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 ($1.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $4.49. Options: 16 managers hold calls ($26.7m notional), 10 hold puts ($19.9m).
Trends to Q2 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 |
| Q2 2026 | 212 |
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 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 |
| Q2 2026 | 105 | 77 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $56.1m | $36.3m | 0.65 |
| Q4 2025 | $130.7m | $37.7m | 0.29 |
| Q1 2026 | $39.9m | $20.9m | 0.52 |
| Q2 2026 | $26.7m | $19.9m | 0.74 |
Biggest buyers
| Anson Funds Management LP | New | +2.6m |
| Yorkville Advisors Global, LP | New | +1.3m |
| Point72 Asset Management, L.P. | Added | +660.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +385.3k |
| Trexquant Investment LP | Added | +372.6k |
| XTX Topco Ltd | Added | +353.6k |
| Amundi | Added | +276.5k |
| Janney Montgomery Scott LLC | New | +258.1k |
| Balyasny Asset Management L.P. | Added | +251.2k |
| BlackRock, Inc. | Added | +239.1k |
Biggest sellers
| JANE STREET GROUP, LLC | Reduced | -4.5m |
| Walleye Capital LLC | Reduced | -852.1k |
| MARSHALL WACE, LLP | Reduced | -847.2k |
| Aquatic Capital Management LLC | Sold out | -572.1k |
| UBS Group AG | Reduced | -483.2k |
| CITADEL ADVISORS LLC | Reduced | -350.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -341.1k |
| Jump Financial, LLC | Sold out | -310.7k |
| Verition Fund Management LLC | Sold out | -306.2k |
| Quantbot Technologies LP | Sold out | -276.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.8m2.7m shares |
| CITADEL ADVISORS LLC | Reduced | $3.7m846.1k shares |
| IMC-Chicago, LLC | Reduced | $3.5m789.0k shares |
| SIMPLEX TRADING, LLC | Added | $3.0m682.9k shares |
| GROUP ONE TRADING LLC | Reduced | $1.9m426.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.2m270.9k shares |
| Walleye Trading LLC | Reduced | $554.2k125.1k shares |
| CITIGROUP INC | Reduced | $443.0k100.0k shares |
| CMT Capital Markets Trading GmbH | New | $199.0k45.0k shares |
| Walleye Capital LLC | Reduced | $147.1k33.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.8m1.5m shares |
| CITADEL ADVISORS LLC | Added | $3.8m847.3k shares |
| UBS Group AG | Reduced | $3.5m788.0k shares |
| IMC-Chicago, LLC | Added | $1.6m369.5k shares |
| GROUP ONE TRADING LLC | Reduced | $1.2m281.9k shares |
| HRT FINANCIAL LP | Added | $1.2m280.1k shares |
| JANE STREET GROUP, LLC | Added | $765.1k172.7k shares |
| SIMPLEX TRADING, LLC | Added | $764.2k172.5k shares |
| Walleye Trading LLC | Reduced | $187.8k42.4k shares |
| Walleye Capital LLC | Reduced | $1.8k400 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2026 | 0 | — | 1 | $133.3k | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-01 | Allseas Group S.A. +4 10% owner | Bought | —7.3m shares |
| 2026-06-02 | May Brendan Director | Sold | $133.3k20.8k 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 2026
| Manager | Shares | Change |
|---|---|---|
| FIRST MANHATTAN CO. LLC. 0.17% of their portfolio | 15.3m $67.8m | Unchanged |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 3.3m $14.5m | Reduced -350.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.9m $13.0m | Reduced -130.2k |
| Anson Funds Management LP 1.07% of their portfolio | 2.6m $11.7m | New |
| Baird Financial Group, Inc. 0.01% of their portfolio | 2.4m $10.8m | Reduced -40.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 2.4m $10.8m | Reduced -4.5m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 2.4m $10.5m | Added +385.3k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 1.7m $7.5m | Added +62.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.6m $7.0m | Reduced -847.2k |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $6.6m | Added +239.1k |
| Yorkville Advisors Global, LP 10.80% of their portfolio | 1.3m $9.3m | New |
| Old West Investment Management, LLC 0.56% of their portfolio | 1.2m $5.3m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 1.1m $5.1m | Added +156.9k |
| GROUP ONE TRADING LLC 0.13% of their portfolio | 1.1m $4.7m | Added +114.8k |
| HRT FINANCIAL LP 0.01% of their portfolio | 982.3k $4.4m | Reduced -21.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 894.4k $4.0m | Added +164.4k |
| UBS Group AG 0.00% of their portfolio | 864.7k $3.8m | Reduced -483.2k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 822.4k $3.6m | Added +660.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 642.9k $2.8m | Added +45.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 635.8k $2.8m | Added +46.2k |
| Mirador Capital Partners LP 0.33% of their portfolio | 613.5k $2.7m | Added +47.2k |
| Legend Capital Advisors LLC 1.48% of their portfolio | 613.3k $2.7m | Reduced -32.2k |
| XTX Topco Ltd 0.03% of their portfolio | 592.8k $2.6m | Added +353.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 479.1k $2.1m | Reduced -341.1k |
| Trexquant Investment LP 0.01% of their portfolio | 458.6k $2.0m | Added +372.6k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 445.4k $2.0m | Added +251.2k |
| MORGAN STANLEY 0.00% of their portfolio | 438.7k $1.9m | Added +81.6k |
| Swiss National Bank 0.00% of their portfolio | 434.7k $1.9m | Added +25.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 372.9k $1.7m | Added +2.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 367.4k $1.6m | Added +39.0k |
| IMC-Chicago, LLC 0.01% of their portfolio | 345.8k $1.5m | Added +40.1k |
| Walleye Capital LLC 0.01% of their portfolio | 344.7k $1.5m | Reduced -852.1k |
| Amundi 0.00% of their portfolio | 320.7k $1.4m | Added +276.5k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 258.1k $1.1m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 240.7k $1.1m | Reduced -23.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 238.5k $1.1m | Added +30.9k |
| Headlands Technologies LLC 0.11% of their portfolio | 229.6k $1.0m | Added +103.9k |
| WINTON GROUP Ltd 0.03% of their portfolio | 220.1k $974.9k | New |
| Walleye Trading LLC 0.01% of their portfolio | 205.4k $909.7k | Added +63.4k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 201.5k $892.5k | Added +156.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 192.9k $854.6k | Added +42.3k |
| KIRTLAND HILLS CAPITAL MANAGEMENT, LLC 0.24% of their portfolio | 192.1k $851.2k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 189.7k $840.2k | Added +114.9k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 185.6k $822.1k | Reduced -13.7k |
| WIM INVESTMENT MANAGEMENT Ltd 0.26% of their portfolio | 178.8k $792.1k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 172.5k $764.2k | Added +17.9k |
| Foundations Investment Advisors, LLC 0.01% of their portfolio | 153.5k $679.9k | Reduced -3.8k |
| Legal & General Group Plc 0.00% of their portfolio | 152.8k $676.7k | Added +3.7k |
| SLT Holdings LLC 0.43% of their portfolio | 152.7k $676.5k | Reduced -4.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 151.6k $641.3k | Added +151.6k |
| LPL Financial LLC 0.00% of their portfolio | 147.5k $653.5k | Reduced -890 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 144.3k $639.1k | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 135.2k $599.0k | Added +96.6k |
| MAI Capital Management 0.00% of their portfolio | 125.9k $557.6k | Added +125.8k |
| Independent Advisor Alliance 0.01% of their portfolio | 124.4k $551.1k | Reduced -24.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 122.1k $541.1k | Reduced -4.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 114.8k $508.6k | Reduced -224.1k |
| Advisory Services Network, LLC 0.01% of their portfolio | 106.4k $471.2k | Added +2.2k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 100.6k $445.8k | Reduced -65.2k |
| Centiva Capital, LP 0.01% of their portfolio | 100.0k $443.0k | New |
| Jupiter Topco LLC 0.00% of their portfolio | 98.1k $434.1k | First filing |
| Cetera Investment Advisers 0.00% of their portfolio | 94.1k $417.0k | Reduced -3.8k |
| Engineers Gate Manager LP 0.01% of their portfolio | 90.6k $401.6k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 82.0k $363.4k | Reduced -4.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 80.0k $354.3k | Added +23.7k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 79.1k $350.0k | New |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 79.1k $350.2k | Added +11.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 74.6k $313.9k | Added +5.0k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 74.4k $329.6k | Reduced -1.5k |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 70.9k $314.1k | Added +22.4k |
| BECKER CAPITAL MANAGEMENT INC 0.01% of their portfolio | 67.9k $300.6k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 60.1k $266.4k | Reduced -101.9k |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 59.8k $264.8k | Added +3.0k |
| nVerses Capital, LLC 0.39% of their portfolio | 57.8k $256.1k | Added +37.3k |
| Virtu Financial LLC 0.01% of their portfolio | 57.0k $253.0k | Reduced -52.0k |
| Optivise Advisory Services LLC 0.12% of their portfolio | 53.1k $235.1k | Added +250 |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 52.9k $234.4k | Unchanged |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 51.1k $226.4k | Reduced -74.0k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio | 51.0k $225.7k | New |
| Man Group plc 0.00% of their portfolio | 50.1k $222.1k | New |
| Hubbell Strickland Wealth Management, LLC 0.08% of their portfolio | 49.6k $219.6k | Unchanged |
| CARLSON FINANCIAL, INC. 0.11% of their portfolio | 46.9k $207.9k | Added +2.1k |
| Nuveen, LLC 0.00% of their portfolio | 46.5k $206.0k | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 44.9k $198.9k | Unchanged |
| OpenArc Corporate Advisory, LLC 0.00% of their portfolio | 43.0k $190.7k | Added +3.0k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 40.8k $180.9k | Reduced -24.5k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 39.6k $175.3k | Unchanged |
| One Wealth Management Investment & Advisory Services, LLC 0.18% of their portfolio | 38.6k $171.0k | Added +290 |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 34.7k $147.5k | Added +9.8k |
| Rathbones Group PLC 0.00% of their portfolio | 34.3k $152.0k | Reduced -27.3k |
| TWO SIGMA SECURITIES, LLC 0.01% of their portfolio | 33.8k $149.5k | New |
| Creative Planning 0.00% of their portfolio | 29.5k $130.6k | Added +7.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 29.2k $129.3k | Added +10.1k |
| New Hampshire Trust 0.02% of their portfolio | 28.9k $128.2k | Reduced -104.9k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 27.7k $122.0k | Added +16.9k |
| FOSTER DYKEMA CABOT & PARTNERS, LLC 0.01% of their portfolio | 25.4k $112.6k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 25.2k $112.0k | Reduced -20.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 24.6k $109.0k | Added +3.5k |
| &PARTNERS 0.00% of their portfolio | 23.6k $104.7k | Added +10.5k |
| Advisory Alpha, LLC 0.00% of their portfolio | 23.6k $104.7k | Unchanged |