Trilogy Metals
TMQ
61 hedge funds and large institutions have $61.1M invested in Trilogy Metals in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 11 increasing their positions, 18 reducing their positions, and 12 closing their positions.
468% more call options, than puts
Call options by funds: $341K | Put options by funds: $60K
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding
Funds holding: 61 → 61 (0)
7.31% less ownership
Funds ownership: 31.14% → 23.83% (-7.3%)
23% less capital invested
Capital invested by funds: $79.3M → $61.1M (-$18.1M)
39% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 18
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$453K |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$431K |
| 3 |
HF
HRT Financial
New York
|
+$294K |
| 4 |
JP Morgan Chase
New York
|
+$283K |
| 5 |
Jane Street
New York
|
+$160K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCMG
TSP Capital Management Group
Summit,
New Jersey
|
-$7.35M |
| 2 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$3.91M |
| 3 |
WC
Wexford Capital
West Palm Beach,
Florida
|
-$2.46M |
| 4 |
OWIM
Old West Investment Management
Los Angeles,
California
|
-$2.14M |
| 5 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$1.53M |
TMQ Hedge Fund Activity: Q2 2025 in Review
61 of the 7,614 institutional investors tracked by Wall St. Rank reported a position in Trilogy Metals (TMQ) for Q2 2025, worth a combined $61.1M — down 23% from $79.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TMQ positions and 12 closed out — a net gain of 1 holder — while 11 added to existing stakes and 18 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $453K. The largest seller was TSP Capital Management Group, exiting entirely with an estimated $7.35M sold.
- 61 institutional investors held Trilogy Metals (TMQ) as of Q2 2025, unchanged from Q1 2025.
- Funds reported $61.1M of Trilogy Metals stock for Q2 2025, down 23% quarter-over-quarter.
- 13 funds opened new Trilogy Metals positions in Q2 2025 and 12 closed out, a net change of +1 holder.
- The largest Trilogy Metals buyer in Q2 2025 was Millennium Management, an estimated $453K added.
- The largest Trilogy Metals seller in Q2 2025 was TSP Capital Management Group, an estimated $7.35M sold.
Based on aggregated 13F filings for Q2 2025.