Hudson Bay Capital Management’s Northern Dynasty Minerals NAK Stock Holding History

Hudson Bay Capital Management’s Portfolio NAK Stock Details NAK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-225,000	Closed	-$443K	–	1525
2025 Q4	$443K	Buy	+225,000	New	+$434K	﹤0.01%	888
2025 Q3	–	Sell	-250,000	Closed	-$335K	–	1544
2025 Q2	$335K	Buy	+250,000	New	+$279K	﹤0.01%	1154
2018 Q1	–	Sell	-3,373,798	Closed	-$5.97M	–	825
2017 Q4	$5.97M	Buy	3,373,798 +974,429	+41%	+$1.93M	0.13%	138
2017 Q3	$4.32M	Buy	2,399,369 +321,227	+15%	+$508K	0.11%	163
2017 Q2	$2.89M	Buy	2,078,142 +938,133	+82%	+$1.5M	0.06%	282
2017 Q1	$1.63M	Buy	1,140,009 +463,812	+69%	+$953K	0.02%	522
2016 Q4	$1.4M	Buy	+676,197	New	+$786K	0.03%	419

Other funds holding NAK

KGI

Kopernik Global Investors Tampa, Florida $1.63B AUM 27.98% 1-Year Est. Return

Mirae Asset Global ETFs Holdings Causeway Bay, Hong Kong $83.9B AUM 60.43% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Russell Investments Group London, United Kingdom $114B AUM 41.71% 1-Year Est. Return

GAM Holding Zurich, Switzerland $1.31B AUM 35.17% 1-Year Est. Return

Commonwealth Equity Services Waltham, Massachusetts $79.5B AUM 27.1% 1-Year Est. Return

SAM

Stenahm Asset Management Guernsey $140M AUM 20.86% 1-Year Est. Return

Hudson Bay Capital Management's NAK Position: Q1 2026 in Review

Hudson Bay Capital Management sold out of Northern Dynasty Minerals (NAK) in Q1 2026, closing a stake of 225,000 shares — an estimated $443K sold.

Hudson Bay Capital Management first reported a position in NAK in Q4 2016 and held it in 7 quarters. The position peaked at $5.97M in Q4 2017. 194 funds tracked by Wall St. Rank hold NAK as of Q1 2026.

Hudson Bay Capital Management reported no remaining Northern Dynasty Minerals position as of Q1 2026 after selling out during the quarter.
Hudson Bay Capital Management sold 225,000 Northern Dynasty Minerals shares in Q1 2026, an estimated $443K.
Hudson Bay Capital Management first reported a position in Northern Dynasty Minerals in Q4 2016 and held it in 7 quarters.
Hudson Bay Capital Management's Northern Dynasty Minerals position peaked at $5.97M in Q4 2017.
194 funds tracked by Wall St. Rank held Northern Dynasty Minerals as of Q1 2026.

Based on Hudson Bay Capital Management's 13F filing for Q1 2026, filed 13 May 2026.