Hancock Prospecting PTY LTD
Hancock Prospecting Pty Ltd is an independent, privately owned Australian diversified company headquartered in Perth, Western Australia. Founded in 1955 by Lang Hancock, it has become one of the most successful private companies in Australia. Under the leadership of Executive Chairman Gina Rinehart, the firm has expanded its operations beyond iron ore mining to include coal, agricultural interests (beef and dairy), and mineral exploration. It is recognized for majority ownership in Roy Hill Holdings and for holding vast mineral rights in the Pilbara region. The company serves the global resources and commodities markets, with strong roots in Australia's mining and agricultural sectors. It employs hundreds (exact figure not publicly disclosed) and is a significant private sector employer in Australia.
Investment Strategy
Hancock Prospecting focuses on long-term investments in large-scale resource projects and agriculture. The firm's strategy centers on discovering, developing, and operating high-grade iron ore and mineral assets, particularly in Australia's Pilbara region. It emphasizes vertical integration, with investments covering mining, infrastructure (rail, port), and logistics necessary for export. Recent years have seen diversification into agriculture (cattle and dairy stations), coal, and select international mining assets. The firm's philosophy stresses persistence in exploration, technological innovation, and a commitment to bringing Australia's mineral and agricultural resources to global markets. It also invests opportunistically in international mining ventures, such as UK natural fertilizer companies, and rare earth and battery minerals.
Top Holdings
Equity Positions (36)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QQQ | INVESCO QQQ TR | 22.41% | $704.8M | 1,277,709 | $481.73 | $551.64 | +$105.7M |
M MP | MP MATERIALS CORP | 14.66% | $461.2M | 13,861,212 | $15.60 | $33.27 | +$122.8M |
V VOO | VANGUARD INDEX FDS | 14.42% | $453.6M | 798,474 | $521.38 | $568.03 | +$43.2M |
D DIA | SPDR DOW JONES INDL AVERAGE | 11.91% | $374.5M | 849,769 | $422.82 | $440.65 | +$17.6M |
T TECK | TECK RESOURCES LTD | 9.88% | $310.8M | 7,695,949 | $40.51 | $40.38 | +$75.3M |