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. Holder counts are more reliable. Implied quarter-end price ≈ $26.07. Options: 8 managers hold calls ($16.3m notional), 8 hold puts ($60.3m).
Trends to Q2 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 |
| Q2 2026 | 151 |
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 | 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 |
| Q2 2026 | 94 | 61 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $12.7m | $3.4m | 0.27 |
| Q4 2025 | $6.6m | $5.1m | 0.78 |
| Q1 2026 | $16.7m | $13.2m | 0.79 |
| Q2 2026 | $16.3m | $60.3m | 3.71 |
Biggest buyers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +975.0k |
| BARCLAYS PLC | Added | +841.8k |
| D. E. Shaw & Co., Inc. | Added | +529.2k |
| CastleKnight Management LP | Added | +517.4k |
| CITADEL ADVISORS LLC | Added | +439.0k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +403.1k |
| JPMORGAN CHASE & CO | Added | +396.8k |
| JANE STREET GROUP, LLC | Added | +373.8k |
| Qube Research & Technologies Ltd | Added | +281.9k |
| Assenagon Asset Management S.A. | New | +204.2k |
Biggest sellers
| OAKTREE CAPITAL MANAGEMENT LP | Reduced | -3.5m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -143.4k |
| Jump Financial, LLC | Reduced | -137.1k |
| Tweedy, Browne Co LLC | Sold out | -92.9k |
| EXCHANGE TRADED CONCEPTS, LLC | Sold out | -92.9k |
| Aquatic Capital Management LLC | Sold out | -90.1k |
| Holocene Advisors, LP | Sold out | -67.5k |
| FOX RUN MANAGEMENT, L.L.C. | Sold out | -59.4k |
| SIMPLEX TRADING, LLC | Sold out | -44.2k |
| BOOTHBAY FUND MANAGEMENT, LLC | Sold out | -40.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.2m393.1k shares |
| CITADEL ADVISORS LLC | Added | $2.0m76.1k shares |
| GROUP ONE TRADING LLC | Added | $1.1m41.1k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m41.0k shares |
| JANE STREET GROUP, LLC | Added | $966.2k37.5k shares |
| IMC-Chicago, LLC | Added | $693.2k26.6k shares |
| TUDOR INVESTMENT CORP ET AL | New | $229.3k8.8k shares |
| Walleye Trading LLC | Unchanged | $7.8k300 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $38.8m1.5m shares |
| JANE STREET GROUP, LLC | Added | $12.9m502.6k shares |
| IMC-Chicago, LLC | Added | $3.9m147.9k shares |
| CITADEL ADVISORS LLC | Added | $3.4m128.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $604.6k23.2k shares |
| GROUP ONE TRADING LLC | Reduced | $346.6k13.3k shares |
| Walleye Trading LLC | Reduced | $341.4k13.1k shares |
| FNY Investment Advisers, LLC | New | $7.0k300 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 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 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 1 | $17.6m | — |
| Q3 2026 | 1 | — | 1 | $1.6m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-22 | Balle Kim Chief Financial Officer | Sold | $273.8k7.5k shares |
| 2026-09-21 | Balle Kim Chief Financial Officer | Sold | $586.2k15.0k shares |
| 2026-09-18 | Balle Kim Chief Financial Officer | Sold | $783.2k20.0k shares |
| 2026-08-27 | Balle Kim Chief Financial Officer · By Spouse | Bought | —254 shares |
| 2026-05-20 | Meldgaard Jacob Balslev Chief Executive Officer, director | Sold | $5.5m170.1k shares |
| 2026-05-18 | Meldgaard Jacob Balslev Chief Executive Officer, director | Sold | $12.1m379.0k 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 |
|---|---|---|
| OAKTREE CAPITAL MANAGEMENT LP 9.87% of their portfolio | 20.3m $524.3m | Reduced -3.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 3.1m $80.6m | Added +42.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.0m $51.3m | Added +144.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 1.5m $40.1m | Added +403.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.5m $40.0m | Added +396.8k |
| BARCLAYS PLC 0.01% of their portfolio | 1.5m $39.4m | Added +841.8k |
| NORGES BANK 0.00% of their portfolio | 1.2m $31.9m | Not comparable |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.1m $29.5m | Added +529.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 991.6k $25.8m | Added +975.0k |
| CastleKnight Management LP 0.90% of their portfolio | 949.7k $24.7m | Added +517.4k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 730.4k $18.8m | Added +373.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 659.4k $17.2m | Added +439.0k |
| FIL Ltd 0.01% of their portfolio | 641.6k $16.5m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 560.1k $14.5m | Added +42.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 545.4k $14.2m | Added +281.9k |
| UBS Group AG 0.00% of their portfolio | 532.5k $13.9m | Added +195.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 513.1k $13.4m | Reduced -19.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 359.8k $9.4m | Added +52.6k |
| MORGAN STANLEY 0.00% of their portfolio | 301.8k $7.9m | Added +38.4k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 295.2k $7.7m | Added +47.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 285.9k $7.4m | Added +62.2k |
| FOLKETRYGDFONDET 0.16% of their portfolio | 285.6k $7.4m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 276.8k $7.2m | Reduced -143.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 276.8k $7.2m | Added +601 |
| Marnell Management LLC 3.48% of their portfolio | 262.9k $6.9m | Added +15.1k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 204.2k $5.3m | New |
| XTX Topco Ltd 0.06% of their portfolio | 164.9k $4.3m | Added +149.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 145.8k $3.8m | Added +3.4k |
| Swiss National Bank 0.00% of their portfolio | 122.9k $3.2m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 99.4k $2.6m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 97.1k $2.5m | Added +370 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 96.7k $2.5m | Reduced -33.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 91.1k $2.1m | Added +35.9k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 91.0k $2.4m | Added +52.8k |
| Quantbot Technologies LP 0.09% of their portfolio | 91.0k $2.4m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 90.9k $2.4m | New |
| LPL Financial LLC 0.00% of their portfolio | 90.1k $2.3m | Added +15.6k |
| GeoSphere Capital Management, LLC 1.22% of their portfolio | 90.0k $2.3m | New |
| Midwest Professional Planners, LTD. 0.45% of their portfolio | 87.3k $2.3m | Reduced -4.2k |
| Legal & General Group Plc 0.00% of their portfolio | 84.9k $2.2m | Reduced -5.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 78.9k $2.1m | Added +700 |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.11% of their portfolio | 76.1k $2.0m | Added +54.8k |
| Susquehanna Portfolio Strategies, LLC 0.03% of their portfolio | 75.1k $2.0m | Added +7.4k |
| Walleye Capital LLC 0.01% of their portfolio | 74.2k $1.9m | Added +5.2k |
| Quadrature Capital Ltd 0.02% of their portfolio | 72.9k $1.9m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 67.8k $1.7m | Added +29.8k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 65.0k $1.7m | Reduced -156 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 62.4k $1.6m | Added +30.2k |
| CITIGROUP INC 0.00% of their portfolio | 60.8k $1.6m | Reduced -24.8k |
| Trexquant Investment LP 0.01% of their portfolio | 58.8k $1.5m | New |
| PSI Advisors, LLC 0.35% of their portfolio | 58.0k $1.5m | Added +264 |
| Engineers Gate Manager LP 0.02% of their portfolio | 56.8k $1.5m | Reduced -5.8k |
| Persistent Asset Partners Ltd 0.46% of their portfolio | 56.2k $1.5m | New |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 55.8k $9.4m | Reduced -563 |
| Amundi 0.00% of their portfolio | 48.7k $1.3m | Added +19.1k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 47.5k $1.2m | Added +19.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 47.0k $1.2m | Unchanged |
| Hudson Bay Capital Management LP 0.01% of their portfolio | 46.6k $1.2m | New |
| SPROTT INC. 0.04% of their portfolio | 46.4k $1.2m | New |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 46.1k $1.2m | Added +6.8k |
| Mariner, LLC 0.00% of their portfolio | 44.0k $1.1m | Reduced -1.1k |
| BTG Pactual Asset Management US LLC 0.08% of their portfolio | 43.3k $1.1m | Reduced -5.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 43.1k $1.1m | Reduced -6.0k |
| Nuveen, LLC 0.00% of their portfolio | 42.8k $1.1m | Reduced -3.9k |
| Marex Group Ltd 0.01% of their portfolio | 39.4k $1.0m | Added +5.2k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 38.0k $1.1m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 36.7k $958.0k | Reduced -34.2k |
| FNY Investment Advisers, LLC 0.34% of their portfolio | 36.1k $940.0k | New |
| Glenorchy Capital Ltd 0.57% of their portfolio | 34.9k $909.4k | Added +1.5k |
| Campbell & CO Investment Adviser LLC 0.04% of their portfolio | 31.6k $823.7k | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 30.6k $789.7k | Added +16.4k |
| Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio | 30.2k $787.7k | Added +830 |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 28.9k $757.4k | Added +7.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 28.3k $738.5k | Reduced -12.6k |
| SBI Securities Co., Ltd. 0.02% of their portfolio | 27.3k $712.5k | Reduced -10.2k |
| COMMONS CAPITAL, LLC 0.49% of their portfolio | 27.0k $703.6k | Reduced -40.0k |
| HRT FINANCIAL LP 0.00% of their portfolio | 26.9k $700.0k | Reduced -20.0k |
| PDT Partners, LLC 0.03% of their portfolio | 25.5k $657.2k | Reduced -10.9k |
| IMC-Chicago, LLC 0.01% of their portfolio | 25.3k $658.7k | Added +7.2k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.03% of their portfolio | 24.2k $629.4k | New |
| Vident Advisory, LLC 0.00% of their portfolio | 23.7k $618.0k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 23.7k $618.0k | Added +12.0k |
| Savant Capital, LLC 0.00% of their portfolio | 23.3k $627.8k | Added +11.9k |
| denkapparat Operations GmbH 0.20% of their portfolio | 23.3k $606.6k | Added +9.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 23.1k $596.9k | Added +3.8k |
| Squarepoint Ops LLC 0.00% of their portfolio | 22.2k $578.9k | Added +14.3k |
| Cetera Investment Advisers 0.00% of their portfolio | 20.5k $534.1k | Added +1.8k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 19.9k $513.1k | Added +3.4k |
| Moody Aldrich Partners LLC 0.09% of their portfolio | 19.3k $496.5k | Reduced -8.0k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 16.9k $441.6k | Reduced -1.5k |
| Jump Financial, LLC 0.00% of their portfolio | 16.4k $428.1k | Reduced -137.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 16.4k $426.3k | Reduced -1.4k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 15.8k $408.2k | Added +1.9k |
| Invesco Ltd. 0.00% of their portfolio | 15.4k $400.4k | Reduced -1.6k |
| Headlands Technologies LLC 0.04% of their portfolio | 15.1k $394.3k | Added +6.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 14.5k $378.4k | Added +14.2k |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 13.9k $363.0k | New |
| State of Wyoming 0.04% of their portfolio | 13.8k $358.6k | Reduced -3.4k |
| SMA Capital LLC 0.14% of their portfolio | 13.2k $343.5k | New |
| Massar Capital Management, LP 0.11% of their portfolio | 12.6k $328.0k | New |