Vault-13

NORTHERN DYNASTY MINERALS LT NAK

COM NEW · Common Stock · CUSIP 66510M204 · ISIN CA66510M2040

204 institutional holders +11 vs Q1 2026
108,022,419108.0m shares reported held*
$208.1mreported value*
38 new 65 added 39 reduced 26 sold out net sold ≈ $10.6m (-5.5m 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 ($4.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.93. Options: 9 managers hold calls ($10.9m notional), 6 hold puts ($7.1m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 82Q4 22: 87Q1 23: 88Q2 23: 90Q3 23: 95Q4 23: 91Q1 24: 94Q2 24: 92Q3 24: 100Q4 24: 113Q1 25: 140Q2 25: 152Q3 25: 156Q4 25: 168Q1 26: 193Q2 26: 204204Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202282
Q4 202287
Q1 202388
Q2 202390
Q3 202395
Q4 202391
Q1 202494
Q2 202492
Q3 2024100
Q4 2024113
Q1 2025140
Q2 2025152
Q3 2025156
Q4 2025168
Q1 2026193
Q2 2026204

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 32 bought or addedQ3 24: 14 cut or sold outQ4 24: 33 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 65 bought or addedQ1 25: 31 cut or sold outQ2 25: 72 bought or addedQ2 25: 47 cut or sold outQ2 25Q3 25: 87 bought or addedQ3 25: 56 cut or sold outQ4 25: 78 bought or addedQ4 25: 70 cut or sold outQ4 25Q1 26: 90 bought or addedQ1 26: 71 cut or sold outQ2 26: 103 bought or addedQ2 26: 65 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243214
Q4 20243332
Q1 20256531
Q2 20257247
Q3 20258756
Q4 20257870
Q1 20269071
Q2 202610365

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 25 calls: $12.1mQ3 25 puts: $4.0mQ3 25P/C 0.33Q4 25 calls: $24.0mQ4 25 puts: $9.2mQ4 25P/C 0.38Q1 26 calls: $9.0mQ1 26 puts: $4.8mQ1 26P/C 0.53Q2 26 calls: $10.9mQ2 26 puts: $7.1mQ2 26P/C 0.65
Numbers
QuarterCallsPutsP/C
Q3 2025$12.1m$4.0m0.33
Q4 2025$24.0m$9.2m0.38
Q1 2026$9.0m$4.8m0.53
Q2 2026$10.9m$7.1m0.65

Biggest buyers

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +2,066,614+2.1m
JPMORGAN CHASE & CO Added +869,947+869.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +628,646+628.6k
OSAIC HOLDINGS, INC. Added +536,427+536.4k
Cambridge Investment Research Advisors, Inc. Added +443,558+443.6k
CITADEL ADVISORS LLC Added +440,708+440.7k
NewEdge Advisors, LLC Added +392,109+392.1k
Rathbones Group PLC New +282,000+282.0k
HRT FINANCIAL LP Added +241,538+241.5k
Point72 Asset Management, L.P. New +217,950+217.9k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -3,862,371-3.9m
JANE STREET GROUP, LLC Reduced -3,416,034-3.4m
GAM Holding AG Reduced -1,800,000-1.8m
MILLENNIUM MANAGEMENT LLC Reduced -1,525,135-1.5m
Bornite Capital Management LP Sold out -1,000,000-1.0m
SEI INVESTMENTS CO Reduced -689,965-690.0k
Kopernik Global Investors, LLC Reduced -477,454-477.5k
WELLS FARGO & COMPANY/MN Reduced -121,096-121.1k
Ionic Capital Management LLC Reduced -113,314-113.3k
Swiss National Bank Reduced -84,100-84.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m1.7m shares
CITADEL ADVISORS LLC Reduced $1.9m983.7k shares
GROUP ONE TRADING LLC Reduced $1.3m676.7k shares
SIMPLEX TRADING, LLC Reduced $1.2m628.9k shares
TUDOR INVESTMENT CORP ET AL Added $1.2m618.5k shares
Centiva Capital, LP Unchanged $1.1m550.0k shares
IMC-Chicago, LLC Reduced $672.4k350.2k shares
JANE STREET GROUP, LLC Added $373.2k194.4k shares
CAPTRUST FINANCIAL ADVISORS New $1.9k1.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.0m1.6m shares
CITADEL ADVISORS LLC Added $1.5m760.9k shares
IMC-Chicago, LLC Reduced $1.3m689.6k shares
GROUP ONE TRADING LLC Reduced $712.7k371.2k shares
SIMPLEX TRADING, LLC Added $460.6k239.9k shares
JANE STREET GROUP, LLC Reduced $106.9k55.7k 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
Kopernik Global Investors, LLC 13D · may seek influence +1.3 pts · filed 2026-04-07
Stated purposeThe Reporting Persons purchased the Issuer's securities based on the Reporting Persons' belief that such securities, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Common Shares at prices that would make the purchase or sale of Common Shares desirable, the Reporting Persons intend to continue to review their investment in the Issuer on an ongoing basis and may, from time to time and at any time, acquire additional Common Shares in the open market or otherwise, dispose of any or all of the Common Shares in the open market or otherwise, and/or engage in hedging or similar transactions with respect to the Common Shares. O… Full filing
14.0% +1.3 pts 83.6m≈ $160.6m 2026-04-07

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Kopernik Global Investors, LLC 3.79% of their portfolio TAMPA, FL 32,178,39232.2m $61.8m $61.8m 3.79% Reduced -477.5k -477,454
2 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% of their portfolio CAUSEWAY BAY, K3 26,369,81726.4m $50.4m $50.4m 0.06% Added +2.1m +2,066,614
3 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 5,918,4385.9m $11.4m $11.4m 0.01% Reduced -3.9m -3,862,371
4 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 4,650,1494.7m $8.9m $8.9m 0.01% Added +190.0k +190,000
5 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 3,901,6083.9m $7.5m $7.5m 0.01% Reduced -1.5m -1,525,135
6 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 3,262,0463.3m $6.3m $6.3m 0.01% Reduced -9.7k -9,741
7 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 2,513,4432.5m $4.8m $4.8m 0.01% Reduced -80.2k -80,189
8 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 2,382,8962.4m $4.6m $4.6m 0.00% Added +440.7k +440,708
9 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,131,9342.1m $4.1m $4.1m 0.00% Added +628.6k +628,646
10 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,064,9652.1m $4.0m $4.0m 0.00% Reduced -3.4m -3,416,034
11 Stenham Asset Management Ltd 2.81% of their portfolio GUERNSEY, Y7 2,046,0002.0m $3.9m $3.9m 2.81% Unchanged
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,546,1731.5m $3.0m $3.0m 0.00% Added +52.3k +52,319
13 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 1,293,7361.3m $3.5m $3.5m 0.00% Added +56.7k +56,665
14 GAM Holding AG 0.16% of their portfolio Zurich, V8 1,060,0001.1m $2.0m $2.0m 0.16% Reduced -1.8m -1,800,000
15 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,033,0271.0m $2.0m $2.0m 0.00% Added +135.5k +135,500
16 Swiss National Bank 0.00% of their portfolio ZURICH, V8 1,016,4001.0m $1.9m $1.9m 0.00% Reduced -84.1k -84,100
17 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 994,960995.0k $1.9m $1.9m 0.00% Added +443.6k +443,558
18 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 883,455883.5k $1.7m $1.7m 0.00% Added +50.7k +50,725
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 869,988870.0k $1.7m $1.7m 0.00% Added +869.9k +869,947
20 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 868,173868.2k $1.7m $1.7m 0.00% Reduced -690.0k -689,965
21 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 662,884662.9k $1.3m $1.3m 0.01% Reduced -49.5k -49,497
22 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 618,651618.7k $1.2m $1.2m 0.00% Added +536.4k +536,427
23 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 613,758613.8k $1.2m $1.2m 0.00% Added +191.1k +191,058
24 GROUP ONE TRADING LLC 0.03% of their portfolio CHICAGO, IL 527,538527.5k $1.0m $1.0m 0.03% Added +105.7k +105,679
25 Legal & General Group Plc 0.00% of their portfolio London, X0 510,706510.7k $975.5k $975.5k 0.00% Added +39.0k +38,951
26 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 446,210446.2k $856.0k $856.0k 0.00% Added +241.5k +241,538
27 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.04% of their portfolio CEDAR RAPIDS, IA 431,300431.3k $828.1k $828.1k 0.04% Added +10.0k +10,000
28 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 420,229420.2k $806.8k $806.8k 0.00% Added +392.1k +392,109
29 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 382,470382.5k $730.8k $730.8k 0.00% Added +9.0k +9,041
30 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 369,156369.2k $705.1k $705.1k 0.00% Added +212.4k +212,432
31 VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio London, EC4N 8AF, X0 362,167362.2k $692.0k $692.0k 0.00% Unchanged
32 Ionic Capital Management LLC 0.62% of their portfolio NEW YORK, NY 345,686345.7k $663.7k $663.7k 0.62% Reduced -113.3k -113,314
33 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 338,240338.2k $646.1k $646.1k 0.00% Reduced -64.8k -64,812
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 292,056292.1k $560.7k $560.7k 0.00% Added +133.8k +133,805
35 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 291,104291.1k $558.9k $558.9k 0.01% Added +72.9k +72,944
36 Rathbones Group PLC 0.00% of their portfolio Liverpool, X0 282,000282.0k $538.6k $538.6k 0.00% New
37 BlackRock, Inc. 0.00% of their portfolio New York, NY 245,511245.5k $471.4k $471.4k 0.00% Added +134.6k +134,555
38 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 217,950217.9k $422.5k $422.5k 0.00% New
39 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 216,423216.4k $415.5k $415.5k 0.00% Added +82.9k +82,865
40 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 202,490202.5k $388.8k $388.8k 0.01% Unchanged
41 GRIMES & Co WEALTH MANAGEMENT, LLC 0.01% of their portfolio WESTBOROUGH, MA 189,750189.8k $364.3k $364.3k 0.01% Unchanged
42 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 183,656183.7k $352.6k $352.6k 0.00% Added +30.7k +30,718
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 175,456175.5k $336.9k $336.9k 0.00% Reduced -41.5k -41,497
44 Aletheian Wealth Advisors LLC 0.14% of their portfolio Bellevue, WA 168,200168.2k $322.9k $322.9k 0.14% Unchanged
45 Vanguard Investments Australia, Ltd. 0.00% of their portfolio Victoria, C3 148,907148.9k $284.5k $284.5k 0.00% Unchanged
46 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 140,550140.6k $260.0k $260.0k 0.00% Unchanged
47 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 138,683138.7k $266.3k $266.3k 0.00% Added +6.5k +6,550
48 LCM Capital Management Inc 0.11% of their portfolio CHICAGO, IL 131,644131.6k $252.8k $252.8k 0.11% Reduced -27.0k -26,956
49 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 110,860110.9k $212.9k $212.9k 0.00% Added +16.9k +16,930
50 BRADY FAMILY WEALTH, LLC 0.06% of their portfolio SAINT LOUIS, MO 110,000110.0k $211.2k $211.2k 0.06% Unchanged
51 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 107,499107.5k $205.3k $205.3k 0.00% Reduced -8.2k -8,201
52 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 105,869105.9k $203.3k $203.3k 0.00% Added +75.2k +75,237
53 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 100,683100.7k $193.3k $193.3k 0.00% New
54 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 100,175100.2k $192.3k $192.3k 0.00% Added +44.6k +44,576
55 CADINHA & CO LLC 0.03% of their portfolio HONOLULU, HI 100,000100.0k $192.0k $192.0k 0.03% Unchanged
56 Stratos Wealth Advisors, LLC 0.01% of their portfolio BEACHWOOD, OH 98,78898.8k $189.7k $189.7k 0.01% Unchanged
57 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 97,31197.3k $185.9k $185.9k 0.00% Reduced -11.7k -11,738
58 Composition Wealth, LLC 0.00% of their portfolio LOS ANGELES, CA 85,95586.0k $165.0k $165.0k 0.00% Unchanged
59 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 85,46485.5k $164.1k $164.1k 0.00% Added +6.0k +6,038
60 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 84,10684.1k $161.5k $161.5k 0.00% New
61 SPROTT INC. 0.01% of their portfolio TORONTO, A6 83,48883.5k $160.3k $160.3k 0.01% Added +18.0k +18,000
62 CIBC Asset Management Inc 0.00% of their portfolio TORONTO, Z4 76,51876.5k $145.9k $145.9k 0.00% Added +2.8k +2,770
63 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 76,11076.1k $145.3k $145.3k 0.00% Reduced -33.8k -33,766
64 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 74,93874.9k $143.9k $143.9k 0.00% Reduced -74.7k -74,681
65 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 67,32167.3k $129.3k $129.3k 0.00% Reduced -5.4k -5,437
66 CARY STREET PARTNERS FINANCIAL LLC 0.00% of their portfolio RICHMOND, VA 62,00062.0k $119.0k $119.0k 0.00% Added +1.0k +1,000
67 Pasadena Private Wealth, LLC 0.01% of their portfolio PASADENA, CA 52,45352.5k $100.7k $100.7k 0.01% New
68 Allegheny Financial Group 0.01% of their portfolio Pittsburgh, PA 52,10052.1k $100.0k $100.0k 0.01% Unchanged
69 Stone House Investment Management, LLC 0.01% of their portfolio TUNKHANNOCK, PA 51,57551.6k $99.0k $99.0k 0.01% New
70 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 51,10451.1k $93.0k $93.0k 0.00% Unchanged
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 46,24146.2k $88.3k $88.3k 0.00% Added +26.8k +26,767
72 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 45,23445.2k $86.8k $86.8k 0.00% Added +43.7k +43,734
73 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 45,04745.0k $86.1k $86.1k 0.00% Reduced -25.9k -25,906
74 Game Plan Financial Advisors, LLC 0.03% of their portfolio WESTLAKE, OH 45,00045.0k $86.4k $86.4k 0.03% Unchanged
75 Ethos Financial Group, LLC 0.00% of their portfolio KING OF PRUSSIA, PA 45,00045.0k $62.1k $62.1k 0.00% New
76 EQUITABLE TRUST CO 0.00% of their portfolio NASHVILLE, TN 42,31142.3k $81.2k $81.2k 0.00% Added +17.3k +17,311
77 PITTENGER & ANDERSON INC 0.00% of their portfolio LINCOLN, NE 40,75040.8k $78.2k $78.2k 0.00% Unchanged
78 Versant Capital Management, Inc 0.01% of their portfolio PHOENIX, AZ 40,60640.6k $78.0k $78.0k 0.01% Unchanged
79 Western Reserve Capital Management, LLC 0.06% of their portfolio HUDSON, OH 40,10640.1k $77.0k $77.0k 0.06% Reduced -16.0k -16,000
80 Pekin Hardy Strauss, Inc. 0.01% of their portfolio CHICAGO, IL 40,00040.0k $76.8k $76.8k 0.01% Unchanged
81 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 39,65639.7k $76.0k $76.0k 0.00% Reduced -3.4k -3,392
82 SIG BROKERAGE, LP 0.01% of their portfolio BALA CYNWYD, PA 36,95737.0k $71.0k $71.0k 0.01% Unchanged
83 Sowell Financial Services LLC 0.00% of their portfolio NORTH LITTLE ROCK, AR 35,30035.3k $67.8k $67.8k 0.00% New
84 ALLIUM FINANCIAL ADVISORS, LLC 0.04% of their portfolio LAKE OSWEGO, OR 35,00035.0k $67.2k $67.2k 0.04% Unchanged
85 626 Financial, LLC 0.03% of their portfolio PORTAGE, MI 34,20034.2k $65.7k $65.7k 0.03% Added +4.0k +4,000
86 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 33,06833.1k $63.5k $63.5k 0.00% Added +13.7k +13,672
87 SCRATCH CAPITAL LLC 0.03% of their portfolio BOISE, ID 32,43432.4k $62.3k $62.3k 0.03% Unchanged
88 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 30,98631.0k $59.5k $59.5k 0.00% Reduced -27.9k -27,914
89 TWO SIGMA SECURITIES, LLC 0.01% of their portfolio NEW YORK, NY 30,59630.6k $58.7k $58.7k 0.01% Added +19.8k +19,788
90 Blueshift Asset Management, LLC 0.01% of their portfolio RED BANK, NJ 30,51730.5k $58.6k $58.6k 0.01% New
91 Swiss Life Asset Management Ltd 0.00% of their portfolio Zurich, V8 30,09130.1k $57.3k $57.3k 0.00% Added +1.4k +1,415
92 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 30,00030.0k $57.6k $57.6k 0.00% Unchanged
93 Ellsworth Advisors, LLC 0.01% of their portfolio HUDSON, OH 29,47429.5k $49.5k $49.5k 0.01% Added +9.0k +9,035
94 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 28,92628.9k $49.5k $49.5k 0.00% Added +4.0k +4,025
95 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 28,54828.5k $54.8k $54.8k 0.00% Reduced -2.1k -2,052
96 TCFG Investment Advisors, LLC 0.02% of their portfolio LAGUNA NIGUEL, CA 26,60026.6k $51.1k $51.1k 0.02% Added +2.0k +2,000
97 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 26,57026.6k $51.0k $51.0k 0.00% Reduced -4.9k -4,914
98 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 26,50026.5k $50.9k $50.9k 0.00% Added +8.0k +8,000
99 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 26,36526.4k $50.5k $50.5k 0.00% Added +13.0k +13,031
100 Brookstone Capital Management 0.00% of their portfolio WHEATON, IL 26,28526.3k $50.5k $50.5k 0.00% Added +1.9k +1,874