NovaGold Resources
183 hedge funds and large institutions have $775M invested in NovaGold Resources in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 56 increasing their positions, 47 reducing their positions, and 22 closing their positions.
251% more call options, than puts
Call options by funds: $1.35M | Put options by funds: $385K
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
19% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 47
18% more capital invested
Capital invested by funds: $657M → $775M (+$118M)
3% more funds holding
Funds holding: 177 → 183 (+6)
0.14% more ownership
Funds ownership: 56.6% → 56.74% (+0.14%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$19.5M |
| 2 |
LIM
Lingotto Investment Management
London,
United Kingdom
|
+$3.27M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.77M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.71M |
| 5 |
Morgan Stanley
New York
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
-$13.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.6M |
| 3 |
Amundi
Paris,
France
|
-$2.13M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$2.05M |
| 5 |
VA
Vident Advisory
Alpharetta,
Georgia
|
-$1.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IAIM
201
International Assets Investment Management
Orlando,
Florida
| – | -$3.46K | -1,000 | Closed |
|
202
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$2.42K | -700 | Closed |
|
|
MSFP
203
Mark Sheptoff Financial Planning
Glastonbury,
Connecticut
| – | -$862 | -249 | Closed |
|
|
QL
204
Quarry LP
New York
| – | -$588 | -170 | Closed |
|
|
C
205
Covestor
London,
United Kingdom
| – | -$64 | -15 | -36% |
|
NG Hedge Fund Activity: Q3 2024 in Review
183 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2024, worth a combined $775M — up 18% from $657M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new NG positions and 22 closed out — a net gain of 6 holders — while 56 added to existing stakes and 47 trimmed.
The largest buyer was First Eagle Investment Management, adding an estimated $19.5M. The largest seller was Kopernik Global Investors, cutting an estimated $13.4M.
- 183 institutional investors held NovaGold Resources (NG) as of Q3 2024, up from 177 in Q2 2024.
- Funds reported $775M of NovaGold Resources stock for Q3 2024, up 18% quarter-over-quarter.
- 28 funds opened new NovaGold Resources positions in Q3 2024 and 22 closed out, a net change of +6 holders.
- The largest NovaGold Resources buyer in Q3 2024 was First Eagle Investment Management, an estimated $19.5M added.
- The largest NovaGold Resources seller in Q3 2024 was Kopernik Global Investors, an estimated $13.4M sold.
Based on aggregated 13F filings for Q3 2024.