USARNasdaqMetal MiningFiscal year ends December 31
USA Rare Earth, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$10.09−0.45 (-4.27%)
Close on Oct 19, 2026
- Market cap
- $2.32B
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
56.5%
138M of 245M shares
Institutional holders
392
124 new, 44 sold out
Net institutional buying
11M
In Q2 2026
Insider trades, 12 months
2 buys · 1 sales
Net bought $1.88M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Harraden Circle Investments, LLC | 892,825 | 10.62% | 13G (passive) amendment | Feb 21, 2025 |
| Anand Parekh | 7,797,613 | 5.88% | 13G (passive) amendment | Dec 31, 2025 |
| Inflection Point Holdings II LLC | 6,250,000 | 20.00% | 13G (passive) | Dec 31, 2023 |
| Michael Blitzer | 5,808,082 | 5.80% | 13D (active) amendment | Sep 15, 2025 |
| Denham Mining GP LP | 46,962,166 | 12.50% | 13G (passive) | Sep 3, 2026 |
| VB (Rare Earths) Ltd | 29,544,227 | 7.90% | 13D (active) | Sep 3, 2026 |
| The Energy & Minerals Group Fund V, LP | 29,223,081 | 7.80% | 13G (passive) | Sep 3, 2026 |
| HGC Investment Management Inc. | 2,425,000 | 9.70% | 13G (passive) | Dec 31, 2023 |
| Mizuho Financial Group, Inc. | 2,000,100 | 8.00% | 13G (passive) | Sep 30, 2024 |
| Gutnick Mordechai Zev | 15,580,745 | 6.80% | 13D (active) amendment | Jun 5, 2026 |
| Bayshore Capital Advisors, LLC | 15,469,231 | 18.88% | 13G (passive) | Mar 13, 2025 |
| The Critical Minerals Trust | 13,671,026 | 16.70% | 13D (active) | Mar 13, 2025 |
| BlackRock, Inc. | 12,850,199 | 5.90% | 13G (passive) | Mar 31, 2026 |
| Alyeska Investment Group, L.P. | 12,799,325 | 9.60% | 13G (passive) amendment | Sep 30, 2025 |
| State Street Corporation | 12,065,804 | 5.50% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of USAR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 15,560,453 | 6.36% | $335.79M | +1,474,835 | 0.00% |
| State Street Corp | 13,522,226 | 5.53% | $291.81M | +1,456,478 | 0.01% |
| Alyeska Investment Group, L.P. | 11,290,321 | 4.61% | $243.65M | −5,280,456 | 0.63% |
| UBS Group AG | 8,913,844 | 3.64% | $192.36M | +5,030,029 | 0.02% |
| Price T Rowe Associates Inc /Md/ | 8,913,480 | 3.64% | $192.35K | +5,710,125 | 0.02% |
| Vanguard Capital Management LLC | 8,240,608 | 3.37% | $177.83M | −121,388 | 0.00% |
| Vanguard Portfolio Management LLC | 5,495,447 | 2.25% | $118.59M | +4,087,930 | 0.01% |
| Geode Capital Management, LLC | 4,858,203 | 1.99% | $104.86M | +540,361 | 0.01% |
| Bayshore Capital Advisors, LLC | 4,438,785 | 1.81% | $95.79M | −4,304,431 | 44.72% |
| Renaissance Technologies LLC | 3,951,100 | 1.61% | $85.26M | +2,995,722 | 0.12% |
| Hood River Capital Management LLC | 3,688,848 | 1.51% | $79.61M | −554,093 | 0.58% |
| Marex Group plc | 2,142,369 | 0.88% | $46.23M | +697,144 | 0.20% |
| Reaves W H & Co Inc | 2,000,000 | 0.82% | $43.16M | −320,000 | 0.65% |
| JPMorgan Chase & Co | 1,983,632 | 0.81% | $41.91M | +1,744,534 | 0.00% |
| Citadel Advisors LLC | 1,754,650 | 0.72% | $37.87M | +819,483 | 0.00% |
| Northern Trust Corp | 1,589,753 | 0.65% | $34.31M | +222,433 | 0.00% |
| Charles Schwab Investment Management Inc | 1,518,322 | 0.62% | $32.77M | +68,389 | 0.00% |
| Bank Of America Corp /De/ | 1,518,145 | 0.62% | $32.76M | +95,219 | 0.00% |
| Capital World Investors | 1,500,240 | 0.61% | $32.38M | +51,996 | 0.00% |
| Alliancebernstein L.P. | 1,360,770 | 0.56% | $20.60M | −61,500 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 392 | 138M | 56.5% | 124 / 150 | 62 / 44 | 37M | 26M |
| Q1 2026 | 317 | 128M | 52.2% | 133 / 110 | 37 / 41 | 77M | 7M |
| Q4 2025 | 229 | 64M | 26.0% | 126 / 68 | 22 / 34 | 43M | 10M |
| Q3 2025 | 139 | 31M | 12.8% | 100 / 27 | 6 / 7 | 19M | 0M |
| Q2 2025 | 46 | 13M | 5.2% | 37 / 8 | 1 / 6 | 13M | 1M |
| Q1 2025 | 15 | 2M | 0.7% | 15 / 0 | 0 / 0 | 2M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of USAR | Value | % of fund | As of |
|---|---|---|---|---|---|
| State Street(R) SPDR(R) S&P(R) Metals & Mining ETF | 9,072,585 | 3.71% | $195.79M | 4.47% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 6,021,672 | 2.46% | $129.95M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 4,986,610 | 2.04% | $107.61M | 0.13% | Jun 30, 2026 |
| T. Rowe Price New Horizons Fund, Inc. | 2,312,019 | 0.94% | $49.89M | 0.34% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,172,935 | 0.89% | $46.89M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 2,124,591 | 0.87% | $31.76M | 0.09% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 2,021,252 | 0.83% | $43.62M | 0.04% | Jun 30, 2026 |
| Hood River Small-Cap Growth Fund | 1,842,770 | 0.75% | $39.77M | 0.60% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 1,793,441 | 0.73% | $38.70M | 0.25% | Jun 30, 2026 |
| T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund | 1,548,600 | 0.63% | $33.42M | 0.34% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 1,412,999 | 0.58% | $30.49M | 0.03% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,256,339 | 0.51% | $27.11M | 0.06% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 946,893 | 0.39% | $26.52M | 0.15% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 885,565 | 0.36% | $24.80M | 0.06% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 828,658 | 0.34% | $23.21M | 0.10% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Thrasyvoulos Moraitis | President, Director | 2,080,059 | 0.85% | Sep 8, 2026 |
| Barbara Humpton | Chief Executive Officer, Director | – | – | Oct 3, 2025 |
| Joshua Ballard | Chief Executive Officer, Director | – | – | Aug 15, 2025 |
| William Robert Steele Jr | Chief Financial Officer | 42,002 | 0.02% | May 21, 2026 |
| Valerie Jacob | Chief Legal Officer | – | – | Mar 19, 2026 |
| David Thomas Kronenfeld | Chief Legal Officer | 76,374 | 0.03% | Feb 17, 2026 |
| Stephen James Ridge | Chief Operating Officer | 66,162 | 0.03% | Mar 17, 2025 |
| Christopher J. Boling | Controller and PAO | – | – | Mar 17, 2025 |
| Michael Lawrence Davis | Director | – | – | Sep 8, 2026 |
| Carolyn Trabuco | Director | 18,783 | 0.01% | Aug 21, 2026 |
| Michael Blitzer | Director | 10,234,784 | 4.18% | Jul 20, 2026 |
| Thomas Caulfield | Director | 55,726 | 0.02% | Jul 7, 2026 |
| Otto C. Schwethelm | Director | 30,483 | 0.01% | Jun 4, 2026 |
| Michael F. Senft | Director | 18,199 | 0.01% | Jun 4, 2026 |
| Paul J. Kern | Director | 197,234 | 0.08% | May 21, 2026 |
| Mordechai Zev Gutnick | Director | 15,580,745 | 6.37% | May 21, 2026 |
| Tready Smith | Director | 37,073 | 0.02% | Oct 3, 2025 |
| Mining GP LP Denham | 10% owner | 46,809,526 | 19.13% | Sep 11, 2026 |
| Resources II Holdings (Cayman) LLC Pembroke | 10% owner | – | – | Sep 11, 2026 |
| Mining GP LLC Denham | 10% owner | – | – | Sep 11, 2026 |
| Investment Holdings LLC MVB | 10% owner | – | – | Sep 11, 2026 |
| Mining Fund LP Denham | 10% owner | – | – | Sep 11, 2026 |
| Verde Rare Earths Ltd. Serra | 10% owner | – | – | Sep 11, 2026 |
| Point Holdings II LLC Inflection | – | 3,922,500 | 1.60% | Jan 5, 2026 |
| Bayshore Rare Earths II, LLC | 10% owner | 1,994,537 | 0.82% | Sep 18, 2025 |
| Bayshore Capital Advisors, LLC | 10% owner | 11,808,529 | 4.83% | Sep 18, 2025 |
| Minerals Trust Critical | 10% owner | 13,671,026 | 5.59% | Mar 21, 2025 |
| Harraden Circle Investments, LLC | 10% owner | – | – | Feb 27, 2025 |
| Harraden Circle Investors GP, LP | 10% owner | 892,825 | 0.36% | Feb 27, 2025 |
| Harraden Circle Investors, LP | 10% owner | – | – | Feb 27, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Thomas Caulfield Director | Jul 7, 2026 | Award | +271 | – | – | 3,226 |
| Carolyn Trabuco Director | Jun 8, 2026 | Sale | −13,000 | $22.77 | $296.01K | 18,783 |
| Thomas Caulfield Director | Jun 3, 2026 | Option exercise | +2,548 | – | – | 2,955 |
| Thomas Caulfield Director | Jun 3, 2026 | Award | +407 | – | – | 407 |
| William Robert Steele Jr Chief Financial Officer | May 21, 2026 | Tax withholding | −33,825 | $22.57 | $763.43K | 42,002 |
| Otto C. Schwethelm Director | May 20, 2026 | Option exercise | +12,284 | $22.57 | $277.25K | 30,483 |
| Otto C. Schwethelm Director | May 20, 2026 | Option exercise | +18,199 | $22.57 | $410.75K | 18,199 |
| Mordechai Zev Gutnick Director | May 20, 2026 | Option exercise | +12,284 | $22.57 | $277.25K | 30,483 |
| Mordechai Zev Gutnick Director | May 20, 2026 | Option exercise | +18,199 | $22.57 | $410.75K | 18,199 |
| Paul J. Kern Director | May 20, 2026 | Option exercise | +18,199 | $22.57 | $410.75K | 197,234 |
| Paul J. Kern Director | May 20, 2026 | Option exercise | +12,284 | $22.57 | $277.25K | 209,518 |
| William Robert Steele Jr Chief Financial Officer | May 20, 2026 | Option exercise | +30,331 | $22.57 | $684.57K | 75,827 |
| William Robert Steele Jr Chief Financial Officer | May 20, 2026 | Option exercise | +45,496 | $22.57 | $1.03M | 45,496 |
| Carolyn Trabuco Director | May 20, 2026 | Option exercise | +12,284 | $22.57 | $277.25K | 31,783 |
| Carolyn Trabuco Director | May 20, 2026 | Option exercise | +18,199 | $22.57 | $410.75K | 19,499 |
| Michael F. Senft Director | May 20, 2026 | Option exercise | +18,199 | $22.57 | $410.75K | 18,199 |
| Michael F. Senft Director | May 20, 2026 | Option exercise | +12,284 | $22.57 | $277.25K | 30,483 |
| Michael Blitzer Director | May 20, 2026 | Option exercise | +12,284 | – | – | 859,784 |
| Michael Blitzer Director | May 20, 2026 | Option exercise | +18,199 | – | – | 877,983 |
| Mordechai Zev Gutnick Director | May 15, 2026 | Award | +939,618 | – | – | 15,550,262 |
| Paul J. Kern Director | May 15, 2026 | Award | +11,211 | – | – | 190,246 |
| Mordechai Zev Gutnick Director | Apr 15, 2026 | Award | +939,618 | – | – | 14,610,644 |
| Mordechai Zev Gutnick Director | Apr 15, 2026 | Award | +939,618 | – | – | 14,610,644 |
| Paul J. Kern Director | Apr 15, 2026 | Award | +11,211 | – | – | 179,035 |
| David Thomas Kronenfeld Chief Legal Officer | Feb 12, 2026 | Other | +6,977 | $21.50 | $150.01K | 76,374 |
| Michael Blitzer Director | Jan 29, 2026 | Buy | +100,000 | $21.44 | $2.14M | 847,500 |
| Carolyn Trabuco Director | Jan 29, 2026 | Buy | +1,300 | $22.60 | $29.38K | 1,300 |
| Point Holdings II LLC Inflection – | Jan 1, 2026 | Other | −562,500 | – | – | 0 |
| Bayshore Rare Earths II, LLC 10% owner | Sep 15, 2025 | Other | −1,811,814 | – | – | 1,811,815 |
| Bayshore Rare Earths II, LLC 10% owner | Sep 15, 2025 | Other | −5,904,264 | – | – | 5,904,265 |
| Point Holdings II LLC Inflection – | Sep 15, 2025 | Other | −3,125,000 | – | – | 3,125,000 |
| Michael Blitzer Director, 10% owner | Aug 13, 2025 | Sale | −2,091,849 | $15.75 | $32.95M | 0 |
| Michael Blitzer Director, 10% owner | Aug 13, 2025 | Option exercise | +2,091,849 | – | – | 2,091,849 |
| Paul J. Kern Director | Mar 13, 2025 | Other | +4,699 | – | – | 167,824 |
| David Thomas Kronenfeld CLO and Corporate Secretary | Mar 13, 2025 | Award | +72,870 | – | – | 72,870 |
| Paul J. Kern Director | Mar 13, 2025 | Award | +163,125 | – | – | 163,125 |
| Stephen James Ridge Chief Operating Officer | Mar 13, 2025 | Award | +66,162 | – | – | 66,162 |
| Mordechai Zev Gutnick Director, 10% owner | Mar 13, 2025 | Award | +13,671,026 | – | – | 13,671,026 |
| Tready Smith Director, 10% owner | Mar 13, 2025 | Award | +37,073 | – | – | 37,073 |
| Tready Smith Director, 10% owner | Mar 13, 2025 | Award | +58,777 | – | – | 58,777 |
| Tready Smith Director, 10% owner | Mar 13, 2025 | Award | +3,623,629 | – | – | 3,623,629 |
| Tready Smith Director, 10% owner | Mar 13, 2025 | Award | +11,808,529 | – | – | 11,808,529 |
| Point Holdings II LLC Inflection 10% owner | Mar 12, 2025 | Option exercise | +50,000 | – | – | 6,250,000 |
| Michael Blitzer Chairman and CEO, Director, 10% owner | Nov 18, 2024 | Option exercise | +6,200,000 | – | – | 6,200,000 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Barbara Humpton Former Officer and Director | Oct 2, 2026 | 88,391 | $1.22M | Oct 2, 2026 | Restricted Stock Vesting |
| Carolyn Trabuco Director | Jun 8, 2026 | 13,000 | $295.99K | Jun 8, 2026 | Restricted Stock Vesting |
| Minerals Trust Critical Affiliate, 10% Owner | Jun 5, 2026 | 3,877,565 | $105.08M | Jun 5, 2026 | Inflection Point Acquisition Corp. II acquired privately-held USA Rare Earths in an all-stock acquisition |
| Bayshore Capital Advisors, LLC Director | May 11, 2026 | 176,778 | $4.81M | May 11, 2026 | Stock Award |
| Bayshore Capital Advisors, LLC Director | May 6, 2026 | 100,000 | $2.81M | May 6, 2026 | payment for services rendered |