What smart money is saying about Glencore
GLEN.L
No fund has written a full thesis on Glencore in our archive, but 2 fund letters report a position in it — most recently Royal London UK Equity Income Fund in December 2025.
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2
Reported positions
0
Bought
1
Sold
3
Letters
Position history
Every position in Glencore on record in the archive was reported in Q4 2025, across 2 fund letters — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2025 | 2 | 0 | 1 | 0 |
Fund activity · 2 positions · 1 move
- December 2025
“Activity over the quarter was largely related to taking profits and recycling into other positions within the fund. We took the opportunity to reduce our holdings in NatWest, GlaxoSmithKline and Glencore after a period of strong performance.”
Glencore - December 2025
“Performance commentary The fund lagged the benchmark but outperformed the peer group average over the quarter. The main detractor to performance was the healthcare sector, notably the underweight to AstraZeneca which performed strongly on improving sentiment in the US. Hikma Pharmaceuticals also detracted after a disappointing update in light of temporary production delays. Elsewhere, defence companies Chemring and Avon Technologies saw some selling pressure on talks of a potential ceasefire in Ukraine. Among the positives were holdings in Rio Tinto and Glencore, which both performed strongly alongside the broad rally in commodity prices.”
Glencore
Also mentioned · 1
These funds discuss Glencore — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedMassif Capital Real Assets StrategyJune 2026
“Larvotto is bringing the Hillgrove antimony mine in New South Wales into production in a market China banned outright in December 2024, with offtake already secured to Wogen and Glencore rather than to a Chinese converter.”
Glencore
Read the letters behind these Glencore positions
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