Vault-13

NORTHERN DYNASTY MINERALS LT NAK

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

92 institutional holders -2 vs Q1 2024
61,981,45162.0m shares reported held*
$19.2mreported value*
12 new 13 added 13 reduced 13 sold out net sold ≈ $2.6m (-11.9m 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 ($93 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $0.31. Options: 5 managers hold calls ($331.3k notional), 5 hold puts ($124.7k).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 82Q4 22: 87Q1 23: 88Q2 23: 90Q3 23: 95Q4 23: 91Q1 24: 94Q2 24: 9292Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202282
Q4 202287
Q1 202388
Q2 202390
Q3 202395
Q4 202391
Q1 202494
Q2 202492

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 27 bought or addedQ4 22: 21 cut or sold outQ4 22Q1 23: 26 bought or addedQ1 23: 24 cut or sold outQ2 23: 22 bought or addedQ2 23: 29 cut or sold outQ2 23Q3 23: 31 bought or addedQ3 23: 26 cut or sold outQ4 23: 24 bought or addedQ4 23: 30 cut or sold outQ4 23Q1 24: 30 bought or addedQ1 24: 27 cut or sold outQ2 24: 25 bought or addedQ2 24: 26 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222721
Q1 20232624
Q2 20232229
Q3 20233126
Q4 20232430
Q1 20243027
Q2 20242526

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 23 calls: $321.2kQ3 23 puts: $92.9kQ3 23P/C 0.29Q4 23 calls: $253.7kQ4 23 puts: $149.7kQ4 23P/C 0.59Q1 24 calls: $309.6kQ1 24 puts: $116.0kQ1 24P/C 0.37Q2 24 calls: $331.3kQ2 24 puts: $124.7kQ2 24P/C 0.38
Numbers
QuarterCallsPutsP/C
Q3 2023$321.2k$92.9k0.29
Q4 2023$253.7k$149.7k0.59
Q1 2024$309.6k$116.0k0.37
Q2 2024$331.3k$124.7k0.38

Biggest buyers

Herr Investment Group LLC Added +999,891+999.9k
ALPS ADVISORS INC Added +618,338+618.3k
GAM Holding AG Added +180,000+180.0k
UBS Group AG Added +158,875+158.9k
BNP PARIBAS FINANCIAL MARKETS New +158,600+158.6k
COMMONWEALTH EQUITY SERVICES, LLC Added +135,000+135.0k
True North Advisors, LLC New +80,500+80.5k
WELLS FARGO & COMPANY/MN Added +65,000+65.0k
Baader Bank Aktiengesellschaft New +64,217+64.2k
XTX Topco Ltd New +50,154+50.2k

Biggest sellers

Mirae Asset Global Investments Co., Ltd. Sold out -13,213,707-13.2m
Valeo Financial Advisors, LLC Sold out -553,250-553.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -253,041-253.0k
MORGAN STANLEY Reduced -187,310-187.3k
ROYAL BANK OF CANADA Reduced -85,922-85.9k
JANE STREET GROUP, LLC Sold out -44,031-44.0k
STRATEGY ASSET MANAGERS LLC Sold out -35,000-35.0k
Invenomic Capital Management LP Reduced -26,585-26.6k
TWO SIGMA SECURITIES, LLC Sold out -25,421-25.4k
GTS SECURITIES LLC Reduced -16,897-16.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $304.7k982.8k shares
GROUP ONE TRADING LLC Added $13.7k44.2k shares
CITADEL ADVISORS LLC Reduced $7.9k25.5k shares
SIMPLEX TRADING, LLC Added $5.0k17.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $53.8k173.4k shares
CITADEL ADVISORS LLC Added $49.2k158.6k shares
SIMPLEX TRADING, LLC Added $11.0k35.4k shares
GROUP ONE TRADING LLC Reduced $10.7k34.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 in Q2 2024

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 in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Kopernik Global Investors, LLC 1.12% of their portfolio TAMPA, FL 32,070,69132.1m $10.0m $10.0m 1.12% Unchanged
2 Herr Investment Group LLC 0.95% of their portfolio AUSTIN, TX 10,330,68810.3m $3.2m $3.2m 0.95% Added +999.9k +999,891
3 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 7,425,8647.4m $2.3m $2.3m 0.00% Unchanged
4 Invenomic Capital Management LP 0.05% of their portfolio BOSTON, MA 2,851,9622.9m $885.5k $885.5k 0.05% Reduced -26.6k -26,585
5 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 1,840,3951.8m $571.4k $571.4k 0.00% Unchanged
6 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 1,109,0011.1m $344.3k $344.3k 0.00% Added +618.3k +618,338
7 CADINHA & CO LLC 0.06% of their portfolio HONOLULU, HI 1,000,0001.0m $310.5k $310.5k 0.06% Unchanged
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 890,045890.0k $276.4k $276.4k 0.00% Added +65.0k +65,000
9 GAM Holding AG 0.01% of their portfolio Zurich, V8 500,000500.0k $155.2k $155.2k 0.01% Added +180.0k +180,000
10 LCM Capital Management Inc 0.06% of their portfolio CHICAGO, IL 323,800323.8k $100.5k $100.5k 0.06% Unchanged
11 GRIMES & Co WEALTH MANAGEMENT, LLC 0.00% of their portfolio WESTBOROUGH, MA 298,950298.9k $92.8k $92.8k 0.00% Unchanged
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 279,136279.1k $86.5k $86.5k 0.00% Added +158.9k +158,875
13 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 276,634276.6k $85.9k $85.9k 0.00% Unchanged
14 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 233,937233.9k $72.6k $72.6k 0.00% Reduced -2.3k -2,300
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 179,232179.2k $55.7k $55.7k 0.00% Reduced -253.0k -253,041
16 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 177,108177.1k $55.0k $55.0k 0.00% Added +135.0k +135,000
17 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 158,600158.6k $49.2k $49.2k 0.00% New
18 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 153,650153.7k $47.2k $47.2k 0.00% Unchanged
19 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 127,949127.9k $37.4k $37.4k 0.00% Reduced -5.6k -5,606
20 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 123,060123.1k $38.0k $38.0k 0.00% Added +4.0k +4,000
21 BRADY FAMILY WEALTH, LLC 0.01% of their portfolio SAINT LOUIS, MO 110,000110.0k $34.2k $34.2k 0.01% Unchanged
22 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 85,90085.9k $26.7k $26.7k 0.00% Unchanged
23 True North Advisors, LLC 0.01% of their portfolio Dallas, TX 80,50080.5k $25.0k $25.0k 0.01% New
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 80,15880.2k $24.9k $24.9k 0.00% Reduced -187.3k -187,310
25 Smith Anglin Financial, LLC 0.00% of their portfolio DALLAS, TX 65,00065.0k $20.2k $20.2k 0.00% Unchanged
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 64,95065.0k $20.1k $20.1k 0.00% Reduced -400 -400
27 Baader Bank Aktiengesellschaft 0.00% of their portfolio Unterschleissheim, 2M 64,21764.2k $16.4k $16.4k 0.00% New
28 Game Plan Financial Advisors, LLC 0.01% of their portfolio WESTLAKE, OH 61,00061.0k $18.9k $18.9k 0.01% Added +15.0k +15,000
29 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 55,00055.0k $17.1k $17.1k 0.00% Added +10.0k +10,000
30 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 50,15450.2k $15.6k $15.6k 0.00% New
31 EQUITABLE TRUST CO 0.00% of their portfolio NASHVILLE, TN 50,00050.0k $15.5k $15.5k 0.00% Unchanged
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 46,45046.5k $14.4k $14.4k 0.00% Reduced -3.0k -3,000
33 Plancorp, LLC 0.00% of their portfolio SAINT LOUIS, MO 44,41444.4k $13.8k $13.8k 0.00% Unchanged
34 Catalyst Funds Management Pty Ltd 0.00% of their portfolio SYDNEY NSW, C3 43,14043.1k $13.4k $13.4k 0.00% Unchanged
35 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 40,60640.6k $12.6k $12.6k 0.00% Unchanged
36 SevenBridge Financial Group, LLC 0.00% of their portfolio HARRISBURG, PA 39,42139.4k $13.5k $13.5k 0.00% Added +8.0k +8,000
37 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 37,70037.7k $11.6k $11.6k 0.00% New
38 GTS SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 35,37235.4k $11.0k $11.0k 0.00% Reduced -16.9k -16,897
39 FOUNDERS FINANCIAL SECURITIES LLC 0.00% of their portfolio TOWSON, MD 34,52034.5k $10.7k $10.7k 0.00% Unchanged
40 WEALTH ALLIANCE, LLC 0.00% of their portfolio MELLVILLE, NY 33,12533.1k $10.3k $10.3k 0.00% Unchanged
41 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 30,60030.6k $9.5k $9.5k 0.00% Unchanged
42 Ellsworth Advisors, LLC 0.00% of their portfolio HUDSON, OH 30,33230.3k $9.4k $9.4k 0.00% Unchanged
43 626 Financial, LLC 0.01% of their portfolio PORTAGE, MI 30,20030.2k $9.4k $9.4k 0.01% Unchanged
44 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 23,40023.4k $7.2k $7.2k 0.00% Unchanged
45 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 22,80022.8k $7.1k $7.1k 0.00% Unchanged
46 Fiduciary Alliance LLC 0.00% of their portfolio GREENVILLE, SC 22,17222.2k $7.0k $7.0k 0.00% Reduced -5.1k -5,149
47 Keystone Wealth Services, LLC 0.00% of their portfolio PALM DESERT, CA 21,25021.2k $6.6k $6.6k 0.00% Unchanged
48 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 20,80020.8k $6.5k $6.5k 0.00% Unchanged
49 Nicholas Wealth, LLC. 0.00% of their portfolio MARIETTA, GA 20,30020.3k $6.3k $6.3k 0.00% Unchanged
50 PFG Investments, LLC 0.00% of their portfolio WOODBURY, NY 20,00020.0k $6.2k $6.2k 0.00% Unchanged
51 Independent Wealth Network Inc. 0.00% of their portfolio URBANDALE, IA 15,95015.9k $5.0k $5.0k 0.00% Unchanged
52 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 15,50015.5k $5.0k $5.0k 0.00% Unchanged
53 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 15,42015.4k $4.8k $4.8k 0.00% New
54 Wealth Alliance Advisory Group, LLC 0.00% of their portfolio Wichita, KS 15,00015.0k $4.7k $4.7k 0.00% Unchanged
55 Hibernia Wealth Partners, LLC 0.00% of their portfolio BATON ROUGE, LA 15,00015.0k $4.7k $4.7k 0.00% New
56 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,35813.4k $4.1k $4.1k 0.00% Reduced -4.3k -4,300
57 Sage Investment Advisers LLC 0.00% of their portfolio WAPPINGERS FALLS, NY 13,00013.0k $4.0k $4.0k 0.00% Unchanged
58 BlackRock Inc. 0.00% of their portfolio New York, NY 12,74212.7k $4.0k $4.0k 0.00% Added +10.1k +10,119
59 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 11,52911.5k $3.6k $3.6k 0.00% Unchanged
60 UPTICK PARTNERS, LLC 0.00% of their portfolio NACOGDOCHES, TX 11,00011.0k $3.5k $3.5k 0.00% Unchanged
61 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 10,90010.9k $3.4k $3.4k 0.00% Unchanged
62 Arkadios Wealth Advisors 0.00% of their portfolio ATLANTA, GA 10,10010.1k $3.1k $3.1k 0.00% Added +100 +100
63 Faithward Advisors, LLC 0.00% of their portfolio LANCASTER, PA 10,00010.0k $3.1k $3.1k 0.00% Unchanged
64 NVWM, LLC 0.00% of their portfolio YARDLEY, PA 10,00010.0k $3.1k $3.1k 0.00% Unchanged
65 OneAscent Financial Services LLC 0.00% of their portfolio BIRMINGHAM, AL 10,00010.0k $3.0k $3.0k 0.00% Unchanged
66 Range Financial Group LLC 0.00% of their portfolio TIGARD, OR 10,00010.0k $3.1k $3.1k 0.00% Unchanged
67 Ridgepath Capital Management LLC 0.00% of their portfolio Knoxville, TN 10,00010.0k $3.1k $3.1k 0.00% Reduced -3.0k -3,000
68 POM Investment Strategies, LLC 0.00% of their portfolio RALEIGH, NC 7,7147.7k $2.4k $2.4k 0.00% Unchanged
69 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 7,6007.6k $2.2k $2.2k 0.00% Unchanged
70 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 7,5007.5k $2.3k $2.3k 0.00% Added +5.0k +5,000
71 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 6,0006.0k $1.0k $1.0k 0.00% Unchanged
72 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,7884.8k $1.0k $1.0k 0.00% Reduced -85.9k -85,922
73 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,1504.2k $1.3k $1.3k 0.00% Unchanged
74 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 3,1003.1k $986 $986 0.00% New
75 LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 0.00% of their portfolio BOSTON, MA 3,0003.0k $1.2k $1.2k 0.00% Unchanged
76 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 3,0003.0k $932 $932 0.00% New
77 ICA Group Wealth Management, LLC 0.00% of their portfolio DENVER, CO 1,8001.8k $559 $559 0.00% Unchanged
78 Sugarloaf Wealth Management, LLC 0.00% of their portfolio DULUTH, GA 1,7501.8k $543 $543 0.00% Unchanged
79 Private Wealth Management Group, LLC 0.00% of their portfolio PRINCETON, NJ 1,5001.5k $466 $466 0.00% Unchanged
80 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 1,1001.1k $342 $342 0.00% Unchanged
81 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 1,0001.0k $311 $311 0.00% Unchanged
82 Coppell Advisory Solutions LLC 0.00% of their portfolio COPPELL, TX 1,0001.0k $310 $310 0.00% First filing
83 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 1,0001.0k $312 $312 0.00% New
84 Cape Investment Advisory, Inc. 0.00% of their portfolio MCDONOUGH, GA 500500 $155 $155 0.00% Unchanged
85 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 400400 $125 $125 0.00% New
86 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 301301 $93 $93 0.00% Reduced -16.8k -16,792
87 Briaud Financial Planning Inc 0.00% of their portfolio COLLEGE STATION, TX 300300 $0 $0 0.00% Unchanged
88 Aviso Financial Inc. 0.00% of their portfolio TORONTO, A6 190190 $54 $54 0.00% First filing
89 RE Dickinson Investment Advisors, LLC 0.00% of their portfolio COUNCIL BLUFFS, IA 175175 $55 $55 0.00% Unchanged
90 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 172172 $53 $53 0.00% Unchanged
91 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 3030 $9 $9 0.00% New
92 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged