First Trust Advisors Boosts Newmont Holdings by 52%

Institutional investor now owns nearly 1 million shares of the mining company

Published on Mar. 10, 2026

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First Trust Advisors LP increased its holdings in Newmont Corporation (NYSE:NEM) by 51.9% in the 3rd quarter, according to a recent SEC filing. The institutional investor now owns 995,834 shares of the basic materials company's stock, worth $83.96 million.

Why it matters

Newmont is one of the world's largest gold mining companies, and institutional investors like First Trust Advisors closely watch the company's performance. This significant increase in holdings suggests First Trust Advisors sees strong growth potential in Newmont's business.

The details

First Trust Advisors acquired an additional 340,112 shares of Newmont in the 3rd quarter, bringing its total holdings to nearly 1 million shares. The firm now owns 0.09% of Newmont's outstanding stock. Other hedge funds and institutional investors have also been increasing their positions in Newmont, indicating growing confidence in the company.

  • First Trust Advisors increased its Newmont holdings in the 3rd quarter of 2026.

The players

First Trust Advisors LP

An institutional investment management firm that has significantly increased its stake in Newmont Corporation.

Newmont Corporation

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

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The takeaway

The substantial increase in First Trust Advisors' Newmont holdings suggests the investment firm sees strong growth potential in the gold mining company, which could signal positive momentum for Newmont's business outlook.