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United States Natural Gas Fund, LP

UNG
Exchange
NYSE
Industry
Commodity Contracts Brokers & Dealers
SEC CIK
0001376227

No open-market purchases or sales by United States Natural Gas Fund, LP insiders were filed in the last 90 days; 91 institutions reported holding it in 13F filings for Q2 2026, worth $57.8M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in United States Natural Gas Fund, LP as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
81
+3 vs. Q1 2025
Shares held
4.49M
−3.31M (−42.4%) vs. Q1 2025
Total value
$68.3M
−$100.0M (−59.4%) vs. Q1 2025
New holders
21
26 more added
Sold out
18
17 more reduced

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting UNG on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 81 institutions
Q1 2021: 70 institutionsQ2 2021: 64 institutionsQ3 2021: 69 institutionsQ4 2021: 79 institutionsQ1 2022: 77 institutionsQ2 2022: 99 institutionsQ3 2022: 90 institutionsQ4 2022: 96 institutionsQ1 2023: 162 institutionsQ2 2023: 167 institutionsQ3 2023: 164 institutionsQ4 2023: 152 institutionsQ1 2024: 100 institutionsQ2 2024: 103 institutionsQ3 2024: 103 institutionsQ4 2024: 87 institutionsQ1 2025: 78 institutionsQ2 2025: 81 institutionsQ3 2025: 92 institutionsQ4 2025: 97 institutionsQ1 2026: 97 institutionsQ2 2026: 91 institutions
Value heldQ2 2025: $68.3M
Q1 2021: $90.4MQ2 2021: $89.5MQ3 2021: $151.7MQ4 2021: $93.1MQ1 2022: $151.0MQ2 2022: $133.1MQ3 2022: $181.8MQ4 2022: $137.3MQ1 2023: $331.0MQ2 2023: $274.9MQ3 2023: $236.4MQ4 2023: $115.3MQ1 2024: $90.9MQ2 2024: $87.5MQ3 2024: $132.2MQ4 2024: $102.4MQ1 2025: $168.3MQ2 2025: $68.3MQ3 2025: $95.8MQ4 2025: $57.9MQ1 2026: $67.6MQ2 2026: $57.8M
Institutions holding UNG and their total value by quarter
QuarterHoldersValue
Q2 202691$57.8M
Q1 202697$67.6M
Q4 202597$57.9M
Q3 202592$95.8M
Q2 202581$68.3M
Q1 202578$168.3M
Q4 202487$102.4M
Q3 2024103$132.2M
Q2 2024103$87.5M
Q1 2024100$90.9M
Q4 2023152$115.3M
Q3 2023164$236.4M
Q2 2023167$274.9M
Q1 2023162$331.0M
Q4 202296$137.3M
Q3 202290$181.8M
Q2 202299$133.1M
Q1 202277$151.0M
Q4 202179$93.1M
Q3 202169$151.7M
Q2 202164$89.5M
Q1 202170$90.4M

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding United States Natural Gas Fund, LP; share changes are against Q1 2025.

Institutions holding UNG in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Goldman Sachs Group Inc1,238,197$18.9M0.00%−182,621−12.9%Reduced
Jain Global LLC549,783$8.40M0.13%+549,783New
Morgan Stanley347,040$5.30M0.00%−833,819−70.6%Reduced
UBS Group AG287,119$4.39M0.00%+182,192+173.6%Added
Wells Fargo & Company221,030$3.38M0.00%−94,604−30.0%Reduced
IMC-Chicago, LLC171,785$2.62M0.07%−4,492−2.5%Reduced
Citadel Advisors LLC147,317$2.25M0.00%−256,149−63.5%Reduced
Cetera Investment Advisers135,405$2.07M0.00%+45,783+51.1%Added
Jane Street Group, LLC121,105$1.85M0.00%+27,252+29.0%Added
Wealth Enhancement Advisory Services, LLC111,773$1.70M0.00%+40,153+56.1%Added
LPL Financial LLC103,083$1.58M0.00%+14,549+16.4%Added
Citigroup Inc97,189$1.49M0.00%+27,043+38.6%Added
Quadrature Capital Ltd95,905$1.46M0.03%−31,934−25.0%Reduced
Daiwa Securities Group Inc.93,493$1.43M0.01%+22,400+31.5%Added
Centric Wealth Management80,000$1.06M0.25%+80,000New
JPMorgan Chase & Co61,503$939.8K0.00%+61,503New
Advisor Group Holdings, Inc.46,515$710.7K0.00%+24,447+110.8%Added
Bank of America Corp42,265$645.8K0.00%+42,215+84,430.0%Added
Simplex Trading, LLC38,361$586.0K0.02%+38,361New
Financial Services Advisory Inc36,624$559.6K0.27%+36,624New
Susquehanna International Group, LLP32,457$495.9K0.00%−695,230−95.5%Reduced
Bard Financial Services, Inc.31,500$481.3K0.06%+3,500+12.5%Added
Mariner, LLC31,163$476.2K0.00%−17,629−36.1%Reduced
Barclays PLC28,118$429.6K0.00%+17,153+156.4%Added
XTX Topco Ltd27,150$414.9K0.02%+27,150New
Two Sigma Securities, LLC26,409$403.5K0.05%+15,681+146.2%Added
Bramshill Investments, LLC25,000$382.0K0.04%+25,000New
Advisory Services Network, LLC25,235$342.9K0.01%+25,235New
Insigneo Advisory Services, LLC20,186$308.4K0.03%+5,963+41.9%Added
Verity Asset Management, Inc.19,131$292.3K0.14%+5,574+41.1%Added
Scotia Capital Inc.18,882$288.5K0.00%+1,205+6.8%Added
Change Path, LLC17,840$272.6K0.01%−1,500−7.8%Reduced
Atria Wealth Solutions, Inc.17,500$267.4K0.01%00.0%Unchanged
MML Investors Services, LLC15,205$232.0K0.00%+15,205New
Commonwealth Equity Services, LLC13,288$203.0K0.00%−74−0.6%Reduced
CIBC World Markets Inc.12,630$193.0K0.00%+12,630New
Prospera Financial Services Inc12,054$184.2K0.00%+12,054New
SG Americas Securities, LLC12,000$183.0K0.00%+6,400+114.3%Added
Clearstead Advisors, LLC11,000$168.1K0.00%+10,000+1,000.0%Added
Headlands Technologies LLC9,618$147.0K0.02%+5,486+132.8%Added
US Bancorp8,381$128.1K0.00%00.0%Unchanged
Transce3nd, LLC8,159$124.7K0.05%+48+0.6%Added
CWM, LLC6,550$100.0K0.00%+104+1.6%Added
Comerica Bank5,693$87.0K0.00%+3,000+111.4%Added
BNP Paribas Arbitrage, SA4,712$72.0K0.00%−1,632,077−99.7%Reduced
National Bank of Canada4,411$67.3K0.00%+4,400+40,000.0%Added
Ancora Advisors, LLC3,250$49.7K0.00%+3,250New
Royal Bank of Canada2,608$39.0K0.00%−12,272−82.5%Reduced
GWM Advisors LLC1,969$30.1K0.00%−143−6.8%Reduced
Mountain Hill Investment Partners Corp.1,875$28.6K0.02%00.0%Unchanged
CIBC Private Wealth Group, LLC1,500$22.9K0.00%−10−0.7%Reduced
Harbour Investments, Inc.1,339$20.5K0.00%+923+221.9%Added
MAI Capital Management618$9.44K0.00%00.0%Unchanged
Hilltop National Bank500$7.64K0.00%+500New
Parallel Advisors, LLC288$4.40K0.00%−1,712−85.6%Reduced
Steward Partners Investment Advisory, LLC250$3.82K0.00%00.0%Unchanged
Chilton Capital Management LLC208$3.18K0.00%00.0%Unchanged
Cheviot Value Management, LLC240$3.17K0.00%00.0%Unchanged
NBC Securities, Inc.250$3.00K0.00%00.0%Unchanged
Mirae Asset Global Investments Co., Ltd.131$2.00K0.00%+6+4.8%Added
Fortitude Family Office, LLC131$2.00K0.00%+131New
Safe Harbor Fiduciary, LLC125$1.91K0.00%−25−16.7%Reduced
The PNC Financial Services Group, Inc.125$1.91K0.00%00.0%Unchanged
Farther Finance Advisors, LLC100$1.53K0.00%00.0%Unchanged
Colonial Trust Advisors75$1.15K0.00%00.0%Unchanged
Larson Financial Group LLC48$7330.00%00.0%Unchanged
Allworth Financial LP37$5660.00%+25+208.3%Added
Moser Wealth Advisors, LLC37$5650.00%+37New
TD Waterhouse Canada Inc.33$4980.00%−3,089−98.9%Reduced
Jones Financial Companies LLLP18$2980.00%00.0%Unchanged
New England Capital Financial Advisors LLC18$2760.00%00.0%Unchanged
Strategic Wealth Partners, Ltd.18$2750.00%+18New
Tower Research Capital LLC (TRC)14$2140.00%+6+75.0%Added
Assetmark, Inc14$2140.00%+14New
Country Trust Bank12$1830.00%+12New
Raymond James Financial Inc8$1220.00%+8New
Cullen/Frost Bankers, Inc.6$920.00%+6New
Global Retirement Partners, LLC6$920.00%+6New
Sunbelt Securities, Inc.4$670.00%00.0%Unchanged
AdvisorNet Financial, Inc1$150.00%00.0%Unchanged
Avenir Tech Ltd1$150.00%00.0%Unchanged
Jump Financial, LLC0$00.00%−529,720−100.0%Sold out
Flow Traders U.S. LLC0$00.00%−123,602−100.0%Sold out
Virtu Financial LLC0$00.00%−84,416−100.0%Sold out
Cambridge Investment Research Advisors, Inc.0$00.00%−44,907−100.0%Sold out
Captrust Financial Advisors0$00.00%−27,892−100.0%Sold out
Advisor Resource Council0$00.00%−25,767−100.0%Sold out
Security National Bank0$00.00%−16,030−100.0%Sold out
Atomi Financial Group, Inc.0$00.00%−15,316−100.0%Sold out
Quotient Wealth Partners, LLC0$00.00%−13,262−100.0%Sold out
HRT Financial LP0$00.00%−12,927−100.0%Sold out
StoneX Group Inc.0$00.00%−12,606−100.0%Sold out
Marathon Trading Investment Management LLC0$00.00%−11,000−100.0%Sold out
Inscription Capital, LLC0$00.00%−15,000−100.0%Sold out
Quent Capital, LLC0$00.00%−374−100.0%Sold out
Northwestern Mutual Wealth Management Co0$00.00%−314−100.0%Sold out
Financial Management Professionals, Inc.0$00.00%−250−100.0%Sold out
Asset Dedication, LLC0$00.00%−20−100.0%Sold out
Federation des caisses Desjardins du Quebec0$00.00%−4−100.0%Sold out