Which hedge funds own TFPM? TRIPLE FLAG PRECIOUS METAL, Q2 2026 13F holders
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22 of the hedge funds tracked by WhaleCreep disclosed a position in TFPM (TRIPLE FLAG PRECIOUS METAL) in their Q2 2026 13F filings, worth $4.1bn in total. The largest holder by portfolio weight is Elliott Investment Management L.P. at 27.9% of its book. 3 managers opened a new position this quarter: Graham Capital Management, L.P., Marshall Wace, LLP, Capstone Investment Advisors, LLC. 5 exited: Aquatic Capital Management LLC, Boothbay Fund Management, LLC, Brevan Howard Capital Management LP.
Who discovered TFPM first?
Earliest meaningful positions among the 5 tracked managers we observed opening TFPM since Q3 2022.
1 Elliott Investment Management L.P. First reported Q3 2022 High conviction 23.0%initial weight · $1.6bn 27.9%still holding · 16q +137%stock since Q3 2022
Weight of Elliott Investment Management L.P.'s 13F book in TFPM, by quarter
- 30.5% peak weight, Q4 2025
- $4.6bn peak reported value
- 16 quarters held
- 15q before the median tracked entry
The stock's split-adjusted price moved +137% from Q3 2022 to Q2 2026.
22 managers already held TFPM when our coverage of them began
Arbiter Partners Capital Management LLC (Q1 2026), Whitebox Advisors LLC (Q1 2026), LB Partners LLC (Q1 2026), Quantbot Technologies LP (Q1 2026), ExodusPoint Capital Management, LP (Q1 2026), Two Sigma Investments, LP (Q1 2026), Engineers Gate Manager LP (Q1 2026), Campbell & CO Investment Adviser LLC (Q1 2026), Qube Research & Technologies LTD (Q1 2026), Arrowstreet Capital, Limited Partnership (Q1 2026), Capital Fund Management S.A. (Q1 2026), Elequin Capital, LP (Q1 2026), Citadel Advisors LLC (Q1 2026), D. E. Shaw & Co., Inc. (Q1 2026), Millennium Management LLC (Q1 2026), Balyasny Asset Management L.P. (Q1 2026), Squarepoint Ops LLC (Q1 2026), Aquatic Capital Management LLC (Q1 2026), Boothbay Fund Management, LLC (Q1 2026), Brevan Howard Capital Management LP (Q1 2026), Trexquant Investment LP (Q1 2026), Walleye Capital LLC (Q1 2026).
Their first filing on record already includes TFPM, so when they first bought it is unknown. They are not ranked above.
View discovery timeline
Dots mark the ranked managers' first reported quarters. Price is the quarter-end price implied by 13F filings, split-adjusted, shown from Q3 2022 where the series is continuous. Coverage widened in Q1 2026 from about a hundred managers to over a thousand, so holders and new holders are shown relative to the managers filing each quarter.
How this is calculated
13F filings are quarterly snapshots of long US-listed equity positions. They do not show exact purchase dates, intra-quarter trading, short positions, most derivatives, or a manager's actual performance. "First reported" is the first quarter-end filing that shows the position.
A manager is ranked only if we observed it filing, without TFPM, within two quarters before its first position. Ranking is by the first quarter the position reached 1% of the manager's 13F book in a run of at least 2 filings, then by peak weight. "High conviction" means a peak weight of at least 5%.
Stock changes are the split-adjusted change in the quarter-end price implied by 13F filings, excluding dividends. They describe the stock over the period, not the return any manager earned. Phases are cut where the share of tracked managers holding TFPM passed one third and two thirds of its peak.
Which hedge funds hold TFPM? Current holders by portfolio weight
| Manager | As of | Weight of book | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|
| Elliott Investment Management L.P. | Q2 2026 | 27.9% | $4.0bn | 133,241,535 | -0% | held |
| Arbiter Partners Capital Management LLC | Q2 2026 | 0.9% | $1.8m | 58,476 | 0% | held |
| Whitebox Advisors LLC | Q2 2026 | 0.7% | $45.5m | 1,518,950 | 0% | held |
| LB Partners LLC | Q2 2026 | 0.3% | $446.9k | 14,913 | 0% | held |
| Quantbot Technologies LP | Q2 2026 | 0.1% | $1.4m | 47,281 | 20% | added |
| ExodusPoint Capital Management, LP | Q2 2026 | 0.0% | $4.9m | 164,821 | 1603% | added |
| Two Sigma Investments, LP | Q2 2026 | 0.0% | $41.8m | 1,394,861 | 19% | added |
| Graham Capital Management, L.P. | Q2 2026 | 0.0% | $1.2m | 38,445 | – | new |
| Engineers Gate Manager LP | Q2 2026 | 0.0% | $2.3m | 76,961 | 15% | added |
| Campbell & CO Investment Adviser LLC | Q2 2026 | 0.0% | $330.2k | 11,017 | -54% | reduced |
| Qube Research & Technologies LTD | Q2 2026 | 0.0% | $14.2m | 472,365 | 2% | added |
| Bridgewater Associates, LP | Q2 2026 | 0.0% | $2.1m | 68,784 | 258% | added |
| Arrowstreet Capital, Limited Partnership | Q2 2026 | 0.0% | $11.6m | 386,667 | -80% | reduced |
| Capital Fund Management S.A. | Q2 2026 | 0.0% | $689.1k | 22,992 | -35% | reduced |
| Marshall Wace, LLP | Q2 2026 | 0.0% | $5.2m | 174,639 | – | new |
| Elequin Capital, LP | Q2 2026 | 0.0% | $129.6k | 4,323 | 32% | added |
| Citadel Advisors LLC | Q2 2026 | 0.0% | $6.2m | 205,704 | 38% | added |
| Capstone Investment Advisors, LLC | Q2 2026 | 0.0% | $386.5k | 12,897 | – | new |
| D. E. Shaw & Co., Inc. | Q2 2026 | 0.0% | $3.7m | 122,568 | 186% | added |
| Millennium Management LLC | Q2 2026 | 0.0% | $2.2m | 71,979 | -7% | reduced |
| Balyasny Asset Management L.P. | Q2 2026 | 0.0% | $450.5k | 15,033 | -40% | reduced |
| Squarepoint Ops LLC | Q2 2026 | 0.0% | $216.0k | 7,206 | -88% | reduced |
Exited since the previous quarter
| Manager | Prior weight | Prior value |
|---|---|---|
| Aquatic Capital Management LLC | 0.1% | $1.0m |
| Boothbay Fund Management, LLC | 0.0% | $209.1k |
| Brevan Howard Capital Management LP | 0.1% | $877.2k |
| Trexquant Investment LP | 0.2% | $3.7m |
| Walleye Capital LLC | 0.1% | $572.8k |
Held in a manager's last filing on record
These managers have not filed for the latest quarter; their last disclosure is dated.
| Manager | Last filing | Weight |
|---|---|---|
| ancora_advisors | Q2 2026 | 0.0% |
| first_manhattan | Q2 2026 | 0.0% |
| horizon_kinetics | Q2 2026 | 0.2% |
| point72 | Q2 2026 | 0.0% |
| renaissance | Q2 2026 | 0.0% |
| cove_street | Q3 2025 | 1.9% |
How has hedge fund ownership of TFPM changed?
| Quarter | Managers holding | Combined value |
|---|---|---|
| Q2 2026 | 27 | $4.2bn |
| Q1 2026 | 29 | $4.8bn |
| Q4 2025 | 5 | $4.5bn |
| Q3 2025 | 5 | $3.9bn |
| Q2 2025 | 4 | $3.2bn |
| Q1 2025 | 5 | $2.6bn |
| Q4 2024 | 5 | $2.0bn |
| Q3 2024 | 5 | $2.2bn |
| Q2 2024 | 4 | $2.1bn |
| Q1 2024 | 4 | $1.9bn |
| Q4 2023 | 4 | $1.8bn |
| Q3 2023 | 3 | $1.8bn |
| Q2 2023 | 3 | $1.9bn |
| Q1 2023 | 3 | $2.0bn |
| Q4 2022 | 2 | $1.8bn |
| Q3 2022 | 2 | $1.6bn |
Counts every tracked manager that disclosed TFPM in that quarter's filing, including managers that have since stopped filing.