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United States Natural Gas Fund
UNG

71 hedge funds and large institutions have $127M invested in United States Natural Gas Fund in 2020 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.08% more ownership

Funds ownership: 10.05% → 10.13% (+0.08%)

7% less call options, than puts

Call options by funds: $96.4M | Put options by funds: $104M

4% less funds holding

Funds holding: 74 → 71 (-3)

19% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 16

24% less capital invested

Capital invested by funds: $167M → $127M (-$40.1M)

25% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 20

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
71
Holders Change
-3
Holders Change %
-4.05%
% of All Funds
1.43%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
13
Increased
15
Reduced
20
Closed
16
Calls
$96.4M
Puts
$104M
Net Calls
-$7.16M
Net Calls Change
+$74.3M

Top Buyers

1
CS
Credit Suisse
Switzerland
+$5.76M
2
FAIM
Financial Advocates Investment Management
Washington
+$5.73M
3
Barclays
Barclays
United Kingdom
+$3.78M
4
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$2.22M
5
PWAC
Private Wealth Advisors (California)
California
+$1.45M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$30.6M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$20.6M
3
Wolverine Trading
Wolverine Trading
Illinois
-$7.77M
4
CIBC World Market
CIBC World Market
Ontario, Canada
-$5.37M
5
XS
XR Securities
Illinois
-$3.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
1
Susquehanna International Group
Pennsylvania
$33.2M -$20.6M -431,325 -37%
CS
2
Credit Suisse
Switzerland
$12.4M +$5.76M +120,326 +79%
UBS Group
3
UBS Group
Switzerland
$10.2M -$30.6M -638,421 -74%
Citadel Advisors
4
Citadel Advisors
Florida
$8.75M -$1.66M -34,600 -15%
Goldman Sachs
5
Goldman Sachs
New York
$7.7M -$4.79K -100 -0.1%
Bank of America
6
Bank of America
North Carolina
$7M +$969K +20,240 +15%
FAIM
7
Financial Advocates Investment Management
Washington
$5.47M +$5.73M +119,791 New
Citigroup
8
Citigroup
New York
$4.5M -$651K -13,612 -12%
Barclays
9
Barclays
United Kingdom
$3.86M +$3.78M +78,898 +1,374%
Wolverine Trading
10
Wolverine Trading
Illinois
$3.77M -$7.77M -162,450 -66%
Jane Street
11
Jane Street
New York
$3.64M -$2.65M -55,403 -41%
Parallax Volatility Advisers
12
Parallax Volatility Advisers
California
$2.59M +$2.22M +46,308 +443%
Group One Trading
13
Group One Trading
Illinois
$2.4M -$459K -9,585 -15%
FTUS
14
Flow Traders U.S.
New York
$2.16M +$1.31M +27,475 +139%
Simplex Trading
15
Simplex Trading
Illinois
$1.86M +$1.44M +30,032 +279%
Wells Fargo
16
Wells Fargo
California
$1.83M -$1.76M -36,869 -48%
Mirae Asset Global Investments
17
Mirae Asset Global Investments
South Korea
$1.69M -$124K -2,582 -7%
CG
18
Cutler Group
California
$1.6M -$1.13M -23,630 -40%
Morgan Stanley
19
Morgan Stanley
New York
$1.48M -$2.95M -61,647 -66%
PWAC
20
Private Wealth Advisors (California)
California
$1.38M +$1.45M +30,284 New
BCM
21
Brookstone Capital Management
Illinois
$1.29M +$1.36M +28,374 New
SG Americas Securities
22
SG Americas Securities
New York
$1.16M -$64.2K -1,341 -5%
LPL Financial
23
LPL Financial
California
$840K -$1.63K -34 -0.2%
MML Investors Services
24
MML Investors Services
Massachusetts
$588K +$2.63K +55 +0.4%
Daiwa Securities Group
25
Daiwa Securities Group
Japan
$525K +$173K +3,625 +46%
1
2 3 4

UNG Hedge Fund Activity: Q3 2020 in Review

71 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q3 2020, worth a combined $127M — down 24% from $167M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of UNG and 13 opened new positions — a net loss of 3 holders — while 20 trimmed existing stakes and 15 added.

The largest buyer was Credit Suisse, adding an estimated $5.76M. The largest seller was UBS Group, cutting an estimated $30.6M.

  • 71 institutional investors held United States Natural Gas Fund (UNG) as of Q3 2020, down from 74 in Q2 2020.
  • Funds reported $127M of United States Natural Gas Fund stock for Q3 2020, down 24% quarter-over-quarter.
  • 13 funds opened new United States Natural Gas Fund positions in Q3 2020 and 16 closed out, a net change of -3 holders.
  • The largest United States Natural Gas Fund buyer in Q3 2020 was Credit Suisse, an estimated $5.76M added.
  • The largest United States Natural Gas Fund seller in Q3 2020 was UBS Group, an estimated $30.6M sold.

Based on aggregated 13F filings for Q3 2020.