Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

United Sts Nat Gas Fd LP (UNG)

98 + 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
↑ +1
Streak
3Q ▲
Buyers last Q
54%

Smart Money Signals — UNG

Based on 99 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added UNG 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.
🔻

Below peak — only 61% of 3.0Y high

61% of all-time peak
Only 99 funds hold UNG today versus a peak of 161 funds at 2023 Q3 — just 61% 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.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+21% 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 — 54% buying

57 buying49 selling
Last quarter: 57 funds bought or added vs 49 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 — ~25 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 20 → 27 → 26 → 25. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 16% medium ■ 25% new
58 out of 99 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.
➡️

Steady discovery — ~25 new funds/quarter

21 → 20 → 27 → 26 → 25 new funds/Q
New funds entering each quarter: 20 → 27 → 26 → 25. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 5% 1-2yr ■ 22% new
Of 108 current holders: 79 (73%) 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 — 83% AUM from top-100 funds

83% from top-100 AUM funds
16 of 99 holders are among the 100 largest funds by AUM, controlling 83% of total institutional value in UNG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.0
out of 10
Low Exit Risk
Exit risk score 2.0/10 — 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 Q1, 57 hedge funds were net buyers of UNG (25 opened a new position, 32 added to an existing one), while 49 reduced or exited (25 trimmed, 24 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 83% of total institutional value in UNG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 99.

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

-- --

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

Is It Too Late to Buy United Sts Nat Gas Fd LP (UNG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much UNG has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
UNG
-3.2%
SPY
+14.1%

UNG outperformed SPY by -17.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
UNG
+0.1%
SPY
+0.3%

Since the filing became public, UNG outperformed SPY by -0.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: UNG
98 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 98 98 -
13F Shares 18M 23M -24.11%
Total Value $205M $288M -28.85%
New Positions 24 26 -2
Increased Positions 28 26 +2
Closed Positions 24 21 +3
Reduced Positions 24 24 -
Total Calls 9 13 -30.77%
Total Puts 5 6 -16.67%
PUT/CALL Ratio 0.56 0.46 Bullish

Statistics: UNG

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

98 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 AmeriServ Wealth Advisors 0.45% 60,000 $704K
2 BlueCrest Capital Management Ltd 0.26% 375,000 $4.4M
3 Realta Investment Advisors 0.23% 56,000 $657K
4 Axiom Investment Management LLC 0.17% 19,500 $229K
5 Chiron Capital Management, LLC 0.16% 13,603 $160K
6 Cooper Investors Pty Ltd 0.16% 34,062 $400K
7 Jump Financial, LLC 0.13% 856,003 $10.0M
8 Two Sigma Securities, LLC 0.03% 18,664 $219K
9 Cornerstone Wealth Management, LLC 0.02% 39,519 $464K
10 Insigneo Advisory Services, LLC 0.02% 21,209 $249K
11 Jefferies Financial Group Inc. 0.02% 200,000 $2.3M
12 Per Stirling Capital Management, LLC. 0.01% 11,297 $133K
13 Marathon Trading Investment Management LLC 0.01% 39,924 $468K
14 Main Street Group, LTD 0.01% 3,570 $42K
15 CreativeOne Wealth, LLC 0.01% 42,665 $500K
16 Marex Group plc 0.01% 23,897 $417K
17 IFS Advisors, LLC 0.01% 1,775 $21K
18 Compound Planning, Inc. 0.01% 25,782 $302K
19 PFG Investments, LLC 0.01% 13,912 $163K
20 IHT Wealth Management, LLC 0.01% 26,625 $312K
21 Kestra Advisory Services, LLC 0.01% 160,830 $1.9M
22 Private Trust Co NA 0.01% 6,000 $70K
23 Kingswood Wealth Advisors, LLC 0.01% 11,005 $129K
24 Susquehanna International Group, LLP 0.01% 4,481,900 $52.6M
25 Rossby Financial, LCC 0.01% 2,500 $29K
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?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added UNG 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 UNG?

Slight buying edge — 54% buying: Last quarter: 57 funds bought or added vs 49 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 UNG holders?

Elite ownership — 83% AUM from top-100 funds: 16 of 99 holders are among the 100 largest funds by AUM, controlling 83% of total institutional value in UNG. 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 UNG?

59% of holders stayed for 2+ years: 58 out of 99 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.

Is it too late to buy United Sts Nat Gas Fd LP (UNG) following the 2026 Q1 hedge fund 13F filings?

As of today, UNG has moved +0.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.3% for the SPY sector ETF — an outperformance of -0.2%. Since the quarter end (March 31, 2026), UNG has gained -3.2% vs +14.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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