VENTURE GLOBAL INC VG
COM CL A · Common Stock · CUSIP 92333F101
- SectorUtilities
- IndustryNatural Gas Distribution
- HeadquartersArlington, VA
- Websiteventuregloballng.com
- FilingsSEC EDGAR
* 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 ($12.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $6.82. Options: 19 managers hold calls ($132.6m notional), 24 hold puts ($115.2m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2025 | 143 |
| Q2 2025 | 172 |
| Q3 2025 | 219 |
| Q4 2025 | 220 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2025 | 108 | 95 |
| Q3 2025 | 155 | 65 |
| Q4 2025 | 151 | 111 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $30.6m | $35.3m | 1.15 |
| Q2 2025 | $95.8m | $172.5m | 1.80 |
| Q3 2025 | $54.9m | $150.4m | 2.74 |
| Q4 2025 | $132.6m | $115.2m | 0.87 |
Biggest buyers
| UBS Group AG | Added | +5.3m |
| STATE STREET CORP | Added | +4.9m |
| LUMINUS MANAGEMENT LLC | Added | +2.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.3m |
| Apollo Management Holdings, L.P. | New | +2.2m |
| Point72 Asset Management, L.P. | Added | +1.9m |
| FMR LLC | Added | +1.7m |
| READYSTATE ASSET MANAGEMENT LP | Added | +1.7m |
| Catalyst Capital Advisors LLC | Added | +995.7k |
| Trexquant Investment LP | Added | +911.1k |
Biggest sellers
| SANDS CAPITAL MANAGEMENT, LLC | Sold out | -7.5m |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Sold out | -2.7m |
| MORGAN STANLEY | Reduced | -2.5m |
| DEUTSCHE BANK AG\ | Sold out | -2.2m |
| WINTON GROUP Ltd | Reduced | -880.5k |
| LPL Financial LLC | Reduced | -856.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -802.8k |
| ROYAL BANK OF CANADA | Reduced | -692.0k |
| VANGUARD GROUP INC | Reduced | -591.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -563.8k |
Biggest calls
| NOMURA HOLDINGS INC | Added | $45.3m6.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $26.5m3.9m shares |
| Centiva Capital, LP | New | $11.8m1.7m shares |
| CITADEL ADVISORS LLC | Added | $10.3m1.5m shares |
| TUDOR INVESTMENT CORP ET AL | Added | $7.8m1.1m shares |
| LUMINUS MANAGEMENT LLC | New | $5.8m850.0k shares |
| GROUP ONE TRADING LLC | Added | $5.5m805.5k shares |
| JANE STREET GROUP, LLC | Reduced | $3.8m558.4k shares |
| IMC-Chicago, LLC | New | $3.5m517.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.8m416.6k shares |
Biggest puts
| BARCLAYS PLC | Added | $16.3m2.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.0m2.2m shares |
| Yaupon Capital Management LP | Reduced | $13.8m2.0m shares |
| Weiss Asset Management LP | Not comparable | $11.0m1.6m shares |
| GROUP ONE TRADING LLC | Added | $10.8m1.6m shares |
| CITADEL ADVISORS LLC | Added | $8.2m1.2m shares |
| CITIGROUP INC | New | $7.1m1.0m shares |
| JANE STREET GROUP, LLC | Added | $6.6m972.6k shares |
| Ripple Effect Asset Management LP | New | $4.3m625.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $4.2m612.4k 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Venture Global Partners II, LLC 13G · exempt (held before listing) new · filed 2025-05-06 | 81.4% |
| PACIFIC INVESTMENT MANAGEMENT CO LLC 13G · exempt (held before listing) -16.5 pts · filed 2026-08-14 | 32.4% |
| D. E. SHAW & CO, L.P. 13G · passive investor new · filed 2026-09-15 | 5.4% |
Fell to 5% or below in the last year: Thayer Jonathan W (4.4%, 2026-08-03), Earl Thomas (4.3%, 2026-08-03), Larson Keith D (4.7%, 2026-08-03)
Insider purchases and sales in Q4 2025
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 3 | $17.7m | 0 | — | — |
| Q2 2025 | 1 | $19.6k | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $26.9m | — |
| Q4 2025 | 0 | — | 3 | $26.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-12-05 | Earl Thomas Chief Commercial Officer | Sold | $6.9m1.0m shares |
| 2025-11-20 | Musser Fory Senior VP, Development | Sold | $334.6k42.9k shares |
| 2025-11-19 | Musser Fory Senior VP, Development | Sold | $1.5m188.3k shares |
| 2025-11-18 | Musser Fory Senior VP, Development | Sold | $6.2m768.8k shares |
| 2025-11-17 | Musser Fory Senior VP, Development | Sold | $6.3m776.3k shares |
| 2025-11-14 | Larson Keith D General Counsel and Secretary | Sold | $2.1m261.1k shares |
| 2025-11-14 | Musser Fory Senior VP, Development | Sold | $1.8m223.7k shares |
| 2025-11-13 | Larson Keith D General Counsel and Secretary | Sold | $1.8m221.6k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Allianz Asset Management GmbH 2.77% of their portfolio | 354.7m $2.4bn | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 22.3m $151.9m | Reduced -591.6k |
| STATE STREET CORP 0.00% of their portfolio | 10.8m $73.7m | Added +4.9m |
| BlackRock, Inc. 0.00% of their portfolio | 8.7m $59.3m | Added +728.1k |
| UBS Group AG 0.01% of their portfolio | 6.3m $42.8m | Added +5.3m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% of their portfolio | 5.4m $36.9m | Added +740.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 5.1m $34.8m | Added +273.3k |
| COHEN & STEERS, INC. 0.06% of their portfolio | 5.0m $33.8m | Added +219.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 4.3m $29.6m | Added +225.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 3.2m $22.2m | Added +2.3m |
| Catalyst Capital Advisors LLC 0.40% of their portfolio | 2.9m $19.6m | Added +995.7k |
| LUMINUS MANAGEMENT LLC 16.99% of their portfolio | 2.7m $18.4m | Added +2.7m |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 2.6m $18.0m | Added +1.9m |
| READYSTATE ASSET MANAGEMENT LP 0.67% of their portfolio | 2.2m $15.1m | Added +1.7m |
| Apollo Management Holdings, L.P. 0.15% of their portfolio | 2.2m $14.7m | New |
| MORGAN STANLEY 0.00% of their portfolio | 1.8m $12.5m | Reduced -2.5m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.8m $12.1m | Added +379.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.7m $11.7m | Added +223.7k |
| FMR LLC 0.00% of their portfolio | 1.7m $11.6m | Added +1.7m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.4m $9.2m | Reduced -104.2k |
| Trexquant Investment LP 0.08% of their portfolio | 1.2m $8.4m | Added +911.1k |
| ARISTEIA CAPITAL, L.L.C. 0.21% of their portfolio | 1.1m $7.5m | Added +463.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.1m $7.5m | Added +839.7k |
| ALPS ADVISORS INC 0.04% of their portfolio | 1.1m $7.3m | Added +129.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $7.1m | Added +125.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.0m $6.8m | Added +95.9k |
| GROUP ONE TRADING LLC 0.17% of their portfolio | 829.4k $5.7m | Added +588.1k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 804.8k $5.5m | Reduced -194.0k |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 745.4k $5.1m | Added +433.0k |
| Prescott Group Capital Management, L.L.C. 0.45% of their portfolio | 710.0k $4.8m | New |
| HRT FINANCIAL LP 0.02% of their portfolio | 687.8k $4.7m | New |
| WESTWOOD HOLDINGS GROUP INC 0.04% of their portfolio | 669.2k $4.6m | Added +197.9k |
| CITIGROUP INC 0.00% of their portfolio | 610.4k $4.2m | Added +542.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 607.0k $4.1m | Reduced -88.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 536.3k $3.7m | Added +506.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 509.5k $3.5m | Reduced -69.8k |
| Jump Financial, LLC 0.04% of their portfolio | 486.1k $3.3m | Added +417.0k |
| MATHER GROUP, LLC. 0.03% of their portfolio | 460.0k $3.1m | Added +16 |
| Verition Fund Management LLC 0.02% of their portfolio | 450.2k $3.1m | Reduced -529.0k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 421.0k $2.9m | Added +416.9k |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 411.2k $2.8m | Reduced -151.6k |
| LPL Financial LLC 0.00% of their portfolio | 402.0k $2.7m | Reduced -856.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 334.8k $2.3m | Added +143.1k |
| Sculptor Capital LP 0.03% of their portfolio | 325.3k $2.2m | Added +125.3k |
| Ausbil Investment Management Ltd 1.24% of their portfolio | 319.7k $2.2m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 306.8k $2.1m | Reduced -563.8k |
| Pacer Advisors, Inc. 0.00% of their portfolio | 263.8k $1.8m | Added +91.5k |
| Quotient Wealth Partners, LLC 0.05% of their portfolio | 258.3k $1.8m | Added +1.7k |
| Aventail Capital Group, LP 0.09% of their portfolio | 219.6k $1.5m | Reduced -46.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 212.6k $1.4m | Reduced -149.8k |
| GABELLI FUNDS LLC 0.01% of their portfolio | 202.0k $1.4m | Reduced -100.0k |
| Aquatic Capital Management LLC 0.04% of their portfolio | 200.1k $1.4m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 186.5k $1.3m | Reduced -80.3k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.01% of their portfolio | 184.9k $1.3m | New |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 184.2k $1.3m | New |
| Advanced Portfolio Management, LLC 3.75% of their portfolio | 180.0k $1.2m | New |
| Arkadios Wealth Advisors 0.02% of their portfolio | 178.5k $1.2m | Added +138.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 171.2k $1.2m | Added +26.3k |
| Cetera Investment Advisers 0.00% of their portfolio | 169.2k $1.2m | Added +29.5k |
| VIKING FUND MANAGEMENT LLC 0.12% of their portfolio | 150.0k $1.0m | Added +10.0k |
| Quinn Opportunity Partners LLC 0.04% of their portfolio | 150.0k $1.0m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 140.9k $960.6k | New |
| GF FUND MANAGEMENT CO. LTD. 0.02% of their portfolio | 139.4k $950.8k | Added +119.8k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 139.4k $950.0k | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.04% of their portfolio | 128.0k $873.1k | Reduced -100.1k |
| Prospera Financial Services Inc 0.01% of their portfolio | 126.0k $859.0k | Added +75.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 123.0k $839.0k | Added +5.1k |
| SG Americas Securities, LLC 0.00% of their portfolio | 122.8k $838.0k | Added +109.6k |
| Vident Advisory, LLC 0.01% of their portfolio | 121.6k $829.2k | Added +62.0k |
| Militia Capital Partners, LP 0.15% of their portfolio | 117.6k $802.0k | Reduced -138.5k |
| Ascentis Wealth Management, LLC 0.18% of their portfolio | 113.1k $771.6k | Added +31.5k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 109.1k $744.2k | Added +42.0k |
| Kingstone Capital Partners Texas, LLC 0.41% of their portfolio | 102.8k $701.0k | Added +3.4k |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 101.9k $694.7k | Added +100.2k |
| RAFFLES ASSOCIATES LP 0.51% of their portfolio | 100.0k $682.0k | New |
| Bruce & Co., Inc. 0.21% of their portfolio | 100.0k $682.0k | Unchanged |
| FOREFRONT WEALTH MANAGEMENT INC. 0.47% of their portfolio | 96.8k $660.0k | Reduced -21.6k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 95.3k $649.8k | Added +30.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 93.6k $638.5k | Added +1.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 88.5k $208.3k | New |
| XTX Topco Ltd 0.01% of their portfolio | 82.1k $560.1k | New |
| WINTON GROUP Ltd 0.02% of their portfolio | 80.2k $546.6k | Reduced -880.5k |
| Alpine Global Management, LLC 0.12% of their portfolio | 77.8k $530.9k | New |
| Legacy Advisors, LLC 0.06% of their portfolio | 77.3k $527.0k | Added +188 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 76.4k $522.0k | Reduced -692.0k |
| Caption Management, LLC 0.02% of their portfolio | 72.8k $496.5k | Reduced -9.5k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 72.4k $493.7k | Added +35.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 71.9k $490.3k | Added +23.3k |
| Renaissance Capital LLC 0.35% of their portfolio | 70.5k $481.0k | Reduced -48.3k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 0.05% of their portfolio | 70.5k $480.6k | Reduced -36.1k |
| SBI Securities Co., Ltd. 0.01% of their portfolio | 70.2k $478.8k | Added +58.8k |
| PRAXIS INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 66.6k $454.0k | Added +40.5k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 62.2k $424.3k | Reduced -542.6k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 59.0k $402.0k | Added +13.0k |
| Redhawk Wealth Advisors, Inc. 0.04% of their portfolio | 55.0k $375.3k | Added +29.7k |
| Virtu Financial LLC 0.01% of their portfolio | 47.9k $327.0k | Added +37.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.00% of their portfolio | 47.2k $322.1k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 45.0k $306.7k | Reduced -46.9k |
| Bridgefront Capital, LLC 0.08% of their portfolio | 44.6k $304.4k | New |
| Atlas Brown,Inc. 0.09% of their portfolio | 43.0k $293.3k | Added +32.0k |