United States Natural Gas Fund LP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 28, 2025
UNG$10.42+3.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedules of Investments at December 31, 2024 and 2023
Schedule of Investments
At December 31, 2024
| · · · · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · · · · · · · Fair · · | ||||||
| · · · · · · · Value/Unrealized · · | ||||||
| · · · · · · · Gain (Loss) on · · | ||||||
| · · · · · · · Open · · | ||||||
| · · · · · Number of · · Commodity · · % of Partners’ | ||||||
| · Notional Amount · Contracts · Contracts · Capital | ||||||
| Open Commodity Futures Contracts - Long | | | | | | |
| United States Contracts · · | ||||||
| NYMEX Natural Gas Futures NG February 2025 contracts, expiring January 2025* | | $444,599,191 | 14,459 | | $80,696,279 | 10.85 |
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| · · Shares/Principal · · · · · % of Partners' | ||||||||
| · Amount · Market Value · Capital | ||||||||
| Cash Equivalents · · | ||||||||
| United States Treasury Obligations · · | ||||||||
| U.S. Treasury Bills: · · · · · · | ||||||||
| 4.39%, 2/27/2025 | $11,500,000 | | $11,420,156 | 1.54 | ||||
| United States Money Market Funds | | | | | | | | |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Shares, 4.43%# | | 520,950,000 | | 520,950,000 | 70.04 | |||
| Total United States Money Market Funds | | | | | | 520,950,000 | | 70.04 |
| Total Cash Equivalents | | | | | $532,370,156 | 71.57 | ||
Open OTC Commodity Swap Contracts
| · · · · · · · · · · · · · · · · · · · · | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · · · · Unrealized Gain | |||||||||||||||
| · · · · · · · · · · · · · · · · · · · (Loss) on | |||||||||||||||
| · · · · · · · · · · · · · Fair Value/Open · · Upfront · · Commodity | |||||||||||||||
| Fund Receives from · · Fund Pays · · · · Payment · · · · Notional · · Commodity · · Payments/(Premiums · · Swap | |||||||||||||||
| Counterparty · Counterparty · Counterparty · Frequency · Expiration Date · Amount · Swap Contracts · Received) · Contracts(a) | |||||||||||||||
| Scotia SNOVNG1 08202024(b) | 0.17% | Scotia Bank | monthly | 02/28/2025 | | $107,293,519 | $107,292,519 | $— | | $(1,000) | |||||
| SOC GEN SGIXCNG1 09272024Index(b) | 0.40% | Societe Generale | monthly | 03/27/2025 | | 111,366,471 | | 111,365,266 | | — | | (1,205) | |||
| Total Open OTC Commodity Swap ContractsÙ | | $218,659,990 | $218,657,785 | $— | | $(2,205) | |||||||||
| (a) | Reflects the value at reset date of December 31, 2024. |
|---|
| (b) | Custom index comprised of a basket of underlying instruments. |
|---|
| * | Collateral amounted to $46,487,832 on open commodity futures contracts. |
|---|
ÙCollateral amounted to $37,100,156 on open OTC commodity swap contracts.
| # | Reflects the 7-day yield at December 31, 2024. |
|---|
Schedule of Investments
At December 31, 2023
| · · · · · · · · · · | ||||||
|---|---|---|---|---|---|---|
| · · · · · · · Fair · · | ||||||
| · · · · · · · Value/Unrealized · · | ||||||
| · · · · · · · Gain (Loss) on · · | ||||||
| · · · · · · · Open · · | ||||||
| · · · · · Number of · · Commodity · · % of Partners’ | ||||||
| · Notional Amount · Contracts · Contracts · Capital | ||||||
| Open Commodity Futures Contracts - Long | | | | | | |
| United States Contracts · · | ||||||
| NYMEX Natural Gas Futures NG February 2024 contracts, expiring January 2024* | | $695,222,259 | 29,248 | | $40,072,461 | 4.11 |
| · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| · · Shares/Principal Amount · Market Value · % of Partners’ Capital | |||||||
| Cash Equivalents · · | |||||||
| United States Money Market Funds · · | |||||||
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio -Institutional Shares, 5.27%# | | 70,950,000 | | $70,950,000 | 7.29 | ||
| Total United States Money Market Funds | | | | | $70,950,000 | | 7.29 |
Open OTC Commodity Swap Contracts
| · · · · · · · · · · · · · · · · · · · · | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · · · · Unrealized Gain | |||||||||||||||
| · · · · · · · · · · · · · · · · · · · (Loss) on | |||||||||||||||
| · · · · · · · · · · · · · Fair Value/Open · · Upfront · · Commodity | |||||||||||||||
| Fund Receives from · · Fund Pays · · · · Payment · · · · Notional · · Commodity · · Payments/(Premiums · · Swap | |||||||||||||||
| Counterparty · Counterparty · Counterparty · Frequency · Expiration Date · Amount · Swap Contracts · Received) · Contracts(a) | |||||||||||||||
| MACQUARIE MQCP362H 12122023Index(b) | 0.25% | Macquarie Bank Ltd | Monthly | 01/12/2024 | | $129,306,126 | $144,210,360 | $— | | $14,904,234 | |||||
| SOC GEN SGIXCNG1 09292023Index(b) | 0.40% | Societe Generale | Monthly | 03/29/2024 | | 94,559,204 | | 94,558,181 | | — | | (1,023) | |||
| Total Open OTC Commodity Swap ContractsÙ | | $223,865,330 | $238,768,541 | $— | | $14,903,211 | |||||||||
| (a) | Reflects the value at reset date of December 29, 2023. |
|---|
| (b) | Custom index comprised of a basket of underlying instruments. |
|---|
| # | Reflects the 7-day yield at December 31, 2023. |
|---|
ÙCollateral amounted to $40,660,000 on open OTC commodity swap contracts.
| * | Collateral amounted to $210,148,873 on open commodity futures contracts. |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.