Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TMQ held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Electrum Group LLC | 31.6M | $113.5M | 0.0% | 18.476% | 10.48% |
| 2 | TSP Capital Management Group, LLC | 6.8M | $24.2M | +0.4% | 3.949% | 5.92% |
| 3 | Old West Investment Management, LLC | 4.7M | $16.9M | +0.5% | 2.749% | 1.83% |
| 4 | ALPS ADVISORS INC | 1.9M | $6.7M | +175.9% | 1.088% | 0.03% |
| 5 | Goehring & Rozencwajg Associates, LLC | 1.7M | $6.2M | +22.7% | 1.010% | 0.33% |
| 6 | MARSHALL WACE, LLP | 1.6M | $5.8M | +2419.3% | 0.952% | 0.01% |
| 7 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.5M | $5.5M | -25.8% | 0.901% | 0.00% |
| 8 | ENVESTNET ASSET MANAGEMENT INC | 974K | $3.5M | +5.2% | 0.569% | 0.00% |
| 9 | Walleye Capital LLC | 946K | $3.4M | +271.7% | 0.553% | 0.01% |
| 10 | CITADEL ADVISORS LLC | 666K | $2.4M | — | 0.389% | 0.00% |
| 11 | TWO SIGMA INVESTMENTS, LP | 545K | $2.0M | +67.7% | 0.319% | 0.00% |
| 12 | GOLDMAN SACHS GROUP INC | 459K | $1.6M | +187.2% | 0.268% | 0.00% |
| 13 | MORGAN STANLEY | 459K | $1.6M | +131.4% | 0.268% | 0.00% |
| 14 | BlackRock, Inc. | 407K | $1.5M | +44.1% | 0.238% | 0.00% |
| 15 | TORONTO DOMINION BANK | 395K | $1.4M | +96828.7% | 0.231% | 0.00% |
| 16 | BANK OF AMERICA CORP /DE/ | 385K | $1.4M | +7.7% | 0.225% | 0.00% |
| 17 | Point72 Asset Management, L.P. | 343K | $1.2M | +141.8% | 0.200% | 0.00% |
| 18 | BANK OF MONTREAL /CAN/ | 284K | $1.0M | — | 0.166% | 0.00% |
| 19 | Jump Financial, LLC | 279K | $1.0M | +1886.0% | 0.163% | 0.01% |
| 20 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 274K | $987K | +11.8% | 0.160% | 0.00% |
| 21 | Rockefeller Capital Management L.P. | 251K | $901K | +188.3% | 0.147% | 0.00% |
| 22 | STATE STREET CORP | 233K | $838K | +38.4% | 0.136% | 0.00% |
| 23 | Swiss National Bank | 212K | $761K | 0.0% | 0.124% | 0.00% |
| 24 | Private Advisor Group, LLC | 204K | $732K | — | 0.119% | 0.00% |
| 25 | UBS Group AG | 186K | $667K | +160.5% | 0.109% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in TMQ — a direct measure of their conviction.
Filings activity in TMQ during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 141 | +17% | 32.24% | 14.64 pp | $217M | 31% |
| Q4 2025 | 121 | +83% | 46.88% | +30.73 pp | $315M | +190% |
| Q3 2025 | 66 | +6.5% | 16.15% | +7.10 pp | $109M | +79% |
| Q2 2025 | 62 | +3.3% | 9.05% | 2.72 pp | $61M | 23% |
| Q1 2025 | 60 | +18% | 11.77% | +4.22 pp | $79M | +56% |
| Q4 2024 | 51 | +6.3% | 7.55% | +4.59 pp | $51M | +155% |
| Q3 2024 | 48 | +14% | 2.96% | +0.55 pp | $20M | +23% |
| Q2 2024 | 42 | — | 2.41% | — | $16M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TMQ stock.
Based on Q1 2026 13F filings, institutional ownership of Trilogy Metals Inc. stands at 32.2%, held across 141 reporting institutions.
Electrum Group LLC is the largest reported institutional holder of TMQ, with approximately 31,604,741 shares worth $0.11B as of Q1 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of TMQ, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, TWO SIGMA INVESTMENTS, LP, Point72 Asset Management, L.P..
Our composite Smart Money Score for TMQ is 55 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
44 institutions opened new positions in TMQ during Q1 2026, while 24 fully exited. 31 added to existing positions and 66 trimmed.
TMQ institutional ownership fell by 14.64 percentage points quarter-over-quarter, with a net change of +20 holders.
The top 10 institutions account for 86.8% of all reported 13F value in TMQ, and the top 25 account for 94.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Trilogy Metals Inc. (TMQ) Institutional Ownership