Vault-13

TMC THE METALS COMPANY INC

*W EXP 09/09/202 · CUSIP 87261Y114

10 institutional holders -2 vs Q1 2026
4,225,6444.2m shares reported held*
$4.1mreported value*
1 new 1 added 2 reduced 3 sold out net sold ≈ $29.3k (-194.9k 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 ≈ $0.98. Options: 1 managers hold calls ($67.5k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01020Q3 22: 20Q4 22: 18Q1 23: 14Q2 23: 11Q3 23: 16Q4 23: 10Q1 24: 13Q2 24: 13Q3 24: 13Q4 24: 9Q1 25: 9Q2 25: 14Q3 25: 10Q4 25: 11Q1 26: 12Q2 26: 1010Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202220
Q4 202218
Q1 202314
Q2 202311
Q3 202316
Q4 202310
Q1 202413
Q2 202413
Q3 202413
Q4 20249
Q1 20259
Q2 202514
Q3 202510
Q4 202511
Q1 202612
Q2 202610

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 24: 1 bought or addedQ3 24: 3 cut or sold outQ4 24: 1 bought or addedQ4 24: 6 cut or sold outQ4 24Q1 25: 1 bought or addedQ1 25: 2 cut or sold outQ2 25: 7 bought or addedQ2 25: 1 cut or sold outQ2 25Q3 25: 5 bought or addedQ3 25: 8 cut or sold outQ4 25: 7 bought or addedQ4 25: 4 cut or sold outQ4 25Q1 26: 9 bought or addedQ1 26: 1 cut or sold outQ2 26: 2 bought or addedQ2 26: 5 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202413
Q4 202416
Q1 202512
Q2 202571
Q3 202558
Q4 202574
Q1 202691
Q2 202625

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 25 calls: $472.5kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $580.5kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $146.3kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $67.5kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$472.5k$00.00
Q4 2025$580.5k$00.00
Q1 2026$146.3k$00.00
Q2 2026$67.5k$00.00

Biggest buyers

BOOTHBAY FUND MANAGEMENT, LLC Added +150,000+150.0k
UBS Group AG New +12,360+12.4k

Biggest sellers

Ionic Capital Management LLC Sold out -160,187-160.2k
WOLVERINE ASSET MANAGEMENT LLC Reduced -86,912-86.9k
HRT FINANCIAL LP Reduced -67,807-67.8k
Virtu Financial LLC Sold out -28,886-28.9k
TWO SIGMA SECURITIES, LLC Sold out -13,502-13.5k

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $67.5k450.0k shares

Biggest puts

None

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.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LMR Partners LLP 0.00% of their portfolio LONDON, X0 1,994,7822.0m $299.4k $299.4k 0.00% Unchanged
2 Caption Management, LLC 0.00% of their portfolio OKLAHOMA CITY, OK 932,593932.6k $140.0k $140.0k 0.00% Unchanged
3 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 780,000780.0k $3.5m $3.5m 0.06% Added +150.0k +150,000
4 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 374,522374.5k $54.3k $54.3k 0.00% Unchanged
5 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 67,50067.5k $10.1k $10.1k 0.00% Unchanged
6 Oasis Management Co Ltd. 0.02% of their portfolio GRAND CAYMAN, E9 37,70037.7k $167.0k $167.0k 0.02% Unchanged
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 12,36012.4k $1.9k $1.9k 0.00% New
8 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 11,05811.1k $1.0k $1.0k 0.00% Reduced -67.8k -67,807
9 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 7,6297.6k $1.1k $1.1k 0.00% Reduced -86.9k -86,912
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 7,5007.5k $1.1k $1.1k 0.00% Unchanged