NAKNYSEGold and Silver OresFiscal year ends December 31
NORTHERN DYNASTY MINERALS LTD
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 31, 2026
$0.83−0.06 (-6.47%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
19.7%
110M of 558M shares
Institutional holders
204
40 new, 26 sold out
Net institutional buying
-5M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Kopernik Global Investors, LLC | 83,628,221 | 14.00% | 13D (active) amendment | Mar 19, 2026 |
| Iben David B | 74,575,588 | 12.70% | 13D (active) amendment | Nov 12, 2025 |
| David B. Iben | 73,552,952 | 12.70% | 13D (active) amendment | Mar 5, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NAK | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Kopernik Global Investors, LLC | 32,178,392 | 5.76% | $61.78M | −477,454 | 3.79% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 26,369,817 | 4.72% | $50.37M | +2,066,614 | 0.06% |
| Two Sigma Investments, LP | 5,918,438 | 1.06% | $11.36M | −3,862,371 | 0.01% |
| Renaissance Technologies LLC | 4,650,149 | 0.83% | $8.93M | +190,000 | 0.01% |
| Millennium Management LLC | 3,901,608 | 0.70% | $7.49M | −1,525,135 | 0.00% |
| Russell Investments Group, Ltd. | 3,262,046 | 0.58% | $6.26M | −9,741 | 0.01% |
| Commonwealth Equity Services, LLC | 2,513,443 | 0.45% | $4.83M | −80,189 | 0.01% |
| Citadel Advisors LLC | 2,382,896 | 0.43% | $4.58M | +440,708 | 0.00% |
| Susquehanna International Group, Llp | 2,131,934 | 0.38% | $4.09M | +628,646 | 0.00% |
| Jane Street Group, LLC | 2,064,965 | 0.37% | $3.96M | −3,416,034 | 0.00% |
| Stenahm Asset Managment Ltd | 2,046,000 | 0.37% | $3.93M | – | 2.81% |
| UBS Group AG | 1,546,173 | 0.28% | $2.97M | +52,319 | 0.00% |
| Mackenzie Financial Corp | 1,293,736 | 0.23% | $3.51M | +56,665 | 0.00% |
| GAM Holding AG | 1,060,000 | 0.19% | $2.04M | −1,800,000 | 0.16% |
| Bank Of Montreal /Can/ | 1,033,027 | 0.18% | $1.97M | +135,500 | 0.00% |
| Swiss National Bank | 1,016,400 | 0.18% | $1.94M | −84,100 | 0.00% |
| Cambridge Investment Research Advisors, Inc. | 994,960 | 0.18% | $1.91K | +443,558 | 0.00% |
| TD Asset Management Inc | 883,455 | 0.16% | $1.69M | +50,725 | 0.00% |
| JPMorgan Chase & Co | 869,988 | 0.16% | $1.74M | +869,947 | 0.00% |
| Sei Investments Co | 868,173 | 0.16% | $1.67M | −689,965 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 204 | 110M | 19.7% | 40 / 65 | 39 / 26 | 9M | 14M |
| Q1 2026 | 193 | 116M | 20.7% | 52 / 43 | 46 / 25 | 36M | 25M |
| Q4 2025 | 168 | 105M | 18.8% | 43 / 40 | 43 / 27 | 36M | 17M |
| Q3 2025 | 155 | 86M | 15.4% | 34 / 53 | 29 / 27 | 30M | 5M |
| Q2 2025 | 151 | 61M | 10.9% | 30 / 43 | 30 / 17 | 22M | 15M |
| Q1 2025 | 139 | 54M | 9.6% | 38 / 28 | 23 / 9 | 17M | 24M |
| Q4 2024 | 112 | 61M | 10.9% | 27 / 16 | 19 / 13 | 7M | 4M |
| Q3 2024 | 99 | 58M | 10.4% | 14 / 21 | 11 / 3 | 7M | 0M |
| Q2 2024 | 91 | 62M | 11.1% | 14 / 13 | 13 / 14 | 3M | 15M |
| Q1 2024 | 93 | 74M | 13.2% | 16 / 15 | 15 / 12 | 23M | 3M |
| Q4 2023 | 90 | 53M | 9.5% | 10 / 18 | 16 / 14 | 4M | 1M |
| Q3 2023 | 94 | 50M | 9.0% | 15 / 19 | 16 / 10 | 3M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NAK | Value | % of fund | As of |
|---|---|---|---|---|---|
| Global X Copper Miners ETF | 22,938,302 | 4.11% | $22.85M | 0.44% | Jul 31, 2026 |
| Kopernik Global All-Cap Fund | 5,684,516 | 1.02% | $7.96M | 0.25% | Jul 31, 2026 |
| Kopernik Global All-Cap Fund | 2,795,815 | 0.50% | $2.79M | 0.12% | Jul 31, 2026 |
| Tiff Multi-Asset Fund | 752,336 | 0.13% | $1.01M | 0.10% | Jun 30, 2026 |
| iShares Copper and Metals Mining ETF | 718,406 | 0.13% | $967.91K | 0.32% | Jun 30, 2026 |
| iShares MSCI Global Metals & Mining Producers ETF | 682,739 | 0.12% | $1.16M | 0.07% | May 31, 2026 |
| iShares Core MSCI Total International Stock ETF | 547,278 | 0.10% | $545.83K | 0.00% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) International Small Cap ETF | 475,358 | 0.09% | $912.69K | 0.11% | Jun 30, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 338,240 | 0.06% | $455.71K | 0.00% | Jun 30, 2026 |
| Fidelity Total International Index Fund | 297,338 | 0.05% | $296.55K | 0.00% | Jul 31, 2026 |
| Tiff Multi-Asset Fund | 290,620 | 0.05% | $557.99K | 0.04% | Jun 30, 2026 |
| iShares Core MSCI International Developed Markets ETF | 266,383 | 0.05% | $265.68K | 0.00% | Jul 31, 2026 |
| State Street Global All Cap Equity ex-U.S. Index Portfolio | 168,100 | 0.03% | $226.32K | 0.00% | Jun 30, 2026 |
| iShares International Small-Cap Equity Factor ETF | 133,844 | 0.02% | $133.49K | 0.03% | Jul 31, 2026 |
| Multi-Asset Strategy Fund | 52,959 | 0.01% | $74.14K | 0.01% | Jul 31, 2026 |