United States 12 Month Natural Gas Fund
10 hedge funds and large institutions have $760K invested in United States 12 Month Natural Gas Fund in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 5 closing their positions.
108% more call options, than puts
Call options by funds: $162K | Put options by funds: $78K
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
13.32% less ownership
Funds ownership: 20.54% → 7.22% (-13%)
29% less funds holding
Funds holding: 14 → 10 (-4)
70% less capital invested
Capital invested by funds: $2.51M → $760K (-$1.75M)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$13.3K |
| 2 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$575 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSA
Financial Services Advisory
Rockville,
Maryland
|
-$764K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$471K |
| 3 |
Jane Street
New York
|
-$329K |
| 4 |
AF
Allworth Financial
Folsom,
California
|
-$52.3K |
| 5 |
MWM
Meridian Wealth Management
Lexington,
Kentucky
|
-$43.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MWM
1
Meridian Wealth Management
Lexington,
Kentucky
| $439K | -$43.9K | -5,500 | -9% |
|
|
2
Citadel Advisors
Miami,
Florida
| $218K | +$13.3K | +1,661 | +6% |
|
3
Group One Trading
Chicago,
Illinois
| $63.9K | – | – | – |
|
|
AAS
4
Ameritas Advisory Services
Lincoln,
Nebraska
| $14.2K | – | – | – |
|
5
Osaic Holdings
Scottsdale,
Arizona
| $10.5K | – | – | – |
|
|
VWM
6
Vermillion Wealth Management
Rosemount,
Minnesota
| $6.92K | – | – | – |
|
7
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $5.61K | – | – | – |
|
|
8
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | +$575 | +72 | New |
|
|
WPWM
9
Western Pacific Wealth Management
Lake Forest,
Illinois
| $312 | – | – | – |
|
10
Morgan Stanley
New York
| $16 | – | – | – |
|
|
FSA
11
Financial Services Advisory
Rockville,
Maryland
| – | -$764K | -87,701 | Closed |
|
|
12
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$471K | -54,007 | Closed |
|
|
13
Jane Street
New York
| – | -$329K | -37,811 | Closed |
|
|
AF
14
Allworth Financial
Folsom,
California
| – | -$52.3K | -6,000 | Closed |
|
|
T
15
Transce3nd
Kyle,
Texas
| – | -$7.41K | -851 | Closed |
|
UNL Hedge Fund Activity: Q3 2025 in Review
10 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in United States 12 Month Natural Gas Fund (UNL) for Q3 2025, worth a combined $760K — down 70% from $2.51M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of UNL and 1 opened new positions — a net loss of 4 holders — while 1 trimmed existing stakes and 1 added.
The largest buyer was Citadel Advisors, adding an estimated $13.3K. The largest seller was Financial Services Advisory, exiting entirely with an estimated $764K sold.
- 10 institutional investors held United States 12 Month Natural Gas Fund (UNL) as of Q3 2025, down from 14 in Q2 2025.
- Funds reported $760K of United States 12 Month Natural Gas Fund stock for Q3 2025, down 70% quarter-over-quarter.
- 1 fund opened new United States 12 Month Natural Gas Fund positions in Q3 2025 and 5 closed out, a net change of -4 holders.
- The largest United States 12 Month Natural Gas Fund buyer in Q3 2025 was Citadel Advisors, an estimated $13.3K added.
- The largest United States 12 Month Natural Gas Fund seller in Q3 2025 was Financial Services Advisory, an estimated $764K sold.
Based on aggregated 13F filings for Q3 2025.