RAMACO RES INC METC
COM CL A · Common Stock · CUSIP 75134P600
- SectorMaterials
- IndustrySilver Ores
- HeadquartersLexington, KY
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.00. Options: 21 managers hold calls ($125.5m notional), 11 hold puts ($43.6m).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2023 | 92 |
| Q3 2023 | 99 |
| Q4 2023 | 155 |
| Q1 2024 | 153 |
| Q2 2024 | 145 |
| Q3 2024 | 142 |
| Q4 2024 | 155 |
| Q1 2025 | 153 |
| Q2 2025 | 145 |
| Q3 2025 | 202 |
| Q4 2025 | 210 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 77 | 84 |
| Q2 2024 | 65 | 78 |
| Q3 2024 | 68 | 65 |
| Q4 2024 | 77 | 68 |
| Q1 2025 | 69 | 76 |
| Q2 2025 | 76 | 77 |
| Q3 2025 | 138 | 71 |
| Q4 2025 | 126 | 94 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $19.4m | $5.0m | 0.26 |
| Q2 2025 | $47.4m | $22.9m | 0.48 |
| Q3 2025 | $97.7m | $110.1m | 1.13 |
| Q4 2025 | $125.5m | $43.6m | 0.35 |
Biggest buyers
| Point72 Asset Management, L.P. | Added | +1.4m |
| COOPER CREEK PARTNERS MANAGEMENT LLC | Added | +1.3m |
| TWO SIGMA INVESTMENTS, LP | Added | +999.4k |
| BlackRock, Inc. | Added | +931.9k |
| TWO SIGMA ADVISERS, LP | Added | +884.4k |
| BANK OF AMERICA CORP /DE/ | Added | +800.6k |
| PointState Capital LP | Added | +673.2k |
| UBS Group AG | Added | +604.6k |
| Portolan Capital Management, LLC | New | +561.7k |
| GOLDMAN SACHS GROUP INC | Added | +496.1k |
Biggest sellers
| CITADEL ADVISORS LLC | Sold out | -1.0m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -766.1k |
| BAMCO INC /NY/ | Sold out | -623.1k |
| Merewether Investment Management, LP | Sold out | -561.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -551.9k |
| D. E. Shaw & Co., Inc. | Reduced | -368.2k |
| Bank of New York Mellon Corp | Reduced | -349.4k |
| Castle Hook Partners LP | Sold out | -331.1k |
| ROYAL BANK OF CANADA | Reduced | -322.0k |
| Ghisallo Capital Management LLC | Sold out | -300.0k |
Biggest calls
| UBS Group AG | New | $37.9m2.1m shares |
| Dayah Capital LLC | First filing | $18.6m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.9m828.1k shares |
| CITADEL ADVISORS LLC | Added | $11.0m610.8k shares |
| GROUP ONE TRADING LLC | Added | $10.5m583.2k shares |
| IMC-Chicago, LLC | Added | $5.2m286.7k shares |
| TORONTO DOMINION BANK | Added | $4.5m200.1k shares |
| COOPER CREEK PARTNERS MANAGEMENT LLC | New | $4.5m250.0k shares |
| Point72 Asset Management, L.P. | New | $4.4m243.7k shares |
| JB CAPITAL PARTNERS LP | Unchanged | $3.8m210.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.4m798.6k shares |
| CITADEL ADVISORS LLC | Reduced | $8.8m490.3k shares |
| IMC-Chicago, LLC | Added | $4.9m269.8k shares |
| GROUP ONE TRADING LLC | Reduced | $3.8m212.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.2m177.8k shares |
| JANE STREET GROUP, LLC | Added | $3.2m175.9k shares |
| Point72 Asset Management, L.P. | New | $2.5m138.5k shares |
| D. E. Shaw & Co., Inc. | Added | $730.8k40.6k shares |
| TUDOR INVESTMENT CORP ET AL | New | $705.6k39.2k shares |
| Walleye Trading LLC | Reduced | $685.8k38.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 13G · passive investor +3.7 pts · filed 2025-11-13 | 9.9% |
| Dayah Capital LLC 13G · passive investor +1.3 pts · filed 2026-08-14 | 9.7% |
| BlackRock, Inc. 13G · institution +1.3 pts · filed 2026-01-21 | 5.6% |
| STATE STREET CORP 13G · institution new · filed 2026-05-12 | 5.1% |
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 1 | $125.0k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $10.0m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $30.0m | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 5.37% of their portfolio | 5.5m $99.2m | Added +59.0k |
| BlackRock, Inc. 0.00% of their portfolio | 4.1m $73.5m | Added +931.9k |
| Yorktown Energy Partners XI, L.P. 47.71% of their portfolio | 3.8m $68.2m | Unchanged |
| YORKTOWN ENERGY PARTNERS IX, L.P. 73.60% of their portfolio | 3.1m $55.7m | Unchanged |
| Yorktown Energy Partners X, L.P. 58.19% of their portfolio | 2.5m $45.1m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 2.5m $44.8m | Added +230.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.4m $43.2m | Added +62.0k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 2.04% of their portfolio | 2.4m $43.0m | Added +1.3m |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 1.8m $32.2m | Added +1.4m |
| Dayah Capital LLC 20.28% of their portfolio | 1.7m $30.1m | First filing |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 1.5m $27.5m | Added +9.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4m $25.1m | Added +800.6k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 1.3m $23.1m | Added +999.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $20.9m | Added +496.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $18.8m | Reduced -37.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.0m $18.7m | Added +92.6k |
| PointState Capital LP 0.31% of their portfolio | 999.2k $18.0m | Added +673.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 979.0k $17.6m | Added +164.0k |
| UBS Group AG 0.00% of their portfolio | 927.2k $16.7m | Added +604.6k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 922.6k $16.6m | Added +884.4k |
| Portolan Capital Management, LLC 0.54% of their portfolio | 561.7k $10.1m | New |
| Lunt Capital Management, Inc. 3.76% of their portfolio | 557.9k $10.0m | Added +496.0k |
| Walleye Capital LLC 0.04% of their portfolio | 392.7k $7.1m | Added +387.7k |
| CITIGROUP INC 0.00% of their portfolio | 370.5k $6.7m | Added +343.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 361.8k $6.5m | Added +30.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 356.7k $6.4m | Added +333.6k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 353.2k $6.4m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 321.4k $5.8m | Added +65.9k |
| FOURSIXTHREE CAPITAL LP 2.42% of their portfolio | 319.2k $5.7m | New |
| NORGES BANK 0.00% of their portfolio | 314.7k $5.7m | Not comparable |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 292.2k $5.3m | Added +231.4k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 257.7k $4.6m | New |
| GLENVIEW CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 200.0k $3.6m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 176.2k $3.2m | Added +8.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 154.7k $2.8m | Reduced -551.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 150.5k $2.7m | New |
| Burkehill Global Management, LP 0.18% of their portfolio | 150.0k $2.7m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 146.6k $2.6m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 146.2k $2.6m | New |
| Texas Yale Capital Corp. 0.08% of their portfolio | 142.5k $2.6m | Added +109.5k |
| LPL Financial LLC 0.00% of their portfolio | 142.4k $2.6m | Reduced -27.3k |
| MIZUHO MARKETS AMERICAS LLC 0.05% of their portfolio | 128.3k $2.3m | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 123.0k $2.2m | Unchanged |
| Empowered Funds, LLC 0.04% of their portfolio | 121.6k $2.2m | Unchanged |
| IMC-Chicago, LLC 0.04% of their portfolio | 119.9k $2.2m | Added +88.7k |
| Potrero Capital Research LLC 0.69% of their portfolio | 114.2k $2.1m | Reduced -234.6k |
| Invesco Ltd. 0.00% of their portfolio | 110.9k $2.0m | Reduced -98.8k |
| SONA ASSET MANAGEMENT (US) LLC 0.06% of their portfolio | 101.4k $1.8m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 100.6k $1.8m | Reduced -349.4k |
| Lighthouse Investment Partners, LLC 0.06% of their portfolio | 100.0k $1.8m | Added +19.2k |
| Quantbot Technologies LP 0.06% of their portfolio | 97.5k $1.8m | New |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 90.9k $1.6m | New |
| POLEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 88.5k $1.6m | Reduced -93.8k |
| HRT FINANCIAL LP 0.01% of their portfolio | 86.1k $1.5m | Reduced -24.1k |
| Squarepoint Ops LLC 0.00% of their portfolio | 84.7k $1.5m | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 80.1k $1.4m | Reduced -766.1k |
| Verition Fund Management LLC 0.01% of their portfolio | 76.7k $1.4m | Reduced -2.9k |
| Brevan Howard Capital Management LP 0.03% of their portfolio | 76.3k $1.4m | Added +31.4k |
| Swiss National Bank 0.00% of their portfolio | 76.1k $1.4m | Added +1.5k |
| Nuveen, LLC 0.00% of their portfolio | 74.2k $1.3m | Added +13.5k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 70.3k $1.3m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 70.1k $1.3m | Reduced -322.0k |
| BARCLAYS PLC 0.00% of their portfolio | 67.3k $1.2m | Reduced -72.2k |
| EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio | 64.1k $1.2m | Reduced -4.1k |
| VARCOV Co. 0.41% of their portfolio | 58.2k $1.0m | First filing |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 57.4k $1.0m | Added +30.2k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 55.8k $1.0m | New |
| FNY Investment Advisers, LLC 0.28% of their portfolio | 55.1k $992.0k | Added +31.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 54.3k $976.6k | Added +8.6k |
| ALPS ADVISORS INC 0.01% of their portfolio | 53.8k $969.1k | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 53.5k $963.9k | Added +8.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 52.7k $948.7k | Reduced -154.6k |
| WINTON GROUP Ltd 0.03% of their portfolio | 47.7k $858.1k | Reduced -7.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 44.3k $797.0k | Reduced -120 |
| US BANCORP \DE\ 0.00% of their portfolio | 43.8k $787.6k | Reduced -144 |
| NATIXIS 0.00% of their portfolio | 40.1k $721.9k | New |
| Freestone Grove Partners LP 0.01% of their portfolio | 40.1k $721.7k | Added +30.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 40.0k $719.2k | Added +34.3k |
| XTX Topco Ltd 0.02% of their portfolio | 37.9k $681.9k | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 36.7k $661.0k | Added +11.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 36.2k $651.1k | Added +331 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 34.9k $628.6k | Reduced -18.5k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 34.9k $628.5k | Added +4.0k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 32.7k $588.8k | Added +6.5k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.01% of their portfolio | 30.9k $556.1k | Reduced -60.3k |
| OXFORD ASSET MANAGEMENT LLP 0.19% of their portfolio | 30.6k $550.2k | Not comparable |
| ARDSLEY ADVISORY PARTNERS LP 0.07% of their portfolio | 30.0k $540.0k | Reduced -10.0k |
| Quantinno Capital Management LP 0.00% of their portfolio | 28.9k $520.8k | Added +4.0k |
| SG Americas Securities, LLC 0.00% of their portfolio | 25.9k $466.0k | Added +21.9k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 24.9k $448.0k | Added +2.3k |
| Scientech Research LLC 0.27% of their portfolio | 24.1k $432.9k | Added +6.5k |
| Cetera Investment Advisers 0.00% of their portfolio | 23.9k $430.6k | Added +1.8k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 23.1k $416.5k | Added +6.3k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 22.9k $412.5k | Reduced -1.1k |
| Pinnacle Family Advisors, LLC 0.18% of their portfolio | 22.4k $403.6k | Added +170 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 22.2k $400.0k | Added +6.8k |
| PharVision Advisers, LLC 0.20% of their portfolio | 22.2k $399.2k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 21.9k $394.0k | Reduced -15.7k |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 20.6k $370.7k | Reduced -156.0k |
| Circle Wealth Management, LLC 0.01% of their portfolio | 19.3k $346.9k | New |