New Found Gold
NFGC
34 hedge funds and large institutions have $31.7M invested in New Found Gold in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 7 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 7
52% more capital invested
Capital invested by funds: $20.8M → $31.7M (+$10.9M)
0.72% more ownership
Funds ownership: 3.06% → 3.78% (+0.72%)
13% less funds holding
Funds holding: 39 → 34 (-5)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
67% less call options, than puts
Call options by funds: $422K | Put options by funds: $1.28M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$5.44M |
| 2 |
JP Morgan Chase
New York
|
+$480K |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$348K |
| 4 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
+$276K |
| 5 |
SL
Sentinus LLC
Oak Brook,
Illinois
|
+$69.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$756K |
| 2 |
Millennium Management
New York
|
-$556K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$173K |
| 4 |
VF
Virtu Financial
New York
|
-$161K |
| 5 |
Jane Street
New York
|
-$144K |
NFGC Hedge Fund Activity: Q1 2023 in Review
34 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in New Found Gold (NFGC) for Q1 2023, worth a combined $31.7M — up 52% from $20.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NFGC and 4 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 14 added.
The largest buyer was VanEck Associates, adding an estimated $5.44M. The largest seller was CIBC World Market, cutting an estimated $756K.
- 34 institutional investors held New Found Gold (NFGC) as of Q1 2023, down from 39 in Q4 2022.
- Funds reported $31.7M of New Found Gold stock for Q1 2023, up 52% quarter-over-quarter.
- 4 funds opened new New Found Gold positions in Q1 2023 and 7 closed out, a net change of -3 holders.
- The largest New Found Gold buyer in Q1 2023 was VanEck Associates, an estimated $5.44M added.
- The largest New Found Gold seller in Q1 2023 was CIBC World Market, an estimated $756K sold.
Based on aggregated 13F filings for Q1 2023.