Cove Street Capital, LLC TFPM — TRIPLE FLAG PRECIOUS METAL

Ownership history in Cove Street Capital, LLC  ·  8 quarters on record

AI Ownership Summary

Cove Street Capital, LLC reported TRIPLE FLAG PRECIOUS METAL (TFPM) in 8 quarterly 13F filings from 2023 Q4 through 2025 Q3. Peak portfolio weight reached 2.47% in 2024 Q1. The latest visible filing shows TFPM at 1.90% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this TFPM ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Cove Street Capital, LLC's position in TRIPLE FLAG PRECIOUS METAL, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q3

TFPM was reported at 1.90% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
2.47% in 2024 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q3

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

TFPM stock page Cove Street Capital, LLC fund profile Cove Street Capital, LLC full holdings
How Cove Street Capital, LLC held TFPM — position size vs. price
% of Fund (quarterly)    TFPM price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 8 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q3 REDUCED — — — 49,712 -88 -0.2% 1.90% $1.5M 2025-11-14 (Est.) $30.00
2025 Q2 REDUCED 28.7% +23.2% ❌ 49,800 -20,012 -28.7% 1.73% $1.2M 2025-08-14 $25.73
2025 Q1 REDUCED 9.5% +24.0% ❌ 69,812 -7,290 -9.5% 2.10% $1.3M 2025-05-15 $19.82
2024 Q4 REDUCED 47.6% +27.8% ❌ 77,102 -69,980 -47.6% 1.35% $1.2M 2025-02-12 $17.14
2024 Q3 REDUCED 12.1% -7.4% ✅ 147,082 -20,239 -12.1% 1.86% $2.4M 2024-11-12 $15.86
2024 Q2 REDUCED 69.1% +4.7% ❌ 167,321 -373,934 -69.1% 1.86% $2.6M 2024-07-18 $15.75
2024 Q1 ADDED — — — 541,255 +72,249 +15.4% 2.47% $7.8M 2024-05-07 $16.10
2023 Q4 INITIATED — — — 469,006 — — 1.91% $6.2M 2024-02-12 $12.35

🏢 Other funds also holding TFPM

As of 2026 Q1 — sorted by position size

Elliott Investment Management L.P. 3Y 22.99% GLOBAL STRATEGIC MANAGEMENT INC 3Y 7Y 8.72% McAlvany Wealth Management LLC 3.29% Lummis Asset Management, LP 2.53% Knoll Capital Management, LLC 3Y 7Y 2.22% STANSBERRY ASSET MANAGEMENT, LLC 3Y 7Y 2.11% Mountain Lake Investment Management LLC 3Y 7Y 2.02% Euro Pacific Asset Management, LLC 3Y 1.76% Merrion Investment Management Co, LLC 3Y 1.68% Dixon Mitchell Investment Counsel Inc. 1.49%

FAQ About Cove Street Capital, LLC and TFPM

These are the practical questions this page is built to answer before you even open the full history table.

How long has Cove Street Capital, LLC reported owning TFPM?

Cove Street Capital, LLC reported TFPM across 8 quarterly 13F filings, from 2023 Q4 through 2025 Q3.

What was the largest reported TFPM position in Cove Street Capital, LLC's portfolio?

The largest reported portfolio weight for TFPM was 2.47% in 2024 Q1.

What is the latest reported TFPM position on this page?

The most recent filing on this page is 2025 Q3, when Cove Street Capital, LLC reported 49,712 shares, equal to 1.90% of portfolio, with an estimated market value of $1.5M.

What does the chart on this TFPM ownership page compare?

The chart compares Cove Street Capital, LLC's quarterly TFPM portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Cove Street Capital, LLC time their TFPM position?

Based on 13F filing dates vs. subsequent TFPM price moves, Cove Street Capital, LLC correctly timed 1 out of 7 reported position changes (14%). The annualised alpha on TFPM relative to SPY over the holding period was +38.6%.

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