Gina Rinehart made some unusual moves as per her latest 13F filing, for this year's Q1.
For clarity, this relates to Hancock Prospecting's $3.3 billion US stock portfolio.
Exposure to natural resources (including oil and gas), 54% of the total, expanded mildly, while tech contracted.
But here's the unusual part:
They added $97M in 4 defense stocks. A hedge against tech volatility, while positioning in a sector with multi-year government contract visibility.
With geopolitical instability on the rise, unusual yet hardly surprising.
Her core conviction, thus, remains solid: bullish on metals like REEs and copper.
Top holdings are $QQQ $MP $TECK and remain unchanged from Q4.
buys
- Newmont* $NEM
- RTX Corporation* $RTX
- Northrop Grumman* $NOC
- L3Harris Technologies* $LHX
- Lockheed Martin* $LMT
- Hudbay Minerals $HBM
- Fox $FOX
sold
$SQM**
In hindsight, looks like exiting SQM wasn't the best idea. Q3-Q4 2025 saw lithium prices rebound; $SQM stock rallied to $64.60 (2-year high). However, regulatory and strategic risks may be behind this decision.
Copper exposure via Teck, Hudbay and Newmont as they offer it alongside gold across the Americas/Australia.
Finally, Hancock/Gina recently participated the IPO of Rare Earths Americas with nearly $23M, this will be included in their next filing.
*new
**closed position
