Who owns TWN
Which tracked institutional funds hold TWN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TWN company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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 TWN is one-sided between 2026-Q1 and 2026-Q2: 17 added or opened and 3 trimmed or exited — on balance accumulating.
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
TWN’s largest tracked holder by dollar value, CITY OF LONDON INVESTMENT MANAGEMENT CO LTD, sizes it at 12.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 12.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TWN 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 36 tracked filers holding TWN, 14 increased or opened the position and 13 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 TWN 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
- WOLVERINE ASSET MANAGEMENT LLC$4M
- Atlas Wealth LLC$3M
- JANE STREET GROUP, LLC$991K
Full exits 2
- Karpus Management, Inc.$5M
- Banque Cantonale Vaudoise$2M
Largest adds
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$57M
- LAZARD ASSET MANAGEMENT LLC$28M
- Allspring Global Investments Holdings, LLC$14M
- Saba Capital Management, L.P.$7M
- PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO$3M
- 1607 Capital Partners, LLC$3M
Largest trims
- Almitas Capital LLC$820K
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 |
|---|---|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed | 2,126,252 | $204M | 46.6% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 924,753 | $89M | 20.3% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 481,783 | $46M | 10.6% | 2026-Q2 |
| Saba Capital Management, L.P. | 226,694 | $22M | 5.0% | 2026-Q2 |
| 1607 Capital Partners, LLC trimmed | 110,989 | $11M | 2.4% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 108,047 | $10M | 2.4% | 2026-Q2 |
| STRS OHIO | 70,000 | $7M | 1.5% | 2026-Q2 |
| Matisse Capital trimmed | 69,437 | $7M | 1.5% | 2026-Q2 |
| Rock Creek Group LLC | 66,210 | $6M | 1.5% | 2026-Q2 |
| Thomas J. Herzfeld Advisors, Inc. added | 47,520 | $5M | 1.0% | 2026-Q2 |
| Shaker Financial Services, LLC trimmed | 44,603 | $4M | 1.0% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC new | 42,668 | $4M | 0.9% | 2026-Q2 |
| Atlas Wealth LLC new | 33,993 | $3M | 0.7% | 2026-Q2 |
| MORGAN STANLEY added | 32,403 | $3M | 0.7% | 2026-Q2 |
| CSS LLC/IL trimmed | 16,164 | $2M | 0.4% | 2026-Q2 |
| EVOLVE PRIVATE WEALTH, LLC trimmed | 15,942 | $2M | 0.3% | 2026-Q2 |
| XTX Topco Ltd added | 13,800 | $1M | 0.3% | 2026-Q2 |
| Quantedge Capital Pte Ltd trimmed | 10,736 | $1M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC new | 10,302 | $991K | 0.2% | 2026-Q2 |
| Hudson Portfolio Management LLC trimmed | 6,494 | $625K | 0.1% | 2026-Q2 |
| Logan Stone Capital, LLC | 4,848 | $466K | 0.1% | 2026-Q2 |
| Almitas Capital LLC trimmed | 4,164 | $400K | 0.1% | 2026-Q2 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC added | 3,870 | $372K | 0.1% | 2026-Q2 |
| RAHLFS CAPITAL, LLC | 3,500 | $337K | 0.1% | 2026-Q2 |
| CIBC Bancorp USA Inc. new | 2,866 | $276K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 2,789 | $268K | 0.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP new | 2,766 | $266K | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 1,393 | $134K | 0.0% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC | 1,192 | $115K | 0.0% | 2026-Q2 |
| UBS Group AG added | 409 | $39K | 0.0% | 2026-Q2 |
| Ancora Advisors LLC | 200 | $19K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 66 | $6K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP | 64 | $6K | 0.0% | 2026-Q2 |
| ASSETMARK, INC | 4 | $385 | 0.0% | 2026-Q2 |
| DEUTSCHE BANK AG\ | 1 | $96 | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN | 0 | $10 | 0.0% | 2026-Q2 |
| Karpus Management, Inc. trimmed | 75,028 | $5M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| Banque Cantonale Vaudoise | 25,000 | $2M | 0.4% | 2026-Q1 stale (1 quarter behind) |
| PNC FINANCIAL SERVICES GROUP, INC. | 1,680 | $110K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CIBC Private Wealth Group LLC | 2,085 | $111K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ trimmed | 166 | $9K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. trimmed | 10,250 | $459K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| TOTAL INVESTMENT MANAGEMENT INC new | 1 | $45 | 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.