Latest Period
Q4 2025
Security Snapshot
Trilogy Metals Inc. - Common Shares (TMQ) Institutional Ownership
CUSIP: 89621C105
13F Institutional Holders and Ownership History from Q1 2016 to Q1 2026
Institutions Reporting
126
Shares (Excl. Options)
71,570,009
Price
$4.31
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- Type / Class
- Equity / Common Shares
- Symbol
- TMQ on NYSE
- Shares outstanding
- 170,836,438
- Price per share
- $4.11
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 71,570,009
- Total reported value
- $308,511,437
- % of total 13F portfolios
- 0%
- Share change
- -6,720,332
- Value change
- +$25,074,419
- Number of holders
- 126
- Price from insider filings
- $4.11
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- TMQ - Trilogy Metals Inc. - Common Shares is tracked under CUSIP 89621C105.
- 126 institutions reported positions in Q4 2025.
- 2 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 126 to 33 between Q4 2025 and Q1 2026.
- Reported value moved from $308,511,437 to $26,172,908.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 126 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 89621C105?
CUSIP 89621C105 identifies TMQ - Trilogy Metals Inc. - Common Shares in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 89621C105:
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, 126 institutional investors reported holding 71,570,009 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 |
|---|---|---|---|---|---|
| 2026 Q1 | 7,290,048 | $26,172,908 | +$1,158,543 | $3.59 | 33 |
| 2025 Q4 | 71,570,009 | $308,511,437 | +$25,074,419 | $4.31 | 126 |
| 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 |