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Institutional Ownership · SEC Form 13F

Who owns NFG (NFG)


Which tracked institutional funds hold NFG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NFG company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

651
Institutional holders
75,564,709
Shares held (tracked funds)
83.6%
Of shares outstanding

How the tape is positioned

231 tracked funds added or opened NFG while 87 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

NFG’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes NFG more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in NFG divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 651 tracked filers holding NFG, 337 increased or opened the position and 272 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in NFG between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 41

  • VANGUARD PORTFOLIO MANAGEMENT LLC$735M
  • VANGUARD CAPITAL MANAGEMENT LLC$399M
  • VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.$64M
  • VANGUARD FIDUCIARY TRUST CO$55M
  • Blackstone Inc.$55M
  • REAVES W H & CO INC$30M

Full exits 29

  • VANGUARD GROUP INC$965M
  • VIRGINIA RETIREMENT SYSTEMS ET Al$26M
  • MILLENNIUM MANAGEMENT LLC$9M
  • ZACKS INVESTMENT MANAGEMENT$8M
  • DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main$6M
  • Verition Fund Management LLC$6M

Largest adds

  • PRICE T ROWE ASSOCIATES INC /MD/$143M
  • BlackRock, Inc.$66M
  • LSV ASSET MANAGEMENT$66M
  • STATE STREET CORP$47M
  • Energy Income Partners, LLC$38M
  • FIRST TRUST ADVISORS LP$37M

Largest trims

  • Clark Capital Management Group, Inc.$48M
  • PRUDENTIAL FINANCIAL INC$33M
  • MACKENZIE FINANCIAL CORP$31M
  • Invesco Ltd.$29M
  • AQR CAPITAL MANAGEMENT LLC$21M
  • Aventail Capital Group, LP$20M

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed8,232,162$773M10.4%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new7,823,429$735M9.9%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new4,246,963$399M5.4%2026-Q1
STATE STREET CORP trimmed3,870,572$366M4.9%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ added2,868,706$270M3.6%2026-Q1
Energy Income Partners, LLC added2,589,824$243M3.3%2026-Q1
GABELLI FUNDS LLC trimmed2,331,863$219M2.9%2026-Q1
LSV ASSET MANAGEMENT added2,230,928$210M2.8%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added1,943,537$183M2.5%2026-Q1
GAMCO INVESTORS, INC. ET AL trimmed1,369,326$129M1.7%2026-Q1
MORGAN STANLEY added1,238,042$116M1.6%2026-Q1
VICTORY CAPITAL MANAGEMENT INC trimmed1,223,561$115M1.5%2026-Q1
AQR CAPITAL MANAGEMENT LLC trimmed1,196,843$112M1.5%2026-Q1
DIMENSIONAL FUND ADVISORS LP added1,177,958$111M1.5%2026-Q1
FIRST TRUST ADVISORS LP added1,072,487$101M1.4%2026-Q1
Yaupon Capital Management LP trimmed1,043,272$98M1.3%2026-Q1
EQUITY INVESTMENT CORP trimmed1,023,528$96M1.3%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added977,341$92M1.2%2026-Q1
Bank of New York Mellon Corp added947,563$89M1.2%2026-Q1
NORTHERN TRUST CORP trimmed935,318$88M1.2%2026-Q1
NORGES BANK trimmed1,053,521$83M1.1%2026-Q1
Invesco Ltd. trimmed763,572$72M1.0%2026-Q1
Aventail Capital Group, LP trimmed720,381$68M0.9%2026-Q1
FMR LLC trimmed716,049$67M0.9%2026-Q1
BANK OF AMERICA CORP /DE/ added701,453$66M0.9%2026-Q1
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. new679,680$64M0.9%2026-Q1
AMERIPRISE FINANCIAL INC trimmed614,157$58M0.8%2026-Q1
VANGUARD FIDUCIARY TRUST CO new589,005$55M0.7%2026-Q1
Blackstone Inc. new586,584$55M0.7%2026-Q1
JPMORGAN CHASE & CO trimmed418,889$40M0.5%2026-Q1
JUPITER ASSET MANAGEMENT LTD trimmed409,457$38M0.5%2026-Q1
Gotham Asset Management, LLC trimmed399,654$38M0.5%2026-Q1
TWO SIGMA INVESTMENTS, LP added394,307$37M0.5%2026-Q1
MANAGED ASSET PORTFOLIOS, LLC added387,830$36M0.5%2026-Q1
Allspring Global Investments Holdings, LLC added372,355$35M0.5%2026-Q1
RENAISSANCE TECHNOLOGIES LLC added367,200$35M0.5%2026-Q1
UBS Group AG added353,151$33M0.4%2026-Q1
SEI INVESTMENTS CO added340,003$32M0.4%2026-Q1
WESTWOOD HOLDINGS GROUP INC trimmed336,086$32M0.4%2026-Q1
Qube Research & Technologies Ltd trimmed331,754$31M0.4%2026-Q1
TOCQUEVILLE ASSET MANAGEMENT L.P. added318,909$30M0.4%2026-Q1
REAVES W H & CO INC new314,465$30M0.4%2026-Q1
ProShare Advisors LLC trimmed312,345$29M0.4%2026-Q1
COHEN & STEERS, INC. added310,177$29M0.4%2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added287,972$27M0.4%2026-Q1
ROYAL BANK OF CANADA trimmed280,654$26M0.4%2026-Q1
Arbejdsmarkedets Tillaegspension trimmed273,402$26M0.3%2026-Q1
GOLDMAN SACHS GROUP INC added252,478$24M0.3%2026-Q1
RHUMBLINE ADVISERS added251,917$24M0.3%2026-Q1
PANAGORA ASSET MANAGEMENT INC trimmed244,522$23M0.3%2026-Q1
VALLEY WEALTH MANAGERS, INC. added244,094$23M0.3%2026-Q1
RAYMOND JAMES FINANCIAL INC added240,282$23M0.3%2026-Q1
EXCHANGE TRADED CONCEPTS, LLC added239,704$23M0.3%2026-Q1
Retirement Systems of Alabama added238,093$22M0.3%2026-Q1
Man Group plc added227,716$21M0.3%2026-Q1
California Public Employees Retirement System added224,408$21M0.3%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added212,091$20M0.3%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed203,262$19M0.3%2026-Q1
NEUBERGER BERMAN GROUP LLC added202,801$19M0.3%2026-Q1
WELLS FARGO & COMPANY/MN trimmed194,367$18M0.2%2026-Q1
NATIXIS ADVISORS, LLC added193,058$18M0.2%2026-Q1
FRANKLIN RESOURCES INC trimmed191,175$18M0.2%2026-Q1
Covalis Capital LLP added182,217$17M0.2%2026-Q1
Swiss National Bank added178,600$17M0.2%2026-Q1
ENVESTNET ASSET MANAGEMENT INC trimmed175,465$16M0.2%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added174,228$16M0.2%2026-Q1
59 North Capital Management, LP new174,091$16M0.2%2026-Q1
Connor, Clark & Lunn Investment Management Ltd. added169,773$16M0.2%2026-Q1
VOYA INVESTMENT MANAGEMENT LLC added168,051$16M0.2%2026-Q1
Nuveen, LLC added158,130$15M0.2%2026-Q1
Quantinno Capital Management LP added153,064$14M0.2%2026-Q1
Aptus Capital Advisors, LLC added134,004$13M0.2%2026-Q1
LPL Financial LLC added131,674$12M0.2%2026-Q1
Legal & General Group Plc trimmed129,582$12M0.2%2026-Q1
BROOKFIELD Corp /ON/ trimmed124,827$12M0.2%2026-Q1
Knights of Columbus Asset Advisors LLC trimmed122,048$11M0.2%2026-Q1
Squarepoint Ops LLC trimmed121,599$11M0.2%2026-Q1
Allianz Asset Management GmbH trimmed110,104$10M0.1%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE added110,041$10M0.1%2026-Q1
KAYNE ANDERSON CAPITAL ADVISORS LP added106,322$10M0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added106,184$10M0.1%2026-Q1
State of Alaska, Department of Revenue added106,074$10M0.1%2026-Q1
Cardinal Capital Management added101,277$10M0.1%2026-Q1
PRUDENTIAL FINANCIAL INC trimmed101,717$10M0.1%2026-Q1
SCHRODER INVESTMENT MANAGEMENT GROUP added101,178$10M0.1%2026-Q1
ALLIANCEBERNSTEIN L.P. trimmed117,810$9M0.1%2026-Q1
THOMPSON SIEGEL & WALMSLEY LLC trimmed97,720$9M0.1%2026-Q1
KWMG, LLC added97,232$9M0.1%2026-Q1
Engineers Gate Manager LP trimmed96,201$9M0.1%2026-Q1
NORDEA INVESTMENT MANAGEMENT AB trimmed93,920$9M0.1%2026-Q1
IBEX WEALTH ADVISORS added94,273$9M0.1%2026-Q1
OPPENHEIMER ASSET MANAGEMENT INC. trimmed91,951$9M0.1%2026-Q1
Schonfeld Strategic Advisors LLC added91,468$9M0.1%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed91,367$9M0.1%2026-Q1
VANGUARD GROUP INC trimmed12,051,920$965M12.9%2025-Q4 stale
Poplar Forest Capital LLC trimmed381,605$30M0.4%2025-Q1 stale
VIRGINIA RETIREMENT SYSTEMS ET Al added321,220$26M0.3%2025-Q4 stale
MILLENNIUM MANAGEMENT LLC trimmed110,706$9M0.1%2025-Q4 stale
Cubist Systematic Strategies, LLC trimmed91,292$8M0.1%2025-Q3 stale
Point72 Asset Management, L.P. trimmed91,072$8M0.1%2025-Q3 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership