Vault-13

NEW GOLD INC CDA NGD

COM · Common Stock · CUSIP 644535106 · ISIN CA6445351068

283 institutional holders +34 vs Q1 2025
431,724,344431.7m shares reported held*
$2.2bnreported value*
58 new 81 added 87 reduced 25 sold out net bought ≈ $100.4m (+15.8m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.01. Options: 13 managers hold calls ($88.2m notional), 11 hold puts ($5.4m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 147Q4 22: 153Q1 23: 162Q2 23: 166Q3 23: 156Q4 23: 167Q1 24: 170Q2 24: 193Q3 24: 220Q4 24: 224Q1 25: 249Q2 25: 283283Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022147
Q4 2022153
Q1 2023162
Q2 2023166
Q3 2023156
Q4 2023167
Q1 2024170
Q2 2024193
Q3 2024220
Q4 2024224
Q1 2025249
Q2 2025283

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 47 bought or addedQ3 23: 70 cut or sold outQ4 23: 87 bought or addedQ4 23: 41 cut or sold outQ4 23Q1 24: 64 bought or addedQ1 24: 71 cut or sold outQ2 24: 108 bought or addedQ2 24: 48 cut or sold outQ2 24Q3 24: 114 bought or addedQ3 24: 69 cut or sold outQ4 24: 99 bought or addedQ4 24: 88 cut or sold outQ4 24Q1 25: 138 bought or addedQ1 25: 79 cut or sold outQ2 25: 139 bought or addedQ2 25: 112 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234770
Q4 20238741
Q1 20246471
Q2 202410848
Q3 202411469
Q4 20249988
Q1 202513879
Q2 2025139112

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$25m$50m$75m$100mQ3 24 calls: $20.8mQ3 24 puts: $3.4mQ3 24P/C 0.16Q4 24 calls: $20.0mQ4 24 puts: $2.6mQ4 24P/C 0.13Q1 25 calls: $42.8mQ1 25 puts: $3.2mQ1 25P/C 0.08Q2 25 calls: $88.2mQ2 25 puts: $5.4mQ2 25P/C 0.06
Numbers
QuarterCallsPutsP/C
Q3 2024$20.8m$3.4m0.16
Q4 2024$20.0m$2.6m0.13
Q1 2025$42.8m$3.2m0.08
Q2 2025$88.2m$5.4m0.06

Biggest buyers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +13,591,642+13.6m
MORGAN STANLEY Added +7,700,694+7.7m
CITADEL ADVISORS LLC Added +7,449,936+7.4m
JPMORGAN CHASE & CO Added +5,314,473+5.3m
TSP Capital Management Group, LLC New +4,525,726+4.5m
MILLENNIUM MANAGEMENT LLC Added +4,347,753+4.3m
TWO SIGMA INVESTMENTS, LP Added +3,503,193+3.5m
Cubist Systematic Strategies, LLC Added +3,295,905+3.3m
ROYAL BANK OF CANADA Added +3,274,230+3.3m
TWO SIGMA ADVISERS, LP Added +2,956,000+3.0m

Biggest sellers

Invesco Ltd. Reduced -8,503,318-8.5m
VAN ECK ASSOCIATES CORP Reduced -8,425,585-8.4m
TSP Capital Management Group, LLC Sold out -5,711,600-5.7m
UBS Group AG Reduced -4,869,733-4.9m
D. E. Shaw & Co., Inc. Reduced -4,748,734-4.7m
MACKENZIE FINANCIAL CORP Reduced -3,965,690-4.0m
WELLINGTON MANAGEMENT GROUP LLP Sold out -3,386,617-3.4m
BANK OF MONTREAL /CAN/ Reduced -2,963,851-3.0m
Connor, Clark & Lunn Investment Management Ltd. Reduced -2,908,639-2.9m
BANK OF AMERICA CORP /DE/ Reduced -2,309,007-2.3m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $25.8m5.2m shares
PEAK6 LLC Added $25.3m5.1m shares
GROUP ONE TRADING LLC Reduced $20.4m4.1m shares
BANK OF MONTREAL /CAN/ New $4.8m970.0k shares
CITADEL ADVISORS LLC Added $4.5m902.8k shares
SIMPLEX TRADING, LLC Reduced $2.7m554.0k shares
JANE STREET GROUP, LLC Added $1.4m287.7k shares
WOLVERINE TRADING, LLC Added $1.4m288.3k shares
IMC-Chicago, LLC Added $1.0m206.1k shares
Caption Management, LLC New $780.1k157.6k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.8m372.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.3m267.7k shares
GROUP ONE TRADING LLC Reduced $884.1k178.6k shares
SIMPLEX TRADING, LLC Added $413.0k83.6k shares
JANE STREET GROUP, LLC Added $371.7k75.1k shares
IMC-Chicago, LLC New $227.7k46.0k shares
WOLVERINE TRADING, LLC Added $202.3k42.6k shares
Squarepoint Ops LLC Unchanged $91.6k18.5k shares
BANK OF MONTREAL /CAN/ New $3.0k600 shares
BLUEFIN CAPITAL MANAGEMENT, LLC New $2.5k50.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
VAN ECK ASSOCIATES CORP 13G · institution +3.1 pts · filed 2025-11-12 9.7% +3.1 pts 76.7m 2025-11-12

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VAN ECK ASSOCIATES CORP 0.27% of their portfolio NEW YORK, NY 48,300,47748.3m $239.1m $239.1m 0.27% Reduced -8.4m -8,425,585
2 Condire Management, LP 23.34% of their portfolio DALLAS, TX 32,739,91832.7m $162.1m $162.1m 23.34% Unchanged
3 RENAISSANCE TECHNOLOGIES LLC 0.19% of their portfolio NEW YORK, NY 29,138,66429.1m $144.2m $144.2m 0.19% Added +1.1m +1,056,300
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.10% of their portfolio BOSTON, MA 28,812,36928.8m $143.0m $143.0m 0.10% Added +13.6m +13,591,642
5 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 22,070,94022.1m $109.3m $109.3m 0.01% Added +7.7m +7,700,694
6 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 15,610,82315.6m $77.6m $77.6m 0.04% Added +461.2k +461,170
7 TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio NEW YORK, NY 12,000,63512.0m $59.4m $59.4m 0.11% Added +3.5m +3,503,193
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,465,57911.5m $56.8m $56.8m 0.00% Added +5.3m +5,314,473
9 JGP Global Gestao de Recursos Ltda. 25.65% of their portfolio RIO DE JANEIRO, D5 10,587,99710.6m $52.4m $52.4m 25.65% Reduced -100.0k -100,000
10 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 9,454,5939.5m $46.8m $46.8m 0.04% Added +7.4m +7,449,936
11 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 9,336,8069.3m $46.4m $46.4m 0.02% Reduced -3.0m -2,963,851
12 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 8,772,1778.8m $43.4m $43.4m 0.01% Added +2.3m +2,323,864
13 Connor, Clark & Lunn Investment Management Ltd. 0.15% of their portfolio VANCOUVER, A1 8,637,3438.6m $43.0m $43.0m 0.15% Reduced -2.9m -2,908,639
14 Hillsdale Investment Management Inc. 1.38% of their portfolio Toronto, A6 7,500,7397.5m $37.3m $37.3m 1.38% Reduced -461.8k -461,788
15 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 7,265,8887.3m $36.0m $36.0m 0.01% Reduced -568.3k -568,316
16 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 7,258,4197.3m $35.9m $35.9m 0.01% Reduced -8.5m -8,503,318
17 Amundi 0.01% of their portfolio Paris, I0 6,475,4266.5m $31.7m $31.7m 0.01% Reduced -1.9m -1,880,603
18 TWO SIGMA ADVISERS, LP 0.06% of their portfolio NEW YORK, NY 6,334,4306.3m $31.4m $31.4m 0.06% Added +3.0m +2,956,000
19 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 6,140,3846.1m $30.5m $30.5m 0.03% Added +4.3m +4,347,753
20 Pale Fire Capital SE 2.91% of their portfolio Prague, 2N 5,630,4785.6m $27.9m $27.9m 2.91% Reduced -816.9k -816,874
21 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 5,398,2105.4m $26.7m $26.7m 0.04% Added +2.4m +2,378,610
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,104,9695.1m $25.3m $25.3m 0.00% Reduced -2.3m -2,309,007
23 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 5,103,1725.1m $25.3m $25.3m 0.02% Reduced -47.1k -47,070
24 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 4,988,2495.0m $24.7m $24.7m 0.01% Added +1.5m +1,483,443
25 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 4,980,7255.0m $24.6m $24.6m 0.01% Reduced -1.4m -1,361,788
26 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 4,853,9914.9m $24.1m $24.1m 0.03% Reduced -4.0m -3,965,690
27 TSP Capital Management Group, LLC 7.03% of their portfolio Summit, NJ 4,525,7264.5m $22.4m $22.4m 7.03% New
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,499,5864.5m $22.3m $22.3m 0.00% Added +3.3m +3,274,230
29 Invenomic Capital Management LP 1.19% of their portfolio BOSTON, MA 4,227,0894.2m $20.9m $20.9m 1.19% Added +815.3k +815,337
30 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 4,119,2544.1m $20.5m $20.5m 0.05% Added +1.3m +1,349,789
31 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 3,841,1703.8m $19.0m $19.0m 0.02% Added +832.7k +832,654
32 Cubist Systematic Strategies, LLC 0.20% of their portfolio STAMFORD, CT 3,673,6843.7m $18.2m $18.2m 0.20% Added +3.3m +3,295,905
33 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 3,233,6443.2m $16.0m $16.0m 0.01% Added +192.8k +192,791
34 MONTRUSCO BOLTON INVESTMENTS INC. 0.18% of their portfolio MONTREAL, A8 3,202,0223.2m $15.9m $15.9m 0.18% Reduced -1.2m -1,193,201
35 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 3,093,3543.1m $15.3m $15.3m 0.01% Added +327.3k +327,301
36 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 2,783,0002.8m $13.8m $13.8m 0.02% Added +312.0k +312,000
37 Apis Capital Advisors, LLC 4.48% of their portfolio New York, NY 2,548,0002.5m $12.6m $12.6m 4.48% New
38 WINMILL & CO. INC 2.89% of their portfolio WALPOLE, NH 2,100,0002.1m $10.4m $10.4m 2.89% Added +107.0k +107,000
39 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 2,014,5722.0m $10.0m $10.0m 0.00% Added +1.9k +1,885
40 HEARTLAND ADVISORS INC 0.55% of their portfolio MILWAUKEE, WI 2,000,0002.0m $9.9m $9.9m 0.55% Reduced -1.6m -1,555,600
41 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 1,993,5002.0m $9.9m $9.9m 0.01% Reduced -696.6k -696,600
42 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 1,958,5772.0m $9.7m $9.7m 0.01% Added +713.5k +713,533
43 Nokomis Capital, L.L.C. 3.97% of their portfolio DALLAS, TX 1,915,2821.9m $9.5m $9.5m 3.97% Unchanged
44 Groupe la Francaise 0.15% of their portfolio PARIS, I0 1,830,0001.8m $9.1m $9.1m 0.15% Reduced -20.0k -20,000
45 ArrowMark Colorado Holdings LLC 0.16% of their portfolio Denver, CO 1,768,0001.8m $8.8m $8.8m 0.16% Reduced -100.0k -100,000
46 Legal & General Group Plc 0.00% of their portfolio London, X0 1,683,4991.7m $8.4m $8.4m 0.00% Reduced -11.9k -11,888
47 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,671,0571.7m $8.3m $8.3m 0.00% Added +1.6m +1,563,897
48 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio CAUSEWAY BAY, K3 1,631,5971.6m $8.1m $8.1m 0.02% Added +97.8k +97,818
49 Eschler Asset Management LLP 5.90% of their portfolio London, X0 1,579,2971.6m $7.8m $7.8m 5.90% Added +1.2m +1,189,249
50 Empyrean Capital Partners, LP 0.35% of their portfolio LOS ANGELES, CA 1,539,4281.5m $7.6m $7.6m 0.35% Reduced -1.1m -1,070,572
51 Swiss National Bank 0.00% of their portfolio ZURICH, V8 1,522,5621.5m $7.5m $7.5m 0.00% Reduced -19.3k -19,300
52 Oxbow Advisors, LLC 0.77% of their portfolio Austin, TX 1,422,0561.4m $7.0m $7.0m 0.77% Added +1.1m +1,139,656
53 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,371,1061.4m $6.8m $6.8m 0.01% Reduced -4.7m -4,748,734
54 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 1,351,5471.4m $6.7m $6.7m 0.01% Reduced -199.9k -199,917
55 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,338,7171.3m $6.6m $6.6m 0.00% Added +451.1k +451,055
56 Aquatic Capital Management LLC 0.13% of their portfolio CHICAGO, IL 1,336,4931.3m $6.6m $6.6m 0.13% Added +639.0k +639,045
57 CSM Advisors, LLC 0.18% of their portfolio WARRENDALE, PA 1,277,0581.3m $6.3m $6.3m 0.18% New
58 Gotham Asset Management, LLC 0.04% of their portfolio NEW YORK, NY 1,238,5151.2m $6.1m $6.1m 0.04% Reduced -269.5k -269,539
59 Ruffer LLP 0.26% of their portfolio LONDON, X0 1,200,1341.2m $5.9m $5.9m 0.26% Reduced -2.0m -2,002,936
60 CIBC Asset Management Inc 0.02% of their portfolio TORONTO, Z4 1,114,4821.1m $5.5m $5.5m 0.02% Added +24.7k +24,653
61 Oppenheimer & Close, LLC 3.94% of their portfolio NEW YORK, NY 1,039,4551.0m $5.1m $5.1m 3.94% Reduced -86.1k -86,125
62 Quantbot Technologies LP 0.13% of their portfolio NEW YORK, NY 1,034,4731.0m $5.1m $5.1m 0.13% Added +860.2k +860,174
63 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 1,010,7301.0m $5.0m $5.0m 0.01% Added +887.3k +887,265
64 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 957,649957.6k $4.7m $4.7m 0.00% Added +6.0k +5,998
65 Impala Asset Management LLC 3.01% of their portfolio Palm Beach, FL 940,000940.0k $4.7m $4.7m 3.01% Reduced -60.0k -60,000
66 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 852,848852.8k $4.2m $4.2m 0.00% Added +208.2k +208,181
67 PCJ Investment Counsel Ltd. 1.42% of their portfolio TORONTO, A6 833,660833.7k $4.1m $4.1m 1.42% Reduced -501.2k -501,190
68 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio Stamford, CT 812,567812.6k $4.0m $4.0m 0.03% Added +239.8k +239,803
69 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 799,987800.0k $3.9m $3.9m 0.00% Added +774.8k +774,811
70 Man Group plc 0.01% of their portfolio LONDON, X0 789,794789.8k $3.9m $3.9m 0.01% Added +123.0k +123,003
71 Schonfeld Strategic Advisors LLC 0.03% of their portfolio NEW YORK, NY 756,798756.8k $3.7m $3.7m 0.03% Added +685.8k +685,786
72 INTACT INVESTMENT MANAGEMENT INC. 0.12% of their portfolio MONTREAL, A8 736,500736.5k $3.7m $3.7m 0.12% Reduced -293.5k -293,500
73 SPROTT INC. 0.18% of their portfolio TORONTO, A6 711,760711.8k $3.5m $3.5m 0.18% Reduced -53.1k -53,119
74 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 703,080703.1k $3.5m $3.5m 0.00% Unchanged
75 LOUISBOURG INVESTMENTS INC. 0.80% of their portfolio DIEPPE, A3 685,700685.7k $3.4m $3.4m 0.80% New
76 Point72 Asia (Singapore) Pte. Ltd. 0.58% of their portfolio SINGAPORE, U0 653,176653.2k $3.2m $3.2m 0.58% Added +653.0k +653,042
77 Journey Advisory Group, LLC 0.23% of their portfolio COVINGTON, KY 608,342608.3k $3.0m $3.0m 0.23% Reduced -11.1k -11,118
78 Amitell Capital Pte Ltd 1.69% of their portfolio SINGAPORE, U0 606,840606.8k $3.0m $3.0m 1.69% Unchanged
79 Triasima Portfolio Management inc. 0.55% of their portfolio MONTREAL, A8 601,765601.8k $3.0m $3.0m 0.55% Added +178.0k +177,993
80 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 567,044567.0k $2.8m $2.8m 0.01% Reduced -116.7k -116,707
81 UBS Group AG 0.00% of their portfolio ZURICH, V8 550,663550.7k $2.7m $2.7m 0.00% Reduced -4.9m -4,869,733
82 Claret Asset Management Corp 0.35% of their portfolio MONTREAL, A8 550,000550.0k $2.7m $2.7m 0.35% Unchanged
83 GUGGENHEIM CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 541,986542.0k $2.7m $2.7m 0.02% Added +78.5k +78,483
84 DJE Kapital AG 0.06% of their portfolio 82049 PULLACH, 2M 529,100529.1k $2.6m $2.6m 0.06% Added +451.0k +451,000
85 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 480,224480.2k $2.4m $2.4m 0.01% Reduced -321.6k -321,550
86 Pekin Hardy Strauss, Inc. 0.27% of their portfolio CHICAGO, IL 474,250474.2k $2.3m $2.3m 0.27% Reduced -67.5k -67,500
87 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 473,856473.9k $2.3m $2.3m 0.00% Added +2.7k +2,679
88 Boston Partners 0.00% of their portfolio BOSTON, MA 457,320457.3k $2.3m $2.3m 0.00% New
89 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 433,971434.0k $2.2m $2.2m 0.00% Added +13.5k +13,544
90 Pinnacle Wealth Management Group, Inc. 1.23% of their portfolio PLYMOUTH, MI 432,818432.8k $2.1m $2.1m 1.23% Added +29.0k +28,988
91 Sheets Smith Investment Management 1.66% of their portfolio HOUSTON, TX 382,489382.5k $1.9m $1.9m 1.66% New
92 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 376,400376.4k $1.9m $1.9m 0.03% Reduced -1.7m -1,687,300
93 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 369,705369.7k $1.8m $1.8m 0.01% Added +289.3k +289,330
94 Manatuck Hill Partners, LLC 0.67% of their portfolio WESTPORT, CT 361,000361.0k $1.8m $1.8m 0.67% Reduced -50.0k -50,000
95 PKO Investment Management Joint-Stock Co 0.19% of their portfolio WARSAW, R9 350,000350.0k $1.7m $1.7m 0.19% Unchanged
96 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 347,799347.8k $1.7m $1.7m 0.00% New
97 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 335,831335.8k $1.7m $1.7m 0.00% New
98 Riggs Asset Managment Co. Inc. 0.39% of their portfolio DALLAS, PA 320,943320.9k $1.6m $1.6m 0.39% Added +13.4k +13,448
99 FORA Capital, LLC 0.18% of their portfolio MIAMI, FL 320,208320.2k $1.6m $1.6m 0.18% Added +169.0k +169,040
100 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 319,574319.6k $1.6m $1.6m 0.00% Reduced -962.2k -962,202