Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Novagold Resources Inc (NG)

239 + Investors. Track Smart Money conviction in NG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -7
Streak
1Q ▼
Buyers last Q
58%

Smart Money Signals — NG

Based on 246 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (97% of max)

97% of all-time peak
246 hedge funds hold NG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+53 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

147 buying106 selling
Last quarter: 147 funds bought or added vs 106 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 36 → 55 → 48 → 39. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 19% medium ■ 24% new
141 out of 246 hedge funds have held NG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +4%, value -31%

Value
-30%
Shares
+3%
Last quarter: funds added +4% more shares while total portfolio value only changed -31%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~39 new funds/quarter

36 → 36 → 55 → 48 → 39 new funds/Q
New funds entering each quarter: 36 → 55 → 48 → 39. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 28% newcomers

■ 64% veterans ■ 7% 1-2yr ■ 28% new
Entry-cohort mix of 257 holders: 165 (64%) are 2+ year veterans, 19 entered 1–2 years ago, and 73 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
53 of 243 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NG

In 2026 Q2, 147 hedge funds were net buyers of NG (39 opened a new position, 108 added to an existing one), while 106 reduced or exited (60 trimmed, 46 sold completely) — a 58% buyer ratio, indicating a slight buying edge. 34% of total institutional value in NG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -7 funds (more exits than new entries). Total institutional holders: 246.

Hedge Fund Ownership: NG

How many hedge funds hold NG — quarterly history vs. share price
Quarterly hedge fund ownership of NG vs. share price

Market Analysis: NG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 4 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
4.5
/ 10
conviction
Hedge Fund Positioning: NG
239 + Investors

Track Smart Money conviction in NG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 239 253 -5.53%
13F Shares 332M 320M 3.8%
Total Value $1.92B $2.78B -31.01%
New Positions 38 48 -10
Increased Positions 101 77 +24
Closed Positions 49 28 +21
Reduced Positions 58 84 -26
Total Calls 7 5 40.0%
Total Puts 6 5 20.0%
PUT/CALL Ratio 0.86 1.0 Neutral

Statistics: NG

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

239 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NG. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NG holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Electrum Group LLC 16.38% 92,902,813 $554.6M
2 Paulson & CO. INC. 6.31% 27,238,061 $162.6M
3 Lingotto Investment Management LLP 4.03% 31,531,500 $188.2M
4 Kopernik Global Investors, LLC 2.52% 6,898,074 $41.2M
5 Bank Pictet & Cie (Europe) AG 0.49% 4,166,232 $24.9M
6 Empyrean Capital Partners, LP 0.46% 2,313,300 $13.8M
7 Worth Venture Partners, LLC 0.31% 22,683 $135K
8 Gruss & Co., LLC 0.26% 17,500 $104K
9 Goehring & Rozencwajg Associates, LLC 0.24% 710,721 $4.2M
10 Hara Capital LLC 0.23% 72,547 $433K
11 CapWealth Advisors, LLC 0.18% 448,990 $2.7M
12 Cedar Wealth Management, LLC 0.16% 103,420 $617K
13 Keating Investment Counselors Inc 0.12% 71,475 $427K
14 Significant Wealth Partners LLC 0.11% 17,028 $102K
15 Brasada Capital Management, LP 0.10% — $542K
16 First Eagle Investment Management, LLC 0.07% 7,485,429 $44.7M
17 Nova R Wealth, Inc. 0.07% 39,063 $233K
18 Quattro Financial Advisors LLC 0.06% 48,310 $288K
19 Islay Capital Management, LLC 0.06% 20,000 $119K
20 SPWM Advisors LLC 0.05% 10,010 $52K
21 Almanack Investment Partners, LLC. 0.04% 54,050 $323K
22 Edgestream Partners, L.P. 0.04% 221,338 $1.3M
23 Pekin Hardy Strauss, Inc. 0.04% 70,800 $423K
24 Mirabella Financial Services LLP 0.03% 58,780 $351K
25 Groupe la Francaise 0.03% 400,000 $2.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Novagold Resources Inc (NG)

What does the Smart Money Trend signal show for NG?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NG?

Slight buying edge — 58% buying: Last quarter: 147 funds bought or added vs 106 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NG holders?

Strong quality — 34% AUM from major funds: 53 of 243 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NG?

57% of holders stayed for 2+ years: 141 out of 246 hedge funds have held NG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →