Mar 31, 2026 filings. Quarterly 13F reports arrive up to 45 days after quarter end; this register is filed through May 29, 2026.
232 institutional managers reported holding TPB for the quarter ended Mar 31, 2026. Together they hold about 94% of shares outstanding; the top 10 hold 42%. 32 opened new positions; 47 closed out. Complete ranked register from SEC 13F filings.
| manager | shares | % out | value (Mar 31, 2026 close) | change | held since |
|---|---|---|---|---|---|
| BlackRock | 1.47M | 7.55% | $127.9M | added +1.7% | 2016 Q2 |
| Vanguard Group | 1.37M | 7.05% | $119.4M | trimmed -5.4% | 2016 Q2 |
| Thrivent Financial for Lutherans | 1.23M | 6.33% | $107.2M | added +45.5% | 2018 Q3 |
| ArrowMark Colorado Holdings LLC | 745.4k | 3.83% | $64.8M | trimmed -14.3% | 2021 Q3 |
| First Trust Advisors LP | 689.9k | 3.54% | $60.0M | added +39.6% | 2024 Q3 |
| Driehaus Capital Management LLC | 642.7k | 3.30% | $55.9M | added +33.4% | 2025 Q2 |
| Geode Capital | 601.0k | 3.09% | $52.3M | added +10.9% | 2016 Q2 |
| FMR (Fidelity) | 524.3k | 2.69% | $45.6M | trimmed -2.3% | 2020 Q4 |
| Two Sigma | 515.0k | 2.64% | $44.8M | added +78.7% | 2023 Q4 |
| Dimensional Fund Advisors | 453.8k | 2.33% | $39.5M | trimmed -2% | 2017 Q4 |
| Maple Rock Capital Partners INC. (focused) | 436.0k | 2.24% | $37.9M | added +9.2% | 2025 Q2 |
| Copeland Capital Management, LLC | 407.2k | 2.09% | $35.4M | added +99.4% | 2021 Q4 |
| First Sabrepoint Capital Management LP (focused) | 400.0k | 2.05% | $34.8M | unchanged | 2024 Q3 |
| State Street | 383.6k | 1.97% | $33.4M | added +3.6% | 2016 Q2 |
| T. Rowe Price Investment Management, INC. | 369.1k | 1.90% | $32.1M | added +163% | 2025 Q3 |
| American Century Companies INC | 365.5k | 1.88% | $31.8M | added +27.1% | 2023 Q2 |
| Divisadero Street Capital Management, LP | 295.6k | 1.52% | $25.7M | trimmed -44.4% | 2025 Q1 |
| T. Rowe Price | 294.7k | 1.51% | $25.6M | added +41.4% | 2023 Q3 |
| Bank OF America CORP /DE/ | 290.8k | 1.49% | $25.3M | added +66.9% | 2016 Q2 |
| Apis Capital Advisors, LLC | 254.0k | 1.30% | $22.1M | added +54.5% | 2024 Q3 |
| Madison Avenue Partners, LP (focused) | 247.7k | 1.27% | $21.5M | unchanged | 2025 Q4 |
| Junto Capital Management LP | 241.7k | 1.24% | $21.0M | opened | 2026 Q1 |
| Wellington Management | 229.8k | 1.18% | $20.0M | trimmed -2.6% | 2025 Q3 |
| Goldman Sachs | 185.1k | 0.95% | $16.1M | added +55.2% | 2020 Q3 |
| Northern Trust | 177.6k | 0.91% | $15.4M | added +5.4% | 2016 Q2 |
| Pillsbury Lake Capital LLC (focused) | 170.1k | 0.87% | $14.8M | added +6.1% | 2025 Q4 |
| Bank OF Montreal /CAN/ | 156.7k | 0.80% | $13.6M | unchanged | 2018 Q2 |
| Charles Schwab Investment Management | 155.0k | 0.80% | $13.5M | unchanged | 2018 Q1 |
| Riposte Capital LLC (focused) | 150.0k | 0.77% | $13.0M | added +50% | 2025 Q3 |
| Qube Research & Technologies LTD | 131.9k | 0.68% | $11.5M | added +15.1% | 2023 Q3 |
| D. E. Shaw | 131.9k | 0.68% | $11.5M | trimmed -38% | 2018 Q4 |
| Harspring Capital Management, LLC (focused) | 126.8k | 0.65% | $11.0M | trimmed -30.1% | 2023 Q4 |
| Guardian Point Capital, LP (focused) | 125.0k | 0.64% | $10.9M | added +114.6% | 2024 Q4 |
| Marshall Wace | 124.0k | 0.64% | $10.8M | added +2274.7% | 2019 Q1 |
| Millennium Management | 123.8k | 0.64% | $10.8M | added +3202.7% | 2016 Q4 |
| Morgan Stanley | 119.5k | 0.61% | $10.4M | trimmed -69% | 2016 Q3 |
| King Luther Capital Management CORP | 118.8k | 0.61% | $10.3M | added +36.4% | 2024 Q4 |
| Ceredex Value Advisors LLC | 107.4k | 0.55% | $9.3M | opened | 2026 Q1 |
| Prospect Capital Advisors, LLC (focused) | 104.5k | 0.54% | $9.1M | trimmed -12.7% | 2025 Q2 |
| Aristides Capital LLC | 103.2k | 0.53% | $9.0M | added +19.9% | 2022 Q4 |
| Findell Capital Management LLC (focused) | 95.0k | 0.49% | $8.3M | trimmed -25.2% | 2025 Q3 |
| Susquehanna International Group | 94.3k | 0.48% | $8.2M | trimmed -27.9% | 2024 Q4 |
| UBS | 91.2k | 0.47% | $7.9M | added +103.5% | 2016 Q4 |
| Crawford Investment Counsel INC | 86.1k | 0.44% | $7.5M | trimmed -15.7% | 2022 Q2 |
| Nuveen | 80.5k | 0.41% | $7.0M | added +133.6% | 2019 Q2 |
| BNY Mellon | 77.7k | 0.40% | $6.8M | trimmed -2.3% | 2016 Q3 |
| Trexquant Investment LP | 72.3k | 0.37% | $6.3M | trimmed -3.6% | 2024 Q2 |
| Cannell Capital LLC (focused) | 71.7k | 0.37% | $6.2M | added +38.2% | 2025 Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 71.6k | 0.37% | $6.2M | unchanged | 2024 Q4 |
| Jane Street | 70.2k | 0.36% | $6.1M | trimmed -30.3% | 2023 Q3 |
Largest 50 of 232 shown; the full ranked, searchable register is at boothcheck.com/holders/TPB. Related filers are grouped using the filings' own included-manager declarations. Historically, several managers opening new positions in the same quarter said almost nothing about the quarter that followed (59,118 cases since 2013). A filed record, not a forecast. Nothing here is investment advice.