NovaGold Resources
126 hedge funds and large institutions have $723M invested in NovaGold Resources in 2017 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 39 reducing their positions, and 20 closing their positions.
7% more capital invested
Capital invested by funds: $676M → $723M (+$47.1M)
0.1% less ownership
Funds ownership: 46.3% → 46.2% (-0.1%)
3% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 39
5% less funds holding
Funds holding: 132 → 126 (-6)
15% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 20
64% less call options, than puts
Call options by funds: $1.8M | Put options by funds: $5.03M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$41.8M |
| 2 |
Morgan Stanley
New York
|
+$3.26M |
| 3 |
AA
ALPS Advisors
Denver,
Colorado
|
+$1.21M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$914K |
| 5 |
ACM
Avalon Capital Management
Port Of Redwood City,
California
|
+$880K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Steadfast Capital Management
New York
|
-$9.26M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$7.92M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$6.83M |
| 4 |
Jane Street
New York
|
-$4.13M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$2.57M |
NG Hedge Fund Activity: Q1 2017 in Review
126 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q1 2017, worth a combined $723M — up 7% from $676M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of NG and 17 opened new positions — a net loss of 3 holders — while 39 trimmed existing stakes and 38 added.
The largest buyer was VanEck Associates, adding an estimated $41.8M. The largest seller was Steadfast Capital Management, cutting an estimated $9.26M.
- 126 institutional investors held NovaGold Resources (NG) as of Q1 2017, down from 132 in Q4 2016.
- Funds reported $723M of NovaGold Resources stock for Q1 2017, up 7% quarter-over-quarter.
- 17 funds opened new NovaGold Resources positions in Q1 2017 and 20 closed out, a net change of -3 holders.
- The largest NovaGold Resources buyer in Q1 2017 was VanEck Associates, an estimated $41.8M added.
- The largest NovaGold Resources seller in Q1 2017 was Steadfast Capital Management, an estimated $9.26M sold.
Based on aggregated 13F filings for Q1 2017.