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TMC The Metals Company
TMC

174 hedge funds and large institutions have $299M invested in TMC The Metals Company in 2025 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 50 increasing their positions, 37 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more call options, than puts

Call options by funds: $53.2M | Put options by funds: $36.3M

35% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 34

35% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 37

7% more funds holding

Funds holding: 163 → 174 (+11)

1% more capital invested

Capital invested by funds: $297M → $299M (+$2.48M)

0.88% less ownership

Funds ownership: 12.44% → 11.56% (-0.88%)

Holders
174
Holders Change
+11
Holders Change %
+6.75%
% of All Funds
2.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
46
Increased
50
Reduced
37
Closed
34
Calls
$53.2M
Puts
$36.3M
Net Calls
+$16.9M
Net Calls Change
+$25.9M

Top Buyers

1
SG
Sourcerock Group
Colorado
+$15.2M
2
DCM
Driehaus Capital Management
Illinois
+$12M
3
Morgan Stanley
Morgan Stanley
New York
+$7.79M
4
OWIM
Old West Investment Management
California
+$3.97M
5
Group One Trading
Group One Trading
Illinois
+$3.15M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$20.4M
2
JF
Jump Financial
Illinois
-$6.22M
3
Voloridge Investment Management
Voloridge Investment Management
Florida
-$5.13M
4
UBS AM
UBS AM
Illinois
-$3.6M
5
Citadel Advisors
Citadel Advisors
Florida
-$2.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
NHT
26
New Hampshire Trust
New Hampshire
$1.46M -$339K -56,537 -20%
Goldman Sachs
27
Goldman Sachs
New York
$1.29M +$823K +137,236 +208%
QT
28
Quantbot Technologies
New York
$1.25M +$1.13M +188,755 +2,616%
Legal & General Group
29
Legal & General Group
United Kingdom
$1.24M -$97.3K -16,217 -8%
ACM
30
AUA Capital Management
Pennsylvania
$1.22M – – –
California State Teachers Retirement System (CalSTRS)
31
California State Teachers Retirement System (CalSTRS)
California
$1.22M -$173K -28,874 -13%
Rockefeller Capital Management
32
Rockefeller Capital Management
New York
$1.13M +$157K +26,203 +17%
Northern Trust
33
Northern Trust
Illinois
$1.07M +$538K +89,637 +115%
Bank of America
34
Bank of America
North Carolina
$1.05M -$1.46M -243,868 -60%
Voloridge Investment Management
35
Voloridge Investment Management
Florida
$1.01M -$5.13M -855,866 -84%
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$838K +$789K +131,542 New
IAA
37
Independent Advisor Alliance
North Carolina
$830K +$106K +17,600 +16%
EW
38
Evoke Wealth
California
$822K – – –
IMC Chicago
39
IMC Chicago
Illinois
$820K -$42K -6,999 -5%
Mirae Asset Global ETFs Holdings
40
Mirae Asset Global ETFs Holdings
Hong Kong
$758K +$176K +29,264 +33%
Wealth Enhancement Advisory Services
41
Wealth Enhancement Advisory Services
Minnesota
$672K +$151K +25,252 +54%
ASN
42
Advisory Services Network
Georgia
$657K – – –
GCP
43
GSA Capital Partners
United Kingdom
$628K -$474K -79,086 -45%
Janus Henderson Group
44
Janus Henderson Group
United Kingdom
$625K – – –
LPL Financial
45
LPL Financial
California
$600K -$9K -1,501 -2%
BFM
46
Boothbay Fund Management
New York
$593K +$558K +93,031 New
CCS
47
Concentric Capital Strategies
Connecticut
$585K +$551K +91,842 New
BCM
48
Becker Capital Management
Oregon
$561K – – –
Cetera Investment Advisers
49
Cetera Investment Advisers
Illinois
$462K +$282K +46,984 +184%
Raymond James Financial
50
Raymond James Financial
Florida
$424K +$98.7K +16,462 +33%
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TMC Hedge Fund Activity: Q3 2025 in Review

174 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in TMC The Metals Company (TMC) for Q3 2025, worth a combined $299M — up 0.83% from $297M a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new TMC positions and 34 closed out — a net gain of 12 holders — while 50 added to existing stakes and 37 trimmed.

The largest buyer was Sourcerock Group, opening a new position worth an estimated $15.2M. The largest seller was Millennium Management, cutting an estimated $20.4M.

  • 174 institutional investors held TMC The Metals Company (TMC) as of Q3 2025, up from 163 in Q2 2025.
  • Funds reported $299M of TMC The Metals Company stock for Q3 2025, up 0.83% quarter-over-quarter.
  • 46 funds opened new TMC The Metals Company positions in Q3 2025 and 34 closed out, a net change of +12 holders.
  • The largest TMC The Metals Company buyer in Q3 2025 was Sourcerock Group, an estimated $15.2M added.
  • The largest TMC The Metals Company seller in Q3 2025 was Millennium Management, an estimated $20.4M sold.

Based on aggregated 13F filings for Q3 2025.