Northern Oil and Gas
315 hedge funds and large institutions have $2.32B invested in Northern Oil and Gas in 2025 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 108 increasing their positions, 119 reducing their positions, and 80 closing their positions.
140% more call options, than puts
Call options by funds: $76.6M | Put options by funds: $31.9M
9% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 119
5.45% less ownership
Funds ownership: 116.17% → 110.72% (-5.5%)
11% less funds holding
Funds holding: 355 → 315 (-40)
17% less capital invested
Capital invested by funds: $2.81B → $2.32B (-$490M)
40% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 80
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$31.7M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$26.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$15.4M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$14M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$68.2M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
-$47.1M |
| 3 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$42.2M |
| 4 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
-$39.5M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$26.2M |
NOG Hedge Fund Activity: Q4 2025 in Review
315 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Northern Oil and Gas (NOG) for Q4 2025, worth a combined $2.32B — down 17% from $2.81B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of NOG and 48 opened new positions — a net loss of 32 holders — while 119 trimmed existing stakes and 108 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $31.7M. The largest seller was Fidelity Investments, cutting an estimated $68.2M.
- 315 institutional investors held Northern Oil and Gas (NOG) as of Q4 2025, down from 355 in Q3 2025.
- Funds reported $2.32B of Northern Oil and Gas stock for Q4 2025, down 17% quarter-over-quarter.
- 48 funds opened new Northern Oil and Gas positions in Q4 2025 and 80 closed out, a net change of -32 holders.
- The largest Northern Oil and Gas buyer in Q4 2025 was Millennium Management, an estimated $31.7M added.
- The largest Northern Oil and Gas seller in Q4 2025 was Fidelity Investments, an estimated $68.2M sold.
Based on aggregated 13F filings for Q4 2025.