| 0.00% |
| 4 | DIMENSIONAL FUND ADVISORS LP | 2.3M | $81.2M | +4.2% | 6.002% | 0.02% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.8M | $63.8M | — | 4.715% | 0.00% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 1.6M | $56.8M | — | 4.200% | 0.00% |
| 7 | Jefferies Financial Group Inc. | 1.5M | $55.7M | -0.2% | 4.116% | 0.38% |
| 8 | MORGAN STANLEY | 1.5M | $53.6M | +85.6% | 3.960% | 0.00% |
| 9 | Permian Investment Partners, LP | 1.2M | $43.2M | +46.0% | 3.194% | 4.78% |
| 10 | ADVISORY RESEARCH INC | 1.1M | $40.2M | +2.2% | 2.974% | 4.95% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 873K | $31.4M | -0.4% | 2.317% | 0.00% |
| 12 | STATE STREET CORP | 817K | $29.3M | -3.6% | 2.169% | 0.00% |
| 13 | Bellecapital International Ltd. | 686K | $24.6M | 0.0% | 1.821% | 4.58% |
| 14 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 622K | $22.4M | -11.3% | 1.652% | 0.01% |
| 15 | Nuveen, LLC | 565K | $20.3M | -33.1% | 1.500% | 0.01% |
| 16 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 484K | $17.4M | -2.8% | 1.285% | 0.00% |
| 17 | TWO SIGMA INVESTMENTS, LP | 470K | $16.9M | +125.2% | 1.249% | 0.01% |
| 18 | CITADEL ADVISORS LLC | 445K | $16.0M | +332.9% | 1.181% | 0.01% |
| 19 | FRANKLIN RESOURCES INC | 439K | $15.8M | 0.0% | 1.166% | 0.00% |
| 20 | LOOMIS SAYLES & CO L P | 437K | $15.7M | -3.4% | 1.160% | 0.02% |
| 21 | WELLINGTON MANAGEMENT GROUP LLP | 404K | $14.5M | -5.8% | 1.073% | 0.00% |
| 22 | JANE STREET GROUP, LLC | 390K | $14.0M | +67.0% | 1.037% | 0.13% |
| 23 | KENNEDY CAPITAL MANAGEMENT, INC. | 377K | $13.5M | -44.5% | 1.001% | 0.29% |
| 24 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 357K | $12.8M | +56.4% | 0.949% | 0.01% |
| 25 | FIRST MANHATTAN CO | 341K | $12.3M | -0.3% | 0.906% | 0.03% |
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 TRS — a direct measure of their conviction.
| 63.18% |
| +0.68 pp |
| $983M |
| +1.1% |
| Q3 2024 | 149 | 8.0% | 62.50% | 2.81 pp | $972M | 4.3% |
| Q2 2024 | 162 | — | 65.31% | — | $1.02B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
30 institutions opened new positions in TRS during Q1 2026, while 42 fully exited. 97 added to existing positions and 62 trimmed.
TRS institutional ownership fell by 3.66 percentage points quarter-over-quarter, with a net change of -12 holders.
The top 10 institutions account for 58.8% of all reported 13F value in TRS, and the top 25 account for 81.6%.
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.