Who owns TRPA
Which tracked institutional funds hold TRPA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TRPA company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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
5 tracked funds added or opened TRPA while 7 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
TRPA’s largest tracked holder by dollar value, Fiduciary Planning LLC, 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 TRPA 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 26 tracked filers holding TRPA, 13 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 TRPA 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.
Full exits 1
- JANE STREET GROUP, LLC$1M
Largest adds
- RAYMOND JAMES FINANCIAL INC$3M
- Convergence Financial, LLC$2M
- JONES FINANCIAL COMPANIES LLLP$1M
- ROYAL BANK OF CANADA$471K
- Fiduciary Planning LLC$270K
Largest trims
- GOLDMAN SACHS GROUP INC$5M
- Mariner, LLC$2M
- ForthRight Wealth Management, LLC$2M
- Garden State Investment Advisory Services LLC$551K
- LPL Financial LLC$546K
- OLD MISSION CAPITAL LLC$431K
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 |
|---|---|---|---|---|
| Fiduciary Planning LLC added | 636,154 | $25M | 28.7% | 2026-Q1 |
| LPL Financial LLC trimmed | 224,977 | $9M | 10.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 158,850 | $6M | 7.2% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 120,109 | $5M | 5.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 115,911 | $4M | 5.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 108,543 | $4M | 4.9% | 2026-Q1 |
| Convergence Financial, LLC added | 96,069 | $4M | 4.3% | 2026-Q1 |
| EVERGREEN CAPITAL MANAGEMENT LLC trimmed | 85,675 | $3M | 3.9% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 74,644 | $3M | 3.4% | 2026-Q1 |
| ForthRight Wealth Management, LLC trimmed | 73,954 | $3M | 3.3% | 2026-Q1 |
| FLAGSHIP HARBOR ADVISORS, LLC added | 73,500 | $3M | 3.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 41,560 | $2M | 1.9% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 39,140 | $2M | 1.8% | 2026-Q1 |
| Mariner, LLC trimmed | 33,147 | $1M | 1.5% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 31,154 | $1M | 1.4% | 2026-Q1 |
| Stratos Wealth Partners, LTD. added | 30,901 | $1M | 1.4% | 2026-Q1 |
| Garden State Investment Advisory Services LLC trimmed | 27,416 | $1M | 1.2% | 2026-Q1 |
| Aptus Capital Advisors, LLC trimmed | 26,080 | $1M | 1.2% | 2026-Q1 |
| Regal Investment Advisors LLC trimmed | 19,042 | $738K | 0.9% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 17,750 | $688K | 0.8% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 10,256 | $397K | 0.5% | 2026-Q1 |
| Independent Advisor Alliance new | 10,004 | $388K | 0.5% | 2026-Q1 |
| Kingsview Wealth Management, LLC added | 5,630 | $218K | 0.3% | 2026-Q1 |
| OLD MISSION CAPITAL LLC trimmed | 5,561 | $215K | 0.3% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 5,275 | $204K | 0.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3 | $123 | 0.0% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 41,752 | $2M | 1.9% | 2025-Q3 stale |
| JANE STREET GROUP, LLC trimmed | 34,821 | $1M | 1.6% | 2025-Q4 stale |
| Atria Wealth Solutions, Inc. added | 13,601 | $531K | 0.6% | 2025-Q2 stale |
| Advisor Resource Council new | 9,313 | $362K | 0.4% | 2025-Q1 stale |
| STIFEL FINANCIAL CORP added | 7,904 | $308K | 0.4% | 2025-Q4 stale |
| Oregon Pacific Wealth Management, LLC trimmed | 6,559 | $255K | 0.3% | 2025-Q4 stale |
| AXXCESS WEALTH MANAGEMENT, LLC | 6,392 | $249K | 0.3% | 2025-Q4 stale |
| Quad-Cities Investment Group, LLC trimmed | 5,736 | $223K | 0.3% | 2025-Q3 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 5,590 | $217K | 0.3% | 2025-Q2 stale |
| NewEdge Advisors, LLC trimmed | 5,000 | $194K | 0.2% | 2025-Q1 stale |
| HARBOUR INVESTMENTS, INC. trimmed | 2,363 | $92K | 0.1% | 2025-Q4 stale |
| Westside Investment Management, Inc. | 1,200 | $47K | 0.1% | 2025-Q3 stale |
| UBS Group AG trimmed | 821 | $32K | 0.0% | 2025-Q2 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.