NovaGold Resources
175 hedge funds and large institutions have $707M invested in NovaGold Resources in 2023 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 63 increasing their positions, 52 reducing their positions, and 21 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 52
1.14% more ownership
Funds ownership: 55.42% → 56.56% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
1% less capital invested
Capital invested by funds: $711M → $707M (-$4.28M)
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
1% less funds holding
Funds holding: 177 → 175 (-2)
53% less call options, than puts
Call options by funds: $574K | Put options by funds: $1.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.06M |
| 2 |
PC
Paulson & Co
New York
|
+$4.94M |
| 3 |
BlackRock
New York
|
+$3.62M |
| 4 |
Barclays
London,
United Kingdom
|
+$3.04M |
| 5 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$2.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SVG
Sun Valley Gold
Sun Valley,
Idaho
|
-$6.04M |
| 2 |
AA
ALPS Advisors
Denver,
Colorado
|
-$3.73M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.13M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$2.03M |
| 5 |
JP Morgan Chase
New York
|
-$1.36M |
NG Hedge Fund Activity: Q4 2023 in Review
175 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q4 2023, worth a combined $707M — down 0.6% from $711M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of NG and 20 opened new positions — a net loss of 1 holder — while 52 trimmed existing stakes and 63 added.
The largest buyer was Morgan Stanley, adding an estimated $5.06M. The largest seller was Sun Valley Gold, cutting an estimated $6.04M.
- 175 institutional investors held NovaGold Resources (NG) as of Q4 2023, down from 177 in Q3 2023.
- Funds reported $707M of NovaGold Resources stock for Q4 2023, down 0.6% quarter-over-quarter.
- 20 funds opened new NovaGold Resources positions in Q4 2023 and 21 closed out, a net change of -1 holder.
- The largest NovaGold Resources buyer in Q4 2023 was Morgan Stanley, an estimated $5.06M added.
- The largest NovaGold Resources seller in Q4 2023 was Sun Valley Gold, an estimated $6.04M sold.
Based on aggregated 13F filings for Q4 2023.