US Natural Gas Fund LPUNGETF

13F holders, Q4 2025 (December 31)
96holders +5
23new positions
19sold out
$12.24avg. 13F price*

At the end of Q4 2025, 96 institutions reported holding US Natural Gas Fund LP (UNG) in their 13F filings, up 5 from Q3 2025. 23 opened new positions and 19 sold out. The largest holders were Morgan Stanley ($8.1M), Arkadios Wealth Advisors ($6.5M) and Jane Street Group, LLC ($5.3M).

Company
US Natural Gas Fund LP
Filed as
UNITED STS NAT GAS FD LP (Q4 2025)
CUSIP
912318409
Latest filing quarter
Q2 2026

History

Number of 13F holders

050100150 Q1 2024: 97Q1 2024Q2 2024: 102Q2 2024Q3 2024: 103Q3 2024Q4 2024: 86Q4 2024Q1 2025: 78Q1 2025Q2 2025: 81Q2 2025Q3 2025: 91Q3 2025Q4 2025: 96Q4 2025Q1 2026: 96Q1 2026Q2 2026: 90Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions23$13.7M
Exits19$35.7M

All 13F filers, Q3 2025 → Q4 2025: 1,919,900 shares bought and 4,471,759 shares sold, net −2,551,859 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 96 holders

Morgan Stanley 0.00% Add +136.2% 658,957 $8.1M
Arkadios Wealth Advisors 0.13% New 526,216 $6.5M
Jane Street Group, LLC 0.01% Add +47.0% 435,029 $5.3M
Goldman Sachs Group Inc. 0.00% Reduce -65.2% 320,818 $3.9M
Susquehanna International Group, LLP 0.00% New 278,808 $3.4M
Wells Fargo & Company 0.00% Add +9.8% 240,394 $2.9M
JPMorgan Chase & Co. 0.00% Reduce -33.6% 146,535 $1.8M
Kestra Advisory Services, LLC 0.01% Add +77.7% 141,859 $1.7M
Daiwa Securities Group Inc. 0.01% Add +8.2% 132,193 $1.6M
Simplex Trading, LLC 0.04% Reduce -25.4% 130,271 $1.6M
LPL Financial LLC 0.00% Reduce -22.9% 127,318 $1.6M
Citigroup Inc. 0.00% Add +4.1% 125,038 $1.5M
UBS Group AG 0.00% Reduce -82.4% 97,402 $1.2M
Cetera Investment Advisers 0.00% Reduce -32.9% 92,152 $1.1M
Wealth Enhancement Advisory Services, LLC 0.00% Reduce -30.8% 85,573 $965K
Clear Creek Financial Management, LLC 0.07% New 74,450 $913K
AmeriServ Wealth Advisors 0.43% No change 60,000 $736K
Two Sigma Securities, LLC 0.10% Add +81.7% 57,643 $707K
Barclays PLC 0.00% Reduce -11.5% 53,271 $653K
Marex Group Ltd 0.01% New 52,482 $643K
Osaic Holdings, Inc. 0.00% Add +7.9% 50,467 $619K
Advisory Services Network, LLC 0.01% Add +70.4% 50,148 $615K
CreativeOne Wealth, LLC 0.01% Reduce -11.8% 49,540 $607K
Realta Investment Advisors 0.20% Add +139.0% 49,000 $601K
Wakefield Asset Management LLLP 0.16% New 47,808 $586K
Mariner, LLC 0.00% Add +70.9% 43,006 $539K
Cibc World Market Inc. 0.00% Reduce -5.4% 37,455 $459K
Group One Trading LLC 0.01% Add +30.5% 37,439 $459K
Bank of Montreal 0.00% Add +229.3% 35,940 $441K
SG Americas Securities, LLC 0.00% Add +79.2% 35,310 $433K
PFG Investments, LLC 0.02% Reduce -43.4% 30,954 $379K
Vanguard Capital Wealth Advisors 0.29% Reduce -11.9% 29,500 $362K
Verity Asset Management, Inc. 0.15% Reduce -0.3% 28,577 $350K
HighTower Advisors, LLC 0.00% Add +59.6% 26,951 $330K
Scotia Capital Inc. 0.00% Add +26.1% 26,303 $322K
XTX Topco Ltd 0.01% Add +66.0% 22,242 $273K
Kingswood Wealth Advisors, LLC 0.01% New 21,736 $266K
Compound Planning, Inc. 0.01% Add +52.9% 20,881 $256K
Commonwealth Equity Services, LLC 0.00% Add +83.5% 20,192 $248K
Insigneo Advisory Services, LLC 0.02% Reduce -8.7% 19,143 $235K
Csenge Advisory Group 0.01% New 19,019 $233K
Cooper Investors PTY Ltd. 0.07% New 17,714 $217K
Flow Traders U.S. LLC 0.01% Reduce -95.4% 16,263 $199K
Caption Management, LLC 0.01% New 15,000 $184K
Doliver Advisors, LP 0.04% New 14,600 $179K
Evoke Wealth, LLC 0.00% New 14,100 $173K
Prospera Financial Services Inc 0.00% Reduce -2.2% 13,080 $160K
Sigma Planning Corp 0.00% New 11,926 $146K
Global Retirement Partners, LLC 0.00% Add +3.3% 11,588 $142K
Per Stirling Capital Management, LLC. 0.01% New 10,906 $134K
Sound Income Strategies, LLC 0.01% Add +7.9% 12,711 $131K
Clearstead Advisors, LLC 0.00% No change 10,000 $123K
BNP Paribas Financial Markets 0.00% Add +1.7% 7,427 $91K
Ancora Advisors LLC 0.00% No change 6,850 $84K
Comerica Bank 0.00% No change 5,693 $70K
Royal Bank of Canada 0.00% Reduce -26.2% 5,346 $65K
Flagship Harbor Advisors, LLC 0.00% New 2,900 $36K
National Bank of Canada 0.00% Reduce -77.0% 2,426 $30K
Steward Partners Investment Advisory, LLC 0.00% New 2,064 $25K
NewEdge Advisors, LLC 0.00% No change 1,969 $24K
International Assets Investment Management, LLC 0.00% New 1,788 $22K
IFS Advisors, LLC 0.01% New 1,775 $22K
Farther Finance Advisors, LLC 0.00% Reduce -97.5% 1,302 $16K
Harbour Investments, Inc. 0.00% Reduce -0.2% 1,066 $13K
Rockefeller Capital Management L.P. 0.00% No change 685 $8K
Cullen/Frost Bankers, Inc. 0.00% New 675 $8K
MAI Capital Management 0.00% No change 618 $8K
Hilltop National Bank 0.00% No change 500 $6K
Signature Equity Partners, LLC 0.00% — 464 $6K
Turning Point Benefit Group, Inc. 0.00% No change 455 $6K
Cwm, LLC 0.00% No change 426 $5K
Quent Capital, LLC 0.00% No change 374 $5K
Parallel Advisors, LLC 0.00% No change 288 $4K
Cheviot Value Management, LLC 0.00% No change 240 $3K
Lanark Financial, Inc. 0.00% No change 250 $3K
Chilton Capital Management LLC 0.00% No change 208 $3K
Safe Harbor Fiduciary, LLC 0.00% — 125 $2K
Mirae Asset Global Investments Co., Ltd. 0.00% Reduce -6.1% 123 $2K
Triumph Capital Management 0.00% New 100 $1K
Colonial Trust Advisors 0.00% No change 75 $920
Larson Financial Group LLC 0.00% Add +52.1% 73 $895
Bank of America Corp. 0.00% Add +2.0% 51 $625
UMB Bank, n.a. 0.00% New 50 $613
Tower Research Capital LLC (TRC) 0.00% Reduce -91.0% 48 $588
Strategic Wealth Partners, Ltd. 0.00% Add +72.2% 31 $380
New England Capital Financial Advisors LLC 0.00% No change 18 $221
Curio Wealth, LLC 0.00% New 16 $198
Allworth Financial LP 0.00% Reduce -67.6% 12 $148
Country Trust Bank 0.00% No change 12 $147
Camelot Portfolios, LLC 0.00% New 10 $123
Assetmark, Inc. 0.00% No change 6 $74
Sunbelt Securities, Inc. 0.00% No change 4 $49
Avenir Tech Ltd 0.00% No change 1 $12
Bayban 0.00% — 1 $12
Bessemer Group Inc. 0.00% New 23 $0
Hantz Financial Services, Inc. 0.00% Reduce -40.0% 6 $0

"% of holder's portfolio" is UNG's weight in each manager's 13F, not the share of US Natural Gas Fund LP the manager owns.