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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
CWM, LLC129$00.00%−1,871−93.6%Reduced
Citigroup Inc177$3490.00%−3,583−95.3%Reduced
Aviso Financial Inc.190$3730.00%00.0%Unchanged
Rhumbline Advisers440$8660.00%+440New
NBC Securities, Inc.500$9850.00%00.0%Unchanged
Cape Investment Advisory, Inc.500$9850.00%+500New
Independence Bank of Kentucky525$1.03K0.00%+525New
MAI Capital Management666$1.31K0.00%00.0%Unchanged
Belvedere Trading LLC772$1.52K0.00%+772New
Dauntless Investment Group, LLC880$1.73K0.01%−7,862−89.9%Reduced
US Bancorp1,000$1.97K0.00%00.0%Unchanged
Financial Consulate, Inc1,000$1.97K0.00%+1,000New
Creative Financial Designs Inc1,100$2.17K0.00%00.0%Unchanged
VSM Wealth Advisory, LLC1,176$2.32K0.00%00.0%Unchanged
Evelyn Partners Investment Management LLP1,200$2.36K0.00%00.0%Unchanged
Global Retirement Partners, LLC2,000$3.94K0.00%+2,000New
Aquatic Capital Management LLC2,216$4.37K0.00%+2,216New
Harbour Investments, Inc.2,904$5.72K0.00%+385+15.3%Added
Acumen Wealth Advisors, LLC3,000$5.91K0.00%+3,000New
ORG Partners LLC3,190$6.28K0.00%−1,000−23.9%Reduced
Quadrant Capital Group LLC3,496$6.89K0.00%+2,181+165.9%Added
Strategic Wealth Partners, Ltd.3,500$6.89K0.00%00.0%Unchanged
Loring Wolcott & Coolidge Fiduciary Advisors LLP3,000$7.53K0.00%00.0%Unchanged
Signaturefd, LLC3,955$7.79K0.00%+1,455+58.2%Added
Sound Income Strategies, LLC5,000$9.55K0.00%00.0%Unchanged
CoreCap Advisors, LLC4,865$9.58K0.00%+1,456+42.7%Added
Islay Capital Management, LLC5,000$9.85K0.01%+5,000New
IFC & Insurance Marketing, Inc.5,000$10.0K0.01%+5,000New
Ridgepath Capital Management LLC10,000$12.0K0.01%00.0%Unchanged
Parallel Advisors, LLC6,422$12.7K0.00%+2,222+52.9%Added
Steward Partners Investment Advisory, LLC6,818$13.4K0.00%00.0%Unchanged
Quadcap Wealth Management, LLC8,600$16.9K0.00%00.0%Unchanged
National Bank of Canada9,835$18.4K0.00%−5,658−36.5%Reduced
Sheets Smith Wealth Management10,000$19.7K0.00%00.0%Unchanged
NVWM, LLC10,000$19.7K0.00%00.0%Unchanged
Hoey Investments, Inc10,000$19.7K0.00%00.0%Unchanged
Arkadios Wealth Advisors10,000$19.7K0.00%00.0%Unchanged
Strategies Wealth Advisors, LLC10,000$19.7K0.00%00.0%Unchanged
Moors & Cabot, Inc.10,000$19.7K0.00%+10,000New
Monticello Wealth Management, LLC10,500$20.7K0.00%00.0%Unchanged
Doliver Advisors, LP10,500$20.7K0.01%+10,500New
TD Waterhouse Canada Inc.11,000$21.3K0.00%+500+4.8%Added
Advisory Alpha, LLC10,958$21.6K0.00%−16,337−59.9%Reduced
Holistic Planning, LLC11,000$21.7K0.00%00.0%Unchanged
Private Advisor Group, LLC12,000$23.6K0.00%−13,000−52.0%Reduced
Sequoia Financial Advisors, LLC12,296$24.2K0.00%+1,500+13.9%Added
Cookson Peirce & Co Inc12,479$24.6K0.00%00.0%Unchanged
Brookstone Capital Management12,982$25.6K0.00%+12,982New
Principia Wealth Advisory, LLC13,000$25.6K0.02%−3,000−18.8%Reduced
PFG Investments, LLC13,081$25.8K0.00%−8,000−37.9%Reduced
CI Private Wealth, LLC13,250$26.1K0.00%00.0%Unchanged
Merit Financial Group, LLC13,331$26.3K0.00%+13,331New
Investment Planning Advisors, Inc.13,400$26.4K0.01%+13,400New
SevenBridge Financial Group, LLC11,000$26.4K0.00%+11,000New
Kovack Advisors, Inc.13,500$26.6K0.00%+13,500New
Integrity Alliance, LLC.13,900$27.4K0.00%−100−0.7%Reduced
Jones Financial Companies LLLP14,129$27.8K0.00%+6,685+89.8%Added
Wealth Alliance Advisory Group, LLC15,000$29.6K0.01%00.0%Unchanged
Webster Bank, N. A.15,000$29.6K0.00%+15,000New
Hibernia Wealth Partners, LLC15,000$29.6K0.01%+15,000New
Independent Wealth Network Inc.15,670$30.9K0.01%−60−0.4%Reduced
Walleye Capital LLC16,000$31.5K0.00%+16,000New
Lazard Asset Management LLC16,304$32.1K0.00%+16,304New
Resolute Capital, LLC16,600$32.7K0.01%+16,600New
CIBC World Markets Inc.17,534$34.5K0.00%+7,334+71.9%Added
Great Valley Advisor Group, Inc.17,880$35.2K0.00%00.0%Unchanged
Keystone Financial Group18,000$35.5K0.00%+18,000New
Ellsworth Advisors, LLC17,822$36.0K0.01%+3,890+27.9%Added
Founders Financial Securities LLC19,000$37.4K0.00%−14,445−43.2%Reduced
Allworth Financial LP19,392$38.2K0.00%+19,392Added
Vident Advisory, LLC19,514$38.4K0.00%−434−2.2%Reduced
Hartree Partners, LP20,000$39.3K0.01%+20,000New
Prairiewood Capital, LLC20,000$39.4K0.01%00.0%Unchanged
Almanack Investment Partners, LLC.20,330$40.0K0.01%+20,330New
OLIO Financial Planning22,420$44.2K0.01%+22,420New
Advance Capital Management, Inc.22,500$44.3K0.00%00.0%Unchanged
True North Advisors, LLC22,750$44.8K0.01%−10,000−30.5%Reduced
Gotham Asset Management, LLC22,978$45.3K0.00%+22,978New
GWM Advisors LLC23,834$47.0K0.00%+23,834New
TCFG Wealth Management, LLC24,600$48.5K0.02%00.0%Unchanged
Strategy Asset Managers LLC24,825$48.9K0.01%−11,675−32.0%Reduced
Toronto Dominion Bank25,000$49.0K0.00%00.0%Unchanged
Janney Montgomery Scott LLC25,000$49.0K0.00%00.0%Unchanged
Equitable Trust Co25,000$49.3K0.00%00.0%Unchanged
Silverlake Wealth Management LLC25,000$49.3K0.01%+14,518+138.5%Added
Kestra Advisory Services, LLC25,290$49.8K0.00%+3,000+13.5%Added
Sage Investment Advisers LLC26,000$51.2K0.04%+26,000New
One + One Wealth Management, LLC26,008$51.2K0.02%+9,908+61.5%Added
Vivaldi Capital Management, LLC29,000$57.1K0.01%−3,000−9.4%Reduced
SBI Securities Co., Ltd.29,417$58.0K0.00%−1,050−3.4%Reduced
Wiley Bros.-Aintree Capital, LLC30,000$59.1K0.00%00.0%Unchanged
626 Financial, LLC30,200$59.5K0.03%00.0%Unchanged
Baird Financial Group, Inc.30,600$60.3K0.00%00.0%Unchanged
XTX Topco Ltd31,651$62.4K0.00%−181,838−85.2%Reduced
Two Sigma Securities, LLC32,119$63.3K0.01%−8,407−20.7%Reduced
Scratch Capital LLC32,434$63.9K0.04%−20,746−39.0%Reduced
FNY Investment Advisers, LLC32,500$64.0K0.02%−28,143−46.4%Reduced
Creative Planning33,045$65.1K0.00%+6,368+23.9%Added
Caitong International Asset Management Co., Ltd34,606$68.2K0.02%+33,948+5,159.3%Added
Allium Financial Advisors, LLC35,000$69.0K0.05%+2,500+7.7%Added