Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NG held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Electrum Group LLC | 92.9M | $834.3M | 0.0% | 22.830% | 77.08% |
| 2 | Exor Capital LLP | 36.8M | $330.8M | +4.7% | 9.054% | 6.53% |
| 3 | PAULSON & CO. INC. | 27.2M | $244.6M | 0.0% | 6.693% | 7.86% |
| 4 | FMR LLC | 22.1M | $199.0M | -7.4% | 5.439% | 0.01% |
| 5 | BlackRock, Inc. | 17.4M | $156.0M | -9.7% | 4.269% | 0.00% |
| 6 | Capital World Investors | 12.3M | $110.8M | 0.0% | 3.031% | 0.02% |
| 7 | D. E. Shaw & Co., Inc. | 9.5M | $85.7M | +8.3% | 2.343% | 0.08% |
| 8 | First Eagle Investment Management, LLC | 9.2M | $82.4M | -0.1% | 2.254% | 0.11% |
| 9 | Kopernik Global Investors, LLC | 6.5M | $58.5M | -22.8% | 1.600% | 4.08% |
| 10 | PRINCIPAL FINANCIAL GROUP INC | 5.7M | $51.4M | +32405.9% | 1.406% | 0.03% |
| 11 | TEACHER RETIREMENT SYSTEM OF TEXAS | 5.2M | $46.5M | -3.7% | 1.272% | 0.19% |
| 12 | Amundi | 5.1M | $45.4M | +11.5% | 1.241% | 0.01% |
| 13 | Pictet & Cie (Europe) SA | 4.7M | $42.0M | -17.6% | 1.149% | 0.90% |
| 14 | STATE STREET CORP | 4.6M | $41.0M | -4.1% | 1.122% | 0.00% |
| 15 | UBS Group AG | 4.3M | $38.9M | +5.8% | 1.064% | 0.01% |
| 16 | GEODE CAPITAL MANAGEMENT, LLC | 3.6M | $32.0M | -4.6% | 0.874% | 0.00% |
| 17 | MARSHALL WACE, LLP | 2.9M | $26.4M | +268.0% | 0.721% | 0.03% |
| 18 | MORGAN STANLEY | 2.9M | $25.8M | +1.7% | 0.707% | 0.00% |
| 19 | Empyrean Capital Partners, LP | 2.7M | $24.2M | -0.2% | 0.663% | 0.81% |
| 20 | BANK OF AMERICA CORP /DE/ | 2.5M | $22.6M | -14.9% | 0.620% | 0.00% |
| 21 | BANK OF MONTREAL /CAN/ | 1.7M | $15.0M | -2.3% | 0.410% | 0.01% |
| 22 | NORTHERN TRUST CORP | 1.6M | $14.2M | -3.0% | 0.389% | 0.00% |
| 23 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.4M | $12.4M | +40.8% | 0.338% | 0.00% |
| 24 | GOLDMAN SACHS GROUP INC | 1.3M | $11.5M | -38.0% | 0.316% | 0.00% |
| 25 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.2M | $10.7M | -14.9% | 0.292% | 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.
Filings activity in NG during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 247 | +7.9% | 91.33% | 8.10 pp | $2.77B | 8.1% |
| Q4 2025 | 229 | +17% | 99.43% | +28.06 pp | $3.01B | +39% |
| Q3 2025 | 196 | +1.0% | 71.37% | +38.92 pp | $2.16B | +120% |
| Q2 2025 | 194 | +7.8% | 32.45% | +15.19 pp | $983M | +88% |
| Q1 2025 | 180 | +4.7% | 17.26% | 16.96 pp | $523M | 50% |
| Q4 2024 | 172 | 4.4% | 34.22% | +9.91 pp | $1.04B | +41% |
| Q3 2024 | 180 | +1.1% | 24.31% | 9.99 pp | $736M | 29% |
| Q2 2024 | 178 | — | 34.30% | — | $1.04B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NG stock.
Based on Q1 2026 13F filings, institutional ownership of NovaGold Resources Inc. stands at 91.3%, held across 247 reporting institutions.
Electrum Group LLC is the largest reported institutional holder of NG, with approximately 92,902,813 shares worth $0.83B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of NG, including SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for NG is 43 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
47 institutions opened new positions in NG during Q1 2026, while 29 fully exited. 63 added to existing positions and 136 trimmed.
NG institutional ownership fell by 8.10 percentage points quarter-over-quarter, with a net change of +18 holders.
The top 10 institutions account for 77.9% of all reported 13F value in NG, and the top 25 account for 92.7%.
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.
NovaGold Resources Inc. (NG) Institutional Ownership