Northern Dynasty Minerals
NAK
151 hedge funds and large institutions have $80.5M invested in Northern Dynasty Minerals in 2025 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 43 increasing their positions, 30 reducing their positions, and 17 closing their positions.
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
74% more call options, than puts
Call options by funds: $6.18M | Put options by funds: $3.54M
43% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 30
31% more capital invested
Capital invested by funds: $61.7M → $80.5M (+$18.8M)
9% more funds holding
Funds holding: 139 → 151 (+12)
1.12% more ownership
Funds ownership: 9.98% → 11.1% (+1.1%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$14.1M |
| 2 |
GH
GAM Holding
Zurich,
Switzerland
|
+$3.13M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$946K |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$821K |
| 5 |
WC
Wexford Capital
West Palm Beach,
Florida
|
+$635K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAG
Journey Advisory Group
Covington,
Kentucky
|
-$4.26M |
| 2 |
PP
Praetorian PR
Rincon,
Puerto Rico
|
-$1.96M |
| 3 |
MG
Marex Group
London,
|
-$1.93M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$1.63M |
| 5 |
AA
ALPS Advisors
Denver,
Colorado
|
-$1.5M |
NAK Hedge Fund Activity: Q2 2025 in Review
151 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Northern Dynasty Minerals (NAK) for Q2 2025, worth a combined $80.5M — up 31% from $61.7M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new NAK positions and 17 closed out — a net gain of 13 holders — while 43 added to existing stakes and 30 trimmed.
The largest buyer was Mirae Asset Global ETFs Holdings, opening a new position worth an estimated $14.1M. The largest seller was Journey Advisory Group, exiting entirely with an estimated $4.26M sold.
- 151 institutional investors held Northern Dynasty Minerals (NAK) as of Q2 2025, up from 139 in Q1 2025.
- Funds reported $80.5M of Northern Dynasty Minerals stock for Q2 2025, up 31% quarter-over-quarter.
- 30 funds opened new Northern Dynasty Minerals positions in Q2 2025 and 17 closed out, a net change of +13 holders.
- The largest Northern Dynasty Minerals buyer in Q2 2025 was Mirae Asset Global ETFs Holdings, an estimated $14.1M added.
- The largest Northern Dynasty Minerals seller in Q2 2025 was Journey Advisory Group, an estimated $4.26M sold.
Based on aggregated 13F filings for Q2 2025.