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Trilogy Metals Inc.

TMQ
Exchange
NYSE
Industry
Gold and Silver Ores
SEC CIK
0001543418

In the last 90 days, Trilogy Metals Inc. insiders filed 0 open-market purchases and 1 sale; 147 institutions reported holding it in 13F filings for Q2 2026, worth $239.3M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Trilogy Metals Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
125
+60 vs. Q3 2025
Shares held
64.8M
+18.4M (+39.5%) vs. Q3 2025
Total value
$308.4M
+$210.8M (+215.9%) vs. Q3 2025
New holders
73
25 more added
Sold out
13
15 more reduced

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TMQ on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 125 institutions
Q1 2021: 56 institutionsQ2 2021: 57 institutionsQ3 2021: 47 institutionsQ4 2021: 48 institutionsQ1 2022: 49 institutionsQ2 2022: 48 institutionsQ3 2022: 40 institutionsQ4 2022: 51 institutionsQ1 2023: 46 institutionsQ2 2023: 46 institutionsQ3 2023: 50 institutionsQ4 2023: 46 institutionsQ1 2024: 52 institutionsQ2 2024: 42 institutionsQ3 2024: 49 institutionsQ4 2024: 51 institutionsQ1 2025: 61 institutionsQ2 2025: 62 institutionsQ3 2025: 66 institutionsQ4 2025: 125 institutionsQ1 2026: 147 institutionsQ2 2026: 147 institutions
Value heldQ4 2025: $308.4M
Q1 2021: $76.5MQ2 2021: $92.5MQ3 2021: $69.0MQ4 2021: $60.6MQ1 2022: $36.1MQ2 2022: $24.8MQ3 2022: $19.6MQ4 2022: $17.4MQ1 2023: $15.3MQ2 2023: $16.7MQ3 2023: $13.5MQ4 2023: $11.5MQ1 2024: $14.1MQ2 2024: $16.0MQ3 2024: $18.5MQ4 2024: $50.8MQ1 2025: $79.3MQ2 2025: $61.1MQ3 2025: $97.8MQ4 2025: $308.4MQ1 2026: $250.4MQ2 2026: $239.3M
Institutions holding TMQ and their total value by quarter
QuarterHoldersValue
Q2 2026147$239.3M
Q1 2026147$250.4M
Q4 2025125$308.4M
Q3 202566$97.8M
Q2 202562$61.1M
Q1 202561$79.3M
Q4 202451$50.8M
Q3 202449$18.5M
Q2 202442$16.0M
Q1 202452$14.1M
Q4 202346$11.5M
Q3 202350$13.5M
Q2 202346$16.7M
Q1 202346$15.3M
Q4 202251$17.4M
Q3 202240$19.6M
Q2 202248$24.8M
Q1 202249$36.1M
Q4 202148$60.6M
Q3 202147$69.0M
Q2 202157$92.5M
Q1 202156$76.5M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Trilogy Metals Inc.; share changes are against Q3 2025.

Institutions holding TMQ in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Electrum Group LLC31,604,741$136.2M11.89%+31,604,741New
Toroso Investments, LLC18,752,440$80.8M0.34%+15,127,311+417.3%Added
TSP Capital Management Group, LLC–$29.0M7.09%––
Old West Investment Management, LLC4,679,087$20.2M3.60%−7,486,465−61.5%Reduced
Goehring & Rozencwajg Associates, LLC1,408,204$6.10M0.60%+69,883+5.2%Added
Jane Street Group, LLC941,892$4.06M0.00%+492,846+109.8%Added
Envestnet Asset Management Inc925,740$3.99M0.00%−87,777−8.7%Reduced
Alps Advisors Inc674,396$2.91M0.02%+288,935+75.0%Added
Susquehanna International Group, LLP655,971$2.83M0.00%+591,453+916.7%Added
Bank of America Corp357,328$1.54M0.00%+239,281+202.7%Added
Millennium Management LLC328,446$1.42M0.00%−73,222−18.2%Reduced
Two Sigma Investments, LP325,091$1.40M0.00%−1,630−0.5%Reduced
BlackRock, Inc.282,584$1.22M0.00%+282,584New
Walleye Capital LLC254,411$1.10M0.01%+195,605+332.6%Added
Manufacturers Life Insurance Company, The245,439$1.06M0.00%−158,660−39.3%Reduced
Swiss National Bank212,100$914.2K0.00%+212,100New
Morgan Stanley198,430$855.2K0.00%+146,259+280.3%Added
Legacy Capital Group California, Inc.174,649$752.7K0.18%−108,597−38.3%Reduced
State Street Corp168,538$726.4K0.00%+168,538New
Goldman Sachs Group Inc159,914$689.2K0.00%+40,857+34.3%Added
Point72 Asset Management, L.P.141,900$611.6K0.00%+141,900New
TD Asset Management Inc135,888$588.9K0.00%+135,888New
Sprott Inc.135,566$584.3K0.02%−82,033−37.7%Reduced
Vanguard Group Inc99,298$429.7K0.00%+99,298New
Mackenzie Financial Corp96,699$416.4K0.00%+96,699New
California State Teachers Retirement System96,400$415.5K0.00%+96,400New
Legal & General Group Plc87,195$375.8K0.00%+87,195New
Rockefeller Capital Management L.P.87,049$375.2K0.00%+74,049+569.6%Added
Rangeley Capital, LLC87,000$375.0K0.32%00.0%Unchanged
Quantbot Technologies LP86,910$374.6K0.01%+86,910New
UBS Group AG71,308$307.3K0.00%+71,298+712,980.0%Added
Dynamic Technology Lab Private Ltd66,875$288.0K0.07%+66,875New
Marshall Wace, LLP64,657$278.7K0.00%+6,100+10.4%Added
Zurcher Kantonalbank (Zurich Cantonalbank)60,677$261.5K0.00%+60,677New
LPL Financial LLC54,506$234.9K0.00%+25,922+90.7%Added
Janus Henderson Group PLC51,800$223.0K0.00%+51,800New
Targeted Financial Services LLC51,302$221.1K0.19%+51,302New
IMC-Chicago, LLC49,083$211.5K0.00%+49,083New
Total Wealth Planning & Management, Inc.45,220$194.9K0.15%+45,220New
Legacy Capital Wealth Management, LLC43,107$185.8K0.11%+43,107New
Cambridge Investment Research Advisors, Inc.42,950$185.0K0.00%+42,950New
Wiley Bros.-Aintree Capital, LLC39,866$171.8K0.00%−11,152−21.9%Reduced
Northern Trust Corp35,075$151.2K0.00%+35,075New
Osbon Capital Management LLC31,437$135.5K0.13%+31,437New
KLP Kapitalforvaltning AS31,000$133.6K0.00%+31,000New
Arizona State Retirement System29,923$129.0K0.00%+29,923New
Caitong International Asset Management Co., Ltd28,678$123.6K0.03%+28,678New
Great West Life Assurance Co28,202$121.0K0.00%+28,202New
Dimensional Fund Advisors LP27,514$118.6K0.00%+5,821+26.8%Added
Stifel Financial Corp25,625$110.4K0.00%+25,625New
Citigroup Inc24,041$104.2K0.00%+24,041New
Advisor Group Holdings, Inc.22,685$97.8K0.00%+22,669+141,681.3%Added
RSM US Wealth Management LLC22,500$97.0K0.00%+22,500New
Two Sigma Securities, LLC21,947$94.6K0.01%+21,947New
Virtu Financial LLC21,207$91.0K0.00%+8,337+64.8%Added
Cypress Wealth Services, LLC21,100$90.9K0.01%+1,500+7.7%Added
Raymond James Financial Inc21,015$90.6K0.00%+10,971+109.2%Added
Engineers Gate Manager LP20,682$89.1K0.00%+20,682New
Scientech Research LLC20,626$88.9K0.06%+20,626New
Parallel Advisors, LLC20,325$87.6K0.00%+20,325New
Pathstone Holdings, LLC20,000$86.2K0.00%00.0%Unchanged
Pictet Asset Management Holding SA19,576$84.4K0.00%+19,576New
Citadel Advisors LLC16,044$69.2K0.00%−275,716−94.5%Reduced
Winton Group Ltd15,990$68.9K0.00%+15,990New
Pettinga Financial Advisors, LLC15,233$65.7K0.01%+15,233New
IPG Investment Advisors LLC14,850$64.0K0.01%00.0%Unchanged
MAI Capital Management14,800$63.8K0.00%+14,800New
Jump Financial, LLC14,035$60.5K0.00%+14,035New
Captrust Financial Advisors13,256$57.1K0.00%+13,256New
Cetera Investment Advisers12,603$54.3K0.00%+12,603New
Silverlake Wealth Management LLC12,244$52.8K0.01%+12,244New
Spire Wealth Management12,114$52.2K0.00%−6,660−35.5%Reduced
Integrated Wealth Concepts LLC10,500$45.3K0.00%+500+5.0%Added
American Century Companies Inc10,294$44.5K0.00%+10,294New
Tradition Wealth Management, LLC10,000$43.1K0.00%+10,000New
Leonteq Securities AG10,000$43.0K0.00%+10,000New
Tower Research Capital LLC (TRC)9,751$42.0K0.00%+9,751New
Avion Wealth8,400$36.0K0.01%00.0%Unchanged
Jones Financial Companies LLLP7,882$34.0K0.00%+7,882New
AdvisorNet Financial, Inc7,837$33.8K0.00%−3,048−28.0%Reduced
State of Wyoming7,534$32.5K0.00%+7,534New
Federation des caisses Desjardins du Quebec7,223$30.9K0.00%−7,978−52.5%Reduced
SBI Securities Co., Ltd.4,804$20.7K0.00%+4,804New
Royal Bank of Canada4,469$19.0K0.00%+4,461+55,762.5%Added
Barclays PLC3,342$14.4K0.00%+3,342New
Group One Trading, L.P.2,771$11.9K0.00%−76,003−96.5%Reduced
Wells Fargo & Company2,427$10.5K0.00%−8,925−78.6%Reduced
Farther Finance Advisors, LLC2,400$10.3K0.00%+2,400New
Global Retirement Partners, LLC2,056$8.86K0.00%+2,023+6,130.3%Added
The PNC Financial Services Group, Inc.2,000$8.62K0.00%00.0%Unchanged
Larson Financial Group LLC2,000$8.62K0.00%+2,000New
Tucker Asset Management LLC1,598$6.89K0.00%+1,598New
Hantz Financial Services, Inc.1,116$5.00K0.00%+200+21.8%Added
Financial Consulate, Inc1,105$4.76K0.00%+1,105New
CoreCap Advisors, LLC1,066$4.59K0.00%00.0%Unchanged
GWM Advisors LLC1,050$4.53K0.00%+1,050New
Colonial Trust Advisors1,000$4.31K0.00%+1,000New
Modus Advisors, LLC1,000$4.31K0.00%+1,000New
Activest Wealth Management1,000$4.31K0.00%+1,000New
Stone House Investment Management, LLC500$2.15K0.00%+500New