The cluster is entirely active asset managers, not passive index funds, which strengthens the signal. However, the 45-day reporting lag means these positions may have been adjusted since quarter-end. Monitor Q4 2026 13F filings for continuation or reversal of this buying pattern.
Executive Summary
Five institutional asset managers increased their Newmont holdings in Q3 2026, adding a net $346.7M across their positions, with no institutional sellers in the cluster. The buying follows Newmont's Q3 earnings beat on October 22, where adjusted EPS of $2.20 exceeded consensus by 10% and the company lowered full-year AISC guidance to $1,520/oz.
Key Financial Metrics
Institutional Positions
Net institutional flow: $346.7M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Exchange Traded Concepts | ADD | +36.2% | $79.0M | $32.0M |
| Assenagon Asset Management | ADD | +76.7% | $225.2M | $122.0M |
| Ninety One Uk | DOUBLED | +134.8% | $282.9M | $185.4M |
| Abn Amro Investment Solutions | ADD | +36% | $11.3M | $4.6M |
| Hb Wealth Management | ADD | +40.1% | $6.6M | $2.8M |
Key Facts
- 5 institutional buyers added $346.7M net to Newmont positions in Q3 2026
- No institutional sellers in the cluster
- Ninety One UK nearly doubled its stake, adding $185.4M in value
- Assenagon Asset Management added $122.0M, a 76.7% increase in shares
- Q3 2026 adjusted EPS of $2.20 beat consensus by 10% on revenue of $6.363B
- Full-year AISC guidance lowered to $1,520/oz from $1,680/oz
- No open-market insider buying corroborates the institutional cluster
Financial Impact
5 institutions accumulated $604.9M in current holdings, with net buying of $346.7M; no selling activity
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- No insider buying to corroborate the institutional thesis
- Gold price volatility could alter the investment case independent of operational performance
Market Snapshot
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-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | Institutional Cluster | $113.92 $111.80 | ▼ −1.86% | ▼ −1.48% | No price |
Oct 22, 2026 7d ago | 8-K | $108.87 $110.39 | ▲ +1.40% | ▲ +0.69% | No price |
Oct 12, 2026 17d ago | Institutional Cluster | $117.15 $115.59 | ▼ −1.33% | ▼ −1.32% | No price |
Oct 2, 2026 27d ago | Insider Cluster | $115.82 $116.39 | ▼ −0.49% | ▲ +0.06% | No price |
Sep 3, 2026 8w ago | Insider Cluster | $128.09 $127.09 | ▼ −0.78% | ▼ −0.23% | No price |
Aug 7, 2026 11w ago | Insider Cluster | $117.02 $116.97 | ▼ −0.04% | ▲ +0.28% | No price |
Jun 15, 2026 19w ago | 8-K | $108.44 $105.67 | ▼ −2.55% | ▼ −1.31% | No price |
Jun 3, 2026 21w ago | Insider Cluster | $108.33 $99.72 | ▼ −7.95% | ▼ −5.35% | No price |
May 1, 2026 26w ago | Insider Cluster | $108.95 $115.06 | ▲ +5.61% | ▲ +4.22% | No price |
May 1, 2026 26w ago | Insider Cluster | $108.59 $108.32 | ▼ −0.25% | ▲ +0.09% | No price |
US Market Status
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