Metals Acquisition
MTAL
MTAL was delisted on the 10th of October, 2025.
20 hedge funds and large institutions have $160M invested in Metals Acquisition in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 1 increasing their positions, 8 reducing their positions, and 43 closing their positions.
40% less capital invested
Capital invested by funds: $268M → $160M (-$108M)
62% less funds holding
Funds holding: 52 → 20 (-32)
66.18% less ownership
Funds ownership: 98.65% → 32.47% (-66%)
74% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 43
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
88% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 8
Top Buyers
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1.03M | -100,487 | Closed |
|
|
BI
52
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$966K | -94,531 | Closed |
|
53
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| – | -$966K | -94,500 | Closed |
|
|
FIA
54
FNY Investment Advisers
New York
| – | -$667K | -65,300 | Closed |
|
|
KL
55
KIM LLC
Wichita,
Kansas
| – | -$511K | -50,000 | Closed |
|
|
WA
56
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$511K | -50,000 | Closed |
|
|
E
57
Ergoteles
New York
| – | -$375K | -36,660 | Closed |
|
|
AC
58
Athos Capital
Hong Kong
| – | -$254K | -24,900 | Closed |
|
59
Marshall Wace
London,
United Kingdom
| – | -$167K | -16,323 | Closed |
|
|
CAC
60
Cowen and Company
New York
| – | -$142K | -13,877 | Closed |
|
|
CS
61
Clear Street
New York
| – | -$26.8K | -2,621 | Closed |
|
|
LCM
62
Lynwood Capital Management
Toronto,
Ontario, Canada
| – | -$784K | -2,600 | Closed |
|
|
TCM
63
Tuttle Capital Management
Riverside,
Connecticut
| – | +$412K | +40,204 | New |
|
MTAL Hedge Fund Activity: Q2 2023 in Review
20 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Metals Acquisition (MTAL) for Q2 2023, worth a combined $160M — down 40% from $268M a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of MTAL and 11 opened new positions — a net loss of 32 holders — while 8 trimmed existing stakes and 1 added.
The largest buyer was BlackRock, opening a new position worth an estimated $49.4M. The largest seller was Farallon Capital Management, exiting entirely with an estimated $25.4M sold.
- 20 institutional investors held Metals Acquisition (MTAL) as of Q2 2023, down from 52 in Q1 2023.
- Funds reported $160M of Metals Acquisition stock for Q2 2023, down 40% quarter-over-quarter.
- 11 funds opened new Metals Acquisition positions in Q2 2023 and 43 closed out, a net change of -32 holders.
- The largest Metals Acquisition buyer in Q2 2023 was BlackRock, an estimated $49.4M added.
- The largest Metals Acquisition seller in Q2 2023 was Farallon Capital Management, an estimated $25.4M sold.
Based on aggregated 13F filings for Q2 2023.