A number of hedge funds have significant stakes in Odyssey Marine, a company that recently gained title to a colonial-era shipwreck off the coast of England.

Odyssey obtained a default court judgment in its favor this week, passing one hurdle on its way to recovering what could be a literal treasure trove beneath the Atlantic Ocean. The Tampa, Fla.-based company is on track to being the sole salvager of the wreck in a deal that could net it 90% of the value of recovered artifacts.

The wreck, located near the English Channel, has already yielded more than 500,000 silver coins weighing more than 17 tons, along with hundreds of gold coins and other artifacts. The find is believed to be the largest collection of coins ever excavated from a shipwreck. The recovered items are currently undergoing conservation and documentation.

On news of the find and of the court judgment, Odyssey’s stock jumped from $4.60 per share at close of trading on Thursday to $7.50 per share at the opening of trading Friday morning.

Some of the biggest beneficiaries look to be hedge funds. Odyssey’s top two shareholders are GLG Partners, with about 10.3% of the company, and Fortress Investment Group, with about 9.7%. Other major shareholders include Dimensional Fund Advisors, D.E. Shaw & Co. and the appropriately named Galleon Management.

Odyssey has several salvage projects around the world at various stages of recovery. It recently filed for rights in two other wrecks, one in the Mediterranean Sea and the other in the Atlantic off the coast of Gibraltar. The company posted a multi-million dollar loss for first quarter and has been hemorrhaging money since its last big find in 2004.