Goldcorp Inc. (USA) (GG) And Teck Resources Ltd (USA) (TCK) Rising After Announcing Joint Venture In Chile

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What does the smart money think about Goldcorp Inc. (USA) (NYSE:GG) and Teck Resources Ltd (USA) (NYSE:TCK)?

First Eagle Investment Management was the largest shareholder of Goldcorp Inc. (USA) (NYSE:GG) at the end of the second quarter. The investment firm had 38.11 million shares of the mining company in its portfolio, with the position holding a market value of $617.30 million. Israel Englander’s Millennium Management came second with 5.09 million shares valued at $82.53 million. Citadel Investment Group and AQR Capital Management were other major shareholders, with 1.54 million shares and 1.46 million shares, respectively.

Among the hedge funds holding positions in Teck Resources Ltd (USA) (NYSE:TCK), Luminus Management, led by Jonathan Barrett and Paul Segal, topped the list, holding 4.75 million shares valued at $47.09 million. Balyasny Asset Management, led by Dmitry Balyasny, was its second-largest shareholder, having ownership of 2.44 million shares with a value of $24.14 million. D E Shaw and Bridgewater Associates were other primary investors of Teck Resources, possessing 755,300 shares and 262,400 shares, respectively.

Disclosure: None

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