UGI

UGI • NYSE

UGI is a regulated gas company in the utilities sector on NYSE, led by Robert Flexon, with a market cap of $8.2B. As of Q3 2025, 91% of shares are held by 554 institutional investors, with BlackRock, Inc. as the largest holder at 11.76%.

President and Chief Executive OfficerRobert Flexon

Market Cap$8.2B

Regulated Gas

Utilities

Employees5.2K

Websiteugicorp.com

Country

United States of America

Overview

Overview of institutional ownership in UGI as of Q3 2025 with a market cap of $7.1B

All Institutions

Institutions: 554
Value Held: $6.5B
Shares Held: 195.5M
Avg Position: $11.7M
Median Position: $676.5K

Hedge Funds

Hedge Funds: 47
Value Held: $336.9M
Shares Held: 10.1M
Avg Position: $7.2M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

86.31%

$6.2B

Hedge Funds

4.71%

$336.9M

Retail & Other

8.98%

$641.6M

Based on market cap of $7.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in UGI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$840.7M 0.01% of portfolio	11.76% 25.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$807.7M 0.01% of portfolio	11.30% 24.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$422.9M 0.02% of portfolio	5.92% 12.7M shares	Q2 2016 Held for 9y 5m	$1.92T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$318.6M 0.01% of portfolio	4.41% 9.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$211.9M 0.72% of portfolio	2.96% 6.4M shares	Q1 2016 Held for 9y 8m	$29.4B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$196.0M 0.43% of portfolio	2.74% 5.9M shares	Q3 2018 Held for 7y 2m	$45.1B
SNYDER CAPITAL MANAGEMENT L P Long Only Manager	Gary Michael Rafferty CFO	$178.1M 3.37% of portfolio	2.49% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.3B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$148.9M 0.01% of portfolio	2.08% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Pictet Asset Management Holding SA Long Only Manager	Elizabeth Retta Dillon CEO	$123.7M 0.12% of portfolio	1.73% 3.7M shares	Q3 2023 Held for 2y 2m	$103.68B
N Neuberger Berman Group LLC Institution	-	$117.7M 0.09% of portfolio	1.65% 3.5M shares	≤ Q2 2013 Held for 12y 5m+	$136.94B

Net Capital Flow

Institutional buying and selling activity for UGI in Q3 2025

Traded: +$98.6M
Buyers: 274
Sellers: 276
Total Bought: +$574.6M
Total Sold: −$476.0M
Avg Position: $10.2M

Biggest Buyers

Institution	Net Bought	Current Position
Invesco Ltd. ETF Provider	+$72.9M +2.2M shares	$114.9M 3.5M shares
L LSV ASSET MANAGEMENT Long Only Manager	+$33.1M +994.4K shares	$196.0M 5.9M shares
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	+$24.0M +721.9K shares	$24.0M 721.9K shares
MACKENZIE FINANCIAL CORP Long Only Manager	+$22.3M +671.2K shares	$24.0M 722.9K shares
UBS Group AG Institution	+$20.7M +623.6K shares	$48.3M 1.5M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$20.7M +620.9K shares	$33.3M 1.0M shares
HG Vora Capital Management, LLC Hedge Fund•Event Driven	+$20.0M +600.0K shares	$39.9M 1.2M shares
Artisan Partners Limited Partnership Long Only Manager	+$19.1M +573.7K shares	$19.1M 573.7K shares
SNYDER CAPITAL MANAGEMENT L P Long Only Manager	+$18.2M +546.2K shares	$178.1M 5.4M shares
FMR LLC Institution	+$17.6M +530.3K shares	$422.9M 12.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
VANGUARD GROUP INC Institution	−$67.9M −2.0M shares	$807.7M 24.3M shares
HENNESSY ADVISORS INC Institution	−$62.9M −1.9M shares	$12.6M 378.5K shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	−$23.2M −696.6K shares	$81.0M 2.4M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$21.6M −648.0K shares	$5.9M 178.4K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$20.3M −613.4K shares	$30.1M 907.9K shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$15.4M −462.9K shares	$211.9M 6.4M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$15.4M −462.5K shares	$37.4M 1.1M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$14.3M −393.6K shares	Sold Off 0 shares
Lansforsakringar Fondforvaltning AB Fund of Funds	−$14.2M −426.8K shares	$48.5M 1.5M shares
Marshall Wace LLP Institution	−$12.5M −342.4K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited UGI in Q3 2025

New Positions: 28
New Value: $51.6M
Exited Positions: 81
Exited Value: $89.6M

New Positions

Institution	Position Value
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	$24.0M 721.9K shares
Artisan Partners Limited Partnership Long Only Manager	$19.1M 573.7K shares
G Green Square Asset Management, LLC Institution	$5.4M 162.6K shares
CONSOLIDATED PLANNING CORP RIA/Wealth	$1.0M 30.9K shares
Investment Research Partners LLC Hedge Fund•Multi-Strategy	$325.0K 9.8K shares
K Keebeck Alpha, LP Hedge Fund	$291.6K 8.8K shares
C Camden Capital, LLC RIA/Wealth	$274.1K 8.2K shares
Family Management Corp RIA/Wealth	$251.1K 7.6K shares
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	$246.6K 7.4K shares
E Elevated Capital Advisors, LLC RIA/Wealth	$243.5K 7.3K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$14.3M 393.6K shares
Marshall Wace LLP Institution	$12.5M 342.4K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$7.8M 213.7K shares
A AXA Institution	$7.1M 195.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$6.1M 167.0K shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$5.4M 149.1K shares
V Vennlight Capital Management, LP Hedge Fund•Long/Short	$5.3M 144.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.8M 105.1K shares
N NKCFO LLC RIA/Wealth	$1.8M 50.3K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$1.7M 47.2K shares

Options Activity

Institutions with the largest Call and Put options positions in UGI as of Q3 2025

Call Positions: 9
Call Value: $23.4M
Put Positions: 12
Put Value: $95.7M

Call Positions

Institution	Position Value
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$9.4M 2.8K contracts
J JANE STREET GROUP, LLC Institution	$4.2M 1.2K contracts
D D. E. Shaw & Co., Inc. Institution	$2.8M 839.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 641.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.9M 580.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.5M 463.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$981.2K 295.0 contracts
Walleye Trading LLC RIA/Wealth	$475.6K 143.0 contracts
C CSS LLC/IL Institution	$10.0K 3.0 contracts

Put Positions

Institution	Position Value
P Portman Square Capital LLP Hedge Fund•Vol Arbitrage	$55.4M 16.6K contracts
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$18.1M 5.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$7.1M 2.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.8M 2.0K contracts
C CSS LLC/IL Institution	$2.5M 760.0 contracts
J JANE STREET GROUP, LLC Institution	$1.9M 569.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 436.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$1.1M 326.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$881.4K 265.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$322.6K 1.0 contracts

Most Committed Institutions

Institutions with UGI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
HG Vora Capital Management, LLC Hedge Fund•Event Driven	Michael Lee CFO	5.41% $39.9M	0.56% 1.2M shares	Q1 2025 Held for 8 months	$738.0M
E EDMP, INC. RIA/Wealth	Julie Cycenas Carnevale President	3.39% $4.3M	0.06% 128.7K shares	Q1 2021 Held for 4y 8m	$126.2M
SNYDER CAPITAL MANAGEMENT L P Long Only Manager	Gary Michael Rafferty CFO	3.37% $178.1M	2.49% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$5.3B
LMM LLC Long Only Manager	William Herbert Miller Chairman	3.20% $8.7M	0.12% 262.0K shares	Q1 2024 Held for 1y 8m	$272.2M
Callodine Capital Management, LP Hedge Fund•Long/Short	James Stuart Morrow CEO	1.76% $19.8M	0.28% 596.6K shares	Q4 2023 Held for 1y 11m	$1.1B
Sourcerock Group LLC Hedge Fund•Long/Short	Andrew Michael Haley COO	1.62% $23.8M	0.33% 716.1K shares	Q3 2024 Held for 1y 2m	$1.5B
St. James Investment Company, LLC Long Only Manager	Robert Joseph Mark Manager	1.24% $7.9M	0.11% 237.3K shares	Q1 2025 Held for 8 months	$636.7M
Bragg Financial Advisors, Inc RIA/Wealth	Benton Sellers Bragg CEO	1.24% $36.9M	0.52% 1.1M shares	Q1 2022 Held for 3y 8m	$3.0B
C Covalis Capital LLP Institution	-	1.16% $9.9M	0.14% 298.9K shares	Q2 2025 Held for 5 months	$856.8M
R RPG Investment Advisory, LLC Institution	-	1.13% $9.5M	0.13% 286.9K shares	Q3 2019 Held for 6y 2m	$846.5M

Hedge Fund Spotlight

Discover hedge funds investing in UGI

Scientech Research LLC

Hedge Fund • Market Neutral

Portfolio ManagerRui Wei

Portfolio Value: $283.5M
Positions: 542
Last Reported: Q3 2025

Sector Allocation

Position in UGI

Market Value: $437.8K
Shares Held: 13.2K
Portfolio Weight: 0.15%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.2M	0.77%
2 Nvidia NVDA	Semiconductors Technology	$2.0M	0.70%
3 Applovin Corporation APP	Software - Application Technology	$2.0M	0.69%