NOVAGOLD RES INC NG
COM NEW · Common Stock · CUSIP 66987E206 · ISIN CA66987E2069
Canadian mining company
- SectorMaterials
- IndustryGold and Silver Ores
- HeadquartersSalt Lake City, UT
- Websitenovagold.com
- FilingsSEC EDGAR
* 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 ($5.5m this quarter). Holder counts are more reliable. Shares outstanding: 406.9m as of 2025-06-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $4.10. Options: 11 managers hold calls ($1.6m notional), 9 hold puts ($1.2m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 173 |
| Q4 2022 | 188 |
| Q1 2023 | 180 |
| Q2 2023 | 183 |
| Q3 2023 | 178 |
| Q4 2023 | 177 |
| Q1 2024 | 188 |
| Q2 2024 | 178 |
| Q3 2024 | 184 |
| Q4 2024 | 173 |
| Q1 2025 | 181 |
| Q2 2025 | 198 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 74 | 76 |
| Q4 2023 | 81 | 72 |
| Q1 2024 | 104 | 72 |
| Q2 2024 | 83 | 75 |
| Q3 2024 | 79 | 70 |
| Q4 2024 | 71 | 66 |
| Q1 2025 | 78 | 68 |
| Q2 2025 | 117 | 58 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $1.3m | $376.8k | 0.28 |
| Q4 2024 | $1.9m | $301.5k | 0.16 |
| Q1 2025 | $480.7k | $747.8k | 1.56 |
| Q2 2025 | $1.6m | $1.2m | 0.73 |
Biggest buyers
| Capital World Investors | New | +15.7m |
| Lingotto Investment Management LLP | Added | +13.2m |
| UBS Group AG | Added | +7.2m |
| Empyrean Capital Partners, LP | Added | +4.6m |
| D. E. Shaw & Co., Inc. | Added | +4.5m |
| TEACHER RETIREMENT SYSTEM OF TEXAS | Added | +4.0m |
| ROYAL BANK OF CANADA | Added | +3.1m |
| BANK OF AMERICA CORP /DE/ | Added | +2.4m |
| Bornite Capital Management LP | New | +2.0m |
| Ghisallo Capital Management LLC | New | +1.7m |
Biggest sellers
| First Eagle Investment Management, LLC | Reduced | -6.4m |
| Bank Pictet & Cie (Europe) AG | Reduced | -2.3m |
| VAN ECK ASSOCIATES CORP | Reduced | -313.9k |
| GOLDMAN SACHS GROUP INC | Reduced | -237.8k |
| JPMORGAN CHASE & CO | Reduced | -191.0k |
| Prosperity Consulting Group, LLC | Sold out | -129.5k |
| Nuveen, LLC | Reduced | -120.3k |
| Corebridge Financial, Inc. | Sold out | -119.5k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -73.9k |
| XTX Topco Ltd | Reduced | -68.3k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $474.4k116.0k shares |
| CITADEL ADVISORS LLC | Added | $418.4k102.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $264.2k64.6k shares |
| SIMPLEX TRADING, LLC | Added | $215.0k52.6k shares |
| SIG North Trading, ULC | New | $125.6k30.7k shares |
| JANE STREET GROUP, LLC | New | $54.4k13.3k shares |
| RAYMOND JAMES FINANCIAL INC | New | $45.0k7.5k shares |
| NATIONAL BANK OF CANADA /FI/ | Unchanged | $13.2k32 shares |
| TORONTO DOMINION BANK | Unchanged | $4.1k1.0k shares |
| SAGE RHINO CAPITAL LLC | New | $3.0k20.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $621.3k151.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $293.3k71.7k shares |
| GROUP ONE TRADING LLC | Added | $88.8k21.7k shares |
| SIG North Trading, ULC | New | $82.6k20.2k shares |
| JANE STREET GROUP, LLC | New | $48.3k11.8k shares |
| SIMPLEX TRADING, LLC | Added | $30.0k7.5k shares |
| NATIONAL BANK OF CANADA /FI/ | Reduced | $13.2k32 shares |
| TORONTO DOMINION BANK | Reduced | $4.1k1.0k 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.
| Holder | Stake |
|---|---|
Electrum Strategic Resources L.P.
13D · may seek influence
-1.9 pts · filed 2026-07-23
Stated purposeItem 4 is hereby amended and supplemented as follows: Arrangement and Voting Agreements As further described in the Current Report on Form 8-K filed by the Issuer on July 22, 2026, on July 21, 2026, the Issuer, NovaGold Corporation and Paulson Advisers LLC entered into an Arrangement Agreement (the "Arrangement Agreement") pursuant to which, among other things, and on the terms and subject to the conditions thereof, NovaGold Corporation will acquire all of the issued and outstanding Common Shares of the Issuer by way of an arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) in accordance with the plan of arrangement of the Issuer (the "Plan of Arrangement"). In connection with the execution of the Arrangement Agreement, NovaGold Corporation entered int… Full filing |
23.9% |
| PAULSON & CO. INC. 13G · passive investor filed 2025-08-14 | 9.8% |
| Lingotto Investment Management LLP 13G · passive investor new · filed 2025-08-11 | 8.6% |
Fell to 5% or below in the last year: FMR LLC (3.4%, 2026-08-06), Kopernik Global Investors, LLC (4.5%, 2026-02-02)
Insider purchases and sales in Q2 2025
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $85.0k | 4 | $509.7k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 2 | $50.0m | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-30 | KYLE HUME D. Director | Bought | $41.0k10.0k shares |
| 2025-05-09 | KAPLAN THOMAS SCOTT +6 Director | Bought | $50.0m13.3m shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Lingotto Investment Management LLP 3.07% of their portfolio | 34.9m $142.8m | Added +13.2m |
| PAULSON & CO. INC. 5.54% of their portfolio | 27.2m $111.4m | Unchanged |
| Kopernik Global Investors, LLC 8.59% of their portfolio | 19.1m $78.2m | Added +523.5k |
| BlackRock, Inc. 0.00% of their portfolio | 16.8m $68.8m | Added +309.8k |
| Capital World Investors 0.01% of their portfolio | 15.7m $64.1m | New |
| FMR LLC 0.00% of their portfolio | 12.2m $50.3m | Added +4.8k |
| First Eagle Investment Management, LLC 0.10% of their portfolio | 11.8m $48.3m | Reduced -6.4m |
| VANGUARD GROUP INC 0.00% of their portfolio | 11.8m $48.4m | Added +945.6k |
| UBS Group AG 0.01% of their portfolio | 11.2m $45.7m | Added +7.2m |
| Empyrean Capital Partners, LP 1.24% of their portfolio | 6.5m $26.7m | Added +4.6m |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 6.3m $25.8m | Reduced -313.9k |
| Bank Pictet & Cie (Europe) AG 0.50% of their portfolio | 5.7m $23.3m | Reduced -2.3m |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 5.4m $22.0m | Added +4.5m |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.08% of their portfolio | 4.8m $19.5m | Added +4.0m |
| Amundi 0.01% of their portfolio | 4.3m $19.3m | Added +1.5m |
| STATE STREET CORP 0.00% of their portfolio | 4.3m $17.6m | Added +41.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.2m $13.0m | Added +3.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.1m $12.8m | Added +23.7k |
| MORGAN STANLEY 0.00% of their portfolio | 3.1m $12.5m | Added +910.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.9m $11.9m | Added +2.4m |
| Bornite Capital Management LP 0.82% of their portfolio | 2.0m $8.2m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 1.9m $8.0m | Reduced -64.7k |
| Ghisallo Capital Management LLC 0.19% of their portfolio | 1.7m $7.1m | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 1.7m $6.9m | Added +96.2k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.6m $6.7m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $6.3m | Reduced -237.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $6.2m | Added +10.0k |
| JNE Partners LLP 2.15% of their portfolio | 1.3m $5.3m | Unchanged |
| ALPS ADVISORS INC 0.03% of their portfolio | 1.2m $5.1m | Added +96.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 1.2m $4.8m | Reduced -29.0k |
| Goehring & Rozencwajg Associates, LLC 0.71% of their portfolio | 1.1m $4.6m | Added +748.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.1m $4.4m | Added +54.2k |
| BARCLAYS PLC 0.00% of their portfolio | 1.0m $4.3m | Added +156.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 879.0k $3.6m | Added +100.9k |
| TD Asset Management Inc 0.00% of their portfolio | 836.7k $3.4m | Added +136.4k |
| Nuveen, LLC 0.00% of their portfolio | 749.3k $3.1m | Reduced -120.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 730.1k $3.0m | Added +286.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 679.7k $2.8m | Added +260.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 659.6k $2.7m | Added +41.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 635.5k $2.6m | Reduced -23.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 624.4k $2.6m | Added +602.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 596.3k $2.4m | Added +583.4k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 585.4k $2.4m | New |
| Swiss National Bank 0.00% of their portfolio | 576.7k $2.4m | Added +87.5k |
| Amitell Capital Pte Ltd 1.32% of their portfolio | 575.7k $2.4m | New |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 569.9k $2.3m | Added +527.8k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 430.3k $1.8m | Added +153.9k |
| Ruffer LLP 0.08% of their portfolio | 423.7k $1.7m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 369.6k $1.5m | Reduced -19.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 363.4k $1.5m | Reduced -43.5k |
| Legal & General Group Plc 0.00% of their portfolio | 343.9k $1.4m | Added +96.4k |
| GUGGENHEIM CAPITAL LLC 0.01% of their portfolio | 322.0k $1.3m | Added +29.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 312.2k $1.3m | Added +47.9k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 309.9k $1.3m | Added +61.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 300.0k $1.2m | Added +10.3k |
| Freestone Grove Partners LP 0.01% of their portfolio | 300.0k $1.2m | New |
| Robertson Stephens Wealth Management, LLC 0.04% of their portfolio | 289.1k $1.2m | Added +1.9k |
| Vident Advisory, LLC 0.01% of their portfolio | 267.5k $1.1m | Added +10.1k |
| Cedar Wealth Management, LLC 0.36% of their portfolio | 263.4k $1.1m | Added +65.6k |
| PDT Partners, LLC 0.06% of their portfolio | 260.9k $1.1m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 260.1k $1.1m | Reduced -191.0k |
| CIBC Asset Management Inc 0.00% of their portfolio | 250.2k $1.0m | Reduced -52.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 246.2k $1.0m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 225.0k $920.1k | Added +22.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 211.6k $865.5k | New |
| Fore Capital, LLC 1.71% of their portfolio | 210.0k $858.9k | New |
| CITIGROUP INC 0.00% of their portfolio | 203.6k $835.6k | Added +22.6k |
| Aquatic Capital Management LLC 0.02% of their portfolio | 184.5k $754.4k | New |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.00% of their portfolio | 184.3k $758.5k | Added +47.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 183.9k $752.0k | Added +15.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 175.0k $715.6k | Reduced -28.6k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 161.5k $664.3k | Added +8.1k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 157.3k $643.5k | Added +20.6k |
| SG Americas Securities, LLC 0.00% of their portfolio | 154.3k $631.0k | Reduced -16.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 138.9k $568.1k | Reduced -11.8k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 137.0k $560.4k | Added +121.9k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 134.7k $551.0k | Reduced -52.0k |
| Invesco Ltd. 0.00% of their portfolio | 126.6k $517.8k | Added +24.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 124.3k $509.0k | Added +16.8k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 117.5k $477.9k | Added +17.5k |
| MASTERS CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 100.0k $409.0k | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 89.9k $367.6k | Unchanged |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 83.1k $339.8k | Reduced -1.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 82.5k $337.5k | Added +38.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 82.3k $337.8k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 78.8k $322.5k | Added +25.4k |
| XTX Topco Ltd 0.01% of their portfolio | 78.8k $322.3k | Reduced -68.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 75.0k $306.6k | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 72.2k $296.4k | Added +8.5k |
| Hara Capital LLC 0.18% of their portfolio | 72.0k $294.3k | Added +70.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 69.5k $284.4k | Reduced -67.9k |
| KEATING INVESTMENT COUNSELORS INC 0.08% of their portfolio | 67.5k $276.0k | Added +6.5k |
| Virtu Financial LLC 0.01% of their portfolio | 63.9k $261.0k | Added +44.9k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 59.8k $245.2k | Added +25.3k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 59.2k $243.7k | Added +29.5k |
| Mariner, LLC 0.00% of their portfolio | 58.2k $238.0k | Added +22.2k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 57.4k $234.9k | Added +8.6k |
| Alberta Investment Management Corp 0.00% of their portfolio | 57.1k $235.0k | Unchanged |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 54.7k $223.6k | Reduced -46.6k |
| ProShare Advisors LLC 0.00% of their portfolio | 51.1k $209.1k | Reduced -1.7k |