TFPM Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Triple Flag Precious Metal (TFPM) following the 2026 Q2 hedge fund 13F filings?

As of today, TFPM has moved +5.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.6% for the SPY sector ETF — an outperformance of +7.1%. Since the quarter end (June 30, 2026), TFPM gained +10.6% vs +2.3% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Triple Flag Precious Metal (TFPM)

220 + Investors. Track Smart Money conviction in TFPM. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — TFPM

Based on 222 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their TFPM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (97% of max)

97% of all-time peak

222 hedge funds hold TFPM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +36% more funds vs a year ago

fund count last 6Q

+59 new funds entered over the past year (+36% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟡

Slight buying edge — 57% buying

129 buying98 selling

Last quarter: 129 funds bought or added vs 98 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 54 → 47 → 41 → 34. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

📌

Mixed — 36% long-term, 31% new

■ 36% conviction (2yr+) ■ 32% medium ■ 31% new

Of the 222 current holders: 81 (36%) held >2 years, 72 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

📊

Peak discovery — momentum slowing

41 → 54 → 47 → 41 → 34 new funds/Q

New funds entering each quarter: 54 → 47 → 41 → 34. TFPM is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 40% veterans vs 46% newcomers

■ 40% veterans ■ 14% 1-2yr ■ 46% new

Entry-cohort mix of 229 holders: 91 (40%) are 2+ year veterans, 33 entered 1–2 years ago, and 105 (46%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds

41 of 222 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

3.9

out of 10

Low Exit Risk

Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	220	228	-3.51%
13F Shares	176M	177M	-0.43%
Total Value	$5.22B	$5.97B	-12.53%
New Positions	33	41	-8
Increased Positions	92	87	+5
Closed Positions	41	33	+8
Reduced Positions	57	64	-7
Total Calls	3	4	-25.0%
Total Puts	4	4	-
PUT/CALL Ratio	1.33	1.0	Bearish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

220

228

-3.51%

13F Shares

176M

177M

-0.43%

Total Value

$5.22B

$5.97B

-12.53%

New Positions

-8

Increased Positions

Closed Positions

Reduced Positions

-7

Total Calls

-25.0%

Total Puts

PUT/CALL Ratio

1.33

1.0

Bearish

Institutional Holders (2026 Q2)

220 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TFPM. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 TFPM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Elliott Investment Management L.P.	17.61%	133,241,535	$3.99B
2	Global Strategic Management Inc	6.03%	261,158	$7.8M
3	McAlvany Wealth Management LLC	3.92%	175,021	$5.2M
4	Mountain Lake Investment Management LLC	3.54%	189,488	$5.7M
5	Lummis Asset Management, LP	2.34%	131,121	$3.9M
6	Knoll Capital Management, LLC	1.92%	115,000	$3.4M
7	Merrion Investment Management Co, LLC	1.28%	90,240	$2.7M
8	Dixon Mitchell Investment Counsel Inc.	1.24%	1,276,890	$38.2M
9	Stansberry Asset Management, LLC	1.14%	414,255	$12.4M
10	Marshall Financial Group, LLC	1.01%	231,255	$6.9M
11	Sprott INC.	0.96%	1,012,375	$30.3M
12	Parvin Asset Management, LLC	0.93%	39,530	$1.2M
13	Arbiter Partners Capital Management LLC	0.92%	58,476	$1.8M
14	Delaney Capital Management Ltd.	0.69%	145,699	$4.4M
15	Whitebox Advisors LLC	0.59%	1,518,950	$45.5M
16	U S Global Investors Inc	0.50%	172,000	$5.2M
17	Connecticut Capital Management Group, LLC	0.38%	15,579	$467K
18	LB Partners LLC	0.30%	14,913	$447K
19	Meixler Investment Management, Ltd.	0.27%	16,019	$480K
20	Indie Asset Partners, LLC	0.26%	9,200	$276K
21	Hara Capital LLC	0.24%	15,439	$463K
22	Drive Wealth Management, LLC	0.17%	32,721	$981K
23	Horizon Kinetics Asset Management LLC	0.17%	506,677	$15.2M
24	Tidal Investments LLC	0.15%	2,949,715	$88.4M
25	CoreCommodity Management, LLC	0.14%	23,405	$701K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Triple Flag Precious Metal (TFPM)

What does the Smart Money Trend signal show for TFPM?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their TFPM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for TFPM?

Slight buying edge — 57% buying: Last quarter: 129 funds bought or added vs 98 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TFPM holders?

Smaller funds dominant — 9% AUM from top-100: 41 of 222 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TFPM?

Mixed — 36% long-term, 31% new: Of the 222 current holders: 81 (36%) held >2 years, 72 held 1–2 years, and 69 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Triple Flag Precious Metal (TFPM) following the 2026 Q2 hedge fund 13F filings?

As of today, TFPM has moved +5.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.6% for the SPY sector ETF — an outperformance of +7.1%. Since the quarter end (June 30, 2026), TFPM has gained +10.6% vs +2.3% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Triple Flag Precious Metal (TFPM)

Smart Money Signals — TFPM

Selling streak — 1 quarter in a row

At the ownership peak (97% of max)

Fast accumulation — +36% more funds vs a year ago

Slight buying edge — 57% buying

Fewer new buyers each quarter (-7 vs last Q)

Mixed — 36% long-term, 31% new

Peak discovery — momentum slowing

Veteran-anchored — 40% veterans vs 46% newcomers

Smaller funds dominant — 9% AUM from top-100

Institutional Sentiment Summary — TFPM

Hedge Fund Ownership: TFPM

Market Analysis: TFPM

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: TFPM

Is It Too Late to Buy Triple Flag Precious Metal (TFPM) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: TFPM

Statistics: TFPM

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Triple Flag Precious Metal (TFPM)

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