Triple Flag Precious Metals
TFPM
164 hedge funds and large institutions have $4.08B invested in Triple Flag Precious Metals in 2025 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 12 closing their positions.
217% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 12
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
52% more capital inflows, than outflows
Capital inflows: $141M | Capital outflows: $92.8M
18% more funds holding
Funds holding: 139 → 164 (+25)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$24.1M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$18.5M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
+$12.2M |
| 4 |
Morgan Stanley
New York
|
+$9.7M |
| 5 |
JP Morgan Chase
New York
|
+$5.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Beutel, Goodman & Co
Toronto,
Ontario, Canada
|
-$11.6M |
| 2 |
Tidal Investments
Milwaukee,
Wisconsin
|
-$11M |
| 3 |
SCS Capital Management
Boston,
Massachusetts
|
-$10.1M |
| 4 |
VanEck Associates
New York
|
-$9.9M |
| 5 |
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
-$8.78M |
TFPM Hedge Fund Activity: Q2 2025 in Review
164 of the 7,621 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: 38 funds opened new TFPM positions and 12 closed out — a net gain of 26 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.
- 164 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.
- 38 funds opened new Triple Flag Precious Metals positions in Q2 2025 and 12 closed out, a net change of +26 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.