Waverly Advisors 13F: Cuts BHP Stake by $174K
An institutional filing shows Waverly Advisors reduced its holdings in mining giant BHP Group Limited by 1.1% during the reporting period.
Reviewed by automated data checks against the source filing. How we make and check alerts
Waverly Advisors sold 2,087 shares from its stake in BHP Group Limited ($BHP), a 1.11% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 185,288 shares worth $15.44 million at the end of the quarter.
Since the filing, $BHP is up 0.2% after 1 week, up 9.2% after 1 month and up 0.8% to date (from the $82.60 close on May 15, 2026).
Find the original: Waverly Advisors 13F filings on SEC EDGAR
BHP
BHP Group Limited
Key Points
- Waverly Advisors trimmed its holdings in BHP Group Limited by 2,087 shares, marking a 1.1% reduction to end with 185,288 shares.
- The investment firm's ending stake in the mining company carried a reported value of about $15.4 million based on the filing details.
- BofA Securities recently updated its stance on the stock, maintaining a Neutral rating with a $91.00 price target.
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Waverly Advisors Cuts BHP Holdings
Waverly Advisors reduced its exposure to BHP Group Limited NYSE:BHP during the period, trimming its position by 2,087 shares. The 1.1% reduction brought the firm's total holdings down to 185,288 shares. According to the latest Form 13F filing with the Securities and Exchange Commission, that remaining stake carried a value of approximately $15.4 million.
BHP Stock Performance and Valuation
Shares of BHP traded near $83.31 recently, sitting comfortably between its 52-week low of $52.18 and its high of $98.71. The stock trades above its 200-day moving average of $80.48 while tracking just below its 50-day average of $88.76. The company carries a trailing price-to-earnings ratio of 21.5.
Analysts Set New Price Targets
Analyst coverage includes a recent update from major firms tracking the basic materials sector. On June 22, 2026, BofA Securities maintained its Neutral rating on the stock while adjusting its price target to $91.00 from $93.00. Overall consensus leans toward a hold recommendation among analysts following the mining company.
Global Mining Operations
Headquartered in Melbourne, Australia, BHP Group Limited operates as a major resources company with core operations spanning copper, iron ore, and coal. The company explores for and processes various industrial metals and minerals, serving markets across Asia, the Americas, and Europe. This institutional adjustment reflects normal portfolio management by Waverly Advisors rather than any shift in the miner's operational footprint.
What to Watch at BHP Group Limited
Investors tracking Waverly Advisors will need to review subsequent quarterly filings to see whether the firm continues to pare back its basic materials exposure or holds steady. This filing reflects portfolio positions as of May 15, 2026, and may not represent current holdings. The company's next earnings report is anticipated around February 15, 2027.
Related Filing Alerts
Source: Waverly Advisors's 13F filing on $BHP (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Waverly Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts