Hancock Prospecting Adds Defense and Gold to US Portfolio
Hancock Prospecting added defense firms and gold to its 3.3 billion dollar U.S. portfolio. It bought Lockheed and RTX while exiting lithium producer SQM.
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Hancock Prospecting shifted $133 million into defense and gold holdings within its $3.3 billion United States portfolio during March. The move by the firm owned by Gina Rinehart, Australia's wealthiest person, marks a diversification toward security and precious metals. Hancock added five major defense contractors and a leading gold producer to its holdings.
