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Ray Dalio's Northern Oil and Gas, Inc. (NOG) position

Not anymore: Ray Dalio fully exited NOG in Q2 2025. The position peaked at $18M in Q3 2024.
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Value at exit
$8.6M
Shares at exit
285K
Est. average buy price (i)
$38.03
Quarter-end price
$30.23

Estimated trade prices

Average price in quarters with purchases
$38.01
Average prices in quarters with sales
  • Q1 2025: $34.27 (51K shares sold)
  • Q4 2024: $39.19 (175K shares sold)
  • Q2 2024: $40.11 (75K shares sold)

NOG price vs Dalio's position

1Y 3Y 5Y MAX
Dates
$10$20$40$6020222023202420252026New position of 140K shares · Q3 2023. Average closing price $39.44 · Price range $33.58–$42.99140KsharespurchasedAdded 63K shares (44.9%) · Q4 2023. Average closing price $37.81 · Price range $34.89–$40.8263KsharespurchasedAdded 89K shares (44.1%) · Q1 2024. Average closing price $35.45 · Price range $31.73–$39.6889KsharespurchasedSold 75K shares (25.6%) · Q2 2024. Average closing price $40.11 · Price range $36.76–$43.5475KsharessoldAdded 294K shares (135.6%) · Q3 2024. Average closing price $38.15 · Price range $33.96–$43.19294KsharespurchasedSold 175K shares (34.2%) · Q4 2024. Average closing price $39.19 · Price range $35.57–$43.49175KsharessoldSold 51K shares (15.3%) · Q1 2025. Average closing price $34.27 · Price range $26.89–$42.0751Ksharessold
Average closing price · filing quarter
$34.27
Price range · filing quarter
$26.89 – $42.07
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Every quarterly change

Quarter Action Shares change Est. value change Δ Own Shares held Filing date
Q2 2025 Exited −285K −$7.7M −100.0% 0 Aug 13, 2025
Q1 2025 Reduced −51K −$1.8M −15.3% 285K May 14, 2025
Q4 2024 Reduced −175K −$6.8M −34.2% 337K Feb 13, 2025
Q3 2024 Added +294K +$11M +135.6% 511K Nov 13, 2024
Q2 2024 Reduced −75K −$3.0M −25.6% 217K Aug 14, 2024
Q1 2024 Added +89K +$3.2M +44.1% 292K May 14, 2024
Q4 2023 Added +63K +$2.4M +44.9% 202K Feb 14, 2024
Q3 2023 New +140K +$5.5M – 140K Nov 13, 2023
Data through Q2 2025 · filed Aug 13, 2025
8 grouped rows from 8 quarters

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Common questions

Does Ray Dalio own NOG?

Not currently. Ray Dalio fully exited NOG in Q2 2025, and the complete history is above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

When did Ray Dalio buy NOG?

Ray Dalio first disclosed a NOG position in Q3 2023; every quarterly buy and sell since is in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

Did Ray Dalio sell NOG?

Yes. Ray Dalio reduced and then fully exited NOG by Q2 2025; the reductions are in the table above. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How many shares of NOG does Ray Dalio own?

None as of the latest filing: Ray Dalio has exited NOG. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

What price did Ray Dalio pay for NOG?

Ray Dalio's estimated average buy price for NOG is $38.03, from quarter-average prices weighted by the shares added each quarter. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.

How are the estimated trade prices calculated?

13F filings disclose quarter-end holdings, not trade dates or execution prices. These estimates use each covered quarter's average market price; the add average excludes the opening position and quarters without price data. All figures come from SEC 13F filings for Q1 2026, the latest disclosed quarter.