Northern Dynasty Minerals
NAK
155 hedge funds and large institutions have $104M invested in Northern Dynasty Minerals in 2025 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 54 increasing their positions, 28 reducing their positions, and 27 closing their positions.
172% more call options, than puts
Call options by funds: $10.8M | Put options by funds: $3.96M
93% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 28
29% more capital invested
Capital invested by funds: $80.5M → $104M (+$23M)
26% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 27
4.49% more ownership
Funds ownership: 11.1% → 15.59% (+4.5%)
3% more funds holding
Funds holding: 151 → 155 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.73M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$2.99M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$2.91M |
| 4 |
WC
Wexford Capital
West Palm Beach,
Florida
|
+$2.59M |
| 5 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
+$2.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$733K |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$623K |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$489K |
| 4 |
XT
XTX Topco
George Town,
Cayman Islands
|
-$454K |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$447K |
NAK Hedge Fund Activity: Q3 2025 in Review
155 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Northern Dynasty Minerals (NAK) for Q3 2025, worth a combined $104M — up 29% from $80.5M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new NAK positions and 27 closed out — a net gain of 7 holders — while 54 added to existing stakes and 28 trimmed.
The largest buyer was Millennium Management, adding an estimated $3.73M. The largest seller was Marshall Wace, exiting entirely with an estimated $733K sold.
- 155 institutional investors held Northern Dynasty Minerals (NAK) as of Q3 2025, up from 151 in Q2 2025.
- Funds reported $104M of Northern Dynasty Minerals stock for Q3 2025, up 29% quarter-over-quarter.
- 34 funds opened new Northern Dynasty Minerals positions in Q3 2025 and 27 closed out, a net change of +7 holders.
- The largest Northern Dynasty Minerals buyer in Q3 2025 was Millennium Management, an estimated $3.73M added.
- The largest Northern Dynasty Minerals seller in Q3 2025 was Marshall Wace, an estimated $733K sold.
Based on aggregated 13F filings for Q3 2025.