New Gold

NGD • AMEX

New Gold is a gold company in the basic materials sector on AMEX, led by Patrick Godin, with a market cap of $6.6B. As of Q3 2025, 57% of shares are held by 292 institutional investors, with VAN ECK ASSOCIATES CORP as the largest holder at 9.19%.

President and CEOPatrick Godin

Market Cap$6.6B

Gold

Basic Materials

Employees1.5K

Websitenewgold.com

Overview

Overview of institutional ownership in NGD as of Q3 2025 with a market cap of $5.7B

All Institutions

Institutions: 292
Value Held: $3.2B
Shares Held: 452.7M
Avg Position: $11.1M
Median Position: $718.4K

Hedge Funds

Hedge Funds: 43
Value Held: $871.1M
Shares Held: 121.4M
Avg Position: $20.3M
Median Position: $2.7M

Ownership Breakdown

Institutional (non-HF)

41.75%

$2.4B

Hedge Funds

15.33%

$871.1M

Retail & Other

42.92%

$2.4B

Based on market cap of $5.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NGD as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VAN ECK ASSOCIATES CORP ETF Provider	Jan Frederick Vaneck CEO	$522.7M 0.54% of portfolio	9.19% 72.8M shares	≤ Q2 2013 Held for 12y 5m+	$96.6B
C Condire Management, LP Hedge Fund•Long/Short	Bradley Jay Shisler Managing Partner	$215.7M 26.40% of portfolio	3.79% 30.0M shares	Q2 2024 Held for 1y 5m	$817.0M
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	Anthony Ryan CEO	$198.5M 0.12% of portfolio	3.50% 27.7M shares	Q2 2022 Held for 3y 5m	$158.92B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$149.0M 0.20% of portfolio	2.62% 20.8M shares	Q3 2017 Held for 8y 2m	$75.8B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$134.3M 0.01% of portfolio	2.36% 18.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
A AMERICAN CENTURY COMPANIES INC Institution	-	$121.0M 0.06% of portfolio	2.13% 16.9M shares	Q3 2019 Held for 6y 2m	$195.93B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$95.9M 0.01% of portfolio	1.69% 13.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$82.2M 0.00% of portfolio	1.45% 11.5M shares	Q1 2015 Held for 10y 8m	$6.69T
J JGP Global Gestao de Recursos Ltda. Institution	-	$75.5M 44.51% of portfolio	1.33% 10.5M shares	Q1 2024 Held for 1y 8m	$169.7M
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$64.8M 0.01% of portfolio	1.14% 9.0M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B

Net Capital Flow

Institutional buying and selling activity for NGD in Q3 2025

Traded: +$161.8M
Buyers: 135
Sellers: 141
Total Bought: +$667.4M
Total Sold: −$505.7M
Avg Position: $9.8M

Biggest Buyers

Institution	Net Bought	Current Position
VAN ECK ASSOCIATES CORP ETF Provider	+$175.9M +24.5M shares	$522.7M 72.8M shares
VANGUARD GROUP INC Institution	+$77.1M +10.8M shares	$82.2M 11.5M shares
F FIL Ltd Institution	+$51.6M +7.2M shares	$51.6M 7.2M shares
FMR LLC Institution	+$51.2M +7.1M shares	$51.2M 7.1M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$49.4M +6.9M shares	$49.4M 6.9M shares
TORONTO DOMINION BANK Institution	+$37.4M +5.2M shares	$44.6M 6.2M shares
UBS Group AG Institution	+$26.9M +3.7M shares	$30.8M 4.3M shares
S SPROTT INC. Institution	+$25.4M +3.5M shares	$30.5M 4.2M shares
JPMORGAN CHASE & CO Institution	+$13.6M +1.9M shares	$95.9M 13.4M shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	+$13.3M +1.9M shares	$13.3M 1.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$60.2M −8.4M shares	$149.0M 20.8M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$49.7M −6.9M shares	$18.1M 2.5M shares
J JANE STREET GROUP, LLC Institution	−$33.2M −4.6M shares	$5.5M 772.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$28.7M −4.0M shares	$57.5M 8.0M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$25.5M −3.6M shares	$18.6M 2.6M shares
MORGAN STANLEY RIA/Wealth	−$24.2M −3.4M shares	$134.3M 18.7M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$23.7M −3.3M shares	$21.8M 3.0M shares
I Invenomic Capital Management LP Hedge Fund•Long/Short	−$20.9M −4.2M shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$20.1M −2.8M shares	$6.3M 877.6K shares
C Condire Management, LP Hedge Fund•Long/Short	−$19.4M −2.7M shares	$215.7M 30.0M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NGD in Q3 2025

New Positions: 38
New Value: $87.3M
Exited Positions: 38
Exited Value: $44.4M

New Positions

Institution	Position Value
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$49.4M 6.9M shares
W Wealth High Governance Capital Ltda Institution	$9.5M 1.3M shares
B BW Gestao de Investimentos Ltda. Institution	$6.3M 880.0K shares
HOHIMER WEALTH MANAGEMENT, LLC RIA/Wealth	$4.1M 577.3K shares
4D Advisors, LLC Hedge Fund•Long/Short	$2.9M 400.0K shares
O Orion Resource Partners LP Private Equity	$2.8M 393.6K shares
G Genus Capital Management Inc. Institution	$2.5M 345.9K shares
RFG Advisory Group, LLC RIA/Wealth	$1.8M 255.4K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$1.6M 226.4K shares
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	$1.1M 159.7K shares

Exited Positions

Institution	Previous Position
I Invenomic Capital Management LP Hedge Fund•Long/Short	$20.9M 4.2M shares
R Ruffer LLP Long Only Manager	$5.9M 1.2M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$4.7M 957.6K shares
P Point72 Asia Pte. Ltd. Institution	$3.2M 653.2K shares
C Capula Management Ltd Institution	$1.2M 170.1K shares
C Catalyst Funds Management Pty Ltd Institution	$1.1M 216.9K shares
Precision Wealth Strategies, LLC RIA/Wealth	$988.9K 199.8K shares
Puplava Financial Services, Inc. RIA/Wealth	$721.2K 145.7K shares
Toroso Investments, LLC ETF Provider	$592.8K 119.8K shares
S SG Americas Securities, LLC Institution	$541.8K 109.5K shares

Options Activity

Institutions with the largest Call and Put options positions in NGD as of Q3 2025

Call Positions: 11
Call Value: $75.6M
Put Positions: 9
Put Value: $6.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$38.7M 53.9K contracts
P PEAK6 LLC Institution	$17.2M 24.0K contracts
BANK OF MONTREAL /CAN/ Institution	$6.9M 9.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.9M 9.6K contracts
J JANE STREET GROUP, LLC Institution	$2.5M 3.4K contracts
W WOLVERINE TRADING, LLC Institution	$2.4M 3.5K contracts
Caption Management, LLC Hedge Fund•Long/Short	$718.0K 1.0K contracts
B Belvedere Trading LLC Institution	$109.9K 153.0 contracts
Walleye Trading LLC RIA/Wealth	$93.3K 130.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$61.7K 86.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.3M 4.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.2M 3.1K contracts
W WOLVERINE TRADING, LLC Institution	$554.5K 799.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$132.8K 185.0 contracts
Cresset Asset Management, LLC RIA/Wealth	$124.8K 125.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$40.9K 57.0 contracts
Walleye Trading LLC RIA/Wealth	$27.3K 38.0 contracts
BANK OF MONTREAL /CAN/ Institution	$4.3K 6.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Most Committed Institutions

Institutions with NGD as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
J JGP Global Gestao de Recursos Ltda. Institution	-	44.51% $75.5M	1.33% 10.5M shares	Q1 2024 Held for 1y 8m	$169.7M
C Condire Management, LP Hedge Fund•Long/Short	Bradley Jay Shisler Managing Partner	26.40% $215.7M	3.79% 30.0M shares	Q2 2024 Held for 1y 5m	$817.0M
Eschler Asset Management LLP Hedge Fund•Long/Short	John Pryce-Robertson Member	8.91% $11.3M	0.20% 1.6M shares	Q1 2025 Held for 8 months	$126.7M
TSP Capital Management Group, LLC Private Equity	Aaron Michael Perrine Managing Partner	7.64% $28.6M	0.50% 4.0M shares	Q4 2016 Held for 8y 11m	$373.7M
N Nokomis Capital, L.L.C. Hedge Fund•Long/Short	Kendall Katherine Lunney CFO	4.91% $13.6M	0.24% 1.9M shares	Q3 2024 Held for 1y 2m	$276.2M
P Pale Fire Capital SE Institution	-	4.89% $44.6M	0.78% 6.2M shares	Q1 2025 Held for 8 months	$912.4M
APIS CAPITAL ADVISORS, LLC Hedge Fund•Long/Short	Daniel James Barker CIO	4.87% $22.9M	0.40% 3.2M shares	Q2 2025 Held for 5 months	$471.4M
I Impala Asset Management LLC Hedge Fund•Long/Short	Robert James Bishop CEO	4.75% $6.5M	0.11% 900.0K shares	Q1 2024 Held for 1y 8m	$136.0M
W WINMILL & CO. INC Institution	-	3.66% $15.1M	0.27% 2.1M shares	Q1 2025 Held for 8 months	$412.4M
O Oppenheimer & Close, LLC Institution	-	3.35% $5.0M	0.09% 701.6K shares	Q3 2021 Held for 4y 2m	$150.2M

Hedge Fund Spotlight

Discover hedge funds investing in NGD

CAPSTONE INVESTMENT ADVISORS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerPaul Matthew Britton

Portfolio Value: $9.4B
Positions: 1,012
Last Reported: Q3 2025

Sector Allocation

Position in New Gold

Market Value: $128.5K
Shares Held: 17.9K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

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