Vinik Asset Management Adds to Novagold Resources (NG) Stake
Posted on August 13th, 2012 by whalewisdom
Vinik Asset Management LP, the hedge fund founded by Jeffrey Vinik, filed a new 13G disclosing ownership of 15,476,856 shares of NG as of August 2nd. This gives Vinik Asset Management a 5.53% stake in the company and is an increase of 14,816,856 shares over what they reported on their March 31st 13F.
From Yahoo! Finance, NovaGold Resources Inc. engages in the exploration and development of mineral properties primarily in Alaska, the United States and British Columbia, Canada.
| Reported via | Date | Name | Ticker | Shares | % of Portfolio |
|---|---|---|---|---|---|
| 13F | 2011-12-31 | NovaGold Resources Inc. | NG | 1,370,000 | 0.23 |
| 13F | 2012-03-31 | NovaGold Resources Inc. | NG | 660,000 | 0.06 |
| SC 13G | 2012-08-02 | NovaGold Resources Inc. | NG | 15,476,856 | N/A |