Assetmark Inc. Boosts Newmont Corporation Holdings by 398%

Investment firm Assetmark Inc. significantly increased its stake in the mining company during the fourth quarter.

Apr. 14, 2026 at 7:20am

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An extreme close-up of gears, levers, and other heavy industrial mining equipment, conveying the tangible, physical nature of the mining industry without using any literal financial symbols or charts.Assetmark Inc.'s major investment in Newmont Corporation reflects the mining company's robust financial performance and growth prospects.Greenwood Village Today

Assetmark Inc. lifted its stake in shares of Newmont Corporation (NYSE:NEM) by 398.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm now owns 2,870,495 shares of the basic materials company's stock, worth approximately $286.6 million.

Why it matters

Newmont is one of the world's largest gold mining companies, and its stock performance is closely watched by investors and analysts. Assetmark's substantial increase in its Newmont holdings suggests the investment firm sees significant upside potential in the company's shares.

The details

Assetmark Inc. purchased an additional 2,294,396 shares of Newmont during the fourth quarter, bringing its total position to 2,870,495 shares. This represents approximately 0.26% of Newmont's outstanding stock. The investment firm cited Newmont's strong financial performance and growth prospects as reasons for the increased stake.

  • Assetmark Inc. disclosed its increased Newmont holdings in a filing with the Securities & Exchange Commission on April 14, 2026.
  • The firm's position was as of the end of the fourth quarter of 2025.

The players

Assetmark Inc.

An investment management firm that oversees approximately $286.6 million in Newmont Corporation shares.

Newmont Corporation

A leading global gold mining company with operations in North America, South America, Australia, and Africa.

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What’s next

Investors will be closely watching Newmont's upcoming quarterly earnings report and any further updates on Assetmark's position in the company.

The takeaway

Assetmark's significant increase in its Newmont holdings underscores the investment firm's confidence in the gold miner's long-term growth potential, even as the broader market remains volatile.