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United States Natural Gas Fund
UNG

103 hedge funds and large institutions have $87.5M invested in United States Natural Gas Fund in 2024 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 19 increasing their positions, 31 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 22

14% more call options, than puts

Call options by funds: $174M | Put options by funds: $152M

1.13% more ownership

Funds ownership: 12.04% → 13.17% (+1.1%)

1% more funds holding

Funds holding: 102 → 103 (+1)

5% less capital invested

Capital invested by funds: $92.2M → $87.5M (-$4.68M)

39% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 31

Holders
103
Holders Change
+1
Holders Change %
+0.98%
% of All Funds
1.49%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
26
Increased
19
Reduced
31
Closed
22
Calls
$174M
Puts
$152M
Net Calls
+$21.9M
Net Calls Change
-$269K

Top Buyers

1
LCM
Lonestar Capital Management
California
+$8.59M
2
Goldman Sachs
Goldman Sachs
New York
+$4.29M
3
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$3.98M
4
MTIM
Marathon Trading Investment Management
Pennsylvania
+$1.83M
5
JCA
Jade Capital Advisors
New Jersey
+$1.37M

Top Sellers

1
FTUS
Flow Traders U.S.
New York
-$8.49M
2
IMC Chicago
IMC Chicago
Illinois
-$5.67M
3
Jane Street
Jane Street
New York
-$4.16M
4
BFA
BBJS Financial Advisors
Washington
-$3.53M
5
SCM
Shah Capital Management
North Carolina
-$3.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
1
Jane Street
New York
$9.59M -$4.16M -242,160 -31%
LCM
2
Lonestar Capital Management
California
$8.71M +$8.59M +500,000 New
Wells Fargo
3
Wells Fargo
California
$7.62M -$651K -37,879 -8%
UBS Group
4
UBS Group
Switzerland
$4.45M +$1.28M +74,741 +41%
JP Morgan Chase
5
JP Morgan Chase
New York
$4.39M -$1.39M -80,776 -24%
Goldman Sachs
6
Goldman Sachs
New York
$4.36M +$4.29M +250,018 New
LPL Financial
7
LPL Financial
California
$4.33M -$39.9K -2,323 -0.9%
Morgan Stanley
8
Morgan Stanley
New York
$4.15M -$1.96M -113,962 -32%
Manulife (Manufacturers Life Insurance)
9
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4.03M +$3.98M +231,447 New
MTIM
10
Marathon Trading Investment Management
Pennsylvania
$3.07M +$1.83M +106,400 +152%
Citigroup
11
Citigroup
New York
$2.32M -$743K -43,253 -25%
Group One Trading
12
Group One Trading
Illinois
$2.23M -$1.98M -115,436 -47%
Barclays
13
Barclays
United Kingdom
$2.07M +$736K +42,869 +57%
Cetera Investment Advisers
14
Cetera Investment Advisers
Illinois
$2.05M +$241K +14,052 +14%
EA
15
Ellsworth Advisors
Ohio
$1.76M – – –
LP
16
LMR Partners
United Kingdom
$1.35M – – –
Daiwa Securities Group
17
Daiwa Securities Group
Japan
$1.32M -$448K -26,100 -26%
Bank of Montreal
18
Bank of Montreal
Ontario, Canada
$1.22M +$23.9K +1,393 +2%
KAS
19
Kestra Advisory Services
Texas
$1.16M +$58.5K +3,408 +5%
IMC Chicago
20
IMC Chicago
Illinois
$1.06M -$5.67M -329,982 -84%
TH
21
TCTC Holdings
Texas
$1.05M +$1.03M +60,000 New
ASN
22
Advisory Services Network
Georgia
$1.02M -$105K -6,121 -9%
Pathstone Holdings
23
Pathstone Holdings
New Jersey
$992K – – –
Mariner
24
Mariner
Kansas
$927K +$897K +52,201 New
SM
25
Southport Management
Wyoming
$784K +$773K +45,000 New
1
2 3 4 5

UNG Hedge Fund Activity: Q2 2024 in Review

103 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q2 2024, worth a combined $87.5M — down 5.1% from $92.2M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new UNG positions and 22 closed out — a net gain of 4 holders — while 19 added to existing stakes and 31 trimmed.

The largest buyer was Lonestar Capital Management, opening a new position worth an estimated $8.59M. The largest seller was Flow Traders U.S., cutting an estimated $8.49M.

  • 103 institutional investors held United States Natural Gas Fund (UNG) as of Q2 2024, up from 102 in Q1 2024.
  • Funds reported $87.5M of United States Natural Gas Fund stock for Q2 2024, down 5.1% quarter-over-quarter.
  • 26 funds opened new United States Natural Gas Fund positions in Q2 2024 and 22 closed out, a net change of +4 holders.
  • The largest United States Natural Gas Fund buyer in Q2 2024 was Lonestar Capital Management, an estimated $8.59M added.
  • The largest United States Natural Gas Fund seller in Q2 2024 was Flow Traders U.S., an estimated $8.49M sold.

Based on aggregated 13F filings for Q2 2024.