F&V Capital Management Trims Newmont Stake by Over 50%

The investment firm reduced its holdings in the gold mining company during Q4 2025.

Apr. 2, 2026 at 8:34am

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F&V Capital Management LLC reduced its stake in Newmont Corporation (NYSE: NEM) by 51.5% in the fourth quarter of 2025, according to a recent SEC filing. The firm sold 172,860 shares, leaving it with 162,715 shares worth $16.2 million, representing 2.4% of its investment portfolio.

Why it matters

Newmont is one of the world's largest gold mining companies, so changes in major institutional investors' holdings can signal broader trends in the gold and mining sectors. This reduction by F&V Capital suggests the firm may be taking a more cautious stance on the company or the industry as a whole.

The details

According to the filing, F&V Capital Management sold 172,860 shares of Newmont during the fourth quarter, reducing its position by over 50%. The firm now holds 162,715 shares of the basic materials company, valued at $16.2 million as of the end of 2025. Newmont accounts for 2.4% of F&V Capital's total investment portfolio, making it the 14th largest holding.

  • F&V Capital Management made the share sale in the fourth quarter of 2025.
  • The firm's previous SEC filing showed it owned 335,575 shares of Newmont as of the end of the third quarter of 2025.

The players

F&V Capital Management LLC

An investment management firm that has reduced its stake in Newmont Corporation by over 50%.

Newmont Corporation

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

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The takeaway

This reduction in F&V Capital's Newmont holdings could signal broader caution about the gold mining industry, though the firm's specific reasons for the sale are unclear. Investors will be watching to see if other major Newmont shareholders make similar moves in the coming quarters.