Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in THCH held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | SC CHINA HOLDING Ltd | 2.9M | $7.5M | 0.0% | 9.054% | 0.47% |
| 2 | SONA ASSET MANAGEMENT (US) LLC | 100K | $206K | 0.0% | 0.312% | 0.01% |
| 3 | CITADEL ADVISORS LLC | 56K | $111K | +31.5% | 0.174% | 0.00% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 25K | $50K | -5.6% | 0.078% | 0.00% |
| 5 | LMR Partners LLP | 22K | $45K | 0.0% | 0.068% | 0.00% |
| 6 | Neuberger Berman Group LLC | 20K | $41K | — | 0.062% | 0.00% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 19K | $37K | 0.0% | 0.058% | 0.00% |
| 8 | Shaolin Capital Management LLC | 13K | $26K | 0.0% | 0.039% | 0.00% |
| 9 | ROYAL BANK OF CANADA | 6K | $12K | 0.0% | 0.019% | 0.00% |
| 10 | CREDIT INDUSTRIEL ET COMMERCIAL | 856 | $2K | 0.0% | 0.003% | 0.00% |
| 11 | UBS Group AG | 208 | $428 | +1.5% | 0.001% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in THCH — a direct measure of their conviction.
Filings activity in THCH during Q1 2026, grouped by how each filer changed its position.
Institutions that fully closed their THCH position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 11 | 15% | 14.56% | +0.88 pp | $8M | +6.5% |
| Q4 2025 | 13 | 13% | 13.68% | 1.32 pp | $8M | 8.8% |
| Q3 2025 | 15 | 12% | 15.00% | 3.00 pp | $8M | 17% |
| Q2 2025 | 17 | +0.0% | 18.00% | +1.98 pp | $10M | +12% |
| Q1 2025 | 17 | 23% | 16.02% | 65.38 pp | $9M | 80% |
| Q4 2024 | 22 | 8.3% | 81.40% | +59.62 pp | $45M | +274% |
| Q3 2024 | 24 | +0.0% | 21.78% | +0.34 pp | $12M | +1.6% |
| Q2 2024 | 24 | — | 21.44% | — | $12M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying THCH stock.
Based on Q1 2026 13F filings, institutional ownership of TH International Limited stands at 14.6%, held across 11 reporting institutions.
SC CHINA HOLDING Ltd is the largest reported institutional holder of THCH, with approximately 2,900,606 shares worth $0.01B as of Q1 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of THCH, including CITADEL ADVISORS LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for THCH is 50 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
1 institutions opened new positions in THCH during Q1 2026, while 3 fully exited. 2 added to existing positions and 8 trimmed.
THCH institutional ownership rose by 0.88 percentage points quarter-over-quarter, with a net change of -2 holders.
The top 10 institutions account for 100.0% of all reported 13F value in THCH, and the top 25 account for 100.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
TH International Limited (THCH) Institutional Ownership