Who owns TLSA
Which tracked institutional funds hold TLSA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TLSA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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 TLSA is one-sided between 2026-Q1 and 2026-Q2: 0 added or opened and 1 trimmed or exited — on balance reducing.
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
TLSA’s largest tracked holder by dollar value, Dauntless Investment Group, LLC, sizes it at 2.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 2.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TLSA 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 30 tracked filers holding TLSA, 13 increased or opened the position and 12 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 TLSA 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.
Largest trims
- Dauntless Investment Group, LLC$1M
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 |
|---|---|---|---|---|
| Dauntless Investment Group, LLC trimmed | 1,162,000 | $1M | 36.4% | 2026-Q2 |
| Mid-American Wealth Advisory Group, Inc. new | 323,240 | $414K | 10.1% | 2026-Q2 |
| Zhang Financial LLC added | 125,950 | $161K | 3.9% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 119,238 | $153K | 3.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 80,222 | $103K | 2.5% | 2026-Q2 |
| Focus Partners Wealth | 79,365 | $102K | 2.5% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC | 78,204 | $100K | 2.4% | 2026-Q2 |
| UBS Group AG trimmed | 72,880 | $93K | 2.3% | 2026-Q2 |
| HSBC HOLDINGS PLC | 62,437 | $78K | 1.9% | 2026-Q2 |
| MORGAN STANLEY added | 53,656 | $69K | 1.7% | 2026-Q2 |
| EWA, LLC trimmed | 44,692 | $57K | 1.4% | 2026-Q2 |
| Private Advisor Group, LLC new | 19,645 | $25K | 0.6% | 2026-Q2 |
| China Universal Asset Management Co., Ltd. new | 18,000 | $23K | 0.6% | 2026-Q2 |
| Rachor Investment Advisory Services, LLC | 17,000 | $22K | 0.5% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 16,300 | $21K | 0.5% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 13,794 | $18K | 0.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC new | 13,100 | $17K | 0.4% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 13,000 | $17K | 0.4% | 2026-Q2 |
| Corient Private Wealth LP | 12,179 | $16K | 0.4% | 2026-Q2 |
| JNBA Financial Advisors | 12,000 | $15K | 0.4% | 2026-Q2 |
| LPL Financial LLC | 10,500 | $13K | 0.3% | 2026-Q2 |
| WEALTH ALLIANCE, LLC | 10,350 | $13K | 0.3% | 2026-Q2 |
| Venture Visionary Partners LLC | 10,000 | $13K | 0.3% | 2026-Q2 |
| DiNuzzo Private Wealth, Inc. | 5,000 | $6K | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 2,104 | $2K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 1,000 | $1K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 1,000 | $1K | 0.0% | 2026-Q2 |
| MCGUIRE CAPITAL ADVISORS INC | 867 | $1K | 0.0% | 2026-Q2 |
| Tradewinds Capital Management, LLC | 258 | $331 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 47 | $60 | 0.0% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 157,566 | $184K | 4.5% | 2026-Q1 stale (1 quarter behind) |
| XTX Topco Ltd added | 28,500 | $33K | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Point72 Asset Management, L.P. added | 25,900 | $30K | 0.7% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 17,267 | $20K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Mariner, LLC | 10,000 | $12K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| US BANCORP \DE\ | 1,000 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Bernard Wealth Management Corp. | 500 | $585 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Steward Partners Investment Advisory, LLC | 245 | $287 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 51,589 | $77K | 1.9% | 2025-Q4 stale (2 quarters behind) |
| OMERS ADMINISTRATION Corp trimmed | 39,600 | $59K | 1.4% | 2025-Q4 stale (2 quarters behind) |
| HRT FINANCIAL LP trimmed | 24,504 | $36K | 0.9% | 2025-Q4 stale (2 quarters behind) |
| INDEPENDENT FINANCIAL GROUP, LLC | 15,845 | $24K | 0.6% | 2025-Q4 stale (2 quarters behind) |
| CWM, LLC new | 500 | $1K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ | 518 | $772 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Kovitz Investment Group Partners, LLC | 79,365 | $171K | 4.2% | 2025-Q3 stale (3 quarters behind) |
| Quadrature Capital Ltd new | 37,405 | $81K | 2.0% | 2025-Q3 stale (3 quarters behind) |
| ARS Investment Partners, LLC new | 30,700 | $66K | 1.6% | 2025-Q3 stale (3 quarters behind) |
| BARCLAYS PLC | 47,500 | $46K | 1.1% | 2025-Q3 stale (3 quarters behind) |
| Caitlin John, LLC trimmed | 3,500 | $8K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| SIMPLEX TRADING, LLC added | 67,251 | $106K | 2.6% | 2025-Q2 stale (4 quarters behind) |
| Bison Wealth, LLC | 42,795 | $63K | 1.5% | 2025-Q2 stale (4 quarters behind) |
| TWO SIGMA SECURITIES, LLC trimmed | 17,458 | $28K | 0.7% | 2025-Q2 stale (4 quarters behind) |
| RAYMOND JAMES FINANCIAL INC trimmed | 500 | $790 | 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.