New Found Gold
NFGC
40 hedge funds and large institutions have $24M invested in New Found Gold in 2024 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 9 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
5% more capital invested
Capital invested by funds: $22.8M → $24M (+$1.21M)
0% more funds holding
Funds holding: 40 → 40 (0)
0.02% less ownership
Funds ownership: 3.46% → 3.44% (-0.02%)
30% less call options, than puts
Call options by funds: $457K | Put options by funds: $650K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$312K |
| 2 |
VanEck Associates
New York
|
+$231K |
| 3 |
Millennium Management
New York
|
+$207K |
| 4 |
VF
Virtu Financial
New York
|
+$168K |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$152K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$275K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$220K |
| 3 |
RG
Rathbones Group
Liverpool,
United Kingdom
|
-$172K |
| 4 |
IAN
Integrated Advisors Network
Dallas,
Texas
|
-$150K |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$131K |
NFGC Hedge Fund Activity: Q1 2024 in Review
40 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in New Found Gold (NFGC) for Q1 2024, worth a combined $24M — up 5.3% from $22.8M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NFGC positions and 9 closed out — a net gain of 1 holder — while 14 added to existing stakes and 10 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $312K. The largest seller was Renaissance Technologies, exiting entirely with an estimated $275K sold.
- 40 institutional investors held New Found Gold (NFGC) as of Q1 2024, unchanged from Q4 2023.
- Funds reported $24M of New Found Gold stock for Q1 2024, up 5.3% quarter-over-quarter.
- 10 funds opened new New Found Gold positions in Q1 2024 and 9 closed out, a net change of +1 holder.
- The largest New Found Gold buyer in Q1 2024 was Invesco, an estimated $312K added.
- The largest New Found Gold seller in Q1 2024 was Renaissance Technologies, an estimated $275K sold.
Based on aggregated 13F filings for Q1 2024.