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NovaGold Resources
NG

182 hedge funds and large institutions have $743M invested in NovaGold Resources in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 68 increasing their positions, 42 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more call options, than puts

Call options by funds: $517K | Put options by funds: $164K

62% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 42

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

21% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 19

2% more funds holding

Funds holding: 179 → 182 (+3)

0.86% more ownership

Funds ownership: 54.85% → 55.72% (+0.86%)

35% less capital invested

Capital invested by funds: $1.14B → $743M (-$395M)

Holders
182
Holders Change
+3
Holders Change %
+1.68%
% of All Funds
2.86%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
23
Increased
68
Reduced
42
Closed
19
Calls
$517K
Puts
$164K
Net Calls
+$353K
Net Calls Change
-$330K

Top Buyers

Rank Fund Capital Flow
1
KGI
Kopernik Global Investors
Florida
+$16.4M
2
SVG
Sun Valley Gold
Idaho
+$7.6M
3
BlackRock
BlackRock
New York
+$4.41M
4
JP Morgan Chase
JP Morgan Chase
New York
+$1.42M
5
UBS Group
UBS Group
Switzerland
+$1.34M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$5.64M
2
VanEck Associates
VanEck Associates
New York
-$4.08M
3
ECP
Empyrean Capital Partners
California
-$2.44M
4
Millennium Management
Millennium Management
New York
-$2.21M
5
CSS
Cubist Systematic Strategies
Connecticut
-$2.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wellington Management Group
26
Wellington Management Group
Massachusetts
$4.04M +$94.3K +17,542 +2%
JP Morgan Chase
27
JP Morgan Chase
New York
$3.35M +$1.42M +263,579 +46%
OWIM
28
Old West Investment Management
California
$3.25M +$117K +21,691 +3%
Bank of New York Mellon
29
Bank of New York Mellon
New York
$2.83M +$75.7K +14,087 +2%
UBS Group
30
UBS Group
Switzerland
$2.72M +$1.34M +248,508 +57%
TD Asset Management
31
TD Asset Management
Ontario, Canada
$2.59M +$59.9K +11,145 +2%
Charles Schwab
32
Charles Schwab
California
$2.22M +$60.8K +11,303 +2%
Swiss National Bank
33
Swiss National Bank
Switzerland
$2.19M +$237K +44,100 +9%
Public Sector Pension Investment Board (PSP Investments)
34
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.07M +$70.7K +13,146 +3%
Goldman Sachs
35
Goldman Sachs
New York
$1.69M -$1.97M -365,643 -46%
RhumbLine Advisers
36
RhumbLine Advisers
Massachusetts
$1.54M +$393K +73,064 +23%
AllianceBernstein
37
AllianceBernstein
Tennessee
$1.36M – – –
SEI Investments
38
SEI Investments
Pennsylvania
$1.28M – – –
LCS
39
Levin Capital Strategies
New York
$1.26M +$836K +155,570 +97%
GC
40
Guggenheim Capital
Illinois
$1.22M +$127K +23,603 +8%
Mirae Asset Global Investments
41
Mirae Asset Global Investments
South Korea
$1.15M +$44.8K +8,339 +3%
American Century Companies
42
American Century Companies
Missouri
$1.11M – – –
Manulife (Manufacturers Life Insurance)
43
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.07M +$17.8K +3,313 +1%
MAM
44
Martingale Asset Management
Massachusetts
$1.04M +$18.8K +3,501 +1%
CS
45
Credit Suisse
Switzerland
$1.02M +$3.58K +666 +0.3%
GRA
46
Goehring & Rozencwajg Associates
New York
$996K +$150K +27,910 +13%
RJA
47
Raymond James & Associates
Florida
$931K +$495K +92,156 +65%
Barclays
48
Barclays
United Kingdom
$899K -$157K -29,111 -11%
CIBC Asset Management
49
CIBC Asset Management
Ontario, Canada
$897K +$5.83K +1,084 +0.5%
Legal & General Group
50
Legal & General Group
United Kingdom
$854K +$135K +25,090 +13%
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NG Hedge Fund Activity: Q2 2023 in Review

182 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q2 2023, worth a combined $743M — down 35% from $1.14B a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NG positions and 19 closed out — a net gain of 4 holders — while 68 added to existing stakes and 42 trimmed.

The largest buyer was Kopernik Global Investors, adding an estimated $16.4M. The largest seller was Norges Bank, cutting an estimated $5.64M.

  • 182 institutional investors held NovaGold Resources (NG) as of Q2 2023, up from 179 in Q1 2023.
  • Funds reported $743M of NovaGold Resources stock for Q2 2023, down 35% quarter-over-quarter.
  • 23 funds opened new NovaGold Resources positions in Q2 2023 and 19 closed out, a net change of +4 holders.
  • The largest NovaGold Resources buyer in Q2 2023 was Kopernik Global Investors, an estimated $16.4M added.
  • The largest NovaGold Resources seller in Q2 2023 was Norges Bank, an estimated $5.64M sold.

Based on aggregated 13F filings for Q2 2023.