TORM PLC TRMD
SHS CL A · Common Stock · CUSIP G89479102
- SectorIndustrials
- IndustryDeep Sea Foreign Transportation of Freight
- 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 ($266.0k this quarter). Holder counts are more reliable. Shares outstanding: 101.3m as of 2025-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $28.20. Options: 9 managers hold calls ($16.7m notional), 8 hold puts ($13.2m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 56 |
| Q4 2022 | 64 |
| Q1 2023 | 63 |
| Q2 2023 | 69 |
| Q3 2023 | 78 |
| Q4 2023 | 92 |
| Q1 2024 | 120 |
| Q2 2024 | 144 |
| Q3 2024 | 158 |
| Q4 2024 | 117 |
| Q1 2025 | 109 |
| Q2 2025 | 97 |
| Q3 2025 | 102 |
| Q4 2025 | 111 |
| Q1 2026 | 141 |
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 | 101 | 40 |
| Q3 2024 | 84 | 66 |
| Q4 2024 | 66 | 88 |
| Q1 2025 | 51 | 58 |
| Q2 2025 | 47 | 58 |
| Q3 2025 | 59 | 48 |
| Q4 2025 | 66 | 42 |
| Q1 2026 | 97 | 38 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $10.8m | $4.7m | 0.44 |
| Q3 2025 | $12.7m | $3.4m | 0.27 |
| Q4 2025 | $6.6m | $5.1m | 0.78 |
| Q1 2026 | $16.7m | $13.2m | 0.79 |
Biggest buyers
| ACADIAN ASSET MANAGEMENT LLC | New | +1.1m |
| JPMORGAN CHASE & CO | Added | +1.1m |
| D. E. Shaw & Co., Inc. | Added | +498.7k |
| BARCLAYS PLC | Added | +454.2k |
| GOLDMAN SACHS GROUP INC | Added | +400.0k |
| SEI INVESTMENTS CO | New | +276.2k |
| JANE STREET GROUP, LLC | Added | +255.6k |
| CastleKnight Management LP | Added | +229.4k |
| MORGAN STANLEY | Added | +217.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +205.5k |
Biggest sellers
| OAKTREE CAPITAL MANAGEMENT LP | Reduced | -2.6m |
| MILLENNIUM MANAGEMENT LLC | Sold out | -252.8k |
| FEARNLEY ASSET MANAGEMENT AS | Sold out | -202.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -128.8k |
| MOORE CAPITAL MANAGEMENT, LP | Sold out | -125.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -116.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH | Reduced | -59.0k |
| XTX Topco Ltd | Reduced | -50.3k |
| TWO SIGMA ADVISERS, LP | Sold out | -45.9k |
| MARSHALL WACE, LLP | Sold out | -37.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.5m338.9k shares |
| Marnell Management LLC | New | $5.2m185.4k shares |
| CITADEL ADVISORS LLC | Reduced | $627.8k22.5k shares |
| GROUP ONE TRADING LLC | Unchanged | $566.4k20.3k shares |
| IMC-Chicago, LLC | Reduced | $474.3k17.0k shares |
| JANE STREET GROUP, LLC | New | $235.7k8.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $189.7k6.8k shares |
| Walleye Capital LLC | New | $11.2k400 shares |
| Walleye Trading LLC | Reduced | $8.4k300 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.7m239.3k shares |
| CITADEL ADVISORS LLC | Added | $1.9m68.5k shares |
| IMC-Chicago, LLC | Added | $1.1m38.7k shares |
| SIMPLEX TRADING, LLC | Added | $1.0m37.4k shares |
| Walleye Trading LLC | Added | $1.0m36.4k shares |
| GROUP ONE TRADING LLC | Added | $948.6k34.0k shares |
| JANE STREET GROUP, LLC | Added | $539.6k19.0k shares |
| Walleye Capital LLC | Reduced | $2.8k100 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 |
|---|---|
| Oaktree Capital Group Holdings GP, LLC 13D · may seek influence -3.5 pts · filed 2026-06-23 | 19.9% |
| Hafnia Ltd 13D · may seek influence +1.6 pts · filed 2026-09-25 | 19.9% |
Fell to 5% or below in the last year: Oaktree Capital Holdings, LLC (0.0%, 2026-10-07; now reported by Oaktree Capital Group Holdings GP, LLC)
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.
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| OAKTREE CAPITAL MANAGEMENT LP 11.43% of their portfolio | 23.8m $675.1m | Reduced -2.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 3.1m $86.0m | Added +21.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.8m $52.6m | First filing |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 1.1m $31.7m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $30.8m | Added +1.1m |
| BARCLAYS PLC 0.01% of their portfolio | 670.4k $18.7m | Added +454.2k |
| FIL Ltd 0.01% of their portfolio | 641.6k $18.3m | Unchanged |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 602.9k $16.8m | Added +498.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 532.3k $14.9m | Added +400.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 517.4k $14.8m | First filing |
| CastleKnight Management LP 0.56% of their portfolio | 432.3k $12.1m | Added +229.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 420.2k $11.7m | Reduced -116.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 356.6k $10.1m | Added +255.6k |
| UBS Group AG 0.00% of their portfolio | 336.7k $9.4m | Added +175.1k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 307.2k $8.6m | Added +194.0k |
| FOLKETRYGDFONDET 0.14% of their portfolio | 285.6k $8.0m | Added +46.9k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 276.2k $7.7m | New |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 263.4k $7.4m | Added +46.5k |
| MORGAN STANLEY 0.00% of their portfolio | 263.4k $7.3m | Added +217.7k |
| Marnell Management LLC 4.60% of their portfolio | 247.8k $6.9m | Added +1.9k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 247.4k $6.9m | Added +124.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 223.7k $6.4m | Added +205.5k |
| Corigliano Investment Advisers, LLC 2.42% of their portfolio | 222.0k $6.2m | Added +145.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 220.4k $6.2m | Added +176.3k |
| Jump Financial, LLC 0.06% of their portfolio | 153.6k $4.3m | Added +121.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 142.5k $4.0m | Reduced -6.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 130.4k $3.6m | Added +88.3k |
| Swiss National Bank 0.00% of their portfolio | 122.9k $3.5m | Added +6.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 96.7k $2.7m | Reduced -3.2k |
| Tweedy, Browne Co LLC 0.21% of their portfolio | 92.9k $2.6m | Added +44.3k |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 92.9k $2.6m | Added +31.6k |
| Midwest Professional Planners, LTD. 0.60% of their portfolio | 91.5k $2.6m | Added +495 |
| Aquatic Capital Management LLC 0.07% of their portfolio | 90.1k $2.5m | Added +84.1k |
| Legal & General Group Plc 0.00% of their portfolio | 90.0k $2.5m | Added +1.8k |
| CITIGROUP INC 0.00% of their portfolio | 85.5k $2.4m | Added +80.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 78.2k $2.2m | Added +47.4k |
| LPL Financial LLC 0.00% of their portfolio | 74.5k $2.1m | Added +46.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 71.0k $2.0m | Added +34.5k |
| Walleye Capital LLC 0.01% of their portfolio | 69.0k $1.9m | Added +42.5k |
| Susquehanna Portfolio Strategies, LLC 0.03% of their portfolio | 67.7k $1.9m | New |
| Holocene Advisors, LP 0.00% of their portfolio | 67.5k $1.9m | New |
| COMMONS CAPITAL, LLC 1.56% of their portfolio | 67.0k $1.9m | Added +40.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 65.2k $1.8m | New |
| Engineers Gate Manager LP 0.02% of their portfolio | 62.5k $1.7m | New |
| FOX RUN MANAGEMENT, L.L.C. 0.28% of their portfolio | 59.4k $1.6m | Added +41.4k |
| PSI Advisors, LLC 0.39% of their portfolio | 57.7k $1.6m | Reduced -2.0k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 56.4k $1.6m | Added +2.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 55.2k $1.4m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 49.1k $1.4m | Added +3.3k |
| BTG Pactual Asset Management US LLC 0.13% of their portfolio | 48.5k $1.4m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 47.0k $1.3m | First filing |
| HRT FINANCIAL LP 0.00% of their portfolio | 46.9k $1.3m | New |
| Nuveen, LLC 0.00% of their portfolio | 46.7k $1.3m | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 45.2k $1.3m | Added +862 |
| SIMPLEX TRADING, LLC 0.04% of their portfolio | 44.2k $1.2m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 41.0k $1.1m | Added +27.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 40.6k $1.1m | Added +87 |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 39.3k $1.1m | Added +11.2k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 38.3k $1.1m | New |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 38.0k $1.1m | Unchanged |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 38.0k $1.1m | New |
| SBI Securities Co., Ltd. 0.03% of their portfolio | 37.5k $1.0m | Reduced -25.9k |
| PDT Partners, LLC 0.06% of their portfolio | 36.4k $1.0m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio | 34.4k $937.1k | Added +21.2k |
| Marex Group Ltd 0.01% of their portfolio | 34.2k $955.0k | Reduced -6.5k |
| Glenorchy Capital Ltd 0.50% of their portfolio | 33.4k $932.6k | Added +5.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 32.2k $899.5k | Reduced -59.0k |
| Kovack Advisors, Inc. 0.05% of their portfolio | 31.7k $886.5k | Reduced -82 |
| Amundi 0.00% of their portfolio | 29.5k $823.1k | Added +15.2k |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 29.4k $820.2k | Reduced -2.0k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 27.8k $775.1k | New |
| Moody Aldrich Partners LLC 0.14% of their portfolio | 27.3k $772.2k | Unchanged |
| Oceanic Investment Management LTD 0.55% of their portfolio | 23.1k $643.4k | Reduced -23.2k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 22.3k $621.0k | New |
| PEAK6 LLC 0.02% of their portfolio | 21.9k $610.6k | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.04% of their portfolio | 21.4k $695.1k | New |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 21.0k $588.2k | Added +6.5k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 19.4k $549.0k | Added +3.3k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 19.3k $539.6k | Added +4.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 18.7k $520.6k | Added +5.8k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 18.4k $514.3k | Reduced -25 |
| IMC-Chicago, LLC 0.01% of their portfolio | 18.1k $504.4k | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 17.8k $496.3k | New |
| State of Wyoming 0.06% of their portfolio | 17.2k $478.6k | Reduced -5.1k |
| Allianz SE 0.01% of their portfolio | 17.0k $481.4k | New |
| Invesco Ltd. 0.00% of their portfolio | 16.9k $472.7k | Added +1.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 16.5k $461.1k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 16.5k $471.7k | First filing |
| Graham Capital Management, L.P. 0.02% of their portfolio | 16.1k $448.5k | New |
| XTX Topco Ltd 0.01% of their portfolio | 15.5k $433.5k | Reduced -50.3k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 15.2k $430.8k | Added +479 |
| denkapparat Operations GmbH 0.16% of their portfolio | 14.2k $396.5k | New |
| U S GLOBAL INVESTORS INC 0.05% of their portfolio | 14.2k $396.0k | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 14.2k $401.5k | New |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 13.9k $398.1k | First filing |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 11.7k $327.0k | Reduced -2.3k |
| Savant Capital, LLC 0.00% of their portfolio | 11.4k $318.2k | Added +1.0k |
| SUSQUEHANNA ADVISORS GROUP, INC. 0.01% of their portfolio | 11.2k $312.5k | New |
| Walleye Trading LLC 0.01% of their portfolio | 11.1k $310.8k | Reduced -14.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 10.6k $290.2k | Added +9.9k |