Northern Dynasty Minerals LTD: which funds bought and sold

Institutions that bought and sold Northern Dynasty Minerals shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 102 institutions that filed 13F reports for both quarters added to or opened positions in Northern Dynasty Minerals, and 65 cut or closed them. Together they sold a net 5.5M shares, −4.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 5.0M shares (−9.2%); index fund managers were net buyers of 346K shares (+38.1%). 37 opened a new position and 26 sold out entirely.

Bought, Q2 2026 102 institutions, 37 of them new holders Sold, Q2 2026 65 institutions, 26 of them sold out

Net change, all compared −5.5M shares (−4.8%)

Net change, active managers −5.0M shares (−9.2%), 6 bought, 9 sold

Buyers versus sellers

institutions compared, 227

102 bought 60 65 sold

Active managers and hedge funds 6 bought · 9 sold · −5.0M

Index fund managers 4 bought · 0 sold · +346K

Other institutions 92 bought · 56 sold · −799K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Mirae Asset Global Etfs Holdings Ltd.	+2.1M +8.5%	26.4M	$50.4M
Jpmorgan Chase & Co	+870K +2121822.0%	870K	$1.7M
Susquehanna International Group, LLP	+629K +41.8%	2.1M	$4.1M
Osaic Holdings, Inc.	+536K +652.4%	619K	$1.2M
Cambridge Investment Research Advisors, Inc.	+444K +80.4%	995K	$1.9M
Citadel Advisors LLC Hedge fund	+441K +22.7%	2.4M	$4.6M
Newedge Advisors, LLC	+392K +1394.4%	420K	$806,839
Rathbones Group PLC	+282K New position	282K	$538,620
HRT Financial LP	+242K +118.0%	446K	$856,000
Point72 Asset Management, L.P. Hedge fund	+218K New position	218K	$422,531
Zurcher Kantonalbank (Zurich Cantonalbank)	+212K +135.5%	369K	$705,137
State Street Corp Index funds	+191K +45.2%	614K	$1.2M
Renaissance Technologies LLC Hedge fund	+190K +4.3%	4.7M	$8.9M
Bank Of Montreal	+136K +15.1%	1.0M	$2M
Blackrock, Inc. Index funds	+135K +121.3%	246K	$471,381
Bank Of America Corp	+134K +84.6%	292K	$560,748
Group One Trading LLC	+106K +25.1%	528K	$1M
Gotham Asset Management, LLC Hedge fund	+101K New position	101K	$193,311
Arax Advisory Partners	+84K New position	84K	$161,484
Quadrature Capital Ltd Hedge fund	+83K +62.0%	216K	$415,532

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	+441K +22.7%	2.4M	$4.6M
Point72 Asset Management, L.P. Hedge fund	+218K New position	218K	$422,531
Renaissance Technologies LLC Hedge fund	+190K +4.3%	4.7M	$8.9M
Gotham Asset Management, LLC Hedge fund	+101K New position	101K	$193,311
Quadrature Capital Ltd Hedge fund	+83K +62.0%	216K	$415,532
AQR Capital Management LLC Hedge fund	+13K +97.7%	26K	$50,467

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Two Sigma Investments, LP Hedge fund	−3.9M −39.5%	5.9M	$11.4M
Jane Street Group, LLC	−3.4M −62.3%	2.1M	$4M
GAM Holding AG	−1.8M −62.9%	1.1M	$2M
Millennium Management LLC Hedge fund	−1.5M −28.1%	3.9M	$7.5M
Bornite Capital Management LP	−1.0M Sold out	0	—
Sei Investments Co	−690K −44.3%	868K	$1.7M
Kopernik Global Investors, LLC Active manager	−477K −1.5%	32.2M	$61.8M
Wells Fargo & Company	−121K −83.3%	24K	$46,502
Ionic Capital Management LLC	−113K −24.7%	346K	$663,717
Swiss National Bank	−84K −7.6%	1.0M	$1.9M
Commonwealth Equity Services, LLC	−80K −3.1%	2.5M	$4.8M
Xtx Topco Ltd	−75K −49.9%	75K	$143,881
Caitong International Asset Management Co., Ltd	−71K Sold out	0	—
Shay Capital LLC	−70K Sold out	0	—
Nuveen, LLC	−65K −16.1%	338K	$646,083
Engineers Gate Manager LP Hedge fund	−62K −81.5%	14K	$26,932
Marshall Wace, LLP Hedge fund	−54K Sold out	0	—
Imc-Chicago, LLC	−49K −6.9%	663K	$1.3M
Goldman Sachs Group Inc	−41K −19.1%	175K	$336,876
Brevan Howard Capital Management LP Hedge fund	−37K −66.6%	19K	$37,665

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Two Sigma Investments, LP Hedge fund	−3.9M −39.5%	5.9M	$11.4M
Millennium Management LLC Hedge fund	−1.5M −28.1%	3.9M	$7.5M
Kopernik Global Investors, LLC Active manager	−477K −1.5%	32.2M	$61.8M
Engineers Gate Manager LP Hedge fund	−62K −81.5%	14K	$26,932
Marshall Wace, LLP Hedge fund	−54K Sold out	0	—
Brevan Howard Capital Management LP Hedge fund	−37K −66.6%	19K	$37,665
Tudor Investment Corp Et Al Hedge fund	−28K −47.4%	31K	$59,493
American Century Companies Inc Active manager	−26K −36.5%	45K	$86,076
Fisher Asset Management, LLC Active manager	−14K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Rathbones Group PLC	282K	$538,620
Point72 Asset Management, L.P.Hedge fund	218K	$422,531
Gotham Asset Management, LLCHedge fund	101K	$193,311
Arax Advisory Partners	84K	$161,484
Pasadena Private Wealth, LLC	52K	$100,710
Stone House Investment Management, LLC	52K	$99,024
Sowell Financial Services LLC	35K	$67,776
Ethos Financial Group, LLC	45K	$62,100
Blueshift Asset Management, LLC	31K	$58,593
Ameriprise Financial Inc	25K	$47,101

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Bornite Capital Management LP	1.0M	$1.4M
Caitong International Asset Management Co., Ltd	71K	$99,582
Shay Capital LLC	70K	$98,000
Marshall Wace, LLPHedge fund	54K	$75,600
State Of Wisconsin Investment Board	30K	$42,349
Linscomb Wealth, Inc.	27K	$37,100
Advance Capital Management, Inc.	23K	$31,500
Almanack Investment Partners, Llc.	20K	$28,462
Debussy Capital Management LP	20K	$28,000
Hibernia Wealth Partners, LLC	15K	$21,000

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 203
Ten largest holders: 77.5%
Index fund managers: 1.1%
Active managers and hedge funds: 45.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	6	9	2	2	−5.0M	−9.2%
Index fund managers	4	0	1	0	+346K	+38.1%
Other institutions	92	56	34	24	−799K	−1.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Northern Dynasty Minerals.

Only managers that filed a holdings report for both quarters are compared (227 here). 5 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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