NovaGold Resources
132 hedge funds and large institutions have $934M invested in NovaGold Resources in 2016 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 50 increasing their positions, 40 reducing their positions, and 17 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 40
22% more capital invested
Capital invested by funds: $764M → $934M (+$169M)
2% more call options, than puts
Call options by funds: $4.56M | Put options by funds: $4.49M
0.28% more ownership
Funds ownership: 47.39% → 47.67% (+0.28%)
2% less funds holding
Funds holding: 135 → 132 (-3)
12% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 17
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$38.7M |
| 2 |
VanEck Associates
New York
|
+$18.5M |
| 3 |
First Eagle Investment Management
New York
|
+$12.4M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$10.5M |
| 5 |
ClearBridge Investments
New York
|
+$7.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Paulson & Co
New York
|
-$58.5M |
| 2 |
BG
Baupost Group
Boston,
Massachusetts
|
-$32.8M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.4M |
| 4 |
FRM
Fore Research & Management
New York
|
-$4.54M |
| 5 |
Credit Agricole
Montrouge Cedex,
France
|
-$2.22M |
NG Hedge Fund Activity: Q2 2016 in Review
132 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q2 2016, worth a combined $934M — up 22% from $764M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of NG and 15 opened new positions — a net loss of 2 holders — while 40 trimmed existing stakes and 50 added.
The largest buyer was Fidelity Investments, adding an estimated $38.7M. The largest seller was Paulson & Co, cutting an estimated $58.5M.
- 132 institutional investors held NovaGold Resources (NG) as of Q2 2016, down from 135 in Q1 2016.
- Funds reported $934M of NovaGold Resources stock for Q2 2016, up 22% quarter-over-quarter.
- 15 funds opened new NovaGold Resources positions in Q2 2016 and 17 closed out, a net change of -2 holders.
- The largest NovaGold Resources buyer in Q2 2016 was Fidelity Investments, an estimated $38.7M added.
- The largest NovaGold Resources seller in Q2 2016 was Paulson & Co, an estimated $58.5M sold.
Based on aggregated 13F filings for Q2 2016.