L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 5 listed it in both
Shares listed
8,464,928
combined, among listed positions
Reported value
$678m
combined, at the quarter end

Among the 92 comparable managers: 18 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +1,391,700.

Managers listing NFG in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

30 of 30 holders

ActionFiling
AQR Capital Management LLC1,666,119$133m0.07%Trimmed-472,03417 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,582,782$127munder 0.1%Added+1,372,74217 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc1,445,601$116m1.11%Added+37,0565 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,258,605$101munder 0.1%Added+141,55319 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)803,584$64munder 0.1%Added+660,81917 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC324,600$26munder 0.1%Added+16,13413 Feb 2026 (the filing on sec.gov)
MFS Investment Management296,285$24munder 0.1%Trimmed-7,52722 Jan 2026 (the filing on sec.gov)
Arrowstreet Capital LP169,652$14munder 0.1%Added+141,21513 Feb 2026 (the filing on sec.gov)
Man Group PLC150,964$12munder 0.1%Added+104,81817 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP119,314$9.6munder 0.1%Added+1,05517 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP116,052$9.3munder 0.1%Added+35,54613 Feb 2026 (the filing on sec.gov)
Millennium Management LLC110,706$8.9munder 0.1%Trimmed-90,24917 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC78,232$6.3munder 0.1%Added+10,54827 Oct 2026 (the filing on sec.gov)
Voloridge Investment Management LLC73,045$5.8munder 0.1%Trimmed-160,00717 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC71,183$5.7munder 0.1%Added+28,68513 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd38,134$3.1munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP29,400$2.4munder 0.1%Added+50017 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP24,617$2.0munder 0.1%Trimmed-29,07817 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC21,300$1.7munder 0.1%Trimmed-130,10012 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP17,378$1.4munder 0.1%Trimmed-30,83617 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP14,042$1.1munder 0.1%Trimmed-18,80017 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP12,923$1.0munder 0.1%Added+10,35213 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC8,332$667kunder 0.1%Trimmed-1,48417 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.6,889$552kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC5,905$473kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
3 in Q3 2024 to 3 in Q2 2026

Tracked managers listing it, at least.

0358102014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
NFG by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20133$297mn.a.n.a.
Q3 20133$358mn.a.n.a.
Q4 20134$672mn.a.n.a.
Q1 20145$380mn.a.n.a.
Q2 20144$717mn.a.n.a.
Q3 20144$687mn.a.n.a.
Q4 20143$386mn.a.n.a.
Q1 20153$329mn.a.n.a.
Q2 20153$553mn.a.n.a.
Q3 20155$458mn.a.n.a.
Q4 20154$289mn.a.n.a.
Q1 20163$234mn.a.n.a.
Q2 20162$197mn.a.n.a.
Q3 20163$174mn.a.n.a.
Q4 20162$195mn.a.n.a.
Q1 20172$181mn.a.n.a.
Q2 20175$178mn.a.n.a.
Q3 20174$178mn.a.n.a.
Q4 20173$164mn.a.n.a.
Q1 20184$148mn.a.n.a.
Q2 20186$150mn.a.n.a.
Q3 20184$171mn.a.n.a.
Q4 20185$158mn.a.n.a.
Q1 20195$185mn.a.n.a.
Q2 20198$168mn.a.n.a.
Q3 20196$153mn.a.n.a.
Q4 20195$118mn.a.n.a.
Q1 20206$200mn.a.n.a.
Q2 20208$227mn.a.n.a.
Q3 20202$62mn.a.n.a.
Q4 20201$57mn.a.n.a.
Q1 20212$66mn.a.n.a.
Q2 20212$80mn.a.n.a.
Q3 20212$69mn.a.n.a.
Q4 20215$363mn.a.n.a.
Q1 20226$412mn.a.n.a.
Q2 20229$346mn.a.n.a.
Q3 20229$144mn.a.n.a.
Q4 20226$129mn.a.n.a.
Q1 20239$130mn.a.n.a.
Q2 20237$106mn.a.n.a.
Q3 20234$98mn.a.n.a.
Q4 20233$86m22
Q1 20243$93m30
Q2 20244$134m31
Q3 20243$142m30
Q4 20243$139m21
Q1 20258$247m80
Q2 20257$265m52
Q3 20255$361m23
Q4 20254$259m1816
Q1 20268$582m1617
Q2 20263$262m1117

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

NFG and GEV →NFG and XOM →NFG and CVX →Choose a stock to compare with NFG →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own NFG, latest filings →Back to the 13F Explorer →