National Fuel Gas Company
MX ˙ BMV ˙ US6361801011
SecurityMX:NFG / National Fuel Gas Company
InstitutionPanagora Asset Management Inc
Latest Disclosed Ownership244,522 shares
Latest Disclosed Value $ 22,975,287
Panagora Asset Management Inc reports 21.33% decrease in ownership of NFG / National Fuel Gas Company

On May 14, 2026 - Panagora Asset Management Inc filed a 13F-HR form disclosing ownership of 244,522 shares of National Fuel Gas Company (MX:NFG) valued at $22,975,287 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 310,810 shares of National Fuel Gas Company. This represents a change in shares of -21.33% 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)
2026-05-14 2026-03-31 13F NATIONAL FUEL GAS COM 636180101 244,522 -66,288 -21.33 22,975 -7.67 0.0861
2026-02-13 2025-12-31 13F NATIONAL FUEL GAS COM 636180101 310,810 93,685 43.15 24,883 24.07 0.0882
2025-11-13 2025-09-30 13F NATIONAL FUEL GAS COM 636180101 217,125 34,156 18.67 20,056 29.40 0.0808
2025-08-13 2025-06-30 13F NATIONAL FUEL GAS COM 636180101 182,969 44,447 32.09 15,499 41.30 0.0699
2025-05-15 2025-03-31 13F NATIONAL FUEL GAS COM 636180101 138,522 134,155 3,072.02 10,970 4,054.92 0.0548
2025-02-13 2024-12-31 13F NATIONAL FUEL GAS COM 636180101 4,367 19 0.44 265 0.38 0.0012
2024-11-13 2024-09-30 13F NATIONAL FUEL GAS COM 636180101 4,348 -141 -3.14 264 8.23 0.0013
2024-07-29 2024-06-30 13F NATIONAL FUEL GAS COM 636180101 4,489 -14 -0.31 243 0.83 0.0012
2024-05-07 2024-03-31 13F NATIONAL FUEL GAS COM 636180101 4,503 0 0.00 242 7.11 0.0013
2024-02-08 2023-12-31 13F NATIONAL FUEL GAS COM 636180101 4,503 0 0.00 226 -3.43 0.0013
2023-10-31 2023-09-30 13F NATIONAL FUEL GAS COM 636180101 4,503 4,503 234 0.0015
2023-08-11 2023-06-30 13F NATIONAL FUEL GAS COM 636180101 0 -3,824 -100.00 0 -100.00
2023-05-12 2023-03-31 13F NATIONAL FUEL GAS COM 636180101 3,824 167 4.57 221 -4.76 0.0014
2023-02-13 2022-12-31 13F NATIONAL FUEL GAS COM 636180101 3,657 0 0.00 231 2.67 0.0015
2022-11-14 2022-09-30 13F NATIONAL FUEL GAS COM 636180101 3,657 -85,991 -95.92 225 -96.20 0.0016
2022-08-15 2022-06-30 13F NATIONAL FUEL GAS COM 636180101 89,648 85,689 2,164.41 5,921 2,076.84 0.0388
2022-05-12 2022-03-31 13F NATIONAL FUEL GAS COM 636180101 3,959 -92 -2.27 272 5.02 0.0015
2022-02-10 2021-12-31 13F NATIONAL FUEL GAS COM 636180101 4,051 -5,445 -57.34 259 -48.10 0.0014
2021-11-10 2021-09-30 13F NATIONAL FUEL GAS COM 636180101 9,496 204 2.20 499 2.67 0.0027
2021-08-11 2021-06-30 13F NATIONAL FUEL GAS COM 636180101 9,292 86 0.93 486 5.65 0.0026
2021-05-12 2021-03-31 13F NATIONAL FUEL GAS COMMON 636180101 9,206 4,247 85.64 460 125.49 0.0026
2021-02-10 2020-12-31 13F NATIONAL FUEL GAS COMMON 636180101 4,959 -1,200 -19.48 204 -18.40 0.0012
2020-11-13 2020-09-30 13F NATIONAL FUEL GAS COMMON 636180101 6,159 -9,005 -59.38 250 -60.69 0.0016
2020-08-12 2020-06-30 13F NATIONAL FUEL GAS COMMON 636180101 15,164 0 0.00 636 12.57 0.0041
2020-05-14 2020-03-31 13F NATIONAL FUEL GAS COMMON 636180101 15,164 9,005 146.21 565 96.86 0.0040
2020-02-12 2019-12-31 13F NATIONAL FUEL GAS COMMON 636180101 6,159 0 0.00 287 -0.69 0.0013
2019-11-12 2019-09-30 13F NATIONAL FUEL GAS COMMON 636180101 6,159 0 0.00 289 -11.08 0.0013
2019-08-09 2019-06-30 13F NATIONAL FUEL GAS COMMON 636180101 6,159 0 0.00 325 -13.33 0.0015
2019-05-15 2019-03-31 13F NATIONAL FUEL GAS COMMON 636180101 6,159 0 0.00 375 19.05 0.0017
2019-02-14 2018-12-31 13F NATIONAL FUEL GAS COMMON 636180101 6,159 0 0.00 315 -8.70 0.0015
2018-11-13 2018-09-30 13F NATIONAL FUEL GAS COMMON 636180101 6,159 0 0.00 345 5.83 0.0013
2018-08-14 2018-06-30 13F NATIONAL FUEL GAS COMMON 636180101 6,159 1,080 21.26 326 24.90 0.0013
2018-05-15 2018-03-31 13F NATIONAL FUEL GAS COMMON 636180101 5,079 -159,223 -96.91 261 -97.11 0.0010
2018-02-14 2017-12-31 13F NATIONAL FUEL GAS COMMON 636180101 164,302 -85,450 -34.21 9,022 -36.19 0.0339
2017-11-14 2017-09-30 13F NATIONAL FUEL GAS COMMON 636180101 249,752 -2,139 -0.85 14,138 0.51 0.0560
2017-08-14 2017-06-30 13F NATIONAL FUEL GAS COMMON 636180101 251,891 127,236 102.07 14,066 89.26 0.0566
2017-05-15 2017-03-31 13F NATIONAL FUEL GAS COMMON 636180101 124,655 8,428 7.25 7,432 12.90 0.0309
2017-02-14 2016-12-31 13F NATIONAL FUEL GAS COMMON 636180101 116,227 19,390 20.02 6,583 25.73 0.0302
2016-11-14 2016-09-30 13F NATIONAL FUEL GAS COMMON 636180101 96,837 -8,041 -7.67 5,236 -12.22 0.0250
2016-08-15 2016-06-30 13F NATIONAL FUEL GAS COMMON 636180101 104,878 -16,012 -13.25 5,965 -1.42 0.0296
2016-05-16 2016-03-31 13F NATIONAL FUEL GAS COMMON 636180101 120,890 8,281 7.35 6,051 25.70 0.0300
2016-02-12 2015-12-31 13F NATIONAL FUEL GAS COMMON 636180101 112,609 30,261 36.75 4,814 16.96 0.0237
2015-11-13 2015-09-30 13F NATIONAL FUEL GAS COMMON 636180101 82,348 76,406 1,285.86 4,116 1,076.00 0.0217
2015-08-14 2015-06-30 13F NATIONAL FUEL GAS COMMON 636180101 5,942 0 0.00 350 -2.23 0.0018
2015-05-15 2015-03-31 13F NATIONAL FUEL GAS COMMON 636180101 5,942 2,063 53.18 358 32.59 0.0018
2015-02-13 2014-12-31 13F NATIONAL FUEL GAS COMMON 636180101 3,879 -42 -1.07 270 -1.46 0.0014
2014-11-12 2014-09-30 13F NATIONAL FUEL GAS COMMON 636180101 3,921 -146,543 -97.39 274 -97.67 0.0013
2014-08-14 2014-06-30 13F NATIONAL FUEL GAS COMMON 636180101 150,464 -27,105 -15.26 11,781 -5.27 0.0572
2014-05-15 2014-03-31 13F NATIONAL FUEL GAS COMMON 636180101 177,569 172,735 3,573.33 12,437 3,504.93 0.0587
2014-02-21 2013-12-31 13F NATIONAL FUEL GAS COMMON 636180101 4,834 -145 -2.91 345 0.88 0.0016
2013-11-14 2013-09-30 13F NATIONAL FUEL GAS COMMON 636180101 4,979 0 0.00 342 18.34 0.0017
2013-08-14 2013-06-30 13F NATIONAL FUEL GAS COMMON 636180101 4,979 4,979 289 0.0015
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.