NovaGold Resources
179 hedge funds and large institutions have $1.14B invested in NovaGold Resources in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 23 closing their positions.
444% more call options, than puts
Call options by funds: $837K | Put options by funds: $154K
39% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 44
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.33% less ownership
Funds ownership: 55.18% → 54.85% (-0.33%)
1% less capital invested
Capital invested by funds: $1.14B → $1.14B (-$6.58M)
4% less funds holding
Funds holding: 187 → 179 (-8)
26% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$3.3M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$2.99M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.76M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$1.55M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DPRC
Deer Park Road Corp
Steamboat Springs,
Colorado
|
-$10.8M |
| 2 |
VanEck Associates
New York
|
-$4.11M |
| 3 |
JP
JNE Partners
London,
United Kingdom
|
-$3.94M |
| 4 |
Renaissance Technologies
New York
|
-$1.95M |
| 5 |
First Eagle Investment Management
New York
|
-$1.28M |
NG Hedge Fund Activity: Q1 2023 in Review
179 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q1 2023, worth a combined $1.14B — down 0.57% from $1.14B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of NG and 17 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 61 added.
The largest buyer was Millennium Management, adding an estimated $3.3M. The largest seller was Deer Park Road Corp, exiting entirely with an estimated $10.8M sold.
- 179 institutional investors held NovaGold Resources (NG) as of Q1 2023, down from 187 in Q4 2022.
- Funds reported $1.14B of NovaGold Resources stock for Q1 2023, down 0.57% quarter-over-quarter.
- 17 funds opened new NovaGold Resources positions in Q1 2023 and 23 closed out, a net change of -6 holders.
- The largest NovaGold Resources buyer in Q1 2023 was Millennium Management, an estimated $3.3M added.
- The largest NovaGold Resources seller in Q1 2023 was Deer Park Road Corp, an estimated $10.8M sold.
Based on aggregated 13F filings for Q1 2023.