TMC The Metals Company
213 hedge funds and large institutions have $284M invested in TMC The Metals Company in 2026 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 73 increasing their positions, 42 reducing their positions, and 32 closing their positions.
143% more capital inflows, than outflows
Capital inflows: $146M | Capital outflows: $59.9M
90% more call options, than puts
Call options by funds: $39.9M | Put options by funds: $21M
74% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 42
47% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 32
6% more funds holding
Funds holding: 201 → 213 (+12)
2.99% more ownership
Funds ownership: 11.71% → 14.7% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$24.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$21.7M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$15.5M |
| 4 |
Millennium Management
New York
|
+$10M |
| 5 |
Walleye Capital
New York
|
+$7.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Encompass Capital Advisors
New York
|
-$18.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$18.2M |
| 3 |
Old West Investment Management
Los Angeles,
California
|
-$4.24M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$3.29M |
| 5 |
Morgan Stanley
New York
|
-$2.51M |
TMC Hedge Fund Activity: Q1 2026 in Review
213 of the 8,232 institutional investors tracked by Wall St. Rank reported a position in TMC The Metals Company (TMC) for Q1 2026, worth a combined $284M — down 5% from $299M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new TMC positions and 32 closed out — a net gain of 15 holders — while 73 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.
- 213 institutional investors held TMC The Metals Company (TMC) as of Q1 2026, up from 201 in Q4 2025.
- Funds reported $284M of TMC The Metals Company stock for Q1 2026, down 5% quarter-over-quarter.
- 47 funds opened new TMC The Metals Company positions in Q1 2026 and 32 closed out, a net change of +15 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.