NovaGold Resources
137 hedge funds and large institutions have $642M invested in NovaGold Resources in 2017 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 13 closing their positions.
85% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 13
9% more funds holding
Funds holding: 126 → 137 (+11)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 36
2.38% less ownership
Funds ownership: 46.2% → 43.82% (-2.4%)
11% less capital invested
Capital invested by funds: $723M → $642M (-$81.4M)
34% less call options, than puts
Call options by funds: $2.51M | Put options by funds: $3.81M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PE
Point72 Europe
London,
United Kingdom
|
+$10.9M |
| 2 |
Millennium Management
New York
|
+$9.22M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$7.87M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$6.3M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$82.5M |
| 2 |
Morgan Stanley
New York
|
-$2.76M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.76M |
| 4 |
JP Morgan Chase
New York
|
-$1.61M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$1.07M |
NG Hedge Fund Activity: Q2 2017 in Review
137 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q2 2017, worth a combined $642M — down 11% from $723M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NG positions and 13 closed out — a net gain of 11 holders — while 35 added to existing stakes and 36 trimmed.
The largest buyer was Point72 Europe, opening a new position worth an estimated $10.9M. The largest seller was VanEck Associates, cutting an estimated $82.5M.
- 137 institutional investors held NovaGold Resources (NG) as of Q2 2017, up from 126 in Q1 2017.
- Funds reported $642M of NovaGold Resources stock for Q2 2017, down 11% quarter-over-quarter.
- 24 funds opened new NovaGold Resources positions in Q2 2017 and 13 closed out, a net change of +11 holders.
- The largest NovaGold Resources buyer in Q2 2017 was Point72 Europe, an estimated $10.9M added.
- The largest NovaGold Resources seller in Q2 2017 was VanEck Associates, an estimated $82.5M sold.
Based on aggregated 13F filings for Q2 2017.