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Northern Dynasty Minerals Ltd

NAK
Exchange
NYSE
Industry
Gold and Silver Ores
SEC CIK
0001164771

No open-market purchases or sales by Northern Dynasty Minerals Ltd insiders were filed in the last 90 days; 203 institutions reported holding it in 13F filings for Q2 2026, worth $211.1M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Northern Dynasty Minerals Ltd as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
156
+8 vs. Q2 2025
Shares held
86.0M
+26.3M (+44.0%) vs. Q2 2025
Total value
$103.5M
+$23.3M (+29.0%) vs. Q2 2025
New holders
34
54 more added
Sold out
26
29 more reduced

3 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NAK on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 156 institutions
Q1 2021: 84 institutionsQ2 2021: 84 institutionsQ3 2021: 84 institutionsQ4 2021: 87 institutionsQ1 2022: 89 institutionsQ2 2022: 84 institutionsQ3 2022: 82 institutionsQ4 2022: 87 institutionsQ1 2023: 88 institutionsQ2 2023: 89 institutionsQ3 2023: 94 institutionsQ4 2023: 90 institutionsQ1 2024: 93 institutionsQ2 2024: 91 institutionsQ3 2024: 99 institutionsQ4 2024: 112 institutionsQ1 2025: 139 institutionsQ2 2025: 151 institutionsQ3 2025: 156 institutionsQ4 2025: 168 institutionsQ1 2026: 193 institutionsQ2 2026: 203 institutions
Value heldQ3 2025: $103.5M
Q1 2021: $39.5MQ2 2021: $34.6MQ3 2021: $33.9MQ4 2021: $23.2MQ1 2022: $28.5MQ2 2022: $17.4MQ3 2022: $15.5MQ4 2022: $13.8MQ1 2023: $14.8MQ2 2023: $11.7MQ3 2023: $16.3MQ4 2023: $17.2MQ1 2024: $22.3MQ2 2024: $19.2MQ3 2024: $19.3MQ4 2024: $35.4MQ1 2025: $61.7MQ2 2025: $80.5MQ3 2025: $103.5MQ4 2025: $206.3MQ1 2026: $161.6MQ2 2026: $211.1M
Institutions holding NAK and their total value by quarter
QuarterHoldersValue
Q2 2026203$211.1M
Q1 2026193$161.6M
Q4 2025168$206.3M
Q3 2025156$103.5M
Q2 2025151$80.5M
Q1 2025139$61.7M
Q4 2024112$35.4M
Q3 202499$19.3M
Q2 202491$19.2M
Q1 202493$22.3M
Q4 202390$17.2M
Q3 202394$16.3M
Q2 202389$11.7M
Q1 202388$14.8M
Q4 202287$13.8M
Q3 202282$15.5M
Q2 202284$17.4M
Q1 202289$28.5M
Q4 202187$23.2M
Q3 202184$33.9M
Q2 202184$34.6M
Q1 202184$39.5M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Northern Dynasty Minerals Ltd; share changes are against Q2 2025.

Institutions holding NAK in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Kopernik Global Investors, LLC21,661,178$26.0M2.12%+1,995,111+10.1%Added
Mirae Asset Global ETFs Holdings Ltd.14,088,681$17.1M0.03%+1,442,764+11.4%Added
Russell Investments Group, Ltd.4,810,176$5.78M0.01%−579,765−10.8%Reduced
Millennium Management LLC4,406,828$5.29M0.00%+3,468,174+369.5%Added
Citadel Advisors LLC4,034,048$4.84M0.00%+2,780,065+221.7%Added
GAM Holding AG3,469,100$4.16M0.26%+669,100+23.9%Added
Commonwealth Equity Services, LLC2,986,579$3.58M0.00%+2,710,720+982.6%Added
Wexford Capital LP2,978,971$3.57M1.08%+2,410,269+423.8%Added
Two Sigma Investments, LP2,218,984$2.66M0.00%+1,673,333+306.7%Added
CenterBook Partners LP2,036,478$2.44M0.12%+2,036,478New
SEI Investments Co1,835,833$2.20M0.00%−4,562−0.2%Reduced
Royal Bank of Canada1,802,794$2.16M0.00%+889,715+97.4%Added
Jane Street Group, LLC1,768,854$2.12M0.00%+1,032,656+140.3%Added
Mackenzie Financial Corp1,656,473$2.01M0.00%+1,656,473New
HRT Financial LP1,665,362$2.00M0.01%+1,534,773+1,175.3%Added
UBS Group AG1,140,609$1.37M0.00%+1,048,116+1,133.2%Added
Susquehanna International Group, LLP1,090,393$1.31M0.00%+316,283+40.9%Added
Connor, Clark & Lunn Investment Management Ltd.1,011,100$1.23M0.00%−455,200−31.0%Reduced
LMR Partners LLP900,000$1.08M0.01%+400,000+80.0%Added
Two Sigma Advisers, LP828,500$994.2K0.00%+828,500New
TD Asset Management Inc691,016$839.3K0.00%+691,016New
Cambridge Investment Research Advisors, Inc.643,598$772.0K0.00%+291,800+82.9%Added
Ionic Capital Management LLC517,500$621.0K0.69%+260,000+101.0%Added
Nations Financial Group Inc,418,300$502.0K0.03%00.0%Unchanged
Cantor Fitzgerald, L. P.376,245$451.5K0.01%+301,392+402.6%Added
Wells Fargo & Company366,687$440.0K0.00%−269,428−42.4%Reduced
Graham Capital Management, L.P.326,815$392.2K0.01%+326,815New
Bank of America Corp297,673$357.2K0.00%−69,612−19.0%Reduced
LCM Capital Management Inc276,388$331.7K0.16%−27,000−8.9%Reduced
Bank of Montreal257,475$312.6K0.00%+140,000+119.2%Added
XTX Topco Ltd213,489$256.2K0.01%−422,645−66.4%Reduced
RFG Advisory, LLC202,990$243.6K0.01%+106,121+109.6%Added
Cadinha & Co LLC202,384$242.9K0.03%00.0%Unchanged
Pentwater Capital Management LP200,000$240.0K0.00%+200,000New
Perigon Wealth Management, LLC190,000$228.0K0.00%+190,000New
Grimes & Company, Inc.189,750$227.7K0.01%−109,200−36.5%Reduced
Kiker Wealth Management, LLC188,312$226.0K0.11%+43,883+30.4%Added
IMC-Chicago, LLC186,468$223.8K0.00%+186,468New
Group One Trading, L.P.180,018$216.0K0.01%−416,417−69.8%Reduced
Aletheian Wealth Advisors LLC168,200$201.8K0.09%+59,000+54.0%Added
HighTower Advisors, LLC149,078$178.9K0.00%+149,078New
LPL Financial LLC138,950$166.7K0.00%+78,950+131.6%Added
Stratos Wealth Advisors, LLC136,681$164.0K0.01%+56,000+69.4%Added
Federation des caisses Desjardins du Quebec130,350$157.3K0.00%+100,850+341.9%Added
Goldman Sachs Group Inc117,606$141.1K0.00%+40,122+51.8%Added
Empowered Funds, LLC111,320$133.6K0.00%+19,759+21.6%Added
Brady Family Wealth, LLC110,000$132.0K0.04%00.0%Unchanged
Brevan Howard Capital Management LP91,994$110.4K0.00%+91,994New
Advisor Group Holdings, Inc.109,474$107.8K0.00%+18,300+20.1%Added
Cetera Investment Advisers87,217$104.7K0.00%+40,712+87.5%Added
Miracle Mile Advisors, LLC85,955$103.1K0.00%00.0%Unchanged
Game Plan Financial Advisors, LLC79,000$94.8K0.04%00.0%Unchanged
Cerity Partners LLC75,000$90.0K0.00%+5,000+7.1%Added
Pekin Hardy Strauss, Inc.75,000$90.0K0.01%+35,000+87.5%Added
Captrust Financial Advisors74,232$89.1K0.00%+15,000+25.3%Added
Wolverine Trading, LLC59,572$74.5K0.00%+31,148+109.6%Added
FNY Investment Advisers, LLC60,643$72.0K0.02%−156,657−72.1%Reduced
HHM Wealth Advisors, LLC55,281$66.3K0.01%+46,776+550.0%Added
American Century Companies Inc53,722$65.2K0.00%+3,722+7.4%Added
Scratch Capital LLC53,180$63.8K0.04%00.0%Unchanged
Brookwood Investment Group LLC52,287$62.7K0.01%+52,287New
Allegheny Financial Group LTD52,100$62.5K0.01%00.0%Unchanged
Raymond James Financial Inc51,635$62.0K0.00%+28,465+122.9%Added
Range Financial Group LLC50,000$60.0K0.02%+40,000+400.0%Added
Caption Management, LLC50,000$60.0K0.00%+50,000New
Quantbot Technologies LP48,552$58.3K0.00%+46,217+1,979.3%Added
Versant Capital Management, Inc40,606$48.7K0.01%00.0%Unchanged
Two Sigma Securities, LLC40,526$48.6K0.01%−32,814−44.7%Reduced
Morgan Stanley39,585$47.5K0.00%−101,089−71.9%Reduced
Dakota Wealth Management39,024$46.8K0.00%+9,541+32.4%Added
Baader Bank INC59,965$45.0K0.00%+59,965New
Strategy Asset Managers LLC36,500$43.8K0.01%00.0%Unchanged
Keystone Wealth Services, LLC36,250$43.5K0.01%+15,000+70.6%Added
Cary Street Partners Financial LLC36,000$43.2K0.00%+10,000+38.5%Added
Marex Group plc34,044$40.9K0.00%+1,777+5.5%Added
Founders Financial Securities LLC33,445$40.1K0.00%−9,555−22.2%Reduced
True North Advisors, LLC32,750$39.3K0.01%−20,000−37.9%Reduced
Allium Financial Advisors, LLC32,500$39.0K0.03%+2,500+8.3%Added
Vivaldi Capital Management, LLC32,000$38.4K0.01%00.0%Unchanged
Ellsworth Advisors, LLC13,932$36.8K0.01%00.0%Unchanged
Baird Financial Group, Inc.30,600$36.7K0.00%00.0%Unchanged
SBI Securities Co., Ltd.30,467$36.6K0.00%+24,051+374.9%Added
626 Financial, LLC30,200$36.2K0.02%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC30,000$36.0K0.00%+30,000New
Wealth Enhancement Advisory Services, LLC18,320$34.4K0.00%00.0%Unchanged
Advisory Alpha, LLC27,295$33.3K0.00%+27,295New
Creative Planning26,677$32.0K0.00%−1,212−4.3%Reduced
Toronto Dominion Bank25,000$31.0K0.00%+25,000New
Equitable Trust Co25,000$30.0K0.00%−25,000−50.0%Reduced
Private Advisor Group, LLC25,000$30.0K0.00%+10,000+66.7%Added
Janney Montgomery Scott LLC25,000$30.0K0.00%+25,000New
TCFG Wealth Management, LLC24,600$29.5K0.01%00.0%Unchanged
Advance Capital Management, Inc.22,500$27.0K0.00%+22,500New
Kestra Advisory Services, LLC22,290$26.7K0.00%+22,290New
PFG Investments, LLC21,081$25.3K0.00%+10,081+91.6%Added
Prairiewood Capital, LLC20,000$24.0K0.01%00.0%Unchanged
Vident Advisory, LLC19,948$23.9K0.00%+19,948New
United Capital Management of KS, Inc.18,418$22.1K0.00%00.0%Unchanged
Great Valley Advisor Group, Inc.17,880$21.5K0.00%+17,880New
Squarepoint Ops LLC16,661$20.0K0.00%−65,310−79.7%Reduced