Who owns TLH (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-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
154 tracked funds added or opened TLH while 141 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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 0.6% of its own reported 13F book, while the median holder sizes it at 0.4% 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 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 2025-Q4 and 2026-Q1, across 625 tracked filers holding TLH, 340 increased or opened the position and 316 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 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 26
- Cascade Financial Partners, LLC$13M
- Teucrium Investment Advisors, LLC$9M
- FLOW TRADERS U.S. LLC$6M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$6M
- RESOLUTE WEALTH ADVISOR, INC.$5M
- ASHTON THOMAS SECURITIES, LLC$4M
Full exits 32
- NewEdge Advisors, LLC$99M
- High Falls Advisors, Inc$18M
- Keel Point, LLC$14M
- Global Retirement Partners, LLC$9M
- JANE STREET GROUP, LLC$9M
- GenWealth Group, Inc.$7M
Largest adds
- FIRST CITIZENS BANK & TRUST CO$94M
- Envestnet Portfolio Solutions, Inc.$72M
- Dynasty Wealth Management, LLC$60M
- BANK OF AMERICA CORP /DE/$48M
- Forum Financial Management, LP$36M
- OpenArc Corporate Advisory, LLC$34M
Largest trims
- LPL Financial LLC$113M
- Richard Bernstein Advisors LLC$107M
- ENVESTNET ASSET MANAGEMENT INC$87M
- AMERIPRISE FINANCIAL INC$82M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$76M
- MML INVESTORS SERVICES, LLC$51M
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 |
|---|---|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC trimmed | 22,940,870 | $2.3B | 21.5% | 2026-Q1 |
| Forum Financial Management, LP added | 8,935,374 | $900M | 8.4% | 2026-Q1 |
| LPL Financial LLC trimmed | 8,209,020 | $827M | 7.7% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 8,083,555 | $814M | 7.6% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 4,093,149 | $412M | 3.8% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,771,694 | $380M | 3.5% | 2026-Q1 |
| BlackRock, Inc. trimmed | 3,714,962 | $374M | 3.5% | 2026-Q1 |
| Envestnet Portfolio Solutions, Inc. added | 3,008,428 | $303M | 2.8% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 2,394,057 | $243M | 2.3% | 2026-Q1 |
| ASSETMARK, INC added | 2,270,608 | $229M | 2.1% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 2,106,252 | $212M | 2.0% | 2026-Q1 |
| Dynasty Wealth Management, LLC added | 1,834,991 | $185M | 1.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,724,258 | $174M | 1.6% | 2026-Q1 |
| PARK AVENUE SECURITIES LLC trimmed | 1,718,413 | $173M | 1.6% | 2026-Q1 |
| CWM, LLC trimmed | 1,558,713 | $157M | 1.5% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 1,491,747 | $150M | 1.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 1,467,293 | $148M | 1.4% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 1,364,327 | $137M | 1.3% | 2026-Q1 |
| RiverFront Investment Group, LLC added | 1,321,393 | $133M | 1.2% | 2026-Q1 |
| Bank of New York Mellon Corp added | 1,296,794 | $131M | 1.2% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 1,085,184 | $109M | 1.0% | 2026-Q1 |
| FIRST CITIZENS BANK & TRUST CO added | 942,313 | $95M | 0.9% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 903,192 | $91M | 0.8% | 2026-Q1 |
| Destination Wealth Management added | 862,821 | $87M | 0.8% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 767,255 | $77M | 0.7% | 2026-Q1 |
| Sanctuary Advisors, LLC trimmed | 681,690 | $69M | 0.6% | 2026-Q1 |
| Quotient Wealth Partners, LLC added | 667,619 | $67M | 0.6% | 2026-Q1 |
| UBS Group AG added | 636,564 | $64M | 0.6% | 2026-Q1 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC trimmed | 574,363 | $58M | 0.5% | 2026-Q1 |
| Cerity Partners OCIO LLC trimmed | 555,322 | $56M | 0.5% | 2026-Q1 |
| SAGESPRING WEALTH PARTNERS, LLC added | 522,773 | $53M | 0.5% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 521,187 | $52M | 0.5% | 2026-Q1 |
| BENJAMIN EDWARDS INC trimmed | 506,333 | $51M | 0.5% | 2026-Q1 |
| JB Capital LLC added | 497,532 | $50M | 0.5% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 491,441 | $49M | 0.5% | 2026-Q1 |
| OpenArc Corporate Advisory, LLC added | 478,358 | $48M | 0.4% | 2026-Q1 |
| Foundations Investment Advisors, LLC trimmed | 451,692 | $45M | 0.4% | 2026-Q1 |
| MAI Capital Management added | 403,265 | $41M | 0.4% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 369,574 | $37M | 0.3% | 2026-Q1 |
| HAMILTON CAPITAL PARTNERS, LLC trimmed | 340,651 | $34M | 0.3% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 313,418 | $32M | 0.3% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 296,737 | $30M | 0.3% | 2026-Q1 |
| RS CRUM INC. trimmed | 290,136 | $29M | 0.3% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC trimmed | 285,588 | $29M | 0.3% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 285,278 | $29M | 0.3% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 278,322 | $28M | 0.3% | 2026-Q1 |
| Watchman Group, Inc. added | 271,037 | $27M | 0.3% | 2026-Q1 |
| Estate Counselors, LLC added | 265,219 | $27M | 0.2% | 2026-Q1 |
| CASTLEARK MANAGEMENT LLC | 258,432 | $26M | 0.2% | 2026-Q1 |
| Modern Wealth Management, LLC added | 229,825 | $23M | 0.2% | 2026-Q1 |
| IHT Wealth Management, LLC trimmed | 218,841 | $22M | 0.2% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 205,868 | $21M | 0.2% | 2026-Q1 |
| Savvy Advisors, Inc. trimmed | 202,570 | $20M | 0.2% | 2026-Q1 |
| Icon Wealth Advisors, LLC trimmed | 202,864 | $20M | 0.2% | 2026-Q1 |
| Pinnacle Financial Partners, Inc. added | 200,496 | $20M | 0.2% | 2026-Q1 |
| CreativeOne Wealth, LLC added | 198,794 | $20M | 0.2% | 2026-Q1 |
| Atria Investments, Inc trimmed | 186,094 | $19M | 0.2% | 2026-Q1 |
| Stone House Investment Management, LLC added | 181,522 | $18M | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 176,965 | $18M | 0.2% | 2026-Q1 |
| Goelzer Investment Management, Inc. added | 175,727 | $18M | 0.2% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 175,570 | $18M | 0.2% | 2026-Q1 |
| Summit Asset Management, LLC added | 173,713 | $17M | 0.2% | 2026-Q1 |
| MGO ONE SEVEN LLC added | 170,532 | $17M | 0.2% | 2026-Q1 |
| Commonwealth Financial Services, LLC trimmed | 163,337 | $16M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 165,251 | $16M | 0.2% | 2026-Q1 |
| Affinity Capital Advisors, LLC added | 161,026 | $16M | 0.2% | 2026-Q1 |
| SteelPeak Wealth, LLC added | 160,719 | $16M | 0.2% | 2026-Q1 |
| Triad Wealth Partners, LLC added | 148,453 | $15M | 0.1% | 2026-Q1 |
| INTEGRITY ALLIANCE, LLC. added | 142,351 | $14M | 0.1% | 2026-Q1 |
| Trek Financial, LLC added | 141,525 | $14M | 0.1% | 2026-Q1 |
| Sharkey, Howes & Javer trimmed | 141,128 | $14M | 0.1% | 2026-Q1 |
| McKinley Carter Wealth Services, Inc. added | 131,421 | $13M | 0.1% | 2026-Q1 |
| Johnson Bixby & Associates, LLC trimmed | 128,344 | $13M | 0.1% | 2026-Q1 |
| Orion Porfolio Solutions, LLC trimmed | 127,460 | $13M | 0.1% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 124,991 | $13M | 0.1% | 2026-Q1 |
| Cascade Financial Partners, LLC new | 126,045 | $13M | 0.1% | 2026-Q1 |
| Capital Analysts, LLC trimmed | 124,852 | $13M | 0.1% | 2026-Q1 |
| &PARTNERS added | 123,564 | $12M | 0.1% | 2026-Q1 |
| Kelly Financial Services LLC trimmed | 122,456 | $12M | 0.1% | 2026-Q1 |
| ARVEST INVESTMENTS, INC. added | 119,499 | $12M | 0.1% | 2026-Q1 |
| NorthCoast Asset Management LLC added | 118,662 | $12M | 0.1% | 2026-Q1 |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors added | 114,241 | $12M | 0.1% | 2026-Q1 |
| Harvest Portfolios Group Inc. trimmed | 112,088 | $11M | 0.1% | 2026-Q1 |
| Concurrent Investment Advisors, LLC added | 106,967 | $11M | 0.1% | 2026-Q1 |
| Avantax Planning Partners, Inc. added | 105,266 | $11M | 0.1% | 2026-Q1 |
| Gateway Wealth Partners, LLC added | 104,261 | $11M | 0.1% | 2026-Q1 |
| Integrated Wealth Concepts LLC added | 97,318 | $10M | 0.1% | 2026-Q1 |
| Hughes Financial Services, LLC added | 95,109 | $10M | 0.1% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 94,526 | $9M | 0.1% | 2026-Q1 |
| Vise Technologies, Inc. | 91,798 | $9M | 0.1% | 2026-Q1 |
| Arrow Financial Corp added | 90,264 | $9M | 0.1% | 2026-Q1 |
| NewEdge Advisors, LLC added | 977,202 | $99M | 0.9% | 2025-Q4 stale |
| Smith Anglin Financial, LLC added | 403,125 | $41M | 0.4% | 2025-Q2 stale |
| FIL Ltd new | 323,986 | $34M | 0.3% | 2025-Q1 stale |
| High Falls Advisors, Inc added | 172,268 | $18M | 0.2% | 2025-Q4 stale |
| SYON CAPITAL LLC added | 150,274 | $16M | 0.1% | 2025-Q1 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 145,531 | $15M | 0.1% | 2025-Q2 stale |
| Keel Point, LLC added | 142,377 | $14M | 0.1% | 2025-Q4 stale |
| Atria Wealth Solutions, Inc. trimmed | 102,224 | $10M | 0.1% | 2025-Q2 stale |
| Global Retirement Partners, LLC added | 91,178 | $9M | 0.1% | 2025-Q4 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.