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Greenwood Village Today
By the People, for the People
Banque Pictet & Cie SA Reduces Newmont Corporation Stake
The institutional investor sold 12,869 shares of the mining company in Q4 2025.
Apr. 2, 2026 at 7:34am
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Banque Pictet & Cie SA, a Swiss private bank, reduced its holdings in Newmont Corporation (NYSE: NEM) by 7.3% in the fourth quarter of 2025, according to a recent SEC filing. The bank now owns 164,001 shares of the basic materials company, valued at $16.4 million as of the end of the quarter.
Why it matters
Newmont is one of the world's largest gold mining companies, and institutional investors closely watch changes in ownership of its stock. This reduction in Banque Pictet's position could signal a shift in the bank's outlook on the gold mining sector or Newmont's prospects.
The details
According to the filing, Banque Pictet & Cie SA sold 12,869 shares of Newmont Corporation during the fourth quarter. The bank now holds a total of 164,001 shares, down from 176,870 shares at the end of the previous quarter. Newmont's stock price has seen volatility in recent months amid fluctuations in gold prices and the broader mining industry.
- Banque Pictet & Cie SA filed the 13F report disclosing the stake reduction on April 2, 2026.
- The share sale occurred during the fourth quarter of 2025.
The players
Banque Pictet & Cie SA
A Swiss private bank that manages investments for high-net-worth individuals and institutions.
Newmont Corporation
A leading global gold mining company headquartered in Greenwood Village, Colorado.
The takeaway
This reduction in Banque Pictet's Newmont stake reflects the ongoing volatility in the gold mining sector, as institutional investors adjust their portfolios in response to market conditions and their own investment strategies.
