Van Eck Discloses 6.32% Stake in Buenaventura (BVN)
Rhea-AI Filing Summary
Van Eck Associates Corporation filed Amendment No. 5 on a Schedule 13G reporting ownership in Buenaventura Mining Co Inc (Common Shares, CUSIP 204448104). The filer beneficially owns 16,060,243 shares, representing 6.32% of the outstanding class. Van Eck reports sole voting power over 15,987,758 shares and sole dispositive power over 16,060,243 shares.
The filing includes the issuer principal office address in Lima, Peru, and a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The statement shows no shared voting or dispositive powers, no group affiliation, and indicates the reported position as of 06/30/2025.
Positive
- Beneficial ownership disclosed: 16,060,243 shares representing 6.32% of the class, which meets the >5% material disclosure threshold.
- Sole voting and dispositive powers reported: Sole voting power over 15,987,758 shares and sole dispositive power over 16,060,243 shares, providing clarity on control of the holdings.
- Certification of passive intent: Filer certifies securities were acquired in the ordinary course and not to change or influence issuer control.
Negative
- None.
Insights
TL;DR: Van Eck holds a material, passive 6.32% stake (16.06M shares) with near-total sole voting and dispositive power.
Van Eck's reported 16,060,243 shares (6.32%) cross the >5% disclosure threshold and therefore is a material, public ownership disclosure. The filing records sole voting power for 15,987,758 shares and sole dispositive power for the full 16,060,243 shares, indicating centralized control of voting and disposition within the reporting entity. The included certification states the position is held in the ordinary course and not to influence issuer control. For portfolio allocation analysis, this is a sizable passive stake but the filing itself contains no indication of active engagement or intent to change control.
TL;DR: Amendment confirms passive intent and no group affiliations; disclosures are complete for voting/dispositive powers reported.
The Schedule 13G/A lists no shared voting or dispositive power and explicitly marks items such as group membership and subsidiary acquisition as "Not Applicable." Item 10 includes a certification that the securities were not acquired to influence control, consistent with a passive investor filing under Schedule 13G. The filing provides issuer address and specific power counts, aiding transparency for regulatory and compliance review. No material adverse compliance items, litigation notes, or other qualifiers appear in the provided text.