Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NATIONAL FUEL GAS CO (NFG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
7Q ▲
Buyers last Q
51%

Smart Money Signals — NFG

Based on 580 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added NFG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
580 hedge funds hold NFG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +25% more funds vs a year ago

fund count last 6Q
+116 new funds entered over the past year (+25% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 51% buying

295 buying284 selling
Last quarter: 295 funds bought or added vs 284 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~88 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 133 → 67 → 85 → 88. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 22% medium ■ 18% new
347 out of 580 hedge funds have held NFG 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.
💎

Buying through price weakness — shares +9%, value -8%

Value
-8%
Shares
+8%
Last quarter: funds added +9% more shares while total portfolio value only changed -8%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~88 new funds/quarter

65 → 133 → 67 → 85 → 88 new funds/Q
New funds entering each quarter: 133 → 67 → 85 → 88. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 8% 1-2yr ■ 25% new
Of 590 current holders: 395 (67%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
41 of 580 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in NFG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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.

Hedge Fund Ownership: NFG

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

Market Analysis: NFG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NFG

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

67 top-rated funds 3 high-conviction
Consensus
8.0
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: NFG
2026 Q1 Stats Unlock in 21 days 590 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 590 585 0.85%
13F Shares 74M 68M 8.56%
Total Value $5.80B $6.33B -8.31%
New Positions 89 85 +4
Increased Positions 216 225 -9
Closed Positions 85 56 +29
Reduced Positions 219 191 +28
Total Calls 8 7 14.29%
Total Puts 5 4 25.0%
PUT/CALL Ratio 0.62 0.57 Bullish

Statistics: NFG

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
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Return on Assets (ttm) --
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Institutional Holders (2026 Q1)

590 + investors

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

Top 25 institutional holders of NFG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 EDMP, INC. 2.55% 33,507 $3.1M
2 Andrew Hill Investment Advisors, Inc. 1.88% 22,438 $2.1M
3 DELPHI MANAGEMENT INC /MA/ 1.78% 15,866 $1K
4 Cardinal Capital Management 1.23% 101,277 $9.6M
5 J.M. Arbour, LLC 0.79% 8,765 $824K
6 KWMG, LLC 0.76% 97,232 $9.1M
7 CPC Advisors, LLC 0.68% 44,600 $4.2M
8 FORTEM FINANCIAL GROUP, LLC 0.68% 28,736 $2.7M
9 Old Port Advisors 0.67% 31,127 $2.9M
10 Aull & Monroe Investment Management Corp 0.66% 15,233 $1.4M
11 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.64% 679,680 $63.9M
12 Burford Brothers, Inc. 0.48% 12,495 $1.2M
13 Oxbow Advisors, LLC 0.48% 59,954 $5.6M
14 Sage Capital Advisors,llc 0.44% 20,219 $1.9M
15 FOSTER & MOTLEY INC 0.39% 79,631 $7K
16 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 0.35% 50,974 $4.8M
17 CULLEN INVESTMENT GROUP, LTD. 0.33% 26,248 $2.5M
18 Kendall Capital Management 0.31% 16,138 $1.5M
19 Emergent Wealth Advisors, LLC 0.31% 5,580 $524K
20 Phoenix Wealth Advisors 0.31% 8,324 $782K
21 MBA Advisors LLC 0.30% 8,438 $793K
22 MILESTONE ASSET MANAGEMENT, LLC 0.26% 15,175 $1.4M
23 Radnor Capital Management, LLC 0.26% 18,432 $1.7M
24 A. D. Beadell Investment Counsel, Inc. 0.25% 4,235 —
25 HENNESSY ADVISORS INC 0.25% 73,424 $6.9M
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 — NATIONAL FUEL GAS CO (NFG)

What does the Smart Money Trend signal show for NFG?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added NFG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NFG?

Slight buying edge — 51% buying: Last quarter: 295 funds bought or added vs 284 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NFG holders?

Elite ownership — 47% AUM from top-100 funds: 41 of 580 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in NFG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NFG?

60% of holders stayed for 2+ years: 347 out of 580 hedge funds have held NFG 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.