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NovaGold Resources
NG

177 hedge funds and large institutions have $657M invested in NovaGold Resources in 2024 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 63 increasing their positions, 49 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 49

19% more capital invested

Capital invested by funds: $555M → $657M (+$103M)

1.44% more ownership

Funds ownership: 55.15% → 56.6% (+1.4%)

5% less funds holding

Funds holding: 187 → 177 (-10)

19% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 26

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

51% less call options, than puts

Call options by funds: $775K | Put options by funds: $1.6M

Holders
177
Holders Change
-10
Holders Change %
-5.35%
% of All Funds
2.56%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
21
Increased
63
Reduced
49
Closed
26
Calls
$775K
Puts
$1.6M
Net Calls
-$821K
Net Calls Change
-$425K

Top Buyers

Rank Fund Capital Flow
1
KGI
Kopernik Global Investors
Florida
+$10.2M
2
First Eagle Investment Management
First Eagle Investment Management
New York
+$10.1M
3
LIM
Lingotto Investment Management
United Kingdom
+$5.94M
4
BlackRock
BlackRock
New York
+$2.04M
5
American Century Companies
American Century Companies
Missouri
+$1.92M

Top Sellers

Rank Fund Capital Flow
1
VanEck Associates
VanEck Associates
New York
-$6.54M
2
Two Sigma Investments
Two Sigma Investments
New York
-$3.63M
3
Amundi
Amundi
France
-$2.07M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$1.71M
5
LCS
Levin Capital Strategies
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
HNB
151
Huntington National Bank
Ohio
$8.04K – – –
RWM
152
Ruedi Wealth Management
Illinois
$7.27K – – –
LI
153
LRI Investments
Florida
$6.92K – – –
MIM
154
Macroview Investment Management
Maryland
$6.92K – – –
EFP
155
EnRich Financial Partners
Wisconsin
$5.92K – – –
AF
156
Advisornet Financial
Minnesota
$5.6K – – –
LC
157
Lindbrook Capital
California
$5.1K +$567 +171 +13%
US Bancorp
158
US Bancorp
Minnesota
$4.64K -$6.11K -1,842 -58%
TWC
159
TD Waterhouse Canada
Ontario, Canada
$4.44K – – –
PA
160
Parallel Advisors
California
$4.26K +$2.3K +692 +128%
IAIM
161
International Assets Investment Management
Florida
$3.46K +$3.32K +1,000 New
MPWT
162
MassMutual Private Wealth & Trust
Connecticut
$2.8K +$3 +1 +0.1%
Fifth Third Bancorp
163
Fifth Third Bancorp
Ohio
$2.42K +$2.32K +700 New
GRP
164
Global Retirement Partners
California
$1.73K +$995 +300 +150%
SPIA
165
Steward Partners Investment Advisory
New York
$1.38K – – –
HI
166
Harbour Investments
Wisconsin
$1.04K – – –
BCMLT
167
Beacon Capital Management LLC (Tennessee)
Tennessee
$986 – – –
MSFP
168
Mark Sheptoff Financial Planning
Connecticut
$862 – – –
SS
169
Sunbelt Securities
Texas
$692 – – –
PWMG
170
Private Wealth Management Group
New Jersey
$675 – – –
SAM
171
Smartleaf Asset Management
Massachusetts
$613 +$561 +169 New
QL
172
Quarry LP
New York
$588 -$856 -258 -60%
EWA
173
EverSource Wealth Advisors
Alabama
$531 +$232 +70 +171%
NA
174
NewEdge Advisors
Louisiana
$298 -$232 -70 -45%
FFA
175
Farther Finance Advisors
California
$282 +$70 +21 +34%
5 6
7
8 9

NG Hedge Fund Activity: Q2 2024 in Review

177 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q2 2024, worth a combined $657M — up 19% from $555M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of NG and 21 opened new positions — a net loss of 5 holders — while 49 trimmed existing stakes and 63 added.

The largest buyer was Kopernik Global Investors, adding an estimated $10.2M. The largest seller was VanEck Associates, cutting an estimated $6.54M.

  • 177 institutional investors held NovaGold Resources (NG) as of Q2 2024, down from 187 in Q1 2024.
  • Funds reported $657M of NovaGold Resources stock for Q2 2024, up 19% quarter-over-quarter.
  • 21 funds opened new NovaGold Resources positions in Q2 2024 and 26 closed out, a net change of -5 holders.
  • The largest NovaGold Resources buyer in Q2 2024 was Kopernik Global Investors, an estimated $10.2M added.
  • The largest NovaGold Resources seller in Q2 2024 was VanEck Associates, an estimated $6.54M sold.

Based on aggregated 13F filings for Q2 2024.