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NovaGold Resources
NG

135 hedge funds and large institutions have $764M invested in NovaGold Resources in 2016 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 41 increasing their positions, 34 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 8

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

28% more capital invested

Capital invested by funds: $598M → $764M (+$166M)

21% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 34

16% more funds holding

Funds holding: 116 → 135 (+19)

2.64% more ownership

Funds ownership: 44.76% → 47.39% (+2.6%)

8% less call options, than puts

Call options by funds: $3.88M | Put options by funds: $4.22M

Holders
135
Holders Change
+19
Holders Change %
+16.38%
% of All Funds
3.6%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
28
Increased
41
Reduced
34
Closed
8
Calls
$3.88M
Puts
$4.22M
Net Calls
-$347K
Net Calls Change
-$605K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$19.9M
2
ECP
Empyrean Capital Partners
California
+$9.12M
3
VanEck Associates
VanEck Associates
New York
+$8.24M
4
Connor, Clark & Lunn Investment Management (CC&L)
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
+$5.17M
5
TAM
Tocqueville Asset Management
New York
+$4.93M

Top Sellers

1
BG
Baupost Group
Massachusetts
-$18.3M
2
KGI
Kopernik Global Investors
Florida
-$5.03M
3
Boston Partners
Boston Partners
Massachusetts
-$4.84M
4
RFC
Russell Frank Company
Washington
-$4.04M
5
GCM
Gruss Capital Management
New York
-$3.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
PC
1
Paulson & Co
New York
$179M -$462K -100,300 -0.3%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$105M +$19.9M +4,331,080 +26%
VanEck Associates
3
VanEck Associates
New York
$85.8M +$8.24M +1,790,533 +12%
BG
4
Baupost Group
Massachusetts
$75.6M -$18.3M -3,977,449 -21%
TAM
5
Tocqueville Asset Management
New York
$51.4M +$4.93M +1,070,200 +12%
SCM
6
Steadfast Capital Management
New York
$38.5M – – –
Connor, Clark & Lunn Investment Management (CC&L)
7
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$21M +$5.17M +1,122,100 +37%
Vanguard Group
8
Vanguard Group
Pennsylvania
$18.1M +$3.25M +705,491 +24%
Norges Bank
9
Norges Bank
Norway
$17.5M – – –
MP
10
MSD Partners
New York
$15.1M – – –
ECP
11
Empyrean Capital Partners
California
$9.98M +$9.12M +1,980,000 New
KGI
12
Kopernik Global Investors
Florida
$9.19M -$5.03M -1,092,295 -37%
Public Sector Pension Investment Board (PSP Investments)
13
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$9.16M -$406K -88,200 -5%
Wells Fargo
14
Wells Fargo
California
$8.63M +$1.02M +221,561 +15%
Teacher Retirement System of Texas
15
Teacher Retirement System of Texas
Texas
$8.57M +$3.22M +700,000 +70%
Renaissance Technologies
16
Renaissance Technologies
New York
$7.74M +$4.89M +1,061,780 +224%
ClearBridge Investments
17
ClearBridge Investments
New York
$7.21M +$3.82M +829,110 +138%
Morgan Stanley
18
Morgan Stanley
New York
$6.22M +$2.27M +494,007 +67%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$6.11M +$224K +48,697 +4%
TD Asset Management
20
TD Asset Management
Ontario, Canada
$5.36M +$98.1K +21,300 +2%
OWIM
21
Old West Investment Management
California
$4.72M -$2.18M -473,850 -34%
FRM
22
Fore Research & Management
New York
$4.54M +$4.14M +900,000 New
AA
23
Antipodean Advisors
New York
$4.27M +$3.9M +847,000 New
Arrowstreet Capital
24
Arrowstreet Capital
Massachusetts
$4.08M +$3.69M +802,200 New
Bank of Montreal
25
Bank of Montreal
Ontario, Canada
$4M +$2.45M +531,941 +203%
1
2 3 4 5

NG Hedge Fund Activity: Q1 2016 in Review

135 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q1 2016, worth a combined $764M — up 28% from $598M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new NG positions and 8 closed out — a net gain of 20 holders — while 41 added to existing stakes and 34 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $19.9M. The largest seller was Baupost Group, cutting an estimated $18.3M.

  • 135 institutional investors held NovaGold Resources (NG) as of Q1 2016, up from 116 in Q4 2015.
  • Funds reported $764M of NovaGold Resources stock for Q1 2016, up 28% quarter-over-quarter.
  • 28 funds opened new NovaGold Resources positions in Q1 2016 and 8 closed out, a net change of +20 holders.
  • The largest NovaGold Resources buyer in Q1 2016 was Fidelity Investments, an estimated $19.9M added.
  • The largest NovaGold Resources seller in Q1 2016 was Baupost Group, an estimated $18.3M sold.

Based on aggregated 13F filings for Q1 2016.