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Quantbot Technologies LP Buys Stake in Newmont Corporation
Hedge fund adds 8,704 shares of gold mining company to portfolio
Published on Mar. 8, 2026
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Quantbot Technologies LP, a hedge fund, has purchased a new position in Newmont Corporation (NYSE:NEM), acquiring 8,704 shares of the basic materials company's stock during the third quarter. The shares are valued at approximately $734,000.
Why it matters
Newmont is one of the world's largest gold mining companies, with operations spanning exploration, development, processing, and reclamation. The purchase by Quantbot Technologies suggests the hedge fund sees potential upside in Newmont's stock and the broader gold mining industry.
The details
According to a recent filing with the Securities and Exchange Commission, Quantbot Technologies LP purchased 8,704 shares of Newmont Corporation during the third quarter. This new position is valued at around $734,000. The hedge fund's investment in Newmont comes as the company has seen its stock price rise, driven by factors such as increased gold prices and the company's focus on sustainable mining practices.
- Quantbot Technologies LP purchased the 8,704 Newmont shares during the third quarter of the year.
The players
Quantbot Technologies LP
A hedge fund that has purchased a new position in Newmont Corporation.
Newmont Corporation
A leading global gold mining company engaged in exploration, development, processing, and reclamation of gold properties.
The takeaway
Quantbot Technologies' investment in Newmont Corporation suggests the hedge fund sees potential upside in the gold mining company's stock and the broader gold mining industry. This purchase reflects the continued investor interest in gold-related assets amid economic uncertainty and market volatility.
