National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionGotham Asset Management, LLC
ManagerJoel Greenblatt
Latest Disclosed Ownership399,654 shares
Latest Disclosed Value $ 37,551,490
Gotham Asset Management, LLC reports 19.55% decrease in ownership of NFG / National Fuel Gas Company

On May 15, 2026 - Gotham Asset Management, LLC filed a 13F-HR form disclosing ownership of 399,654 shares of National Fuel Gas Company (MX:NFG) valued at $37,551,490 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 496,762 shares of National Fuel Gas Company. This represents a change in shares of -19.55% 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 399,654 -97,108 -19.55 37,551 -5.58 0.1150
2026-02-17 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 496,762 -25,166 -4.82 39,771 -17.51 0.1452
2025-11-14 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 521,928 223,459 74.87 48,210 90.68 0.2099
2025-08-14 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 298,469 158,346 113.01 25,283 127.86 0.1513
2025-05-15 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 140,123 -24,403 -14.83 11,096 11.15 0.0926
2025-02-14 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 164,526 40,997 33.19 9,983 33.34 0.0947
2024-11-14 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 123,529 83,479 208.44 7,487 245.02 0.0774
2024-08-14 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 40,050 31,416 363.86 2,170 368.68 0.0281
2024-05-15 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 8,634 8,634 464 0.0070
2024-02-14 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 0 -64,758 -100.00 0 -100.00
2023-11-14 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 64,758 -48,026 -42.58 3,362 -41.97 0.0694
2023-08-14 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 112,784 62,404 123.87 5,793 99.17 0.1260
2023-05-15 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 50,380 10,138 25.19 2,909 14.17 0.0705
2023-02-14 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 40,242 2,538 6.73 2,547 9.74 0.0717
2022-11-14 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 37,704 21,441 131.84 2,321 116.11 0.0695
2022-08-15 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 16,263 4,060 33.27 1,074 28.16 0.0345
2022-05-16 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 12,203 -5,950 -32.78 838 -27.82 0.0259
2022-02-14 2021-12-31 13F NATIONAL FUEL GAS COM 636180101 18,153 8,841 94.94 1,161 137.42 0.0375
2021-11-15 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 9,312 3,504 60.33 489 61.39 0.0198
2021-08-16 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 5,808 -3,918 -40.28 303 -37.65 0.0128
2021-05-17 2021-03-31 13F NATIONAL FUEL GAS COM 636180101 9,726 697 7.72 486 31.00 0.0217
2021-02-16 2020-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 9,029 -43,222 -82.72 371 -82.51 0.0123
2020-11-16 2020-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 52,251 23,744 83.29 2,121 77.49 0.0681
2020-08-13 2020-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 28,507 12,112 73.88 1,195 95.58 0.0358
2020-05-15 2020-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 16,395 16,395 611 0.0170
2017-11-14 2017-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -6,449 -100.00 0 -100.00
2017-08-14 2017-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 6,449 6,449 360 0.0050
2017-05-15 2017-03-31 13F NATIONAL FUEL GAS CO N J COM 636180101 0 -5,482 -100.00 0 -100.00
2017-02-14 2016-12-31 13F NATIONAL FUEL GAS CO N J COM 636180101 5,482 -505 -8.43 311 -4.01 0.0040
2016-11-14 2016-09-30 13F NATIONAL FUEL GAS CO N J COM 636180101 5,987 403 7.22 324 1.89 0.0042
2016-08-15 2016-06-30 13F NATIONAL FUEL GAS CO N J COM 636180101 5,584 5,584 318 0.0038
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.