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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$49.4M |
| 2 |
CBUSF
Construction & Building Unions Superannuation Fund
Melbourne,
Australia
|
+$33.8M |
| 3 |
SCP
SailingStone Capital Partners
Houston,
Texas
|
+$21.4M |
| 4 |
PIM
Platinum Investment Management
Sydney Australia 2000,
Australia
|
+$20.8M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$25.4M |
| 2 |
ACM
Atalaya Capital Management
New York
|
-$21.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$19.8M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$16M |
| 5 |
AMH
Apollo Management Holdings
New York
|
-$15.2M |
MTAL Hedge Fund Activity: Q2 2023 in Review
20 of the 6,383 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.