NovaGold Resources
131 hedge funds and large institutions have $542M invested in NovaGold Resources in 2018 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 29 increasing their positions, 37 reducing their positions, and 24 closing their positions.
29% more call options, than puts
Call options by funds: $2.18M | Put options by funds: $1.69M
0.83% less ownership
Funds ownership: 46.18% → 45.35% (-0.83%)
4% less funds holding
Funds holding: 137 → 131 (-6)
21% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 24
22% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 37
30% less capital invested
Capital invested by funds: $769M → $542M (-$227M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
+$6.25M |
| 2 |
First Eagle Investment Management
New York
|
+$5.49M |
| 3 |
Morgan Stanley
New York
|
+$3.55M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.65M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.05M |
| 2 |
PC
Polar Capital
London,
United Kingdom
|
-$6.56M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.24M |
| 4 |
Ninety One (UK)
London,
United Kingdom
|
-$2.6M |
| 5 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
-$1.98M |
NG Hedge Fund Activity: Q3 2018 in Review
131 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2018, worth a combined $542M — down 30% from $769M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of NG and 19 opened new positions — a net loss of 5 holders — while 37 trimmed existing stakes and 29 added.
The largest buyer was VanEck Associates, adding an estimated $6.25M. The largest seller was Credit Suisse, cutting an estimated $7.05M.
- 131 institutional investors held NovaGold Resources (NG) as of Q3 2018, down from 137 in Q2 2018.
- Funds reported $542M of NovaGold Resources stock for Q3 2018, down 30% quarter-over-quarter.
- 19 funds opened new NovaGold Resources positions in Q3 2018 and 24 closed out, a net change of -5 holders.
- The largest NovaGold Resources buyer in Q3 2018 was VanEck Associates, an estimated $6.25M added.
- The largest NovaGold Resources seller in Q3 2018 was Credit Suisse, an estimated $7.05M sold.
Based on aggregated 13F filings for Q3 2018.