Who owns NGDN
Which tracked institutional funds hold NGDN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NGDN company fundamentals →
Ownership as of the 2025-Q4 13F filings (latest filed 2026-05-27). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
125 tracked funds added or opened NGDN while 79 trimmed or exited it between 2025-Q3 and 2025-Q4 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NGDN’s largest tracked holder by dollar value, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NGDN divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q3 and 2025-Q4, across 326 tracked filers holding NGDN, 172 increased or opened the position and 178 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NGDN between the 2025-Q3 and 2025-Q4 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 53
- Davidson Kempner Capital Management LP$103M
- AQR Arbitrage LLC$92M
- SOROS FUND MANAGEMENT LLC$84M
- ALPINE ASSOCIATES MANAGEMENT INC.$82M
- NORGES BANK$56M
- HIGHBRIDGE CAPITAL MANAGEMENT LLC$54M
Full exits 29
- FIL Ltd$52M
- Pale Fire Capital SE$45M
- TSP Capital Management Group, LLC$29M
- WINMILL & CO. INC$15M
- Eschler Asset Management LLP$11M
- MONTRUSCO BOLTON INVESTMENTS INC.$10M
Largest adds
- VANGUARD GROUP INC$99M
- MILLENNIUM MANAGEMENT LLC$95M
- Balyasny Asset Management L.P.$84M
- GOLDMAN SACHS GROUP INC$76M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$57M
- ALLIANCEBERNSTEIN L.P.$54M
Largest trims
- JPMORGAN CHASE & CO$94M
- MORGAN STANLEY$94M
- Connor, Clark & Lunn Investment Management Ltd.$34M
- BANK OF MONTREAL /CAN/$21M
- BNP PARIBAS FINANCIAL MARKETS$20M
- CITADEL ADVISORS LLC$18M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 29,274,513 | $255M | 6.7% | 2025-Q4 |
| Condire Management, LP trimmed | 27,437,020 | $239M | 6.3% | 2025-Q4 |
| VANGUARD GROUP INC added | 20,787,033 | $181M | 4.8% | 2025-Q4 |
| AMERICAN CENTURY COMPANIES INC added | 17,131,025 | $149M | 3.9% | 2025-Q4 |
| GOLDMAN SACHS GROUP INC added | 16,203,877 | $141M | 3.7% | 2025-Q4 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 15,873,764 | $138M | 3.6% | 2025-Q4 |
| MILLENNIUM MANAGEMENT LLC added | 13,069,153 | $114M | 3.0% | 2025-Q4 |
| Davidson Kempner Capital Management LP new | 11,775,006 | $103M | 2.7% | 2025-Q4 |
| AQR Arbitrage LLC new | 10,530,591 | $92M | 2.4% | 2025-Q4 |
| Balyasny Asset Management L.P. added | 10,467,113 | $91M | 2.4% | 2025-Q4 |
| SOROS FUND MANAGEMENT LLC new | 9,691,998 | $84M | 2.2% | 2025-Q4 |
| ALPINE ASSOCIATES MANAGEMENT INC. new | 9,363,161 | $82M | 2.1% | 2025-Q4 |
| JGP Global Gestao de Recursos Ltda. trimmed | 9,184,600 | $80M | 2.1% | 2025-Q4 |
| BANK OF AMERICA CORP /DE/ added | 8,824,959 | $77M | 2.0% | 2025-Q4 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 8,456,582 | $74M | 1.9% | 2025-Q4 |
| FMR LLC added | 8,390,400 | $73M | 1.9% | 2025-Q4 |
| MACKENZIE FINANCIAL CORP added | 7,105,367 | $62M | 1.6% | 2025-Q4 |
| TWO SIGMA INVESTMENTS, LP trimmed | 6,860,719 | $60M | 1.6% | 2025-Q4 |
| Qube Research & Technologies Ltd added | 6,700,011 | $58M | 1.5% | 2025-Q4 |
| NORGES BANK new | 6,419,767 | $56M | 1.5% | 2025-Q4 |
| ALLIANCEBERNSTEIN L.P. added | 6,250,845 | $54M | 1.4% | 2025-Q4 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC new | 6,240,314 | $54M | 1.4% | 2025-Q4 |
| DEUTSCHE BANK AG\ added | 5,985,031 | $52M | 1.4% | 2025-Q4 |
| Amundi trimmed | 5,946,288 | $52M | 1.4% | 2025-Q4 |
| Invesco Ltd. trimmed | 5,859,000 | $51M | 1.3% | 2025-Q4 |
| DIMENSIONAL FUND ADVISORS LP added | 5,835,522 | $51M | 1.3% | 2025-Q4 |
| Squarepoint Ops LLC added | 5,571,520 | $49M | 1.3% | 2025-Q4 |
| Magnetar Financial LLC new | 5,064,109 | $44M | 1.2% | 2025-Q4 |
| BANK OF MONTREAL /CAN/ trimmed | 4,989,621 | $43M | 1.1% | 2025-Q4 |
| TORONTO DOMINION BANK trimmed | 4,653,379 | $41M | 1.1% | 2025-Q4 |
| MORGAN STANLEY trimmed | 4,620,607 | $40M | 1.1% | 2025-Q4 |
| FRANKLIN RESOURCES INC trimmed | 4,413,548 | $38M | 1.0% | 2025-Q4 |
| CIBC WORLD MARKET INC. trimmed | 3,976,310 | $35M | 0.9% | 2025-Q4 |
| JANE STREET GROUP, LLC added | 3,849,631 | $34M | 0.9% | 2025-Q4 |
| TD Asset Management Inc trimmed | 3,613,298 | $32M | 0.8% | 2025-Q4 |
| Hillsdale Investment Management Inc. trimmed | 3,378,411 | $29M | 0.8% | 2025-Q4 |
| LMR Partners LLP new | 3,363,801 | $29M | 0.8% | 2025-Q4 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 3,091,877 | $27M | 0.7% | 2025-Q4 |
| Weiss Asset Management LP new | 3,116,057 | $27M | 0.7% | 2025-Q4 |
| Apis Capital Advisors, LLC trimmed | 2,866,000 | $25M | 0.7% | 2025-Q4 |
| Westchester Capital Management, LLC new | 2,852,255 | $25M | 0.7% | 2025-Q4 |
| TWO SIGMA ADVISERS, LP trimmed | 2,664,330 | $23M | 0.6% | 2025-Q4 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 2,587,273 | $23M | 0.6% | 2025-Q4 |
| Sagefield Capital LP new | 2,428,541 | $21M | 0.6% | 2025-Q4 |
| Verition Fund Management LLC added | 2,243,023 | $20M | 0.5% | 2025-Q4 |
| Allspring Global Investments Holdings, LLC trimmed | 2,223,000 | $19M | 0.5% | 2025-Q4 |
| RAYMOND JAMES FINANCIAL INC added | 2,184,618 | $19M | 0.5% | 2025-Q4 |
| UBS Group AG trimmed | 1,985,473 | $17M | 0.5% | 2025-Q4 |
| Legal & General Group Plc trimmed | 1,934,108 | $17M | 0.4% | 2025-Q4 |
| Alberta Investment Management Corp added | 1,880,000 | $16M | 0.4% | 2025-Q4 |
| Nokomis Capital, L.L.C. trimmed | 1,872,682 | $16M | 0.4% | 2025-Q4 |
| PICTON MAHONEY ASSET MANAGEMENT added | 1,635,694 | $14M | 0.4% | 2025-Q4 |
| MARSHALL WACE, LLP added | 1,620,326 | $14M | 0.4% | 2025-Q4 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 1,625,662 | $14M | 0.4% | 2025-Q4 |
| Swiss National Bank added | 1,568,062 | $14M | 0.4% | 2025-Q4 |
| SPROTT INC. trimmed | 1,562,483 | $14M | 0.4% | 2025-Q4 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. new | 1,550,000 | $14M | 0.4% | 2025-Q4 |
| Grantham, Mayo, Van Otterloo & Co. LLC new | 1,531,059 | $13M | 0.4% | 2025-Q4 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 1,500,015 | $13M | 0.3% | 2025-Q4 |
| CIBC Asset Management Inc trimmed | 1,442,159 | $13M | 0.3% | 2025-Q4 |
| Capula Management Ltd added | 1,369,532 | $12M | 0.3% | 2025-Q4 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,302,215 | $11M | 0.3% | 2025-Q4 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 1,295,645 | $11M | 0.3% | 2025-Q4 |
| INTACT INVESTMENT MANAGEMENT INC. added | 1,234,560 | $11M | 0.3% | 2025-Q4 |
| Groupe la Francaise trimmed | 1,200,000 | $10M | 0.3% | 2025-Q4 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 1,188,230 | $10M | 0.3% | 2025-Q4 |
| Kintayl Capital LP new | 1,136,568 | $10M | 0.3% | 2025-Q4 |
| ArrowMark Colorado Holdings LLC trimmed | 1,124,000 | $10M | 0.3% | 2025-Q4 |
| CAPSTONE INVESTMENT ADVISORS, LLC added | 1,100,000 | $10M | 0.3% | 2025-Q4 |
| Fort Baker Capital Management LP new | 1,025,660 | $9M | 0.2% | 2025-Q4 |
| GABELLI FUNDS LLC new | 993,900 | $9M | 0.2% | 2025-Q4 |
| GABELLI & Co INVESTMENT ADVISERS, INC. new | 958,144 | $8M | 0.2% | 2025-Q4 |
| Caprock Group, LLC trimmed | 945,627 | $8M | 0.2% | 2025-Q4 |
| Point72 Asset Management, L.P. trimmed | 854,061 | $7M | 0.2% | 2025-Q4 |
| Versor Investments LP added | 806,483 | $7M | 0.2% | 2025-Q4 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 786,763 | $7M | 0.2% | 2025-Q4 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 716,000 | $6M | 0.2% | 2025-Q4 |
| Oppenheimer & Close, LLC trimmed | 700,255 | $6M | 0.2% | 2025-Q4 |
| Russell Investments Group, Ltd. trimmed | 694,980 | $6M | 0.2% | 2025-Q4 |
| Polar Asset Management Partners Inc. new | 691,319 | $6M | 0.2% | 2025-Q4 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 668,524 | $6M | 0.2% | 2025-Q4 |
| Nuveen, LLC | 593,004 | $5M | 0.1% | 2025-Q4 |
| CSM Advisors, LLC trimmed | 564,731 | $5M | 0.1% | 2025-Q4 |
| LOUISBOURG INVESTMENTS INC. trimmed | 563,400 | $5M | 0.1% | 2025-Q4 |
| Gotham Asset Management, LLC trimmed | 552,586 | $5M | 0.1% | 2025-Q4 |
| FIL Ltd new | 7,198,436 | $52M | 1.4% | 2025-Q3 stale |
| Pale Fire Capital SE added | 6,211,037 | $45M | 1.2% | 2025-Q3 stale |
| TSP Capital Management Group, LLC trimmed | 3,976,626 | $29M | 0.8% | 2025-Q3 stale |
| Invenomic Capital Management LP added | 4,227,089 | $21M | 0.6% | 2025-Q2 stale |
| WINMILL & CO. INC | 2,100,000 | $15M | 0.4% | 2025-Q3 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 3,386,617 | $13M | 0.3% | 2025-Q1 stale |
| Eschler Asset Management LLP trimmed | 1,572,076 | $11M | 0.3% | 2025-Q3 stale |
| MONTRUSCO BOLTON INVESTMENTS INC. trimmed | 1,331,689 | $10M | 0.3% | 2025-Q3 stale |
| Wealth High Governance Capital Ltda new | 1,320,000 | $9M | 0.2% | 2025-Q3 stale |
| Empyrean Capital Partners, LP trimmed | 1,309,428 | $9M | 0.2% | 2025-Q3 stale |
| Aquatic Capital Management LLC trimmed | 1,019,393 | $7M | 0.2% | 2025-Q3 stale |
| Quadrature Capital Ltd added | 933,710 | $7M | 0.2% | 2025-Q3 stale |
| BW Gestao de Investimentos Ltda. new | 880,000 | $6M | 0.2% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC trimmed | 877,635 | $6M | 0.2% | 2025-Q3 stale |
| Ruffer LLP trimmed | 1,200,134 | $6M | 0.2% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.