Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Novagold Resources Inc (NG)

250 + 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
↑ +18
Streak
5Q ▲
Buyers last Q
52%

Smart Money Signals — NG

Based on 251 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added NG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
251 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 — +40% more funds vs a year ago

fund count last 6Q
+72 new funds entered over the past year (+40% 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 — 52% buying

127 buying115 selling
Last quarter: 127 funds bought or added vs 115 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 (-8 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 35 → 36 → 55 → 47. 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.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 18% medium ■ 26% new
140 out of 251 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.
📈

Growing discovery — still being found

27 → 35 → 36 → 55 → 47 new funds/Q
New funds entering each quarter: 35 → 36 → 55 → 47. A growing number of institutions are discovering NG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 63% veterans vs 28% newcomers

■ 63% veterans ■ 8% 1-2yr ■ 28% new
Entry-cohort mix of 260 holders: 165 (63%) are 2+ year veterans, 21 entered 1–2 years ago, and 74 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
48 of 250 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 127 hedge funds were net buyers of NG (47 opened a new position, 80 added to an existing one), while 115 reduced or exited (86 trimmed, 29 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 28% of total institutional value in NG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +18 funds (more new holders than closures). Total institutional holders: 251.

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.

Is It Too Late to Buy Novagold Resources Inc (NG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NG has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
NG
-13.1%
SPY
+15.1%

NG outperformed SPY by -28.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
NG
-4.1%
SPY
+1.3%

Since the filing became public, NG outperformed SPY by -5.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 4 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
4.8
/ 10
conviction
Hedge Fund Positioning: NG
250 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 250 233 7.3%
13F Shares 320M 334M -4.14%
Total Value $2.78B $3.11B -10.63%
New Positions 46 55 -9
Increased Positions 77 72 +5
Closed Positions 29 20 +9
Reduced Positions 84 63 +21
Total Calls 5 7 -28.57%
Total Puts 5 4 25.0%
PUT/CALL Ratio 1.0 0.57 Neutral

Statistics: NG

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

250 + 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Electrum Group LLC 77.08% 92,902,813 $834.3M
2 Paulson & CO. INC. 7.86% 27,238,061 $244.6M
3 Lingotto Investment Management LLP 6.53% 36,842,013 $330.8M
4 Kopernik Global Investors, LLC 4.08% 6,511,729 $58.5M
5 Bank Pictet & Cie (Europe) AG 0.90% 4,676,000 $42.0M
6 Worth Venture Partners, LLC 0.82% 28,779 $258K
7 Empyrean Capital Partners, LP 0.79% 2,700,000 $24.2M
8 Gruss & Co., LLC 0.47% 22,500 $202K
9 Goehring & Rozencwajg Associates, LLC 0.33% 692,741 $6.2M
10 Hara Capital LLC 0.32% 72,356 $650K
11 Cedar Wealth Management, LLC 0.26% 100,570 $903K
12 Auxano Advisors, LLC 0.20% 114,000 $1.0M
13 Teacher Retirement System of Texas 0.19% 5,176,816 $46.5M
14 Significant Wealth Partners LLC 0.19% 16,849 $151K
15 Redwood Wealth Management Group, LLC 0.17% 44,950 $404K
16 Keating Investment Counselors Inc 0.16% 71,475 $642K
17 Brasada Capital Management, LP 0.13% 80,000 $726K
18 Quattro Financial Advisors LLC 0.13% 48,310 $434K
19 Nova R Wealth, Inc. 0.11% 39,063 $351K
20 First Eagle Investment Management, LLC 0.11% 9,172,929 $82.4M
21 PDT Partners, LLC 0.10% 187,960 $1.7M
22 Islay Capital Management, LLC 0.09% 20,000 $180K
23 SPWM Advisors LLC 0.08% 10,010 $91K
24 Harvest Investment Services, LLC 0.08% 47,404 $426K
25 Scientech Research LLC 0.07% 10,000 $90K
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?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added NG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NG?

Slight buying edge — 52% buying: Last quarter: 127 funds bought or added vs 115 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 — 28% AUM from major funds: 48 of 250 holders rank in the top 100 by AUM, accounting for 28% 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?

56% of holders stayed for 2+ years: 140 out of 251 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.

Is it too late to buy Novagold Resources Inc (NG) following the 2026 Q1 hedge fund 13F filings?

As of today, NG has moved -4.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.3% for the SPY sector ETF — an outperformance of -5.4%. Since the quarter end (March 31, 2026), NG has gained -13.1% vs +15.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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