Northern Dynasty Minerals
NAK
139 hedge funds and large institutions have $61.7M invested in Northern Dynasty Minerals in 2025 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 28 increasing their positions, 23 reducing their positions, and 9 closing their positions.
322% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 9
74% more capital invested
Capital invested by funds: $35.4M → $61.7M (+$26.2M)
36% more call options, than puts
Call options by funds: $2.26M | Put options by funds: $1.67M
24% more funds holding
Funds holding: 112 → 139 (+27)
22% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 23
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.34% less ownership
Funds ownership: 11.32% → 9.98% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAG
Journey Advisory Group
Covington,
Kentucky
|
+$2.7M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$1.46M |
| 3 |
MG
Marex Group
London,
|
+$1.28M |
| 4 |
PP
Praetorian PR
Rincon,
Puerto Rico
|
+$1.24M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$737K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
-$8.59M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$3.35M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.89M |
| 4 |
CC
Cadinha & Co
Honolulu,
Hawaii
|
-$871K |
| 5 |
DIG
Dauntless Investment Group
Etna,
New Hampshire
|
-$831K |
NAK Hedge Fund Activity: Q1 2025 in Review
139 of the 7,473 institutional investors tracked by Wall St. Rank reported a position in Northern Dynasty Minerals (NAK) for Q1 2025, worth a combined $61.7M — up 74% from $35.4M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new NAK positions and 9 closed out — a net gain of 29 holders — while 28 added to existing stakes and 23 trimmed.
The largest buyer was Journey Advisory Group, opening a new position worth an estimated $2.7M. The largest seller was Kopernik Global Investors, cutting an estimated $8.59M.
- 139 institutional investors held Northern Dynasty Minerals (NAK) as of Q1 2025, up from 112 in Q4 2024.
- Funds reported $61.7M of Northern Dynasty Minerals stock for Q1 2025, up 74% quarter-over-quarter.
- 38 funds opened new Northern Dynasty Minerals positions in Q1 2025 and 9 closed out, a net change of +29 holders.
- The largest Northern Dynasty Minerals buyer in Q1 2025 was Journey Advisory Group, an estimated $2.7M added.
- The largest Northern Dynasty Minerals seller in Q1 2025 was Kopernik Global Investors, an estimated $8.59M sold.
Based on aggregated 13F filings for Q1 2025.