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Triple Flag Precious Metals
TFPM

163 hedge funds and large institutions have $4.08B invested in Triple Flag Precious Metals in 2025 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

208% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 12

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

25% more capital invested

Capital invested by funds: $3.26B → $4.08B (+$821M)

17% more funds holding

Funds holding: 139 → 163 (+24)

1.05% more ownership

Funds ownership: 84.62% → 85.66% (+1%)

6% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 49

55% less call options, than puts

Call options by funds: $2.36M | Put options by funds: $5.24M

Holders
163
Holders Change
+24
Holders Change %
+17.27%
% of All Funds
2.15%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.04%
New
37
Increased
52
Reduced
49
Closed
12
Calls
$2.36M
Puts
$5.24M
Net Calls
-$2.87M
Net Calls Change
-$2.13M

Top Buyers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
+$24.1M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$18.5M
3
N
Nuveen
North Carolina
+$12.2M
4
Morgan Stanley
Morgan Stanley
New York
+$9.74M
5
JP Morgan Chase
JP Morgan Chase
New York
+$5.79M

Top Sellers

Rank Fund Capital Flow
1
BGC
Beutel, Goodman & Co
Ontario, Canada
-$11.6M
2
TI
Tidal Investments
Wisconsin
-$11M
3
SCM
SCS Capital Management
Massachusetts
-$10.1M
4
VanEck Associates
VanEck Associates
New York
-$9.86M
5
MBI
Montrusco Bolton Investments
Quebec, Canada
-$8.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
AF
151
Allworth Financial
California
$4.26K – – –
SPIA
152
Steward Partners Investment Advisory
New York
$4.05K +$2.19K +100 +141%
TWC
153
TD Waterhouse Canada
Ontario, Canada
$3.99K -$1.49K -68 -29%
NA
154
NewEdge Advisors
Louisiana
$2.96K – – –
OP
155
ORG Partners
Indiana
$2.93K +$2.72K +124 New
HIA
156
Harbor Investment Advisory
Maryland
$2.84K – – –
SIS
157
Sound Income Strategies
Florida
$2.84K +$2.63K +120 New
AAP
158
Arax Advisory Partners
Colorado
$1.69K +$1.58K +72 New
PFBT
159
Parkside Financial Bank & Trust
Missouri
$1.19K +$1.1K +50 New
SC
160
Swan Capital
Florida
$1.19K +$1.1K +50 New
SWIM
161
Smallwood Wealth Investment Management
New Jersey
$687 – – –
BIG
162
Brooklyn Investment Group
New York
$474 +$438 +20 New
IRC
163
Investors Research Corp
Georgia
$237 +$219 +10 New
SS
164
Sunbelt Securities
Texas
$6 – – –
MBI
165
Montrusco Bolton Investments
Quebec, Canada
– -$8.78M -458,770 Closed
DLP
166
De Lisle Partners
United Kingdom
– -$2.28M -119,020 Closed
Commonwealth Equity Services
167
Commonwealth Equity Services
Massachusetts
– -$1.75M -91,566 Closed
WCA
168
Waratah Capital Advisors
Ontario, Canada
– -$838K -43,773 Closed
TC
169
TownSquare Capital
Utah
– -$473K -24,721 Closed
JF
170
Jump Financial
Illinois
– -$435K -22,719 Closed
Verition Fund Management
171
Verition Fund Management
Connecticut
– -$334K -17,426 Closed
PFCS
172
Pale Fire Capital SE
Czech Republic
– -$278K -14,520 Closed
CC
173
Centiva Capital
New York
– -$259K -13,546 Closed
Point72 Asset Management
174
Point72 Asset Management
Connecticut
– -$203K -10,600 Closed
SW
175
SVB Wealth
Massachusetts
– -$34.5K -1,800 Closed
4 5 6
7
8

TFPM Hedge Fund Activity: Q2 2025 in Review

163 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Triple Flag Precious Metals (TFPM) for Q2 2025, worth a combined $4.08B — up 25% from $3.26B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new TFPM positions and 12 closed out — a net gain of 25 holders — while 52 added to existing stakes and 49 trimmed.

The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $24.1M. The largest seller was Beutel, Goodman & Co, cutting an estimated $11.6M.

  • 163 institutional investors held Triple Flag Precious Metals (TFPM) as of Q2 2025, up from 139 in Q1 2025.
  • Funds reported $4.08B of Triple Flag Precious Metals stock for Q2 2025, up 25% quarter-over-quarter.
  • 37 funds opened new Triple Flag Precious Metals positions in Q2 2025 and 12 closed out, a net change of +25 holders.
  • The largest Triple Flag Precious Metals buyer in Q2 2025 was Neuberger Berman Group, an estimated $24.1M added.
  • The largest Triple Flag Precious Metals seller in Q2 2025 was Beutel, Goodman & Co, an estimated $11.6M sold.

Based on aggregated 13F filings for Q2 2025.