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MTAL

Metals Acquisition
MTAL

Delisted

MTAL was delisted on the 10th of October, 2025.

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137 hedge funds and large institutions have $626M invested in Metals Acquisition in 2025 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 51 increasing their positions, 40 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

267% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 9

34% more capital invested

Capital invested by funds: $466M → $626M (+$160M)

28% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 40

21% more funds holding

Funds holding: 113 → 137 (+24)

15.45% more ownership

Funds ownership: 46.72% → 62.17% (+15%)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

Holders
137
Holders Change
+24
Holders Change %
+21.24%
% of All Funds
1.8%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
33
Increased
51
Reduced
40
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Fidelity International
Fidelity International
Bermuda
+$68.3M
2
KC
Kryger Capital
United Kingdom
+$44.3M
3
OBAM
ODDO BHF Asset Management
France
+$31.5M
4
UBS Group
UBS Group
Switzerland
+$14.1M
5
Morgan Stanley
Morgan Stanley
New York
+$13.9M

Top Sellers

1
FSC
Fourth Sail Capital
Cayman Islands
-$58.3M
2
SCP
SailingStone Capital Partners
Texas
-$20.8M
3
SSA
Schonfeld Strategic Advisors
New York
-$3.96M
4
BlackRock
BlackRock
New York
-$3.55M
5
Geode Capital Management
Geode Capital Management
Massachusetts
-$1.65M
Name Holding Trade Value Shares
Change 		Change in
Stake
PMAM
26
Picton Mahoney Asset Management
Ontario, Canada
$3.76M +$3.73M +308,233 New
WAM
27
Wolverine Asset Management
Illinois
$3.12M +$3.04M +251,323 +5,845%
Citadel Advisors
28
Citadel Advisors
Florida
$2.68M +$764K +63,046 +40%
CG
29
Carmignac Gestion
France
$2.6M +$2.58M +212,545 New
Marshall Wace
30
Marshall Wace
United Kingdom
$2.52M +$1.68M +138,300 +203%
NYLIM
31
New York Life Investment Management
New York
$2.39M +$496K +40,904 +26%
GLF
32
Groupe la Francaise
France
$2.28M -$1.09M -90,000 -32%
MA
33
Mudita Advisors
United Kingdom
$2.24M – – –
Macquarie Group
34
Macquarie Group
Australia
$2.1M +$1.32M +109,212 +174%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$1.91M -$209K -17,261 -10%
Charles Schwab
36
Charles Schwab
California
$1.88M -$310K -25,612 -14%
BNP Paribas Financial Markets
37
BNP Paribas Financial Markets
France
$1.73M +$890K +73,467 +108%
JP Morgan Chase
38
JP Morgan Chase
New York
$1.64M +$505K +41,696 +45%
CIEC
39
Crédit Industriel et Commercial
France
$1.64M -$715K -59,000 -31%
N
40
Nuveen
North Carolina
$1.45M -$171K -14,080 -11%
Bank of America
41
Bank of America
North Carolina
$1.3M +$469K +38,700 +57%
WIC
42
Water Island Capital
New York
$1.26M +$443K +36,586 +55%
Two Sigma Investments
43
Two Sigma Investments
New York
$1.26M +$1.25M +102,787 New
PAS
44
Point72 Asia (Singapore)
Singapore
$1.25M +$913K +75,386 +277%
Arrowstreet Capital
45
Arrowstreet Capital
Massachusetts
$1.16M +$1.15M +94,667 New
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$1.12M -$10.5K -863 -0.9%
QT
47
Quantbot Technologies
New York
$1.1M +$693K +57,188 +172%
Barclays
48
Barclays
United Kingdom
$1.08M -$371K -30,661 -26%
DFCM
49
Dark Forest Capital Management
Puerto Rico
$1.04M +$1.03M +85,164 New
EI
50
Ethic Inc
New York
$1.03M -$911K -75,223 -47%
1
2
3 4 5

MTAL Hedge Fund Activity: Q3 2025 in Review

137 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Metals Acquisition (MTAL) for Q3 2025, worth a combined $626M — up 34% from $466M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new MTAL positions and 9 closed out — a net gain of 24 holders — while 51 added to existing stakes and 40 trimmed.

The largest buyer was Fidelity International, opening a new position worth an estimated $68.3M. The largest seller was Fourth Sail Capital, cutting an estimated $58.3M.

  • 137 institutional investors held Metals Acquisition (MTAL) as of Q3 2025, up from 113 in Q2 2025.
  • Funds reported $626M of Metals Acquisition stock for Q3 2025, up 34% quarter-over-quarter.
  • 33 funds opened new Metals Acquisition positions in Q3 2025 and 9 closed out, a net change of +24 holders.
  • The largest Metals Acquisition buyer in Q3 2025 was Fidelity International, an estimated $68.3M added.
  • The largest Metals Acquisition seller in Q3 2025 was Fourth Sail Capital, an estimated $58.3M sold.

Based on aggregated 13F filings for Q3 2025.