Northern Dynasty Minerals
NAK
168 hedge funds and large institutions have $206M invested in Northern Dynasty Minerals in 2025 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 39 increasing their positions, 43 reducing their positions, and 27 closing their positions.
160% more call options, than puts
Call options by funds: $24M | Put options by funds: $9.22M
99% more capital invested
Capital invested by funds: $104M → $206M (+$103M)
59% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 27
8% more funds holding
Funds holding: 155 → 168 (+13)
3.32% more ownership
Funds ownership: 15.59% → 18.91% (+3.3%)
9% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$17.3M |
| 2 |
Jane Street
New York
|
+$11.9M |
| 3 |
BCM
Bornite Capital Management
New York
|
+$10.4M |
| 4 |
Two Sigma Investments
New York
|
+$7.91M |
| 5 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$5.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WC
Wexford Capital
West Palm Beach,
Florida
|
-$3.57M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.35M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$2.56M |
| 4 |
CP
CenterBook Partners
Greenwich,
Connecticut
|
-$2.44M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.14M |
NAK Hedge Fund Activity: Q4 2025 in Review
168 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Northern Dynasty Minerals (NAK) for Q4 2025, worth a combined $206M — up 99% from $104M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new NAK positions and 27 closed out — a net gain of 16 holders — while 39 added to existing stakes and 43 trimmed.
The largest buyer was Millennium Management, adding an estimated $17.3M. The largest seller was Wexford Capital, exiting entirely with an estimated $3.57M sold.
- 168 institutional investors held Northern Dynasty Minerals (NAK) as of Q4 2025, up from 155 in Q3 2025.
- Funds reported $206M of Northern Dynasty Minerals stock for Q4 2025, up 99% quarter-over-quarter.
- 43 funds opened new Northern Dynasty Minerals positions in Q4 2025 and 27 closed out, a net change of +16 holders.
- The largest Northern Dynasty Minerals buyer in Q4 2025 was Millennium Management, an estimated $17.3M added.
- The largest Northern Dynasty Minerals seller in Q4 2025 was Wexford Capital, an estimated $3.57M sold.
Based on aggregated 13F filings for Q4 2025.