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NovaGold Resources
NG

200 hedge funds and large institutions have $2.27B invested in NovaGold Resources in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 82 increasing their positions, 42 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more capital invested

Capital invested by funds: $1.01B → $2.27B (+$1.25B)

122% more call options, than puts

Call options by funds: $5.29M | Put options by funds: $2.38M

95% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 42

13% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 31

2.33% more ownership

Funds ownership: 60.8% → 63.13% (+2.3%)

2% more funds holding

Funds holding: 197 → 200 (+3)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
200
Holders Change
+3
Holders Change %
+1.52%
% of All Funds
2.63%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
35
Increased
82
Reduced
42
Closed
31
Calls
$5.29M
Puts
$2.38M
Net Calls
+$2.9M
Net Calls Change
+$2.47M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$28.7M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$21.4M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$19.3M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$17.2M
5
UBS Group
UBS Group
Switzerland
+$14.9M

Top Sellers

1
KGI
Kopernik Global Investors
Florida
-$36.6M
2
ECP
Empyrean Capital Partners
California
-$10.1M
3
BCM
Bornite Capital Management
New York
-$8.18M
4
GCM
Ghisallo Capital Management
Massachusetts
-$7.12M
5
Marshall Wace
Marshall Wace
United Kingdom
-$6.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Verition Fund Management
76
Verition Fund Management
Connecticut
$849K +$590K +96,470 New
New York State Common Retirement Fund
77
New York State Common Retirement Fund
New York
$849K +$108K +17,600 +22%
Mariner
78
Mariner
Kansas
$824K +$217K +35,408 +61%
Zurich Cantonal Bank
79
Zurich Cantonal Bank
Switzerland
$811K +$57.4K +9,387 +11%
IIM
80
INTECH Investment Management
Florida
$804K -$265K -43,405 -32%
FDCDDQ
81
Federation des caisses Desjardins du Quebec
Quebec, Canada
$796K -$168K -27,491 -23%
State Board of Administration of Florida Retirement System
82
State Board of Administration of Florida Retirement System
Florida
$791K – – –
AQR Capital Management
83
AQR Capital Management
Connecticut
$789K +$43.7K +7,152 +9%
BCM
84
Brasada Capital Management
Texas
$772K +$489K +80,000 New
SFA
85
Sequoia Financial Advisors
Ohio
$731K – – –
Ohio Public Employees Retirement System (OPERS)
86
Ohio Public Employees Retirement System (OPERS)
Ohio
$652K +$7.94K +1,299 +2%
HC
87
Hara Capital
Washington
$633K – – –
CA
88
CapWealth Advisors
Tennessee
$616K +$428K +70,000 New
BNP Paribas Financial Markets
89
BNP Paribas Financial Markets
France
$611K +$201K +32,829 +90%
KIC
90
Keating Investment Counselors
Florida
$594K – – –
Pictet Asset Management
91
Pictet Asset Management
Switzerland
$528K – – –
PHS
92
Pekin Hardy Strauss
Illinois
$502K +$220K +36,000 +171%
Millennium Management
93
Millennium Management
New York
$482K -$3.31M -541,866 -91%
VOYA Investment Management
94
VOYA Investment Management
Georgia
$467K -$101K -16,520 -24%
ProShare Advisors
95
ProShare Advisors
Maryland
$456K +$4.35K +712 +1%
SFS
96
Sowell Financial Services
Arkansas
$440K – – –
QFA
97
Quattro Financial Advisors
Texas
$425K – – –
DTL
98
Dynamic Technology Lab
Singapore
$410K +$285K +46,546 New
Cetera Investment Advisers
99
Cetera Investment Advisers
Illinois
$396K +$38.1K +6,225 +16%
SWM
100
Spire Wealth Management
Virginia
$392K +$272K +44,540 New
2 3
4
5 6

NG Hedge Fund Activity: Q3 2025 in Review

200 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2025, worth a combined $2.27B — up 123% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new NG positions and 31 closed out — a net gain of 4 holders — while 82 added to existing stakes and 42 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $28.7M. The largest seller was Kopernik Global Investors, cutting an estimated $36.6M.

  • 200 institutional investors held NovaGold Resources (NG) as of Q3 2025, up from 197 in Q2 2025.
  • Funds reported $2.27B of NovaGold Resources stock for Q3 2025, up 123% quarter-over-quarter.
  • 35 funds opened new NovaGold Resources positions in Q3 2025 and 31 closed out, a net change of +4 holders.
  • The largest NovaGold Resources buyer in Q3 2025 was Fidelity Investments, an estimated $28.7M added.
  • The largest NovaGold Resources seller in Q3 2025 was Kopernik Global Investors, an estimated $36.6M sold.

Based on aggregated 13F filings for Q3 2025.