United States Natural Gas Fund
UNG
90 hedge funds and large institutions have $58M invested in United States Natural Gas Fund in 2026 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 23 increasing their positions, 23 reducing their positions, and 19 closing their positions.
233% more call options, than puts
Call options by funds: $175M | Put options by funds: $52.6M
0% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 23
1.41% less ownership
Funds ownership: 15.15% → 13.74% (-1.4%)
6% less funds holding
Funds holding: 96 → 90 (-6)
14% less capital invested
Capital invested by funds: $67.6M → $58M (-$9.54M)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QC
Quadrature Capital
London,
United Kingdom
|
+$4.99M |
| 2 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
+$2.02M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.57M |
| 4 |
Group One Trading
Chicago,
Illinois
|
+$1.4M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$818K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JF
Jump Financial
Chicago,
Illinois
|
-$10M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.62M |
| 3 |
VF
Virtu Financial
New York
|
-$2.42M |
| 4 |
JP Morgan Chase
New York
|
-$1.8M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$1.42M |
UNG Hedge Fund Activity: Q2 2026 in Review
90 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in United States Natural Gas Fund (UNG) for Q2 2026, worth a combined $58M — down 14% from $67.6M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of UNG and 15 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 23 added.
The largest buyer was Quadrature Capital, opening a new position worth an estimated $4.99M. The largest seller was Jump Financial, exiting entirely with an estimated $10M sold.
- 90 institutional investors held United States Natural Gas Fund (UNG) as of Q2 2026, down from 96 in Q1 2026.
- Funds reported $58M of United States Natural Gas Fund stock for Q2 2026, down 14% quarter-over-quarter.
- 15 funds opened new United States Natural Gas Fund positions in Q2 2026 and 19 closed out, a net change of -4 holders.
- The largest United States Natural Gas Fund buyer in Q2 2026 was Quadrature Capital, an estimated $4.99M added.
- The largest United States Natural Gas Fund seller in Q2 2026 was Jump Financial, an estimated $10M sold.
Based on aggregated 13F filings for Q2 2026.