New Gold Inc
NGD was delisted on the 19th of March, 2026.
325 hedge funds and large institutions have $4.37B invested in New Gold Inc in 2025 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 77 increasing their positions, 110 reducing their positions, and 65 closing their positions.
781% more call options, than puts
Call options by funds: $138M | Put options by funds: $15.7M
43% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 65
34% more capital invested
Capital invested by funds: $3.25B → $4.37B (+$1.11B)
8% more funds holding
Funds holding: 302 → 325 (+23)
5.51% more ownership
Funds ownership: 57.32% → 62.84% (+5.5%)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
30% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 110
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
+$88.7M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$79.3M |
| 3 |
Millennium Management
New York
|
+$78.9M |
| 4 |
SFM
Soros Fund Management
New York
|
+$73M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$71.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$106M |
| 2 |
JP Morgan Chase
New York
|
-$99M |
| 3 |
VanEck Associates
New York
|
-$63.9M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$51.6M |
| 5 |
PFCS
Pale Fire Capital SE
Prague,
Czech Republic
|
-$44.6M |
NGD Hedge Fund Activity: Q4 2025 in Review
325 of the 8,235 institutional investors tracked by Wall St. Rank reported a position in New Gold Inc (NGD) for Q4 2025, worth a combined $4.37B — up 34% from $3.25B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new NGD positions and 65 closed out — a net gain of 28 holders — while 77 added to existing stakes and 110 trimmed.
The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $88.7M. The largest seller was Morgan Stanley, cutting an estimated $106M.
- 325 institutional investors held New Gold Inc (NGD) as of Q4 2025, up from 302 in Q3 2025.
- Funds reported $4.37B of New Gold Inc stock for Q4 2025, up 34% quarter-over-quarter.
- 93 funds opened new New Gold Inc positions in Q4 2025 and 65 closed out, a net change of +28 holders.
- The largest New Gold Inc buyer in Q4 2025 was Davidson Kempner Capital Management, an estimated $88.7M added.
- The largest New Gold Inc seller in Q4 2025 was Morgan Stanley, an estimated $106M sold.
Based on aggregated 13F filings for Q4 2025.