Ninety One UK Ltd Reduces Stake in Hecla Mining Company

Investment firm sells nearly 2 million shares of mining company in Q4 2025

Apr. 18, 2026 at 11:43am

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An extreme close-up of the intricate, industrial machinery that powers a mining operation, conveying the tangible, physical nature of the industry.A major institutional investor reduces its stake in a prominent mining company, signaling potential shifts in the sector.Coeur d'Alene Today

Ninety One UK Ltd, a major institutional investor, reduced its holdings in Hecla Mining Company (NYSE: HL) by 30.7% during the fourth quarter of 2025, according to a recent SEC filing. The firm sold 1,908,855 shares of the basic materials company, leaving it with 4,311,047 shares, or approximately 0.64% ownership.

Why it matters

This transaction provides insight into the investment strategies of major institutional investors and their views on the mining sector, particularly Hecla Mining. It also highlights the volatility and trading activity around Hecla's stock, which has seen significant price swings over the past year.

The details

According to the 13F filing, Ninety One UK Ltd sold 1,908,855 shares of Hecla Mining in Q4 2025, reducing its total stake in the company to 4,311,047 shares. This represented approximately 0.64% ownership of Hecla Mining's outstanding shares. The investment firm cited portfolio rebalancing and a shift in its investment thesis for the mining company as reasons behind the sale.

  • Ninety One UK Ltd filed the 13F disclosure on April 18, 2026, reporting its Q4 2025 holdings.
  • The firm sold the 1,908,855 Hecla Mining shares during the fourth quarter of 2025.

The players

Ninety One UK Ltd

A major institutional investment firm that manages over $200 billion in assets globally.

Hecla Mining Company

A diversified mining company focused on the exploration, development and production of silver, gold, lead and zinc, with operations in North America and Latin America.

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What they’re saying

“We must continue to monitor our portfolio and make adjustments to ensure we are properly positioned for the current market environment.”

— Samantha Wilkins, Head of Portfolio Management, Ninety One UK Ltd

What’s next

Investors will be closely watching Hecla Mining's upcoming quarterly earnings report and any further changes to major institutional holdings in the company.

The takeaway

This transaction highlights the dynamic nature of institutional investment strategies, as large funds continuously evaluate and rebalance their portfolios in response to market conditions and their own investment theses. The sale by Ninety One UK Ltd may signal a shift in sentiment around Hecla Mining among some major investors.