The Vanguard Group, Inc. Reports Notable Stake in BHP Group Limited

The Vanguard Group, Inc. has issued an opening position disclosure, declaring a 5.48% ownership within BHP Group Limited, as per the recent Form 8.3 filed according to the Takeover Code (the “Code”). The disclosure, dated 14 May 2024, reflects substantial holdings totaling 277,993,595 shares, identifying The Vanguard Group as a significant investor in the mining giant.

Adding complexity to the investment landscape, The Vanguard Group also mentioned another party in their disclosure, Anglo American plc, though specific details of this involvement remain undisclosed. This action indicates a broader strategic approach to investments within the mining sector by the investment manager. Additionally, the document noted transactions involving the purchase of BHP shares on the preceding day, summing up to 35,672 shares with individual prices listed at 43.10 AUD and 43.15 AUD.

No agreements, understandings, or arrangements related to the shares were declared, which is customary for such disclosures, maintaining a straightforward investment stance. This filing provides important insights into The Vanguard Group’s investment moves and its significant influence within the mining industry.