Who owns THD (THD)
Which tracked institutional funds hold THD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See THD company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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 THD is one-sided between 2025-Q4 and 2026-Q1: 20 added or opened and 3 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
THD’s largest tracked holder by dollar value, State of Tennessee, Department of Treasury, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in THD 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 2025-Q4 and 2026-Q1, across 56 tracked filers holding THD, 32 increased or opened the position and 18 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 THD between the 2025-Q4 and 2026-Q1 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.
New buyers 9
- JANE STREET GROUP, LLC$12M
- CAISSE DES DEPOTS ET CONSIGNATIONS$10M
- BCWM, LLC$4M
- OLD MISSION CAPITAL LLC$3M
- Belvedere Trading LLC$1M
- BANCO BILBAO VIZCAYA ARGENTARIA, S.A.$1M
Full exits 2
- AMERIPRISE FINANCIAL INC$7M
- Trek Financial, LLC$714K
Largest adds
- NAN FUNG TRINITY (HK) LTD$13M
- SUN LIFE FINANCIAL INC$2M
- Millburn Ridgefield LLC /DE/$990K
- Catalyst Capital Advisors LLC$990K
- Bank of New York Mellon Corp$588K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$499K
Largest trims
- State of Tennessee, Department of Treasury$2M
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 |
|---|---|---|---|---|
| State of Tennessee, Department of Treasury trimmed | 741,190 | $51M | 27.0% | 2026-Q1 |
| NAN FUNG TRINITY (HK) LTD added | 510,000 | $35M | 18.6% | 2026-Q1 |
| SUN LIFE FINANCIAL INC added | 220,513 | $15M | 8.0% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 179,188 | $12M | 6.5% | 2026-Q1 |
| CAISSE DES DEPOTS ET CONSIGNATIONS new | 150,000 | $10M | 5.3% | 2026-Q1 |
| Catalyst Capital Advisors LLC added | 74,927 | $5M | 2.7% | 2026-Q1 |
| Millburn Ridgefield LLC /DE/ added | 74,927 | $5M | 2.7% | 2026-Q1 |
| BCWM, LLC new | 59,685 | $4M | 2.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 44,518 | $3M | 1.6% | 2026-Q1 |
| Bank of New York Mellon Corp added | 40,807 | $3M | 1.5% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 36,839 | $3M | 1.3% | 2026-Q1 |
| Korea Investment CORP | 31,469 | $2M | 1.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 23,505 | $2M | 0.9% | 2026-Q1 |
| UBS Group AG trimmed | 22,324 | $2M | 0.8% | 2026-Q1 |
| CITIGROUP INC trimmed | 20,282 | $1M | 0.7% | 2026-Q1 |
| Belvedere Trading LLC new | 16,215 | $1M | 0.6% | 2026-Q1 |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. added | 16,078 | $1M | 0.6% | 2026-Q1 |
| NEW VERNON CAPITAL HOLDINGS II LLC trimmed | 14,400 | $999K | 0.5% | 2026-Q1 |
| Mount Lucas Management LP trimmed | 14,070 | $976K | 0.5% | 2026-Q1 |
| LPL Financial LLC added | 12,281 | $852K | 0.4% | 2026-Q1 |
| Sparta 24 Ltd. new | 12,100 | $839K | 0.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 11,601 | $806K | 0.4% | 2026-Q1 |
| Hilltop Holdings Inc. trimmed | 11,137 | $773K | 0.4% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 10,071 | $674K | 0.4% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. added | 8,997 | $624K | 0.3% | 2026-Q1 |
| SBI Securities Co., Ltd. added | 7,747 | $537K | 0.3% | 2026-Q1 |
| Sigma Planning Corp added | 7,159 | $497K | 0.3% | 2026-Q1 |
| Amundi trimmed | 7,005 | $486K | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 5,939 | $412K | 0.2% | 2026-Q1 |
| NISSAY ASSET MANAGEMENT CORP /JAPAN | 5,594 | $388K | 0.2% | 2026-Q1 |
| Pictet North America Advisors SA | 5,488 | $381K | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC | 5,000 | $347K | 0.2% | 2026-Q1 |
| RBF Capital, LLC | 5,000 | $347K | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 4,859 | $337K | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC | 4,712 | $327K | 0.2% | 2026-Q1 |
| STRS OHIO trimmed | 4,569 | $317K | 0.2% | 2026-Q1 |
| INNEALTA CAPITAL, LLC added | 3,428 | $238K | 0.1% | 2026-Q1 |
| AlphaCentric Advisors LLC trimmed | 2,221 | $154K | 0.1% | 2026-Q1 |
| BlackRock, Inc. added | 2,215 | $154K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 1,210 | $84K | 0.0% | 2026-Q1 |
| RHUMBLINE ADVISERS | 620 | $43K | 0.0% | 2026-Q1 |
| Blue Trust, Inc. | 265 | $18K | 0.0% | 2026-Q1 |
| Pacifica Partners Inc. | 200 | $14K | 0.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS | 131 | $9K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC added | 107 | $7K | 0.0% | 2026-Q1 |
| SUMITOMO MITSUI FINANCIAL GROUP, INC. new | 64 | $4K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 55 | $4K | 0.0% | 2026-Q1 |
| Eukles Asset Management new | 40 | $3K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 39 | $3K | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. new | 27 | $2K | 0.0% | 2026-Q1 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 19 | $1K | 0.0% | 2026-Q1 |
| Fortis Group Advisors, LLC | 11 | $763 | 0.0% | 2026-Q1 |
| ATLAS CAPITAL ADVISORS INC. | 5 | $346 | 0.0% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 4 | $275 | 0.0% | 2026-Q1 |
| Central Pacific Bank - Trust Division | 2 | $139 | 0.0% | 2026-Q1 |
| Covestor Ltd | 5 | — | 0.0% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 121,000 | $7M | 3.8% | 2025-Q4 stale |
| Point72 Europe (London) LLP added | 84,200 | $4M | 2.3% | 2025-Q1 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 51,597 | $3M | 1.4% | 2025-Q2 stale |
| Kite Lake Capital Management (UK) LLP new | 50,000 | $3M | 1.3% | 2025-Q2 stale |
| Trium Capital LLP trimmed | 41,582 | $2M | 1.1% | 2025-Q2 stale |
| Trek Financial, LLC trimmed | 11,964 | $714K | 0.4% | 2025-Q4 stale |
| BANK OF AMERICA CORP /DE/ added | 8,280 | $494K | 0.3% | 2025-Q4 stale |
| Cambridge Investment Research Advisors, Inc. trimmed | 8,698 | $439K | 0.2% | 2025-Q2 stale |
| FLOW TRADERS U.S. LLC trimmed | 6,977 | $411K | 0.2% | 2025-Q3 stale |
| D. E. Shaw & Co., Inc. added | 5,565 | $281K | 0.1% | 2025-Q2 stale |
| Capula Management Ltd trimmed | 4,108 | $245K | 0.1% | 2025-Q4 stale |
| Aspen Grove Capital, LLC added | 4,436 | $224K | 0.1% | 2025-Q2 stale |
| NewEdge Wealth, LLC new | 3,575 | $209K | 0.1% | 2025-Q2 stale |
| USA FINANCIAL FORMULAS new | 2,487 | $148K | 0.1% | 2025-Q4 stale |
| BARCLAYS PLC | 1,000 | $69K | 0.0% | 2025-Q3 stale |
| Federation des caisses Desjardins du Quebec new | 1,000 | $50K | 0.0% | 2025-Q2 stale |
| SIMPLEX TRADING, LLC added | 529 | $26K | 0.0% | 2025-Q2 stale |
| NATIONAL BANK OF CANADA /FI/ added | 350 | $21K | 0.0% | 2025-Q4 stale |
| Steward Partners Investment Advisory, LLC | 49 | $3K | 0.0% | 2025-Q4 stale |
| COMERICA BANK trimmed | 39 | $2K | 0.0% | 2025-Q4 stale |
| RAYMOND JAMES FINANCIAL INC new | 43 | $2K | 0.0% | 2025-Q2 stale |
| Sunbelt Securities, Inc. | 28 | $2K | 0.0% | 2025-Q2 stale |
| ELEVATION POINT WEALTH PARTNERS, LLC new | 33 | $2K | 0.0% | 2025-Q2 stale |
| Qube Research & Technologies Ltd trimmed | 24 | $1K | 0.0% | 2025-Q4 stale |
| Global Retirement Partners, LLC trimmed | 18 | $1K | 0.0% | 2025-Q3 stale |
| PNC Financial Services Group, Inc. | 15 | $779 | 0.0% | 2025-Q1 stale |
| AE Wealth Management LLC | 12 | $707 | 0.0% | 2025-Q3 stale |
| FMR LLC added | 13 | $690 | 0.0% | 2025-Q1 stale |
| IFP Advisors, Inc | 10 | $589 | 0.0% | 2025-Q3 stale |
| PRINCIPAL SECURITIES, INC. new | 1 | $59 | 0.0% | 2025-Q3 stale |
| MAI Capital Management new | 0 | $23 | 0.0% | 2025-Q1 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
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.