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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
Morgan Stanley35,483$69.9K0.00%−4,102−10.4%Reduced
Wealth Enhancement Advisory Services, LLC32,121$70.7K0.00%+13,801+75.3%Added
Dakota Wealth Management38,984$76.8K0.00%−40−0.1%Reduced
Sig Brokerage, LP39,997$78.8K0.03%+39,997New
Versant Capital Management, Inc40,606$80.0K0.01%00.0%Unchanged
Pittenger & Anderson Inc40,750$80.3K0.00%+40,750New
Cary Street Partners Financial LLC41,000$80.8K0.00%+5,000+13.9%Added
Game Plan Financial Advisors, LLC45,000$88.7K0.04%−34,000−43.0%Reduced
Range Financial Group LLC50,000$98.5K0.03%00.0%Unchanged
SIH Partners, LLLP51,666$101.8K0.01%+51,666New
Allegheny Financial Group LTD52,100$102.6K0.02%00.0%Unchanged
Captrust Financial Advisors52,399$103.2K0.00%−21,833−29.4%Reduced
American Century Companies Inc54,653$107.5K0.00%+931+1.7%Added
HHM Wealth Advisors, LLC58,586$115.4K0.01%+3,305+6.0%Added
Soros Fund Management LLCSuperinvestorSoros Fund Management64,305$126.7K0.00%+64,305New
Marshall Wace, LLP65,805$129.6K0.00%+65,805New
Royal Bank of Canada67,226$133.0K0.00%−1,735,568−96.3%Reduced
Empowered Funds, LLC73,781$145.3K0.00%−37,539−33.7%Reduced
Pekin Hardy Strauss, Inc.75,000$147.8K0.01%00.0%Unchanged
Federation des caisses Desjardins du Quebec78,850$152.9K0.00%−51,500−39.5%Reduced
Cerity Partners LLC79,526$156.7K0.00%+4,526+6.0%Added
Tudor Investment Corp Et Al80,000$157.6K0.00%+80,000New
Miracle Mile Advisors, LLC85,955$169.3K0.00%00.0%Unchanged
Wells Fargo & Company97,454$192.0K0.00%−269,233−73.4%Reduced
Stratos Wealth Advisors, LLC98,788$194.6K0.01%−37,893−27.7%Reduced
Cetera Investment Advisers99,557$196.1K0.00%+12,340+14.1%Added
Virtu Financial LLC100,051$197.0K0.01%+100,051New
Western Reserve Capital Management, LLC100,000$197.0K0.18%+100,000New
BlackRock, Inc.100,942$198.9K0.00%+90,656+881.4%Added
Raymond James Financial Inc102,602$202.1K0.00%+50,967+98.7%Added
Advisor Group Holdings, Inc.108,774$214.3K0.00%−700−0.6%Reduced
Brady Family Wealth, LLC110,000$216.7K0.07%00.0%Unchanged
HighTower Advisors, LLC131,651$259.4K0.00%−17,427−11.7%Reduced
Bank of Montreal138,089$271.6K0.00%−119,386−46.4%Reduced
LPL Financial LLC140,553$276.9K0.00%+1,603+1.2%Added
State Street Corp153,300$302.0K0.00%+153,300New
Grimes & Company, Inc.189,750$373.8K0.01%00.0%Unchanged
RFG Advisory, LLC202,490$398.9K0.01%−500−0.2%Reduced
Perigon Wealth Management, LLC216,100$425.7K0.01%+26,100+13.7%Added
Hudson Bay Capital Management LP225,000$443.3K0.00%+225,000New
Goldman Sachs Group Inc231,823$456.7K0.00%+114,217+97.1%Added
Bank of America Corp243,247$479.2K0.00%−54,426−18.3%Reduced
LCM Capital Management Inc244,388$481.4K0.23%−32,000−11.6%Reduced
Brevan Howard Capital Management LP271,200$541.0K0.01%+179,206+194.8%Added
Ionic Capital Management LLC309,000$608.7K0.60%−208,500−40.3%Reduced
Caption Management, LLC390,000$768.3K0.03%+340,000+680.0%Added
Nations Financial Group Inc,418,300$824.1K0.04%00.0%Unchanged
IMC-Chicago, LLC485,236$955.9K0.02%+298,768+160.2%Added
Cambridge Investment Research Advisors, Inc.537,657$1.06M0.00%−105,941−16.5%Reduced
Quadrature Capital Ltd601,180$1.18M0.01%+601,180New
Group One Trading, L.P.690,190$1.36M0.04%+510,172+283.4%Added
TD Asset Management Inc747,342$1.47M0.00%+56,326+8.2%Added
Point72 Asset Management, L.P.769,596$1.52M0.00%+769,596New
UBS Group AG900,199$1.77M0.00%−240,410−21.1%Reduced
Mackenzie Financial Corp1,216,148$2.41M0.00%−440,325−26.6%Reduced
SEI Investments Co1,835,833$3.62M0.00%00.0%Unchanged
Commonwealth Equity Services, LLC2,100,825$4.14M0.01%−885,754−29.7%Reduced
Two Sigma Advisers, LP2,550,496$5.02M0.01%+1,721,996+207.8%Added
Citadel Advisors LLC2,926,220$5.76M0.00%−1,107,828−27.5%Reduced
Susquehanna International Group, LLP3,253,362$6.41M0.01%+2,162,969+198.4%Added
Russell Investments Group, Ltd.3,483,982$6.86M0.01%−1,326,194−27.6%Reduced
GAM Holding AG3,626,000$7.14M0.46%+156,900+4.5%Added
Bornite Capital Management LP5,385,000$10.6M1.04%+5,385,000New
Two Sigma Investments, LP6,316,087$12.4M0.02%+4,097,103+184.6%Added
Jane Street Group, LLC7,955,282$15.7M0.02%+6,186,428+349.7%Added
Millennium Management LLC13,364,357$26.3M0.02%+8,957,529+203.3%Added
Mirae Asset Global ETFs Holdings Ltd.17,166,767$33.8M0.05%+3,078,086+21.8%Added
Kopernik Global Investors, LLC21,661,178$42.7M3.41%00.0%Unchanged
Wexford Capital LP0$00.00%−2,978,971−100.0%Sold out
CenterBook Partners LP0$00.00%−2,036,478−100.0%Sold out
HRT Financial LP0$00.00%−1,665,362−100.0%Sold out
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−1,011,100−100.0%Sold out
LMR Partners LLP0$00.00%−900,000−100.0%Sold out
Cantor Fitzgerald, L. P.0$00.00%−376,245−100.0%Sold out
Graham Capital Management, L.P.0$00.00%−326,815−100.0%Sold out
Cadinha & Co LLC0$00.00%−202,384−100.0%Sold out
Pentwater Capital Management LP0$00.00%−200,000−100.0%Sold out
Kiker Wealth Management, LLC0$00.00%−188,312−100.0%Sold out
Brookwood Investment Group LLC0$00.00%−52,287−100.0%Sold out
Quantbot Technologies LP0$00.00%−48,552−100.0%Sold out
Baader Bank INC0$00.00%−59,965−100.0%Sold out
Keystone Wealth Services, LLC0$00.00%−36,250−100.0%Sold out
Marex Group plc0$00.00%−34,044−100.0%Sold out
United Capital Management of KS, Inc.0$00.00%−18,418−100.0%Sold out
Squarepoint Ops LLC0$00.00%−16,661−100.0%Sold out
Cullen Investment Group, Ltd.0$00.00%−14,333−100.0%Sold out
Mariner, LLC0$00.00%−11,952−100.0%Sold out
Intrust Bank NA0$00.00%−10,000−100.0%Sold out
Financial Management Professionals, Inc.0$00.00%−10,000−100.0%Sold out
Lakeshore Financial Planning, Inc.0$00.00%−10,000−100.0%Sold out
Symphony Financial Services, Inc.0$00.00%−10,000−100.0%Sold out
Coco Enterprises, LLC0$00.00%−10,000−100.0%Sold out
Advisory Services Network, LLC0$00.00%−8,900−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−4,200−100.0%Sold out
Sunbelt Securities, Inc.0$00.00%−172−100.0%Sold out
Aletheian Wealth Advisors LLC––––Not filed
Wolverine Trading, LLC––––Not filed
Creekmur Asset Management LLC––––Not filed