NFG
National Fuel Gas Company · Energy · Oil & Gas Integrated
Momentum inputs (comparable managers):
holder breadth +7.7% ·
share flow -4.7% ·
net new positions +7.1%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 130 | +4 | 46.58M | $3.60B | +11 | −6 |
| Q1 2026 | 128 | -3 | 45.66M | $4.29B | +6 | −10 |
| Q4 2025 | 131 | +1 | 54.20M | $4.34B | +3 | −1 |
| Q3 2025 | 19 | -1 | 33.80M | $3.12B | — | −2 |
| Q2 2025 | 18 | +1 | 32.11M | $2.72B | +1 | — |
| Q1 2025 | 14 | +1 | 10.25M | $813.87M | +1 | — |
| Q4 2024 | 13 | 0 | 10.76M | $668.05M | +1 | −1 |
| Q3 2024 | 12 | -1 | 6.19M | $383.29M | — | −1 |
| Q2 2024 | 13 | — | 6.21M | $343.18M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 3.90M | -4.2% | $311.00M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 2 | Geode Capital Management ✦ (passive) | 1.69M | -23.2% | $133.79M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 3 | Geode Capital Management ✦ (passive) | 1.69M | -23.2% | $133.79M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 4 | GAMCO Investors ✦ | 1.50M | +3.3% | $118.46M | 1.3% | ▲ Add | 4 | SEC ↗ |
| 5 | Norges Bank ✦ (passive) | 1.05M | -5.1% | $83.43M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 6 | AQR Capital Management ✦ | 893.87K | +7.2% | $70.79M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 7 | AQR Capital Management ✦ | 893.87K | +7.2% | $70.79M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 8 | AQR Capital Management ✦ | 893.87K | +7.2% | $70.79M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 9 | AQR Capital Management ✦ | 893.87K | +7.2% | $70.79M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 10 | Millennium Management ✦ | 360.89K | +32.6% | $28.58M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 11 | Two Sigma Investments ✦ | 281.28K | +34.2% | $22.27M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 12 | Gotham Asset Management ✦ | 140.12K | -14.8% | $11.10M | 0.1% | ▼ Trim | 4 | SEC ↗ |
| 13 | T. Rowe Price ✦ | 134.93K | +1.8% | $10.69M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 14 | T. Rowe Price ✦ | 134.93K | +1.8% | $10.69M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 15 | Point72 Asset Management ✦ | 134.26K | New | $10.63M | 0.0% | New | 1 | SEC ↗ |
| 16 | Wellington Management ✦ | 78.21K | -45.8% | $6.19M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 17 | Wellington Management ✦ | 78.21K | -45.8% | $6.19M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 18 | Arrowstreet Capital ✦ | 72.51K | +9.4% | $5.74M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 19 | Bridgewater Associates ✦ | 15.14K | +183.7% | $1.20M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 20 | Citadel Advisors ✦ | 2 | -100.0% | $158 | 0.0% | ▼ Trim | 4 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Point72 Asset Management | $10.63M | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 649 holders, 75.24M shares, $6.44B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.