Who owns TWM
Which tracked institutional funds hold TWM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TWM 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
2 tracked funds added or opened TWM while 5 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
TWM’s largest tracked holder by dollar value, Trek Financial, LLC, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TWM 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 13 tracked filers holding TWM, 8 increased or opened the position and 11 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 TWM 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 1
- Wasserstein Management, L.P.$7M
Full exits 2
- Trek Financial, LLC$10M
- Cambridge Investment Research Advisors, Inc.$594K
Largest adds
- Hillsdale Investment Management Inc.$531K
Largest trims
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$1M
- GTS SECURITIES LLC$433K
- Tower Research Capital LLC (TRC)$404K
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 |
|---|---|---|---|---|
| Wasserstein Management, L.P. new | 315,900 | $7M | 25.4% | 2026-Q2 |
| Hillsdale Investment Management Inc. added | 144,442 | $3M | 11.6% | 2026-Q2 |
| IMC-Chicago, LLC added | 50,957 | $1M | 4.1% | 2026-Q2 |
| GTS SECURITIES LLC trimmed | 39,866 | $825K | 3.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 37,472 | $775K | 3.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 23,718 | $490K | 1.9% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 21,858 | $452K | 1.8% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 1,491 | $31K | 0.1% | 2026-Q2 |
| OAKWORTH CAPITAL, INC. new | 300 | $6K | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 287 | $6K | 0.0% | 2026-Q2 |
| Sterling Capital Management LLC | 89 | $2K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 80 | $2K | 0.0% | 2026-Q2 |
| MORGAN STANLEY | 2 | $50 | 0.0% | 2026-Q2 |
| Trek Financial, LLC new | 329,558 | $10M | 39.6% | 2026-Q1 stale (1 quarter behind) |
| Cambridge Investment Research Advisors, Inc. new | 19,195 | $594K | 2.3% | 2026-Q1 stale (1 quarter behind) |
| TWO SIGMA SECURITIES, LLC new | 11,268 | $349K | 1.4% | 2026-Q1 stale (1 quarter behind) |
| Squarepoint Ops LLC new | 7,520 | $233K | 0.9% | 2026-Q1 stale (1 quarter behind) |
| FLOW TRADERS U.S. LLC trimmed | 7,109 | $220K | 0.9% | 2026-Q1 stale (1 quarter behind) |
| GROUP ONE TRADING LLC added | 600 | $19K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| AE Wealth Management LLC trimmed | 62 | $2K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 15 | $465 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Prosperity Wealth Management, Inc. new | 10,971 | $351K | 1.4% | 2025-Q4 stale (2 quarters behind) |
| RENAISSANCE TECHNOLOGIES LLC new | 17,600 | $596K | 2.3% | 2025-Q3 stale (3 quarters behind) |
| Headlands Technologies LLC trimmed | 435 | $19K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| RAYMOND JAMES FINANCIAL INC new | 180 | $8K | 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.