National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership1,943,537 shares
Latest Disclosed Value $ 182,669,784
Geode Capital Management, Llc reports 7.01% increase in ownership of NFG / National Fuel Gas Company

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 1,943,537 shares of National Fuel Gas Company (MX:NFG) valued at $182,669,784 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 1,816,217 shares of National Fuel Gas Company. This represents a change in shares of 7.01% during the quarter.

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 1,943,537 127,320 7.01 182,670 25.59 0.0061
2026-02-09 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 1,816,217 121,099 7.14 145,446 -7.13 0.0090
2025-11-12 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 1,695,118 1,138 0.07 156,618 9.12 0.0100
2025-08-08 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 1,693,980 4,995 0.30 143,531 7.28 0.0101
2025-05-13 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 1,688,985 -510,802 -23.22 133,791 -8.68 0.0105
2025-02-12 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 2,199,787 117,351 5.64 146,502 8.96 0.0114
2024-11-12 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 2,082,436 -45,811 -2.15 134,454 10.45 0.0109
2024-08-09 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 2,128,247 157,621 8.00 121,738 10.17 0.0107
2024-05-13 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 1,970,626 437,320 28.52 110,499 43.62 0.0102
2024-02-13 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 1,533,306 58,976 4.00 76,937 0.51 0.0080
2023-11-13 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 1,474,330 7,327 0.50 76,545 0.47 0.0091
2023-08-11 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 1,467,003 28,414 1.98 76,185 -9.95 0.0090
2023-05-15 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 1,438,589 151,915 11.81 84,601 104,344.44 0.0110
2023-02-13 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 1,286,674 42,925 3.45 81 -99.89 0.0114
2022-11-14 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 1,243,749 -29,558 -2.32 76,765 -8.88 0.0116
2022-08-12 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 1,273,307 13,704 1.09 84,249 -2.86 0.0123
2022-05-13 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 1,259,603 123,896 10.91 86,730 19.43 0.0108
2022-02-11 2021-12-31 13F NATIONAL FUEL GAS COM 636180101 1,135,707 38,443 3.50 72,617 26.01 0.0087
2021-11-12 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 1,097,264 -9,260 -0.84 57,628 -0.32 0.0078
2021-08-13 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 1,106,524 19,781 1.82 57,815 6.42 0.0080
2021-05-12 2021-03-31 13F NATIONAL FUEL GAS COM 636180101 1,086,743 29,786 2.82 54,326 24.97 0.0083
2021-02-12 2020-12-31 13F NATIONAL FUEL GAS COM 636180101 1,056,957 57,898 5.80 43,472 7.20 0.0073
2020-11-13 2020-09-30 13F NATIONAL FUEL GAS COM 636180101 999,059 -20,579 -2.02 40,551 -5.15 0.0079
2020-08-13 2020-06-30 13F NATIONAL FUEL GAS COM 636180101 1,019,638 18,413 1.84 42,753 14.51 0.0091
2020-05-14 2020-03-31 13F NATIONAL FUEL GAS COM 636180101 1,001,225 53,592 5.66 37,335 -15.34 0.0097
2020-02-20 2019-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 947,633 27,551 2.99 44,102 2.16 0.0092
2020-02-13 2019-12-31 13F NATIONAL FUEL GAS COM 636180101 947,633 27,551 44,102 5,620.4132
2019-11-12 2019-09-30 13F NATIONAL FUEL GAS COM 636180101 920,082 33,474 3.78 43,169 -7.70 0.0101
2019-08-14 2019-06-30 13F NATIONAL FUEL GAS COM 636180101 886,608 14,921 1.71 46,768 -11.99 0.0113
2019-05-14 2019-03-31 13F NATIONAL FUEL GAS COM 636180101 871,687 -4,110 -0.47 53,138 18.55 0.0138
2019-03-06 2018-12-31 13F/A-1 NATIONAL FUEL GAS COM 636180101 875,797 31,628 3.75 44,823 -5.28 0.0139
2019-02-13 2018-12-31 13F NATIONAL FUEL GAS COM 636180101 875,797 31,628 44,823
2018-11-13 2018-09-30 13F NATIONAL FUEL GAS COM 636180101 844,169 20,395 2.48 47,324 8.47 0.0133
2018-08-14 2018-06-30 13F NATIONAL FUEL GAS COM 636180101 823,774 814 0.10 43,627 3.04 0.0134
2018-05-15 2018-03-31 13F NATIONAL FUEL GAS COM 636180101 822,960 45,514 5.85 42,340 -0.82 0.0138
2018-02-13 2017-12-31 13F NATIONAL FUEL GAS COM 636180101 777,446 21,339 2.82 42,689 -0.27 0.0145
2017-11-14 2017-09-30 13F NATIONAL FUEL GAS COM 636180101 756,107 4,816 0.64 42,803 2.03 0.0158
2017-08-14 2017-06-30 13F NATIONAL FUEL GAS COM 636180101 751,291 112,488 17.61 41,952 10.15 0.0165
2017-06-21 2017-03-31 13F/A-1 NATIONAL FUEL GAS CO N J COM COM 636180101 638,803 45,666 7.70 38,085 13.37 0.0156
2017-05-12 2017-03-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 638,803 38,085
2017-02-14 2016-12-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 593,137 19,454 3.39 33,595 8.30 0.0156
2016-11-10 2016-09-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 573,683 23,076 4.19 31,019 -0.95 0.0156
2016-08-12 2016-06-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 550,607 6,729 1.24 31,318 15.05 0.0170
2016-05-13 2016-03-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 543,878 45,932 9.22 27,221 27.88 0.0144
2016-02-12 2015-12-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 497,946 -2,651 -0.53 21,286 -14.92 0.0121
2015-11-13 2015-09-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 500,597 19,488 4.05 25,019 -11.69 0.0152
2015-08-14 2015-06-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 481,109 13,248 2.83 28,331 0.37 0.0162
2015-05-14 2015-03-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 467,861 33,487 7.71 28,226 -6.54 0.0161
2015-02-12 2014-12-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 434,374 2,061 0.48 30,201 -0.19 0.0180
2014-11-14 2014-09-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 432,313 637 0.15 30,257 -10.48 0.0196
2014-08-13 2014-06-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 431,676 12,824 3.06 33,800 15.22 0.0219
2014-05-14 2014-03-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 418,852 18,679 4.67 29,336 2.67 0.0197
2014-02-14 2013-12-31 13F NATIONAL FUEL GAS CO N J COM COM 636180101 400,173 40,029 11.11 28,572 15.38 0.0198
2013-11-14 2013-09-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 360,144 27,064 8.13 24,764 28.30 0.0199
2013-08-14 2013-06-30 13F NATIONAL FUEL GAS CO N J COM COM 636180101 333,080 333,080 19,302 0.0170
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.