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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
Mackenzie Financial Corp96,699$416.4K0.00%+96,699New
Vanguard Group Inc99,298$429.7K0.00%+99,298New
Sprott Inc.135,566$584.3K0.02%−82,033−37.7%Reduced
TD Asset Management Inc135,888$588.9K0.00%+135,888New
Point72 Asset Management, L.P.141,900$611.6K0.00%+141,900New
Goldman Sachs Group Inc159,914$689.2K0.00%+40,857+34.3%Added
State Street Corp168,538$726.4K0.00%+168,538New
Legacy Capital Group California, Inc.174,649$752.7K0.18%−108,597−38.3%Reduced
Morgan Stanley198,430$855.2K0.00%+146,259+280.3%Added
Swiss National Bank212,100$914.2K0.00%+212,100New
Manufacturers Life Insurance Company, The245,439$1.06M0.00%−158,660−39.3%Reduced
Walleye Capital LLC254,411$1.10M0.01%+195,605+332.6%Added
BlackRock, Inc.282,584$1.22M0.00%+282,584New
Two Sigma Investments, LP325,091$1.40M0.00%−1,630−0.5%Reduced
Millennium Management LLC328,446$1.42M0.00%−73,222−18.2%Reduced
Bank of America Corp357,328$1.54M0.00%+239,281+202.7%Added
Susquehanna International Group, LLP655,971$2.83M0.00%+591,453+916.7%Added
Alps Advisors Inc674,396$2.91M0.02%+288,935+75.0%Added
Envestnet Asset Management Inc925,740$3.99M0.00%−87,777−8.7%Reduced
Jane Street Group, LLC941,892$4.06M0.00%+492,846+109.8%Added
Goehring & Rozencwajg Associates, LLC1,408,204$6.10M0.60%+69,883+5.2%Added
Old West Investment Management, LLC4,679,087$20.2M3.60%−7,486,465−61.5%Reduced
TSP Capital Management Group, LLC–$29.0M7.09%––
Toroso Investments, LLC18,752,440$80.8M0.34%+15,127,311+417.3%Added
Electrum Group LLC31,604,741$136.2M11.89%+31,604,741New
Paulson & Co. Inc.0$00.00%−14,326,996−100.0%Sold out
Bornite Capital Management LP0$00.00%−1,000,000−100.0%Sold out
Wexford Capital LP0$00.00%−714,350−100.0%Sold out
DLD Asset Management, LP0$00.00%−594,000−100.0%Sold out
Alyeska Investment Group, L.P.0$00.00%−500,000−100.0%Sold out
Renaissance Technologies LLC0$00.00%−243,500−100.0%Sold out
GAM Holding AG0$00.00%−200,000−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−83,500−100.0%Sold out
Qube Research & Technologies Ltd0$00.00%−49,785−100.0%Sold out
Simplex Trading, LLC0$00.00%−12,858−100.0%Sold out
Exencial Wealth Advisors, LLC0$00.00%−11,190−100.0%Sold out
Sound Income Strategies, LLC0$00.00%−76−100.0%Sold out
Glen Eagle Advisors, LLC0$00.00%−166−100.0%Sold out
Cubist Systematic Strategies, LLC––––Not filed