Institutional HoldersBeta

Who holds a company, from every 13F filed for the quarter, one row per filer exactly as filed, against the latest share count the company reported.

NORTHERN DYNASTY MINERALS LTD

CIK 0001164771NAK· quarter ending 2026-06-30

Shares outstanding

558,461,162

as of 2025-12-31 · 40-F/A cover page, filed 2026-09-15

Held by 13F filers

110,104,613

19.7% of shares outstanding

Holders

203

+10 vs 2026-03-31 · 39 new, 29 exited

Value

$212.1M

shares -4.8% vs prior quarter

Share classes (cover page of the 40-F/A filed 2026-09-15, as of 2025-12-31)

Class	Listed	Shares outstanding	Held by 13F filers	% of class	Holders	CUSIP
Common stock	NAK · NYSE	558,461,162	110,104,613	19.7%	203	66510M204

Each class is compared with its own share count; classes are not added together. A class that is not exchange-listed cannot be held by 13F filers.

Securities (CUSIPs held in 13F this quarter)

tick to combine

Count	CUSIP	Class (as filers write it)	Holders	Shares held	Class shares	% of class	Value	Options	Mapped via
	66510M204	COM NEW	203	110,104,613	558,461,162	19.7%	$212.1M	6 call / 3 put	13DG	holders →
	66510M956	EQUITYnot common	1	206,307	—	—	$394K	—	prefix	holders →

Totals combine the ticked CUSIPs and update as you tick: common-stock classes by default; preferreds, notes, warrants and depositary shares are listed but not counted. "holders →" shows a single CUSIP on its own. Bonds are held as a principal amount, not shares. Options positions are never counted as holdings.

Top holders (203 of 203 · 66510M204)

change vs 2026-03-31

#	Filer	Shares	% of class	Value	Change
1	Kopernik Global Investors, LLC	32,178,392	5.76%	$61.8M	-477,454 (-1.5%)
2	MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	26,369,817	4.72%	$50.4M	+2,066,614 (+8.5%)
3	TWO SIGMA INVESTMENTS, LP	5,918,438	1.06%	$11.4M	-3,862,371 (-39.5%)
4	RENAISSANCE TECHNOLOGIES LLC	4,650,149	0.83%	$8.9M	+190,000 (+4.3%)
5	MILLENNIUM MANAGEMENT LLC	3,901,608	0.70%	$7.5M	-1,525,135 (-28.1%)
6	Russell Investments Group, Ltd.	3,262,046	0.58%	$6.3M	-9,741 (-0.3%)
7	COMMONWEALTH EQUITY SERVICES, LLC	2,513,443	0.45%	$4.8M	-80,189 (-3.1%)
8	CITADEL ADVISORS LLC	2,382,896	0.43%	$4.6M	+440,708 (+22.7%)
9	SUSQUEHANNA INTERNATIONAL GROUP, LLP	2,131,934	0.38%	$4.1M	+628,646 (+41.8%)
10	JANE STREET GROUP, LLC	2,064,965	0.37%	$4.0M	-3,416,034 (-62.3%)
11	Stenham Asset Management Ltd	2,046,000	0.37%	$3.9M	—
12	UBS Group AG	1,546,173	0.28%	$3.0M	+52,319 (+3.5%)
13	MACKENZIE FINANCIAL CORP	1,293,736	0.23%	$3.5M	+56,665 (+4.6%)
14	GAM Holding AG	1,060,000	0.19%	$2.0M	-1,800,000 (-62.9%)
15	BANK OF MONTREAL /CAN/	1,033,027	0.18%	$2.0M	+135,500 (+15.1%)
16	Swiss National Bank	1,016,400	0.18%	$1.9M	-84,100 (-7.6%)
17	Cambridge Investment Research Advisors, Inc.	994,960	0.18%	$1.9M	+443,558 (+80.4%)
18	TD Asset Management Inc	883,455	0.16%	$1.7M	+50,725 (+6.1%)
19	JPMORGAN CHASE & CO	869,988	0.16%	$1.7M	+869,947 (+2121822.0%)
20	SEI INVESTMENTS CO	868,173	0.16%	$1.7M	-689,965 (-44.3%)
21	IMC-Chicago, LLC	662,884	0.12%	$1.3M	-49,497 (-6.9%)
22	OSAIC HOLDINGS, INC.	618,651	0.11%	$1.2M	+536,427 (+652.4%)
23	STATE STREET CORP	613,758	0.11%	$1.2M	+191,058 (+45.2%)
24	GROUP ONE TRADING LLC	527,538	0.09%	$1.0M	+105,679 (+25.1%)
25	Legal & General Group Plc	510,706	0.09%	$976K	+38,951 (+8.3%)
26	HRT FINANCIAL LP	446,210	0.08%	$856K	+241,538 (+118.0%)
27	NATIONS FINANCIAL GROUP INC, /IA/ /ADV	431,300	0.08%	$828K	+10,000 (+2.4%)
28	NewEdge Advisors, LLC	420,229	0.08%	$807K	+392,109 (+1394.4%)
29	GEODE CAPITAL MANAGEMENT, LLC	382,470	0.07%	$731K	+9,041 (+2.4%)
30	Zurcher Kantonalbank (Zurich Cantonalbank)	369,156	0.07%	$705K	+212,432 (+135.5%)
31	VANGUARD ASSET MANAGEMENT, Ltd	362,167	0.06%	$692K	—
32	Ionic Capital Management LLC	345,686	0.06%	$664K	-113,314 (-24.7%)
33	Nuveen, LLC	338,240	0.06%	$646K	-64,812 (-16.1%)
34	BANK OF AMERICA CORP /DE/	292,056	0.05%	$561K	+133,805 (+84.6%)
35	SIMPLEX TRADING, LLC	291,104	0.05%	$559K	+72,944 (+33.4%)
36	Rathbones Group PLC	282,000	0.05%	$539K	NEW
37	BlackRock, Inc.	245,511	0.04%	$471K	+134,555 (+121.3%)
38	Point72 Asset Management, L.P.	217,950	0.04%	$423K	NEW
39	Quadrature Capital Ltd	216,423	0.04%	$416K	+82,865 (+62.0%)
40	RFG Advisory, LLC	202,490	0.04%	$389K	—
41	GRIMES & Co WEALTH MANAGEMENT, LLC	189,750	0.03%	$364K	—
42	LPL Financial LLC	183,656	0.03%	$353K	+30,718 (+20.1%)
43	GOLDMAN SACHS GROUP INC	175,456	0.03%	$337K	-41,497 (-19.1%)
44	Aletheian Wealth Advisors LLC	168,200	0.03%	$323K	—
45	Vanguard Investments Australia, Ltd.	148,907	0.03%	$285K	—
46	Federation des caisses Desjardins du Quebec	140,550	0.03%	$260K	—
47	HighTower Advisors, LLC	138,683	0.02%	$266K	+6,550 (+5.0%)
48	LCM Capital Management Inc	131,644	0.02%	$253K	-26,956 (-17.0%)
49	Cetera Investment Advisers	110,860	0.02%	$213K	+16,930 (+18.0%)
50	BRADY FAMILY WEALTH, LLC	110,000	0.02%	$211K	—
51	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	107,499	0.02%	$205K	-8,201 (-7.1%)
52	SBI Securities Co., Ltd.	105,869	0.02%	$203K	+75,237 (+245.6%)
53	Gotham Asset Management, LLC	100,683	0.02%	$193K	NEW
54	CAPTRUST FINANCIAL ADVISORS	100,175	0.02%	$192K	+44,576 (+80.2%)
55	CADINHA & CO LLC	100,000	0.02%	$192K	—
56	Stratos Wealth Advisors, LLC	98,788	0.02%	$190K	—
57	Pictet Asset Management Holding SA	97,311	0.02%	$186K	-11,738 (-10.8%)
58	Composition Wealth, LLC	85,955	0.02%	$165K	—
59	Cerity Partners LLC	85,464	0.02%	$164K	+6,038 (+7.6%)
60	Arax Advisory Partners	84,106	0.02%	$161K	NEW
61	SPROTT INC.	83,488	0.01%	$160K	+18,000 (+27.5%)
62	CIBC Asset Management Inc	76,518	0.01%	$146K	+2,770 (+3.8%)
63	TORONTO DOMINION BANK	76,110	0.01%	$145K	-33,766 (-30.7%)
64	XTX Topco Ltd	74,938	0.01%	$144K	-74,681 (-49.9%)
65	RAYMOND JAMES FINANCIAL INC	67,321	0.01%	$129K	-5,437 (-7.5%)
66	CARY STREET PARTNERS FINANCIAL LLC	62,000	0.01%	$119K	+1,000 (+1.6%)
67	Pasadena Private Wealth, LLC	52,453	0.01%	$101K	NEW
68	Allegheny Financial Group	52,100	0.01%	$100K	—
69	Stone House Investment Management, LLC	51,575	0.01%	$99K	NEW
70	CANADA LIFE ASSURANCE Co	51,104	0.01%	$93K	—
71	CITIGROUP INC	46,241	0.01%	$88K	+26,767 (+137.4%)
72	Tower Research Capital LLC (TRC)	45,234	0.01%	$87K	+43,734 (+2915.6%)
73	AMERICAN CENTURY COMPANIES INC	45,047	0.01%	$86K	-25,906 (-36.5%)
74	Game Plan Financial Advisors, LLC	45,000	0.01%	$86K	—
75	Ethos Financial Group, LLC	45,000	0.01%	$62K	NEW
76	EQUITABLE TRUST CO	42,311	0.01%	$81K	+17,311 (+69.2%)
77	PITTENGER & ANDERSON INC	40,750	0.01%	$78K	—
78	Versant Capital Management, Inc	40,606	0.01%	$78K	—
79	Western Reserve Capital Management, LLC	40,106	0.01%	$77K	-16,000 (-28.5%)
80	Pekin Hardy Strauss, Inc.	40,000	0.01%	$77K	—
81	ROYAL BANK OF CANADA	39,656	0.01%	$76K	-3,392 (-7.9%)
82	SIG BROKERAGE, LP	36,957	0.01%	$71K	—
83	Sowell Financial Services LLC	35,300	0.01%	$68K	NEW
84	ALLIUM FINANCIAL ADVISORS, LLC	35,000	0.01%	$67K	—
85	626 Financial, LLC	34,200	0.01%	$66K	+4,000 (+13.2%)
86	MORGAN STANLEY	33,068	0.01%	$63K	+13,672 (+70.5%)
87	SCRATCH CAPITAL LLC	32,434	0.01%	$62K	—
88	TUDOR INVESTMENT CORP ET AL	30,986	0.01%	$59K	-27,914 (-47.4%)
89	TWO SIGMA SECURITIES, LLC	30,596	0.01%	$59K	+19,788 (+183.1%)
90	Blueshift Asset Management, LLC	30,517	0.01%	$59K	NEW
91	Swiss Life Asset Management Ltd	30,091	0.01%	$57K	+1,415 (+4.9%)
92	&PARTNERS	30,000	0.01%	$58K	—
93	Ellsworth Advisors, LLC	29,474	0.01%	$50K	+9,035 (+44.2%)
94	WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	28,926	0.01%	$49K	+4,025 (+16.2%)
95	Baird Financial Group, Inc.	28,548	0.01%	$55K	-2,052 (-6.7%)
96	TCFG Investment Advisors, LLC	26,600	0.00%	$51K	+2,000 (+8.1%)
97	Kestra Advisory Services, LLC	26,570	0.00%	$51K	-4,914 (-15.6%)
98	Aptus Capital Advisors, LLC	26,500	0.00%	$51K	+8,000 (+43.2%)
99	AQR CAPITAL MANAGEMENT LLC	26,365	0.00%	$50K	+13,031 (+97.7%)
100	Brookstone Capital Management	26,285	0.00%	$50K	+1,874 (+7.7%)
101	Sage Investment Advisers LLC	26,000	0.00%	$50K	—
102	Janney Montgomery Scott LLC	25,450	0.00%	$49K	+450 (+1.8%)
103	SILVERLAKE WEALTH MANAGEMENT LLC	25,000	0.00%	$48K	—
104	FNY Investment Advisers, LLC	25,000	0.00%	$48K	—
105	AMERIPRISE FINANCIAL INC	24,532	0.00%	$47K	NEW
106	WELLS FARGO & COMPANY/MN	24,220	0.00%	$47K	-121,096 (-83.3%)
107	JONES FINANCIAL COMPANIES LLLP	24,112	0.00%	$45K	+5,500 (+29.6%)
108	Creative Planning	23,791	0.00%	$46K	-5,474 (-18.7%)
109	Kovack Advisors, Inc.	23,500	0.00%	$44K	+9,000 (+62.1%)
110	STIFEL FINANCIAL CORP	23,500	0.00%	$45K	—
111	True North Advisors, LLC	22,750	0.00%	$44K	NEW
112	DEUTSCHE BANK AG\	22,688	0.00%	$44K	+13,896 (+158.1%)
113	Sequoia Financial Advisors, LLC	22,516	0.00%	$43K	+265 (+1.2%)
114	OLIO Financial Planning	22,420	0.00%	$43K	—
115	BARCLAYS PLC	21,638	0.00%	$42K	-18,362 (-45.9%)
116	FOUNDERS FINANCIAL SECURITIES LLC	21,160	0.00%	$41K	+2,160 (+11.4%)
117	Allworth Financial LP	21,001	0.00%	$40K	-4,467 (-17.5%)
118	DRW Securities, LLC	20,639	0.00%	$40K	NEW
119	Ground Swell Capital, LLC	20,100	0.00%	$39K	NEW
120	Delta Investment Management, LLC	20,069	0.00%	$39K	NEW
121	HUB Investment Partners, LLC	20,000	0.00%	$38K	NEW
122	Strathmore Capital Advisors, Inc.	20,000	0.00%	$35K	—
123	Prairiewood Capital, LLC	20,000	0.00%	$38K	—
124	Dakota Wealth Management	19,641	0.00%	$38K	—
125	Ausdal Financial Partners, Inc.	18,696	0.00%	$36K	NEW
126	Brevan Howard Capital Management LP	18,600	0.00%	$38K	-37,100 (-66.6%)
127	SevenBridge Financial Group, LLC	18,500	0.00%	$32K	—
128	Keystone Financial Group	18,000	0.00%	$35K	—
129	Plancorp, LLC	17,743	0.00%	$29K	-3,738 (-17.4%)
130	Independent Wealth Network Inc.	16,871	0.00%	$32K	+1,251 (+8.0%)
131	TD Waterhouse Canada Inc.	16,200	0.00%	$29K	+200 (+1.3%)
132	PFG Investments, LLC	16,126	0.00%	$31K	-11,955 (-42.6%)
133	GREAT VALLEY ADVISOR GROUP, INC.	15,730	0.00%	$30K	-2,150 (-12.0%)
134	ONE PLUS ONE WEALTH MANAGEMENT, LLC	15,494	0.00%	$30K	-5,714 (-26.9%)
135	Wealth Alliance Advisory Group, LLC	15,300	0.00%	$29K	—
136	Steward Partners Investment Advisory, LLC	15,148	0.00%	$29K	+5,736 (+60.9%)
137	Corient Private Wealth LP	14,694	0.00%	$28K	+4,444 (+43.4%)
138	STRATEGY ASSET MANAGERS LLC	14,677	0.00%	$28K	—
139	CIBC WORLD MARKET INC.	14,539	0.00%	$28K	+5 (+0.0%)
140	Engineers Gate Manager LP	14,027	0.00%	$27K	-61,972 (-81.5%)
141	Principia Wealth Advisory, LLC	13,000	0.00%	$25K	—
142	Ridgepath Capital Management LLC	13,000	0.00%	$25K	+3,000 (+30.0%)
143	Vident Advisory, LLC	12,963	0.00%	$25K	-227 (-1.7%)
144	INTEGRITY ALLIANCE, LLC.	12,945	0.00%	$25K	-955 (-6.9%)
145	Moors & Cabot, Inc.	12,600	0.00%	$24K	+2,600 (+26.0%)
146	Arkadios Wealth Advisors	12,500	0.00%	$24K	+2,500 (+25.0%)
147	COOKSON PEIRCE & CO INC	12,479	0.00%	$24K	—
148	AXQ CAPITAL, LP	12,304	0.00%	$24K	NEW
149	Mariner, LLC	12,129	0.00%	$23K	NEW
150	WEBSTER BANK, N. A.	11,500	0.00%	$22K	—
151	Vanguard Personalized Indexing Management, LLC	11,155	0.00%	$21K	NEW
152	IFC & Insurance Marketing, Inc.	11,115	0.00%	$21K	+750 (+7.2%)
153	Macro Advisors, Inc.	11,087	0.00%	$21K	—
154	1900 WEALTH MANAGEMENT LLC	11,013	0.00%	$21K	—
155	UPTICK PARTNERS, LLC	11,000	0.00%	$21K	—
156	MONEY CONCEPTS CAPITAL CORP	10,898	0.00%	$21K	—
157	Investment Planning Advisors, Inc.	10,440	0.00%	$20K	-1,500 (-12.6%)
158	Sandhill Capital Partners LLC	10,131	0.00%	$19K	NEW
159	NVWM, LLC	10,000	0.00%	$19K	—
160	WOLFF WIESE MAGANA LLC	10,000	0.00%	$19K	NEW
161	VAN DEN BERG MANAGEMENT I, INC	10,000	0.00%	$19K	—
162	HOEY INVESTMENTS, INC	10,000	0.00%	$19K	—
163	Range Financial Group LLC	10,000	0.00%	$19K	—
164	SHEETS SMITH WEALTH MANAGEMENT	10,000	0.00%	$19K	—
165	THOMPSON DAVIS & CO., INC.	10,000	0.00%	$19K	NEW
166	PRIMORIS WEALTH ADVISORS, LLC	10,000	0.00%	$19K	—
167	HHM Wealth Advisors, LLC	9,753	0.00%	$19K	+762 (+8.5%)
168	NATIONAL BANK OF CANADA /FI/	8,287	0.00%	$13K	+2,360 (+39.8%)
169	Truvestments Capital LLC	7,500	0.00%	$14K	NEW
170	State of Wyoming	5,885	0.00%	$11K	NEW
171	HARBOUR INVESTMENTS, INC.	5,869	0.00%	$11K	+1,000 (+20.5%)
172	SIGNATUREFD, LLC	5,170	0.00%	$10K	+1,879 (+57.1%)
173	Ankerstar Wealth, LLC	5,000	0.00%	$10K	NEW
174	Parallel Advisors, LLC	4,200	0.00%	$8K	—
175	Cassaday & Co Wealth Management LLC	4,000	0.00%	$8K	—
176	Strategic Wealth Partners, Ltd.	3,600	0.00%	$7K	+100 (+2.9%)
177	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	3,000	0.00%	$6K	—
178	Acumen Wealth Advisors, LLC	3,000	0.00%	$6K	—
179	IFP Advisors, Inc	2,705	0.00%	$5K	—
180	TOTH FINANCIAL ADVISORY CORP	2,701	0.00%	$5K	NEW
181	Strategic Investment Solutions, Inc. /IL	2,500	0.00%	$5K	NEW
182	Hurley Capital, LLC	2,222	0.00%	$4K	—
183	Tradewinds Capital Management, LLC	2,000	0.00%	$4K	NEW
184	Global Retirement Partners, LLC	2,000	0.00%	$4K	NEW
185	Evelyn Partners Group Ltd	1,200	0.00%	$2K	NEW
186	CREATIVE FINANCIAL DESIGNS INC /ADV	1,100	0.00%	$2K	—
187	FINANCIAL CONSULATE, INC	1,000	0.00%	$2K	—
188	Aventura Private Wealth, LLC	1,000	0.00%	$2K	NEW
189	Financial Management Professionals, Inc.	1,000	0.00%	$2K	-3,545 (-78.0%)
190	PNC Financial Services Group, Inc.	1,000	0.00%	$2K	NEW
191	United Financial Planning Group LLC	881	0.00%	$2K	NEW
192	Cornerstone Financial Management LLC	567	0.00%	$1K	NEW
193	Independence Bank of Kentucky	525	0.00%	$1K	—
194	CoreCap Advisors, LLC	519	0.00%	$996	NEW
195	Key Financial Inc	500	0.00%	$960	NEW
196	LANARK FINANCIAL, INC.	500	0.00%	$960	—
197	Cape Investment Advisory, Inc.	500	0.00%	$960	NEW
198	RHUMBLINE ADVISERS	440	0.00%	$844	—
199	Physician Wealth Advisors, Inc.	237	0.00%	$456	NEW
200	MCGUIRE CAPITAL ADVISORS INC	100	0.00%	$192	NEW
201	Wiser Advisor Group LLC	100	0.00%	$192	—
202	Bogart Wealth, LLC	60	0.00%	$115	—
203	Dauntless Investment Group, LLC	1	0.00%	$2	—

Exited since 2026-03-31 (29 filers; largest 25 shown)

Bornite Capital Management LP	−1,000,000
Caitong International Asset Management Co., Ltd	−71,130
Shay Capital LLC	−70,000
MARSHALL WACE, LLP	−54,000
STATE OF WISCONSIN INVESTMENT BOARD	−30,464
Linscomb Wealth, Inc.	−26,500
TCFG WEALTH MANAGEMENT, LLC	−24,600
Advance Capital Management, Inc.	−22,500
Almanack Investment Partners, LLC.	−20,330
Vivaldi Capital Management LP	−20,000
Hibernia Wealth Partners, LLC	−15,000
KESTRA PRIVATE WEALTH SERVICES, LLC	−14,000
Fisher Asset Management, LLC	−14,000
DOLIVER ADVISORS, LP	−10,500
Private Advisor Group, LLC	−10,000
Strategies Wealth Advisors, LLC	−10,000
Advisory Services Network, LLC	−8,900
Sound Income Strategies, LLC	−5,000
Synergy Investment Management, LLC	−5,000
QUADRANT CAPITAL GROUP LLC	−4,662
TWIN PEAKS WEALTH ADVISORS, LLC	−4,000
Ascentis Independent Advisors	−3,190
Longview Financial Advisors, Inc.	−2,200
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	−1,300
Evelyn Partners Investment Management LLP	−1,200

Large holders from 13D/13G (latest per reporting person, last 2 years)

Filed when a holder crosses 5% or changes materially, so often more current than the quarter-end 13F. Percentages are the filer's own, against the share count they used.

Reporting person	Form	Filed	Event	Shares	% of class
David B. Iben	SCHEDULE 13D/A	2026-04-07	2026-03-19	83,628,221	14%
Kopernik Global Investors, LLC	SCHEDULE 13D/A	2026-04-07	2026-03-19	83,628,221	14%
IBEN DAVID B	SCHEDULE 13D/A	2025-11-13	2025-11-12	74,575,588	12.7%

Source: SEC Form 13F-HR information tables for the quarter ending 2026-06-30 (filed within 45 days of quarter end; amendments applied; values normalised to dollars), the share count from the company's latest 10-K/10-Q XBRL cover page, and Schedule 13D/13G filings. Each row is a legal 13F filer as filed — related entities (e.g. Vanguard's advisers) are not merged. Retail brokerage accounts are not reported on 13F, so the remainder is mostly retail and insiders.