Belvedere Trading LLC UNL — UNITED STS 12 MONTH NAT GAS

Ownership history in Belvedere Trading LLC  ·  9 quarters on record

AI Ownership Summary

Belvedere Trading LLC reported UNITED STS 12 MONTH NAT GAS (UNL) in 9 quarterly 13F filings from 2025 Q1 through 2026 Q1. The latest visible filing shows UNL at 0.00% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this UNL ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Belvedere Trading LLC's position in UNITED STS 12 MONTH NAT GAS, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

UNL was reported at 0.00% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.0% in 2025 Q2

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2025 Q1 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

UNL stock page Belvedere Trading LLC fund profile Belvedere Trading LLC full holdings
How Belvedere Trading LLC held UNL — position size vs. price
% of Fund (quarterly)    UNL price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 REDUCED — — — 5,000 -10,071 -66.8% 0.00% $34K 2026-05-12 $6.47
2026 Q1 ADDED — — — 15,071 +9,071 +151.2% 0.00% $104K 2026-05-12 $6.47
2025 Q4 REDUCED 32.6% -6.5% ✅ 6,000 -2,900 -32.6% 0.00% $44K 2026-02-10 $7.15
2025 Q4 REDUCED 76.4% -6.5% ✅ 8,900 -28,743 -76.4% 0.00% $66K 2026-02-10 $7.15
2025 Q4 ADDED — — — 37,643 +36,643 +3664.3% 0.00% $278K 2026-02-10 $7.15
2025 Q2 REDUCED 99.2% -10.9% ✅ 1,000 -116,900 -99.2% 0.00% $9K 2025-08-01 $8.12
2025 Q2 ADDED — — — 117,900 +115,900 +5795.0% 0.00% $1.0M 2025-08-01 $8.12
2025 Q1 REDUCED 92.7% -15.0% ✅ 2,000 -25,373 -92.7% 0.00% $20K 2025-05-09 $9.65
2025 Q1 INITIATED — — — 27,373 — — 0.00% $281K 2025-05-09 $9.65

🏢 Other funds also holding UNL

As of 2026 Q1 — sorted by position size

FLOW TRADERS U.S. LLC 3Y 7Y 0.0% Marex Group plc 0.0% Vermillion Wealth Management, Inc. 0.0% Boston Partners 3Y 7Y 0.0% FNY Investment Advisers, LLC 3Y 7Y 0.0% Western Pacific Wealth Management, LP 3Y 0.0% HRT FINANCIAL LP 3Y 7Y 0.0% GROUP ONE TRADING LLC 3Y 7Y 0.0% CITADEL ADVISORS LLC 3Y 7Y 0.0% JANE STREET GROUP, LLC 3Y 7Y 0.0%

FAQ About Belvedere Trading LLC and UNL

These are the practical questions this page is built to answer before you even open the full history table.

How long has Belvedere Trading LLC reported owning UNL?

Belvedere Trading LLC reported UNL across 9 quarterly 13F filings, from 2025 Q1 through 2026 Q1.

What was the largest reported UNL position in Belvedere Trading LLC's portfolio?

The largest reported portfolio weight for UNL was 0.00% in 2025 Q2.

What is the latest reported UNL position on this page?

The most recent filing on this page is 2026 Q1, when Belvedere Trading LLC reported 5,000 shares, equal to 0.00% of portfolio, with an estimated market value of $34K.

What does the chart on this UNL ownership page compare?

The chart compares Belvedere Trading LLC's quarterly UNL portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Belvedere Trading LLC time their UNL position?

Based on 13F filing dates vs. subsequent UNL price moves, Belvedere Trading LLC correctly timed 4 out of 8 reported position changes (50%). The annualised alpha on UNL relative to SPY over the holding period was -49.1%.

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