National Fuel Gas Company
US ˙ NYSE ˙ US6361801011

SecurityNFG / National Fuel Gas Company
InstitutionQube Research & Technologies Ltd
Latest Disclosed Ownership331,754 shares
Latest Disclosed Value $ 31,171,606
Qube Research & Technologies Ltd reports 46.89% decrease in ownership of NFG / National Fuel Gas Company

On May 15, 2026 - Qube Research & Technologies Ltd filed a 13F-HR form disclosing ownership of 331,754 shares of National Fuel Gas Company (US:NFG) valued at $31,171,606 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 624,630 shares of National Fuel Gas Company. This represents a change in shares of -46.89% during the quarter. The current value of the position is $25,647,902 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 331,754 -292,876 -46.89 31,172 -37.67 0.0347
2026-02-17 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 624,630 50,440 8.78 50,008 -5.71 0.0508
2025-11-14 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 574,190 108,360 23.26 53,038 34.41 0.0548
2025-08-14 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 465,830 403,107 642.68 39,460 694.44 0.0401
2025-05-15 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 62,723 -34,657 -35.59 4,967 -15.94 0.0058
2025-02-14 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 97,380 89,686 1,165.66 5,909 1,168.03 0.0077
2024-11-14 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 7,694 -83,311 -91.55 466 -90.55 0.0007
2024-08-14 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 91,005 84,793 1,364.99 4,932 1,380.78 0.0078
2024-05-14 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 6,212 -93,149 -93.75 334 -93.32 0.0005
2024-02-13 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 99,361 93,149 1,499.50 4,985 1,447.83 0.0097
2023-11-13 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 6,212 -170,432 -96.48 322 -96.45 0.0008
2023-08-14 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 176,644 149,398 548.33 9,072 476.73 0.0330
2023-05-15 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 27,246 -227,765 -89.32 1,573 -90.26 0.0068
2023-02-14 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 255,011 -62,767 -19.75 16,142 -17.47 0.0864
2022-11-14 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 317,778 90,004 39.51 19,559 30.01 0.1165
2022-08-15 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 227,774 181,058 387.57 15,044 368.81 0.1110
2022-05-09 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 46,716 -24,021 -33.96 3,209 -29.05 0.0272
2022-02-10 2021-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 70,737 66,687 1,646.59 4,523 2,023.47 0.0349
2022-02-01 2021-12-31 13F NATIONAL FUEL GAS COM 636180101 70,737 66,687 4,523 0.0350
2021-11-12 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 4,050 -855 -17.43 213 -16.80 0.0027
2021-08-13 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 4,905 4,905 256 0.0029
2021-05-14 2021-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -41,686 -100.00 0 -100.00
2021-02-16 2020-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 41,686 -31,749 -43.23 1,715 -42.47 0.0244
2020-11-12 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 73,435 73,435 76.16 2,981 73.82 0.0425
2020-05-15 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -24,847 -100.00 0 -100.00
2020-02-13 2019-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 24,847 24,847 1,156 0.0363
2019-02-14 2018-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -3,094 -100.00 0 -100.00
2018-11-14 2018-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 3,094 2,122 218.31 173 239.22 0.0230
2018-08-15 2018-06-30 13F/A-1 NATIONAL FUEL GAS CO N J COM 636180101 972 972 51 0.0322
2018-08-14 2018-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 972 51 0.0322
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.