Bamco Inc. NY Invests $25.83 Million in Sociedad Quimica y Minera S.A. $SQM

Investment firm Bamco Inc. NY takes major stake in Chilean chemical and mining company SQM.

Mar. 16, 2026 at 8:19am

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Bamco Inc. NY, an investment management firm, has purchased a new stake of 600,938 shares in Sociedad Quimica y Minera S.A. (SQM), a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The investment, valued at approximately $25.83 million, represents around 0.21% ownership in SQM.

Why it matters

This investment highlights the growing interest and confidence in SQM, a key player in the production of lithium, potassium, and iodine - critical inputs for the agricultural, industrial, and high-tech sectors. Bamco's move suggests the firm sees strong growth potential in SQM's business, which has been boosted by rising demand for lithium used in electric vehicle batteries and energy storage systems.

The details

According to SQM's most recent 13F filing with the SEC, Bamco Inc. NY purchased the 600,938 shares of SQM stock during the third quarter. This new stake represents approximately 0.21% of SQM's total outstanding shares. The investment was valued at around $25.83 million based on SQM's stock price at the time.

  • Bamco Inc. NY purchased the SQM shares during the third quarter of the year.

The players

Bamco Inc. NY

An investment management firm that has taken a major stake in Sociedad Quimica y Minera S.A.

Sociedad Quimica y Minera S.A. (SQM)

A leading global producer of specialty chemicals and minerals, including lithium, potassium, and iodine, headquartered in Santiago, Chile.

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The takeaway

Bamco Inc. NY's substantial investment in SQM underscores the growing importance of specialty chemicals and minerals, particularly lithium, in powering the global transition to renewable energy and electric vehicles. This move signals Bamco's confidence in SQM's ability to capitalize on these emerging market trends.