Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

United Sts Nat Gas Fd LP (UNG)

91 + Investors. Track Smart Money conviction in UNG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
1Q ▼
Buyers last Q
46%

Smart Money Signals — UNG

Based on 93 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their UNG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 57% of 3.0Y high

57% of all-time peak
Only 93 funds hold UNG today versus a peak of 162 funds at 2023 Q3 — just 57% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+11 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 46% buying

43 buying50 selling
Last quarter: 50 funds reduced or exited vs 43 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 27 → 26 → 25 → 16. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 14% medium ■ 19% new
62 out of 93 hedge funds have held UNG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

21 → 27 → 26 → 25 → 16 new funds/Q
New funds entering each quarter: 27 → 26 → 25 → 16. UNG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 76% veterans vs 19% newcomers

■ 76% veterans ■ 5% 1-2yr ■ 19% new
Entry-cohort mix of 102 holders: 78 (76%) are 2+ year veterans, 5 entered 1–2 years ago, and 19 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
12 of 91 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
1.6
out of 10
Low Exit Risk
Exit risk score 1.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — UNG

In 2026 Q2, 43 hedge funds were net buyers of UNG (16 opened a new position, 27 added to an existing one), while 50 reduced or exited (28 trimmed, 22 sold completely) — a 46% buyer ratio, indicating roughly balanced activity. 39% of total institutional value in UNG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 93.

Hedge Fund Ownership: UNG

How many hedge funds hold UNG — quarterly history vs. share price
Quarterly hedge fund ownership of UNG vs. share price

Market Analysis: UNG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: UNG

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

4 top-rated funds 0 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: UNG
91 + Investors

Track Smart Money conviction in UNG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 91 99 -8.08%
13F Shares 20M 18M 14.69%
Total Value $244M $205M 19.06%
New Positions 16 25 -9
Increased Positions 25 28 -3
Closed Positions 22 25 -3
Reduced Positions 25 24 +1
Total Calls 5 9 -44.44%
Total Puts 6 5 20.0%
PUT/CALL Ratio 1.2 0.56 Neutral

Statistics: UNG

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Institutional Holders (2026 Q2)

91 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in UNG. Verified SEC 13F-HR filings.

QUARTER:
Top 25 UNG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 AmeriServ Wealth Advisors 0.47% 60,000 $703K
2 Realta Investment Advisors 0.19% 53,511 $627K
3 Jump Financial, LLC 0.15% 529,720 $11.4M
4 Clare Market Investments LLC 0.15% 68,100 $798K
5 Chiron Capital Management, LLC 0.14% 13,003 $152K
6 Axiom Investment Management LLC 0.12% 14,800 $173K
7 Quadrature Capital Ltd 0.04% 445,945 $5.2M
8 Centric Wealth Management 0.03% 20,000 $195K
9 Cornerstone Wealth Management, LLC 0.03% 51,219 $600K
10 Jefferies Financial Group Inc. 0.02% 225,000 $2.6M
11 Two Sigma Securities, LLC 0.01% 12,953 $152K
12 Regions Financial Corp 0.01% 180,194 $2.1M
13 CreativeOne Wealth, LLC 0.01% 42,665 $500K
14 Insigneo Advisory Services, LLC 0.01% 24,509 $287K
15 Compound Planning, Inc. 0.01% 33,632 $394K
16 IFS Advisors, LLC 0.01% 1,775 $21K
17 Main Street Group, LTD 0.01% 3,570 $42K
18 Susquehanna International Group, LLP 0.01% 8,014,400 $93.9M
19 PFG Investments, LLC 0.01% 12,987 $152K
20 Private Trust Co NA 0.01% 6,000 $70K
21 IHT Wealth Management, LLC 0.01% 21,325 $250K
22 Sigma Planning Corp 0.00% 15,234 $179K
23 Group One Trading LLC 0.00% 218,171 $2.6M
24 Citadel Advisors LLC 0.00% 2,628,300 $30.8M
25 Daiwa Securities Group Inc. 0.00% 148,393 $1.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — United Sts Nat Gas Fd LP (UNG)

What does the Smart Money Trend signal show for UNG?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their UNG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for UNG?

More sellers than buyers — 46% buying: Last quarter: 50 funds reduced or exited vs 43 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for UNG holders?

Strong quality — 39% AUM from major funds: 12 of 91 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held UNG?

67% of holders stayed for 2+ years: 62 out of 93 hedge funds have held UNG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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