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 ($719 this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.67. Options: 16 managers hold calls ($39.9m notional), 10 hold puts ($20.9m).
Trends to Q1 2026
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 |
| Q3 2025 | 174 |
| Q4 2025 | 199 |
| Q1 2026 | 209 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 34 | 18 |
| Q3 2024 | 30 | 25 |
| Q4 2024 | 28 | 30 |
| Q1 2025 | 48 | 29 |
| Q2 2025 | 108 | 37 |
| Q3 2025 | 94 | 71 |
| Q4 2025 | 98 | 80 |
| Q1 2026 | 112 | 75 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $46.9m | $55.3m | 1.18 |
| Q3 2025 | $56.1m | $36.3m | 0.65 |
| Q4 2025 | $130.7m | $37.7m | 0.29 |
| Q1 2026 | $39.9m | $20.9m | 0.52 |
Biggest buyers
| JANE STREET GROUP, LLC | Added | +3.8m |
| CITADEL ADVISORS LLC | Added | +3.4m |
| MARSHALL WACE, LLP | Added | +2.4m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.6m |
| Walleye Capital LLC | New | +1.2m |
| TUDOR INVESTMENT CORP ET AL | Added | +931.6k |
| HRT FINANCIAL LP | Added | +839.0k |
| UBS Group AG | Added | +811.2k |
| RENAISSANCE TECHNOLOGIES LLC | New | +730.0k |
| GROUP ONE TRADING LLC | Added | +662.5k |
Biggest sellers
| Encompass Capital Advisors LLC | Sold out | -3.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -2.8m |
| Old West Investment Management, LLC | Reduced | -658.3k |
| Verition Fund Management LLC | Reduced | -511.2k |
| MORGAN STANLEY | Reduced | -389.5k |
| SG Americas Securities, LLC | Sold out | -236.7k |
| AUA CAPITAL MANAGEMENT, LLC | Sold out | -192.1k |
| GSA CAPITAL PARTNERS LLP | Reduced | -174.8k |
| WINTON GROUP Ltd | Sold out | -153.5k |
| Baird Financial Group, Inc. | Reduced | -117.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.0m4.1m shares |
| GROUP ONE TRADING LLC | Reduced | $5.7m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $5.2m1.1m shares |
| IMC-Chicago, LLC | Reduced | $3.9m836.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.9m407.4k shares |
| JANE STREET GROUP, LLC | Reduced | $1.5m320.3k shares |
| CITIGROUP INC | New | $1.0m217.5k shares |
| Walleye Trading LLC | Reduced | $615.5k131.8k shares |
| Walleye Capital LLC | Reduced | $608.0k130.2k shares |
| Private Wealth Partners, LLC | New | $186.8k40.0k shares |
Biggest puts
| UBS Group AG | New | $5.5m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.1m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $3.6m774.7k shares |
| GROUP ONE TRADING LLC | Reduced | $2.7m587.1k shares |
| IMC-Chicago, LLC | Added | $1.4m303.5k shares |
| JANE STREET GROUP, LLC | Added | $650.1k139.2k shares |
| HRT FINANCIAL LP | Reduced | $611.0k130.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $537.5k115.1k shares |
| Walleye Trading LLC | Reduced | $435.2k93.2k shares |
| Walleye Capital LLC | Reduced | $314.8k67.4k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2025 | 0 | — | 2 | $10.5m | — |
| Q4 2025 | 0 | — | 1 | $664.0k | — |
| Q1 2026 | 0 | — | 1 | $1.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-26 | Shesky Craig Chief Financial Officer | Sold | $976.2k215.5k shares |
| 2026-03-25 | Shesky Craig Chief Financial Officer | Sold | $358.1k78.2k shares |
| 2026-03-24 | Shesky Craig Chief Financial Officer | Sold | $246.2k51.9k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| FIRST MANHATTAN CO. LLC. 0.20% of their portfolio | 15.3m $71.5m | Unchanged |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 7.0m $32.5m | Added +3.8m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 3.6m $16.9m | Added +3.4m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 3.1m $14.3m | Added +1.6m |
| Baird Financial Group, Inc. 0.02% of their portfolio | 2.5m $11.5m | Reduced -117.6k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 2.4m $11.3m | Added +2.4m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 2.0m $9.3m | Reduced -2.8m |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 1.6m $7.6m | Added +931.6k |
| UBS Group AG 0.00% of their portfolio | 1.3m $6.3m | Added +811.2k |
| BlackRock, Inc. 0.00% of their portfolio | 1.2m $5.8m | Added +39.0k |
| Old West Investment Management, LLC 0.61% of their portfolio | 1.2m $5.6m | Reduced -658.3k |
| Walleye Capital LLC 0.03% of their portfolio | 1.2m $5.6m | New |
| HRT FINANCIAL LP 0.02% of their portfolio | 1.0m $4.7m | Added +839.0k |
| STATE STREET CORP 0.00% of their portfolio | 986.1k $4.6m | Reduced -10 |
| GROUP ONE TRADING LLC 0.15% of their portfolio | 940.5k $4.4m | Added +662.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 820.2k $3.8m | Added +141.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 730.0k $3.4m | New |
| Legend Capital Advisors LLC 1.88% of their portfolio | 645.5k $3.0m | Added +572.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 597.6k $2.8m | Added +383.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 589.7k $2.8m | First filing |
| Aquatic Capital Management LLC 0.08% of their portfolio | 572.1k $2.7m | New |
| Mirador Capital Partners LP 0.37% of their portfolio | 566.3k $2.6m | Added +52.8k |
| Swiss National Bank 0.00% of their portfolio | 409.1k $1.9m | Added +6.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 370.1k $1.7m | Reduced -1.0k |
| MORGAN STANLEY 0.00% of their portfolio | 357.1k $1.7m | Reduced -389.5k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 339.0k $1.6m | Added +84.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 328.4k $1.5m | New |
| Jump Financial, LLC 0.02% of their portfolio | 310.7k $1.5m | Added +53.1k |
| Verition Fund Management LLC 0.01% of their portfolio | 306.2k $1.4m | Reduced -511.2k |
| IMC-Chicago, LLC 0.02% of their portfolio | 305.7k $1.4m | Added +217.9k |
| Quantbot Technologies LP 0.05% of their portfolio | 276.9k $1.3m | Added +259.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 264.5k $1.2m | Added +73.4k |
| XTX Topco Ltd 0.02% of their portfolio | 239.2k $1.1m | Added +140.0k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 227.3k $1.1m | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 207.6k $969.5k | Added +54.1k |
| Mutual Advisors, LLC 0.02% of their portfolio | 202.1k $943.8k | Reduced -17.2k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 199.3k $930.5k | Added +444 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 194.2k $907.1k | New |
| KIRTLAND HILLS CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 192.1k $1.1m | New |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 171.3k $800.0k | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio | 165.8k $774.2k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 162.0k $756.6k | Added +111.9k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 162.0k $756.4k | Reduced -97.5k |
| Foundations Investment Advisors, LLC 0.01% of their portfolio | 157.2k $734.3k | Reduced -41.5k |
| SLT Holdings LLC 0.52% of their portfolio | 156.7k $731.8k | Reduced -41.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 154.6k $721.8k | Reduced -6.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 150.6k $703.3k | Added +68.3k |
| Independent Advisor Alliance 0.01% of their portfolio | 149.3k $697.2k | Reduced -500 |
| Legal & General Group Plc 0.00% of their portfolio | 149.0k $696.0k | Reduced -19.1k |
| LPL Financial LLC 0.00% of their portfolio | 148.4k $693.1k | Reduced -21.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 144.3k $673.7k | First filing |
| Walleye Trading LLC 0.01% of their portfolio | 142.0k $663.0k | Added +76.7k |
| New Hampshire Trust 0.13% of their portfolio | 133.8k $624.9k | Reduced -50.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 127.1k $593.4k | Reduced -77.5k |
| Headlands Technologies LLC 0.07% of their portfolio | 125.8k $587.4k | New |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 125.1k $584.2k | Added +82.2k |
| EVOKE WEALTH, LLC 0.01% of their portfolio | 125.1k $584.1k | Reduced -3.6k |
| Virtu Financial LLC 0.02% of their portfolio | 109.0k $509.0k | New |
| Advisory Services Network, LLC 0.01% of their portfolio | 104.1k $486.3k | Added +40 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 98.1k $457.6k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 97.9k $457.2k | Added +6.6k |
| Private Advisor Group, LLC 0.00% of their portfolio | 93.4k $436.2k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 86.1k $402.1k | Added +6.0k |
| Trexquant Investment LP 0.00% of their portfolio | 86.0k $401.8k | New |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 75.9k $354.5k | Added +20.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 74.8k $349.3k | Reduced -19.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 69.6k $319.5k | Added +19.8k |
| BECKER CAPITAL MANAGEMENT INC 0.01% of their portfolio | 67.9k $316.9k | Reduced -12.0k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 67.8k $316.7k | Added +23.1k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 65.4k $305.3k | Added +36.3k |
| AXQ CAPITAL, LP 0.04% of their portfolio | 64.1k $299.3k | New |
| Rathbones Group PLC 0.00% of their portfolio | 61.6k $287.8k | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 56.8k $265.2k | Added +107 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 56.2k $262.7k | Reduced -10.0k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 52.9k $247.1k | First filing |
| Optivise Advisory Services LLC 0.15% of their portfolio | 52.8k $246.7k | Added +12.1k |
| FWG Holdings, LLC 0.09% of their portfolio | 52.5k $241.0k | Reduced -55.0k |
| Counterpoint Mutual Funds LLC 0.04% of their portfolio | 51.3k $239.4k | New |
| Magnetar Financial LLC 0.00% of their portfolio | 50.3k $43.8k | New |
| BROWN, LISLE/CUMMINGS, INC. 0.06% of their portfolio | 50.0k $233.5k | Unchanged |
| EP Wealth Advisors, LLC 0.00% of their portfolio | 49.7k $232.1k | Added +38.5k |
| Hubbell Strickland Wealth Management, LLC 0.09% of their portfolio | 49.6k $231.5k | Added +11.1k |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 48.5k $226.5k | Added +4.6k |
| Evelyn Partners Investment Management Services Ltd 0.03% of their portfolio | 47.0k $219.6k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 45.8k $214.0k | Added +1.8k |
| GSA CAPITAL PARTNERS LLP 0.01% of their portfolio | 45.7k $214.0k | Reduced -174.8k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 44.9k $209.7k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 44.8k $209.4k | Reduced -43.8k |
| CARLSON FINANCIAL, INC. 0.12% of their portfolio | 44.8k $209.4k | Added +2.5k |
| Amundi 0.00% of their portfolio | 44.2k $206.3k | Added +5.2k |
| Caitong International Asset Management Co., Ltd 0.04% of their portfolio | 41.1k $192.1k | Added +35.9k |
| OpenArc Corporate Advisory, LLC 0.00% of their portfolio | 40.1k $187.1k | Added +21.1k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 39.6k $184.8k | Added +7.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 38.7k $180.5k | Added +6.8k |
| One Wealth Management Investment & Advisory Services, LLC 0.22% of their portfolio | 38.3k $178.9k | Added +25.8k |
| DRW Securities, LLC 0.01% of their portfolio | 34.3k $160.1k | New |
| Perbak Capital Partners LLP 0.03% of their portfolio | 28.0k $130.6k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 26.8k $124.9k | Added +11.2k |
| FOSTER DYKEMA CABOT & PARTNERS, LLC 0.01% of their portfolio | 25.4k $118.7k | Unchanged |
| MOZAYYX MANAGEMENT LLC 0.12% of their portfolio | 25.0k $116.8k | Reduced -50.0k |