PAULSON & CO. INC.: NOVAGOLD RESOURCES INC (NG): Quarterly 13F Position History
As of Q1 2026, PAULSON & CO. INC. reported 27,238,061 shares of NOVAGOLD RESOURCES INC (NG), worth $244.6M and representing 7.9% of its 13F equity book. The position first appeared in Q2 2016 and has been disclosed across 40 13F-HR filings in Pactolio's tracked window.
- 27,238,061Shares Held (Latest Filing)
- $244.6MReported Market Value (Latest Filing)
- 7.9%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- -$9.3MQuarter-over-Quarter Value Change
- 27,238,061Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 40 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 27,238,061 | 0 | — | $244.6M | 7.9% | $9.0 |
| Q4 2025 | 27,238,061 | 0 | — | $253.9M | 7.8% | $9.3 |
| Q3 2025 | 27,238,061 | 0 | — | $239.7M | 8.1% | $8.8 |
| Q2 2025 | 27,238,061 | 0 | — | $111.4M | 5.5% | $4.1 |
| Q1 2025 | 27,238,061 | 0 | — | $79.5M | 4.6% | $2.9 |
| Q4 2024 | 27,238,061 | 0 | — | $90.7M | 5.5% | $3.3 |
| Q3 2024 | 27,238,061 | 0 | — | $111.7M | 7.8% | $4.1 |
| Q2 2024 | 27,238,061 | 0 | — | $94.2M | 7.0% | $3.5 |
| Q1 2024 | 27,238,061 | +3,696,578 | +15.7% | $81.7M | 5.6% | $3.0 |
| Q4 2023 | 23,541,483 | +1,315,183 | +5.9% | $88.0M | 7.9% | $3.7 |
| Q3 2023 | 22,226,300 | 0 | — | $85.3M | 7.6% | $3.8 |
| Q2 2023 | 22,226,300 | 0 | — | $88.7M | 8.7% | $4.0 |
| Q1 2023 | 22,226,300 | 0 | — | $138.2M | 11.5% | $6.2 |
| Q4 2022 | 22,226,300 | 0 | — | $132.9M | 12.0% | $6.0 |
| Q3 2022 | 22,226,300 | 0 | — | $104.2M | 7.6% | $4.7 |
| Q2 2022 | 22,226,300 | 0 | — | $106.9M | 5.3% | $4.8 |
| Q1 2022 | 22,226,300 | 0 | — | $171.8M | 5.3% | $7.7 |
| Q4 2021 | 22,226,300 | 0 | — | $152.5M | 4.7% | $6.9 |
| Q3 2021 | 22,226,300 | 0 | — | $152.9M | 4.4% | $6.9 |
| Q2 2021 | 22,226,300 | 0 | — | $178.0M | 4.3% | $8.0 |
| Q1 2021 | 22,226,300 | 0 | — | $194.7M | 4.5% | $8.8 |
| Q4 2020 | 22,226,300 | 0 | — | $214.9M | 5.6% | $9.7 |
| Q3 2020 | 22,226,300 | 0 | — | $264.3M | 8.2% | $11.9 |
| Q2 2020 | 22,226,300 | 3,000,096 | -11.9% | $204.0M | 6.5% | $9.2 |
| Q1 2020 | 25,226,396 | +3,233,500 | +14.7% | $186.2M | 7.1% | $7.4 |
| Q4 2019 | 21,992,896 | 0 | — | $197.1M | 4.3% | $9.0 |
| Q3 2019 | 21,992,896 | 0 | — | $133.5M | 2.7% | $6.1 |
| Q2 2019 | 21,992,896 | 0 | — | $130.0M | 2.3% | $5.9 |
| Q1 2019 | 21,992,896 | 0 | — | $91.7M | 2.0% | $4.2 |
| Q4 2018 | 21,992,896 | 0 | — | $86.9M | 2.1% | $4.0 |
| Q3 2018 | 21,992,896 | 0 | — | $81.6M | 1.5% | $3.7 |
| Q2 2018 | 21,992,896 | 0 | — | $97.9M | 2.0% | $4.5 |
| Q1 2018 | 21,992,896 | 0 | — | $95.2M | 2.1% | $4.3 |
| Q4 2017 | 21,992,896 | 0 | — | $86.4M | 1.7% | $3.9 |
| Q3 2017 | 21,992,896 | 0 | — | $90.6M | 1.6% | $4.1 |
| Q2 2017 | 21,992,896 | 137,800 | -0.6% | $100.3M | 1.4% | $4.6 |
| Q1 2017 | 22,130,696 | 141,100 | -0.6% | $107.8M | 1.4% | $4.9 |
| Q4 2016 | 22,271,796 | 3,331,200 | -13.0% | $101.6M | 1.3% | $4.6 |
| Q3 2016 | 25,602,996 | 102,400 | -0.4% | $143.4M | 1.6% | $5.6 |
| Q2 2016 | 25,705,396 | — | — | $157.3M | 1.6% | $6.1 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did PAULSON & CO. INC. first disclose a NG position in 13F-HR filings?
PAULSON & CO. INC. first reported NOVAGOLD RESOURCES INC (NG) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 40 reported quarters within Pactolio's tracked window.
What was PAULSON & CO. INC.'s most recent quarter-over-quarter share-count change in NG?
PAULSON & CO. INC. held the same 27,238,061 shares of NG between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent PAULSON & CO. INC.'s cost basis in NG?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.