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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, Q4 2025

Institutional positions in Northern Dynasty Minerals Ltd as of Dec 31, 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
168
+15 vs. Q3 2025
Shares held
104.7M
+18.9M (+22.0%) vs. Q3 2025
Total value
$206.3M
+$103.0M (+99.8%) vs. Q3 2025
New holders
42
40 more added
Sold out
27
43 more reduced

3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 168 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 heldQ4 2025: $206.3M
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, Q4 2025

Shares, value and share of portfolio for each institution holding Northern Dynasty Minerals Ltd; share changes are against Q3 2025.

Institutions holding NAK in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Kopernik Global Investors, LLC21,661,178$42.7M3.41%00.0%Unchanged
Mirae Asset Global ETFs Holdings Ltd.17,166,767$33.8M0.05%+3,078,086+21.8%Added
Millennium Management LLC13,364,357$26.3M0.02%+8,957,529+203.3%Added
Jane Street Group, LLC7,955,282$15.7M0.02%+6,186,428+349.7%Added
Two Sigma Investments, LP6,316,087$12.4M0.02%+4,097,103+184.6%Added
Bornite Capital Management LP5,385,000$10.6M1.04%+5,385,000New
GAM Holding AG3,626,000$7.14M0.46%+156,900+4.5%Added
Russell Investments Group, Ltd.3,483,982$6.86M0.01%−1,326,194−27.6%Reduced
Susquehanna International Group, LLP3,253,362$6.41M0.01%+2,162,969+198.4%Added
Citadel Advisors LLC2,926,220$5.76M0.00%−1,107,828−27.5%Reduced
Two Sigma Advisers, LP2,550,496$5.02M0.01%+1,721,996+207.8%Added
Commonwealth Equity Services, LLC2,100,825$4.14M0.01%−885,754−29.7%Reduced
SEI Investments Co1,835,833$3.62M0.00%00.0%Unchanged
Mackenzie Financial Corp1,216,148$2.41M0.00%−440,325−26.6%Reduced
UBS Group AG900,199$1.77M0.00%−240,410−21.1%Reduced
Point72 Asset Management, L.P.769,596$1.52M0.00%+769,596New
TD Asset Management Inc747,342$1.47M0.00%+56,326+8.2%Added
Group One Trading, L.P.690,190$1.36M0.04%+510,172+283.4%Added
Quadrature Capital Ltd601,180$1.18M0.01%+601,180New
Cambridge Investment Research Advisors, Inc.537,657$1.06M0.00%−105,941−16.5%Reduced
IMC-Chicago, LLC485,236$955.9K0.02%+298,768+160.2%Added
Nations Financial Group Inc,418,300$824.1K0.04%00.0%Unchanged
Caption Management, LLC390,000$768.3K0.03%+340,000+680.0%Added
Ionic Capital Management LLC309,000$608.7K0.60%−208,500−40.3%Reduced
Brevan Howard Capital Management LP271,200$541.0K0.01%+179,206+194.8%Added
LCM Capital Management Inc244,388$481.4K0.23%−32,000−11.6%Reduced
Bank of America Corp243,247$479.2K0.00%−54,426−18.3%Reduced
Goldman Sachs Group Inc231,823$456.7K0.00%+114,217+97.1%Added
Hudson Bay Capital Management LP225,000$443.3K0.00%+225,000New
Perigon Wealth Management, LLC216,100$425.7K0.01%+26,100+13.7%Added
RFG Advisory, LLC202,490$398.9K0.01%−500−0.2%Reduced
Grimes & Company, Inc.189,750$373.8K0.01%00.0%Unchanged
State Street Corp153,300$302.0K0.00%+153,300New
LPL Financial LLC140,553$276.9K0.00%+1,603+1.2%Added
Bank of Montreal138,089$271.6K0.00%−119,386−46.4%Reduced
HighTower Advisors, LLC131,651$259.4K0.00%−17,427−11.7%Reduced
Brady Family Wealth, LLC110,000$216.7K0.07%00.0%Unchanged
Advisor Group Holdings, Inc.108,774$214.3K0.00%−700−0.6%Reduced
Raymond James Financial Inc102,602$202.1K0.00%+50,967+98.7%Added
BlackRock, Inc.100,942$198.9K0.00%+90,656+881.4%Added
Virtu Financial LLC100,051$197.0K0.01%+100,051New
Western Reserve Capital Management, LLC100,000$197.0K0.18%+100,000New
Cetera Investment Advisers99,557$196.1K0.00%+12,340+14.1%Added
Stratos Wealth Advisors, LLC98,788$194.6K0.01%−37,893−27.7%Reduced
Wells Fargo & Company97,454$192.0K0.00%−269,233−73.4%Reduced
Miracle Mile Advisors, LLC85,955$169.3K0.00%00.0%Unchanged
Tudor Investment Corp Et Al80,000$157.6K0.00%+80,000New
Cerity Partners LLC79,526$156.7K0.00%+4,526+6.0%Added
Federation des caisses Desjardins du Quebec78,850$152.9K0.00%−51,500−39.5%Reduced
Pekin Hardy Strauss, Inc.75,000$147.8K0.01%00.0%Unchanged
Empowered Funds, LLC73,781$145.3K0.00%−37,539−33.7%Reduced
Royal Bank of Canada67,226$133.0K0.00%−1,735,568−96.3%Reduced
Marshall Wace, LLP65,805$129.6K0.00%+65,805New
Soros Fund Management LLCSuperinvestorSoros Fund Management64,305$126.7K0.00%+64,305New
HHM Wealth Advisors, LLC58,586$115.4K0.01%+3,305+6.0%Added
American Century Companies Inc54,653$107.5K0.00%+931+1.7%Added
Captrust Financial Advisors52,399$103.2K0.00%−21,833−29.4%Reduced
Allegheny Financial Group LTD52,100$102.6K0.02%00.0%Unchanged
SIH Partners, LLLP51,666$101.8K0.01%+51,666New
Range Financial Group LLC50,000$98.5K0.03%00.0%Unchanged
Game Plan Financial Advisors, LLC45,000$88.7K0.04%−34,000−43.0%Reduced
Cary Street Partners Financial LLC41,000$80.8K0.00%+5,000+13.9%Added
Pittenger & Anderson Inc40,750$80.3K0.00%+40,750New
Versant Capital Management, Inc40,606$80.0K0.01%00.0%Unchanged
Sig Brokerage, LP39,997$78.8K0.03%+39,997New
Dakota Wealth Management38,984$76.8K0.00%−40−0.1%Reduced
Wealth Enhancement Advisory Services, LLC32,121$70.7K0.00%+13,801+75.3%Added
Morgan Stanley35,483$69.9K0.00%−4,102−10.4%Reduced
Allium Financial Advisors, LLC35,000$69.0K0.05%+2,500+7.7%Added
Caitong International Asset Management Co., Ltd34,606$68.2K0.02%+33,948+5,159.3%Added
Creative Planning33,045$65.1K0.00%+6,368+23.9%Added
FNY Investment Advisers, LLC32,500$64.0K0.02%−28,143−46.4%Reduced
Scratch Capital LLC32,434$63.9K0.04%−20,746−39.0%Reduced
Two Sigma Securities, LLC32,119$63.3K0.01%−8,407−20.7%Reduced
XTX Topco Ltd31,651$62.4K0.00%−181,838−85.2%Reduced
Baird Financial Group, Inc.30,600$60.3K0.00%00.0%Unchanged
626 Financial, LLC30,200$59.5K0.03%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC30,000$59.1K0.00%00.0%Unchanged
SBI Securities Co., Ltd.29,417$58.0K0.00%−1,050−3.4%Reduced
Vivaldi Capital Management, LLC29,000$57.1K0.01%−3,000−9.4%Reduced
One + One Wealth Management, LLC26,008$51.2K0.02%+9,908+61.5%Added
Sage Investment Advisers LLC26,000$51.2K0.04%+26,000New
Kestra Advisory Services, LLC25,290$49.8K0.00%+3,000+13.5%Added
Equitable Trust Co25,000$49.3K0.00%00.0%Unchanged
Silverlake Wealth Management LLC25,000$49.3K0.01%+14,518+138.5%Added
Toronto Dominion Bank25,000$49.0K0.00%00.0%Unchanged
Janney Montgomery Scott LLC25,000$49.0K0.00%00.0%Unchanged
Strategy Asset Managers LLC24,825$48.9K0.01%−11,675−32.0%Reduced
TCFG Wealth Management, LLC24,600$48.5K0.02%00.0%Unchanged
GWM Advisors LLC23,834$47.0K0.00%+23,834New
Gotham Asset Management, LLC22,978$45.3K0.00%+22,978New
True North Advisors, LLC22,750$44.8K0.01%−10,000−30.5%Reduced
Advance Capital Management, Inc.22,500$44.3K0.00%00.0%Unchanged
OLIO Financial Planning22,420$44.2K0.01%+22,420New
Almanack Investment Partners, LLC.20,330$40.0K0.01%+20,330New
Prairiewood Capital, LLC20,000$39.4K0.01%00.0%Unchanged
Hartree Partners, LP20,000$39.3K0.01%+20,000New
Vident Advisory, LLC19,514$38.4K0.00%−434−2.2%Reduced
Allworth Financial LP19,392$38.2K0.00%+19,392Added
Founders Financial Securities LLC19,000$37.4K0.00%−14,445−43.2%Reduced