The divergence between quant buyers and traditional asset manager sellers suggests a tug-of-war over Newmont's near-term outlook. Monitor Q3 2026 gold price trends and Newmont's operational updates to see which side is validated. The 45-day reporting lag means these positions may have already shifted.
Executive Summary
A mixed institutional cluster in NEM for Q2 2026 shows 52 buyers accumulating $443.3M in new positions versus 41 sellers reducing by $415.8M, resulting in a nearly balanced net flow. The buying is dominated by quant funds (Citadel, D.E. Shaw, Millennium, Jane Street) and a new position from Alecta, while selling is led by Capital Group, Ninety One UK, and TD Asset Management. This suggests divergent views on gold miner Newmont amid sector uncertainty, with active quant funds betting on a rebound and traditional asset managers trimming exposure.
Key Financial Metrics
Institutional Positions
Net institutional flow: $27.5M
▲ Buyers (52)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel | DOUBLED | +161.7% | $222.5M | $124.0M |
| D.E. Shaw | ADD | +95.5% | $133.0M | $54.1M |
| Millennium | DOUBLED | +219.7% | $88.1M | $56.2M |
| Jane Street Group | DOUBLED | +158% | $260.0M | $143.2M |
| Alecta Tjanstepension Omsesidigt | NEW | +0% | $50.7M | $50.7M |
▼ Sellers (41)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Capital Group | TRIM | -31.5% | $327.2M | -$133.7M |
| Ninety One Uk | TRIM | -48.6% | $220.0M | -$122.4M |
| Td Asset Management | TRIM | -28.2% | $168.2M | -$64.0M |
| Fjarde Ap-Fonden /Fourth Swedish National | EXIT | -100% | $12.4M | -$12.4M |
Key Facts
- 52 institutional buyers added $443.3M in NEM positions during Q2 2026
- 41 institutional sellers reduced positions by $415.8M
- Quant funds Citadel, D.E. Shaw, Millennium, and Jane Street were among the largest buyers, with Citadel doubling its position to $222.5M
- Alecta Tjanstepension initiated a new $50.7M position
- Capital Group trimmed $133.7M, Ninety One UK cut $122.4M, and TD Asset Management reduced $64.0M
- Net institutional activity was nearly balanced at a net positive of $27.5M
Financial Impact
52 institutions accumulated $443.3M in new NEM positions while 41 institutions reduced holdings by $415.8M, resulting in a net institutional inflow of $27.5M
Risk Factors
- 13F data is 45+ days stale; current positions may differ materially
- Quant funds may have already unwound positions given high-frequency trading strategies
- Gold price volatility could reverse the thesis for either side
- Net flow is nearly balanced, indicating no clear institutional consensus
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-NEM-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | 8-K | $108.87 $110.39 | ▲ +1.40% | ▲ +0.69% | — |
Oct 12, 2026 15d ago | Institutional Cluster | $117.15 $115.59 | ▼ −1.33% | ▼ −1.32% | — |
Oct 2, 2026 25d ago | Insider Cluster | $115.82 $116.39 | ▼ −0.49% | ▲ +0.06% | — |
Sep 3, 2026 7w ago | Insider Cluster | $128.09 $127.09 | ▼ −0.78% | ▼ −0.23% | — |
Aug 7, 2026 11w ago | Insider Cluster | $117.02 $116.97 | ▼ −0.04% | ▲ +0.28% | — |
Jun 15, 2026 19w ago | 8-K | $108.44 $105.67 | ▼ −2.55% | ▼ −1.31% | — |
Jun 3, 2026 20w ago | Insider Cluster | $108.33 $99.72 | ▼ −7.95% | ▼ −5.35% | — |
May 1, 2026 25w ago | Insider Cluster | $108.95 $115.06 | ▲ +5.61% | ▲ +4.22% | — |
May 1, 2026 25w ago | Insider Cluster | $108.59 $108.32 | ▼ −0.25% | ▲ +0.09% | — |
Mar 16, 2026 32w ago | Insider Cluster | $110.19 $110.62 | ▲ +0.39% | ▲ +0.12% | — |
US Market Status
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