Who owns TLH
Which tracked institutional funds hold TLH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TLH 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
92 tracked funds added or opened TLH while 183 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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
TLH’s largest tracked holder by dollar value, ENVESTNET ASSET MANAGEMENT INC, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TLH 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 596 tracked filers holding TLH, 242 increased or opened the position and 393 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 TLH 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.
New buyers 14
- NewEdge Advisors, LLC$93M
- Banco Santander, S.A.$26M
- Global Retirement Partners, LLC$8M
- Diversify Advisory Services, LLC$7M
- Quadrature Capital Ltd$5M
- SURIENCE PRIVATE WEALTH LLC$4M
Full exits 33
- PARK AVENUE SECURITIES LLC$173M
- CWM, LLC$157M
- Janney Montgomery Scott LLC$150M
- Thrivent Financial for Lutherans$30M
- RS CRUM INC.$29M
- Cambridge Investment Research Advisors, Inc.$28M
Largest adds
- TRUIST FINANCIAL CORP$192M
- MATHER GROUP, LLC.$154M
- BlackRock, Inc.$99M
- Forum Financial Management, LP$72M
- HAMILTON CAPITAL PARTNERS, LLC$52M
- BENJAMIN EDWARDS INC$33M
Largest trims
- ENVESTNET ASSET MANAGEMENT INC$338M
- LPL Financial LLC$153M
- BANK OF AMERICA CORP /DE/$106M
- Envestnet Portfolio Solutions, Inc.$73M
- JPMORGAN CHASE & CO$58M
- Cetera Investment Advisers$45M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC trimmed | 19,652,832 | $2.0B | 20.0% | 2026-Q2 |
| Forum Financial Management, LP added | 9,680,967 | $971M | 9.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 7,056,628 | $708M | 7.2% | 2026-Q2 |
| LPL Financial LLC trimmed | 6,711,248 | $673M | 6.8% | 2026-Q2 |
| BlackRock, Inc. added | 4,710,306 | $473M | 4.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 3,540,643 | $355M | 3.6% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 3,490,075 | $354M | 3.6% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 3,002,613 | $301M | 3.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 2,455,071 | $246M | 2.5% | 2026-Q2 |
| ASSETMARK, INC added | 2,446,904 | $246M | 2.5% | 2026-Q2 |
| Envestnet Portfolio Solutions, Inc. trimmed | 2,288,353 | $230M | 2.3% | 2026-Q2 |
| Dynasty Wealth Management, LLC added | 2,050,071 | $206M | 2.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 1,746,571 | $175M | 1.8% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 1,662,099 | $167M | 1.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1,660,729 | $167M | 1.7% | 2026-Q2 |
| MATHER GROUP, LLC. added | 1,537,777 | $154M | 1.6% | 2026-Q2 |
| RiverFront Investment Group, LLC added | 1,324,932 | $133M | 1.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 1,192,620 | $120M | 1.2% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 1,110,583 | $111M | 1.1% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 931,209 | $93M | 0.9% | 2026-Q2 |
| Destination Wealth Management added | 891,126 | $89M | 0.9% | 2026-Q2 |
| HAMILTON CAPITAL PARTNERS, LLC added | 857,106 | $86M | 0.9% | 2026-Q2 |
| BENJAMIN EDWARDS INC added | 836,231 | $84M | 0.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 809,038 | $81M | 0.8% | 2026-Q2 |
| Quotient Wealth Partners, LLC added | 713,106 | $72M | 0.7% | 2026-Q2 |
| FIRST CITIZENS BANK & TRUST CO trimmed | 672,411 | $67M | 0.7% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 661,234 | $66M | 0.7% | 2026-Q2 |
| OpenArc Corporate Advisory, LLC added | 608,861 | $61M | 0.6% | 2026-Q2 |
| Sanctuary Advisors, LLC trimmed | 600,513 | $60M | 0.6% | 2026-Q2 |
| SAGESPRING WEALTH PARTNERS, LLC added | 561,888 | $56M | 0.6% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 518,894 | $52M | 0.5% | 2026-Q2 |
| Cerity Partners OCIO LLC trimmed | 504,136 | $51M | 0.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 497,357 | $50M | 0.5% | 2026-Q2 |
| UBS Group AG trimmed | 492,146 | $49M | 0.5% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 484,379 | $49M | 0.5% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 456,877 | $46M | 0.5% | 2026-Q2 |
| MAI Capital Management added | 410,403 | $41M | 0.4% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 393,343 | $40M | 0.4% | 2026-Q2 |
| JB Capital LLC trimmed | 371,123 | $37M | 0.4% | 2026-Q2 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC added | 335,581 | $34M | 0.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 298,343 | $29M | 0.3% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC trimmed | 282,330 | $28M | 0.3% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 277,047 | $28M | 0.3% | 2026-Q2 |
| Watchman Group, Inc. added | 275,011 | $28M | 0.3% | 2026-Q2 |
| Banco Santander, S.A. new | 263,210 | $26M | 0.3% | 2026-Q2 |
| CASTLEARK MANAGEMENT LLC | 258,432 | $26M | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 236,696 | $24M | 0.2% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. added | 222,202 | $22M | 0.2% | 2026-Q2 |
| CreativeOne Wealth, LLC added | 220,524 | $22M | 0.2% | 2026-Q2 |
| Modern Wealth Management, LLC trimmed | 215,420 | $22M | 0.2% | 2026-Q2 |
| Savvy Advisors, Inc. added | 207,915 | $21M | 0.2% | 2026-Q2 |
| Vise Technologies, Inc. added | 186,292 | $19M | 0.2% | 2026-Q2 |
| Summit Asset Management, LLC added | 177,429 | $18M | 0.2% | 2026-Q2 |
| Arrow Financial Corp added | 176,255 | $18M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 174,605 | $18M | 0.2% | 2026-Q2 |
| MGO ONE SEVEN LLC added | 173,493 | $17M | 0.2% | 2026-Q2 |
| &PARTNERS added | 170,479 | $17M | 0.2% | 2026-Q2 |
| Goelzer Investment Management, Inc. trimmed | 169,041 | $17M | 0.2% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. added | 166,474 | $17M | 0.2% | 2026-Q2 |
| Icon Wealth Advisors, LLC trimmed | 159,156 | $16M | 0.2% | 2026-Q2 |
| Atria Investments, Inc trimmed | 158,818 | $16M | 0.2% | 2026-Q2 |
| IHT Wealth Management, LLC trimmed | 157,196 | $16M | 0.2% | 2026-Q2 |
| Affinity Capital Advisors, LLC trimmed | 156,580 | $16M | 0.2% | 2026-Q2 |
| Cascade Financial Partners, LLC added | 154,327 | $15M | 0.2% | 2026-Q2 |
| Stone House Investment Management, LLC trimmed | 149,866 | $15M | 0.2% | 2026-Q2 |
| NorthCoast Asset Management LLC added | 145,376 | $15M | 0.1% | 2026-Q2 |
| ABLE Financial Group, LLC added | 145,297 | $15M | 0.1% | 2026-Q2 |
| Keel Point, LLC added | 144,496 | $15M | 0.1% | 2026-Q2 |
| SteelPeak Wealth, LLC trimmed | 137,143 | $14M | 0.1% | 2026-Q2 |
| Kelly Financial Services LLC added | 131,731 | $13M | 0.1% | 2026-Q2 |
| ARVEST INVESTMENTS, INC. added | 127,888 | $13M | 0.1% | 2026-Q2 |
| Trek Financial, LLC trimmed | 126,225 | $13M | 0.1% | 2026-Q2 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO added | 124,705 | $13M | 0.1% | 2026-Q2 |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors added | 123,653 | $12M | 0.1% | 2026-Q2 |
| Net Worth Advisory Group added | 122,891 | $12M | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 121,351 | $12M | 0.1% | 2026-Q2 |
| INTEGRITY ALLIANCE, LLC. trimmed | 111,572 | $11M | 0.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 104,929 | $11M | 0.1% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 103,910 | $10M | 0.1% | 2026-Q2 |
| Avantax Planning Partners, Inc. trimmed | 100,328 | $10M | 0.1% | 2026-Q2 |
| Sharkey, Howes & Javer trimmed | 100,084 | $10M | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 95,603 | $10M | 0.1% | 2026-Q2 |
| Harvest Portfolios Group Inc. trimmed | 92,049 | $9M | 0.1% | 2026-Q2 |
| LIBERTY WEALTH MANAGEMENT LLC | 87,815 | $9M | 0.1% | 2026-Q2 |
| Evergreen Private Wealth LLC trimmed | 84,245 | $8M | 0.1% | 2026-Q2 |
| BEACON FINANCIAL GROUP added | 82,784 | $8M | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 82,579 | $8M | 0.1% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 80,435 | $8M | 0.1% | 2026-Q2 |
| PAX Financial Group, LLC trimmed | 77,515 | $8M | 0.1% | 2026-Q2 |
| Strategic Blueprint, LLC trimmed | 76,682 | $8M | 0.1% | 2026-Q2 |
| Royal Fund Management, LLC added | 76,608 | $8M | 0.1% | 2026-Q2 |
| Global Retirement Partners, LLC trimmed | 75,318 | $8M | 0.1% | 2026-Q2 |
| Creative Planning added | 74,293 | $7M | 0.1% | 2026-Q2 |
| Elevated Financial Group LLC added | 73,018 | $7M | 0.1% | 2026-Q2 |
| Brookstone Capital Management trimmed | 72,686 | $7M | 0.1% | 2026-Q2 |
| Arax Advisory Partners added | 71,575 | $7M | 0.1% | 2026-Q2 |
| ANGELES WEALTH MANAGEMENT, LLC trimmed | 70,568 | $7M | 0.1% | 2026-Q2 |
| EWA, LLC added | 70,327 | $7M | 0.1% | 2026-Q2 |
| Keystone Financial Services trimmed | 70,324 | $7M | 0.1% | 2026-Q2 |
| SCOTIA CAPITAL INC. trimmed | 70,287 | $7M | 0.1% | 2026-Q2 |
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.