Mario Gabelli's NFG Position Overview
Mario Gabelli (via Gamco Investors, Inc. Et Al) currently holds 1.41 M shares of National Fuel Gas Company (NFG) worth $130.11 M, representing 1.26% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Mario Gabelli has maintained a long-term strategic position in NFG, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2014, adding 138,358 shares. Largest reduction occurred in Q2 2020, reducing 455,222 shares.
Analysis based on 13F filings available since 2013 Q2
Mario Gabelli'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 Mario Gabelli
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +3.76 M | Add 0.00% | 3.76 M | $57.95 |
| Q3 2013 | -60,878 | Reduce 1.62% | 3.7 M | $68.76 |
| Q4 2013 | +106,638 | Add 2.88% | 3.81 M | $71.40 |
| Q1 2014 | -62,363 | Reduce 1.64% | 3.74 M | $70.04 |
| Q2 2014 | -4,094 | Reduce 0.11% | 3.74 M | $78.30 |
| Q3 2014 | +138,358 | Add 3.70% | 3.88 M | $69.99 |
| Q4 2014 | +49,470 | Add 1.28% | 3.93 M | $69.53 |
| Q1 2015 | -51,447 | Reduce 1.31% | 3.88 M | $60.33 |
| Q2 2015 | -92,129 | Reduce 2.38% | 3.78 M | $58.89 |
| Q3 2015 | -331,475 | Reduce 8.76% | 3.45 M | $49.98 |
| Q4 2015 | -87,009 | Reduce 2.52% | 3.37 M | $42.75 |
| Q1 2016 | -47,440 | Reduce 1.41% | 3.32 M | $50.05 |
| Q2 2016 | -71,530 | Reduce 2.16% | 3.25 M | $56.88 |
| Q3 2016 | -48,265 | Reduce 1.49% | 3.2 M | $54.07 |
| Q4 2016 | -56,129 | Reduce 1.76% | 3.14 M | $56.64 |
| Q1 2017 | -113,963 | Reduce 3.63% | 3.03 M | $59.62 |
| Q2 2017 | +62,375 | Add 2.06% | 3.09 M | $55.84 |
| Q3 2017 | -26,848 | Reduce 0.87% | 3.06 M | $56.61 |
| Q4 2017 | -180,196 | Reduce 5.88% | 2.88 M | $54.91 |
| Q1 2018 | -94,284 | Reduce 3.27% | 2.79 M | $51.45 |
| Q2 2018 | -91,645 | Reduce 3.29% | 2.7 M | $52.96 |
| Q3 2018 | -84,423 | Reduce 3.13% | 2.61 M | $56.06 |
| Q4 2018 | -132,837 | Reduce 5.08% | 2.48 M | $51.18 |
| Q1 2019 | -58,055 | Reduce 2.34% | 2.42 M | $60.96 |
| Q2 2019 | -95,864 | Reduce 3.96% | 2.33 M | $52.75 |
| Q3 2019 | -213,510 | Reduce 9.18% | 2.11 M | $46.92 |
| Q4 2019 | -60,685 | Reduce 2.87% | 2.05 M | $46.54 |
| Q1 2020 | -43,558 | Reduce 2.12% | 2.01 M | $37.29 |
| Q2 2020 | -455,222 | Reduce 22.66% | 1.55 M | $41.93 |
| Q3 2020 | -116,482 | Reduce 7.50% | 1.44 M | $40.59 |
| Q4 2020 | -42,738 | Reduce 2.97% | 1.39 M | $41.13 |
| Q1 2021 | -90,294 | Reduce 6.48% | 1.3 M | $49.99 |
| Q2 2021 | -22,763 | Reduce 1.75% | 1.28 M | $52.25 |
| Q3 2021 | -12,568 | Reduce 0.98% | 1.27 M | $52.52 |
| Q4 2021 | -16,400 | Reduce 1.29% | 1.25 M | $63.94 |
| Q1 2022 | -30,659 | Reduce 2.45% | 1.22 M | $68.70 |
| Q2 2022 | -29,266 | Reduce 2.40% | 1.19 M | $66.05 |
| Q3 2022 | -23,571 | Reduce 1.98% | 1.17 M | $61.55 |
| Q4 2022 | -33,010 | Reduce 2.82% | 1.14 M | $63.30 |
| Q1 2023 | +16,834 | Add 1.48% | 1.15 M | $57.74 |
| Q2 2023 | +27,843 | Add 2.42% | 1.18 M | $51.36 |
| Q3 2023 | +22,043 | Add 1.87% | 1.2 M | $51.91 |
| Q4 2023 | +22,088 | Add 1.84% | 1.22 M | $50.17 |
| Q1 2024 | +96,410 | Add 7.87% | 1.32 M | $53.72 |
| Q2 2024 | +44,267 | Add 3.35% | 1.37 M | $54.19 |
| Q3 2024 | +12,216 | Add 0.89% | 1.38 M | $60.61 |
| Q4 2024 | +70,332 | Add 5.11% | 1.45 M | $60.68 |
| Q1 2025 | +48,202 | Add 3.33% | 1.5 M | $79.19 |
| Q2 2025 | +15,040 | Add 1.01% | 1.51 M | $84.71 |
| Q3 2025 | -102,362 | Reduce 6.77% | 1.41 M | $92.37 |
Mario Gabelli's National Fuel Gas Company Investment FAQs
Mario Gabelli first purchased National Fuel Gas Company (NFG) in Q2 2013, acquiring 3,760,391 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Mario Gabelli has held National Fuel Gas Company (NFG) for 50 quarters since Q2 2013.
Mario Gabelli's largest addition to National Fuel Gas Company (NFG) was in Q2 2013, adding 3,760,391 shares worth $217.92 M.
According to the latest 13F filing for Q3 2025, Mario Gabelli's firm, Gamco Investors, Inc. Et Al, owns 1,408,545 shares of National Fuel Gas Company (NFG), valued at approximately $130.11 M.
As of the Q3 2025 filing, National Fuel Gas Company (NFG) represents approximately 1.26% of Mario Gabelli's publicly disclosed stock portfolio, making it one of their key holdings.
Mario Gabelli's peak holding in National Fuel Gas Company (NFG) was 3,927,522 shares, as reported at the end of Q4 2014.