| 4 | BlackRock, Inc. | 21.8M | $130.0M | +25.3% | 4.962% | 0.00% |
| 5 | FMR LLC | 15.0M | $89.5M | -32.3% | 3.416% | 0.00% |
| 6 | Capital World Investors | 10.6M | $63.4M | -13.9% | 2.419% | 0.01% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 9.9M | $59.3M | +22.2% | 2.259% | 0.00% |
| 8 | D. E. Shaw & Co., Inc. | 8.7M | $51.8M | -8.9% | 1.979% | 0.02% |
| 9 | VAN ECK ASSOCIATES CORP | 7.7M | $46.1M | +0.9% | 1.760% | 0.03% |
| 10 | First Eagle Investment Management, LLC | 7.5M | $44.7M | -18.4% | 1.706% | 0.04% |
| 11 | Kopernik Global Investors, LLC | 6.9M | $41.2M | +5.9% | 1.572% | 2.52% |
| 12 | PRINCIPAL FINANCIAL GROUP INC | 5.9M | $35.1M | +2.6% | 1.338% | 0.02% |
| 13 | UBS Group AG | 5.7M | $34.0M | +31.3% | 1.296% | 0.00% |
| 14 | STATE STREET CORP | 5.3M | $31.7M | +16.1% | 1.208% | 0.00% |
| 15 | TEACHER RETIREMENT SYSTEM OF TEXAS | 5.2M | $30.9M | 0.0% | 1.180% | 0.08% |
| 16 | GEODE CAPITAL MANAGEMENT, LLC | 4.9M | $29.1M | +37.1% | 1.111% | 0.00% |
| 17 | NORGES BANK | 4.5M | $27.0M | — | 1.031% | 0.00% |
| 18 | Bank Pictet & Cie (Europe) AG | 4.2M | $24.9M | -10.9% | 0.950% | 0.49% |
| 19 | Amundi | 3.4M | $20.2M | -33.0% | 0.771% | 0.00% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 3.3M | $20.0M | +24.2% | 0.761% | 0.00% |
| 21 | BANK OF AMERICA CORP /DE/ | 3.2M | $19.2M | +27.6% | 0.733% | 0.00% |
| 22 | MORGAN STANLEY | 3.1M | $18.6M | +8.0% | 0.708% | 0.00% |
| 23 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.6M | $15.5M | +40.5% | 0.590% | 0.00% |
| 24 | Empyrean Capital Partners, LP | 2.3M | $13.8M | -14.3% | 0.527% | 0.46% |
| 25 | NORTHERN TRUST CORP | 2.1M | $12.3M | +30.5% | 0.471% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in NG — a direct measure of their conviction.
| 51.83% |
| 34.42 pp |
| $523M |
| 50% |
| Q4 2024 | 172 | 4.4% | 86.25% | +42.96 pp | $1.04B | +41% |
| Q3 2024 | 180 | — | 43.29% | — | $736M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
27 institutions opened new positions in NG during Q2 2026, while 34 fully exited. 17 added to existing positions and 198 trimmed.
NG institutional ownership rose by 0.00 percentage points quarter-over-quarter, with a net change of -9 holders.
The top 10 institutions account for 70.8% of all reported 13F value in NG, and the top 25 account for 89.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.