United States 12 Month Natural Gas Fund
19 hedge funds and large institutions have $4.27M invested in United States 12 Month Natural Gas Fund in 2025 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 4 closing their positions.
310% more call options, than puts
Call options by funds: $353K | Put options by funds: $86K
19% more capital invested
Capital invested by funds: $3.6M → $4.27M (+$669K)
6.09% more ownership
Funds ownership: 20% → 26.09% (+6.1%)
5% less funds holding
Funds holding: 20 → 19 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$583K |
| 2 |
Jane Street
New York
|
+$262K |
| 3 |
Belvedere Trading
Chicago,
Illinois
|
+$258K |
| 4 |
Simplex Trading
Chicago,
Illinois
|
+$81K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$44K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$539K |
| 2 |
FSA
Financial Services Advisory
Rockville,
Maryland
|
-$290K |
| 3 |
HC
Hourglass Capital
Houston,
Texas
|
-$167K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$139K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$129K |
UNL Hedge Fund Activity: Q1 2025 in Review
19 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in United States 12 Month Natural Gas Fund (UNL) for Q1 2025, worth a combined $4.27M — up 19% from $3.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of UNL and 3 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 3 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $583K. The largest seller was Susquehanna International Group, cutting an estimated $539K.
- 19 institutional investors held United States 12 Month Natural Gas Fund (UNL) as of Q1 2025, down from 20 in Q4 2024.
- Funds reported $4.27M of United States 12 Month Natural Gas Fund stock for Q1 2025, up 19% quarter-over-quarter.
- 3 funds opened new United States 12 Month Natural Gas Fund positions in Q1 2025 and 4 closed out, a net change of -1 holder.
- The largest United States 12 Month Natural Gas Fund buyer in Q1 2025 was Virtu Financial, an estimated $583K added.
- The largest United States 12 Month Natural Gas Fund seller in Q1 2025 was Susquehanna International Group, an estimated $539K sold.
Based on aggregated 13F filings for Q1 2025.