NAK — NORTHERN DYNASTY MINERALS LT
Reported value held$37.98M
Funds holding (latest)21
SectorMaterials
Funds holding (Q2 2026)18
Institutional value$37.74M · 19.62M sh
New / Add / Cut / Exit3 / 10 / 5 / 1
Top-5 / Top-10 concentration86.1% / 97.2%
Institutional holdings change
Reducing -25.9%
(-6.87M sh)
Institutional value change
Up +1.8%
As of Q2 2026, 18 SEC-registered investment managers reported holding NAK (NORTHERN DYNASTY MINERALS LT) in their latest 13F filings, with a combined reported value of $37.74M across 19.62M shares. That is -25.9% by share count (-6.87M shares) versus the previous quarter, while reported value moved +1.8%. Ownership is concentrated: the five largest holders account for 86.1% of reported value and the top ten for 97.2%.
Compared with the prior quarter, 3 opened new positions, 10 added to existing stakes, 5 trimmed, 1 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.
NAK is classified in the Materials sector.
All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.
Q2 2026 — 18 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Two Sigma Investments history | 5.92M | $11.36M | 0.01% | Reduce |
| Renaissance Technologies history | 4.65M | $8.93M | 0.01% | Add |
| Millennium Management history | 3.90M | $7.49M | 0.00% | Reduce |
| UBS Group AG history | 1.55M | $2.97M | 0.00% | Add |
| JPMorgan Chase & Co history | 869.99K | $1.74M | 0.00% | New |
| Citadel Advisors history | 760.90K | $1.46M | 0.00% | Reduce |
| Legal & General Investment Management America history | 510.71K | $975.51K | 0.00% | Add |
| Geode Capital Management history | 382.47K | $730.83K | 0.00% | Add |
| Bank of America Corp history | 292.06K | $560.75K | 0.00% | Add |
| BlackRock Inc history | 245.51K | $471.38K | 0.00% | Add |
| Point72 Asset Management history | 217.95K | $422.53K | 0.00% | New |
| Goldman Sachs Group history | 175.46K | $336.88K | 0.00% | Reduce |
| Citigroup Inc history | 46.24K | $88.33K | 0.00% | Add |
| Morgan Stanley history | 33.07K | $63.49K | 0.00% | Add |
| AQR Capital Management history | 26.36K | $50.47K | 0.00% | Add |
| Wells Fargo & Co history | 24.22K | $46.50K | 0.00% | Reduce |
| Deutsche Bank AG history | 22.69K | $43.56K | 0.00% | Add |
| PNC Financial Services history | 1.00K | $1.92K | 0.00% | New |
Q1 2026 — 16 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Two Sigma Investments history | 9.78M | $13.69M | 0.01% | Add |
| Millennium Management history | 5.43M | $7.60M | 0.00% | Reduce |
| Renaissance Technologies history | 4.46M | $6.24M | 0.01% | New |
| Citadel Advisors history | 3.74M | $5.24M | 0.00% | Reduce |
| UBS Group AG history | 1.49M | $2.09M | 0.00% | Add |
| Legal & General Investment Management America history | 471.75K | $655.80K | 0.00% | New |
| Geode Capital Management history | 373.43K | $520.77K | 0.00% | New |
| Goldman Sachs Group history | 216.95K | $303.73K | 0.00% | Reduce |
| Bank of America Corp history | 158.25K | $221.55K | 0.00% | Reduce |
| Wells Fargo & Co history | 145.32K | $203.44K | 0.00% | Add |
| BlackRock Inc history | 110.96K | $155.34K | 0.00% | Add |
| Marshall Wace history | 54.00K | $75.60K | 0.00% | Reduce |
| Morgan Stanley history | 19.40K | $27.16K | 0.00% | Reduce |
| Citigroup Inc history | 19.47K | $27.07K | 0.00% | Add |
| AQR Capital Management history | 13.33K | $18.66K | 0.00% | New |
| Deutsche Bank AG history | 8.79K | $12.31K | 0.00% | New |
Q4 2025 — 14 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Millennium Management history | 13.36M | $26.32M | 0.01% | Add |
| Two Sigma Investments history | 6.32M | $12.44M | 0.02% | Add |
| Citadel Advisors history | 5.30M | $10.44M | 0.00% | Add |
| UBS Group AG history | 900.20K | $1.77M | 0.00% | Reduce |
| Point72 Asset Management history | 769.60K | $1.52M | 0.00% | New |
| Bank of America Corp history | 243.25K | $479.20K | 0.00% | Reduce |
| Goldman Sachs Group history | 231.82K | $456.69K | 0.00% | Add |
| BlackRock Inc history | 100.94K | $198.85K | 0.00% | Add |
| Wells Fargo & Co history | 97.45K | $191.98K | 0.00% | Reduce |
| Marshall Wace history | 65.81K | $129.64K | 0.00% | New |
| Soros Fund Management history | 64.31K | $126.68K | 0.00% | New |
| Morgan Stanley history | 35.48K | $69.90K | 0.00% | Reduce |
| Lazard Asset Management history | 16.30K | $32.12K | 0.00% | New |
| Citigroup Inc history | 177 | $349 | 0.00% | Reduce |
Q3 2025 — 10 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Citadel Advisors history | 5.09M | $6.11M | 0.00% | Add |
| Millennium Management history | 4.41M | $5.29M | 0.00% | Add |
| Two Sigma Investments history | 2.22M | $2.66M | 0.00% | Add |
| UBS Group AG history | 1.14M | $1.37M | 0.00% | Add |
| Wells Fargo & Co history | 366.69K | $440.02K | 0.00% | Reduce |
| Bank of America Corp history | 297.67K | $357.21K | 0.00% | Reduce |
| Goldman Sachs Group history | 117.61K | $141.13K | 0.00% | Add |
| Morgan Stanley history | 39.59K | $47.50K | 0.00% | Reduce |
| BlackRock Inc history | 10.29K | $12.34K | 0.00% | Reduce |
| Citigroup Inc history | 3.76K | $4.57K | 0.00% | Reduce |
Q2 2025 — 16 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Citadel Advisors history | 2.41M | $3.23M | 0.00% | Add |
| Citadel Advisors history | 2.41M | $3.23M | 0.00% | Add |
| Millennium Management history | 938.65K | $1.26M | 0.00% | Add |
| Wells Fargo & Co history | 636.12K | $852.39K | 0.00% | Reduce |
| Marshall Wace history | 547.20K | $733.25K | 0.00% | Reduce |
| Two Sigma Investments history | 545.65K | $731.17K | 0.00% | Add |
| Two Sigma Investments history | 545.65K | $731.17K | 0.00% | Add |
| Bank of America Corp history | 367.29K | $492.16K | 0.00% | Add |
| Morgan Stanley history | 140.67K | $188.50K | 0.00% | Add |
| Morgan Stanley history | 140.67K | $188.50K | 0.00% | Add |
| BlackRock Inc history | 115.25K | $154.43K | 0.00% | Add |
| BlackRock Inc history | 115.25K | $154.43K | 0.00% | Add |
| UBS Group AG history | 92.49K | $123.94K | 0.00% | Reduce |
| Goldman Sachs Group history | 77.48K | $103.83K | 0.00% | New |
| Goldman Sachs Group history | 77.48K | $103.83K | 0.00% | New |
| Citigroup Inc history | 16.70K | $22.52K | 0.00% | Add |
Q1 2025 — 14 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Marshall Wace history | 2.00M | $2.30M | 0.00% | New |
| Citadel Advisors history | 1.81M | $2.08M | 0.00% | Add |
| Citadel Advisors history | 1.81M | $2.08M | 0.00% | Add |
| Wells Fargo & Co history | 1.71M | $1.96M | 0.00% | Add |
| Millennium Management history | 917.03K | $1.04M | 0.00% | Add |
| Two Sigma Investments history | 489.40K | $562.82K | 0.00% | Add |
| Two Sigma Investments history | 489.40K | $562.82K | 0.00% | Add |
| Bank of America Corp history | 207.00K | $238.05K | 0.00% | Add |
| UBS Group AG history | 152.49K | $175.36K | 0.00% | Add |
| Morgan Stanley history | 71.95K | $82.74K | 0.00% | Reduce |
| Morgan Stanley history | 71.95K | $82.74K | 0.00% | Reduce |
| BlackRock Inc history | 35.77K | $41.14K | 0.00% | Add |
| BlackRock Inc history | 35.77K | $41.14K | 0.00% | Add |
| Citigroup Inc history | 232 | $261 | 0.00% | Reduce |
New Positions (Q2 2026)
- JPMorgan Chase & Co 869.99K sh · $1.74M
- Point72 Asset Management 217.95K sh · $422.53K
- PNC Financial Services 1.00K sh · $1.92K
Fully Exited (vs previous quarter)
- Marshall Wace sold 54.00K sh · $75.60K
Fund Position History — shares by quarter (top 20 funds)
| Fund | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Two Sigma Investments | 5.92M | 9.78M | 6.32M | 2.22M | 545.65K | 489.40K | 374.19K | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Renaissance Technologies | 4.65M | 4.46M | — | — | — | — | — | — | — | — | 541.21K | 420.88K | 1.30M | 285.35K | 280.90K | 161.55K | 364.50K | 118.53K | — | — |
| Millennium Management | 3.90M | 5.43M | 13.36M | 4.41M | 938.65K | 917.03K | 276.63K | 276.63K | 276.63K | 276.63K | 276.63K | 256.63K | 89.95K | 292.37K | 780.38K | 170.05K | 389.47K | 289.67K | 501.35K | 1.16M |
| UBS Group AG | 1.55M | 1.49M | 900.20K | 1.14M | 92.49K | 152.49K | 113.48K | 209.45K | 279.14K | 120.26K | 77.52K | 120.11K | 105.39K | 165.94K | 139.63K | 134.00K | 101.08K | 132.43K | 38.56K | 107.46K |
| JPMorgan Chase & Co | 869.99K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.00K |
| Citadel Advisors | 760.90K | 3.74M | 5.30M | 5.09M | 2.41M | 1.81M | 744.99K | 204.30K | 184.10K | 198.10K | 495.78K | 353.79K | 436.06K | 653.57K | 1.47M | 768.50K | 1.05M | 1.38M | 1.83M | 3.33M |
| Legal & General Investment Management America | 510.71K | 471.75K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Geode Capital Management | 382.47K | 373.43K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Bank of America Corp | 292.06K | 158.25K | 243.25K | 297.67K | 367.29K | 207.00K | 138.09K | 12.09K | — | 92 | 762 | 92 | 184 | — | — | — | 3.00K | 3.50K | 3.00K | 15.50K |
| BlackRock Inc | 245.51K | 110.96K | 100.94K | 10.29K | 115.25K | 35.77K | 12.13K | 13.43K | — | — | — | — | — | — | — | — | — | — | — | — |
| Point72 Asset Management | 217.95K | — | 769.60K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Goldman Sachs Group | 175.46K | 216.95K | 231.82K | 117.61K | 77.48K | — | — | — | — | — | — | — | — | — | — | — | — | 566.42K | 566.42K | 566.42K |
| Citigroup Inc | 46.24K | 19.47K | 177 | 3.76K | 16.70K | 232 | 138.65K | 153.65K | 153.65K | 153.65K | 153.65K | 195.75K | 212.35K | 212.35K | 242.35K | 241.65K | 248.70K | 331.13K | 315.47K | 315.47K |
| Morgan Stanley | 33.07K | 19.40K | 35.48K | 39.59K | 140.67K | 71.95K | 123.65K | 85.94K | 80.16K | 89.16K | 109.46K | 116.72K | 116.87K | 113.57K | 82.36K | 57.51K | 65.12K | 67.21K | 86.53K | 155.37K |
| AQR Capital Management | 26.36K | 13.33K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Wells Fargo & Co | 24.22K | 145.32K | 97.45K | 366.69K | 636.12K | 1.71M | 1.02M | 940.04K | 890.04K | 825.04K | 765.04K | 568.76K | 364.16K | 164.16K | 64.16K | 564.16K | 354.16K | 354.16K | 4.16K | 114.16K |
| Deutsche Bank AG | 22.69K | 8.79K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| PNC Financial Services | 1.00K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Soros Fund Management | — | — | 64.31K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Lazard Asset Management | — | — | 16.30K | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
▲ Bought Low (fund opened/added, stock rose ≥5% next quarter) ▼ Sold High (fund reduced, stock fell ≥5% next quarter)
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