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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
VF
126
Virtu Financial
New York
$186K -$262K -42,788 -67%
California State Teachers Retirement System (CalSTRS)
127
California State Teachers Retirement System (CalSTRS)
California
$184K +$33K +5,398 +35%
CWS
128
Cypress Wealth Services
California
$178K +$31 +5 +0%
ICM
129
Islay Capital Management
Texas
$176K – – –
EFS
130
Essex Financial Services
Connecticut
$167K +$116K +18,951 New
AF
131
Allworth Financial
California
$165K +$17.9K +2,932 +19%
PEAK6
132
PEAK6
Illinois
$165K +$114K +18,697 New
EF
133
Empowered Funds
Pennsylvania
$160K +$111K +18,162 New
DIA
134
Dana Investment Advisors
Wisconsin
$152K – – –
State of Wisconsin Investment Board
135
State of Wisconsin Investment Board
Wisconsin
$144K +$100K +16,345 New
SNT
136
SIG North Trading
Pennsylvania
$140K +$97.1K +15,885 New
HPC
137
HM Payson & Co
Maine
$132K +$30.6K +5,000 +50%
QCM
138
Quantinno Capital Management
New York
$129K +$90K +14,711 New
Dimensional Fund Advisors
139
Dimensional Fund Advisors
Texas
$128K -$109K -17,810 -55%
Neuberger Berman Group
140
Neuberger Berman Group
New York
$124K -$7.18K -1,174 -8%
SLAM
141
Swiss Life Asset Management
$117K +$81K +13,241 New
ISL
142
Ingalls & Snyder LLC
New York
$114K – – –
HSBC Holdings
143
HSBC Holdings
United Kingdom
$111K -$161K -26,299 -68%
Carson Wealth (CWM LLC)
144
Carson Wealth (CWM LLC)
Nebraska
$109K -$1.92K -314 -2%
PNC Financial Services Group
145
PNC Financial Services Group
Pennsylvania
$109K +$459 +75 +0.6%
AHL
146
Abel Hall LLC
Louisiana
$109K +$5.28K +863 +8%
TRCT
147
Tower Research Capital (TRC)
New York
$107K -$118K -19,341 -61%
BCV
148
Banque Cantonale Vaudoise
Switzerland
$100K +$69K +11,281 New
SI
149
Sprott Inc
Ontario, Canada
$97.1K +$3.87K +633 +6%
Stifel Financial
150
Stifel Financial
Missouri
$95.6K – – –
4 5
6
7 8

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.