Seth Klarman’s NovaGold Resources NG Stock Holding History

Seth Klarman’s Portfolio NG Stock Details NG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-13,467,145	Closed	-$50M	–	38
2018 Q3	$50M	Hold	13,467,145	–	–	0.38%	29
2018 Q2	$59.9M	Hold	13,467,145	–	–	0.52%	24
2018 Q1	$58.3M	Buy	13,467,145 +2,724,310	+25%	+$10.9M	0.56%	22
2017 Q4	$42.2M	Buy	10,742,835 +1,242,835	+13%	+$4.94M	0.42%	24
2017 Q3	$39.1M	Hold	9,500,000	–	–	0.49%	26
2017 Q2	$43.3M	Hold	9,500,000	–	–	0.49%	27
2017 Q1	$46.3M	Hold	9,500,000	–	–	0.54%	28
2016 Q4	$43.3M	Hold	9,500,000	–	–	0.56%	29
2016 Q3	$53.2M	Hold	9,500,000	–	–	0.76%	27
2016 Q2	$58.1M	Sell	9,500,000 -5,500,000	-37%	-$32.8M	0.79%	22
2016 Q1	$75.6M	Sell	15,000,000 -3,977,449	-21%	-$18.3M	1.09%	18
2015 Q4	$79.9M	Sell	18,977,449 -2,710,851	-12%	-$10.4M	1.45%	16
2015 Q3	$78.3M	Hold	21,688,300	–	–	1.3%	19
2015 Q2	$74.2M	Hold	21,688,300	–	–	1.24%	17
2015 Q1	$64.2M	Hold	21,688,300	–	–	1.08%	18
2014 Q4	$64M	Hold	21,688,300	–	–	1.26%	17
2014 Q3	$65.7M	Hold	21,688,300	–	–	1.14%	17
2014 Q2	$91.3M	Hold	21,688,300	–	–	1.49%	12
2014 Q1	$78.3M	Hold	21,688,300	–	–	1.89%	9
2013 Q4	$55.1M	Hold	21,688,300	–	–	1.56%	10
2013 Q3	$50.3M	Hold	21,688,300	–	–	1.44%	10
2013 Q2	$45.8M	Buy	+21,688,300	New	+$54.1M	1.14%	12

Other funds holding NG

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Paulson & Co New York $2.58B AUM 68.51% 1-Year Est. Return

VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return

First Eagle Investment Management New York $59.9B AUM 27.01% 1-Year Est. Return

TAM

Tocqueville Asset Management New York $7.56B AUM 44.87% 1-Year Est. Return

LIM

Lingotto Investment Management London, United Kingdom $4.67B AUM 70.24% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

ECP

Empyrean Capital Partners Los Angeles, California $3.03B AUM 47.81% 1-Year Est. Return

MSD Partners New York $76.8M AUM 34.91% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Seth Klarman's NG Position: Q4 2018 in Review

Seth Klarman sold out of NovaGold Resources (NG) in Q4 2018, closing a stake of 13,467,145 shares — an estimated $50M sold.

Seth Klarman first reported a position in NG in Q2 2013 and held it in 22 quarters. The position peaked at $91.3M in Q2 2014. 144 funds tracked by Wall St. Rank hold NG as of Q4 2018.

Seth Klarman reported no remaining NovaGold Resources position as of Q4 2018 after selling out during the quarter.
Seth Klarman sold 13,467,145 NovaGold Resources shares in Q4 2018, an estimated $50M.
Seth Klarman first reported a position in NovaGold Resources in Q2 2013 and held it in 22 quarters.
Seth Klarman's NovaGold Resources position peaked at $91.3M in Q2 2014.
144 funds tracked by Wall St. Rank held NovaGold Resources as of Q4 2018.

Based on Baupost Group's 13F filing for Q4 2018, filed 13 Feb 2019.