NovaGold Resources
187 hedge funds and large institutions have $555M invested in NovaGold Resources in 2024 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 70 increasing their positions, 48 reducing their positions, and 24 closing their positions.
54% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 24
46% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 48
7% more funds holding
Funds holding: 175 → 187 (+12)
1.4% less ownership
Funds ownership: 56.56% → 55.15% (-1.4%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
22% less capital invested
Capital invested by funds: $707M → $555M (-$152M)
34% less call options, than puts
Call options by funds: $785K | Put options by funds: $1.18M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCE
Bank Pictet & Cie (Europe)
Frankfurt Am Main,
Germany
|
+$11.3M |
| 2 |
PC
Paulson & Co
New York
|
+$10.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$9.19M |
| 4 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$8.37M |
| 5 |
LIM
Lingotto Investment Management
London,
United Kingdom
|
+$5.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIF
Public Investment Fund
Al Aqiq District, Riyadh,
Saudi Arabia
|
-$60.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$18.4M |
| 3 |
Morgan Stanley
New York
|
-$3.77M |
| 4 |
SVG
Sun Valley Gold
Sun Valley,
Idaho
|
-$2.57M |
| 5 |
VA
Vident Advisory
Alpharetta,
Georgia
|
-$1.45M |
NG Hedge Fund Activity: Q1 2024 in Review
187 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q1 2024, worth a combined $555M — down 22% from $707M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new NG positions and 24 closed out — a net gain of 13 holders — while 70 added to existing stakes and 48 trimmed.
The largest buyer was Bank Pictet & Cie (Europe), adding an estimated $11.3M. The largest seller was Public Investment Fund, exiting entirely with an estimated $60.4M sold.
- 187 institutional investors held NovaGold Resources (NG) as of Q1 2024, up from 175 in Q4 2023.
- Funds reported $555M of NovaGold Resources stock for Q1 2024, down 22% quarter-over-quarter.
- 37 funds opened new NovaGold Resources positions in Q1 2024 and 24 closed out, a net change of +13 holders.
- The largest NovaGold Resources buyer in Q1 2024 was Bank Pictet & Cie (Europe), an estimated $11.3M added.
- The largest NovaGold Resources seller in Q1 2024 was Public Investment Fund, an estimated $60.4M sold.
Based on aggregated 13F filings for Q1 2024.