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Northern Oil and Gas
NOG

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
355
Holders Change
-21
Holders Change %
-5.59%
% of All Funds
4.66%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
34
Increased
140
Reduced
132
Closed
51
Calls
$84.7M
Puts
$44.6M
Net Calls
+$40.1M
Net Calls Change
-$17.3M

Top Buyers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$14.9M
2
State Street
State Street
Massachusetts
+$12.7M
3
BCM
Bridgeway Capital Management
Texas
+$12.1M
4
Nomura Holdings
Nomura Holdings
Japan
+$11.5M
5
Morgan Stanley
Morgan Stanley
New York
+$8.65M

Top Sellers

1
Jennison Associates
Jennison Associates
New York
-$26.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$25.6M
3
Squarepoint
Squarepoint
New York
-$15.3M
4
Goldman Sachs
Goldman Sachs
New York
-$11.9M
5
Aberdeen Group
Aberdeen Group
United Kingdom
-$11.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
376
Teza Capital Management
Illinois
– -$449K -15,853 Closed
MYIA
377
Mount Yale Investment Advisors
Colorado
– -$364K -12,843 Closed
EI
378
Ellevest Inc
New York
– -$334K -11,798 Closed
FIM
379
Freedom Investment Management
Connecticut
– -$324K -11,440 Closed
PCM
380
Portolan Capital Management
Massachusetts
– -$306K -10,777 Closed
JIR
381
James Investment Research
Ohio
– -$299K -10,563 Closed
PD
382
Point72 (DIFC)
United Arab Emirates
– -$296K -10,428 Closed
VRS
383
Virginia Retirement Systems
Virginia
– -$275K -9,700 Closed
HSBC Holdings
384
HSBC Holdings
United Kingdom
– -$271K -9,524 Closed
PCA
385
Pallas Capital Advisors
Massachusetts
– -$253K -8,914 Closed
SPA
386
Sherbrooke Park Advisers
New York
– -$233K -8,232 Closed
IWC
387
Integrated Wealth Concepts
Massachusetts
– -$217K -7,665 Closed
X
388
Xponance
Pennsylvania
– -$216K -7,623 Closed
Universal-Beteiligungs- und Servicegesellschaft
389
Universal-Beteiligungs- und Servicegesellschaft
Germany
– -$214K -7,537 Closed
PHK
390
Point72 Hong Kong
Hong Kong
– -$189K -6,679 Closed
PAS
391
Point72 Asia (Singapore)
Singapore
– -$179K -6,303 Closed
BIG
392
Brooklyn Investment Group
New York
– -$62.7K -2,211 Closed
TSMHT
393
Thurston Springer Miller Herd & Titak
Indiana
– -$43K -1,514 Closed
JFG
394
Jefferies Financial Group
New York
– -$35.4K -1,334 Closed
SO
395
STRS Ohio
Ohio
– -$28.4K -1,000 Closed
BG
396
Bollard Group
Massachusetts
– -$17K -589 Closed
SO
397
Sierra Ocean
California
– -$9.92K -350 Closed
GWSA
398
Global Wealth Strategies & Associates
Colorado
– -$5.67K -200 Closed
TPWA
399
Twin Peaks Wealth Advisors
California
– -$2.85K -116 Closed
WSFS
400
Wilmington Savings Fund Society
Delaware
– -$2.75K -97 Closed
13 14 15
16
17

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.