UNITED STS NAT GAS FD LP UNG
UNIT PAR · ETP · CUSIP 912318409
- SectorFinancials
- IndustryCommodity Contracts Brokers & Dealers
- HeadquartersWalnut Creek, CA
- FilingsSEC EDGAR
103
institutional holders
+4 vs Q1 2024
5.4m
shares reported held*
$91.8mreported value*
27 new
19 added
28 reduced
22 sold out
net sold ≈ $29.6m (-1.7m shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($349 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.15. Options: 15 managers hold calls ($174.2m notional), 12 hold puts ($152.2m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2022 | 1 |
| Q1 2023 | 0 |
| Q2 2023 | 0 |
| Q3 2023 | 0 |
| Q4 2023 | 10 |
| Q1 2024 | 99 |
| Q2 2024 | 103 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 0 | 1 |
| Q1 2024 | 92 | 4 |
| Q2 2024 | 46 | 50 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $0 | $0 | — |
| Q4 2023 | $0 | $0 | — |
| Q1 2024 | $118.4m | $96.2m | 0.81 |
| Q2 2024 | $174.2m | $152.2m | 0.87 |
Biggest buyers
| LONESTAR CAPITAL MANAGEMENT LLC | New | +500.0k |
| GOLDMAN SACHS GROUP INC | New | +250.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | New | +231.4k |
| Marathon Trading Investment Management LLC | Added | +106.4k |
| Jade Capital Advisors, LLC | New | +80.0k |
| UBS Group AG | Added | +74.7k |
| TCTC Holdings, LLC | New | +60.0k |
| Mariner, LLC | New | +52.2k |
| SOUTHPORT MANAGEMENT, L.L.C. | New | +45.0k |
| BARCLAYS PLC | Added | +42.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -817.6k |
| FLOW TRADERS U.S. LLC | Reduced | -494.3k |
| IMC-Chicago, LLC | Reduced | -330.0k |
| JANE STREET GROUP, LLC | Reduced | -242.2k |
| SHAH CAPITAL MANAGEMENT | Sold out | -214.4k |
| BBJS FINANCIAL ADVISORS, LLC | Reduced | -205.4k |
| JPMORGAN CHASE & CO | Reduced | -161.6k |
| Man Group plc | Sold out | -152.0k |
| GROUP ONE TRADING LLC | Reduced | -115.4k |
| SIMPLEX TRADING, LLC | Reduced | -97.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $71.1m4.1m shares |
| BARCLAYS PLC | New | $27.9m1.6m shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $18.7m10.8k shares |
| IMC-Chicago, LLC | Reduced | $15.7m898.4k shares |
| CITADEL ADVISORS LLC | Added | $12.8m735.4k shares |
| JANE STREET GROUP, LLC | Reduced | $9.9m567.8k shares |
| GROUP ONE TRADING LLC | Reduced | $7.4m422.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.4m310.1k shares |
| ARDSLEY ADVISORY PARTNERS LP | New | $1.7m100.0k shares |
| UBS Group AG | New | $1.7m100.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $90.9m5.2m shares |
| GOLDMAN SACHS GROUP INC | New | $28.8m1.6m shares |
| IMC-Chicago, LLC | Reduced | $10.6m609.1k shares |
| CITADEL ADVISORS LLC | Reduced | $6.1m349.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.3m306.1k shares |
| JANE STREET GROUP, LLC | Reduced | $4.8m274.9k shares |
| GROUP ONE TRADING LLC | Added | $4.3m249.5k shares |
| GTS SECURITIES LLC | Reduced | $1.2m70.6k shares |
| BANK OF MONTREAL /CAN/ | Unchanged | $110.4k5.8k shares |
| HAP Trading, LLC | New | $105.0k22.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| JANE STREET GROUP, LLC 0.01% of their portfolio | 550.2k $9.6m | Reduced -242.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 503.5k $8.8m | Reduced -161.6k |
| LONESTAR CAPITAL MANAGEMENT LLC 9.70% of their portfolio | 500.0k $8.7m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 437.3k $7.6m | Reduced -37.9k |
| UBS Group AG 0.00% of their portfolio | 255.4k $4.5m | Added +74.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 250.0k $4.4m | New |
| LPL Financial LLC 0.00% of their portfolio | 248.2k $4.3m | Reduced -2.3k |
| MORGAN STANLEY 0.00% of their portfolio | 237.9k $4.1m | Reduced -817.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 231.4k $4.0m | New |
| Marathon Trading Investment Management LLC 0.82% of their portfolio | 176.2k $3.1m | Added +106.4k |
| CITIGROUP INC 0.00% of their portfolio | 133.1k $2.3m | Reduced -43.3k |
| GROUP ONE TRADING LLC 0.07% of their portfolio | 127.8k $2.2m | Reduced -115.4k |
| BARCLAYS PLC 0.00% of their portfolio | 118.5k $2.1m | Added +42.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 117.8k $2.1m | Added +14.1k |
| Ellsworth Advisors, LLC 0.49% of their portfolio | 101.0k $1.8m | Unchanged |
| Jade Capital Advisors, LLC 0.00% of their portfolio | 80.0k $0 | New |
| LMR Partners LLP 0.03% of their portfolio | 77.5k $1.4m | Unchanged |
| Daiwa Securities Group Inc. 0.01% of their portfolio | 75.5k $1.3m | Reduced -26.1k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 68.3k $1.2m | Added +3.4k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 64.1k $1.2m | Added +1.4k |
| IMC-Chicago, LLC 0.03% of their portfolio | 60.8k $1.1m | Reduced -330.0k |
| TCTC Holdings, LLC 0.04% of their portfolio | 60.0k $1.0m | New |
| Advisory Services Network, LLC 0.02% of their portfolio | 58.4k $1.0m | Reduced -6.1k |
| Pathstone Holdings, LLC 0.00% of their portfolio | 56.9k $992.5k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 52.2k $926.6k | New |
| SOUTHPORT MANAGEMENT, L.L.C. 3.51% of their portfolio | 45.0k $784.4k | New |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 43.4k $756.0k | Reduced -97.2k |
| GTS SECURITIES LLC 0.02% of their portfolio | 42.0k $732.6k | Added +1.8k |
| FLOW TRADERS U.S. LLC 0.03% of their portfolio | 36.3k $633.0k | Reduced -494.3k |
| Tower Research Capital LLC (TRC) 0.01% of their portfolio | 34.7k $604.5k | Added +33.5k |
| LaSalle St. Investment Advisors, LLC 0.27% of their portfolio | 31.5k $550.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 27.4k $479.0k | Added +3.7k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 26.5k $438.3k | Reduced -8.4k |
| INSIGNEO ADVISORY SERVICES, LLC 0.03% of their portfolio | 23.9k $309.6k | New |
| Marex Group Ltd 0.01% of their portfolio | 23.9k $416.5k | Reduced -11.6k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 22.1k $385.0k | Added +5.4k |
| Fortis Group Advisors, LLC 0.08% of their portfolio | 22.0k $383.1k | Reduced -408 |
| Creative Planning 0.00% of their portfolio | 21.7k $378.8k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 21.3k $371.0k | Added +242 |
| Vantage Financial Partners, LLC 0.09% of their portfolio | 20.0k $348.6k | Unchanged |
| Sweet Financial Partners, LLC 0.07% of their portfolio | 17.8k $310.3k | Reduced -6.2k |
| AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio | 17.7k $308.2k | Added +1.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 17.7k $308.2k | Added +2.3k |
| DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio | 16.4k $286.3k | Unchanged |
| MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio | 16.2k $281.9k | Added +125 |
| Inscription Capital, LLC 0.04% of their portfolio | 15.0k $261.4k | Unchanged |
| Prospera Financial Services Inc 0.01% of their portfolio | 14.2k $247.3k | Added +9 |
| Capital Square, LLC 0.14% of their portfolio | 14.2k $212.8k | Reduced -2.4k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 13.7k $238.6k | Unchanged |
| RWA WEALTH PARTNERS, LLC 0.00% of their portfolio | 12.0k $209.2k | New |
| Clearstead Advisors, LLC 0.00% of their portfolio | 11.8k $206.2k | Added +10.0k |
| Quadcap Wealth Management, LLC 0.04% of their portfolio | 11.4k $198.1k | Reduced -3.8k |
| SCOTIA CAPITAL INC. 0.00% of their portfolio | 11.3k $196.7k | New |
| J.W. COLE ADVISORS, INC. 0.01% of their portfolio | 10.5k $183.5k | New |
| IHT Wealth Management, LLC 0.01% of their portfolio | 10.1k $175.6k | New |
| Private Wealth Partners, LLC 0.01% of their portfolio | 10.0k $174.3k | Reduced -1.0k |
| Texas Capital Bank Wealth Management Services Inc 0.02% of their portfolio | 10.0k $174.3k | Reduced -90.0k |
| US BANCORP \DE\ 0.00% of their portfolio | 8.4k $146.1k | Unchanged |
| Register Financial Advisors LLC 0.06% of their portfolio | 6.4k $112.0k | Unchanged |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 5.4k $89.3k | Reduced -1.2k |
| COMERICA BANK 0.00% of their portfolio | 3.6k $62.4k | New |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 2.9k $50.0k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 2.1k $36.8k | Unchanged |
| BBJS FINANCIAL ADVISORS, LLC 0.01% of their portfolio | 1.9k $33.4k | Reduced -205.4k |
| Private Advisor Group, LLC 0.00% of their portfolio | 1.7k $29.8k | New |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 1.0k $15.9k | Unchanged |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.0k $16.9k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 759 $13.2k | Added +709 |
| Creekmur Asset Management LLC 0.00% of their portfolio | 668 $11.6k | Reduced -3.7k |
| ORG Partners LLC 0.00% of their portfolio | 625 $10.4k | New |
| CWM, LLC 0.00% of their portfolio | 500 $9.0k | New |
| Hilltop National Bank 0.00% of their portfolio | 500 $8.7k | New |
| IFP Advisors, Inc 0.00% of their portfolio | 375 $6.5k | Unchanged |
| Quent Capital, LLC 0.00% of their portfolio | 374 $6.5k | Unchanged |
| Financial Gravity Asset Management, Inc. 0.00% of their portfolio | 342 $6.0k | Reduced -1.5k |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 257 $4.0k | Unchanged |
| Financial Management Professionals, Inc. 0.00% of their portfolio | 250 $4.0k | Reduced -180 |
| CHILTON CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 208 $3.6k | Unchanged |
| NFSG Corp 0.00% of their portfolio | 150 $2.6k | Reduced -937 |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 140 $2.5k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 125 $2.2k | Unchanged |
| Gradient Investments LLC 0.00% of their portfolio | 97 $1.7k | Added +75 |
| Independence Bank of Kentucky 0.00% of their portfolio | 85 $1.5k | New |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 83 $1.4k | Added +50 |
| Avior Wealth Management, LLC 0.00% of their portfolio | 81 $1.4k | Unchanged |
| Colonial Trust Advisors 0.00% of their portfolio | 75 $1.3k | Unchanged |
| Camelot Portfolios, LLC 0.00% of their portfolio | 52 $905 | New |
| Larson Financial Group LLC 0.00% of their portfolio | 48 $837 | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 25 $414 | Reduced -25 |
| TORONTO DOMINION BANK 0.00% of their portfolio | 20 $349 | Unchanged |
| Asset Dedication, LLC 0.00% of their portfolio | 20 $349 | New |
| Continuum Advisory, LLC 0.00% of their portfolio | 18 $314 | Unchanged |
| New England Capital Financial Advisors LLC 0.00% of their portfolio | 18 $314 | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 12 $209 | New |
| FOSTER DYKEMA CABOT & PARTNERS, LLC 0.00% of their portfolio | 8 $139 | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 6 $105 | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 5 $88 | Unchanged |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 4 $70 | Reduced -2 |
| Partnership Wealth Management, LLC 0.00% of their portfolio | 4 $70 | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 4 $70 | Unchanged |