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NovaGold Resources
NG

135 hedge funds and large institutions have $764M invested in NovaGold Resources in 2016 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 41 increasing their positions, 34 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 8

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

28% more capital invested

Capital invested by funds: $598M → $764M (+$166M)

21% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 34

16% more funds holding

Funds holding: 116 → 135 (+19)

2.64% more ownership

Funds ownership: 44.76% → 47.39% (+2.6%)

8% less call options, than puts

Call options by funds: $3.88M | Put options by funds: $4.22M

Holders
135
Holders Change
+19
Holders Change %
+16.38%
% of All Funds
3.6%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
28
Increased
41
Reduced
34
Closed
8
Calls
$3.88M
Puts
$4.22M
Net Calls
-$347K
Net Calls Change
-$605K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$19.9M
2
ECP
Empyrean Capital Partners
California
+$9.12M
3
VanEck Associates
VanEck Associates
New York
+$8.24M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$5.17M
5
TAM
Tocqueville Asset Management
New York
+$4.93M

Top Sellers

1
BG
Baupost Group
Massachusetts
-$18.3M
2
KGI
Kopernik Global Investors
Florida
-$5.03M
3
Boston Partners
Boston Partners
Massachusetts
-$4.84M
4
RFC
Russell Frank Company
Washington
-$4.04M
5
GCM
Gruss Capital Management
New York
-$3.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCS
26
Levin Capital Strategies
New York
$3.78M -$1.48M -322,184 -30%
AA
27
ALPS Advisors
Colorado
$3.29M -$170K -36,829 -5%
RFC
28
Russell Frank Company
Washington
$3.04M -$4.04M -878,330 -59%
GXMC
29
Global X Management Company
New York
$2.33M +$153K +33,342 +8%
Credit Agricole
30
Credit Agricole
France
$2.22M -$73.2K -15,900 -3%
CS
31
Credit Suisse
Switzerland
$2M -$124K -27,023 -6%
Deutsche Bank
32
Deutsche Bank
Germany
$1.95M +$1.39M +302,661 +355%
GC
33
Guggenheim Capital
Illinois
$1.91M -$267K -58,060 -13%
Swiss National Bank
34
Swiss National Bank
Switzerland
$1.89M +$360K +78,300 +26%
TCGI
35
Three Corner Global Investors
New York
$1.81M +$396K +86,000 +31%
AM
36
Account Management
Massachusetts
$1.71M – – –
AIMCA
37
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.62M +$540K +117,400 +91%
SA
38
Steadfast Advisors
New York
$1.62M – – –
HI
39
HBK Investments
Texas
$1.51M +$1.18M +255,242 +566%
TAM
40
Telemark Asset Management
Massachusetts
$1.51M +$1.38M +300,000 New
BCM
41
Boyle Capital Management
Iowa
$1.35M -$35.2K -7,650 -3%
Ameriprise
42
Ameriprise
Minnesota
$1.27M +$1.16M +253,048 New
DCM
43
Driehaus Capital Management
Illinois
$1.13M +$1.03M +224,429 New
NPC
44
National Planning Corporation
California
$979K -$74.5K -16,189 -10%
Manulife (Manufacturers Life Insurance)
45
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$971K – – –
USAA
46
United Services Automobile Association
Texas
$932K – – –
HK
47
Horizon Kinetics
New York
$904K -$227K -49,278 -22%
SAMC
48
Spectrum Asset Management (California)
California
$895K – – –
AG
49
Aperio Group
California
$761K +$465K +101,082 +202%
AWA
50
Arete Wealth Advisors
Illinois
$754K -$3.74K -812 -0.5%
1
2
3 4 5

NG Hedge Fund Activity: Q1 2016 in Review

135 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q1 2016, worth a combined $764M — up 28% from $598M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new NG positions and 8 closed out — a net gain of 20 holders — while 41 added to existing stakes and 34 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $19.9M. The largest seller was Baupost Group, cutting an estimated $18.3M.

  • 135 institutional investors held NovaGold Resources (NG) as of Q1 2016, up from 116 in Q4 2015.
  • Funds reported $764M of NovaGold Resources stock for Q1 2016, up 28% quarter-over-quarter.
  • 28 funds opened new NovaGold Resources positions in Q1 2016 and 8 closed out, a net change of +20 holders.
  • The largest NovaGold Resources buyer in Q1 2016 was Fidelity Investments, an estimated $19.9M added.
  • The largest NovaGold Resources seller in Q1 2016 was Baupost Group, an estimated $18.3M sold.

Based on aggregated 13F filings for Q1 2016.