NOG β€” NORTHERN OIL & GAS INC

Ownership history in Cerity Partners LLC  Β·  3 quarters on record

This page tracks every 13F SEC filing in which Cerity Partners LLC reported a position in NORTHERN OIL & GAS INC (NOG). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

Position Intelligence

Cerity Partners LLC Γ— NOG AI Analytics

πŸ“‰ Cerity Partners LLC underperformed the S&P 500 by –88.8% annually on this NOG position. Average cost basis: $30.17. Maximum drawdown during holding period: –25.8%.

πŸ“ˆ Position Alpha vs SPY
-88.8%
annualised excess return

❌ Significantly underperformed the S&P 500 by 88.8% ann.
2 quarters analyzed

πŸ’° Entry Quality
$30.17
-19.5% vs current ($24.29)

Best entry: $27.32 (2025 Q2)  Β·  Worst: $32.72 (2024 Q3)

πŸ›‘οΈ Drawdown Resilience
–25.8%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
67%
buy-side decisions

2 adds Β· 1 trim. Bought during 1 of 2 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    NOG price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 3 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q3 REDUCED 14,051 -860 -5.8% 0.00% $348K $24.29
2025 Q2 ADDED 14,911 +7,054 +89.8% 0.00% $423K $27.32
2024 Q3 INITIATED 7,857 β€” β€” 0.00% $278K $32.72

🏒 Other funds also holding NOG

As of 2025 Q4 β€” sorted by position size

Requisite Capital Management, LLC 3Y 2.35% PIN OAK INVESTMENT ADVISORS INC 3Y 7Y 1.97% Tributary Capital Management, LLC 3Y 7Y 1.77% COMMONS CAPITAL, LLC 3Y 1.15% Penn Capital Management Company, LLC 3Y 7Y 0.85% Taylor Frigon Capital Management LLC 3Y 7Y 0.79% Register Financial Advisors LLC 3Y 0.75% DENALI ADVISORS LLC 3Y 7Y 0.75% EPIQ PARTNERS, LLC 3Y 0.65% WESTWOOD HOLDINGS GROUP INC 3Y 7Y 0.58%
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