Northern Dynasty Minerals
NAK • AMEX
Northern Dynasty Minerals is a industrial materials company in the basic materials sector on AMEX, led by Ronald W. Thiessen, with a market cap of $1.2B. As of Q3 2025, 16% of shares are held by 155 institutional investors, with Kopernik Global Investors, LLC as the largest holder at 3.93%.
CEORonald W. Thiessen
Overview
Overview of institutional ownership in NAK as of Q3 2025 with a market cap of $662.1M
All Institutions
- Institutions
- 155
- Value Held
- $103.5M
- Shares Held
- 86.1M
- Avg Position
- $667.9K
- Median Position
- $38.4K
Hedge Funds
- Hedge Funds
- 13
- Value Held
- $47.2M
- Shares Held
- 39.3M
- Avg Position
- $3.6M
- Median Position
- $994.2K
Ownership Breakdown
Based on market cap of $662.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in NAK as of Q3 2025
| Institution | Position Value |
|---|---|
 Kopernik Global Investors, LLC Hedge Fund•Long/Short | $26.0M 2.12% of portfolio |
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution | $17.1M 0.03% of portfolio |
R Russell Investments Group, Ltd. RIA/Wealth | $5.8M 0.01% of portfolio |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $5.3M 0.00% of portfolio |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $4.8M 0.00% of portfolio |
G GAM Holding AG Institution | $4.2M 0.26% of portfolio |
 COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | $3.6M 0.01% of portfolio |
 WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy | $3.6M 1.08% of portfolio |
 TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | $2.7M 0.00% of portfolio |
 CenterBook Partners LP Hedge Fund•Market Neutral | $2.4M 0.12% of portfolio |
Net Capital Flow
Institutional buying and selling activity for NAK in Q3 2025
- Traded
- +$31.8M
- Buyers
- 89
- Sellers
- 47
- Total Bought
- +$37.4M
- Total Sold
- −$5.5M
- Avg Position
- $581.6K
Biggest Buyers
| Institution | Net Bought |
|---|---|
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$4.2M +3.5M shares |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | +$3.3M +2.8M shares |
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth | +$3.3M +2.7M shares |
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy | +$2.9M +2.4M shares |
CenterBook Partners LP Hedge Fund•Market Neutral | +$2.4M +2.0M shares |
Kopernik Global Investors, LLC Hedge Fund•Long/Short | +$2.4M +2.0M shares |
 MACKENZIE FINANCIAL CORP Long Only Manager | +$2.0M +1.7M shares |
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | +$2.0M +1.7M shares |
H HRT FINANCIAL LLC Institution | +$1.8M +1.5M shares |
M MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Institution | +$1.8M +1.4M shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 Marshall Wace LLP Institution | −$733.2K −547.2K shares |
R Russell Investments Group, Ltd. RIA/Wealth | −$696.5K −579.8K shares |
 Connor, Clark & Lunn Investment Management Ltd. Long Only Manager | −$552.6K −455.2K shares |
X XTX Topco Ltd Institution | −$507.2K −422.6K shares |
G GROUP ONE TRADING, L.P. Institution | −$499.7K −416.4K shares |
 Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | −$335.0K −250.0K shares |
 WELLS FARGO & COMPANY/MN Institution | −$323.3K −269.4K shares |
 Spark Investment Management LLC Hedge Fund•Multi-Strategy | −$185.3K −137.0K shares |
S SG Americas Securities, LLC Institution | −$154.1K −115.0K shares |
S STIFEL FINANCIAL CORP Long Only Manager | −$151.4K −113.0K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited NAK in Q3 2025
- New Positions
- 24
- New Value
- $4.0M
- Exited Positions
- 23
- Exited Value
- $2.3M
New Positions
| Institution | Position Value |
|---|---|
CenterBook Partners LP Hedge Fund•Market Neutral | $2.4M 2.0M shares |
 Graham Capital Management, L.P. Hedge Fund•Multi-Strategy | $392.2K 326.8K shares |
 Pentwater Capital Management LP Hedge Fund•Event Driven | $240.0K 200.0K shares |
 Perigon Wealth Management, LLC RIA/Wealth | $228.0K 190.0K shares |
 IMC-Chicago, LLC RIA/Wealth | $223.8K 186.5K shares |
B Brevan Howard Capital Management LP Institution | $110.4K 92.0K shares |
 Brookwood Investment Group LLC RIA/Wealth | $62.7K 52.3K shares |
 Caption Management, LLC Hedge Fund•Long/Short | $60.0K 50.0K shares |
W WILEY BROS.-AINTREE CAPITAL, LLC Institution | $36.0K 30.0K shares |
 Advisory Alpha, LLC RIA/Wealth | $33.3K 27.3K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Marshall Wace LLP Institution | $733.2K 547.2K shares |
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | $335.0K 250.0K shares |
Spark Investment Management LLC Hedge Fund•Multi-Strategy | $185.3K 137.0K shares |
S SG Americas Securities, LLC Institution | $154.1K 115.0K shares |
S STIFEL FINANCIAL CORP Long Only Manager | $151.4K 113.0K shares |
J J. Goldman & Co LP Hedge Fund•Multi-Strategy | $90.9K 67.8K shares |
C Cubist Systematic Strategies, LLC Institution | $70.4K 53.1K shares |
Q Quadrature Capital Ltd Institution | $62.5K 46.3K shares |
 Aptus Capital Advisors, LLC ETF Provider | $61.1K 45.6K shares |
 Tumwater Wealth Management, LLC RIA/Wealth | $61.0K 45.5K shares |
Options Activity
Institutions with the largest Call and Put options positions in NAK as of Q3 2025
- Call Positions
- 9
- Call Value
- $7.3M
- Put Positions
- 5
- Put Value
- $1.6M
Call Positions
| Institution | Position Value |
|---|---|
L LMR Partners LLP Institution | $1.8M 15.0K contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $1.7M 14.4K contracts |
P PEAK6 LLC Institution | $1.3M 11.0K contracts |
J JANE STREET GROUP, LLC Institution | $948.8K 7.9K contracts |
Caption Management, LLC Hedge Fund•Long/Short | $600.0K 5.0K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $509.2K 4.2K contracts |
W WOLVERINE TRADING, LLC Institution | $337.4K 2.7K contracts |
 Quadcap Wealth Management, LLC RIA/Wealth | $3.6K 30.0 contracts |
 BANK OF MONTREAL /CAN/ Institution | $1.2K 10.0 contracts |
Put Positions
| Institution | Position Value |
|---|---|
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $762.8K 6.4K contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $635.2K 5.3K contracts |
J JANE STREET GROUP, LLC Institution | $133.3K 1.1K contracts |
W WOLVERINE TRADING, LLC Institution | $103.7K 864.0 contracts |
BANK OF MONTREAL /CAN/ Institution | $7.0K 58.0 contracts |
Most Committed Institutions
Institutions with NAK as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
Kopernik Global Investors, LLC Hedge Fund•Long/Short | 2.12% $26.0M |
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy | 1.08% $3.6M |
I Ionic Capital Management LLC Hedge Fund•Multi-Strategy | 0.75% $621.0K |
G GAM Holding AG Institution | 0.26% $4.2M |
 LCM Capital Management Inc RIA/Wealth | 0.16% $331.7K |
CenterBook Partners LP Hedge Fund•Market Neutral | 0.12% $2.4M |
 Kiker Wealth Management, LLC RIA/Wealth | 0.11% $226.0K |
 Aletheian Wealth Advisors LLC Family Office | 0.09% $201.8K |
 Game Plan Financial Advisors, LLC RIA/Wealth | 0.05% $94.8K |
 SCRATCH CAPITAL LLC RIA/Wealth | 0.04% $63.8K |
Hedge Fund Spotlight
Discover hedge funds investing in NAK
TWO SIGMA INVESTMENTS LLC
Hedge Fund • Multi-Strategy
Portfolio ManagerScott David Hoffman
- Portfolio Value
- $62.0B
- Positions
- 3,252
- Last Reported
- Q3 2025
Sector Allocation
Position in Northern Dynasty Minerals
- Market Value
- $2.7M
- Shares Held
- 2.2M
- Portfolio Weight
- 0.00%
- Owned Since
- 2024-Q4
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
ETF ETF | $680.4M | 1.10% | |
ETF ETF | $582.6M | 0.94% | |
ETF ETF | $489.6M | 0.79% |
