Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NFG held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 9.2M | $860.3M | +3.7% | 9.636% | 0.02% |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.8M | $735.1M | β | 8.233% | 0.04% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 4.2M | $399.0M | β | 4.469% | 0.01% |
| 4 | STATE STREET CORP | 3.9M | $365.7M | -2.0% | 4.073% | 0.01% |
| 5 | Energy Income Partners, LLC | 2.6M | $243.3M | +1.1% | 2.725% | 3.92% |
| 6 | GABELLI FUNDS LLC | 2.3M | $219.1M | -1.0% | 2.454% | 1.48% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 1.9M | $182.7M | +7.0% | 2.045% | 0.01% |
| 8 | GAMCO INVESTORS, INC. ET AL | 1.4M | $128.7M | -5.3% | 1.441% | 1.27% |
| 9 | MORGAN STANLEY | 1.2M | $116.3M | +3.7% | 1.303% | 0.01% |
| 10 | VICTORY CAPITAL MANAGEMENT INC | 1.2M | $115.0M | -2.9% | 1.288% | 0.07% |
| 11 | AQR CAPITAL MANAGEMENT LLC | 1.2M | $112.9M | -27.9% | 1.265% | 0.05% |
| 12 | DIMENSIONAL FUND ADVISORS LP | 1.2M | $110.7M | +3.7% | 1.240% | 0.02% |
| 13 | FIRST TRUST ADVISORS LP | 1.1M | $100.8M | +35.7% | 1.129% | 0.07% |
| 14 | Yaupon Capital Management LP | 1.0M | $98.0M | -5.7% | 1.098% | 4.54% |
| 15 | EQUITY INVESTMENT CORP | 1.0M | $96.2M | -0.4% | 1.077% | 1.88% |
| 16 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 977K | $91.8M | +7.1% | 1.028% | 0.01% |
| 17 | Bank of New York Mellon Corp | 948K | $89.0M | +2.6% | 0.997% | 0.02% |
| 18 | NORTHERN TRUST CORP | 935K | $87.9M | -6.7% | 0.984% | 0.01% |
| 19 | Invesco Ltd. | 886K | $83.3M | -29.6% | 0.932% | 0.01% |
| 20 | FMR LLC | 812K | $76.3M | +1.1% | 0.855% | 0.00% |
| 21 | Aventail Capital Group, LP | 720K | $67.7M | -33.9% | 0.758% | 3.27% |
| 22 | BANK OF AMERICA CORP /DE/ | 701K | $65.9M | +12.7% | 0.738% | 0.00% |
| 23 | VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 680K | $63.9M | β | 0.715% | 0.64% |
| 24 | AMERIPRISE FINANCIAL INC | 614K | $58.3M | -13.1% | 0.646% | 0.01% |
| 25 | VANGUARD FIDUCIARY TRUST CO | 589K | $55.3M | β | 0.620% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NFG β a direct measure of their conviction.
Filings activity in NFG during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new NFG position in Q1 2026
Institutions that fully closed their NFG position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 639 | +5.3% | 87.02% | +10.70 pp | $6.41B | +14% |
| Q4 2025 | 607 | 0.3% | 76.32% | 6.44 pp | $5.62B | 7.8% |
| Q3 2025 | 609 | +5.7% | 82.76% | 16.07 pp | $6.10B | 16% |
| Q2 2025 | 576 | +1.2% | 98.83% | +29.47 pp | $7.28B | +42% |
| Q1 2025 | 569 | +17% | 69.36% | +15.99 pp | $5.11B | +30% |
| Q4 2024 | 486 | +3.4% | 53.37% | +1.42 pp | $3.93B | +2.7% |
| Q3 2024 | 470 | +6.1% | 51.95% | +3.99 pp | $3.83B | +8.3% |
| Q2 2024 | 443 | β | 47.96% | β | $3.53B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NFG stock.
Based on Q1 2026 13F filings, institutional ownership of National Fuel Gas Company stands at 87.0%, held across 639 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of NFG, with approximately 9,156,505 shares worth $0.86B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of NFG.
Our composite Smart Money Score for NFG is 54 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
103 institutions opened new positions in NFG during Q1 2026, while 71 fully exited. 429 added to existing positions and 104 trimmed.
NFG institutional ownership rose by 10.70 percentage points quarter-over-quarter, with a net change of +32 holders.
The top 10 institutions account for 52.5% of all reported 13F value in NFG, and the top 25 account for 72.1%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
National Fuel Gas Company (NFG) Institutional Ownership