Trilogy Metals Inc.
Trilogy Metals Inc. (TMQ) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · TMQ · as of Sep 30, 2025
Ownership Breakdown
71
Institutional Holders
▲ 5 vs Q2
$105.91M
Total Inst. Value
▲ $44.76M vs Q2
172.55M
Shares Outstanding
freeFloat 63.58%
46.56M
13F Shares Held
▲ 1.28M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
TMQ largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
PAULSON & CO. INC. gold and silver ores | 14.33M | 8.72% | 8.72% | $30.09B | Nov 14, 2025 | — held |
OLD WEST INVESTMENT MANAGEMENT, LLC gold and silver ores | 12.17M | 7.41% | 7.41% | $25.55B | Nov 5, 2025 | ▲ 1.07M |
TSP CAPITAL MANAGEMENT GROUP, LLC gold and silver ores | 6.71M | 4.09% | 4.09% | $14.10B | Oct 22, 2025 | ▲ 562.5K |
TOROSO INVESTMENTS, LLC gold and silver ores | 3.63M | 2.21% | 2.21% | $7.61B | Nov 14, 2025 | ▲ 899.7K |
GOEHRING & ROZENCWAJG ASSOCIATES, LLC gold and silver ores | 1.34M | 81.48% | 81.48% | $2.85B | Nov 10, 2025 | ▲ 58.8K |
DLD ASSET MANAGEMENT, LP gold and silver ores | 1.21M | 73.90% | 73.90% | $2.54B | Nov 14, 2025 | NEW |
ENVESTNET ASSET MANAGEMENT INC gold and silver ores | 1.01M | 61.70% | 61.70% | $2.13B | Nov 5, 2025 | ▲ 451.4K |
BORNITE CAPITAL MANAGEMENT LP gold and silver ores | 1.00M | 60.88% | 60.88% | $2.10B | Nov 7, 2025 | — held |
WEXFORD CAPITAL LP gold and silver ores | 714.4K | 43.49% | 43.49% | $1.50B | Nov 14, 2025 | ▼ 2.76M |
DLD ASSET MANAGEMENT, LP gold and silver ores | 594.0K | 36.16% | 36.16% | $1.25B | Nov 14, 2025 | ▲ 294.0K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
25
Increased
+4.47M shares7
New Positions
first time holders11
Decreased
−3.64M shares0
Sold Out
fully exitedNet shares change (top 50)
+834.7K
+4.47M / −3.64M
Net new holders
+21
7 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
TMQ insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
3
Buy transactions
3
Sell transactions
1.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
WALTERS DIANA J director | Jun 1, 2026 | Award | 791.68 | — | — | 556.7K | Form 4 ↗ |
Hensley William L. Iggiagruk director | May 8, 2026 | Sale | 50,000 | $4.44 | $222.0K | 18.5K | Form 4 ↗ |
WALTERS DIANA J director | Mar 2, 2026 | Award | 814.12 | — | — | 555.9K | Form 4 ↗ |
Hensley William L. Iggiagruk director | Feb 26, 2026 | Sale | 25,107 | $4.40 | $110.5K | 18.5K | Form 4 ↗ |
KAPLAN THOMAS SCOTT 10 percent owner | Dec 26, 2025 | Gift | 416,666 | — | — | 0 | Form 4 ↗ |
Sanders Elaine VP & CFO | Dec 11, 2025 | Award | 260,000 | $4.61 | $1.20M | 260.0K | Form 4 ↗ |
Sanders Elaine VP & CFO | Dec 11, 2025 | Award | 45,000 | — | — | 45.0K | Form 4 ↗ |
Giardini Tony President & CEO | Dec 11, 2025 | Award | 360,000 | $4.61 | $1.66M | 360.0K | Form 4 ↗ |
Giardini Tony President & CEO | Dec 11, 2025 | Award | 180,000 | — | — | 180.0K | Form 4 ↗ |
WALTERS DIANA J director | Dec 11, 2025 | Award | 50,000 | $4.61 | $230.5K | 50.0K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Trilogy Metals Inc. (TMQ) is primarily owned by institutional investors, who hold approximately 27.0% of total shares outstanding. Company insiders own approximately 36.42%, while retail and public investors account for the remaining 36.60%.
The largest institutional shareholder of Trilogy Metals Inc. is PAULSON & CO. INC., holding approximately 14.33 million shares — equal to 8.72% of outstanding shares — as of September 30, 2025.
A total of 71 institutional investors currently hold TMQ stock, with a combined institutional value of approximately $105,909,033 as of the most recent 13F filing period.
Frequently asked questions
TMQ ownershipTrilogy Metals Inc. (TMQ) is primarily owned by institutional investors, who hold approximately 27.0% of shares. The largest shareholder is PAULSON & CO. INC. with a 8.72% stake. Company insiders hold 36.42%. Data sourced from SEC Form 13F as of September 30, 2025.