Investor Giants Reverse Course on BUMI Stocks
Giant investors from BlackRock to UBS AG have recently offloaded BUMI stocks.
(Bisnis.Com) 01/01/70 07:00 40643
Bisnis.com, JAKARTA — BlackRock Inc. has quietly reversed its stance on PT Bumi Resources Tbk. (BUMI), steadily trimming its position over the past three months.
Bloomberg data as of Monday (11/17/2025) shows a consistent month-on-month drop in BlackRock’s holdings from September through November. This is a contrast to the accumulation phase seen between June and August 2025, when the asset-management giant was building exposure to Indonesia’s largest coal producer.
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