Free · no sign-up · Q2 2026

Which funds own NFG

National Fuel Gas Co in the Q2 2026 filings. At least 1 of the 91 current managers on file reported a position, worth $106m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 1; at least, of 91 current
Combined value: $106m; as reported
Opened: 0; new this quarter
Added to: 1; already held
Trimmed or sold out: 1; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
GAMCO Investors Inc Activist · $11.1bn book	$106m	0.9%	1,370,347	-$23m+1,021	Added

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Squarepoint Ops LLC · Multi-strategy$11m held before

Ownership through time

At least 3 of the 95 managers whose filings are on file listed NFG in Q2 2026, against 3 in Q2 2013. 5 managers fewer than in Q1 2026: 1 started a position; 6 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Holocene Advisors LP$4.2m

Largest increases, by shares

AQR Capital Management LLC1,202,081 to 1,969,955 shares+$59m
Holocene Advisors LPnew: 53,823 shares+$4.2m
GAMCO Investors Inc1,369,326 to 1,370,347 shares+$79k

Largest decreases, by shares

No manager on file sold part of it.

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
AQR Capital Management LLC	Q1 2022	$198m	$152m
GAMCO Investors Inc	Q2 2013	$293m	$106m
Holocene Advisors LP	Q2 2018	$7.2m	$4.2m
Fidelity (FMR LLC)	Q4 2013	$300m	last listed Q3 2014
T. Rowe Price Associates Inc	Q4 2021	$279m	last listed Q1 2026
Soroban Capital Partners LP	Q2 2013	$247m	last listed Q4 2015
Invesco Ltd	Q1 2020	$129m	last listed Q2 2020
Neuberger Berman Group LLC	Q2 2013	$125m	last listed Q1 2016
Renaissance Technologies LLC	Q1 2026	$35m	last listed Q1 2026
Winton Group Ltd	Q2 2014	$25m	last listed Q2 2023
Arrowstreet Capital LP	Q3 2018	$24m	last listed Q1 2022
Millennium Management LLC	Q1 2016	$24m	last listed Q1 2016
Acadian Asset Management LLC	Q2 2018	$22m	last listed Q4 2022

What NFG is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around NFG →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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