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Greenwood Village Today
By the People, for the People
Korea Investment CORP Reduces Newmont Corporation Stake
The institutional investor sold 166,990 shares of the gold mining company in the third quarter.
Published on Mar. 9, 2026
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Korea Investment CORP, a major institutional investor, reduced its position in Newmont Corporation (NYSE:NEM) by 17.4% during the third quarter. The firm now owns 793,943 shares of the basic materials company's stock, down from 960,933 shares previously.
Why it matters
Newmont is one of the world's largest gold mining companies, and institutional investors like Korea Investment CORP closely follow and trade its stock. This reduction in their Newmont holdings could signal a shift in market sentiment or portfolio strategy for the large investor.
The details
According to a recent SEC filing, Korea Investment CORP sold 166,990 shares of Newmont Corporation in the third quarter. The firm now owns 793,943 shares of the basic materials company's stock, worth approximately $66.9 million as of the most recent filing. Newmont is a leading global gold mining company engaged in exploration, development, processing and reclamation of gold properties.
- Korea Investment CORP reduced its Newmont stake during the third quarter of 2026.
The players
Korea Investment CORP
A major institutional investor that reduced its position in Newmont Corporation.
Newmont Corporation
A leading global gold mining company engaged in exploration, development, processing and reclamation of gold properties.
The takeaway
This reduction in holdings by a major institutional investor like Korea Investment CORP could signal a shift in market sentiment around Newmont Corporation's stock, though the reasons behind the portfolio change are not entirely clear from the available information.
