NovaGold Resources
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$5.1M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$4.39M |
| 3 |
AA
ALPS Advisors
Denver,
Colorado
|
+$3.02M |
| 4 |
D.E. Shaw & Co
New York
|
+$2.86M |
| 5 |
LIM
Lingotto Investment Management
London,
United Kingdom
|
+$2.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
-$25.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$7.12M |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$4.83M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$2.75M |
| 5 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$1.71M |
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.