Vault-13

NEW GOLD INC CDA NGD

COM · Common Stock · CUSIP 644535106 · ISIN CA6445351068

302 institutional holders +19 vs Q2 2025
465,740,951465.7m shares reported held*
$3.3bnreported value*
58 new 78 added 105 reduced 37 sold out net bought ≈ $205.7m (+33.2m 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 ($8.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.17. Options: 13 managers hold calls ($133.3m notional), 10 hold puts ($9.8m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 147Q4 22: 153Q1 23: 162Q2 23: 166Q3 23: 156Q4 23: 167Q1 24: 170Q2 24: 193Q3 24: 220Q4 24: 224Q1 25: 249Q2 25: 283Q3 25: 302302Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025302

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 87 bought or addedQ4 23: 41 cut or sold outQ1 24: 64 bought or addedQ1 24: 71 cut or sold outQ1 24Q2 24: 108 bought or addedQ2 24: 48 cut or sold outQ3 24: 114 bought or addedQ3 24: 69 cut or sold outQ3 24Q4 24: 99 bought or addedQ4 24: 88 cut or sold outQ1 25: 138 bought or addedQ1 25: 79 cut or sold outQ1 25Q2 25: 139 bought or addedQ2 25: 112 cut or sold outQ3 25: 136 bought or addedQ3 25: 142 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20238741
Q1 20246471
Q2 202410848
Q3 202411469
Q4 20249988
Q1 202513879
Q2 2025139112
Q3 2025136142

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ4 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 0.06Q3 25 calls: $133.3mQ3 25 puts: $9.8mQ3 25P/C 0.07
Numbers
QuarterCallsPutsP/C
Q4 2024$20.0m$2.6m0.13
Q1 2025$42.8m$3.2m0.08
Q2 2025$88.2m$5.4m0.06
Q3 2025$133.3m$9.8m0.07

Biggest buyers

VAN ECK ASSOCIATES CORP Added +24,495,669+24.5m
JPMORGAN CHASE & CO Added +15,248,515+15.2m
VANGUARD GROUP INC Added +10,765,902+10.8m
FIL Ltd New +7,198,436+7.2m
FMR LLC New +7,144,900+7.1m
VOLORIDGE INVESTMENT MANAGEMENT, LLC New +6,884,165+6.9m
TORONTO DOMINION BANK Added +5,220,524+5.2m
TSP Capital Management Group, LLC New +3,976,626+4.0m
UBS Group AG Added +3,743,518+3.7m
SPROTT INC. Added +3,533,035+3.5m

Biggest sellers

RENAISSANCE TECHNOLOGIES LLC Reduced -8,388,200-8.4m
CITADEL ADVISORS LLC Reduced -6,928,756-6.9m
JANE STREET GROUP, LLC Reduced -4,625,688-4.6m
TSP Capital Management Group, LLC Sold out -4,525,726-4.5m
Invenomic Capital Management LP Sold out -4,227,089-4.2m
TWO SIGMA INVESTMENTS, LP Reduced -3,998,825-4.0m
MILLENNIUM MANAGEMENT LLC Reduced -3,552,197-3.6m
ROYAL BANK OF CANADA Reduced -3,395,891-3.4m
MORGAN STANLEY Reduced -3,365,680-3.4m
TWO SIGMA ADVISERS, LP Reduced -3,302,800-3.3m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $38.7m5.4m shares
PEAK6 LLC Reduced $34.4m4.8m shares
GROUP ONE TRADING LLC Added $31.9m4.4m shares
BANK OF MONTREAL /CAN/ Unchanged $6.9m970.0k shares
CITADEL ADVISORS LLC Added $6.9m961.6k shares
SIMPLEX TRADING, LLC Added $5.5m765.1k shares
IMC-Chicago, LLC Added $3.0m422.9k shares
JANE STREET GROUP, LLC Added $2.5m342.9k shares
WOLVERINE TRADING, LLC Added $2.4m349.9k shares
Caption Management, LLC Reduced $718.0k100.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $3.3m463.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2m310.1k shares
GROUP ONE TRADING LLC Added $1.7m230.8k shares
SIMPLEX TRADING, LLC Added $1.2m173.5k shares
IMC-Chicago, LLC Added $567.9k79.1k shares
WOLVERINE TRADING, LLC Added $554.5k79.9k shares
Squarepoint Ops LLC Unchanged $132.8k18.5k shares
Walleye Capital LLC New $40.9k5.7k shares
Walleye Trading LLC New $27.3k3.8k shares
BANK OF MONTREAL /CAN/ Unchanged $4.3k600 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VAN ECK ASSOCIATES CORP 0.49% of their portfolio NEW YORK, NY 72,796,14672.8m $522.7m $522.7m 0.49% Added +24.5m +24,495,669
2 Condire Management, LP 25.82% of their portfolio DALLAS, TX 30,039,91830.0m $215.7m $215.7m 25.82% Reduced -2.7m -2,700,000
3 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.13% of their portfolio BOSTON, MA 27,685,97427.7m $198.5m $198.5m 0.13% Reduced -1.1m -1,126,395
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 26,714,09426.7m $191.8m $191.8m 0.01% Added +15.2m +15,248,515
5 RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio NEW YORK, NY 20,750,46420.8m $149.0m $149.0m 0.20% Reduced -8.4m -8,388,200
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 18,705,26018.7m $134.3m $134.3m 0.01% Reduced -3.4m -3,365,680
7 AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio KANSAS CITY, MO 16,883,44416.9m $121.0m $121.0m 0.06% Added +1.3m +1,272,621
8 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 11,468,98211.5m $82.2m $82.2m 0.00% Added +10.8m +10,765,902
9 JGP Global Gestao de Recursos Ltda. 44.05% of their portfolio RIO DE JANEIRO, D5 10,516,70010.5m $75.5m $75.5m 44.05% Reduced -71.3k -71,297
10 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 9,020,0289.0m $64.8m $64.8m 0.01% Added +247.9k +247,851
11 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 9,000,3959.0m $64.5m $64.5m 0.03% Reduced -336.4k -336,411
12 TWO SIGMA INVESTMENTS, LP 0.09% of their portfolio NEW YORK, NY 8,001,8108.0m $57.5m $57.5m 0.09% Reduced -4.0m -3,998,825
13 Connor, Clark & Lunn Investment Management Ltd. 0.18% of their portfolio VANCOUVER, A1 7,916,3407.9m $56.7m $56.7m 0.18% Reduced -721.0k -721,003
14 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 7,479,6417.5m $53.7m $53.7m 0.01% Added +221.2k +221,222
15 FIL Ltd 0.04% of their portfolio HAMILTON, D0 7,198,4367.2m $51.6m $51.6m 0.04% New
16 FMR LLC 0.00% of their portfolio BOSTON, MA 7,144,9007.1m $51.2m $51.2m 0.00% New
17 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio JUPITER, FL 6,884,1656.9m $49.4m $49.4m 0.17% New
18 Amundi 0.02% of their portfolio Paris, I0 6,477,6756.5m $47.4m $47.4m 0.02% Added +2.2k +2,249
19 TORONTO DOMINION BANK 0.09% of their portfolio TORONTO, ONTARIO, A6 6,231,2546.2m $44.6m $44.6m 0.09% Added +5.2m +5,220,524
20 Pale Fire Capital SE 4.89% of their portfolio Prague, 2N 6,211,0376.2m $44.6m $44.6m 4.89% Added +580.6k +580,559
21 Hillsdale Investment Management Inc. 1.20% of their portfolio Toronto, A6 5,535,2285.5m $39.6m $39.6m 1.20% Reduced -2.0m -1,965,511
22 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,496,7915.5m $39.5m $39.5m 0.01% Added +508.5k +508,542
23 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 5,230,7475.2m $37.6m $37.6m 0.01% Reduced -2.0m -2,035,141
24 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 5,190,2425.2m $37.3m $37.3m 0.01% Added +209.5k +209,517
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 4,780,1314.8m $34.3m $34.3m 0.00% Reduced -324.8k -324,838
26 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 4,746,4644.7m $32.9m $32.9m 0.03% Reduced -356.7k -356,708
27 CIBC WORLD MARKET INC. 0.07% of their portfolio TORONTO, A6 4,681,6144.7m $33.5m $33.5m 0.07% Added +562.4k +562,360
28 TD Asset Management Inc 0.03% of their portfolio Toronto, A6 4,667,2474.7m $33.4m $33.4m 0.03% Added +1.4m +1,433,603
29 UBS Group AG 0.01% of their portfolio ZURICH, V8 4,294,1814.3m $30.8m $30.8m 0.01% Added +3.7m +3,743,518
30 SPROTT INC. 1.14% of their portfolio TORONTO, A6 4,244,7954.2m $30.5m $30.5m 1.14% Added +3.5m +3,533,035
31 MACKENZIE FINANCIAL CORP 0.04% of their portfolio TORONTO ONTARIO, A6 4,146,7644.1m $29.7m $29.7m 0.04% Reduced -707.2k -707,227
32 NATIONAL BANK OF CANADA /FI/ 0.03% of their portfolio MONTREAL, A8 3,995,3164.0m $28.4m $28.4m 0.03% Added +154.1k +154,146
33 TSP Capital Management Group, LLC 7.64% of their portfolio Summit, NJ 3,976,6264.0m $28.6m $28.6m 7.64% New
34 Apis Capital Advisors, LLC 5.07% of their portfolio New York, NY 3,194,0003.2m $22.9m $22.9m 5.07% Added +646.0k +646,000
35 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 3,033,0003.0m $21.7m $21.7m 0.03% Added +250.0k +250,000
36 TWO SIGMA ADVISERS, LP 0.04% of their portfolio NEW YORK, NY 3,031,6303.0m $21.8m $21.8m 0.04% Reduced -3.3m -3,302,800
37 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 2,892,2522.9m $20.8m $20.8m 0.02% Reduced -201.1k -201,102
38 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 2,588,1872.6m $18.6m $18.6m 0.01% Reduced -3.6m -3,552,197
39 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 2,525,8372.5m $18.1m $18.1m 0.01% Reduced -6.9m -6,928,756
40 WINMILL & CO. INC 3.66% of their portfolio WALPOLE, NH 2,100,0002.1m $15.1m $15.1m 3.66% Unchanged
41 Legal & General Group Plc 0.00% of their portfolio London, X0 2,063,5362.1m $14.8m $14.8m 0.00% Added +380.0k +380,037
42 Groupe la Francaise 0.19% of their portfolio PARIS, I0 1,901,0001.9m $13.6m $13.6m 0.19% Added +71.0k +71,000
43 Nokomis Capital, L.L.C. 4.81% of their portfolio DALLAS, TX 1,888,1821.9m $13.6m $13.6m 4.81% Reduced -27.1k -27,100
44 Walleye Capital LLC 0.11% of their portfolio NEW YORK, NY 1,858,7721.9m $13.3m $13.3m 0.11% New
45 Eschler Asset Management LLP 8.37% of their portfolio London, X0 1,572,0761.6m $11.3m $11.3m 8.37% Reduced -7.2k -7,221
46 Swiss National Bank 0.01% of their portfolio ZURICH, V8 1,547,4621.5m $11.1m $11.1m 0.01% Added +24.9k +24,900
47 Caprock Group, LLC 0.22% of their portfolio BOISE, ID 1,545,6271.5m $9.1m $9.1m 0.22% First filing
48 ArrowMark Colorado Holdings LLC 0.21% of their portfolio Denver, CO 1,538,0001.5m $11.0m $11.0m 0.21% Reduced -230.0k -230,000
49 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 1,488,8991.5m $10.7m $10.7m 0.01% Added +137.4k +137,352
50 CIBC Asset Management Inc 0.03% of their portfolio TORONTO, Z4 1,462,3281.5m $10.5m $10.5m 0.03% Added +347.8k +347,846
51 Oxbow Advisors, LLC 0.97% of their portfolio Austin, TX 1,455,1361.5m $10.4m $10.4m 0.97% Added +33.1k +33,080
52 MONTRUSCO BOLTON INVESTMENTS INC. 0.11% of their portfolio MONTREAL, A8 1,331,6891.3m $9.5m $9.5m 0.11% Reduced -1.9m -1,870,333
53 Wealth High Governance Capital Ltda 2.72% of their portfolio SAO PAULO, D5 1,320,0001.3m $9.5m $9.5m 2.72% New
54 Empyrean Capital Partners, LP 0.38% of their portfolio LOS ANGELES, CA 1,309,4281.3m $9.4m $9.4m 0.38% Reduced -230.0k -230,000
55 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio CAUSEWAY BAY, K3 1,180,7431.2m $8.5m $8.5m 0.01% Reduced -450.9k -450,854
56 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 1,170,0761.2m $8.4m $8.4m 0.02% Added +1.1m +1,103,676
57 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,159,7241.2m $8.3m $8.3m 0.00% Reduced -179.0k -178,993
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,103,6951.1m $7.9m $7.9m 0.00% Reduced -3.4m -3,395,891
59 CSM Advisors, LLC 0.22% of their portfolio WARRENDALE, PA 1,096,7271.1m $7.9m $7.9m 0.22% Reduced -180.3k -180,331
60 Aquatic Capital Management LLC 0.14% of their portfolio CHICAGO, IL 1,019,3931.0m $7.3m $7.3m 0.14% First filing
61 HEARTLAND ADVISORS INC 0.38% of their portfolio MILWAUKEE, WI 1,000,0001.0m $7.2m $7.2m 0.38% Reduced -1.0m -1,000,000
62 U S GLOBAL INVESTORS INC 0.81% of their portfolio SAN ANTONIO, TX 998,054998.1k $7.2m $7.2m 0.81% Added +723.1k +723,054
63 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 987,137987.1k $7.1m $7.1m 0.01% Added +651.3k +651,306
64 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 961,299961.3k $6.9m $6.9m 0.01% Added +641.7k +641,725
65 Quadrature Capital Ltd 0.08% of their portfolio LONDON, X0 933,710933.7k $6.7m $6.7m 0.08% Added +557.3k +557,310
66 Impala Asset Management LLC 4.12% of their portfolio Palm Beach, FL 900,000900.0k $6.5m $6.5m 4.12% Reduced -40.0k -40,000
67 BW Gestao de Investimentos Ltda. 0.48% of their portfolio SAO PAULO, D5 880,000880.0k $6.3m $6.3m 0.48% New
68 Cubist Systematic Strategies, LLC 0.09% of their portfolio STAMFORD, CT 877,635877.6k $6.3m $6.3m 0.09% Reduced -2.8m -2,796,049
69 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 867,629867.6k $6.2m $6.2m 0.01% Reduced -1.1m -1,090,948
70 Triasima Portfolio Management inc. 0.92% of their portfolio MONTREAL, A8 849,586849.6k $6.1m $6.1m 0.92% Added +247.8k +247,821
71 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio Stamford, CT 806,471806.5k $5.8m $5.8m 0.03% Reduced -6.1k -6,096
72 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 794,800794.8k $5.7m $5.7m 0.00% Reduced -1.2m -1,198,700
73 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 776,957777.0k $5.6m $5.6m 0.00% Added +626.2k +626,166
74 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 772,522772.5k $5.5m $5.5m 0.01% Reduced -4.6m -4,625,688
75 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 743,452743.5k $5.3m $5.3m 0.01% Added +269.6k +269,596
76 CREDIT AGRICOLE S A 0.02% of their portfolio Montrouge Cedex, I0 710,106710.1k $5.1m $5.1m 0.02% First filing
77 Gotham Asset Management, LLC 0.02% of their portfolio NEW YORK, NY 704,097704.1k $5.1m $5.1m 0.02% Reduced -534.4k -534,418
78 Oppenheimer & Close, LLC 3.40% of their portfolio NEW YORK, NY 701,555701.6k $5.0m $5.0m 3.40% Reduced -337.9k -337,900
79 Man Group plc 0.01% of their portfolio LONDON, X0 689,148689.1k $4.9m $4.9m 0.01% Reduced -100.6k -100,646
80 LOUISBOURG INVESTMENTS INC. 0.96% of their portfolio DIEPPE, A3 614,100614.1k $4.4m $4.4m 0.96% Reduced -71.6k -71,600
81 GUGGENHEIM CAPITAL LLC 0.03% of their portfolio CHICAGO, IL 609,678609.7k $4.4m $4.4m 0.03% Added +67.7k +67,692
82 Journey Advisory Group, LLC 0.32% of their portfolio COVINGTON, KY 599,744599.7k $4.3m $4.3m 0.32% Reduced -8.6k -8,598
83 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 593,004593.0k $4.2m $4.2m 0.00% Reduced -259.8k -259,844
84 PCJ Investment Counsel Ltd. 1.17% of their portfolio TORONTO, A6 585,660585.7k $4.2m $4.2m 1.17% Reduced -248.0k -248,000
85 HOHIMER WEALTH MANAGEMENT, LLC 0.58% of their portfolio SEATTLE, WA 577,334577.3k $4.1m $4.1m 0.58% New
86 Claret Asset Management Corp 0.47% of their portfolio MONTREAL, A8 550,000550.0k $3.9m $3.9m 0.47% Unchanged
87 DJE Kapital AG 0.06% of their portfolio 82049 PULLACH, 2M 529,100529.1k $2.6m $2.6m 0.06% Unchanged
88 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 528,663528.7k $3.8m $3.8m 0.00% Added +180.9k +180,864
89 Pekin Hardy Strauss, Inc. 0.35% of their portfolio CHICAGO, IL 484,250484.2k $3.5m $3.5m 0.35% Added +10.0k +10,000
90 Alberta Investment Management Corp 0.02% of their portfolio EDMONTON, A0 480,000480.0k $3.4m $3.4m 0.02% New
91 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio VICTORIA, A1 461,398461.4k $3.3m $3.3m 0.02% Reduced -18.8k -18,826
92 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 457,925457.9k $3.3m $3.3m 0.00% Added +24.0k +23,954
93 Quantbot Technologies LP 0.09% of their portfolio NEW YORK, NY 441,503441.5k $3.2m $3.2m 0.09% Reduced -593.0k -592,970
94 Pinnacle Wealth Management Group, Inc. 1.59% of their portfolio PLYMOUTH, MI 432,818432.8k $3.1m $3.1m 1.59% Unchanged
95 Amitell Capital Pte Ltd 2.29% of their portfolio SINGAPORE, U0 430,710430.7k $3.1m $3.1m 2.29% Reduced -176.1k -176,130
96 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 421,038421.0k $3.0m $3.0m 0.01% Reduced -146.0k -146,006
97 Hartree Partners, LP 1.02% of their portfolio NEW YORK, NY 408,532408.5k $2.9m $2.9m 1.02% New
98 4D Advisors, LLC 1.53% of their portfolio REDONDO BEACH, CA 400,000400.0k $2.9m $2.9m 1.53% New
99 Orion Resource Partners LP 1.03% of their portfolio NEW YORK, NY 393,587393.6k $2.8m $2.8m 1.03% New
100 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 387,083387.1k $2.8m $2.8m 0.01% Added +72.6k +72,567