Triple Flag Precious Metals
TFPM
139 hedge funds and large institutions have $3.26B invested in Triple Flag Precious Metals in 2025 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 41 increasing their positions, 51 reducing their positions, and 13 closing their positions.
108% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 13
30% more capital invested
Capital invested by funds: $2.51B → $3.26B (+$743M)
11% more funds holding
Funds holding: 125 → 139 (+14)
1.69% more ownership
Funds ownership: 82.92% → 84.62% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
20% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 51
66% less call options, than puts
Call options by funds: $380K | Put options by funds: $1.13M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$49M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$13.7M |
| 3 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
+$13.5M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.88M |
| 5 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$4.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$25.9M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$7.86M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$5.8M |
| 4 |
VanEck Associates
New York
|
-$5.37M |
| 5 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$3.61M |
TFPM Hedge Fund Activity: Q1 2025 in Review
139 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Triple Flag Precious Metals (TFPM) for Q1 2025, worth a combined $3.26B — up 30% from $2.51B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new TFPM positions and 13 closed out — a net gain of 14 holders — while 41 added to existing stakes and 51 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $49M. The largest seller was British Columbia Investment Management, cutting an estimated $25.9M.
- 139 institutional investors held Triple Flag Precious Metals (TFPM) as of Q1 2025, up from 125 in Q4 2024.
- Funds reported $3.26B of Triple Flag Precious Metals stock for Q1 2025, up 30% quarter-over-quarter.
- 27 funds opened new Triple Flag Precious Metals positions in Q1 2025 and 13 closed out, a net change of +14 holders.
- The largest Triple Flag Precious Metals buyer in Q1 2025 was Fidelity Investments, an estimated $49M added.
- The largest Triple Flag Precious Metals seller in Q1 2025 was British Columbia Investment Management, an estimated $25.9M sold.
Based on aggregated 13F filings for Q1 2025.