Who owns TVAL
Which tracked institutional funds hold TVAL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TVAL 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
15 tracked funds added or opened TVAL while 7 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
TVAL’s largest tracked holder by dollar value, PRICE T ROWE ASSOCIATES INC /MD/, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% 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 TVAL 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 39 tracked filers holding TVAL, 29 increased or opened the position and 15 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 TVAL 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 3
- Modern Wealth Management, LLC$20M
- Continuum Advisory, LLC$1M
- BROWN BROTHERS HARRIMAN & CO$536K
Full exits 4
- Cambridge Investment Research Advisors, Inc.$2M
- GOLDMAN SACHS GROUP INC$2M
- HighTower Advisors, LLC$704K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$647K
Largest adds
- LPL Financial LLC$188M
- PRICE T ROWE ASSOCIATES INC /MD/$95M
- MORGAN STANLEY$6M
- OSAIC HOLDINGS, INC.$3M
- Northwest Wealth Advisors, LLC$2M
- Cetera Investment Advisers$2M
Largest trims
- Flaharty Asset Management, LLC$16M
- EverSource Wealth Advisors, LLC$1M
- INDEPENDENT FINANCIAL GROUP, LLC$794K
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 |
|---|---|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ added | 12,806,802 | $534M | 62.3% | 2026-Q2 |
| LPL Financial LLC added | 4,702,854 | $196M | 22.9% | 2026-Q2 |
| MORGAN STANLEY added | 618,978 | $26M | 3.0% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 531,080 | $22M | 2.6% | 2026-Q2 |
| Modern Wealth Management, LLC new | 468,439 | $20M | 2.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 216,975 | $9M | 1.1% | 2026-Q2 |
| Northwest Wealth Advisors, LLC added | 205,589 | $9M | 1.0% | 2026-Q2 |
| Cetera Investment Advisers added | 159,446 | $7M | 0.8% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 108,071 | $5M | 0.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 105,635 | $4M | 0.5% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 103,413 | $4M | 0.5% | 2026-Q2 |
| Hopwood Financial Services, Inc. added | 51,863 | $2M | 0.3% | 2026-Q2 |
| Flaharty Asset Management, LLC trimmed | 42,060 | $2M | 0.2% | 2026-Q2 |
| Corient Private Wealth LP | 40,525 | $2M | 0.2% | 2026-Q2 |
| INDEPENDENT FINANCIAL GROUP, LLC trimmed | 35,704 | $1M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 31,779 | $1M | 0.2% | 2026-Q2 |
| Continuum Advisory, LLC new | 31,775 | $1M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP | 25,000 | $1M | 0.1% | 2026-Q2 |
| N.E.W. Advisory Services LLC added | 23,435 | $977K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 18,708 | $780K | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 17,596 | $733K | 0.1% | 2026-Q2 |
| BROWN BROTHERS HARRIMAN & CO new | 12,857 | $536K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 8,274 | $345K | 0.0% | 2026-Q2 |
| GeoWealth Management, LLC trimmed | 7,737 | $322K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 7,587 | $316K | 0.0% | 2026-Q2 |
| MONEY CONCEPTS CAPITAL CORP | 6,298 | $263K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. added | 3,759 | $157K | 0.0% | 2026-Q2 |
| PRIVATE TRUST CO NA new | 3,522 | $147K | 0.0% | 2026-Q2 |
| VANGUARD ADVISERS INC new | 2,971 | $124K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 2,469 | $103K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC trimmed | 1,047 | $44K | 0.0% | 2026-Q2 |
| Global Retirement Partners, LLC new | 722 | $30K | 0.0% | 2026-Q2 |
| IFG Advisory, LLC new | 490 | $20K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO new | 309 | $13K | 0.0% | 2026-Q2 |
| Harborfront Financial Group LLC new | 157 | $7K | 0.0% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ new | 63 | $3K | 0.0% | 2026-Q2 |
| Cape Investment Advisory, Inc. new | 50 | $2K | 0.0% | 2026-Q2 |
| ASSETMARK, INC new | 31 | $1K | 0.0% | 2026-Q2 |
| Strategic Wealth Partners, Ltd. | 0 | $10 | 0.0% | 2026-Q2 |
| Cambridge Investment Research Advisors, Inc. added | 63,072 | $2M | 0.3% | 2026-Q1 stale (1 quarter behind) |
| GOLDMAN SACHS GROUP INC trimmed | 43,938 | $2M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| HighTower Advisors, LLC added | 19,466 | $704K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 17,896 | $647K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Root Financial Partners, LLC | 1,547 | $56K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG added | 814 | $29K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Western Wealth Management, LLC new | 356 | $13K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Sound Income Strategies, LLC | 240 | $9K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| ROYAL BANK OF CANADA trimmed | 105 | $4K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| DAHRING | CUSMANO LLC added | 12,433 | $438K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Jacksonville Wealth Management, LLC new | 11,017 | $388K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Missouri Trust & Investment Co new | 308 | $11K | 0.0% | 2025-Q3 stale (3 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.