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TMC The Metals Company
TMC

208 hedge funds and large institutions have $283M invested in TMC The Metals Company in 2026 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 70 increasing their positions, 42 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $39.9M | Put options by funds: $20.9M

67% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 42

45% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 31

6% more funds holding

Funds holding: 197 → 208 (+11)

2.99% more ownership

Funds ownership: 11.65% → 14.65% (+3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less capital invested

Capital invested by funds: $297M → $283M (-$14.6M)

Holders
208
Holders Change
+11
Holders Change %
+5.58%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
45
Increased
70
Reduced
42
Closed
31
Calls
$39.9M
Puts
$20.9M
Net Calls
+$19M
Net Calls Change
-$73M

Top Buyers

1
Jane Street
Jane Street
New York
+$24.6M
2
Citadel Advisors
Citadel Advisors
Florida
+$21.7M
3
Marshall Wace
Marshall Wace
United Kingdom
+$15.5M
4
Millennium Management
Millennium Management
New York
+$10M
5
Walleye Capital
Walleye Capital
New York
+$7.71M

Top Sellers

1
ECA
Encompass Capital Advisors
New York
-$18.5M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$18.2M
3
OWIM
Old West Investment Management
California
-$4.24M
4
Verition Fund Management
Verition Fund Management
Connecticut
-$3.29M
5
Morgan Stanley
Morgan Stanley
New York
-$2.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Manhattan
1
First Manhattan
New York
$71.5M – – –
Jane Street
2
Jane Street
New York
$32.5M +$24.6M +3,817,074 +121%
Citadel Advisors
3
Citadel Advisors
Florida
$16.9M +$21.7M +3,363,111 +1,280%
Millennium Management
4
Millennium Management
New York
$14.3M +$10M +1,559,254 +103%
Baird Financial Group
5
Baird Financial Group
Wisconsin
$11.5M -$758K -117,555 -5%
Marshall Wace
6
Marshall Wace
United Kingdom
$11.3M +$15.5M +2,401,776 +13,218%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$9.26M -$18.2M -2,817,449 -59%
Tudor Investment Corp
8
Tudor Investment Corp
Connecticut
$7.61M +$6M +931,578 +133%
UBS Group
9
UBS Group
Switzerland
$6.29M +$5.23M +811,216 +151%
BlackRock
10
BlackRock
New York
$5.79M +$251K +38,975 +3%
OWIM
11
Old West Investment Management
California
$5.62M -$4.24M -658,310 -35%
Walleye Capital
12
Walleye Capital
New York
$5.59M +$7.71M +1,196,793 New
HF
13
HRT Financial
New York
$4.69M +$5.41M +839,033 +508%
State Street
14
State Street
Massachusetts
$4.61M -$64 -10 -0%
Group One Trading
15
Group One Trading
Illinois
$4.39M +$4.27M +662,546 +238%
Goldman Sachs
16
Goldman Sachs
New York
$3.83M +$913K +141,637 +21%
Renaissance Technologies
17
Renaissance Technologies
New York
$3.41M +$4.7M +730,000 New
LCA
18
Legend Capital Advisors
New York
$3.01M +$3.69M +571,994 +778%
Mirae Asset Global ETFs Holdings
19
Mirae Asset Global ETFs Holdings
Hong Kong
$2.79M +$2.47M +382,985 +178%
VPM
20
Vanguard Portfolio Management
Pennsylvania
$2.75M +$3.8M +589,653 New
ACM
21
Aquatic Capital Management
Illinois
$2.67M +$3.69M +572,078 New
MCP
22
Mirador Capital Partners
California
$2.64M +$340K +52,754 +10%
Swiss National Bank
23
Swiss National Bank
Switzerland
$1.91M +$43.8K +6,800 +2%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$1.73M -$6.73K -1,044 -0.3%
Morgan Stanley
25
Morgan Stanley
New York
$1.67M -$2.51M -389,510 -52%
1
2 3 4 5

TMC Hedge Fund Activity: Q1 2026 in Review

208 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in TMC The Metals Company (TMC) for Q1 2026, worth a combined $283M — down 4.9% from $297M a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new TMC positions and 31 closed out — a net gain of 14 holders — while 70 added to existing stakes and 42 trimmed.

The largest buyer was Jane Street, adding an estimated $24.6M. The largest seller was Encompass Capital Advisors, exiting entirely with an estimated $18.5M sold.

  • 208 institutional investors held TMC The Metals Company (TMC) as of Q1 2026, up from 197 in Q4 2025.
  • Funds reported $283M of TMC The Metals Company stock for Q1 2026, down 4.9% quarter-over-quarter.
  • 45 funds opened new TMC The Metals Company positions in Q1 2026 and 31 closed out, a net change of +14 holders.
  • The largest TMC The Metals Company buyer in Q1 2026 was Jane Street, an estimated $24.6M added.
  • The largest TMC The Metals Company seller in Q1 2026 was Encompass Capital Advisors, an estimated $18.5M sold.

Based on aggregated 13F filings for Q1 2026.