Who owns Two Harbors Investment (TWO)
Which tracked institutional funds hold TWO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TWO company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
54 tracked funds added or opened TWO while 30 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
TWO’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TWO 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 215 tracked filers holding TWO, 125 increased or opened the position and 106 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 TWO 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 8
- Qube Research & Technologies Ltd$14M
- Fort Baker Capital Management LP$5M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$2M
- Groupe la Francaise$1M
- DLD Asset Management, LP$1M
- NINE MASTS CAPITAL Ltd$1M
Full exits 15
- First Trust Capital Management L.P.$12M
- NEXPOINT ASSET MANAGEMENT, L.P.$12M
- Slotnik Capital, LLC$4M
- NORGES BANK$3M
- CITADEL ADVISORS LLC$2M
- ExodusPoint Capital Management, LP$2M
Largest adds
- BlackRock, Inc.$72M
- Sand Grove Capital Management LLP$20M
- BANK OF AMERICA CORP /DE/$17M
- Squarepoint Ops LLC$17M
- AQR Arbitrage LLC$15M
- Melqart Asset Management (UK) Ltd$11M
Largest trims
- BALYASNY ASSET MANAGEMENT L.P.$49M
- TIG Advisors, LLC$15M
- BARCLAYS PLC$8M
- Pekin Hardy Strauss, Inc.$5M
- MILLENNIUM MANAGEMENT LLC$5M
- UBS Group AG$5M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 17,057,600 | $212M | 21.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 6,186,102 | $77M | 7.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 4,656,908 | $58M | 5.8% | 2026-Q2 |
| Sand Grove Capital Management LLP added | 4,494,970 | $56M | 5.6% | 2026-Q2 |
| STATE STREET CORP added | 4,168,926 | $52M | 5.2% | 2026-Q2 |
| AQR Arbitrage LLC added | 3,094,518 | $38M | 3.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,733,957 | $34M | 3.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,014,242 | $25M | 2.5% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 1,894,045 | $24M | 2.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,792,765 | $22M | 2.2% | 2026-Q2 |
| Squarepoint Ops LLC added | 1,748,877 | $22M | 2.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 1,576,808 | $18M | 1.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 1,564,654 | $19M | 2.0% | 2026-Q2 |
| Invesco Ltd. trimmed | 1,512,163 | $19M | 1.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,287,282 | $16M | 1.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,263,989 | $16M | 1.6% | 2026-Q2 |
| Melqart Asset Management (UK) Ltd added | 1,201,262 | $15M | 1.5% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 1,146,434 | $14M | 1.4% | 2026-Q2 |
| Governors Lane LP added | 1,072,123 | $13M | 1.3% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,040,487 | $13M | 1.3% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 976,899 | $12M | 1.2% | 2026-Q2 |
| UBS Group AG trimmed | 964,744 | $12M | 1.2% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 888,424 | $11M | 1.1% | 2026-Q2 |
| MORGAN STANLEY trimmed | 863,568 | $11M | 1.1% | 2026-Q2 |
| Man Group plc added | 831,450 | $10M | 1.0% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 803,897 | $10M | 1.0% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 694,657 | $9M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 694,212 | $9M | 0.9% | 2026-Q2 |
| GABELLI FUNDS LLC added | 675,085 | $8M | 0.8% | 2026-Q2 |
| ALPINE ASSOCIATES MANAGEMENT INC. trimmed | 661,234 | $8M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 612,432 | $8M | 0.8% | 2026-Q2 |
| CREDIT INDUSTRIEL ET COMMERCIAL added | 602,257 | $7M | 0.8% | 2026-Q2 |
| Advisors Asset Management, Inc. trimmed | 593,402 | $7M | 0.7% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 568,693 | $7M | 0.7% | 2026-Q2 |
| GABELLI & Co INVESTMENT ADVISERS, INC. added | 518,237 | $6M | 0.6% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 507,717 | $6M | 0.6% | 2026-Q2 |
| Verition Fund Management LLC added | 465,512 | $6M | 0.6% | 2026-Q2 |
| Fort Baker Capital Management LP new | 386,971 | $5M | 0.5% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 363,688 | $5M | 0.5% | 2026-Q2 |
| Polar Asset Management Partners Inc. added | 333,060 | $4M | 0.4% | 2026-Q2 |
| Nuveen, LLC added | 301,697 | $4M | 0.4% | 2026-Q2 |
| Centiva Capital, LP added | 300,000 | $4M | 0.4% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 268,865 | $3M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 265,229 | $3M | 0.3% | 2026-Q2 |
| GraniteShares Advisors LLC added | 264,265 | $3M | 0.3% | 2026-Q2 |
| Legal & General Group Plc added | 249,837 | $3M | 0.3% | 2026-Q2 |
| Swiss National Bank added | 210,788 | $3M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 195,940 | $2M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 187,592 | $2M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 173,984 | $2M | 0.2% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 158,676 | $2M | 0.2% | 2026-Q2 |
| HARVEST MANAGEMENT LLC trimmed | 141,573 | $2M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 138,589 | $2M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 128,523 | $2M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 119,969 | $1M | 0.1% | 2026-Q2 |
| Groupe la Francaise new | 116,257 | $1M | 0.1% | 2026-Q2 |
| DLD Asset Management, LP new | 114,903 | $1M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 113,455 | $1M | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 109,056 | $1M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 102,578 | $1M | 0.1% | 2026-Q2 |
| CAXTON ASSOCIATES LLP added | 97,899 | $1M | 0.1% | 2026-Q2 |
| NINE MASTS CAPITAL Ltd added | 90,600 | $1M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 87,661 | $1M | 0.1% | 2026-Q2 |
| CSS LLC/IL added | 78,175 | $970K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 76,288 | $1M | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 71,516 | $888K | 0.1% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC added | 71,486 | $887K | 0.1% | 2026-Q2 |
| ABC ARBITRAGE SA added | 69,374 | $861K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 68,847 | $854K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 62,162 | $771K | 0.1% | 2026-Q2 |
| TIG Advisors, LLC trimmed | 61,680 | $765K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 61,560 | $764K | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 58,265 | $723K | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 57,605 | $715K | 0.1% | 2026-Q2 |
| GUGGENHEIM CAPITAL LLC trimmed | 56,022 | $695K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 55,503 | $689K | 0.1% | 2026-Q2 |
| Blackstone Inc. | 53,677 | $666K | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 53,040 | $658K | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 50,000 | $620K | 0.1% | 2026-Q2 |
| Louisiana State Employees Retirement System | 46,500 | $531K | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 42,833 | $532K | 0.1% | 2026-Q2 |
| Simplicity Wealth,LLC trimmed | 42,791 | $531K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 40,641 | $504K | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 40,077 | $497K | 0.1% | 2026-Q2 |
| MARSHALL WACE, LLP added | 35,443 | $440K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 32,976 | $409K | 0.0% | 2026-Q2 |
| MARINER INVESTMENT GROUP LLC | 32,776 | $407K | 0.0% | 2026-Q2 |
| State of Tennessee, Department of Treasury added | 32,197 | $400K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 31,434 | $390K | 0.0% | 2026-Q2 |
| ARIZONA STATE RETIREMENT SYSTEM added | 28,985 | $360K | 0.0% | 2026-Q2 |
| APS Management Group, Inc. trimmed | 28,265 | $351K | 0.0% | 2026-Q2 |
| AlphaGrep UK Ltd new | 28,100 | $349K | 0.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 27,831 | $345K | 0.0% | 2026-Q2 |
| YOUSIF CAPITAL MANAGEMENT, LLC trimmed | 27,789 | $345K | 0.0% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | 27,773 | $345K | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 26,309 | $326K | 0.0% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 25,728 | $319K | 0.0% | 2026-Q2 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS trimmed | 24,910 | $309K | 0.0% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 24,463 | $304K | 0.0% | 2026-Q2 |
| OREGON PUBLIC EMPLOYEES RETIREMENT FUND trimmed | 23,900 | $297K | 0.0% | 2026-Q2 |
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.