TMC The Metals Company
163 hedge funds and large institutions have $297M invested in TMC The Metals Company in 2025 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 36 increasing their positions, 23 reducing their positions, and 14 closing their positions.
429% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 14
385% more capital invested
Capital invested by funds: $61.2M → $297M (+$236M)
58% more funds holding
Funds holding: 103 → 163 (+60)
57% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 23
2.21% more ownership
Funds ownership: 10.22% → 12.44% (+2.2%)
16% less call options, than puts
Call options by funds: $46.3M | Put options by funds: $55.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$17.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.07M |
| 3 |
Voloridge Investment Management
Jupiter,
Florida
|
+$3.89M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
+$3.61M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OWIM
Old West Investment Management
Los Angeles,
California
|
-$11.3M |
| 2 |
First Manhattan
New York
|
-$10.3M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.23M |
| 4 |
Group One Trading
Chicago,
Illinois
|
-$1.58M |
| 5 |
Renaissance Technologies
New York
|
-$1.57M |
TMC Hedge Fund Activity: Q2 2025 in Review
163 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in TMC The Metals Company (TMC) for Q2 2025, worth a combined $297M — up 385% from $61.2M a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new TMC positions and 14 closed out — a net gain of 60 holders — while 36 added to existing stakes and 23 trimmed.
The largest buyer was Millennium Management, adding an estimated $17.1M. The largest seller was Old West Investment Management, cutting an estimated $11.3M.
- 163 institutional investors held TMC The Metals Company (TMC) as of Q2 2025, up from 103 in Q1 2025.
- Funds reported $297M of TMC The Metals Company stock for Q2 2025, up 385% quarter-over-quarter.
- 74 funds opened new TMC The Metals Company positions in Q2 2025 and 14 closed out, a net change of +60 holders.
- The largest TMC The Metals Company buyer in Q2 2025 was Millennium Management, an estimated $17.1M added.
- The largest TMC The Metals Company seller in Q2 2025 was Old West Investment Management, an estimated $11.3M sold.
Based on aggregated 13F filings for Q2 2025.