Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TLF held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Bandera Partners LLC | 2.9M | $6.6M | 0.0% | 35.094% | 2.99% |
| 2 | JCP Investment Management, LLC | 876K | $2.0M | 0.0% | 10.758% | 1.35% |
| 3 | FIRST FOUNDATION ADVISORS | 224K | $518K | -50.1% | 2.755% | 0.02% |
| 4 | Brooklands Fund Management Ltd | 206K | $475K | 0.0% | 2.526% | 0.62% |
| 5 | Value Investment Professionals, LLC | 184K | $425K | 0.0% | 2.259% | 0.48% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 131K | $304K | — | 1.614% | 0.00% |
| 7 | MONEY CONCEPTS CAPITAL CORP | 81K | $186K | 0.0% | 0.990% | 0.01% |
| 8 | Values First Advisors, Inc. | 58K | $134K | +35.8% | 0.710% | 0.07% |
| 9 | GEORGE KAISER FAMILY FOUNDATION | 41K | $95K | 0.0% | 0.505% | 0.01% |
| 10 | VANGUARD FIDUCIARY TRUST CO | 28K | $64K | — | 0.343% | 0.00% |
| 11 | DIMENSIONAL FUND ADVISORS LP | 18K | $42K | -5.5% | 0.221% | 0.00% |
| 12 | RENAISSANCE TECHNOLOGIES LLC | 17K | $39K | -22.3% | 0.205% | 0.00% |
| 13 | GEODE CAPITAL MANAGEMENT, LLC | 15K | $34K | -50.3% | 0.179% | 0.00% |
| 14 | JAMES INVESTMENT RESEARCH INC | 13K | $29K | 0.0% | 0.154% | 0.00% |
| 15 | STATE STREET CORP | 12K | $28K | 0.0% | 0.148% | 0.00% |
| 16 | GWM Advisors LLC | 13K | $13K | 0.0% | 0.154% | 0.00% |
| 17 | Tower Research Capital LLC (TRC) | 2K | $5K | +33.6% | 0.027% | 0.00% |
| 18 | ADVISOR GROUP HOLDINGS, INC. | 848 | $2K | +16.5% | 0.010% | 0.00% |
| 19 | MORGAN STANLEY | 7 | $18 | 0.0% | 0.000% | 0.00% |
| 20 | CALDWELL SUTTER CAPITAL, INC. | 2 | $5 | 0.0% | 0.000% | 0.00% |
| 21 | UBS Group AG | 1 | $2 | -99.1% | 0.000% | 0.00% |
| 22 | WELLS FARGO & COMPANY/MN | 1 | $1 | 0.0% | 0.000% | 0.00% |
| 23 | ROYAL BANK OF CANADA | 8 | $0 | +14.3% | 0.000% | 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 TLF — a direct measure of their conviction.
Filings activity in TLF during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new TLF position in Q1 2026
Institutions that fully closed their TLF 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 | 23 | 12% | 58.56% | 16.34 pp | $11M | 22% |
| Q4 2025 | 26 | +13% | 74.90% | +0.41 pp | $14M | +0.6% |
| Q3 2025 | 23 | 12% | 74.49% | 2.91 pp | $14M | 3.8% |
| Q2 2025 | 26 | +13% | 77.40% | +2.40 pp | $15M | +3.2% |
| Q1 2025 | 23 | +28% | 75.00% | 46.92 pp | $14M | 38% |
| Q4 2024 | 18 | +13% | 121.92% | +15.63 pp | $23M | +15% |
| Q3 2024 | 16 | 11% | 106.29% | 7.61 pp | $20M | 6.7% |
| Q2 2024 | 18 | — | 113.90% | — | $21M | — |
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 TLF stock.
Based on Q1 2026 13F filings, institutional ownership of Tandy Leather Factory, Inc. stands at 58.6%, held across 23 reporting institutions.
Bandera Partners LLC is the largest reported institutional holder of TLF, with approximately 2,857,936 shares worth $0.01B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of TLF, including RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for TLF is 29 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
2 institutions opened new positions in TLF during Q1 2026, while 5 fully exited. 2 added to existing positions and 17 trimmed.
TLF institutional ownership fell by 16.34 percentage points quarter-over-quarter, with a net change of -3 holders.
The top 10 institutions account for 98.3% of all reported 13F value in TLF, 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.
Tandy Leather Factory, Inc. (TLF) Institutional Ownership