Who owns TDF
Which tracked institutional funds hold TDF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TDF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on TDF is one-sided between 2026-Q1 and 2026-Q2: 8 added or opened and 2 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TDF’s largest tracked holder by dollar value, CITY OF LONDON INVESTMENT MANAGEMENT CO LTD, sizes it at 5.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TDF divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 48 tracked filers holding TDF, 22 increased or opened the position and 13 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TDF between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Full exits 1
- COHEN & STEERS, INC.$1M
Largest adds
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$2M
- LAZARD ASSET MANAGEMENT LLC$1M
- PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO$565K
- RAYMOND JAMES FINANCIAL INC$324K
- MORGAN STANLEY$296K
- 180 WEALTH ADVISORS, LLC$268K
Largest trims
- WOLVERINE ASSET MANAGEMENT LLC$740K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed | 8,889,445 | $97M | 48.8% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 1,912,569 | $21M | 10.5% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 1,889,456 | $21M | 10.4% | 2026-Q2 |
| Karpus Management, Inc. added | 871,955 | $9M | 4.8% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 603,658 | $7M | 3.3% | 2026-Q2 |
| Uncommon Cents Investing LLC trimmed | 545,650 | $6M | 3.0% | 2026-Q2 |
| Saba Capital Management, L.P. | 539,260 | $6M | 3.0% | 2026-Q2 |
| Matisse Capital trimmed | 341,875 | $4M | 1.9% | 2026-Q2 |
| 1607 Capital Partners, LLC | 341,657 | $4M | 1.9% | 2026-Q2 |
| 180 WEALTH ADVISORS, LLC added | 329,251 | $4M | 1.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 326,089 | $4M | 1.8% | 2026-Q2 |
| MORGAN STANLEY added | 324,507 | $4M | 1.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 285,273 | $3M | 1.6% | 2026-Q2 |
| Shaker Financial Services, LLC added | 181,701 | $2M | 1.0% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 102,921 | $1M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 75,992 | $828K | 0.4% | 2026-Q2 |
| Compound Planning, Inc. added | 67,650 | $737K | 0.4% | 2026-Q2 |
| Quantedge Capital Pte Ltd added | 54,016 | $588K | 0.3% | 2026-Q2 |
| LPL Financial LLC added | 32,732 | $356K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 28,606 | $312K | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 23,564 | $257K | 0.1% | 2026-Q2 |
| Baltimore-Washington Financial Advisors, Inc. | 22,865 | $249K | 0.1% | 2026-Q2 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC trimmed | 20,059 | $220K | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 19,755 | $215K | 0.1% | 2026-Q2 |
| CSS LLC/IL trimmed | 18,715 | $204K | 0.1% | 2026-Q2 |
| Dakota Wealth Management added | 18,055 | $197K | 0.1% | 2026-Q2 |
| UBS Group AG trimmed | 17,472 | $190K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 16,895 | $184K | 0.1% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 16,801 | $183K | 0.1% | 2026-Q2 |
| Rathbones Group PLC | 15,200 | $166K | 0.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. | 12,252 | $133K | 0.1% | 2026-Q2 |
| Diversified Enterprises, LLC added | 11,660 | $127K | 0.1% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 5,473 | $60K | 0.0% | 2026-Q2 |
| Clearstead Advisors, LLC | 5,078 | $55K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 4,937 | $54K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 3,747 | $41K | 0.0% | 2026-Q2 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC | 2,100 | $23K | 0.0% | 2026-Q2 |
| Advocate Investing Services LLC | 2,000 | $22K | 0.0% | 2026-Q2 |
| Westside Investment Management, Inc. | 1,865 | $20K | 0.0% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 1,533 | $17K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP | 1,499 | $16K | 0.0% | 2026-Q2 |
| Basepoint Wealth LLC added | 619 | $7K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ | 495 | $5K | 0.0% | 2026-Q2 |
| Geneos Wealth Management Inc. | 443 | $5K | 0.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec | 360 | $4K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc | 324 | $4K | 0.0% | 2026-Q2 |
| TRUST CO OF VERMONT new | 134 | $1K | 0.0% | 2026-Q2 |
| Glen Eagle Advisors, LLC | 13 | $139 | 0.0% | 2026-Q2 |
| COHEN & STEERS, INC. added | 108,960 | $1M | 0.6% | 2026-Q1 stale (1 quarter behind) |
| JTC Employer Solutions Trustee Ltd | 7,007 | $74K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC | 250 | $3K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| FLAGSHIP HARBOR ADVISORS, LLC new | 4,500 | $51K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 17 | $18K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| CoreCap Advisors, LLC new | 1,200 | $14K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Newbridge Financial Services Group, Inc. added | 58,095 | $677K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| HARBOUR INVESTMENTS, INC. | 536 | $6K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 30,136 | $301K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| Almitas Capital LLC trimmed | 14,846 | $148K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| HighTower Advisors, LLC trimmed | 10,152 | $101K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| ELEVATION POINT WEALTH PARTNERS, LLC new | 317 | $3K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.