What smart money is saying about BHP Group
1 fund in our archive has pitched BHP Group — most recently TAMIM Fund: Global High Conviction in August 2026.
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, and South America. The company operates through three segments: Copper, Iron Ore, and Coal. It explores for copper, iron, steelmaking coal, energy coal, nickel, potash, cobalt, sulphide, ammonium sulphate, silver, gold, molybdenum, uranium, and zinc deposits. The company is also involved in the services, marketing, trading, and finance businesses; potash, nickel, and copper development; mining, smelting, refining of nickel; and provision of towing, freight, administrative, and marketing support and other services. BHP Group Limited was founded in 1851 and is headquartered in Melbourne, Australia.
Get an email when a fund writes about it
Position history
Between Q2 2026 and Q3 2026, 2 fund letters reported a position in BHP Group, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 1 |
| Q2 2026 | 1 | 0 | 0 | 0 |
Fund activity · 2 positions
- August 2026
“BHP Group (ASX: BHP) BHP Group (ASX: BHP) is the world’s largest diversified miner, and a holding close to home. It digs iron ore out of the Pilbara, copper out of Chile and Australia, and is building one of the world’s largest potash mines in Canada. It exited petroleum and most of its coal some years ago, leaving a business increasingly built around two things: the iron ore that still generates the bulk of the cash, and the copper that is meant to be the future. Copper is where the interest lies, and it is the quiet connection back to the theme running through this note. Electrification, of cars, of grids, and of the enormous data centres the computing boom requires, runs on copper, and the world is neither finding nor permitting new large copper mines quickly enough to meet the demand. BHP’s existing copper position, led by its stake in Escondida, is among the best in the industry, and the iron-ore business is the cash machine that funds the pivot towards it. The metal under the build-out is as real an exposure to the theme as any semiconductor. BHP is a long-held, core position in the fund, around 1.6 per cent of the portfolio, carried at an unrealised gain of roughly two-thirds and a dependable source of dividends over the years, as the report’s distribution history shows.”
BHP Group - HoldsAugustine Asset Management Global Equity & Fixed Income StrategiesJune 2026
“Positive contributions from global technology (Taiwan Semiconductor Manufacturing, ASML, Apple), European industrials (Siemens), Japanese financials (Mizuho, Sumitomo Mitsui), and US and Asian materials (Freeport McMoran, BHP) were partially offset by Japanese industrials (Mitsui, Marubeni), US healthcare (Gilead, Regeneron, United Therapeutics, Medtronic), and European energy (Shell, TotalEnergies).”
BHP Group
Also mentioned · 2
These funds discuss BHP Group — as a competitor, benchmark or comparable — without disclosing a position in it.
- July 2026
“This year reminds us of 2007 when miners were all the rage. Commodity prices were at their highs, China was growing its economy at +10–15% annually, the industry was supply-constrained, and miners enjoyed supernormal profits. Animal spirits ran wild. Rio Tinto’s share price nearly doubled in 2007, added another third in the first half of 2008, and peaked at double their historic average EV/Sales multiple, partly fuelled by BHP Billiton’s hostile bid.”
BHP Group - MentionedLatitude Global FundJune 2026
“In the years after, leading up to the financial crisis, China spent more than $1tn2 on capex, equivalent to $2tn today, which is of the same order of magnitude as the AI capex boom. As the demand for raw materials increased, mining stocks profited, and their shares soared. Companies like RIO Tinto and BHP Billiton dominated the headlines, and investors’ portfolios.”
BHP Group
Fund coverage · 1 thesis
- TAMIM Fund: Global High ConvictionAugust 2026
BHP Group is a low-cost diversified miner with a core copper-and-iron ore cash engine, leveraged to electrification demand and held as a conviction position with dependable dividends.
Read the full thesis
Read every full thesis on BHP Group
Unlock all 1 thesis — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.
View plans→