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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
HFS
401
Hughes Financial Services
Virginia
– -$1.13K -45 Closed
WA
402
Whipplewood Advisors
Colorado
– -$992 -35 Closed
SC
403
Stephens Consulting
Michigan
– -$964 -34 Closed
CAL
404
Capital Advisors Ltd
Ohio
– -$159 -6 -60%
HWM
405
Hemington Wealth Management
Virginia
– -$27 -1 -3%
CCM
406
Cloud Capital Management
Washington
– +$424 +16 New
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.