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NovaGold Resources
NG

115 hedge funds and large institutions have $345M invested in NovaGold Resources in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 38 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more call options, than puts

Call options by funds: $5.89M | Put options by funds: $3.23M

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.46% less ownership

Funds ownership: 36.41% → 35.95% (-0.46%)

8% less funds holding

Funds holding: 125 → 115 (-10)

13% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 38

29% less capital invested

Capital invested by funds: $487M → $345M (-$142M)

50% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 18

Holders
115
Holders Change
-10
Holders Change %
-8%
% of All Funds
3.34%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
9
Increased
33
Reduced
38
Closed
18
Calls
$5.89M
Puts
$3.23M
Net Calls
+$2.67M
Net Calls Change
+$380K

Top Buyers

1
SCM
Steadfast Capital Management
New York
+$4.65M
2
KGI
Kopernik Global Investors
Florida
+$4.42M
3
TAM
Tocqueville Asset Management
New York
+$3.26M
4
SFM
Soros Fund Management
New York
+$2.06M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$2.05M

Top Sellers

1
Norges Bank
Norges Bank
Norway
-$9.87M
2
SC
Sculptor Capital
New York
-$5.36M
3
Boston Partners
Boston Partners
Massachusetts
-$1.93M
4
Wells Fargo
Wells Fargo
California
-$1.41M
5
CSS
Cubist Systematic Strategies
Connecticut
-$847K
Name Holding Trade Value Shares
Change 		Change in
Stake
PC
1
Paulson & Co
New York
$108M – – –
BG
2
Baupost Group
Massachusetts
$65.7M – – –
TAM
3
Tocqueville Asset Management
New York
$28.8M +$3.26M +868,500 +10%
KGI
4
Kopernik Global Investors
Florida
$18.8M +$4.42M +1,179,853 +23%
SVG
5
Sun Valley Gold
Idaho
$13.7M – – –
SCM
6
Steadfast Capital Management
New York
$12.5M +$4.65M +1,239,539 +43%
Canada Pension Plan Investment Board
7
Canada Pension Plan Investment Board
Ontario, Canada
$6.68M +$2.05M +545,685 +33%
Wells Fargo
8
Wells Fargo
California
$6.67M -$1.41M -376,361 -15%
Public Sector Pension Investment Board (PSP Investments)
9
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$6.33M -$86.3K -23,000 -1%
O
10
OppenheimerFunds
New York
$6.21M +$526K +140,170 +7%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$5.84M -$170K -45,400 -2%
Teacher Retirement System of Texas
12
Teacher Retirement System of Texas
Texas
$4.54M – – –
Norges Bank
13
Norges Bank
Norway
$4.39M -$9.87M -2,632,862 -64%
LCS
14
Levin Capital Strategies
New York
$4.16M +$515K +137,200 +11%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$3.9M +$24.4K +6,501 +0.5%
Credit Agricole
16
Credit Agricole
France
$3.4M -$248K -66,155 -6%
TD Asset Management
17
TD Asset Management
Ontario, Canada
$3.22M -$292K -77,800 -7%
LC
18
Loews Corp
New York
$3.21M – – –
Susquehanna International Group
19
Susquehanna International Group
Pennsylvania
$2.57M +$241K +64,374 +8%
Bank of Montreal
20
Bank of Montreal
Ontario, Canada
$2.43M +$121K +32,298 +4%
CNB
21
City National Bank
California
$2.17M – – –
Boston Partners
22
Boston Partners
Massachusetts
$2.12M -$1.93M -514,172 -42%
GXMC
23
Global X Management Company
New York
$2.06M -$339K -90,453 -12%
RCM
24
Royal Capital Management
New York
$1.89M – – –
HK
25
Horizon Kinetics
New York
$1.73M +$268K +71,486 +14%
1
2 3 4 5

NG Hedge Fund Activity: Q3 2014 in Review

115 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2014, worth a combined $345M — down 29% from $487M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of NG and 9 opened new positions — a net loss of 9 holders — while 38 trimmed existing stakes and 33 added.

The largest buyer was Steadfast Capital Management, adding an estimated $4.65M. The largest seller was Norges Bank, cutting an estimated $9.87M.

  • 115 institutional investors held NovaGold Resources (NG) as of Q3 2014, down from 125 in Q2 2014.
  • Funds reported $345M of NovaGold Resources stock for Q3 2014, down 29% quarter-over-quarter.
  • 9 funds opened new NovaGold Resources positions in Q3 2014 and 18 closed out, a net change of -9 holders.
  • The largest NovaGold Resources buyer in Q3 2014 was Steadfast Capital Management, an estimated $4.65M added.
  • The largest NovaGold Resources seller in Q3 2014 was Norges Bank, an estimated $9.87M sold.

Based on aggregated 13F filings for Q3 2014.