Who owns TSEL (TSEL)
Which tracked institutional funds hold TSEL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TSEL 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
3 tracked funds added or opened TSEL while 3 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
TSEL’s largest tracked holder by dollar value, A&I FINANCIAL SERVICES, LLC, sizes it at 14.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 14.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TSEL 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 11 tracked filers holding TSEL, 9 increased or opened the position and 4 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 TSEL 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
- PUFF WEALTH MANAGEMENT, LLC$1M
Largest adds
- SHUFRO ROSE & CO LLC$1M
- SBE LLC DBA CEDAR COVE WEALTH PARTNERS$512K
- Tidal Investments LLC$276K
Largest trims
- Thrivent Financial for Lutherans$7M
- FORT WASHINGTON INVESTMENT ADVISORS INC /OH/$728K
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 |
|---|---|---|---|---|
| A&I FINANCIAL SERVICES, LLC added | 1,195,686 | $30M | 32.8% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 648,287 | $16M | 17.8% | 2026-Q1 |
| SBE LLC DBA CEDAR COVE WEALTH PARTNERS added | 585,952 | $14M | 16.1% | 2026-Q1 |
| SHUFRO ROSE & CO LLC added | 579,154 | $14M | 15.9% | 2026-Q1 |
| Tactive Advisors, LLC added | 296,624 | $7M | 8.1% | 2026-Q1 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 200,040 | $5M | 5.5% | 2026-Q1 |
| Tidal Investments LLC added | 31,713 | $784K | 0.9% | 2026-Q1 |
| Blue Line Capital, LLC / IL added | 23,797 | $588K | 0.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 20,059 | $496K | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO new | 4,111 | $97K | 0.1% | 2026-Q1 |
| US BANCORP \DE\ new | 3,466 | $86K | 0.1% | 2026-Q1 |
| PUFF WEALTH MANAGEMENT, LLC new | 43,476 | $1M | 1.4% | 2025-Q4 stale |
| CITADEL ADVISORS LLC trimmed | 10,266 | $291K | 0.3% | 2025-Q4 stale |
| MORGAN STANLEY | 550 | $16K | 0.0% | 2025-Q4 stale |
| SOA Wealth Advisors, LLC. new | 39 | $1K | 0.0% | 2025-Q3 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.