Vault-13

TMC THE METALS COMPANY INC TMC

COM · Common Stock · CUSIP 87261Y106

88 institutional holders -2 vs Q3 2024
32,582,90132.6m shares reported held*
$36.5mreported value*
7 new 21 added 13 reduced 17 sold out net bought ≈ $16.9m (+15.1m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $1.12. Options: 7 managers hold calls ($4.1m notional), 8 hold puts ($4.2m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 59Q4 22: 56Q1 23: 65Q2 23: 73Q3 23: 91Q4 23: 79Q1 24: 84Q2 24: 91Q3 24: 90Q4 24: 8888Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202259
Q4 202256
Q1 202365
Q2 202373
Q3 202391
Q4 202379
Q1 202484
Q2 202491
Q3 202490
Q4 202488

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 23: 28 bought or addedQ1 23: 18 cut or sold outQ2 23: 29 bought or addedQ2 23: 22 cut or sold outQ2 23Q3 23: 52 bought or addedQ3 23: 25 cut or sold outQ4 23: 22 bought or addedQ4 23: 37 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 18 cut or sold outQ2 24: 34 bought or addedQ2 24: 18 cut or sold outQ2 24Q3 24: 30 bought or addedQ3 24: 25 cut or sold outQ4 24: 28 bought or addedQ4 24: 30 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20232818
Q2 20232922
Q3 20235225
Q4 20232237
Q1 20243518
Q2 20243418
Q3 20243025
Q4 20242830

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2m$4m$6mQ1 24 calls: $3.1mQ1 24 puts: $2.8mQ1 24P/C 0.89Q2 24 calls: $3.7mQ2 24 puts: $4.1mQ2 24P/C 1.11Q3 24 calls: $4.0mQ3 24 puts: $4.2mQ3 24P/C 1.07Q4 24 calls: $4.1mQ4 24 puts: $4.2mQ4 24P/C 1.03
Numbers
QuarterCallsPutsP/C
Q1 2024$3.1m$2.8m0.89
Q2 2024$3.7m$4.1m1.11
Q3 2024$4.0m$4.2m1.07
Q4 2024$4.1m$4.2m1.03

Biggest buyers

FIRST MANHATTAN CO. LLC. Added +10,025,000+10.0m
UBS Group AG Added +1,649,318+1.6m
Old West Investment Management, LLC Added +1,338,423+1.3m
JANE STREET GROUP, LLC Added +1,303,524+1.3m
Shay Capital LLC Added +844,904+844.9k
Caption Management, LLC Added +420,044+420.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +118,381+118.4k
SIMPLEX TRADING, LLC Added +117,961+118.0k
GROUP ONE TRADING LLC Added +82,698+82.7k
WELLS FARGO & COMPANY/MN Added +81,626+81.6k

Biggest sellers

BANK OF MONTREAL /CAN/ Reduced -461,071-461.1k
CANTOR FITZGERALD, L. P. Sold out -170,000-170.0k
Baird Financial Group, Inc. Reduced -102,340-102.3k
JOHNSON INVESTMENT COUNSEL INC Sold out -61,730-61.7k
Capital Markets Trading UK LLP Sold out -50,000-50.0k
Ancora Advisors LLC Sold out -50,000-50.0k
Mariner, LLC Reduced -46,078-46.1k
Virtu Financial LLC Sold out -41,157-41.2k
MILLENNIUM MANAGEMENT LLC Sold out -33,755-33.8k
WOLVERINE TRADING, LLC Reduced -29,059-29.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6m1.4m shares
GROUP ONE TRADING LLC Added $1.2m1.1m shares
SIMPLEX TRADING, LLC Added $961.0k858.5k shares
Squarepoint Ops LLC New $129.5k115.6k shares
CITADEL ADVISORS LLC Added $120.4k107.5k shares
WOLVERINE TRADING, LLC Reduced $35.2k29.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Caption Management, LLC Added $1.1m999.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m986.9k shares
GROUP ONE TRADING LLC Added $1.0m902.4k shares
SIMPLEX TRADING, LLC Added $461.0k412.2k shares
CITADEL ADVISORS LLC Added $285.5k254.9k shares
WELLS FARGO & COMPANY/MN New $261.0k233.0k shares
BANK OF MONTREAL /CAN/ Reduced $672600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

HolderStakeChangeShares Last filed
Allseas Group S.A. 13D · may seek influence -1.0 pts · filed 2026-07-07 15.6% -1.0 pts 67.5m≈ $299.0m 2026-07-07
Korea Zinc Company, Ltd. 13G · passive investor new · filed 2025-07-02 7.2% new 26.5m≈ $117.4m 2025-07-02
Barron Gerard 13D · may seek influence filed 2026-09-11
Stated purposeItem 4 is hereby supplemented by adding the following after the end of the second paragraph thereof: On November 22, 2024, the Reporting Person acquired 260,417 Common Shares upon the vesting and settlement of restricted stock units issued to the Reporting Person pursuant to the Issuer's incentive plans On March 20, 2025, the Reporting Person acquired an aggregate of 1,247,191 Common Shares upon the vesting and settlement of restricted stock units issued to the Reporting Person pursuant to the Issuer's incentive plans. On March 20, 2026, the Reporting Person acquired an aggregate of 1,438,075 Common Shares upon the vesting and settlement of restricted stock units issued to the Reporting Person pursuant to the Issuer's incentive plans. On October 28, 2025, the Reporting Person acquired 6… Full filing
6.9% 30.8m≈ $136.5m 2026-09-11

Fell to 5% or below in the last year: Brumder William George (3.4%, 2026-05-01)

Insider purchases and sales in Q4 2024

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)

BuyingSelling
404Q1 23: 1 buyingQ1 23: 3 sellingQ2 23: 1 buyingQ2 23: 0 sellingQ2 23Q3 23: 0 buyingQ3 23: 2 sellingQ4 23: 0 buyingQ4 23: 3 sellingQ4 23Q1 24: 0 buyingQ1 24: 2 sellingQ2 24: 0 buyingQ2 24: 1 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 1 buyingQ4 24: 3 sellingQ4 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20231$24.9k3$342.0k—
Q2 20231$3.0m0——
Q3 20230—2$167.8k—
Q4 20230—3$191.1k—
Q1 20240—2$442.3k—
Q2 20240—1$291.2k—
Q3 20240—0——
Q4 20241$21.8k3$342.8k—
DateInsiderTradeSharesPrice ValueTheir holding
2024-12-30 ILVES Erika Chief Strategy Officer Sold 217,099 $1.11 $241.0k217.1k shares -18%
2024-12-24 May Brendan Director Bought 25,000 $0.87 $21.8k25.0k shares +33%
2024-11-27 Shesky Craig Chief Financial Officer Sold 47,523 $0.85 $40.4k47.5k shares -5%
2024-11-19 Hall Andrew Director Sold 66,000 $0.93 $61.4k66.0k shares -26%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FIRST MANHATTAN CO. LLC. 0.06% of their portfolio NEW YORK, NY 18,726,80018.7m $21.0m $21.0m 0.06% Added +10.0m +10,025,000
2 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 2,179,8602.2m $2.4m $2.4m 0.00% Reduced -102.3k -102,340
3 Old West Investment Management, LLC 0.97% of their portfolio Los Angeles, CA 2,135,0382.1m $2.4m $2.4m 0.97% Added +1.3m +1,338,423
4 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,714,2681.7m $1.9m $1.9m 0.00% Added +1.6m +1,649,318
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,345,8121.3m $1.5m $1.5m 0.00% Added +1.3m +1,303,524
6 Shay Capital LLC 0.26% of their portfolio NEW YORK, NY 932,404932.4k $1.0m $1.0m 0.26% Added +844.9k +844,904
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 857,559857.6k $960.5k $960.5k 0.00% Added +118.4k +118,381
8 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 542,938542.9k $608.1k $608.1k 0.00% Added +57.6k +57,606
9 Caption Management, LLC 0.02% of their portfolio OKLAHOMA CITY, OK 508,614508.6k $569.6k $569.6k 0.02% Added +420.0k +420,044
10 New Hampshire Trust 0.08% of their portfolio CONCORD, NH 318,989319.0k $357.3k $357.3k 0.08% Unchanged
11 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 288,308288.3k $322.9k $322.9k 0.01% Added +82.7k +82,698
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 218,260218.3k $244.5k $244.5k 0.00% Added +4.1k +4,107
13 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 211,013211.0k $236.0k $236.0k 0.01% Added +118.0k +117,961
14 AUA CAPITAL MANAGEMENT, LLC 0.14% of their portfolio MECHANICSBURG, PA 192,139192.1k $215.2k $215.2k 0.14% Unchanged
15 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 184,173184.2k $206.3k $206.3k 0.00% Unchanged
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 137,615137.6k $155.0k $155.0k 0.00% Reduced -15 -15
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 134,208134.2k $150.3k $150.3k 0.00% Added +33.8k +33,783
18 EVOKE WEALTH, LLC 0.00% of their portfolio Los Angeles, CA 129,035129.0k $144.5k $144.5k 0.00% Unchanged
19 Mariner, LLC 0.00% of their portfolio Overland Park, KS 116,181116.2k $130.1k $130.1k 0.00% Reduced -46.1k -46,078
20 Private Wealth Partners, LLC 0.01% of their portfolio MILL VALLEY, CA 98,70098.7k $110.5k $110.5k 0.01% Unchanged
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 91,12691.1k $102.1k $102.1k 0.00% Added +81.6k +81,626
22 BECKER CAPITAL MANAGEMENT INC 0.00% of their portfolio Portland, OR 88,06288.1k $98.6k $98.6k 0.00% Unchanged
23 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 83,93983.9k $94.0k $94.0k 0.00% First filing
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 77,98678.0k $87.3k $87.3k 0.00% Unchanged
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 59,62859.6k $66.8k $66.8k 0.00% Reduced -20.8k -20,848
26 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 58,29158.3k $65.0k $65.0k 0.00% Unchanged
27 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 57,92957.9k $64.9k $64.9k 0.01% New
28 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 51,20351.2k $57.3k $57.3k 0.00% Unchanged
29 BROWN, LISLE/CUMMINGS, INC. 0.02% of their portfolio PROVIDENCE, RI 50,00050.0k $56.0k $56.0k 0.02% Unchanged
30 Optivise Advisory Services LLC 0.03% of their portfolio FRANKLIN, TN 49,09049.1k $55.0k $55.0k 0.03% Added +10 +10
31 Evelyn Partners Investment Management Services Ltd 0.01% of their portfolio London, X0 47,02147.0k $52.7k $52.7k 0.01% First filing
32 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 44,23844.2k $49.5k $49.5k 0.00% Reduced -461.1k -461,071
33 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 41,60041.6k $46.6k $46.6k 0.00% New
34 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 40,00040.0k $44.8k $44.8k 0.00% Reduced -5.9k -5,900
35 Independent Advisor Alliance 0.00% of their portfolio CHARLOTTE, NC 37,66537.7k $42.2k $42.2k 0.00% New
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 37,64237.6k $42.2k $42.2k 0.00% Reduced -13.7k -13,680
37 Hubbell Strickland Wealth Management, LLC 0.02% of their portfolio NEW ORLEANS, LA 36,43336.4k $40.8k $40.8k 0.02% Reduced -3.1k -3,126
38 Summit Trail Advisors, LLC 0.00% of their portfolio NEW YORK, NY 34,00034.0k $38.1k $38.1k 0.00% Unchanged
39 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 32,71832.7k $36.6k $36.6k 0.00% Added +11.9k +11,904
40 FOUNDERS FINANCIAL SECURITIES LLC 0.00% of their portfolio TOWSON, MD 32,50032.5k $36.4k $36.4k 0.00% Reduced -3.5k -3,500
41 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 30,45030.4k $34.1k $34.1k 0.00% Added +3.0k +3,000
42 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 26,05026.1k $29.2k $29.2k 0.00% Reduced -26.1k -26,050
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 25,39825.4k $28.4k $28.4k 0.00% First filing
44 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 25,24525.2k $28.0k $28.0k 0.00% New
45 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 25,22025.2k $28.2k $28.2k 0.00% New
46 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 23,70023.7k $26.5k $26.5k 0.00% Unchanged
47 Gray Wealth Management Inc. 0.01% of their portfolio Bangor, ME 23,70023.7k $26.5k $26.5k 0.01% Added +8.9k +8,863
48 ISTHMUS PARTNERS, LLC 0.00% of their portfolio MADISON, WI 22,69622.7k $25.4k $25.4k 0.00% Unchanged
49 INGALLS & SNYDER LLC 0.00% of their portfolio NEW YORK, NY 20,00020.0k $22.0k $22.0k 0.00% Unchanged
50 Foundation Wealth Management, LLC\PA 0.01% of their portfolio MEDIA, PA 20,00020.0k $22.4k $22.4k 0.01% First filing
51 Brucke Financial, Inc. 0.03% of their portfolio INDIANAPOLIS, IN 19,77519.8k $32.2k $32.2k 0.03% First filing
52 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 17,50617.5k $19.6k $19.6k 0.00% Added +2.4k +2,387
53 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 16,47916.5k $18.5k $18.5k 0.00% Unchanged
54 LexAurum Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 15,62215.6k $17.5k $17.5k 0.00% Unchanged
55 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 15,59915.6k $18.7k $18.7k 0.00% Reduced -29.1k -29,059
56 Trinity Legacy Partners, LLC 0.00% of their portfolio HOUSTON, TX 15,00015.0k $16.8k $16.8k 0.00% Unchanged
57 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 14,49214.5k $16.2k $16.2k 0.00% Unchanged
58 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 12,25012.2k $13.7k $13.7k 0.00% Reduced -3.2k -3,250
59 LEVEL FOUR ADVISORY SERVICES, LLC 0.00% of their portfolio DALLAS, TX 11,55111.6k $12.9k $12.9k 0.00% Added +500 +500
60 Scientech Research LLC 0.00% of their portfolio JERSEY CITY, NJ 11,03711.0k $12.4k $12.4k 0.00% New
61 Arete Wealth Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,85010.8k $12.0k $12.0k 0.00% Added +715 +715
62 INDEPENDENT FINANCIAL GROUP, LLC 0.00% of their portfolio SAN DIEGO, CA 10,00010.0k $11.2k $11.2k 0.00% Unchanged
63 SEARLE & CO. 0.00% of their portfolio GREENWICH, CT 10,00010.0k $11.2k $11.2k 0.00% Unchanged
64 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 10,00010.0k $11.2k $11.2k 0.00% Unchanged
65 Baker Ellis Asset Management LLC 0.00% of their portfolio Vancouver, WA 10,00010.0k $11.2k $11.2k 0.00% Unchanged
66 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 10,00010.0k $15.6k $15.6k 0.00% Unchanged
67 Capstone Financial Advisors, Inc. 0.00% of their portfolio DOWNERS GROVE, IL 10,00010.0k $11.2k $11.2k 0.00% Unchanged
68 Coastal Bridge Advisors, LLC 0.00% of their portfolio WESTPORT, CT 10,00010.0k $11.2k $11.2k 0.00% Unchanged
69 ARBOR TRUST WEALTH ADVISORS, LLC 0.01% of their portfolio ANN ARBOR, MI 10,00010.0k $11.2k $11.2k 0.01% Unchanged
70 LAZARI CAPITAL MANAGEMENT, INC. 0.00% of their portfolio WOODLAND HILLS, CA 10,00010.0k $11.2k $11.2k 0.00% Unchanged
71 Northwest Financial Advisors 0.01% of their portfolio HERNDON, VA 10,00010.0k $11.2k $11.2k 0.01% Unchanged
72 Continuum Advisory, LLC 0.00% of their portfolio EAGLE, ID 9,4199.4k $10.5k $10.5k 0.00% Unchanged
73 Thomas J. Herzfeld Advisors, Inc. 0.00% of their portfolio MIAMI BEACH, FL 8,9599.0k $10.0k $10.0k 0.00% Unchanged
74 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,3777.4k $8.3k $8.3k 0.00% Added +552 +552
75 Plante Moran Financial Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 5,2005.2k $5.8k $5.8k 0.00% Unchanged
76 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 5,0005.0k $5.6k $5.6k 0.00% Unchanged
77 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 5,0005.0k $5.5k $5.5k 0.00% Unchanged
78 EQUITEC PROPRIETARY MARKETS, LLC 0.03% of their portfolio CHICAGO, IL 4,0004.0k $4.5k $4.5k 0.03% Unchanged
79 WOLFF WIESE MAGANA LLC 0.00% of their portfolio CARSLBAD, CA 4,0004.0k $4.5k $4.5k 0.00% New
80 Hopwood Financial Services, Inc. 0.00% of their portfolio RESTON, VA 2,6252.6k $2.9k $2.9k 0.00% First filing
81 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 1,5501.6k $1.7k $1.7k 0.00% Unchanged
82 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 1,0001.0k $1.1k $1.1k 0.00% Reduced -200 -200
83 Bray Capital Advisors 0.00% of their portfolio Naples, FL 1,0001.0k $1.1k $1.1k 0.00% Unchanged
84 Fourth Dimension Wealth, LLC 0.00% of their portfolio MIDDLEBURG HEIGHTS, OH 1,0001.0k $1.1k $1.1k 0.00% First filing
85 Medallion Wealth Advisors, LLC 0.00% of their portfolio FARMINGTON, CT 1,0001.0k $1.1k $1.1k 0.00% First filing
86 Hexagon Capital Partners LLC 0.00% of their portfolio ROGERS, AR 9595 $106 $106 0.00% Unchanged
87 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 7171 $79 $79 0.00% Unchanged
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged