Minneapolis Portfolio Management Group Q2 Activity: Major Buys, Significant Sells
MPMG made substantial purchases of Newmont Corp (NEM) and Autodesk Inc (ADSK), while significantly reducing positions in Corning Inc (GLW) and Zoetis Inc (ZTS).
Minneapolis Portfolio Management Group, LLC (MPMG) managed a substantial portfolio valued at approximately $1.05 billion as of June 30th, 2026.
This period saw notable shifts in the investor's holdings across various sectors. Significant buying activity was observed in Newmont Corp (NEM) and Autodesk Inc (ADSK), while substantial selling occurred for Corning Inc (GLW). Other changes included exits from other positions like Zoetis Inc (ZTS).
Major Purchases
The most significant buying activity during this quarter involved Newmont Corp (NEM). The number of shares held increased by a substantial 93.24%, indicating strong confidence in the mining and metals producer.
Concurrently, Autodesk Inc (ADSK) was added to the portfolio with no prior position reported. The new stake comprises 2.6% of MPMG's holdings and represents a fresh investment opportunity identified by the firm.
Significant Sales
The largest reduction in shares occurred for Corning Inc (GLW). The technology-focused holdings saw a sharp decline of 55.95% in the number of shares, resulting in its position shrinking to just 5.49% allocation.
Another major sale involved Zoetis Inc (ZTS), a veterinary healthcare company. The number of shares decreased by 53.96%, suggesting the firm's decision to exit this position entirely.
Other Notable Changes
Several other holdings experienced changes, though not as drastic as NEM or GLW:
- Coherent Corp (COHR), a technology company specializing in laser systems, saw its position reduced by -35.74%.
- Cisco Systems Inc (CSCO) experienced a moderate reduction of -2.62%.
Additionally, MPMG sold shares in other companies like Zoetis Inc (ZTS), which saw a significant decrease of -53.96%.