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Triple Flag Precious Metals
TFPM

92 hedge funds and large institutions have $2.17B invested in Triple Flag Precious Metals in 2023 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

22% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 27

3% more funds holding

Funds holding: 89 → 92 (+3)

0.5% more ownership

Funds ownership: 81.47% → 81.97% (+0.5%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

5% less capital invested

Capital invested by funds: $2.28B → $2.17B (-$108M)

Holders
92
Holders Change
+3
Holders Change %
+3.37%
% of All Funds
1.46%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
16
Increased
33
Reduced
27
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BGC
Beutel, Goodman & Co
Ontario, Canada
+$22.9M
2
MBI
Montrusco Bolton Investments
Quebec, Canada
+$7.35M
3
BCIM
British Columbia Investment Management
British Columbia, Canada
+$1.83M
4
Invesco
Invesco
Georgia
+$1.76M
5
SI
Sprott Inc
Ontario, Canada
+$1.52M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$14.5M
2
EIM
Elliott Investment Management
Florida
-$10.3M
3
HIM
Hillsdale Investment Management
Ontario, Canada
-$2.96M
4
LAM
LifePro Asset Management
California
-$2.72M
5
TPM
Triasima Portfolio Management
Quebec, Canada
-$2.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
Dimensional Fund Advisors
26
Dimensional Fund Advisors
Texas
$2.55M +$1.12M +83,264 +74%
KPF
27
K2 Principal Fund
Ontario, Canada
$2.42M – – –
Manulife (Manufacturers Life Insurance)
28
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.74M -$281K -20,992 -14%
Barclays
29
Barclays
United Kingdom
$1.61M +$12.2K +907 +0.7%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$1.6M +$740K +55,206 +82%
VI
31
Vestcor Inc
New Brunswick, Canada
$1.45M – – –
Swiss National Bank
32
Swiss National Bank
Switzerland
$1.45M – – –
Connor, Clark & Lunn Investment Management (CC&L)
33
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.3M -$33.5K -2,500 -2%
Amundi
34
Amundi
France
$1.27M +$1.29M +96,068 New
Renaissance Technologies
35
Renaissance Technologies
New York
$1.24M -$712K -53,100 -36%
GRA
36
Goehring & Rozencwajg Associates
New York
$1.09M +$32.4K +2,420 +3%
QC
37
Quadrature Capital
United Kingdom
$1.06M -$1.05M -78,300 -49%
TPM
38
Triasima Portfolio Management
Quebec, Canada
$1.05M -$2.14M -159,443 -67%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$1.04M +$1.05M +78,465 New
MIM
40
Merrion Investment Management
New Jersey
$983K +$724K +54,000 +255%
USGIU
41
U.S. Global Investors (USGI)
Texas
$983K – – –
Mackenzie Financial
42
Mackenzie Financial
Ontario, Canada
$962K +$26.3K +1,961 +3%
CS
43
Credit Suisse
Switzerland
$914K -$36K -2,682 -5%
Stifel Financial
44
Stifel Financial
Missouri
$833K -$221K -16,470 -21%
PCM
45
Prelude Capital Management
New York
$807K +$828K +61,758 New
Two Sigma Investments
46
Two Sigma Investments
New York
$760K +$3.34K +249 +0.4%
AM
47
AGF Management
Ontario, Canada
$617K – – –
Legal & General Group
48
Legal & General Group
United Kingdom
$609K +$166K +12,419 +37%
Vanguard Group
49
Vanguard Group
Pennsylvania
$575K +$75.6K +5,639 +15%
Citigroup
50
Citigroup
New York
$549K +$560K +41,760 New
1
2
3 4 5

TFPM Hedge Fund Activity: Q3 2023 in Review

92 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Triple Flag Precious Metals (TFPM) for Q3 2023, worth a combined $2.17B — down 4.8% from $2.28B a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new TFPM positions and 13 closed out — a net gain of 3 holders — while 33 added to existing stakes and 27 trimmed.

The largest buyer was Beutel, Goodman & Co, opening a new position worth an estimated $22.9M. The largest seller was Fidelity Investments, cutting an estimated $14.5M.

  • 92 institutional investors held Triple Flag Precious Metals (TFPM) as of Q3 2023, up from 89 in Q2 2023.
  • Funds reported $2.17B of Triple Flag Precious Metals stock for Q3 2023, down 4.8% quarter-over-quarter.
  • 16 funds opened new Triple Flag Precious Metals positions in Q3 2023 and 13 closed out, a net change of +3 holders.
  • The largest Triple Flag Precious Metals buyer in Q3 2023 was Beutel, Goodman & Co, an estimated $22.9M added.
  • The largest Triple Flag Precious Metals seller in Q3 2023 was Fidelity Investments, an estimated $14.5M sold.

Based on aggregated 13F filings for Q3 2023.