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, Q4 2025
Institutional positions in United States Natural Gas Fund, LP as of Dec 31, 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
- 97
- +7 vs. Q3 2025
- Shares held
- 4.73M
- −2.55M (−35.0%) vs. Q3 2025
- Total value
- $57.9M
- −$37.3M (−39.2%) vs. Q3 2025
- New holders
- 26
- 25 more added
- Sold out
- 19
- 24 more reduced
2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 91 | $57.8M |
| Q1 2026 | 97 | $67.6M |
| Q4 2025 | 97 | $57.9M |
| Q3 2025 | 92 | $95.8M |
| Q2 2025 | 81 | $68.3M |
| Q1 2025 | 78 | $168.3M |
| Q4 2024 | 87 | $102.4M |
| Q3 2024 | 103 | $132.2M |
| Q2 2024 | 103 | $87.5M |
| Q1 2024 | 100 | $90.9M |
| Q4 2023 | 152 | $115.3M |
| Q3 2023 | 164 | $236.4M |
| Q2 2023 | 167 | $274.9M |
| Q1 2023 | 162 | $331.0M |
| Q4 2022 | 96 | $137.3M |
| Q3 2022 | 90 | $181.8M |
| Q2 2022 | 99 | $133.1M |
| Q1 2022 | 77 | $151.0M |
| Q4 2021 | 79 | $93.1M |
| Q3 2021 | 69 | $151.7M |
| Q2 2021 | 64 | $89.5M |
| Q1 2021 | 70 | $90.4M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding United States Natural Gas Fund, LP; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Morgan Stanley | 658,957 | $8.08M | 0.00% | +379,943+136.2% | Added |
| Arkadios Wealth Advisors | 526,216 | $6.45M | 0.13% | +526,216 | New |
| Jane Street Group, LLC | 435,029 | $5.33M | 0.01% | +139,036+47.0% | Added |
| Goldman Sachs Group Inc | 320,818 | $3.93M | 0.00% | −600,000−65.2% | Reduced |
| Susquehanna International Group, LLP | 278,808 | $3.42M | 0.00% | +278,808 | New |
| Wells Fargo & Company | 240,394 | $2.95M | 0.00% | +21,510+9.8% | Added |
| JPMorgan Chase & Co | 146,535 | $1.80M | 0.00% | −74,085−33.6% | Reduced |
| Kestra Advisory Services, LLC | 141,859 | $1.74M | 0.01% | +62,025+77.7% | Added |
| Daiwa Securities Group Inc. | 132,193 | $1.62M | 0.01% | +10,000+8.2% | Added |
| Simplex Trading, LLC | 130,271 | $1.60M | 0.04% | −44,253−25.4% | Reduced |
| LPL Financial LLC | 127,318 | $1.56M | 0.00% | −37,876−22.9% | Reduced |
| Citigroup Inc | 125,038 | $1.53M | 0.00% | +4,892+4.1% | Added |
| UBS Group AG | 97,402 | $1.19M | 0.00% | −455,945−82.4% | Reduced |
| Cetera Investment Advisers | 92,152 | $1.13M | 0.00% | −45,259−32.9% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 85,573 | $965.3K | 0.00% | −38,120−30.8% | Reduced |
| Clear Creek Financial Management, LLC | 74,450 | $912.8K | 0.07% | +74,450 | New |
| West Chester Capital Advisors, Inc | 60,000 | $735.6K | 0.43% | 00.0% | Unchanged |
| Two Sigma Securities, LLC | 57,643 | $706.7K | 0.10% | +25,926+81.7% | Added |
| Barclays PLC | 53,271 | $653.1K | 0.00% | −6,948−11.5% | Reduced |
| Marex Group plc | 52,482 | $643.4K | 0.01% | +52,482 | New |
| Advisor Group Holdings, Inc. | 50,467 | $618.7K | 0.00% | +3,714+7.9% | Added |
| Advisory Services Network, LLC | 50,148 | $614.8K | 0.01% | +20,714+70.4% | Added |
| Change Path, LLC | 49,540 | $607.4K | 0.01% | −6,600−11.8% | Reduced |
| Coastal Investment Advisors, Inc. | 49,000 | $600.7K | 0.20% | +28,500+139.0% | Added |
| Wakefield Asset Management LLLP | 47,808 | $586.1K | 0.16% | +47,808 | New |
| Mariner, LLC | 43,006 | $539.4K | 0.00% | +17,843+70.9% | Added |
| CIBC World Markets Inc. | 37,455 | $459.2K | 0.00% | −2,150−5.4% | Reduced |
| Group One Trading, L.P. | 37,439 | $459.0K | 0.01% | +8,745+30.5% | Added |
| Bank of Montreal | 35,940 | $440.6K | 0.00% | +25,027+229.3% | Added |
| SG Americas Securities, LLC | 35,310 | $433.0K | 0.00% | +15,610+79.2% | Added |
| PFG Investments, LLC | 30,954 | $379.5K | 0.02% | −23,762−43.4% | Reduced |
| Vanguard Capital Wealth Advisors | 29,500 | $361.7K | 0.29% | −4,000−11.9% | Reduced |
| Verity Asset Management, Inc. | 28,577 | $350.4K | 0.15% | −81−0.3% | Reduced |
| HighTower Advisors, LLC | 26,951 | $330.4K | 0.00% | +10,070+59.7% | Added |
| Scotia Capital Inc. | 26,303 | $322.5K | 0.00% | +5,452+26.1% | Added |
| XTX Topco Ltd | 22,242 | $272.7K | 0.01% | +8,843+66.0% | Added |
| Kingswood Wealth Advisors, LLC | 21,736 | $266.5K | 0.01% | +21,736 | New |
| Atomi Financial Group, Inc. | 20,881 | $256.0K | 0.01% | +7,227+52.9% | Added |
| Commonwealth Equity Services, LLC | 20,192 | $247.6K | 0.00% | +9,191+83.5% | Added |
| Insigneo Advisory Services, LLC | 19,143 | $234.7K | 0.02% | −1,822−8.7% | Reduced |
| Csenge Advisory Group | 19,019 | $233.2K | 0.01% | +19,019 | New |
| Cooper Investors Pty Ltd | 17,714 | $217.2K | 0.07% | +17,714 | New |
| Flow Traders U.S. LLC | 16,263 | $199.0K | 0.01% | −340,654−95.4% | Reduced |
| Caption Management, LLC | 15,000 | $183.9K | 0.01% | +15,000 | New |
| Doliver Advisors, LP | 14,600 | $179.0K | 0.04% | +14,600 | New |
| Evoke Wealth, LLC | 14,100 | $172.9K | 0.00% | +14,100 | New |
| Prospera Financial Services Inc | 13,080 | $160.3K | 0.00% | −294−2.2% | Reduced |
| Sigma Planning Corp | 11,926 | $146.2K | 0.00% | +11,926 | New |
| Global Retirement Partners, LLC | 11,588 | $142.1K | 0.00% | +370+3.3% | Added |
| Per Stirling Capital Management, LLC. | 10,906 | $133.7K | 0.02% | +10,906 | New |
| Sound Income Strategies, LLC | 12,711 | $131.3K | 0.01% | +935+7.9% | Added |
| Clearstead Advisors, LLC | 10,000 | $122.6K | 0.00% | 00.0% | Unchanged |
| BNP Paribas Arbitrage, SA | 7,427 | $91.1K | 0.00% | +122+1.7% | Added |
| Ancora Advisors, LLC | 6,850 | $84.0K | 0.00% | 00.0% | Unchanged |
| Comerica Bank | 5,693 | $69.8K | 0.00% | 00.0% | Unchanged |
| Royal Bank of Canada | 5,346 | $65.0K | 0.00% | −1,900−26.2% | Reduced |
| Flagship Harbor Advisors, LLC | 2,900 | $35.6K | 0.00% | +2,900 | New |
| National Bank of Canada | 2,426 | $29.7K | 0.00% | −8,123−77.0% | Reduced |
| Steward Partners Investment Advisory, LLC | 2,064 | $25.3K | 0.00% | +2,064 | New |
| GWM Advisors LLC | 1,969 | $24.1K | 0.00% | 00.0% | Unchanged |
| International Assets Investment Management, LLC | 1,788 | $21.9K | 0.00% | +1,788 | New |
| Insight Financial Services | 1,775 | $21.8K | 0.01% | +1,775 | New |
| Farther Finance Advisors, LLC | 1,302 | $16.0K | 0.00% | −51,333−97.5% | Reduced |
| Harbour Investments, Inc. | 1,066 | $13.1K | 0.00% | −2−0.2% | Reduced |
| Rockefeller Capital Management L.P. | 685 | $8.40K | 0.00% | 00.0% | Unchanged |
| Cullen/Frost Bankers, Inc. | 675 | $8.28K | 0.00% | +675 | New |
| MAI Capital Management | 618 | $7.58K | 0.00% | 00.0% | Unchanged |
| Hilltop National Bank | 500 | $6.13K | 0.00% | 00.0% | Unchanged |
| Signature Equity Partners, LLC | 464 | $5.69K | 0.00% | +464 | New |
| Turning Point Benefit Group, Inc. | 455 | $5.58K | 0.00% | 00.0% | Unchanged |
| CWM, LLC | 426 | $5.00K | 0.00% | 00.0% | Unchanged |
| Quent Capital, LLC | 374 | $4.58K | 0.00% | 00.0% | Unchanged |
| Parallel Advisors, LLC | 288 | $3.53K | 0.00% | 00.0% | Unchanged |
| Cheviot Value Management, LLC | 240 | $3.49K | 0.00% | 00.0% | Unchanged |
| NBC Securities, Inc. | 250 | $3.06K | 0.00% | 00.0% | Unchanged |
| Chilton Capital Management LLC | 208 | $2.55K | 0.00% | 00.0% | Unchanged |
| Huntington National Bank | – | $2.45K | 0.00% | – | – |
| Safe Harbor Fiduciary, LLC | 125 | $1.53K | 0.00% | +125 | New |
| Mirae Asset Global Investments Co., Ltd. | 123 | $1.51K | 0.00% | −8−6.1% | Reduced |
| Triumph Capital Management | 100 | $1.23K | 0.00% | +100 | New |
| Colonial Trust Advisors | 75 | $920 | 0.00% | 00.0% | Unchanged |
| Larson Financial Group LLC | 73 | $895 | 0.00% | +25+52.1% | Added |
| Bank of America Corp | 51 | $625 | 0.00% | +1+2.0% | Added |
| Umb Bank N A | 50 | $613 | 0.00% | +50 | New |
| Tower Research Capital LLC (TRC) | 48 | $588 | 0.00% | −487−91.0% | Reduced |
| Strategic Wealth Partners, Ltd. | 31 | $380 | 0.00% | +13+72.2% | Added |
| New England Capital Financial Advisors LLC | 18 | $221 | 0.00% | 00.0% | Unchanged |
| Curio Wealth, LLC | 16 | $198 | 0.00% | +16 | New |
| Allworth Financial LP | 12 | $148 | 0.00% | −25−67.6% | Reduced |
| Country Trust Bank | 12 | $147 | 0.00% | 00.0% | Unchanged |
| Camelot Portfolios, LLC | 10 | $123 | 0.00% | +10 | New |
| Assetmark, Inc | 6 | $74 | 0.00% | 00.0% | Unchanged |
| Sunbelt Securities, Inc. | 4 | $49 | 0.00% | 00.0% | Unchanged |
| Avenir Tech Ltd | 1 | $12 | 0.00% | 00.0% | Unchanged |
| Bayban | 1 | $12 | 0.00% | +1 | New |
| Hantz Financial Services, Inc. | 6 | $0 | 0.00% | −4−40.0% | Reduced |
| Bessemer Group Inc | 23 | $0 | 0.00% | +23 | New |
| Corigliano Investment Advisers, LLC | 0 | $0 | 0.00% | −773,075−100.0% | Sold out |
| IMC-Chicago, LLC | 0 | $0 | 0.00% | −610,249−100.0% | Sold out |
| Jump Financial, LLC | 0 | $0 | 0.00% | −565,242−100.0% | Sold out |