United States Natural Gas Fund
UNG
162 hedge funds and large institutions have $236M invested in United States Natural Gas Fund in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 50 increasing their positions, 45 reducing their positions, and 27 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 45
4% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 27
1.1% less ownership
Funds ownership: 6.17% → 5.07% (-1.1%)
2% less funds holding
Funds holding: 166 → 162 (-4)
14% less capital invested
Capital invested by funds: $275M → $236M (-$38.6M)
22% less call options, than puts
Call options by funds: $119M | Put options by funds: $152M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
+$5.37M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.49M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$2.73M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.51M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$18M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$5.55M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$4.13M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$3.87M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$1.27M |
UNG Hedge Fund Activity: Q3 2023 in Review
162 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q3 2023, worth a combined $236M — down 14% from $275M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of UNG and 26 opened new positions — a net loss of 1 holder — while 45 trimmed existing stakes and 50 added.
The largest buyer was National Bank of Canada, adding an estimated $5.37M. The largest seller was Jane Street, cutting an estimated $18M.
- 162 institutional investors held United States Natural Gas Fund (UNG) as of Q3 2023, down from 166 in Q2 2023.
- Funds reported $236M of United States Natural Gas Fund stock for Q3 2023, down 14% quarter-over-quarter.
- 26 funds opened new United States Natural Gas Fund positions in Q3 2023 and 27 closed out, a net change of -1 holder.
- The largest United States Natural Gas Fund buyer in Q3 2023 was National Bank of Canada, an estimated $5.37M added.
- The largest United States Natural Gas Fund seller in Q3 2023 was Jane Street, an estimated $18M sold.
Based on aggregated 13F filings for Q3 2023.