United States Natural Gas Fund
UNG
105 hedge funds and large institutions have $132M invested in United States Natural Gas Fund in 2024 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 21 closing their positions.
182% more capital inflows, than outflows
Capital inflows: $64.8M | Capital outflows: $23M
37% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 19
19% more call options, than puts
Call options by funds: $125M | Put options by funds: $105M
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
5.98% more ownership
Funds ownership: 8.35% → 14.33% (+6%)
2% more funds holding
Funds holding: 103 → 105 (+2)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$15.9M |
| 2 |
Jane Street
New York
|
+$7.33M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.77M |
| 4 |
Quadrature Capital
London,
United Kingdom
|
+$5.99M |
| 5 |
Virtu Financial
New York
|
+$5.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lonestar Capital Management
San Francisco,
California
|
-$8.72M |
| 2 |
Marathon Trading Investment Management
Radnor,
Pennsylvania
|
-$3.07M |
| 3 |
Ellsworth Advisors
Hudson,
Ohio
|
-$1.76M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.45M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.31M |
UNG Hedge Fund Activity: Q3 2024 in Review
105 of the 6,989 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q3 2024, worth a combined $132M — up 51% from $87.5M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new UNG positions and 21 closed out — a net gain of 3 holders — while 26 added to existing stakes and 19 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $15.9M. The largest seller was Lonestar Capital Management, exiting entirely with an estimated $8.72M sold.
- 105 institutional investors held United States Natural Gas Fund (UNG) as of Q3 2024, up from 103 in Q2 2024.
- Funds reported $132M of United States Natural Gas Fund stock for Q3 2024, up 51% quarter-over-quarter.
- 24 funds opened new United States Natural Gas Fund positions in Q3 2024 and 21 closed out, a net change of +3 holders.
- The largest United States Natural Gas Fund buyer in Q3 2024 was Citadel Advisors, an estimated $15.9M added.
- The largest United States Natural Gas Fund seller in Q3 2024 was Lonestar Capital Management, an estimated $8.72M sold.
Based on aggregated 13F filings for Q3 2024.