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NovaGold Resources
NG

200 hedge funds and large institutions have $2.27B invested in NovaGold Resources in 2025 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 82 increasing their positions, 42 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

123% more capital invested

Capital invested by funds: $1.01B → $2.27B (+$1.25B)

122% more call options, than puts

Call options by funds: $5.29M | Put options by funds: $2.38M

95% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 42

13% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 31

2.33% more ownership

Funds ownership: 60.8% → 63.13% (+2.3%)

2% more funds holding

Funds holding: 197 → 200 (+3)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
200
Holders Change
+3
Holders Change %
+1.52%
% of All Funds
2.63%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
35
Increased
82
Reduced
42
Closed
31
Calls
$5.29M
Puts
$2.38M
Net Calls
+$2.9M
Net Calls Change
+$2.47M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$28.7M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$21.4M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$19.3M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$17.2M
5
UBS Group
UBS Group
Switzerland
+$14.9M

Top Sellers

1
KGI
Kopernik Global Investors
Florida
-$36.6M
2
ECP
Empyrean Capital Partners
California
-$10.1M
3
BCM
Bornite Capital Management
New York
-$8.18M
4
GCM
Ghisallo Capital Management
Massachusetts
-$7.12M
5
Marshall Wace
Marshall Wace
United Kingdom
-$6.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
LIM
1
Lingotto Investment Management
United Kingdom
$309M +$1.28M +209,014 +0.6%
PC
2
Paulson & Co
New York
$240M – – –
BlackRock
3
BlackRock
New York
$168M +$13.9M +2,279,204 +14%
Capital World Investors
4
Capital World Investors
California
$155M +$12.2M +2,000,000 +13%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$150M +$28.7M +4,686,935 +38%
Vanguard Group
6
Vanguard Group
Pennsylvania
$129M +$17.2M +2,815,780 +24%
UBS Group
7
UBS Group
Switzerland
$120M +$14.9M +2,443,511 +22%
KGI
8
Kopernik Global Investors
Florida
$116M -$36.6M -5,977,632 -31%
First Eagle Investment Management
9
First Eagle Investment Management
New York
$104M +$39.1K +6,399 +0.1%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$75.1M +$19.3M +3,155,710 +59%
VanEck Associates
11
VanEck Associates
New York
$71.8M +$11.3M +1,842,582 +29%
BPCE
12
Bank Pictet & Cie (Europe)
Germany
$50.2M – – –
ECP
13
Empyrean Capital Partners
California
$43.1M -$10.1M -1,645,434 -25%
Teacher Retirement System of Texas
14
Teacher Retirement System of Texas
Texas
$42M – – –
State Street
15
State Street
Massachusetts
$41.8M +$2.73M +446,053 +10%
Amundi
16
Amundi
France
$37.9M -$2.36M -385,321 -9%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$32.9M +$3.66M +598,583 +19%
T. Rowe Price Associates
18
T. Rowe Price Associates
Maryland
$31.8M +$21.4M +3,494,533 +2,811%
Bank of America
19
Bank of America
North Carolina
$27.6M +$1.42M +232,206 +8%
Morgan Stanley
20
Morgan Stanley
New York
$24M -$2.01M -329,250 -11%
Goldman Sachs
21
Goldman Sachs
New York
$20.2M +$4.71M +769,710 +50%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$16M +$1.44M +234,750 +15%
Northern Trust
23
Northern Trust
Illinois
$16M +$1.88M +306,784 +20%
Bank of Montreal
24
Bank of Montreal
Ontario, Canada
$15M +$134K +21,868 +1%
AA
25
ALPS Advisors
Colorado
$14.5M +$2.48M +405,843 +33%
1
2 3 4 5

NG Hedge Fund Activity: Q3 2025 in Review

200 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in NovaGold Resources (NG) for Q3 2025, worth a combined $2.27B — up 123% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new NG positions and 31 closed out — a net gain of 4 holders — while 82 added to existing stakes and 42 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $28.7M. The largest seller was Kopernik Global Investors, cutting an estimated $36.6M.

  • 200 institutional investors held NovaGold Resources (NG) as of Q3 2025, up from 197 in Q2 2025.
  • Funds reported $2.27B of NovaGold Resources stock for Q3 2025, up 123% quarter-over-quarter.
  • 35 funds opened new NovaGold Resources positions in Q3 2025 and 31 closed out, a net change of +4 holders.
  • The largest NovaGold Resources buyer in Q3 2025 was Fidelity Investments, an estimated $28.7M added.
  • The largest NovaGold Resources seller in Q3 2025 was Kopernik Global Investors, an estimated $36.6M sold.

Based on aggregated 13F filings for Q3 2025.