Who owns THM (THM)
Which tracked institutional funds hold THM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See THM 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 THM is one-sided between 2025-Q4 and 2026-Q1: 14 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
THM’s largest tracked holder by dollar value, PAULSON & CO. INC., sizes it at 7.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in THM 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 63 tracked filers holding THM, 34 increased or opened the position and 22 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 THM 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 6
- Greenwich Wealth Management LLC$23M
- TEACHER RETIREMENT SYSTEM OF TEXAS$14M
- FMR LLC$11M
- FRANKLIN RESOURCES INC$10M
- VAN ECK ASSOCIATES CORP$660K
- Covalis Capital LLP$540K
Full exits 1
- MARSHALL WACE, LLP$2M
Largest adds
- PAULSON & CO. INC.$98M
- Electrum Group LLC$20M
- Kopernik Global Investors, LLC$14M
- ACADIAN ASSET MANAGEMENT LLC$2M
- Connor, Clark & Lunn Investment Management Ltd.$743K
- BANK OF AMERICA CORP /DE/$656K
Largest trims
- SPROTT INC.$13M
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 |
|---|---|---|---|---|
| PAULSON & CO. INC. added | 99,573,038 | $229M | 52.0% | 2026-Q1 |
| Electrum Group LLC added | 31,918,825 | $73M | 16.7% | 2026-Q1 |
| Kopernik Global Investors, LLC added | 17,650,432 | $41M | 9.2% | 2026-Q1 |
| SPROTT INC. trimmed | 9,959,165 | $23M | 5.2% | 2026-Q1 |
| Greenwich Wealth Management LLC new | 10,000,000 | $23M | 5.2% | 2026-Q1 |
| TEACHER RETIREMENT SYSTEM OF TEXAS new | 6,250,000 | $14M | 3.3% | 2026-Q1 |
| FMR LLC new | 4,750,000 | $11M | 2.5% | 2026-Q1 |
| FRANKLIN RESOURCES INC new | 4,500,000 | $10M | 2.3% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 904,726 | $2M | 0.5% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 734,044 | $2M | 0.4% | 2026-Q1 |
| SEI INVESTMENTS CO | 600,830 | $1M | 0.3% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 533,757 | $1M | 0.3% | 2026-Q1 |
| EVOKE WEALTH, LLC | 318,750 | $733K | 0.2% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP new | 286,943 | $660K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 285,715 | $657K | 0.1% | 2026-Q1 |
| Covalis Capital LLP new | 235,000 | $540K | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 197,955 | $455K | 0.1% | 2026-Q1 |
| CWA Asset Management Group, LLC added | 156,136 | $359K | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 158,226 | $356K | 0.1% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 129,595 | $298K | 0.1% | 2026-Q1 |
| MORGAN STANLEY trimmed | 116,586 | $268K | 0.1% | 2026-Q1 |
| Empyrean Capital Partners, LP new | 90,000 | $207K | 0.0% | 2026-Q1 |
| CIBC WORLD MARKET INC. new | 86,403 | $200K | 0.0% | 2026-Q1 |
| Hemenway Trust Co LLC | 83,400 | $192K | 0.0% | 2026-Q1 |
| UBS Group AG added | 59,423 | $137K | 0.0% | 2026-Q1 |
| LPL Financial LLC trimmed | 51,800 | $119K | 0.0% | 2026-Q1 |
| BlackRock, Inc. added | 49,142 | $113K | 0.0% | 2026-Q1 |
| XTX Topco Ltd trimmed | 44,981 | $103K | 0.0% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 44,108 | $101K | 0.0% | 2026-Q1 |
| TCI Wealth Advisors, Inc. new | 42,331 | $97K | 0.0% | 2026-Q1 |
| HighTower Advisors, LLC | 40,000 | $92K | 0.0% | 2026-Q1 |
| Concurrent Investment Advisors, LLC | 35,275 | $81K | 0.0% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 34,260 | $79K | 0.0% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 33,991 | $78K | 0.0% | 2026-Q1 |
| Blue Zone Wealth Advisors, LLC | 23,000 | $53K | 0.0% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 22,590 | $52K | 0.0% | 2026-Q1 |
| QUADRANT CAPITAL GROUP LLC | 1,282 | $49K | 0.0% | 2026-Q1 |
| StoneX Group Inc. trimmed | 19,108 | $44K | 0.0% | 2026-Q1 |
| KESTRA PRIVATE WEALTH SERVICES, LLC added | 16,000 | $37K | 0.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 15,404 | $35K | 0.0% | 2026-Q1 |
| Ketron Financial | 14,900 | $34K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 12,400 | $29K | 0.0% | 2026-Q1 |
| Corient Private Wealth LLC | 12,500 | $29K | 0.0% | 2026-Q1 |
| Stratos Wealth Partners, LTD. | 11,812 | $27K | 0.0% | 2026-Q1 |
| TRAPHAGEN INVESTMENT ADVISORS LLC | 11,257 | $26K | 0.0% | 2026-Q1 |
| AXQ CAPITAL, LP new | 10,779 | $25K | 0.0% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 10,731 | $25K | 0.0% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 10,170 | $23K | 0.0% | 2026-Q1 |
| Phil A. Younker & Associates, Ltd. | 10,000 | $23K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 5,500 | $13K | 0.0% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 5,061 | $12K | 0.0% | 2026-Q1 |
| EVERMAY WEALTH MANAGEMENT LLC | 5,000 | $12K | 0.0% | 2026-Q1 |
| Quantbot Technologies LP new | 4,784 | $11K | 0.0% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. new | 2,100 | $5K | 0.0% | 2026-Q1 |
| Federation des caisses Desjardins du Quebec | 2,000 | $4K | 0.0% | 2026-Q1 |
| CITIGROUP INC new | 1,617 | $4K | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC | 700 | $2K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO | 500 | $1K | 0.0% | 2026-Q1 |
| Parallel Advisors, LLC | 412 | $948 | 0.0% | 2026-Q1 |
| Allworth Financial LP new | 270 | $621 | 0.0% | 2026-Q1 |
| SIGNATUREFD, LLC added | 179 | $412 | 0.0% | 2026-Q1 |
| Wilkerson Advisory Group LLC new | 20 | $46 | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. new | 10 | $23 | 0.0% | 2026-Q1 |
| MARSHALL WACE, LLP added | 888,168 | $2M | 0.4% | 2025-Q4 stale |
| Lombard Odier Asset Management (USA) Corp new | 174,203 | $324K | 0.1% | 2025-Q4 stale |
| Cypress Wealth Services, LLC | 129,687 | $241K | 0.1% | 2025-Q4 stale |
| Journey Advisory Group, LLC new | 295,843 | $187K | 0.0% | 2025-Q1 stale |
| Dauntless Investment Group, LLC | 229,746 | $145K | 0.0% | 2025-Q1 stale |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP new | 41,671 | $77K | 0.0% | 2025-Q4 stale |
| WINTON GROUP Ltd new | 36,507 | $68K | 0.0% | 2025-Q4 stale |
| Virtu Financial LLC added | 85,261 | $54K | 0.0% | 2025-Q1 stale |
| Atria Wealth Solutions, Inc. added | 58,000 | $50K | 0.0% | 2025-Q2 stale |
| Cubist Systematic Strategies, LLC new | 26,749 | $44K | 0.0% | 2025-Q3 stale |
| Tradition Wealth Management, LLC trimmed | 26,000 | $43K | 0.0% | 2025-Q3 stale |
| TUDOR INVESTMENT CORP ET AL new | 22,284 | $41K | 0.0% | 2025-Q4 stale |
| Point72 Asset Management, L.P. new | 19,290 | $36K | 0.0% | 2025-Q4 stale |
| CAPTRUST FINANCIAL ADVISORS trimmed | 17,561 | $33K | 0.0% | 2025-Q4 stale |
| TWO SIGMA SECURITIES, LLC trimmed | 17,945 | $29K | 0.0% | 2025-Q3 stale |
| THOMPSON DAVIS & CO., INC. trimmed | 36,000 | $23K | 0.0% | 2025-Q1 stale |
| MILLENNIUM MANAGEMENT LLC added | 11,703 | $22K | 0.0% | 2025-Q4 stale |
| Creative Planning new | 10,547 | $20K | 0.0% | 2025-Q4 stale |
| Rossby Financial, LCC added | 11,000 | $19K | 0.0% | 2025-Q3 stale |
| Tranquility Partners, LLC new | 10,000 | $16K | 0.0% | 2025-Q3 stale |
| SCOTIA CAPITAL INC. trimmed | 10,000 | $16K | 0.0% | 2025-Q3 stale |
| AVANTAX ADVISORY SERVICES, INC. trimmed | 10,048 | $9K | 0.0% | 2025-Q2 stale |
| HRT FINANCIAL LP trimmed | 10,182 | $8K | 0.0% | 2025-Q2 stale |
| Mountain Capital Investment Advisors Inc. | 11,239 | $7K | 0.0% | 2025-Q1 stale |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 500 | $316 | 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.