Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Northern Dynasty Minerals Lt (NAK)

190 + Investors. Track Smart Money conviction in NAK. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
9Q ▲
Buyers last Q
56%

Smart Money Signals — NAK

Based on 190 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added NAK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
190 hedge funds hold NAK right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +39% more funds vs a year ago

fund count last 6Q
+53 new funds entered over the past year (+39% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 56% buying

99 buying78 selling
Last quarter: 99 funds bought or added vs 78 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new NAK position: 31 → 37 → 45 → 52. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 38% long-term, 31% new

■ 38% conviction (2yr+) ■ 31% medium ■ 31% new
Of the 190 current holders: 73 (38%) held >2 years, 58 held 1–2 years, and 59 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares +3%, value -27%

Value
-26%
Shares
+2%
Last quarter: funds added +3% more shares while total portfolio value only changed -27%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

37 → 31 → 37 → 45 → 52 new funds/Q
New funds entering each quarter: 31 → 37 → 45 → 52. A growing number of institutions are discovering NAK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 50% veterans vs 37% newcomers

■ 50% veterans ■ 13% 1-2yr ■ 37% new
Entry-cohort mix of 197 holders: 98 (50%) are 2+ year veterans, 26 entered 1–2 years ago, and 73 (37%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 22% AUM from major funds

22% from top-100 AUM funds
31 of 188 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NAK

In 2026 Q1, 99 hedge funds were net buyers of NAK (52 opened a new position, 47 added to an existing one), while 78 reduced or exited (46 trimmed, 32 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 9 consecutive quarters of net institutional buying — a persistent conviction signal. 22% of total institutional value in NAK is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 190.

Hedge Fund Ownership: NAK

How many hedge funds hold NAK — quarterly history vs. share price
Quarterly hedge fund ownership of NAK vs. share price

Market Analysis: NAK

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NAK

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Northern Dynasty Minerals Lt (NAK) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NAK has moved relative to its sector benchmark (SPY) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 47d ago
NAK
-15.6%
SPY
+4.0%

NAK outperformed SPY by -19.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
NAK
+0.0%
SPY
+0.0%

Since the filing became public, NAK outperformed SPY by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 1 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: NAK
2026 Q2 Stats Unlock in 3 days 190 + Investors

Track Smart Money conviction in NAK. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 190 169 12.43%
13F Shares 121M 118M 2.8%
Total Value $170M $232M -26.85%
New Positions 52 44 +8
Increased Positions 43 41 +2
Closed Positions 31 34 -3
Reduced Positions 45 42 +3
Total Calls 6 11 -45.45%
Total Puts 3 6 -50.0%
PUT/CALL Ratio 0.5 0.55 Bullish

Statistics: NAK

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

190 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NAK. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 NAK holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kopernik Global Investors, LLC 3.79% 32,178,392 $61.8M
2 Stenham Asset Management Ltd 2.81% 2,046,000 $3.9M
3 GAM Holding AG 0.35% 2,860,000 $4.0M
4 Aletheian Wealth Advisors LLC 0.14% 168,200 $323K
5 LCM Capital Management Inc 0.11% 131,644 $253K
6 Ionic Capital Management LLC 0.10% 345,686 $664K
7 Brady Family Wealth, LLC 0.06% 110,000 $211K
8 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% 26,369,817 $50.4M
9 Western Reserve Capital Management, LLC 0.06% 40,106 $77K
10 Allium Financial Advisors, LLC 0.04% 35,000 $67K
11 Ground Swell Capital, LLC 0.04% 20,100 $39K
12 Nations Financial Group Inc, /Ia/ /Adv 0.04% 431,300 $828K
13 Sage Investment Advisers LLC 0.03% 26,000 $50K
14 Game Plan Financial Advisors, LLC 0.03% 45,000 $86K
15 Scratch Capital LLC 0.03% 32,434 $62K
16 Cadinha & Co LLC 0.03% 100,000 $192K
17 626 Financial, LLC 0.03% 34,200 $66K
18 IFC & Insurance Marketing, Inc. 0.02% 11,115 $21K
19 TCFG Investment Advisors, LLC 0.02% 26,600 $51K
20 Blueshift Asset Management, LLC 0.01% 30,517 $59K
21 Stone House Investment Management, LLC 0.01% 51,575 $99K
22 One Plus One Wealth Management, LLC 0.01% 15,494 $30K
23 Pasadena Private Wealth, LLC 0.01% 52,453 $101K
24 Renaissance Technologies LLC 0.01% 4,650,149 $8.9M
25 Thompson Davis & CO., INC. 0.01% 10,000 $19K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Northern Dynasty Minerals Lt (NAK)

What does the Smart Money Trend signal show for NAK?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added NAK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NAK?

Slight buying edge — 56% buying: Last quarter: 99 funds bought or added vs 78 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NAK holders?

Strong quality — 22% AUM from major funds: 31 of 188 holders rank in the top 100 by AUM, accounting for 22% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NAK?

Mixed — 38% long-term, 31% new: Of the 190 current holders: 73 (38%) held >2 years, 58 held 1–2 years, and 59 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Northern Dynasty Minerals Lt (NAK) following the 2026 Q2 hedge fund 13F filings?

As of today, NAK has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), NAK has gained -15.6% vs +4.0% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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