Fund · First Trust Natural Gas ETF · measured from SEC filings
FCG holdings
FCG reports 43 holdings and behaves like 31.6 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-06-30. The fact sheet publishes the first number; this page computes the second, and traces it across 28 quarters of filings.
Measured concentration
as of 2026-06-30Read this figure with the following in mind
2.4% of net assets is securities-lending cash collateral, excluded from the figure; counted as filed the fund would read 31.0
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 97.69% at a quoted market price (level 1), 3 issuer countries.
What stands out
as of 2026-06-30FCG's largest investment is Western Midstream Partners LP COM Unit LP INT at 4.91% of net assets. Hess Midstream LP CL A and EOG Resources Inc follow; the three together are 14.24%. Ten companies are 42.18% of the fund; the other 33 share the rest. Among the 721 equity funds measured here, FCG behaves like 31.6 holdings against a median of 42.4 — close to the median. Across 28 quarterly filings FCG has held roughly steady since 2019-09-30 (25.5 then, 31.6 now). Between the 2026-03-31 and 2026-06-30 filings 3 positions were added and 1 dropped; 8.4% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
28Between 2019-09-30 and 2026-06-30, FCG went from behaving like 25.5 equally weighted positions to 31.6 — 24% more, while its top ten went from 46.93% to 42.18% of net assets. Read across the funds on the concentration-over-time table.
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-06-30 | 43 | 31.6 | 42.18% | 4.91% |
| 2026-03-31 | 41 | 30.5 | 42.21% | 4.66% |
| 2025-12-31 | 39 | 29 | 44.58% | 4.94% |
| 2025-09-30 | 41 | 30.5 | 42.37% | 4.62% |
| 2025-06-30 | 40 | 30.2 | 42.7% | 4.68% |
| 2025-03-31 | 42 | 30.8 | 42.89% | 4.66% |
| 2024-12-31 | 43 | 31.9 | 41.64% | 4.65% |
| 2024-09-30 | 44 | 32 | 41.55% | 4.73% |
Earlier filings (20 more, back to 2019-09-30)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-06-30 | 45 | 32.4 | 41.78% | 4.99% |
| 2024-03-31 | 48 | 35.5 | 38.1% | 4.37% |
| 2023-12-31 | 51 | 37.5 | 36.6% | 4.46% |
| 2023-09-29 | 51 | 37.3 | 36.95% | 4.65% |
| 2023-06-30 | 52 | 38.3 | 34.94% | 4.54% |
| 2023-03-31 | 49 | 35.5 | 38.83% | 4.9% |
| 2022-12-30 | 52 | 36.6 | 38.29% | 4.89% |
| 2022-09-30 | 52 | 36.4 | 38.1% | 5.12% |
| 2022-06-30 | 50 | 35.5 | 39.25% | 5.08% |
| 2022-03-31 | 45 | 33.7 | 38.16% | 4.56% |
| 2021-12-31 | 44 | 32.2 | 41.41% | 5.11% |
| 2021-09-30 | 41 | 31.2 | 41.33% | 4.54% |
| 2021-06-30 | 39 | 29.9 | 42.97% | 4.83% |
| 2021-03-31 | 38 | 28.8 | 44.24% | 4.81% |
| 2020-12-31 | 33 | 27 | 45.94% | 5.04% |
| 2020-09-30 | 41 | 30.5 | 43.16% | 4.77% |
| 2020-06-30 | 44 | 31.7 | 41.95% | 5.77% |
| 2020-03-31 | 34 | 20.4 | 56.71% | 10.92% |
| 2019-12-31 | 33 | 28.3 | 43.64% | 4.5% |
| 2019-09-30 | 32 | 25.5 | 46.93% | 5.19% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
As filed, collateral included
2.36% collateralFCG's filing lists 44 positions including 2.36% of net assets in securities-lending cash collateral. Counted as filed the fund reads 31 effective holdings with a top ten of 42.17%; on its own investments — the figure above — it reads 31.6 with a top ten of 42.18%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.
Largest positions, as filed
as of 2026-06-30The 15 largest of 43 positions in FCG's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: FCG.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | WESTERN MIDSTREAM PARTNERS LP | 4.91% | 4.9% |
| 2 | HESS MIDSTREAM LP | 4.83% | 9.7% |
| 3 | EOG RESOURCES INC | 4.50% | 14.2% |
| 4 | CONOCOPHILLIPS | 4.33% | 18.6% |
| 5 | DIAMONDBACK ENERGY INC | 4.03% | 22.6% |
| 6 | EQT CORP | 4.02% | 26.6% |
| 7 | DEVON ENERGY CORP | 3.97% | 30.6% |
| 8 | EXPAND ENERGY CORP | 3.96% | 34.6% |
| 9 | OCCIDENTAL PETROLEUM CORP | 3.87% | 38.4% |
| 10 | PERMIAN RESOURCES CORP | 3.75% | 42.2% |
| 11 | OVINTIV INC | 3.57% | 45.8% |
| 12 | ANTERO RESOURCES CORP | 3.50% | 49.3% |
| 13 | APA CORP | 3.29% | 52.5% |
| 14 | RANGE RESOURCES CORP | 3.29% | 55.8% |
| 15 | MATADOR RESOURCES COMPANY | 3.09% | 58.9% |
By country of issuer
as of 2026-06-30Share of FCG's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 92.95% |
| Canada | 4.42% |
| Australia | 2.63% |
Returns the fund reported
2019-07 – 2026-06Monthly total returns from Item B.5 of FCG's own filings, 84 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: FCG.json · all funds.
Who borrows FCG's shares
2026-06-30The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-06-30, $14m was out to 8 borrowers, 2.30% of net assets. The largest, BNP PARIBAS SECURITIES CORP, held 43.3% of it.
| Borrower | On loan | Share of the loan |
|---|---|---|
| BNP PARIBAS SECURITIES CORP | $6m | 43.3% |
| BMO Capital Markets | $2m | 17.8% |
| MORGAN STANLEY & CO LLC | $2m | 15.5% |
| National Financial Services LLC | $1m | 9.0% |
| BofA Securities, Inc. | $1m | 8.1% |
Cash collateral reported against the loan: 2.36% of net assets, 102.5% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter FCG has filed, with each borrower: FCG.json · all funds.
Since the previous filing
2026-03-31 → 2026-06-3041 positions became 43: 3 added (0.8% of the fund at the later date), 1 dropped (3.9% at the earlier date). Half the sum of all weight changes, a turnover proxy: 8.4%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of FCG compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-03-31 | 2026-06-30 | Largest decreases | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| WESTERN MIDSTREAM PARTNERS LP | 3.93% | 4.91% | APA CORP | 4.10% | 3.29% |
| W & T OFFSHORE INC | 0.14% | 1.12% | OCCIDENTAL PETROLEUM CORP | 4.66% | 3.87% |
| HESS MIDSTREAM LP | 3.99% | 4.83% | SM ENERGY COMPANY | 3.23% | 2.72% |
| BKV CORP | 1.19% | 1.71% | WOODSIDE ENERGY GROUP LTD | 3.04% | 2.63% |
| OBSIDIAN ENERGY LTD | 0.39% | 0.88% | CONOCOPHILLIPS | 4.62% | 4.33% |
| EXPAND ENERGY CORP | 3.54% | 3.96% | COMSTOCK RESOURCES INC | 1.99% | 1.73% |
New: RING ENERGY INC (0.50%), GRAN TIERRA ENERGY INC (0.19%), INFINITY NATURAL RESOURCES INC (0.11%). Gone: Coterra Energy Inc (3.87%).
Asset categories and pricing
as of 2026-06-30| Asset category (as filed) | Share of investments |
|---|---|
| equity EC | 97.61% |
| repurchase agreement RA | 2.31% |
| short-term investment STIV | 0.08% |
97.7% of FCG is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of FCG (31.6). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| GEM Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF | 745 | 31.3 | 38.28% | 2026-05-31 |
| MGNR American Beacon GLG Natural Resources ETF | 40 | 31.4 | 42.2% | 2026-07-31 |
| XHB State Street(R) SPDR(R) S&P(R) Homebuilders ETF | 38 | 31.5 | 35.57% | 2026-06-30 |
| EQTY Kovitz Core Equity ETF | 40 | 31.5 | 42.26% | 2026-07-31 |
| FREL Fidelity MSCI Real Estate Index ETF | 124 | 31.6 | 47.53% | 2026-07-31 |
| FIW First Trust Water ETF | 37 | 31.7 | 40.58% | 2026-06-30 |
| UYG ProShares Ultra Financials | 92 | 31.7 * | 47.79% | 2026-05-31 |
| DWLD Davis Select Worldwide ETF | 41 | 31.7 | 43.03% | 2026-07-31 |
| HCMT Direxion HCM Tactical Enhanced US ETF | 508 | 31.8 * | 45.25% | 2026-07-31 |
| QQQM Invesco NASDAQ 100 ETF | 103 | 32 | 47.43% | 2026-05-31 |
Essays that examine FCG
0Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.