NovaGold Resources
135 hedge funds and large institutions have $825M invested in NovaGold Resources in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 37 increasing their positions, 48 reducing their positions, and 18 closing their positions.
28% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 18
2% more funds holding
Funds holding: 132 → 135 (+3)
1.36% less ownership
Funds ownership: 47.67% → 46.31% (-1.4%)
12% less capital invested
Capital invested by funds: $934M → $825M (-$109M)
23% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 48
38% less call options, than puts
Call options by funds: $3.44M | Put options by funds: $5.51M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$41.6M |
| 2 |
JP Morgan Chase
New York
|
+$3.21M |
| 3 |
First Eagle Investment Management
New York
|
+$2.58M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$2.49M |
| 5 |
BBP
Banco BTG Pactual
Rio De Janeiro,
Brazil
|
+$1.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$28M |
| 2 |
Renaissance Technologies
New York
|
-$7.45M |
| 3 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$6.36M |
| 4 |
TAM
Tocqueville Asset Management
New York
|
-$5.57M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.48M |
NG Hedge Fund Activity: Q3 2016 in Review
135 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2016, worth a combined $825M — down 12% from $934M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NG positions and 18 closed out — a net gain of 5 holders — while 37 added to existing stakes and 48 trimmed.
The largest buyer was VanEck Associates, adding an estimated $41.6M. The largest seller was Fidelity Investments, cutting an estimated $28M.
- 135 institutional investors held NovaGold Resources (NG) as of Q3 2016, up from 132 in Q2 2016.
- Funds reported $825M of NovaGold Resources stock for Q3 2016, down 12% quarter-over-quarter.
- 23 funds opened new NovaGold Resources positions in Q3 2016 and 18 closed out, a net change of +5 holders.
- The largest NovaGold Resources buyer in Q3 2016 was VanEck Associates, an estimated $41.6M added.
- The largest NovaGold Resources seller in Q3 2016 was Fidelity Investments, an estimated $28M sold.
Based on aggregated 13F filings for Q3 2016.