Found 13F filings in Q1
Long time post critic, first post lol
I'm not sure if anyone has posted or saw this but I found 13F SEC filing that Renaissance Technologies bought a chunky position, roughly 0.17% of TMC’s outstanding shares. Purchased 730,000 shares. Renaissance Technologies is one of the most well known quantitative investment firms in the world, so seeing TMC appear in its portfolio is promising.
Some other firms also own TMC.
- Goldman Sachs: 820,177 shares, up 20.9%
- Geode: 370,098 shares, roughly unchanged
- Quantbot: 276,867 shares, up a massive 1,509.5%
- Cetera: 97,912 shares, up 7.2%
- Creative Planning: 22,179 shares, up 9.8%
13F filings only give us a snapshot of certain long holdings. They don’t show short positions or the full picture of any hedges, correlated trades, or quantitative strategies these firms may be running. Renaissance in particular could simply be trading TMC’s volatility rather than making a fundamental long term bet.
When Q2 filings release this month, and they've increased their positions, and gone further into Q3 and again increased, that's the good sign I'm looking for tbh