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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
ACI
76
AMP Capital Investors
Australia
$214K +$191K +41,500 New
Millennium Management
77
Millennium Management
New York
$201K +$86.1K +18,695 +89%
D.E. Shaw & Co
78
D.E. Shaw & Co
New York
$184K -$1.9M -412,310 -92%
Cambridge Investment Research Advisors
79
Cambridge Investment Research Advisors
Iowa
$183K +$41.3K +8,968 +33%
AIG
80
American International Group
New York
$154K +$108K +23,416 +326%
Jane Street
81
Jane Street
New York
$149K +$86.7K +18,832 +175%
Citadel Advisors
82
Citadel Advisors
Florida
$142K +$130K +28,168 New
Legal & General Group
83
Legal & General Group
United Kingdom
$139K +$52K +11,300 +71%
Group One Trading
84
Group One Trading
Illinois
$137K -$236K -51,364 -65%
LPL Financial
85
LPL Financial
California
$135K +$11.5K +2,500 +11%
LCP
86
Legacy Capital Partners
Wisconsin
$132K – – –
EEG
87
E.E. Geduld
$126K – – –
VKH
88
Virtu KCG Holdings
New York
$125K -$522K -113,332 -82%
Barclays
89
Barclays
United Kingdom
$125K -$233K -50,587 -67%
LTFS
90
Ladenburg Thalmann Financial Services
Florida
$121K -$13.8K -3,000 -11%
PP
91
Paloma Partners
Connecticut
$117K – – –
JG
92
Jefferies Group
New York
$114K +$104K +22,675 New
Comerica Bank
93
Comerica Bank
Texas
$103K +$585 +127 +0.7%
TH
94
Timber Hill
Connecticut
$97K +$23.9K +5,199 +37%
CSS
95
Cubist Systematic Strategies
Connecticut
$96K -$33.3K -7,237 -27%
WAM
96
World Asset Management
Michigan
$93K +$7.21K +1,565 +9%
Creative Planning
97
Creative Planning
Kansas
$90K -$15.8K -3,441 -16%
N
98
Natixis
France
$87K – – –
RJFSA
99
Raymond James Financial Services Advisors
Florida
$85K +$77.4K +16,803 New
Commonwealth Equity Services
100
Commonwealth Equity Services
Massachusetts
$81K +$9.21K +2,000 +14%
2 3
4
5 6

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.