Northern Oil and Gas
355 hedge funds and large institutions have $2.81B invested in Northern Oil and Gas in 2025 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 140 increasing their positions, 132 reducing their positions, and 51 closing their positions.
90% more call options, than puts
Call options by funds: $84.7M | Put options by funds: $44.6M
1.42% more ownership
Funds ownership: 114.76% → 116.17% (+1.4%)
6% more repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 132
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 376 → 355 (-21)
13% less capital invested
Capital invested by funds: $3.22B → $2.81B (-$402M)
33% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$14.9M |
| 2 |
State Street
Boston,
Massachusetts
|
+$12.7M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$12.1M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$11.5M |
| 5 |
Morgan Stanley
New York
|
+$8.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$26.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$25.6M |
| 3 |
Squarepoint
New York
|
-$15.3M |
| 4 |
Goldman Sachs
New York
|
-$11.9M |
| 5 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$11.4M |
NOG Hedge Fund Activity: Q3 2025 in Review
355 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Northern Oil and Gas (NOG) for Q3 2025, worth a combined $2.81B — down 13% from $3.22B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of NOG and 34 opened new positions — a net loss of 17 holders — while 132 trimmed existing stakes and 140 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $14.9M. The largest seller was Jennison Associates, exiting entirely with an estimated $26.2M sold.
- 355 institutional investors held Northern Oil and Gas (NOG) as of Q3 2025, down from 376 in Q2 2025.
- Funds reported $2.81B of Northern Oil and Gas stock for Q3 2025, down 13% quarter-over-quarter.
- 34 funds opened new Northern Oil and Gas positions in Q3 2025 and 51 closed out, a net change of -17 holders.
- The largest Northern Oil and Gas buyer in Q3 2025 was D.E. Shaw & Co, an estimated $14.9M added.
- The largest Northern Oil and Gas seller in Q3 2025 was Jennison Associates, an estimated $26.2M sold.
Based on aggregated 13F filings for Q3 2025.