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NovaGold Resources
NG

180 hedge funds and large institutions have $546M invested in NovaGold Resources in 2025 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 59 increasing their positions, 55 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

77% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 13

5% more funds holding

Funds holding: 172 → 180 (+8)

7% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 55

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

1.84% less ownership

Funds ownership: 57.7% → 55.87% (-1.8%)

15% less capital invested

Capital invested by funds: $644M → $546M (-$97.8M)

36% less call options, than puts

Call options by funds: $481K | Put options by funds: $748K

Holders
180
Holders Change
+8
Holders Change %
+4.65%
% of All Funds
2.41%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
23
Increased
59
Reduced
55
Closed
13
Calls
$481K
Puts
$748K
Net Calls
-$267K
Net Calls Change
-$1.9M

Top Buyers

Rank Fund Capital Flow
1
KGI
Kopernik Global Investors
Florida
+$5.1M
2
ECP
Empyrean Capital Partners
California
+$4.39M
3
AA
ALPS Advisors
Colorado
+$3.02M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.86M
5
LIM
Lingotto Investment Management
United Kingdom
+$2.64M

Top Sellers

Rank Fund Capital Flow
1
First Eagle Investment Management
First Eagle Investment Management
New York
-$25.1M
2
Invesco
Invesco
Georgia
-$7.12M
3
SI
Sprott Inc
Ontario, Canada
-$4.83M
4
UBS Group
UBS Group
Switzerland
-$2.75M
5
Tudor Investment Corp
Tudor Investment Corp
Connecticut
-$1.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Nuveen
North Carolina
$2.54M +$58.5K +18,174 +2%
Raymond James Financial
27
Raymond James Financial
Florida
$2.27M +$618K +192,067 +33%
Teacher Retirement System of Texas
28
Teacher Retirement System of Texas
Texas
$2.25M -$965K -300,000 -28%
TD Asset Management
29
TD Asset Management
Ontario, Canada
$2.04M +$61.2K +19,017 +3%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$1.92M -$2.64K -821 -0.1%
American Century Companies
31
American Century Companies
Missouri
$1.8M -$37.3K -11,587 -2%
Swiss National Bank
32
Swiss National Bank
Switzerland
$1.43M -$13.2K -4,100 -0.8%
Bank of America
33
Bank of America
North Carolina
$1.37M +$711K +220,881 +89%
JP Morgan Chase
34
JP Morgan Chase
New York
$1.32M -$1.15M -358,779 -44%
GRA
35
Goehring & Rozencwajg Associates
New York
$1.3M +$27.3K +8,500 +2%
SEI Investments
36
SEI Investments
Pennsylvania
$1.3M +$238K +73,845 +20%
Susquehanna International Group
37
Susquehanna International Group
Pennsylvania
$1.22M +$622K +193,428 +86%
AllianceBernstein
38
AllianceBernstein
Tennessee
$1.19M – – –
RhumbLine Advisers
39
RhumbLine Advisers
Massachusetts
$1.14M +$31.5K +9,797 +3%
CIBC Asset Management
40
CIBC Asset Management
Ontario, Canada
$883K +$7.82K +2,430 +0.8%
GC
41
Guggenheim Capital
Illinois
$854K +$53.2K +16,534 +6%
Mirae Asset Global ETFs Holdings
42
Mirae Asset Global ETFs Holdings
Hong Kong
$846K +$15.8K +4,896 +2%
RSWM
43
Robertson Stephens Wealth Management
California
$839K +$53.7K +16,687 +6%
Point72 Asset Management
44
Point72 Asset Management
Connecticut
$807K +$889K +276,443 New
Manulife (Manufacturers Life Insurance)
45
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$774K -$90K -27,970 -10%
VA
46
Vident Advisory
Georgia
$752K +$148K +46,018 +22%
Legal & General Group
47
Legal & General Group
United Kingdom
$723K -$8.12K -2,523 -1%
National Bank of Canada
48
National Bank of Canada
Quebec, Canada
$716K -$65.5K -20,352 -8%
Deutsche Bank
49
Deutsche Bank
Germany
$594K -$67.7K -21,047 -9%
UBS AM
50
UBS AM
Illinois
$592K – – –
1
2
3 4 5

NG Hedge Fund Activity: Q1 2025 in Review

180 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q1 2025, worth a combined $546M — down 15% from $644M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NG positions and 13 closed out — a net gain of 10 holders — while 59 added to existing stakes and 55 trimmed.

The largest buyer was Kopernik Global Investors, adding an estimated $5.1M. The largest seller was First Eagle Investment Management, cutting an estimated $25.1M.

  • 180 institutional investors held NovaGold Resources (NG) as of Q1 2025, up from 172 in Q4 2024.
  • Funds reported $546M of NovaGold Resources stock for Q1 2025, down 15% quarter-over-quarter.
  • 23 funds opened new NovaGold Resources positions in Q1 2025 and 13 closed out, a net change of +10 holders.
  • The largest NovaGold Resources buyer in Q1 2025 was Kopernik Global Investors, an estimated $5.1M added.
  • The largest NovaGold Resources seller in Q1 2025 was First Eagle Investment Management, an estimated $25.1M sold.

Based on aggregated 13F filings for Q1 2025.