TFPM

Key Takeaways

• Triple Flag makes money the way a financier does, not a miner: it pays cash up front for the right to buy a mine's future gold and silver at a fixed low price, carries none of the mine's operating cost or capital budget, and keeps close to two-thirds of every revenue dollar as gross profit. • The stretch is not the growth rate but how long it has to last: at $27.34 the price leans on the portfolio compounding for close to a decade and settling at an operating margin near 45.7 percent, a persis

Institutional ownership

220 institutional managers reported holding TFPM in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 76%. 35 opened new positions that quarter. Held by Elliott Investment Management, FMR (Fidelity), Vanguard Group, among others. On the short side, 1.3M shares were sold short as of the 2026-06-15 count, about 0.7% of shares outstanding (1.8 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

TFPM's share count grew 37.6% over the past five years. It pays a dividend, and has paid one every year in our records (5 and counting), raised 4 years straight. Cash returned over the past three years: $173.65M in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Compare TFPM

HCXY vs TFPMLB vs TFPMRGLD vs TFPMTFPM vs TPL