NovaGold Resources
155 hedge funds and large institutions have $906M invested in NovaGold Resources in 2019 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 24 closing their positions.
135% more call options, than puts
Call options by funds: $4.24M | Put options by funds: $1.8M
67% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 24
57% more capital invested
Capital invested by funds: $578M → $906M (+$329M)
9% more funds holding
Funds holding: 142 → 155 (+13)
4.57% more ownership
Funds ownership: 42.62% → 47.19% (+4.6%)
9% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 33
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$46.2M |
| 2 |
State Street
Boston,
Massachusetts
|
+$17.1M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$4.76M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.34M |
| 5 |
Morgan Stanley
New York
|
+$3.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Moore Capital Management
New York
|
-$21.1M |
| 2 |
ClearBridge Investments
New York
|
-$3.91M |
| 3 |
Goldman Sachs
New York
|
-$2.2M |
| 4 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$1.28M |
| 5 |
LCS
Levin Capital Strategies
New York
|
-$1.2M |
NG Hedge Fund Activity: Q2 2019 in Review
155 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q2 2019, worth a combined $906M — up 57% from $578M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new NG positions and 24 closed out — a net gain of 16 holders — while 36 added to existing stakes and 33 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $46.2M. The largest seller was Moore Capital Management, exiting entirely with an estimated $21.1M sold.
- 155 institutional investors held NovaGold Resources (NG) as of Q2 2019, up from 142 in Q1 2019.
- Funds reported $906M of NovaGold Resources stock for Q2 2019, up 57% quarter-over-quarter.
- 40 funds opened new NovaGold Resources positions in Q2 2019 and 24 closed out, a net change of +16 holders.
- The largest NovaGold Resources buyer in Q2 2019 was BlackRock, an estimated $46.2M added.
- The largest NovaGold Resources seller in Q2 2019 was Moore Capital Management, an estimated $21.1M sold.
Based on aggregated 13F filings for Q2 2019.