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LOS ANGELES - The Capital Group Companies, Inc., a global investment management firm based in Los Angeles, has decreased its holdings in Glencore (OTC:GLNCY) PLC, the multinational commodity trading and mining company. The notification, dated May 22, 2025, indicated that the threshold was crossed on May 21, 2025, with Capital Group’s voting rights in Glencore dropping to 4.91%.
Previously, Capital Group held a 5.19% stake in Glencore, which is listed on the London Stock Exchange (LON:LSEG) under the ticker GLEN.L and has an ISIN of JE00B4T3BW64. The recent transaction brings their total number of voting rights to 588,613,726.
The Capital Group Companies, Inc. is the parent company of several investment management firms, including Capital Research and Management Company (CRMC) and Capital Bank & Trust Company (CB&T). Shares in Glencore are not directly owned by Capital Group itself but are held by accounts under the discretionary investment management of its subsidiaries, which manage assets for a range of clients including the American Funds family of mutual funds.
This adjustment in shareholding may interest investors as it reflects a change in one of the major holdings in Glencore PLC. The company, with a diverse portfolio including metals, minerals, energy products, and agricultural goods, has a significant presence in the global commodities market.
The notification was completed in Los Angeles on May 22, 2025, and is based on a press release statement. This marks a notable change in the investment landscape for Glencore, as major institutional investors adjust their positions in the company.
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