Cresset Asset Management Boosts Newmont Corporation Stake

Investment firm increases holding in major gold mining company by over 25%

Published on Mar. 8, 2026

Got story updates? Submit your updates here. ›

Cresset Asset Management LLC grew its stake in Newmont Corporation (NYSE:NEM) by 26.8% during the third quarter, according to a recent SEC filing. The investment firm now owns 24,684 shares of the basic materials company's stock, valued at $2.081 million.

Why it matters

Newmont is one of the world's largest gold mining companies, and institutional investors closely watch changes in major shareholders' positions. This increase by Cresset Asset Management suggests the firm sees further upside potential in Newmont's stock.

The details

Cresset Asset Management added 5,220 shares of Newmont to its portfolio in the third quarter. The firm now holds a total of 24,684 shares, up from 19,464 shares at the end of the prior quarter. Newmont's stock has risen significantly over the past year, driven by strong gold prices and the company's operational performance.

  • Cresset Asset Management increased its Newmont stake in the third quarter of 2026.

The players

Cresset Asset Management LLC

An investment management firm that oversees over $25 billion in client assets.

Newmont Corporation

A leading global gold mining company headquartered in Greenwood Village, Colorado.

Got photos? Submit your photos here. ›

The takeaway

Cresset Asset Management's increased stake in Newmont suggests the firm sees further upside potential in the gold miner's stock, which has already risen significantly over the past year. This is a positive sign for Newmont as it continues to execute on its operational and growth strategies.