The Vanguard Group Discloses Stake in BHP Group Limited

The Vanguard Group, Inc. has reported significant holdings in BHP Group Limited, according to its latest regulatory filing under the Takeover Code Rule 8.3. As of May 3, 2024, The Vanguard Group owns a total of 277,244,809 shares in BHP Group Limited, representing a 5.47% interest. This disclosure was necessitated by holdings surpassing the 1% threshold which mandates public disclosure under regulatory rules.

In addition to BHP Group Limited, the fund manager has made disclosures concerning Anglo American plc, indicating a broader strategy involving significant stakes in major mining companies. Such holdings underline Vanguard’s influence in the sector and potential interests in the ongoing corporate activities within these companies. Recent transactions include purchasing 13,182 shares of BHP at a price of 42.41 AUD per unit.