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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$71.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.79M |
| 3 |
Jane Street
New York
|
+$2.32M |
| 4 |
AA
ALPS Advisors
Denver,
Colorado
|
+$1.36M |
| 5 |
BlackRock
New York
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OWIM
Old West Investment Management
Los Angeles,
California
|
-$35.3M |
| 2 |
TCMG
TSP Capital Management Group
Summit,
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
West Palm Beach,
Florida
|
-$1.5M |
TMQ Hedge Fund Activity: Q4 2025 in Review
124 of the 8,269 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.