Trilogy Metals Inc. - Common Shares (TMQ) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2016 to Q4 2025

Type / Class
Equity / Common Shares
Symbol
TMQ on NYSE
Shares outstanding
170,836,438
Price per share
$6.01
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
71,478,100
Total reported value
$308,115,311
% of total 13F portfolios
0%
Share change
-6,729,436
Value change
+$25,035,181
Number of holders
123
Price from insider filings
$6.01
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Trilogy Metals Inc. - Common Shares (TMQ) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Electrum Group LLC 18% $126,102,917 31,604,741 Electrum Strategic Opportunities Fund L.P. 26 Dec 2025
Giardini Tony 5% $17,155,175 8,169,131 Tony Giardini 01 Mar 2024

As of 31 Dec 2025, 123 institutional investors reported holding 71,478,100 shares of Trilogy Metals Inc. - Common Shares (TMQ). This represents 42% of the company’s total 170,836,438 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Trilogy Metals Inc. - Common Shares (TMQ) together control 41% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Electrum Group LLC 18% 31,604,741 0% 12% $136,216,434
Tidal Investments LLC 11% 18,752,440 +417% 0.34% $80,823,016
TSP Capital Management Group, LLC 3.9% 6,731,000 7.1% $29,010,610
Old West Investment Management, LLC 2.7% 4,679,087 -62% 3.6% $20,166,864
Goehring & Rozencwajg Associates, LLC 0.82% 1,408,204 +5.2% 0.6% $6,104,740
JANE STREET GROUP, LLC 0.55% 941,892 +110% 0% $4,059,555
ENVESTNET ASSET MANAGEMENT INC 0.54% 925,740 -8.7% 0% $3,989,939
ALPS ADVISORS INC 0.39% 674,396 +75% 0.02% $2,906,647
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.38% 655,971 +917% 0% $2,827,235
BANK OF AMERICA CORP /DE/ 0.21% 357,328 +203% 0% $1,540,084
MILLENNIUM MANAGEMENT LLC 0.19% 328,446 -18% 0% $1,415,602
TWO SIGMA INVESTMENTS, LP 0.19% 325,091 -0.5% 0% $1,401,142
BlackRock, Inc. 0.17% 282,584 0% $1,217,937
Walleye Capital LLC 0.15% 254,411 +333% 0.01% $1,096,511
MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% 245,439 -39% 0% $1,064,418
Swiss National Bank 0.12% 212,100 0% $914,151
MORGAN STANLEY 0.12% 198,430 +280% 0% $855,234
Legacy Capital Group California, Inc. 0.1% 174,649 -38% 0.18% $752,737
STATE STREET CORP 0.1% 168,538 0% $726,399
GOLDMAN SACHS GROUP INC 0.09% 159,914 +34% 0% $689,229
Point72 Asset Management, L.P. 0.08% 141,900 0% $611,589
TD Asset Management Inc 0.08% 135,888 0% $588,856
SPROTT INC. 0.08% 135,566 -38% 0.02% $584,289
VANGUARD GROUP INC 0.06% 99,298 0% $429,733
MACKENZIE FINANCIAL CORP 0.06% 96,699 0% $416,417

Institutional Holders of Trilogy Metals Inc. - Common Shares (TMQ) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 71,478,100 $308,115,311 +$25,035,181 $4.31 123
2025 Q3 46,533,069 $97,764,578 +$7,793,810 $2.10 64
2025 Q2 45,287,703 $61,149,416 -$8,997,875 $1.35 61
2025 Q1 51,055,008 $79,288,408 +$12,154,066 $1.55 60
2024 Q4 43,909,132 $50,778,273 +$4,083,019 $1.16 50
2024 Q3 37,934,681 $18,511,414 +$3,228,036 $0.48 46
2024 Q2 31,419,119 $15,970,768 +$1,647,875 $0.51 40
2024 Q1 28,181,971 $14,078,760 +$699,430 $0.50 48
2023 Q4 26,754,406 $11,523,210 -$489,735 $0.43 44
2023 Q3 27,556,789 $13,497,572 -$358,795 $0.49 45
2023 Q2 28,279,549 $16,695,644 -$224,228 $0.59 42
2023 Q1 28,758,873 $15,323,551 -$1,535,976 $0.53 44
2022 Q4 31,623,944 $17,369,562 -$1,445,459 $0.55 44
2022 Q3 32,410,689 $19,652,890 +$312,864 $0.61 27
2022 Q2 20,390,927 $15,469,190 -$937,059 $0.78 21
2022 Q1 34,358,001 $36,059,335 -$2,653,985 $1.05 38
2021 Q4 36,683,813 $60,545,508 -$773,668 $1.65 39
2021 Q3 36,006,299 $66,621,784 +$320,525 $1.85 34
2021 Q2 35,737,527 $89,699,765 +$3,751,760 $2.51 41
2021 Q1 34,572,666 $73,997,862 -$16,828,995 $2.14 42
2020 Q4 43,244,412 $86,494,495 -$2,586,690 $2.00 36
2020 Q3 45,661,819 $81,798,803 -$1,014,116 $1.79 32
2020 Q2 46,223,280 $92,254,292 -$3,729,915 $2.00 29
2020 Q1 48,089,368 $65,220,444 +$10,782,458 $1.36 26
2019 Q4 50,840,524 $132,036,643 +$409,936 $2.60 40
2019 Q3 53,154,717 $87,971,627 -$4,822,371 $1.66 33
2019 Q2 55,725,550 $163,924,127 +$16,748,237 $2.95 42
2019 Q1 50,434,602 $123,953,962 +$5,183,554 $2.46 39
2018 Q4 48,456,633 $83,749,798 +$2,567,541 $1.73 36
2018 Q3 46,863,327 $93,642,315 +$2,753,377 $2.00 36
2018 Q2 45,532,987 $80,993,654 +$22,012,197 $1.78 32
2018 Q1 33,170,910 $42,060,151 +$3,043,312 $1.27 32
2017 Q4 30,796,420 $33,534,940 +$254,363 $1.09 31
2017 Q3 4,262,626 $4,292,294 +$2,965,634 $1.21 9
2017 Q2 25,646,609 $16,240,115 +$1,105,950 $0.63 22
2017 Q1 24,946,027 $13,656,653 -$12,706 $0.55 21
2016 Q4 24,972,636 $12,600,209 +$355,895 $0.50 23
2016 Q3 23,204,169 $12,700,169 +$12,700,111 $0.55 16
2016 Q2 116 $58 $0.50 1
2016 Q1 116 $44 $0.38 1