United States Natural Gas Fund
UNG
86 hedge funds and large institutions have $102M invested in United States Natural Gas Fund in 2024 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 29 reducing their positions, and 30 closing their positions.
30% more call options, than puts
Call options by funds: $153M | Put options by funds: $118M
2.23% less ownership
Funds ownership: 14.4% → 12.17% (-2.2%)
17% less funds holding
Funds holding: 103 → 86 (-17)
23% less capital invested
Capital invested by funds: $132M → $102M (-$29.8M)
45% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 29
50% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Sourcerock Group
Denver,
Colorado
|
+$8.85M |
| 2 |
Jane Street
New York
|
+$6.01M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$3.48M |
| 4 |
CWM
Centric Wealth Management
Chicago,
Illinois
|
+$3.07M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$14M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$6.75M |
| 3 |
VF
Virtu Financial
New York
|
-$6.48M |
| 4 |
Group One Trading
Chicago,
Illinois
|
-$4.1M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$3.91M |
UNG Hedge Fund Activity: Q4 2024 in Review
86 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q4 2024, worth a combined $102M — down 23% from $132M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of UNG and 15 opened new positions — a net loss of 15 holders — while 29 trimmed existing stakes and 16 added.
The largest buyer was Sourcerock Group, opening a new position worth an estimated $8.85M. The largest seller was Citadel Advisors, cutting an estimated $14M.
- 86 institutional investors held United States Natural Gas Fund (UNG) as of Q4 2024, down from 103 in Q3 2024.
- Funds reported $102M of United States Natural Gas Fund stock for Q4 2024, down 23% quarter-over-quarter.
- 15 funds opened new United States Natural Gas Fund positions in Q4 2024 and 30 closed out, a net change of -15 holders.
- The largest United States Natural Gas Fund buyer in Q4 2024 was Sourcerock Group, an estimated $8.85M added.
- The largest United States Natural Gas Fund seller in Q4 2024 was Citadel Advisors, an estimated $14M sold.
Based on aggregated 13F filings for Q4 2024.