Historical position

Seth Klarman’s Novagold Resources Inc (NG) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Baupost GroupVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ3 2011Earliest verified positive filing snapshot
Latest statusHistorical positionBased on the latest supported relationship state
Peak shares21.69MHighest verified quarter-end share count
Quarters reported27Verified quarters with shares above zero
What happened?

Baupost Group first reported Novagold Resources Inc in Q3 2011. The reported position was increased and reduced across later filings. Verified positive position history runs through Q2 2018. The current relationship status cannot be determined reliably from supported data.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q2 2018
No change13.47M shares reported
Filing context

Quarter-end price $4.45 · Estimated holding basis $4.46

Q1 2018
Bought 25.4% more+2.72M shares · 13.47M shares reported after the change
Filing context

Quarter-end price $4.33 · Estimated holding basis $4.46

Q4 2017
Bought 13.1% more+1.24M shares · 10.74M shares reported after the change
Filing context

Quarter-end price $3.93 · Estimated holding basis $4.49

Q2 2016
Sold 36.7% of the position−5.50M shares · 9.50M shares remained
Filing context

Quarter-end price $6.12 · Estimated holding basis $6.18

Q1 2016
Sold 21.0% of the position−3.98M shares · 15.00M shares remained
Filing context

Quarter-end price $5.04 · Estimated holding basis $6.18

Q4 2015
Sold 12.5% of the position−2.71M shares · 18.98M shares remained
Filing context

Quarter-end price $4.21 · Estimated holding basis $6.18

14 unchanged quarters are collapsed by default.

Portfolio importance

How important was Novagold Resources Inc in Baupost Group’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight0.5%Q2 2018
Last reported rank#24of 33 reported positions
Peak portfolio weight3.5%Q3 2012
Best historical rank#9Q3 2012
At peak importanceQ3 2012
NG
3.5%
Largest holding
14.4%
Cross-investor discovery

Who else owns Novagold Resources Inc?

Also reported by 1 other tracked investor in their latest verified filings.

Joel GreenblattGotham Asset Management
NG0.0% of reported portfolio
Explore Novagold Resources Inc across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest filing quarter-end price$4.45Q2 2018

Derived from validated reported value and shares where supported.

Estimated holding basis$4.46Historical reference — not actual purchase price

Calculated from supported filing history.

Latest verified investor filingQ2 2026 · filed 2026-08-13
Open SEC filing ↗

This tracker follows Baupost Group LLC/MA’s Form 13F disclosures—not Seth Klarman’s personal brokerage account. Form 13F reports quarter-end U.S.-listed positions and certain options, but it does not reveal exact trade dates, execution prices, short positions or the purpose of an option position.