Thomas Kaplan
Fund ManagerNatural resources investor. Chairman of Electrum Group.
NovaGold is 90% of Thomas Kaplan's $923.1M disclosed book
5 tracked · Filing-sourced (SEC) · Latest filing May 12, 2026 · $923.1M · 13F, Form 4, 13D/G
Thomas Kaplan is Chairman and Chief Investment Officer of The Electrum Group LLC, a privately held natural resources investment company in New York. Kaplan co-founded NovaGold Resources. As of Q1 2026, Electrum's SEC 13F filing reports a $1.08 billion portfolio with 77% concentrated in NovaGold (92.9 million shares, approximately 21% of the company's outstanding shares). The portfolio also holds International Tower Hill Mines ($73M) and smaller positions in Coeur Mining, Hecla Mining, and Pan American Silver.
Portfolio allocation
Holdings (5)
Showing 5 of 8 reported positions · ordered by reported value
NG 90.4%
Largest by weight
$923.1M
Tracked value
92,902,813 shares · $834.3M
31,918,825 shares · $73.4M
356,251 shares · $6.6M
92,130 shares · $5.0M
200,315 shares · $3.8M
Get Alerts for Thomas Kaplan
Get notified when Thomas Kaplan's holdings are updated on GoldSignal. Updates reflect disclosed portfolio changes as we ingest them, not real-time trades.
Portfolio Intelligence
Portfolio Intelligence
Aggregated from this investor's disclosed positions. Methodology
Portfolio Gold Beta
Equal-weight average of cached stock-level gold beta values across disclosed holdings with available regression data.
Beta
n/a
R-squared
n/a
Coverage
Limited coverage: 0%
0 of 0 holdings, equal weight
Consensus Holdings
Holdings also disclosed by other tracked investors.
No overlapping disclosed holdings in the cache.
Similar Portfolios
No shared holdings found in the cache.
Filing Timeline
No recent activity rows in the cache.
Additional disclosed positions from interviews and public statements may appear above the 13F-sourced list.
Holdings from the most recent SEC 13F filing by Electrum Group LLC, a precious-metals focused asset manager. This page shows names in the GoldSignal universe that appeared in that filing. NovaGold (NG) is 77.1% of Electrum's entire 13F book. Kaplan holds approximately 92.9 million shares, representing roughly 21% of NovaGold's outstanding shares.