TMC The Metals Company
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.
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%)
Top Buyers
| 1 |
SG
Sourcerock Group
Denver,
Colorado
|
+$15.2M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$12M |
| 3 |
Morgan Stanley
New York
|
+$7.79M |
| 4 |
OWIM
Old West Investment Management
Los Angeles,
California
|
+$3.97M |
| 5 |
Group One Trading
Chicago,
Illinois
|
+$3.15M |
Top Sellers
| 1 |
Millennium Management
New York
|
-$20.4M |
| 2 |
JF
Jump Financial
Chicago,
Illinois
|
-$6.22M |
| 3 |
Voloridge Investment Management
Jupiter,
Florida
|
-$5.13M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$3.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BEAM
201
Baker Ellis Asset Management
Vancouver,
Washington
| – | -$66K | -10,000 | Closed |
|
|
NFA
202
Northwest Financial Advisors
Herndon,
Virginia
| – | -$66K | -10,000 | Closed |
|
|
WAM
203
Wolverine Asset Management
Chicago,
Illinois
| – | -$32.6K | -4,945 | Closed |
|
|
WC
204
Wexford Capital
West Palm Beach,
Florida
| – | -$30.3K | -4,596 | Closed |
|
|
GWM
205
Geneos Wealth Management
Englewood,
Colorado
| – | -$16.8K | -2,544 | Closed |
|
|
PA
206
Pineridge Advisors
St. Charles,
Missouri
| – | -$3.3K | -500 | Closed |
|
207
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$15 | -3 | Closed |
|
|
ME
208
McIlrath & Eck
Arlington,
Washington
| – | -$7 | -1 | Closed |
|
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.