NovaGold Resources
182 hedge funds and large institutions have $743M invested in NovaGold Resources in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 68 increasing their positions, 42 reducing their positions, and 19 closing their positions.
215% more call options, than puts
Call options by funds: $517K | Put options by funds: $164K
62% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 42
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
21% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 19
2% more funds holding
Funds holding: 179 → 182 (+3)
0.86% more ownership
Funds ownership: 54.85% → 55.72% (+0.86%)
35% less capital invested
Capital invested by funds: $1.14B → $743M (-$395M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$16.4M |
| 2 |
SVG
Sun Valley Gold
Sun Valley,
Idaho
|
+$7.6M |
| 3 |
BlackRock
New York
|
+$4.41M |
| 4 |
JP Morgan Chase
New York
|
+$1.42M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$5.64M |
| 2 |
VanEck Associates
New York
|
-$4.08M |
| 3 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$2.44M |
| 4 |
Millennium Management
New York
|
-$2.21M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$2.1M |
NG Hedge Fund Activity: Q2 2023 in Review
182 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q2 2023, worth a combined $743M — down 35% from $1.14B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NG positions and 19 closed out — a net gain of 4 holders — while 68 added to existing stakes and 42 trimmed.
The largest buyer was Kopernik Global Investors, adding an estimated $16.4M. The largest seller was Norges Bank, cutting an estimated $5.64M.
- 182 institutional investors held NovaGold Resources (NG) as of Q2 2023, up from 179 in Q1 2023.
- Funds reported $743M of NovaGold Resources stock for Q2 2023, down 35% quarter-over-quarter.
- 23 funds opened new NovaGold Resources positions in Q2 2023 and 19 closed out, a net change of +4 holders.
- The largest NovaGold Resources buyer in Q2 2023 was Kopernik Global Investors, an estimated $16.4M added.
- The largest NovaGold Resources seller in Q2 2023 was Norges Bank, an estimated $5.64M sold.
Based on aggregated 13F filings for Q2 2023.