Cliff Asness's NFG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.67 M shares of National Fuel Gas Company (NFG) worth $133.39 M, representing 0.07% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 45 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in NFG, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2025, adding 1.09 M shares. Largest reduction occurred in Q4 2025, reducing 472,034 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's National Fuel Gas Company (NFG) Holding Value Over Time
Track share changes against reported price movement
Quarterly National Fuel Gas Company (NFG) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -472,034 | Reduce 22.08% | 1.67 M | $80.06 |
| Q3 2025 | +1.09 M | Add 103.42% | 2.14 M | $92.37 |
| Q2 2025 | +157,220 | Add 17.59% | 1.05 M | $84.71 |
| Q1 2025 | +59,667 | Add 7.15% | 893,866 | $79.19 |
| Q4 2024 | -60,385 | Reduce 6.75% | 834,199 | $60.68 |
| Q3 2024 | +14,150 | Add 1.61% | 894,584 | $60.61 |
| Q2 2024 | +541,176 | Add 159.52% | 880,434 | $54.19 |
| Q1 2024 | -146,236 | Reduce 30.12% | 339,258 | $53.72 |
| Q4 2023 | -74,606 | Reduce 13.32% | 485,494 | $49.98 |
| Q3 2023 | +14,184 | Add 2.60% | 560,100 | $51.91 |
| Q2 2023 | -102,113 | Reduce 15.76% | 545,916 | $51.36 |
| Q1 2023 | +94,253 | Add 17.02% | 648,029 | $57.74 |
| Q4 2022 | +66,926 | Add 13.75% | 553,776 | $63.30 |
| Q3 2022 | -8,158 | Reduce 1.65% | 486,850 | $61.55 |
| Q2 2022 | +21,005 | Add 4.43% | 495,008 | $66.05 |
| Q1 2022 | +219,712 | Add 86.40% | 474,003 | $68.70 |
| Q4 2021 | +217,596 | Add 592.99% | 254,291 | $63.94 |
| Q3 2021 | +11,098 | Add 43.36% | 36,695 | $52.51 |
| Q2 2021 | -1,056 | Reduce 3.96% | 25,597 | $52.23 |
| Q1 2021 | +13,127 | Add 97.05% | 26,653 | $49.98 |
| Q4 2020 | -1,865 | Reduce 12.12% | 13,526 | $41.03 |
| Q3 2020 | -138 | Reduce 0.89% | 15,391 | $40.61 |
| Q2 2020 | +7,529 | Add 94.11% | 15,529 | $40.70 |
| Q2 2019 | -5,160 | Reduce 39.21% | 8,000 | $52.38 |
| Q1 2019 | -3,616 | Reduce 21.55% | 13,160 | $60.64 |
| Q4 2018 | +7,445 | Add 79.79% | 16,776 | $51.20 |
| Q3 2018 | +79 | Add 0.85% | 9,331 | $56.05 |
| Q2 2018 | +9,252 | New Buy | 9,252 | $52.96 |
| Q1 2016 | -45,689 | Sold Out | 0 | $0.00 |
| Q4 2015 | +45,689 | New Buy | 45,689 | $42.75 |
| Q3 2015 | -5,430 | Sold Out | 0 | $0.00 |
| Q1 2015 | -500 | Reduce 8.43% | 5,430 | $60.41 |
| Q4 2014 | -10,570 | Reduce 64.06% | 5,930 | $69.48 |
| Q3 2014 | +2,400 | Add 17.02% | 16,500 | $70.00 |
| Q2 2014 | -21,700 | Reduce 60.61% | 14,100 | $78.30 |
| Q1 2014 | +14,900 | Add 71.29% | 35,800 | $70.03 |
| Q4 2013 | +7,900 | Add 60.77% | 20,900 | $71.39 |
| Q3 2013 | -900 | Reduce 6.47% | 13,000 | $68.77 |
| Q2 2013 | +13,900 | Add 0.00% | 13,900 | $57.99 |
| Q4 2012 | +16,000 | Add 0.00% | 16,000 | $50.69 |
Cliff Asness's National Fuel Gas Company Investment FAQs
Cliff Asness first purchased National Fuel Gas Company (NFG) in Q4 2012, acquiring 16,000 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held National Fuel Gas Company (NFG) for 45 quarters since Q4 2012.
Cliff Asness's largest addition to National Fuel Gas Company (NFG) was in Q3 2025, adding 2,138,153 shares worth $197.5 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,666,119 shares of National Fuel Gas Company (NFG), valued at approximately $133.39 M.
As of the Q4 2025 filing, National Fuel Gas Company (NFG) represents approximately 0.07% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in National Fuel Gas Company (NFG) was 2,138,153 shares, as reported at the end of Q3 2025.