New Found Gold
NFGC
34 hedge funds and large institutions have $30.6M invested in New Found Gold in 2023 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 9 increasing their positions, 9 reducing their positions, and 5 closing their positions.
0% more funds holding
Funds holding: 34 → 34 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
0% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 9
0.28% less ownership
Funds ownership: 3.78% → 3.51% (-0.28%)
3% less capital invested
Capital invested by funds: $31.7M → $30.6M (-$1.1M)
28% less call options, than puts
Call options by funds: $1.13M | Put options by funds: $1.56M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PVI
Pine Valley Investments
Marlton,
New Jersey
|
+$730K |
| 2 |
Millennium Management
New York
|
+$338K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$233K |
| 4 |
Jane Street
New York
|
+$144K |
| 5 |
BCM
Bornite Capital Management
New York
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$1.66M |
| 2 |
JP Morgan Chase
New York
|
-$648K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$308K |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$260K |
| 5 |
VHAM
Van Hulzen Asset Management
El Dorado Hills,
California
|
-$135K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wolverine Trading
Chicago,
Illinois
| $50.8K | +$51.1K | +10,719 | New |
|
|
PGFC
27
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
| $50K | – | – | – |
|
|
FDCDDQ
28
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| $48.6K | – | – | – |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| $45K | -$19K | -3,980 | -30% |
|
30
National Bank of Canada
Montreal,
Quebec, Canada
| $19.6K | – | – | – |
|
|
HPC
31
HM Payson & Co
Portland,
Maine
| $14.2K | -$21.8K | -4,565 | -61% |
|
32
Group One Trading
Chicago,
Illinois
| $7.27K | -$2.67K | -559 | -28% |
|
|
PP
33
Pacifica Partners
Surrey,
Canada
| $3K | – | – | – |
|
|
FSWA
34
Financial Synergies Wealth Advisors
Houston,
Texas
| $99 | – | – | – |
|
|
35
JP Morgan Chase
New York
| – | -$648K | -129,654 | Closed |
|
|
VHAM
36
Van Hulzen Asset Management
El Dorado Hills,
California
| – | -$135K | -27,000 | Closed |
|
|
CQS
37
Credential Qtrade Securities
Vancouver,
| – | -$4.94K | -1,000 | Closed |
|
NFGC Hedge Fund Activity: Q2 2023 in Review
34 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in New Found Gold (NFGC) for Q2 2023, worth a combined $30.6M — down 3.5% from $31.7M a quarter earlier.
Fund positioning in NFGC was balanced in Q2 2023: 5 funds opened new positions, 5 closed out, 9 added to existing stakes and 9 trimmed.
The largest buyer was Pine Valley Investments, opening a new position worth an estimated $730K. The largest seller was VanEck Associates, cutting an estimated $1.66M.
- 34 institutional investors held New Found Gold (NFGC) as of Q2 2023, unchanged from Q1 2023.
- Funds reported $30.6M of New Found Gold stock for Q2 2023, down 3.5% quarter-over-quarter.
- 5 funds opened new New Found Gold positions in Q2 2023 and 5 closed out, a net change of 0 holders.
- The largest New Found Gold buyer in Q2 2023 was Pine Valley Investments, an estimated $730K added.
- The largest New Found Gold seller in Q2 2023 was VanEck Associates, an estimated $1.66M sold.
Based on aggregated 13F filings for Q2 2023.