USAR USA Rare Earth, Inc. - Common Stock
$18.13
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$11–$44
21% of range
Analyst Rating
BUY
14 analysts
Price Target
$37
+106% upside
P/E (TTM)
-8.1
ROE
-164.2%
Net Profit Margin
-18110.7%
USAR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$18.13
Market Cap
$3.95B
P/E (TTM)
-8.1
EPS (TTM)
$-3.31
Revenue (TTM)
$2M
Div Yield
—
ROE
-164.2%
Debt/Equity
0.0
52W Range
$11 – $44
USAR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$2M
2024-12-31
→
2025-12-31
EPS
$-3.31
2024-12-31
→
2025-12-31
Free Cash Flow
$-86M
2025-12-31
→
2025-12-31
Margins
-18110.7%
2025-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
USAR
Peer Median
P/E (TTM)
-8.1
111.0
P/S (TTM)
2405.3
13.4
P/B
8.0
3.6
EV / EBITDA
-61.2
—
Price / FCF
-45.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
USAR
Peer Median
Gross Margin
11.9%
19.8%
Operating Margin
-3621.6%
—
Net Profit Margin
-18110.7%
-10.0%
ROA
-77.9%
-15.1%
ROE
-164.2%
-9.8%
ROIC
-12.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
USAR
Peer Median
Debt / Equity
0.0
0.0
Current Ratio
10.2
3.0
Quick Ratio
9.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
USAR
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
USAR
Peer Median
USAR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 4 28.6%
- Buy 9 64.3%
- Hold 1 7.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-08-16
Median
$37.00
← Below all targets
$18.13
Low
$30.00
High
$45.00
Median target
$37.00
+104.1%
Mean target
$37.38
+106.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.15 | $-0.13 | -0.02% |
| March 31, 2026 | $-0.12 | $-0.14 | 0.02% |
| Dec. 31, 2025 | $-0.48 | $-0.13 | -0.35% |
| Sept. 30, 2025 | $-0.25 | $-0.08 | -0.17% |
| June 30, 2025 | $-0.08 | $-0.11 | 0.03% |
| March 31, 2025 | $0.58 | $0.33 | 0.25% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| USAR | $1.76B | -3.6 | — | -18110.7% | -164.2% | 11.9% |
| MP | $8.96B | -101.0 | 10.1% | -38.3% | -5.8% | — |
| MTRN | $2.58B | 34.7 | 6.0% | 4.2% | 8.1% | 17.3% |
| SSMR | — | — | — | — | — | — |
| EMAT | — | — | — | — | 14.9% | — |
| CMP | — | -6.9 | 11.3% | -6.4% | -33.9% | 15.3% |
| CRML | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue | $2M | $0 | |
| Cost of Revenue | $1M | $0 | |
| Gross Profit | $195.0K | $0 | |
| R&D Expense | $16M | $6M | |
| SG&A Expense | $43M | $9M | |
| Operating Income | $-60M | $-16M | |
| Interest Income | $5M | $292.0K | |
| Other Non-op | $-239M | $-807.0K | |
| Pretax Income | $-299M | $-16M | |
| Income Tax | $-160.0K | $0 | |
| Net Income | $-298M | $-16M | |
| EPS (Basic) | $-3.31 | $-0.40 | |
| EPS (Diluted) | $-3.31 | $-0.40 | |
| Shares (Basic) | 98,021,000 | 59,538,000 | |
| Shares (Diluted) | 98,021,000 | 59,538,000 | |
| EBITDA | $-59M | $-4M |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Cash & Equivalents | $360M | $17M | |
| Inventory | $19M | $0 | |
| Prepaid Expense | $3M | $378.0K | |
| Other Current Assets | $286.0K | · | |
| Current Assets | $385M | $22M | |
| PP&E (Net) | $85M | $27M | |
| PP&E (Gross) | $87M | $28M | |
| Accum. Depreciation | $2M | $1M | |
| Goodwill | $135M | $0 | |
| Intangibles | $69M | · | |
| Other Non-current Assets | $176.0K | $52.0K | |
| Total Assets | $695M | $69M | |
| Accounts Payable | $11M | $2M | |
| Accrued Liabilities | $14M | $3M | |
| Short-term Debt | $2M | $831.0K | |
| Current Liabilities | $38M | $7M | |
| Capital Leases | $185.0K | $0 | |
| Deferred Tax | $17M | $0 | |
| Total Liabilities | $192M | $15M | |
| Total Debt | $2M | · | |
| Common Stock | $15.0K | $6.0K | |
| Retained Earnings | $-387M | $-73M | |
| AOCI | $130.0K | $0 | |
| Stockholders' Equity | $494M | $34M | |
| Liabilities + Equity | $695M | $69M | |
| Shares Outstanding | 148,055,000 | 60,091,000 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| D&A | $763.0K | $235.0K | |
| Stock-based Comp | $9M | $2M | |
| Amort. of Intangibles | $678.0K | $0 | |
| Other Non-cash | $239M | · | |
| Operating Cash Flow | $-49M | $-13M | |
| CapEx | $37M | $3M | |
| Investing Cash Flow | $-140M | $-3M | |
| Stock Repurchased | · | $247M | |
| Net Stock Activity | · | $-247M | |
| Financing Cash Flow | $532M | $20M | |
| Free Cash Flow | $-86M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Gross Margin | 11.9% | · | |
| Operating Margin | -3621.6% | · | |
| Net Margin | -18110.7% | · | |
| Pretax Margin | -18179.2% | · | |
| EBITDA Margin | -3575.2% | · | |
| ROA | -77.9% | 5.6% | |
| ROE | -164.2% | 69.8% | |
| ROIC | -12.0% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Current Ratio | 10.2 | 0.0 | |
| Quick Ratio | 9.5 | 0.0 | |
| Debt / Equity | 0.0 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Asset Turnover | 0.0 | · | |
| Inventory Turnover | 0.2 | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue TTM | $2M | $0 | |
| Net Income TTM | $-298M | $-16M | |
| Market Cap | $1.76B | · | |
| Enterprise Value | $1.40B | · | |
| P/E | -3.6 | -28.7 | |
| P/S | 1072.3 | · | |
| P/B | 3.6 | · | |
| P / Tangible Book | 6.1 | · | |
| P / Cash Flow | -36.0 | · | |
| P / FCF | -20.4 | · | |
| EV / EBITDA | -23.9 | · | |
| EV / FCF | -16.3 | · | |
| EV / Revenue | 854.4 | · | |
| Earnings Yield | -27.8% | -3.5% |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $6M | $6M | · | · | $0 | $0 | |
| Cost of Revenue | $7M | $6M | · | · | $0 | $0 | |
| Gross Profit | $-2M | $106.0K | · | · | $0 | $0 | |
| R&D Expense | $11M | $14M | $7M | $4M | $3M | $2M | |
| SG&A Expense | $33M | $21M | $18M | $11M | $6M | $7M | |
| Operating Income | $-46M | $-37M | $-26M | $-16M | $-9M | $-9M | |
| Interest Income | $370.0K | $12M | $3M | $1M | $765.0K | $187.0K | |
| Other Non-op | $34M | $-32M | $-25M | $-141M | $-134M | $60M | |
| Pretax Income | $-12M | $-69M | · | · | $-143M | $52M | |
| Income Tax | $-513.0K | $-577.0K | · | · | $0 | $0 | |
| Net Income | $-10M | $-67M | $-50M | $-157M | $-143M | $52M | |
| EPS (Basic) | $-0.05 | $-0.34 | $-0.88 | $-1.64 | $-1.54 | $0.75 | |
| EPS (Diluted) | $-0.05 | $-0.34 | $-0.71 | $-1.64 | $-1.54 | $0.58 | |
| Shares (Basic) | 230,081,000 | 196,479,000 | -161,800,000 | 102,589,000 | 92,769,000 | 64,463,000 | |
| Shares (Diluted) | 230,081,000 | 196,479,000 | -180,416,000 | 102,589,000 | 92,769,000 | 83,079,000 | |
| EBITDA | $-45M | $-36M | · | $-16M | $-9M | $-9M |
Balance Sheet 26
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.53B | $1.75B | $360M | $258M | $122M | $23M | |
| Inventory | $50M | $28M | $19M | · | · | · | |
| Prepaid Expense | $12M | $7M | $3M | $1M | $2M | $2M | |
| Other Current Assets | $74M | · | · | · | · | · | |
| Current Assets | $1.67B | $1.79B | $385M | $259M | $124M | $26M | |
| PP&E (Net) | $146M | $118M | $85M | $40M | $32M | $30M | |
| PP&E (Gross) | $149M | $120M | $87M | $41M | $33M | $30M | |
| Accum. Depreciation | $3M | $2M | $2M | $1M | $1M | $1M | |
| Goodwill | $135M | $135M | $135M | · | · | · | |
| Intangibles | $66M | $67M | $69M | · | · | · | |
| Other Non-current Assets | $255.0K | $207.0K | $176.0K | $33.0K | $56.0K | $52.0K | |
| Total Assets | $3.00B | $2.13B | $695M | $323M | $180M | $77M | |
| Accounts Payable | $17M | $17M | $11M | $2M | $2M | $3M | |
| Accrued Liabilities | $32M | $21M | $14M | $13M | $5M | $4M | |
| Short-term Debt | $0 | $0 | $2M | $0 | $0 | · | |
| Current Liabilities | $51M | $49M | $38M | $16M | $8M | $7M | |
| Capital Leases | $2M | $244.0K | $185.0K | $220.0K | $255.0K | $289.0K | |
| Deferred Tax | $16M | $16M | $17M | · | · | · | |
| Total Liabilities | $452M | $246M | $192M | $369M | $286M | $97M | |
| Total Debt | $0 | $0 | · | $0 | $0 | · | |
| Common Stock | $24.0K | $22.0K | $15.0K | $11.0K | $10.0K | $8.0K | |
| Retained Earnings | $-465M | $-454M | $-387M | $-337M | $-180M | $-38M | |
| AOCI | $-927.0K | $-200.0K | $130.0K | · | · | · | |
| Stockholders' Equity | $2.54B | $1.88B | $494M | $-59M | $-132M | $-53M | |
| Liabilities + Equity | $3.00B | $2.13B | $695M | $323M | $180M | $77M | |
| Shares Outstanding | 244,671,000 | 217,976,000 | 148,055,000 | 113,833,000 | 96,189,000 | 81,952,000 |
Cash Flow 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| D&A | $1M | $690.0K | $391.0K | $170.0K | $169.0K | $33.0K | |
| Stock-based Comp | $6M | $5M | $4M | $3M | $0 | $1M | |
| Amort. of Intangibles | $1M | $1M | · | · | $0 | $0 | |
| Other Non-cash | · | $43M | · | · | · | · | |
| Operating Cash Flow | $-57M | $-18M | $-28M | $-3M | $-8M | $-10M | |
| CapEx | $70M | $39M | $24M | $7M | $4M | $3M | |
| Investing Cash Flow | $-70M | $-39M | $-126M | $-7M | $-3M | $-3M | |
| Financing Cash Flow | $-28M | $1.45B | $256M | $146M | $110M | $20M | |
| Net Change in Cash | $-155M | $1.39B | · | · | $98M | $7M | |
| Free Cash Flow | · | $-57M | · | · | · | $-12M |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin | -27.2% | 1.9% | · | · | · | · | |
| Operating Margin | -795.6% | -643.6% | · | · | · | · | |
| Net Margin | -177.5% | -1175.7% | · | · | · | · | |
| Pretax Margin | -214.3% | -1204.7% | · | · | · | · | |
| EBITDA Margin | -778.2% | -631.5% | · | · | · | · | |
| ROA | -0.65% | -6.1% | · | -52.9% | -64.0% | 30.5% | |
| ROE | -0.86% | -7.3% | · | 422.4% | 195.7% | -157.1% | |
| ROIC | -1.8% | -1.9% | · | · | · | · |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 32.8 | 36.3 | · | 16.5 | 15.1 | 3.5 | |
| Quick Ratio | 30.0 | 35.5 | · | 16.4 | 14.9 | 3.2 | |
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | · | · | · | |
| Inventory Turnover | 0.3 | 0.4 | · | · | · | · |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|---|
| Net Income TTM | $-377M | $-314M | · | $-249M | $-95M | $43M | |
| Market Cap | $5.28B | $3.30B | · | $1.96B | $1.05B | $487M | |
| Enterprise Value | $3.75B | $1.55B | · | $1.70B | $932M | · | |
| P/E | -6.0 | -5.1 | · | -6.5 | -10.6 | 14.8 | |
| P/B | 2.1 | 1.8 | · | -33.4 | -8.0 | -9.2 | |
| P / Tangible Book | 2.3 | 2.0 | · | · | · | · | |
| P / Cash Flow | · | -178.8 | · | · | · | -47.1 | |
| P / FCF | · | -57.8 | · | · | · | -39.4 | |
| EV / EBITDA | -82.8 | -43.1 | · | -108.3 | -107.9 | · | |
| EV / FCF | · | -27.1 | · | · | · | · | |
| Earnings Yield | -16.5% | -19.4% | · | -15.3% | -9.4% | 6.7% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Revenue | $2M | $0 | — |
| Gross Margin % | 11.9% | — | — |
| Operating Margin % | -3621.6% | — | — |
| Net Income | $-298M | $-16M | $7M |
| Diluted EPS | $-3.31 | $-0.40 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Debt / Equity | 0.0 | — | — |
| Current Ratio | 10.2 | 0.0 | 1.6 |
| Quick Ratio | 9.5 | 0.0 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Free Cash Flow | $-86M | — | — |
Latest News Recent headlines mentioning this company
- China controls 90% of rare-earth processing — now a $204 million US investment in France aims to change that
- Here's Why USA Rare Earth Shares Rose Again Today
- Here's Why USA Rare Earth Stock Crashed This Week
- USA Rare Earth (USAR) to Acquire Serra Verde Group for $2.8B to Secure Critical Mineral Supply Chain
- USA Rare Earth (USAR) Expands in Brazil, Climbs 13%
- Stock Market Today, April 20: USA Rare Earth Surges After Announcing $2.8 Billion Serra Verde Acquisition
- USA Rare Earth (USAR) Loses 8.82% as Lawmaker Questions Lutnick Conflict of Interest
- USA Rare Earth vs. MP Materials: Which Mining Stock Should You Buy in 2026?
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Institutional owners (13F) 440 filers · $2.6B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 140 (-19 vs prior Q) | 40 (-1 vs prior Q) | 144 (+26 vs prior Q) | 79 (+40 vs prior Q) | +4.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| STATE STREET CORP | $291,809,637 | 13,522,226 | 11.32% | Shares |
| Alyeska Investment Group, L.P. | $243,645,128 | 11,290,321 | 9.45% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $177,832,321 | 8,240,608 | 6.90% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $118,591,746 | 5,495,447 | 4.60% | Shares |
| JANE STREET GROUP, LLC | $103,251,668 | 4,784,600 | 4.00% | Put option |
| Bayshore Capital Advisors, LLC | $95,788,980 | 4,438,785 | 3.72% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $91,771,108 | 4,252,600 | 3.56% | Call option |
| GEODE CAPITAL MANAGEMENT, LLC | $90,284,873 | 4,182,922 | 3.50% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $85,264,738 | 3,951,100 | 3.31% | Shares |
| Hood River Capital Management LLC | $79,605,340 | 3,688,848 | 3.09% | Shares |
| JANE STREET GROUP, LLC | $78,009,542 | 3,614,900 | 3.03% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $63,790,480 | 2,956,000 | 2.47% | Put option |
| Inflection Point Holdings II LLC | $47,312,500 | 3,125,000 | 1.84% | Shares |
| CITADEL ADVISORS LLC | $46,409,948 | 2,150,600 | 1.80% | Call option |
| REAVES W H & CO INC | $43,160,000 | 2,000,000 | 1.67% | Shares |
| CITADEL ADVISORS LLC | $37,865,347 | 1,754,650 | 1.47% | Shares |
| CITADEL ADVISORS LLC | $36,720,528 | 1,701,600 | 1.42% | Put option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $32,765,389 | 1,518,322 | 1.27% | Shares |
| Capital World Investors | $32,375,179 | 1,500,240 | 1.26% | Shares |
| BANK OF AMERICA CORP /DE/ | $28,443,195 | 1,318,035 | 1.10% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $27,802,442 | 1,288,343 | 1.08% | Shares |
| ALTFEST L J & CO INC | $27,202,130 | 1,260,525 | 1.06% | Shares |
| Zimmer Partners, LP | $24,433,308 | 1,132,220 | 0.95% | Shares |
| CITIGROUP INC | $22,691,456 | 1,051,504 | 0.88% | Shares |
| ALLIANCEBERNSTEIN L.P. | $20,595,254 | 1,360,770 | 0.80% | Shares |
| Artisan Partners Limited Partnership | $20,581,342 | 953,723 | 0.80% | Shares |
| Driehaus Capital Management LLC | $20,334,705 | 942,294 | 0.79% | Shares |
| FMR LLC | $20,306,909 | 941,006 | 0.79% | Shares |
| D. E. Shaw & Co., Inc. | $18,235,100 | 845,000 | 0.71% | Call option |
| Korea Investment CORP | $18,108,339 | 839,126 | 0.70% | Shares |
| PEAK6 LLC | $17,434,482 | 807,900 | 0.68% | Call option |
| Point72 Asset Management, L.P. | $16,992,092 | 787,400 | 0.66% | Call option |
| LMR Partners LLP | $16,264,328 | 753,676 | 0.63% | Shares |
| Yaupon Capital Management LP | $15,106,000 | 700,000 | 0.59% | Shares |
| Walleye Trading LLC | $14,790,932 | 685,400 | 0.57% | Call option |
| MORGAN STANLEY | $13,557,872 | 628,261 | 0.53% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $13,309,832 | 616,767 | 0.52% | Shares |
| LPL Financial LLC | $12,497,215 | 579,111 | 0.48% | Shares |
| GOLDMAN SACHS GROUP INC | $12,246,650 | 567,500 | 0.48% | Shares |
| Squarepoint Ops LLC | $11,786,046 | 546,156 | 0.46% | Shares |
| Ghisallo Capital Management LLC | $10,790,000 | 500,000 | 0.42% | Shares |
| Trustees of the University of Pennsylvania | $10,640,969 | 493,094 | 0.41% | Shares |
| Parallax Volatility Advisers, L.P. | $10,319,556 | 478,200 | 0.40% | Call option |
| UNICOM Systems, Inc. | $9,913,291 | 459,374 | 0.38% | Shares |
| Walleye Trading LLC | $9,320,402 | 431,900 | 0.36% | Put option |
| MILLENNIUM MANAGEMENT LLC | $9,013,297 | 417,669 | 0.35% | Shares |
| HOHIMER WEALTH MANAGEMENT, LLC | $8,608,262 | 398,900 | 0.33% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $7,722,489 | 357,854 | 0.30% | Shares |
| Swiss National Bank | $7,550,842 | 349,900 | 0.29% | Shares |
| CITIGROUP INC | $7,524,946 | 348,700 | 0.29% | Call option |
| VANGUARD GROUP INC | $7,474,271 | 628,090 | 0.29% | Shares |
| Clear Street Group Inc. | $7,466,141 | 345,975 | 0.29% | Shares |
| Rokos Capital Management LLP | $7,464,626 | 345,985 | 0.29% | Shares |
| AMERICAN CENTURY COMPANIES INC | $7,043,647 | 326,397 | 0.27% | Shares |
| Weiss Asset Management LP | $5,815,378 | 269,480 | 0.23% | Shares |
| SIR Capital Management, L.P. | $5,403,934 | 250,414 | 0.21% | Shares |
| Texas Yale Capital Corp. | $5,294,653 | 245,350 | 0.21% | Shares |
| RHUMBLINE ADVISERS | $5,256,164 | 243,567 | 0.20% | Shares |
| Sovran Advisors, LLC | $4,768,210 | 339,133 | 0.18% | Shares |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. | $4,673,408 | 216,562 | 0.18% | Shares |
| Sender Co & Partners, Inc. | $4,663,870 | 216,120 | 0.18% | Shares |
| Caption Management, LLC | $4,499,430 | 208,500 | 0.17% | Put option |
| D. E. Shaw & Co., Inc. | $4,330,977 | 200,694 | 0.17% | Shares |
| CITIGROUP INC | $4,316,000 | 200,000 | 0.17% | Put option |
| TUDOR INVESTMENT CORP ET AL | $4,095,884 | 189,800 | 0.16% | Call option |
| Verition Fund Management LLC | $4,091,568 | 189,600 | 0.16% | Put option |
| SIMPLEX TRADING, LLC | $4,044,350 | 187,412 | 0.16% | Shares |
| BlackRock, Inc. | $4,040,833 | 187,249 | 0.16% | Shares |
| Bridgewater Associates, LP | $4,034,381 | 186,950 | 0.16% | Shares |
| IMC-Chicago, LLC | $3,980,021 | 184,431 | 0.15% | Shares |
| GROUP ONE TRADING LLC | $3,962,843 | 183,635 | 0.15% | Shares |
| WELLS FARGO & COMPANY/MN | $3,892,428 | 180,372 | 0.15% | Shares |
| PFG Investments, LLC | $3,691,194 | 171,047 | 0.14% | Shares |
| JENNISON ASSOCIATES LLC | $3,512,946 | 162,787 | 0.14% | Shares |
| NLB Skladi, upravljanje premozenja, d.o.o. | $3,500,772 | 162,223 | 0.14% | Shares |
| Verition Fund Management LLC | $3,418,488 | 158,410 | 0.13% | Shares |
| ArrowMark Colorado Holdings LLC | $3,401,742 | 157,634 | 0.13% | Shares |
| ALPS ADVISORS INC | $3,399,907 | 157,549 | 0.13% | Shares |
| BANK OF MONTREAL /CAN/ | $3,237,000 | 150,000 | 0.13% | Call option |
| BLAIR WILLIAM & CO/IL | $2,964,294 | 137,363 | 0.11% | Shares |
| RAYMOND JAMES FINANCIAL INC | $2,948,562 | 136,634 | 0.11% | Shares |
| PEAK6 LLC | $2,712,606 | 125,700 | 0.11% | Put option |
| Longaeva Partners L.P. | $2,690,745 | 124,687 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,633,645 | 122,041 | 0.10% | Shares |
| UBS Group AG | $2,577,364 | 119,433 | 0.10% | Shares |
| Man Group plc | $2,562,344 | 118,737 | 0.10% | Shares |
| MetLife Investment Management, LLC | $2,446,525 | 113,370 | 0.09% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $2,388,323 | 110,673 | 0.09% | Shares |
| WOLVERINE TRADING, LLC | $2,320,542 | 132,300 | 0.09% | Call option |
| MML INVESTORS SERVICES, LLC | $2,262,080 | 104,823 | 0.09% | Shares |
| WOLVERINE TRADING, LLC | $2,196,008 | 125,200 | 0.09% | Put option |
| JONES FINANCIAL COMPANIES LLLP | $2,166,463 | 105,836 | 0.08% | Shares |
| Acasta Partners UK LLP | $2,112,682 | 97,900 | 0.08% | Shares |
| MFG WEALTH MANAGEMENT, INC. | $1,993,841 | 92,393 | 0.08% | Shares |
| Walleye Capital LLC | $1,959,464 | 90,800 | 0.08% | Put option |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | $1,933,924 | 96,793 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,922,541 | 89,089 | 0.07% | Shares |
| Cetera Investment Advisers | $1,837,256 | 85,137 | 0.07% | Shares |
| one8zero8, LLC | $1,756,612 | 81,400 | 0.07% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,756,386 | 116,048 | 0.07% | Shares |
Company insiders 10 insiders · 2 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Stephen James Ridge | Chief Operating Officer | March 13, 2025 A | 66,162 | 0 | 0 | $0 |
| David Thomas Kronenfeld | CLO and Corporate Secretary | March 13, 2025 A | 72,870 | 0 | 0 | $0 |
| Michael Blitzer | Director | July 19, 2026 A | — | 1 | 0 | $2,144,000 |
| Thomas Caulfield | Director | July 7, 2026 A | 3,226 | 0 | 0 | $0 |
| Carolyn Trabuco | Director | June 8, 2026 S | 18,783 | 0 | 1 | $-295,984 |
| Michael F Senft | Director | June 3, 2026 A | — | 0 | 0 | $0 |
| Otto C Schwethelm | Director | June 3, 2026 A | 30,483 | 0 | 0 | $0 |
| Tready Smith | Director | March 13, 2025 A | 37,073 | 0 | 0 | $0 |
| Mordechai Zev Gutnick | Director | March 13, 2025 A | 13,671,026 | 0 | 0 | $0 |
| Paul J Kern | — | May 20, 2026 M | 209,518 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Gutnick Mordechai Zev, Critical Minerals Trust, Springfield Six One Three LLC ×2 filings | June 9, 2026 | 6.80% | Amendment | M&A / sale | SEC |
| Michael Blitzer, Inflection Point Holdings II LLC ×4 filings | Sept. 17, 2025 | 5.80% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 37 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| AGOX · Starboard Investment Trust | 0.17% | 750 NC | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.15% | 79,871 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 38,895 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.13% | 8,676 NS | May 31, 2026 | N-PORT |
| FMAT · FIDELITY COVINGTON TRUST | 0.13% | 29,365 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.12% | 3,807 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.10% | 828,658 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.08% | 6,785 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.05% | 6,862 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 8,735 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.02% | 172 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 55,201 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 3,487 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.01% | 106,153 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 3,080 NS | April 30, 2026 | N-PORT |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.00% | 75 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IGE · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PBW · Invesco Exchange-Traded Fund Trust | — | — | Aug. 10, 2026 | Daily |
| PYZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| VAW · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| PICK · iShares, Inc. | — | — | Aug. 14, 2026 | Daily |
| ISCB · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| SMLF · iShares Trust | — | — | Aug. 10, 2026 | Daily |
| ESML · iShares Trust | — | — | Aug. 14, 2026 | Daily |
| WSML · iShares Trust | — | — | Aug. 5, 2026 | Daily |