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TMQ

Trilogy Metals
TMQ

124 hedge funds and large institutions have $308M invested in Trilogy Metals in 2025 Q4 according to their latest regulatory filings, with 73 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

421% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 14

215% more capital invested

Capital invested by funds: $97.8M → $308M (+$211M)

88% more funds holding

Funds holding: 66 → 124 (+58)

67% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 15

30% more call options, than puts

Call options by funds: $9.01M | Put options by funds: $6.94M

9.56% more ownership

Funds ownership: 28.32% → 37.89% (+9.6%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
124
Holders Change
+58
Holders Change %
+87.88%
% of All Funds
1.51%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
73
Increased
25
Reduced
15
Closed
14
Calls
$9.01M
Puts
$6.94M
Net Calls
+$2.07M
Net Calls Change
-$870K

Top Buyers

1
TI
Tidal Investments
Wisconsin
+$71.3M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$2.79M
3
Jane Street
Jane Street
New York
+$2.32M
4
AA
ALPS Advisors
Colorado
+$1.36M
5
BlackRock
BlackRock
New York
+$1.33M

Top Sellers

1
OWIM
Old West Investment Management
California
-$35.3M
2
TCMG
TSP Capital Management Group
New Jersey
-$31.6M
3
PC
Paulson & Co
New York
-$30.1M
4
BCM
Bornite Capital Management
New York
-$2.1M
5
WC
Wexford Capital
Florida
-$1.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
SHIM
101
Stone House Investment Management
Pennsylvania
$2.15K +$2.35K +500 New
TCM
102
Tradewinds Capital Management
Washington
$2.05K +$2.24K +475 New
GWP
103
Gen-Wealth Partners
Michigan
$1.97K +$2.16K +458 New
SPIA
104
Steward Partners Investment Advisory
New York
$1.83K +$2K +425 New
Toronto Dominion Bank
105
Toronto Dominion Bank
Ontario, Canada
$1.76K +$1.92K +408 New
National Bank of Canada
106
National Bank of Canada
Quebec, Canada
$1.46K +$1.54K +327 +641%
NECFA
107
New England Capital Financial Advisors
Connecticut
$1.44K – – –
HI
108
Harbour Investments
Wisconsin
$1.41K +$1.46K +310 +1,938%
AF
109
Allworth Financial
California
$1.29K +$1.41K +300 New
GWM
110
Geneos Wealth Management
Colorado
$1.29K +$1.41K +300 New
MPWT
111
MassMutual Private Wealth & Trust
Connecticut
$1.29K +$1.41K +300 New
NMG
112
New Millennium Group
Utah
$1.21K +$1.32K +280 New
RhumbLine Advisers
113
RhumbLine Advisers
Massachusetts
$1.19K +$1.29K +275 New
AUB
114
Atlantic Union Bankshares
Virginia
$1.08K +$1.18K +250 New
OP
115
ORG Partners
Indiana
$1.08K +$1.18K +250 New
Carson Wealth (CWM LLC)
116
Carson Wealth (CWM LLC)
Nebraska
$1K +$1.13K +239 +319%
AEPWM
117
Atlantic Edge Private Wealth Management
Florida
$862 +$942 +200 New
TCM
118
Triumph Capital Management
Colorado
$862 +$942 +200 New
ML
119
MSRH LLC
New York
$284 +$311 +66 New
Northwestern Mutual Wealth Management
120
Northwestern Mutual Wealth Management
Wisconsin
$268 – – –
TWC
121
TD Waterhouse Canada
Ontario, Canada
$215 – – –
JP Morgan Chase
122
JP Morgan Chase
New York
$198 -$930K -197,334 -100%
IA
123
IFP Advisors
Florida
$52 +$57 +12 New
TC
124
Truvestments Capital
Florida
$34 – – –
US Bancorp
125
US Bancorp
Minnesota
$26 – – –
2 3 4
5
6

TMQ Hedge Fund Activity: Q4 2025 in Review

124 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Trilogy Metals (TMQ) for Q4 2025, worth a combined $308M — up 215% from $97.8M a quarter earlier.

Buyers outnumbered sellers: 73 funds opened new TMQ positions and 14 closed out — a net gain of 59 holders — while 25 added to existing stakes and 15 trimmed.

The largest buyer was Tidal Investments, adding an estimated $71.3M. The largest seller was Old West Investment Management, cutting an estimated $35.3M.

  • 124 institutional investors held Trilogy Metals (TMQ) as of Q4 2025, up from 66 in Q3 2025.
  • Funds reported $308M of Trilogy Metals stock for Q4 2025, up 215% quarter-over-quarter.
  • 73 funds opened new Trilogy Metals positions in Q4 2025 and 14 closed out, a net change of +59 holders.
  • The largest Trilogy Metals buyer in Q4 2025 was Tidal Investments, an estimated $71.3M added.
  • The largest Trilogy Metals seller in Q4 2025 was Old West Investment Management, an estimated $35.3M sold.

Based on aggregated 13F filings for Q4 2025.