Citigroup Reduces Stake in Taseko Mines

Investment firm sells over 220,000 shares of Canadian mining company

Published on Mar. 6, 2026

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Citigroup Inc. has lowered its position in Taseko Mines Limited (NYSE:TGB) by 20.1% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm sold 221,113 shares, leaving it with 877,928 shares, or about 0.24% ownership of the Canadian copper mining company.

Why it matters

Taseko Mines is a major copper producer in Canada, and changes in ownership by large institutional investors like Citigroup can signal shifts in market sentiment around the company and the broader copper mining industry.

The details

Citigroup cited the sale of 221,113 Taseko Mines shares, reducing its total stake to 877,928 shares worth approximately $3.7 million. Other hedge funds have also modified their holdings in Taseko, with CenterBook Partners LP, Carrera Capital Advisors, and Geode Capital Management LLC all making adjustments to their positions in the third quarter.

  • Citigroup reported the stake reduction in its 13F filing for the third quarter of 2026.

The players

Citigroup Inc.

A major American multinational investment bank and financial services corporation.

Taseko Mines Limited

A Canadian mining company that operates the Gibraltar copper mine, one of Canada's largest open-pit copper producers.

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The takeaway

The reduction in Citigroup's Taseko Mines stake reflects broader shifts in institutional ownership of the copper mining company, which could signal changing market sentiment around the stock and the copper industry more broadly.