading
New York
$787K -$345K -4,285 -30%
Wells Fargo
18
Wells Fargo
California
$614K -$95.3K -1,185 -13%
MML Investors Services
19
MML Investors Services
Massachusetts
$587K +$592K +7,366 New
VF
20
Virtu Financial
New York
$559K -$1.8M -22,398 -76%
IMC Chicago
21
IMC Chicago
Illinois
$554K +$559K +6,951 New
Jane Street
22
Jane Street
New York
$544K -$14.5M -180,759 -96%
KCM
23
Kempner Capital Management
Texas
$519K – – –
Daiwa Securities Group
24
Daiwa Securities Group
Japan
$482K -$177K -2,200 -27%
BFM
25
Boothbay Fund Management
New York
$410K +$414K +5,147 New
1
2 3

UNG Hedge Fund Activity: Q3 2019 in Review

64 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q3 2019, worth a combined $85.8M — down 34% from $130M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of UNG and 10 opened new positions — a net loss of 4 holders — while 18 trimmed existing stakes and 10 added.

The largest buyer was Citadel Advisors, adding an estimated $5.32M. The largest seller was Barclays, cutting an estimated $15M.

  • 64 institutional investors held United States Natural Gas Fund (UNG) as of Q3 2019, down from 68 in Q2 2019.
  • Funds reported $85.8M of United States Natural Gas Fund stock for Q3 2019, down 34% quarter-over-quarter.
  • 10 funds opened new United States Natural Gas Fund positions in Q3 2019 and 14 closed out, a net change of -4 holders.
  • The largest United States Natural Gas Fund buyer in Q3 2019 was Citadel Advisors, an estimated $5.32M added.
  • The largest United States Natural Gas Fund seller in Q3 2019 was Barclays, an estimated $15M sold.

Based on aggregated 13F filings for Q3 2019.