NovaGold Resources
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$10.2M |
| 2 |
First Eagle Investment Management
New York
|
+$10.1M |
| 3 |
LIM
Lingotto Investment Management
London,
United Kingdom
|
+$5.94M |
| 4 |
BlackRock
New York
|
+$2.04M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$6.54M |
| 2 |
Two Sigma Investments
New York
|
-$3.63M |
| 3 |
Amundi
Paris,
France
|
-$2.07M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$1.71M |
| 5 |
LCS
Levin Capital Strategies
New York
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$3 | -1 | Closed |
|
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.