Newmont
1,125 hedge funds and large institutions have $33.8B invested in Newmont in 2024 Q2 according to their latest regulatory filings, with 170 funds opening new positions, 445 increasing their positions, 357 reducing their positions, and 81 closing their positions.
110% more first-time investments, than exits
New positions opened: 170 | Existing positions closed: 81
25% more repeat investments, than reductions
Existing positions increased: 445 | Existing positions reduced: 357
19% more capital invested
Capital invested by funds: $28.4B → $33.8B (+$5.39B)
7% more funds holding in top 10
Funds holding in top 10: 27 → 29 (+2)
7% more funds holding
Funds holding: 1,053 → 1,125 (+72)
1.35% more ownership
Funds ownership: 68.52% → 69.87% (+1.4%)
27% less call options, than puts
Call options by funds: $1.12B | Put options by funds: $1.52B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$224M |
| 2 |
BlackRock
New York
|
+$216M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$119M |
| 4 |
MIHAS
Maj Invest Holding A/S
Copenhagen K,
Denmark
|
+$105M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$98.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$145M |
| 2 |
RL
Ruffer LLP
London,
United Kingdom
|
-$102M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$80M |
| 4 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
-$70.6M |
| 5 |
CG
Carmignac Gestion
Paris,
France
|
-$56.9M |
NEM Hedge Fund Activity: Q2 2024 in Review
1,125 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Newmont (NEM) for Q2 2024, worth a combined $33.8B — up 19% from $28.4B a quarter earlier.
Buyers outnumbered sellers: 170 funds opened new NEM positions and 81 closed out — a net gain of 89 holders — while 445 added to existing stakes and 357 trimmed.
The largest buyer was Orbis Allan Gray, adding an estimated $224M. The largest seller was Fidelity Investments, cutting an estimated $145M.
- 1,125 institutional investors held Newmont (NEM) as of Q2 2024, up from 1,053 in Q1 2024.
- Funds reported $33.8B of Newmont stock for Q2 2024, up 19% quarter-over-quarter.
- 170 funds opened new Newmont positions in Q2 2024 and 81 closed out, a net change of +89 holders.
- The largest Newmont buyer in Q2 2024 was Orbis Allan Gray, an estimated $224M added.
- The largest Newmont seller in Q2 2024 was Fidelity Investments, an estimated $145M sold.
Based on aggregated 13F filings for Q2 2024.