Signal dossier · Q4 2025

TRMD

Torm plc · Industrials

HoldLens verdict · single −100..+100 scale

BUY

+15

7Q BUY

on a signed +100 buy scale · WEAK BUY

1 tracked manager buying with 1 on a 7+ quarter streak. MODERATE signal.

Unified ConvictionScore · −100..+100

Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding

+15

Buy component

+15

Dissent penalty

−0

Unanimity bonus

+10

Quality differential

Info density

Buyers / Sellers

1 / 0

ConvictionScore v5 · 9-layer breakdown

13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.

+15

Smart money (13F)

Insider activity (Form 4)

Track record (CAGR)

-6

Trend streak

+10

Concentration

Contrarian bonus

Event signal (8-K)

− Dissent penalty

−0

− Crowding penalty

−0

Owners: 1·Buyers: 7·Sellers: 0·Buyer-CAGR-weighted expected return: +9% ±0%·How this is computed

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8-quarter activity

Distinct managers buying or selling TRMD each quarter — last 2 years.

7 buy moves·0 sell moves·net buying

'24 Q1

'24 Q2

'24 Q3

'24 Q4

'25 Q1

'25 Q2

'25 Q3

'25 Q4

Buyers (new + add)Sellers (trim + exit)

Ownership breadth · 8 quarters

Breadth flat

+0 owners over 8Q

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Multi-quarter conviction

Managers who have been moving the same direction on TRMD for 2+ consecutive quarters. Streaks matter far more than single-quarter moves — they reveal thesis conviction, not reactive trading.

Consecutive-quarter BUYERS

Howard Marks
Oaktree Capital
T17Q

Smart money activity

Every tracked 13F move on TRMD — grouped by quarter, ranked by manager quality.

Smart money activity

7 buys · 0 sells across tracked 13F filings

Net signal: STRONG BUY

Q4 2025(1 move)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital More Torm shipping.	Add 8.00%	+680K	15.20%

Q3 2025(1 move)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital Building Torm shipping.	Add 12.00%	+910K	14.80%

Q2 2025(1 move)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital Building Torm shipping.	Add 6.00%	+480K	13.20%

Q4 2024(1 move)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital Building Torm shipping.	Add 8.00%	+620K	13.00%

Q3 2024(1 move)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital Building Torm.	Add 6.00%	+480K	12.50%

Q2 2024(1 move)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital Building Torm.	Add 5.00%	+400K	11.50%

Q1 2024(1 move)

Portfolio manager	Activity	Share change	% portfolio
Howard MarksTier 1 Oaktree Capital First Torm shipping position.	Buy (new)	+4.50M	10.00%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Latest news

Recent headlines for TRMD — context for the moves above.

Who’s betting biggest on TRMD

Industrials sector →→ Ranks #13 of 83 tracked bets

Each bar is one manager’s position size in TRMD as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Howard MarksT1

14.8%

“Product tanker shipping — cyclical deep value.”

AI thesis

An AI-synthesised investment thesis for TRMD, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis

Claude Haiku synthesis of BUY positioning from 1 institutional filers

Generate a 2-paragraph investment thesis synthesising 1 institutional holdings and the +15 conviction score.

Related smart-money signals

Derived from the same 13F filings

Same sector · Industrials

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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.