Triple Flag Precious Metals
TFPM
208 hedge funds and large institutions have $5.15B invested in Triple Flag Precious Metals in 2025 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 74 increasing their positions, 53 reducing their positions, and 12 closing their positions.
367% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 12
92% more capital inflows, than outflows
Capital inflows: $210M | Capital outflows: $110M
40% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 53
27% more funds holding
Funds holding: 164 → 208 (+44)
0.53% less ownership
Funds ownership: 85.66% → 85.13% (-0.53%)
11% less call options, than puts
Call options by funds: $6.98M | Put options by funds: $7.82M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tidal Investments
Milwaukee,
Wisconsin
|
+$23.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.6M |
| 3 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$19.5M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$13.7M |
| 5 |
Euro Pacific Asset Management
Dorado,
Puerto Rico
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Whitebox Advisors
Minneapolis,
Minnesota
|
-$15.8M |
| 2 |
Morgan Stanley
New York
|
-$9.17M |
| 3 |
Millennium Management
New York
|
-$7.81M |
| 4 |
Neuberger Berman Group
New York
|
-$7.42M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$4M |
TFPM Hedge Fund Activity: Q3 2025 in Review
208 of the 7,650 institutional investors tracked by Wall St. Rank reported a position in Triple Flag Precious Metals (TFPM) for Q3 2025, worth a combined $5.15B — up 26% from $4.08B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new TFPM positions and 12 closed out — a net gain of 44 holders — while 74 added to existing stakes and 53 trimmed.
The largest buyer was Tidal Investments, adding an estimated $23.1M. The largest seller was Whitebox Advisors, cutting an estimated $15.8M.
- 208 institutional investors held Triple Flag Precious Metals (TFPM) as of Q3 2025, up from 164 in Q2 2025.
- Funds reported $5.15B of Triple Flag Precious Metals stock for Q3 2025, up 26% quarter-over-quarter.
- 56 funds opened new Triple Flag Precious Metals positions in Q3 2025 and 12 closed out, a net change of +44 holders.
- The largest Triple Flag Precious Metals buyer in Q3 2025 was Tidal Investments, an estimated $23.1M added.
- The largest Triple Flag Precious Metals seller in Q3 2025 was Whitebox Advisors, an estimated $15.8M sold.
Based on aggregated 13F filings for Q3 2025.