What smart money is saying about Newmont
NEM
No fund has written a full thesis on Newmont in our archive, but 8 fund letters report a position in it — most recently PM Capital Global Companies Fund in June 2026.
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8
Reported positions
0
Bought
7
Sold
8
Letters
Position history
Every position in Newmont on record in the archive was reported in Q2 2026, across 8 fund letters — 7 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 8 | 0 | 7 | 0 |
Fund activity · 8 positions · 7 moves
- June 2026
“The fund increased 1.4% for the month, led by strong gains in global banking, which were partially offset by transient headwinds in the precious metals sector. European banks led performance, with Barclays, Lloyds, and CaixaBank rallying 7-11%. The primary drivers were the continuation of a supportive interest rate environment and the emergence of sustained lending growth across Europe. Despite delivering superior profitability, maintaining pristine balance sheets and continuing to return excess capital to shareholders, European banks still trade on valuations of less than 10x earnings while generating double-digit earnings growth. Bank of America and Wells Fargo rallied 10% and 7% respectively, with the US banking sector benefitting from two structural catalysts. The first was the Federal Reserve's annual stress test results, which cleared major banks to deploy their sizeable excess capital reserves. The second was a hawkish shift in market expectations, with investors increasingly fearing stickier inflation and the possibility of future interest rate hikes. Conversely, this macro repricing of US interest rate expectations contributed to a -12% decline in the gold price, weighing on Newmont Mining, which fell -15%.”
Newmont - June 2026
“The Fund’s materials exposure dragged as rotation within the commodity space saw profit taking from our overweight in the mining sector (including Agnico Eagle Mines and Newmont Corporation).”
Newmont - June 2026
Listed in Liontrust Global Dividend Fund’s reported holdings.
Newmont - TrimmedLiontrust Global Alpha FundJune 2026
“The Fund’s materials exposure dragged as rotation within the commodity space saw profit taking from our overweight in the mining sector (including Agnico Eagle Mines and Newmont Corporation).”
Newmont - June 2026
“The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart.”
Newmont - June 2026
Listed in Liontrust GF Global Dividend Fund’s reported holdings.
Newmont - TrimmedLiontrust Balanced FundJune 2026
“The Fund’s materials exposure dragged as rotation within the commodity space saw profit taking from our overweight in the mining sector (including Agnico Eagle Mines, Newmont Corporation and Barrick Mining) .”
Newmont - June 2026
“Trading activity Having bought dislocation in the first quarter, we spent the second selling strength. Five of the quarter’s ten largest contributors were exited outright: SK Hynix, SanDisk, Applied Materials, Credo and Ciena, the last having doubled over the half year. The other five were reduced, among them Broadcom, Arm and Elite Material, and we also exited the first quarter’s standouts Lumentum and Vertiv, plus CoreWeave and Constellation Energy, alongside AppLovin, Newmont, Robinhood, SoFi and Upstart. With Boston Scientific, Shopify and Mercadolibre discussed above, the quarter’s dealing totalled seventeen positions sold and seventeen initiated: unusually high turnover for this Fund, and a deliberate response to the concentration above.”
Newmont
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