NovaGold Resources
177 hedge funds and large institutions have $711M invested in NovaGold Resources in 2023 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 56 increasing their positions, 52 reducing their positions, and 25 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 52
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
0.3% less ownership
Funds ownership: 55.72% → 55.42% (-0.3%)
4% less capital invested
Capital invested by funds: $743M → $711M (-$32.5M)
3% less funds holding
Funds holding: 182 → 177 (-5)
16% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 25
83% less call options, than puts
Call options by funds: $228K | Put options by funds: $1.35M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$3.78M |
| 2 |
SVG
Sun Valley Gold
Sun Valley,
Idaho
|
+$3.71M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$2.71M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$2.24M |
| 5 |
Amundi
Paris,
France
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
-$7.05M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$4.2M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$4.13M |
| 4 |
OWIM
Old West Investment Management
Los Angeles,
California
|
-$3.25M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$1.11M |
NG Hedge Fund Activity: Q3 2023 in Review
177 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2023, worth a combined $711M — down 4.4% from $743M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of NG and 21 opened new positions — a net loss of 4 holders — while 52 trimmed existing stakes and 56 added.
The largest buyer was VanEck Associates, adding an estimated $3.78M. The largest seller was Kopernik Global Investors, cutting an estimated $7.05M.
- 177 institutional investors held NovaGold Resources (NG) as of Q3 2023, down from 182 in Q2 2023.
- Funds reported $711M of NovaGold Resources stock for Q3 2023, down 4.4% quarter-over-quarter.
- 21 funds opened new NovaGold Resources positions in Q3 2023 and 25 closed out, a net change of -4 holders.
- The largest NovaGold Resources buyer in Q3 2023 was VanEck Associates, an estimated $3.78M added.
- The largest NovaGold Resources seller in Q3 2023 was Kopernik Global Investors, an estimated $7.05M sold.
Based on aggregated 13F filings for Q3 2023.