Vault-13

TRIPLE FLAG PRECIOUS METAL TFPM

COM · Common Stock · CUSIP 89679M104 · ISIN CA89679M1041

164 institutional holders +25 vs Q1 2025
172,383,049172.4m shares reported held*
$4.1bnreported value*
37 new 52 added 49 reduced 12 sold out net bought ≈ $57.9m (+2.4m 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $23.70. Options: 7 managers hold calls ($2.4m notional), 6 hold puts ($5.2m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 30Q4 22: 42Q1 23: 83Q2 23: 90Q3 23: 93Q4 23: 96Q1 24: 102Q2 24: 119Q3 24: 122Q4 24: 125Q1 25: 139Q2 25: 164164Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202230
Q4 202242
Q1 202383
Q2 202390
Q3 202393
Q4 202396
Q1 2024102
Q2 2024119
Q3 2024122
Q4 2024125
Q1 2025139
Q2 2025164

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 47 bought or addedQ3 23: 40 cut or sold outQ4 23: 47 bought or addedQ4 23: 35 cut or sold outQ4 23Q1 24: 56 bought or addedQ1 24: 36 cut or sold outQ2 24: 59 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 60 bought or addedQ3 24: 52 cut or sold outQ4 24: 66 bought or addedQ4 24: 46 cut or sold outQ4 24Q1 25: 67 bought or addedQ1 25: 63 cut or sold outQ2 25: 89 bought or addedQ2 25: 61 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234740
Q4 20234735
Q1 20245636
Q2 20245941
Q3 20246052
Q4 20246646
Q1 20256763
Q2 20258961

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 24 calls: $417.4kQ3 24 puts: $721.6kQ3 24P/C 1.73Q4 24 calls: $368.4kQ4 24 puts: $573.0kQ4 24P/C 1.56Q1 25 calls: $380.1kQ1 25 puts: $1.1mQ1 25P/C 2.96Q2 25 calls: $2.4mQ2 25 puts: $5.2mQ2 25P/C 2.22
Numbers
QuarterCallsPutsP/C
Q3 2024$417.4k$721.6k1.73
Q4 2024$368.4k$573.0k1.56
Q1 2025$380.1k$1.1m2.96
Q2 2025$2.4m$5.2m2.22

Biggest buyers

NEUBERGER BERMAN GROUP LLC New +1,100,770+1.1m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +844,765+844.8k
ROYAL BANK OF CANADA Added +562,326+562.3k
Nuveen, LLC Added +556,778+556.8k
MORGAN STANLEY Added +444,424+444.4k
JPMORGAN CHASE & CO Added +264,082+264.1k
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Added +239,670+239.7k
JANE STREET GROUP, LLC Added +213,173+213.2k
GOLDMAN SACHS GROUP INC Added +191,575+191.6k
Hillsdale Investment Management Inc. New +134,300+134.3k

Biggest sellers

Beutel, Goodman & Co Ltd. Reduced -529,190-529.2k
Tidal Investments LLC Reduced -503,514-503.5k
SCS Capital Management LLC Reduced -462,566-462.6k
MONTRUSCO BOLTON INVESTMENTS INC. Sold out -458,770-458.8k
VAN ECK ASSOCIATES CORP Reduced -449,848-449.8k
Ninety One UK Ltd Reduced -361,805-361.8k
Invesco Ltd. Reduced -284,916-284.9k
WHITEBOX ADVISORS LLC Reduced -122,643-122.6k
De Lisle Partners LLP Sold out -119,020-119.0k
BANK OF AMERICA CORP /DE/ Reduced -116,615-116.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $817.3k34.5k shares
WOLVERINE TRADING, LLC New $487.0k21.1k shares
JANE STREET GROUP, LLC New $303.7k12.8k shares
CITADEL ADVISORS LLC Reduced $286.6k12.1k shares
SIMPLEX TRADING, LLC Added $260.0k11.0k shares
GROUP ONE TRADING LLC Added $208.5k8.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $3.6m152.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $826.8k34.9k shares
WOLVERINE TRADING, LLC New $362.4k15.7k shares
GROUP ONE TRADING LLC Added $258.2k10.9k shares
SIMPLEX TRADING, LLC Added $184.0k7.8k 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
Elliott Investment Management L.P. 13D · may seek influence +0.2 pts · filed 2026-06-30
Stated purposeThe information set forth in Item 6 of the Schedule 13D, including, without limitation, information as to the rights and obligations of the Reporting Person pursuant to the terms of the agreements, instruments and other matters described therein, is hereby incorporated by reference. Full filing
64.7% +0.2 pts 133.2m≈ $4.0bn 2026-06-30

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.

None reported in Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Elliott Investment Management L.P. 26.09% of their portfolio WEST PALM BEACH, FL 133,815,727133.8m $3.2bn $3.2bn 26.09% Unchanged
2 FMR LLC 0.01% of their portfolio BOSTON, MA 6,988,8337.0m $165.7m $165.7m 0.01% Reduced -42.6k -42,588
3 WHITEBOX ADVISORS LLC 1.55% of their portfolio MINNEAPOLIS, MN 2,410,0572.4m $57.1m $57.1m 1.55% Reduced -122.6k -122,643
4 VAN ECK ASSOCIATES CORP 0.06% of their portfolio NEW YORK, NY 2,305,8312.3m $54.6m $54.6m 0.06% Reduced -449.8k -449,848
5 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 2,097,7942.1m $49.7m $49.7m 0.04% Added +844.8k +844,765
6 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.09% of their portfolio CAUSEWAY BAY, K3 1,888,6431.9m $44.7m $44.7m 0.09% Added +239.7k +239,670
7 Tidal Investments LLC 0.23% of their portfolio Milwaukee, WI 1,502,6321.5m $35.6m $35.6m 0.23% Reduced -503.5k -503,514
8 Beutel, Goodman & Co Ltd. 0.19% of their portfolio TORONTO, A6 1,402,8801.4m $33.2m $33.2m 0.19% Reduced -529.2k -529,190
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,226,0241.2m $29.0m $29.0m 0.00% Added +444.4k +444,424
10 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 1,100,7701.1m $26.1m $26.1m 0.02% New
11 NORGES BANK 0.00% of their portfolio OSLO, Q8 1,045,8881.0m $24.8m $24.8m 0.00% Unchanged
12 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 964,756964.8k $22.9m $22.9m 0.03% Added +129.5k +129,516
13 Ninety One UK Ltd 0.05% of their portfolio London, X0 824,459824.5k $19.5m $19.5m 0.05% Reduced -361.8k -361,805
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 801,732801.7k $19.0m $19.0m 0.00% Added +562.3k +562,326
15 SPROTT INC. 0.92% of their portfolio TORONTO, A6 775,230775.2k $18.4m $18.4m 0.92% Reduced -11.9k -11,864
16 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 612,618612.6k $14.5m $14.5m 0.01% Added +99.6k +99,598
17 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 611,482611.5k $14.5m $14.5m 0.00% Added +556.8k +556,778
18 Dixon Mitchell Investment Counsel Inc. 0.52% of their portfolio VANCOUVER, A1 563,989564.0k $13.3m $13.3m 0.52% Unchanged
19 JARISLOWSKY, FRASER Ltd 0.07% of their portfolio MONTREAL, A8 526,223526.2k $12.5m $12.5m 0.07% Reduced -21.4k -21,409
20 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 505,592505.6k $12.0m $12.0m 0.01% Reduced -36.7k -36,745
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 497,401497.4k $11.8m $11.8m 0.00% Added +191.6k +191,575
22 STANSBERRY ASSET MANAGEMENT, LLC 1.11% of their portfolio Westlake, TX 429,872429.9k $10.2m $10.2m 1.11% Reduced -13.7k -13,722
23 Amundi 0.00% of their portfolio Paris, I0 423,887423.9k $10.1m $10.1m 0.00% Reduced -105.5k -105,495
24 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 422,500422.5k $10.0m $10.0m 0.02% Reduced -25.7k -25,700
25 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 408,465408.5k $9.7m $9.7m 0.00% Reduced -9.4k -9,440
26 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 363,104363.1k $8.6m $8.6m 0.02% Added +60.2k +60,197
27 Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio VANCOUVER, A1 350,500350.5k $8.3m $8.3m 0.03% Added +117.0k +117,000
28 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 342,358342.4k $8.1m $8.1m 0.01% Reduced -97.5k -97,477
29 SCS Capital Management LLC 0.09% of their portfolio BOSTON, MA 330,047330.0k $7.8m $7.8m 0.09% Reduced -462.6k -462,566
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 299,713299.7k $7.1m $7.1m 0.00% Added +264.1k +264,082
31 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 289,037289.0k $6.8m $6.8m 0.01% Added +66.9k +66,938
32 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 267,640267.6k $6.3m $6.3m 0.00% Added +26.6k +26,569
33 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 253,975254.0k $6.0m $6.0m 0.01% Added +72.1k +72,089
34 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 250,264250.3k $5.9m $5.9m 0.00% Reduced -284.9k -284,916
35 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 230,506230.5k $5.5m $5.5m 0.01% Added +213.2k +213,173
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 222,202222.2k $5.3m $5.3m 0.00% Reduced -10.4k -10,366
37 U S GLOBAL INVESTORS INC 0.59% of their portfolio SAN ANTONIO, TX 209,767209.8k $5.0m $5.0m 0.59% Reduced -4.7k -4,704
38 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 199,565199.6k $4.7m $4.7m 0.00% Added +103.0k +102,985
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 197,838197.8k $4.7m $4.7m 0.00% Reduced -116.6k -116,615
40 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 184,470184.5k $4.4m $4.4m 0.01% Reduced -45.2k -45,199
41 Lummis Asset Management, LP 2.68% of their portfolio FORT WORTH, TX 165,216165.2k $4.1m $4.1m 2.68% Added +33.1k +33,100
42 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 152,300152.3k $3.6m $3.6m 0.00% Added +36.5k +36,500
43 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 151,310151.3k $3.6m $3.6m 0.00% Added +23.0k +22,976
44 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 143,765143.8k $3.4m $3.4m 0.04% Added +121.7k +121,698
45 Hillsdale Investment Management Inc. 0.12% of their portfolio Toronto, A6 134,300134.3k $3.2m $3.2m 0.12% New
46 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 132,529132.5k $3.1m $3.1m 0.01% Added +30.5k +30,499
47 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 121,294121.3k $2.9m $2.9m 0.00% Added +97.0k +97,002
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 118,356118.4k $2.8m $2.8m 0.00% Added +95.5k +95,452
49 Swiss National Bank 0.00% of their portfolio ZURICH, V8 115,865115.9k $2.7m $2.7m 0.00% Reduced -1.9k -1,900
50 Spark Investment Management LLC 7.03% of their portfolio NEW YORK, NY 108,000108.0k $2.6m $2.6m 7.03% New
51 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 103,451103.5k $2.5m $2.5m 0.00% Added +50.3k +50,263
52 Goehring & Rozencwajg Associates, LLC 0.36% of their portfolio NEW YORK, NY 100,088100.1k $2.4m $2.4m 0.36% Reduced -1.8k -1,768
53 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 100,000100.0k $2.4m $2.4m 0.00% Unchanged
54 C WorldWide Group Holding A/S 0.03% of their portfolio COPENHAGEN, G7 99,50699.5k $2.4m $2.4m 0.03% New
55 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 99,46399.5k $2.4m $2.4m 0.00% Reduced -9.2k -9,197
56 Vestcor Inc 0.07% of their portfolio FREDERICTON, A3 94,40094.4k $2.2m $2.2m 0.07% Reduced -16.5k -16,500
57 Merrion Investment Management Co, LLC 1.39% of their portfolio Cranford, NJ 90,22090.2k $2.1m $2.1m 1.39% Unchanged
58 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 81,85681.9k $1.9m $1.9m 0.02% Added +55.9k +55,878
59 Mountain Lake Investment Management LLC 1.54% of their portfolio SAN FRANCISCO, CA 77,97978.0k $1.8m $1.8m 1.54% Added +29.3k +29,288
60 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 74,60074.6k $1.8m $1.8m 0.00% New
61 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 71,96372.0k $1.7m $1.7m 0.00% Reduced -11.3k -11,349
62 Campbell & CO Investment Adviser LLC 0.10% of their portfolio BALTIMORE, MD 67,52067.5k $1.6m $1.6m 0.10% New
63 Penserra Capital Management LLC 0.02% of their portfolio ORINDA, CA 65,29265.3k $1.5m $1.5m 0.02% New
64 Point72 Asia (Singapore) Pte. Ltd. 0.27% of their portfolio SINGAPORE, U0 64,76964.8k $1.5m $1.5m 0.27% New
65 Legal & General Group Plc 0.00% of their portfolio London, X0 61,83161.8k $1.5m $1.5m 0.00% Added +2.4k +2,352
66 Proficio Capital Partners LLC 0.09% of their portfolio NEWTON, MA 58,30058.3k $1.4m $1.4m 0.09% Unchanged
67 CIBC Asset Management Inc 0.00% of their portfolio TORONTO, Z4 57,75957.8k $1.4m $1.4m 0.00% Reduced -17.1k -17,118
68 1832 Asset Management L.P. 0.00% of their portfolio TORONTO, A6 56,93056.9k $1.3m $1.3m 0.00% Reduced -1.3k -1,277
69 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 55,54055.5k $1.3m $1.3m 0.03% Added +46.1k +46,150
70 Arbiter Partners Capital Management LLC 1.13% of their portfolio NEW YORK, NY 54,00054.0k $1.3m $1.3m 1.13% Unchanged
71 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 53,98654.0k $1.3m $1.3m 0.00% Reduced -2.1k -2,060
72 INTACT INVESTMENT MANAGEMENT INC. 0.04% of their portfolio MONTREAL, A8 52,00052.0k $1.2m $1.2m 0.04% Reduced -54.0k -54,000
73 Ascent Group, LLC 0.05% of their portfolio VIRGINIA BEACH, VA 50,88550.9k $1.2m $1.2m 0.05% Added +33.8k +33,816
74 Cove Street Capital, LLC 1.73% of their portfolio El Segundo, CA 49,80049.8k $1.2m $1.2m 1.73% Reduced -20.0k -20,012
75 ALPS ADVISORS INC 0.01% of their portfolio Denver, CO 49,40649.4k $1.2m $1.2m 0.01% Added +8.7k +8,708
76 Jain Global LLC 0.02% of their portfolio NEW YORK, NY 49,09849.1k $1.2m $1.2m 0.02% New
77 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 48,72948.7k $1.2m $1.2m 0.00% New
78 Calydon Capital 0.11% of their portfolio MEMPHIS, TN 48,67048.7k $1.2m $1.2m 0.11% Added +24.4k +24,364
79 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 44,26144.3k $1.0m $1.0m 0.01% Reduced -1.9k -1,875
80 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 39,71039.7k $940.7k $940.7k 0.01% Added +21.3k +21,290
81 Capula Management Ltd 0.02% of their portfolio Grand Cayman, E9 38,80038.8k $1.3m $1.3m 0.02% Not comparable
82 Parvin Asset Management, LLC 0.93% of their portfolio SIOUX FALLS, SD 38,29038.3k $907.1k $907.1k 0.93% Reduced -278 -278
83 Genus Capital Management Inc. 0.11% of their portfolio VANCOUVER, A1 37,70037.7k $892.1k $892.1k 0.11% Unchanged
84 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 36,55836.6k $867.4k $867.4k 0.01% Added +2.7k +2,724
85 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 35,29335.3k $836.1k $836.1k 0.00% Added +6.3k +6,307
86 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 34,05634.1k $811.6k $811.6k 0.00% Reduced -473 -473
87 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 32,28632.3k $762.0k $762.0k 0.00% Reduced -60.6k -60,592
88 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 30,53730.5k $722.7k $722.7k 0.00% Added +2.0k +1,976
89 DRIVE WEALTH MANAGEMENT, LLC 0.16% of their portfolio LEHI, UT 30,27530.3k $717.2k $717.2k 0.16% New
90 WINMILL & CO. INC 0.20% of their portfolio WALPOLE, NH 30,00030.0k $710.7k $710.7k 0.20% New
91 ExodusPoint Capital Management, LP 0.01% of their portfolio NEW YORK, NY 29,50029.5k $699.0k $699.0k 0.01% Added +13.7k +13,700
92 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 25,64725.6k $607.6k $607.6k 0.00% Added +13.9k +13,865
93 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 24,96525.0k $591.4k $591.4k 0.00% Added +13.2k +13,219
94 HORIZON KINETICS ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 22,81122.8k $540.4k $540.4k 0.01% Added +5.3k +5,263
95 Meixler Investment Management, Ltd. 0.37% of their portfolio SHOW LOW, AZ 22,74222.7k $538.8k $538.8k 0.37% Reduced -3.1k -3,083
96 PRELUDE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 21,68221.7k $513.6k $513.6k 0.05% Reduced -31.3k -31,262
97 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 20,33320.3k $481.7k $481.7k 0.00% Reduced -10.0k -9,973
98 SENTRY INVESTMENT MANAGEMENT LLC 0.22% of their portfolio Stevens Point, WI 17,67017.7k $407.0k $407.0k 0.22% Reduced -1.9k -1,914
99 Man Group plc 0.00% of their portfolio LONDON, X0 17,21617.2k $407.8k $407.8k 0.00% New
100 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 16,78416.8k $397.6k $397.6k 0.01% Unchanged