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NovaGold Resources
NG

200 hedge funds and large institutions have $2.27B invested in NovaGold Resources in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 82 increasing their positions, 42 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more capital invested

Capital invested by funds: $1.01B → $2.27B (+$1.25B)

122% more call options, than puts

Call options by funds: $5.29M | Put options by funds: $2.38M

95% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 42

13% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 31

2.33% more ownership

Funds ownership: 60.8% → 63.13% (+2.3%)

2% more funds holding

Funds holding: 197 → 200 (+3)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
200
Holders Change
+3
Holders Change %
+1.52%
% of All Funds
2.63%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
35
Increased
82
Reduced
42
Closed
31
Calls
$5.29M
Puts
$2.38M
Net Calls
+$2.9M
Net Calls Change
+$2.47M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$28.7M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$21.4M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$19.3M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$17.2M
5
UBS Group
UBS Group
Switzerland
+$14.9M

Top Sellers

1
KGI
Kopernik Global Investors
Florida
-$36.6M
2
ECP
Empyrean Capital Partners
California
-$10.1M
3
BCM
Bornite Capital Management
New York
-$8.18M
4
GCM
Ghisallo Capital Management
Massachusetts
-$7.12M
5
Marshall Wace
Marshall Wace
United Kingdom
-$6.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
201
Ghisallo Capital Management
Massachusetts
– -$7.12M -1,741,510 Closed
Marshall Wace
202
Marshall Wace
United Kingdom
– -$6.7M -1,638,389 Closed
JP
203
JNE Partners
United Kingdom
– -$5.35M -1,307,396 Closed
Balyasny Asset Management
204
Balyasny Asset Management
Illinois
– -$2.39M -585,351 Closed
FGP
205
Freestone Grove Partners
California
– -$1.23M -300,000 Closed
Citadel Advisors
206
Citadel Advisors
Florida
– -$1.51M -246,203 Closed
UBS AM
207
UBS AM
Illinois
– -$920K -224,965 Closed
BFM
208
Boothbay Fund Management
New York
– -$865K -211,613 Closed
ACM
209
Aquatic Capital Management
Illinois
– -$754K -184,454 Closed
MCM
210
Masters Capital Management
Georgia
– -$409K -100,000 Closed
Squarepoint
211
Squarepoint
New York
– -$307K -74,952 Closed
AIMCA
212
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$235K -57,100 Closed
EGM
213
Engineers Gate Manager
New York
– -$87.2K -21,204 Closed
MG
214
Marex Group
– -$86K -21,030 Closed
IC
215
IEQ Capital
California
– -$75K -18,345 Closed
AIM
216
Aigen Investment Management
New York
– -$61.7K -15,094 Closed
CSS
217
Cubist Systematic Strategies
Connecticut
– -$59.8K -14,633 Closed
NRD
218
Nebula Research & Development
New York
– -$58.6K -14,325 Closed
Group One Trading
219
Group One Trading
Illinois
– -$86K -14,061 Closed
Commonwealth Equity Services
220
Commonwealth Equity Services
Massachusetts
– -$43K -10,400 Closed
WJWM
221
Williams Jones Wealth Management
New York
– -$40.9K -10,000 Closed
PD
222
Point72 (DIFC)
United Arab Emirates
– -$13.2K -3,217 Closed
HWA
223
HHM Wealth Advisors
Tennessee
– -$10.2K -2,500 Closed
CIAM
224
Caitong International Asset Management
Hong Kong
– -$7.04K -1,721 Closed
OP
225
ORG Partners
Indiana
– -$3.42K -825 Closed
6 7 8
9
10

NG Hedge Fund Activity: Q3 2025 in Review

200 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2025, worth a combined $2.27B — up 123% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new NG positions and 31 closed out — a net gain of 4 holders — while 82 added to existing stakes and 42 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $28.7M. The largest seller was Kopernik Global Investors, cutting an estimated $36.6M.

  • 200 institutional investors held NovaGold Resources (NG) as of Q3 2025, up from 197 in Q2 2025.
  • Funds reported $2.27B of NovaGold Resources stock for Q3 2025, up 123% quarter-over-quarter.
  • 35 funds opened new NovaGold Resources positions in Q3 2025 and 31 closed out, a net change of +4 holders.
  • The largest NovaGold Resources buyer in Q3 2025 was Fidelity Investments, an estimated $28.7M added.
  • The largest NovaGold Resources seller in Q3 2025 was Kopernik Global Investors, an estimated $36.6M sold.

Based on aggregated 13F filings for Q3 2025.