Newmont
NEM
1,129 hedge funds and large institutions have $33.8B invested in Newmont in 2024 Q2 according to their latest regulatory filings, with 171 funds opening new positions, 447 increasing their positions, 358 reducing their positions, and 81 closing their positions.
111% more first-time investments, than exits
New positions opened: 171 | Existing positions closed: 81
52% more capital inflows, than outflows
Capital inflows: $2.35B | Capital outflows: $1.55B
25% more repeat investments, than reductions
Existing positions increased: 447 | Existing positions reduced: 358
7% more funds holding in top 10
Funds holding in top 10: 27 → 29 (+2)
7% more funds holding
Funds holding: 1,056 → 1,129 (+73)
1.36% more ownership
Funds ownership: 68.53% → 69.89% (+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 |
Orbis Allan Gray
Hamilton,
Bermuda
|
+$224M |
| 2 |
BlackRock
New York
|
+$216M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$119M |
| 4 |
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 |
Ruffer LLP
London,
United Kingdom
|
-$102M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$80M |
| 4 |
Kopernik Global Investors
Tampa,
Florida
|
-$70.6M |
| 5 |
Carmignac Gestion
Paris,
France
|
-$56.9M |
NEM Hedge Fund Activity: Q2 2024 in Review
1,129 of the 6,942 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: 171 funds opened new NEM positions and 81 closed out — a net gain of 90 holders — while 447 added to existing stakes and 358 trimmed.
The largest buyer was Orbis Allan Gray, adding an estimated $224M. The largest seller was Fidelity Investments, cutting an estimated $145M.
- 1,129 institutional investors held Newmont (NEM) as of Q2 2024, up from 1,056 in Q1 2024.
- Funds reported $33.8B of Newmont stock for Q2 2024, up 19% quarter-over-quarter.
- 171 funds opened new Newmont positions in Q2 2024 and 81 closed out, a net change of +90 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.