New Found Gold
NFGC
40 hedge funds and large institutions have $22.8M invested in New Found Gold in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
8% more funds holding
Funds holding: 37 → 40 (+3)
0.2% more ownership
Funds ownership: 3.26% → 3.46% (+0.2%)
6% less capital invested
Capital invested by funds: $24.2M → $22.8M (-$1.41M)
45% less call options, than puts
Call options by funds: $357K | Put options by funds: $650K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$1.32M |
| 2 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$689K |
| 3 |
Millennium Management
New York
|
+$300K |
| 4 |
Renaissance Technologies
New York
|
+$298K |
| 5 |
Jane Street
New York
|
+$248K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSA
Leonteq Securities AG
Zurich,
Switzerland
|
-$459K |
| 2 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$347K |
| 3 |
BCM
Bornite Capital Management
New York
|
-$140K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$118K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$108K |
NFGC Hedge Fund Activity: Q4 2023 in Review
40 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in New Found Gold (NFGC) for Q4 2023, worth a combined $22.8M — down 5.8% from $24.2M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NFGC positions and 6 closed out — a net gain of 3 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was VanEck Associates, adding an estimated $1.32M. The largest seller was Leonteq Securities AG, exiting entirely with an estimated $459K sold.
- 40 institutional investors held New Found Gold (NFGC) as of Q4 2023, up from 37 in Q3 2023.
- Funds reported $22.8M of New Found Gold stock for Q4 2023, down 5.8% quarter-over-quarter.
- 9 funds opened new New Found Gold positions in Q4 2023 and 6 closed out, a net change of +3 holders.
- The largest New Found Gold buyer in Q4 2023 was VanEck Associates, an estimated $1.32M added.
- The largest New Found Gold seller in Q4 2023 was Leonteq Securities AG, an estimated $459K sold.
Based on aggregated 13F filings for Q4 2023.