Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TRX held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | MARSHALL WACE, LLP | 3.2M | $4.7M | +75.3% | 1.096% | 0.01% |
| 2 | Connor, Clark & Lunn Investment Management Ltd. | 2.9M | $4.3M | +202.7% | 1.007% | 0.01% |
| 3 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 2.7M | $4.0M | +128.2% | 0.941% | 0.00% |
| 4 | Hillsdale Investment Management Inc. | 1.4M | $2.1M | -23.1% | 0.485% | 0.06% |
| 5 | MORGAN STANLEY | 1.2M | $1.9M | -21.0% | 0.432% | 0.00% |
| 6 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.1M | $1.7M | +881.2% | 0.388% | 0.00% |
| 7 | Rossby Financial, LCC | 822K | $1.3M | -14.4% | 0.285% | 0.26% |
| 8 | RENAISSANCE TECHNOLOGIES LLC | 818K | $1.2M | β | 0.284% | 0.00% |
| 9 | Financial Sense Advisors, Inc. | 783K | $1.2M | +2273.3% | 0.272% | 0.24% |
| 10 | BNP PARIBAS ARBITRAGE, SA | 658K | $987K | +24.2% | 0.228% | 0.00% |
| 11 | ARMISTICE CAPITAL, LLC | 630K | $945K | β | 0.219% | 0.03% |
| 12 | TWO SIGMA INVESTMENTS, LP | 447K | $671K | β | 0.155% | 0.00% |
| 13 | NAVELLIER & ASSOCIATES INC | 363K | $544K | β | 0.126% | 0.06% |
| 14 | UBS Group AG | 350K | $525K | +603.6% | 0.121% | 0.00% |
| 15 | Strategic Planning, Inc. | 329K | $494K | 0.0% | 0.114% | 0.25% |
| 16 | HighTower Advisors, LLC | 288K | $431K | -2.6% | 0.100% | 0.00% |
| 17 | Integrity Wealth Solutions LLC | 279K | $419K | -3.7% | 0.097% | 0.16% |
| 18 | Centiva Capital, LP | 271K | $406K | β | 0.094% | 0.00% |
| 19 | MILLENNIUM MANAGEMENT LLC | 255K | $383K | β | 0.089% | 0.00% |
| 20 | TORONTO DOMINION BANK | 163K | $243K | +553.5% | 0.057% | 0.00% |
| 21 | GOLDMAN SACHS GROUP INC | 157K | $236K | +818.9% | 0.054% | 0.00% |
| 22 | XTX Topco Ltd | 156K | $235K | β | 0.054% | 0.00% |
| 23 | State of Wyoming | 118K | $177K | β | 0.041% | 0.02% |
| 24 | Cerity Partners LLC | 117K | $176K | 0.0% | 0.041% | 0.00% |
| 25 | COMMONWEALTH EQUITY SERVICES, LLC | 114K | $172K | +717.6% | 0.040% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in TRX β a direct measure of their conviction.
Filings activity in TRX during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 89 | +62% | 11.98% | +7.61 pp | $32M | +174% |
| Q4 2025 | 55 | +10% | 4.37% | +2.75 pp | $12M | +169% |
| Q3 2025 | 50 | +11% | 1.62% | +0.86 pp | $4M | +114% |
| Q2 2025 | 45 | +2.3% | 0.76% | +0.18 pp | $2M | +31% |
| Q1 2025 | 44 | +4.8% | 0.58% | 3.25 pp | $2M | 85% |
| Q4 2024 | 42 | +5.0% | 3.83% | +3.39 pp | $10M | +773% |
| Q3 2024 | 40 | +2.6% | 0.44% | +0.05 pp | $1M | +11% |
| Q2 2024 | 39 | β | 0.39% | β | $1M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TRX stock.
Based on Q1 2026 13F filings, institutional ownership of TRX Gold Corporation stands at 12.0%, held across 89 reporting institutions.
MARSHALL WACE, LLP is the largest reported institutional holder of TRX, with approximately 3,159,119 shares worth $0.00B as of Q1 2026.
Yes β 4 widely-followed marquee investors appear among the top 25 institutional holders of TRX, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, RENAISSANCE TECHNOLOGIES LLC, TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for TRX is 86 out of 100 (Strong Smart Money). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
40 institutions opened new positions in TRX during Q1 2026, while 6 fully exited. 47 added to existing positions and 2 trimmed.
TRX institutional ownership rose by 7.61 percentage points quarter-over-quarter, with a net change of +34 holders.
The top 10 institutions account for 72.8% of all reported 13F value in TRX, and the top 25 account for 91.7%.
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.
TRX Gold Corporation (TRX) Institutional Ownership