TMC THE METALS COMPANY INC TMC
COM · Common Stock · CUSIP 87261Y106
- SectorMaterials
- IndustryMetal Mining
- 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. Holder counts are more reliable. Implied quarter-end price ≈ $6.59. Options: 16 managers hold calls ($46.9m notional), 12 hold puts ($55.3m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 59 |
| Q4 2022 | 56 |
| Q1 2023 | 65 |
| Q2 2023 | 73 |
| Q3 2023 | 91 |
| Q4 2023 | 79 |
| Q1 2024 | 84 |
| Q2 2024 | 91 |
| Q3 2024 | 90 |
| Q4 2024 | 88 |
| Q1 2025 | 105 |
| Q2 2025 | 164 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 52 | 25 |
| Q4 2023 | 22 | 37 |
| Q1 2024 | 35 | 18 |
| Q2 2024 | 34 | 18 |
| Q3 2024 | 30 | 25 |
| Q4 2024 | 28 | 30 |
| Q1 2025 | 48 | 29 |
| Q2 2025 | 108 | 37 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $4.0m | $4.2m | 1.07 |
| Q4 2024 | $4.1m | $4.2m | 1.03 |
| Q1 2025 | $2.9m | $5.8m | 2.00 |
| Q2 2025 | $46.9m | $55.3m | 1.18 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +4.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +2.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +1.0m |
| Jump Financial, LLC | New | +941.8k |
| VANGUARD GROUP INC | New | +887.7k |
| BlackRock, Inc. | Added | +610.3k |
| TUDOR INVESTMENT CORP ET AL | Added | +605.2k |
| CITADEL ADVISORS LLC | Added | +589.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | New | +545.9k |
| BNP PARIBAS FINANCIAL MARKETS | New | +474.7k |
Biggest sellers
| Old West Investment Management, LLC | Reduced | -2.9m |
| FIRST MANHATTAN CO. LLC. | Reduced | -2.7m |
| Baird Financial Group, Inc. | Reduced | -582.4k |
| GROUP ONE TRADING LLC | Sold out | -413.3k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -408.1k |
| UBS Group AG | Reduced | -332.1k |
| Shay Capital LLC | Sold out | -266.9k |
| ROYAL BANK OF CANADA | Reduced | -109.7k |
| Mariner, LLC | Reduced | -109.4k |
| CANTOR FITZGERALD, L. P. | Sold out | -70.0k |
Biggest calls
| GROUP ONE TRADING LLC | Added | $15.9m2.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.9m1.5m shares |
| SIMPLEX TRADING, LLC | Added | $4.3m652.7k shares |
| CITADEL ADVISORS LLC | Added | $3.2m481.1k shares |
| Walleye Capital LLC | New | $3.0m452.8k shares |
| IMC-Chicago, LLC | New | $2.2m335.7k shares |
| WOLVERINE TRADING, LLC | Added | $2.1m309.2k shares |
| Walleye Trading LLC | New | $1.8m272.7k shares |
| JANE STREET GROUP, LLC | Added | $1.4m207.8k shares |
| PEAK6 LLC | New | $1.3m200.0k shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $19.1m2.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.7m2.4m shares |
| UBS Group AG | Unchanged | $6.1m928.0k shares |
| CITADEL ADVISORS LLC | Added | $5.3m800.8k shares |
| SIMPLEX TRADING, LLC | Added | $3.9m585.6k shares |
| JANE STREET GROUP, LLC | Added | $1.9m281.7k shares |
| IMC-Chicago, LLC | New | $1.8m273.5k shares |
| WOLVERINE TRADING, LLC | Added | $761.4k111.8k shares |
| Walleye Capital LLC | New | $398.6k60.4k shares |
| Walleye Trading LLC | New | $380.8k57.7k 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 |
|---|---|
| Allseas Group S.A. 13D · may seek influence -1.0 pts · filed 2026-07-07 | 15.6% |
| Korea Zinc Company, Ltd. 13G · passive investor new · filed 2025-07-02 | 7.2% |
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% |
Fell to 5% or below in the last year: Brumder William George (3.4%, 2026-05-01)
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 2 | $167.8k | — |
| Q4 2023 | 0 | — | 3 | $191.1k | — |
| Q1 2024 | 0 | — | 2 | $442.3k | — |
| Q2 2024 | 0 | — | 1 | $291.2k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $21.8k | 3 | $342.8k | — |
| Q1 2025 | 0 | — | 1 | $14.9k | — |
| Q2 2025 | 0 | — | 3 | $3.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-26 | May Brendan Director | Sold | $326.2k44.2k shares |
| 2025-06-25 | May Brendan Director | Sold | $195.0k25.0k shares |
| 2025-06-20 | O'Sullivan Anthony Chief Development Officer | Sold | $1.3m185.1k shares |
| 2025-06-09 | O'Sullivan Anthony Chief Development Officer | Sold | $210.0k50.0k shares |
| 2025-05-27 | O'Sullivan Anthony Chief Development Officer · JOZEM Pty Ltd., Trustee of the O'Sullivan Family Trust No. 1 | Sold | $478.0k100.0k shares |
| 2025-05-22 | Allseas Group S.A. +4 10% owner | Bought | —2.3m shares |
| 2025-05-21 | O'Sullivan Anthony Chief Development Officer | Sold | $737.8k164.3k shares |
| 2025-04-01 | Shesky Craig Chief Financial Officer | Sold | $587.1k353.7k shares |
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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| FIRST MANHATTAN CO. LLC. 0.30% of their portfolio | 15.9m $105.0m | Reduced -2.7m |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 5.3m $35.0m | Added +4.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio | 3.9m $25.6m | Added +2.4m |
| Baird Financial Group, Inc. 0.03% of their portfolio | 2.4m $15.6m | Reduced -582.4k |
| Old West Investment Management, LLC 2.91% of their portfolio | 1.3m $8.8m | Reduced -2.9m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 1.0m $6.7m | New |
| Jump Financial, LLC 0.08% of their portfolio | 941.8k $6.2m | New |
| BlackRock, Inc. 0.00% of their portfolio | 906.7k $6.0m | Added +610.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 889.5k $5.9m | Added +589.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 887.7k $5.9m | New |
| UBS Group AG 0.00% of their portfolio | 846.0k $5.6m | Reduced -332.1k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 711.4k $4.7m | Added +605.2k |
| STATE STREET CORP 0.00% of their portfolio | 695.4k $4.6m | Added +347.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 545.9k $3.6m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 474.7k $3.1m | New |
| Swiss National Bank 0.00% of their portfolio | 445.5k $2.9m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 408.9k $2.7m | Added +332.8k |
| MORGAN STANLEY 0.00% of their portfolio | 387.9k $2.6m | Added +275.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 364.8k $2.4m | Added +205.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 330.8k $2.2m | Added +146.7k |
| SIMPLEX TRADING, LLC 0.06% of their portfolio | 318.4k $2.1m | Added +182.0k |
| XTX Topco Ltd 0.08% of their portfolio | 306.9k $2.0m | Added +136.9k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 301.7k $2.0m | Added +179.3k |
| MISSION WEALTH MANAGEMENT, LP 0.04% of their portfolio | 300.0k $2.0m | New |
| New Hampshire Trust 0.39% of their portfolio | 286.4k $1.9m | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 269.5k $1.8m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 220.0k $1.5m | New |
| Legal & General Group Plc 0.00% of their portfolio | 210.5k $1.4m | New |
| Fortis Group Advisors, LLC 0.22% of their portfolio | 203.3k $1.2m | New |
| AUA CAPITAL MANAGEMENT, LLC 0.76% of their portfolio | 192.1k $1.3m | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 177.6k $1.2m | Reduced -56.1k |
| IMC-Chicago, LLC 0.02% of their portfolio | 135.7k $895.5k | New |
| Virtu Financial LLC 0.05% of their portfolio | 134.6k $888.0k | New |
| EVOKE WEALTH, LLC 0.02% of their portfolio | 129.0k $851.6k | Unchanged |
| Independent Advisor Alliance 0.02% of their portfolio | 112.7k $743.6k | Added +55.0k |
| Mirador Capital Partners LP 0.12% of their portfolio | 110.8k $731.4k | New |
| Advisory Services Network, LLC 0.01% of their portfolio | 103.1k $612.7k | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 100.9k $665.9k | Reduced -408.1k |
| Verition Fund Management LLC 0.00% of their portfolio | 100.5k $663.1k | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 98.1k $647.0k | New |
| LPL Financial LLC 0.00% of their portfolio | 95.7k $631.9k | Added +23.7k |
| Squarepoint Ops LLC 0.00% of their portfolio | 92.1k $607.7k | Added +57.4k |
| Abacus Wealth Partners, LLC 0.09% of their portfolio | 92.0k $607.2k | Added +60.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 90.5k $597.5k | Added +57.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 89.8k $592.4k | New |
| BECKER CAPITAL MANAGEMENT INC 0.02% of their portfolio | 88.1k $581.2k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 78.2k $516.3k | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 68.0k $448.6k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 65.8k $434.5k | Reduced -56.8k |
| BARCLAYS PLC 0.00% of their portfolio | 62.3k $410.9k | Added +47.8k |
| SBI Securities Co., Ltd. 0.01% of their portfolio | 60.1k $396.5k | Reduced -23.9k |
| Magnetar Financial LLC 0.00% of their portfolio | 50.3k $14.7k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 50.2k $331.1k | New |
| BROWN, LISLE/CUMMINGS, INC. 0.09% of their portfolio | 50.0k $330.0k | Unchanged |
| GeoSphere Capital Management, LLC 0.34% of their portfolio | 50.0k $330.0k | New |
| Optivise Advisory Services LLC 0.17% of their portfolio | 49.7k $328.0k | Added +1.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 47.4k $313.0k | Reduced -15.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 47.2k $335.3k | Added +4.5k |
| Evelyn Partners Investment Management Services Ltd 0.05% of their portfolio | 47.0k $310.3k | Unchanged |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 47.0k $310.2k | New |
| Mariner, LLC 0.00% of their portfolio | 45.2k $298.4k | Reduced -109.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 44.9k $296.3k | New |
| Quadrature Capital Ltd 0.00% of their portfolio | 43.0k $284.0k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 41.0k $270.8k | Reduced -173 |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 39.9k $263.4k | New |
| Concurrent Investment Advisors, LLC 0.00% of their portfolio | 37.9k $249.9k | Added +4.0k |
| Hubbell Strickland Wealth Management, LLC 0.11% of their portfolio | 37.7k $248.5k | Unchanged |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 35.4k $233.7k | New |
| Financial Advocates Investment Management 0.02% of their portfolio | 33.6k $222.0k | New |
| James J. Burns & Company, LLC 0.03% of their portfolio | 31.9k $210.7k | New |
| Allworth Financial LP 0.00% of their portfolio | 31.3k $206.3k | Added +16.5k |
| Focus Partners Advisor Solutions, LLC 0.00% of their portfolio | 30.5k $201.3k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 30.1k $198.6k | New |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 27.3k $180.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 27.0k $178.0k | Reduced -109.7k |
| Caitong International Asset Management Co., Ltd 0.12% of their portfolio | 26.1k $172.3k | Added +24.5k |
| Corient Private Wealth LP 0.00% of their portfolio | 26.0k $171.7k | Reduced -35 |
| Gotham Asset Management, LLC 0.00% of their portfolio | 25.9k $170.9k | New |
| Cetera Investment Advisers 0.00% of their portfolio | 25.5k $168.5k | New |
| FOSTER DYKEMA CABOT & PARTNERS, LLC 0.01% of their portfolio | 25.4k $167.7k | Unchanged |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 25.3k $167.1k | Added +100 |
| ISTHMUS PARTNERS, LLC 0.02% of their portfolio | 22.7k $149.8k | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 22.3k $146.9k | Added +5.2k |
| FOUNDERS FINANCIAL SECURITIES LLC 0.01% of their portfolio | 22.0k $145.2k | Reduced -1.0k |
| DRW Securities, LLC 0.01% of their portfolio | 21.9k $144.6k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 21.3k $140.4k | New |
| INGALLS & SNYDER LLC 0.00% of their portfolio | 20.0k $132.0k | Unchanged |
| Foundation Wealth Management, LLC\PA 0.06% of their portfolio | 20.0k $132.0k | Unchanged |
| Yukon Wealth Management, Inc. 0.04% of their portfolio | 19.0k $125.4k | New |
| Scientech Research LLC 0.03% of their portfolio | 18.3k $120.5k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 18.1k $119.3k | First filing |
| GREAT VALLEY ADVISOR GROUP, INC. 0.00% of their portfolio | 17.2k $113.6k | Reduced -19.3k |
| Summit Trail Advisors, LLC 0.00% of their portfolio | 17.0k $112.2k | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 17.0k $112.0k | New |
| Sowell Financial Services LLC 0.00% of their portfolio | 16.6k $109.6k | Added +4.5k |
| OneDigital Investment Advisors LLC 0.00% of their portfolio | 16.5k $108.8k | Unchanged |
| Nebula Research & Development LLC 0.01% of their portfolio | 16.2k $107.2k | New |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 16.1k $106.0k | New |
| LexAurum Advisors, LLC 0.02% of their portfolio | 15.6k $103.1k | Unchanged |
| Engineers Gate Manager LP 0.00% of their portfolio | 15.4k $101.9k | New |