THCH · TH International Ltd · Holdings
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Holder Concentration
Across 14 13F filers · Δ vs Mar 31, 2026Who Holds THCH
Last 8 quarters through Jun 30, 2026Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026: 14 filers, like-for-like change +0.3%; actively managed books +0.3%; index-like books 0.0%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 11.2% | 4 | -4.0% |
| Exempt adviser | 0.6% | 1 | 0.0% |
| Bank | 0.2% | 3 | -0.1% |
| Holding company | 0.6% | 1 | 0.0% |
| Broker-dealer | 0.0% | 0 | — |
| Adviser | 0.0% | 0 | — |
| Unknown | 87.4% | 5 | +0.9% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 0.6% | 1 | 0.0% |
| Systematic-like | 2.3% | 2 | +39.6% |
| Concentrated | 91.7% | 2 | -0.3% |
| Diversified active | 5.4% | 9 | -2.5% |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 87.1% | 5 | 0.0% |
| Medium turnover | 6.9% | 4 | -0.2% |
| High turnover | 5.9% | 5 | +5.0% |
| Unknown | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 3.0% | 2 | -11.1% |
| Medium horizon | 0.7% | 2 | 0.0% |
| Long horizon | 89.9% | 8 | +0.4% |
| Unknown | 6.4% | 2 | +4.3% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 6.0% | 2 | -9.4% |
| $1B to $10B | 89.3% | 4 | +0.6% |
| $10B to $100B | 0.6% | 1 | 0.0% |
| $100B or more | 4.1% | 7 | +10.1% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Pooled investment vehicles | 4.7% | 2 | -4.6% |
| Registered funds and BDCs | 0.6% | 1 | 0.0% |
| Insurance companies | 5.9% | 1 | -3.9% |
| Corporations | 0.0% | 0 | — |
| Diversified | 0.0% | 0 | — |
| Unknown | 88.8% | 10 | +0.8% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 7.7% | 2 | -5.8% |
| Other private funds | 3.0% | 1 | 0.0% |
| Private funds, type not stated | 0.6% | 1 | 0.0% |
| No private funds | 0.6% | 1 | 0.0% |
| Private equity funds | 0.0% | 0 | — |
| Unknown | 88.1% | 9 | +0.8% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 13.3% | 8 | +2.1% |
| Outside the US | 86.7% | 6 | 0.0% |
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Conviction and Crowding
14 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Estimated Holder Cost Basis
Quarter ended Jun 30, 2026, on that quarter's share basisEstimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.
Estimated cost covers 97.6% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.
Shared Holders
Companies THCH's active holders also own, quarter ended Dec 31, 2025| # | Company | Shared holders |
|---|---|---|
| 1 | BTDR Bitdeer Technologies Group | 3 |
Shareholder Targets
13F filers that own its peers but not THCH, quarter ended Dec 31, 2025Found through its holder-overlap peers: BTDR. 154 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | Fund Resources Investment Holding Group Co Ltd Unknown, Unknown | $102,732,027 1 held | BTDR |
| 2 | BARCLAYS PLC Bank, Diversified active | $100,885,784 1 held | BTDR |
| 3 | BlackRock, Inc. Holding company, Index-like | $89,308,810 1 held | BTDR |
| 4 | Value Aligned Research Advisors, LLC Registered adviser, Diversified active | $36,629,952 1 held | BTDR |
| 5 | STATE STREET CORP Bank, Index-like | $35,253,006 1 held | BTDR |
| 6 | CastleKnight Management LP Registered adviser, Diversified active | $23,486,250 1 held | BTDR |
| 7 | Point72 Asset Management, L.P. Registered adviser, Systematic-like | $20,641,724 1 held | BTDR |
| 8 | Situational Awareness LP Registered adviser, Concentrated | $20,043,480 1 held | BTDR |
| 9 | FMR LLC Holding company, Diversified active | $19,110,516 1 held | BTDR |
| 10 | VAN ECK ASSOCIATES CORP Registered adviser, Index-like | $18,991,902 1 held | BTDR |
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
Top Buyers
vs Mar 31, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | +7,838 | 32,705 | |
| Mega CITADEL ADVISORS LLC | +4,873 | 60,526 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Micro ZAZOVE ASSOCIATES LLC | −8,208 | 200,281 | |
| Mega UBS Group AG | −8 | 200 |
Top New Positions
vs Mar 31, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Mid TWO SIGMA SECURITIES, LLC | 17,182 | $32,817 |
Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mid Shaolin Capital Management LLC | 12,599 | $25,953 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mid HSG Holding Ltd | $5,540,157 | 85.81% | 2,900,606 | Shares | 2026-08-13 | |
| Micro ZAZOVE ASSOCIATES LLC Registered adviser | $382,536 | 5.93% | 200,281 | Shares | 2026-07-16 | |
| Mid SONA ASSET MANAGEMENT (US) LLC Registered adviser | $191,000 | 2.96% | 100,000 | Shares | 2026-08-14 | |
| Mega CITADEL ADVISORS LLC Registered adviser | $115,604 | 1.79% | 60,526 | Shares | 2026-09-02 | |
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | $62,466 | 0.97% | 32,705 | Shares | 2026-08-14 | |
| Large LMR Partners LLP Exempt adviser | $41,498 | 0.64% | 21,727 | Shares | 2026-08-14 | |
| Mega NEUBERGER BERMAN GROUP LLC Holding company | $38,079 | 0.59% | 19,937 | Shares | 2026-10-27 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC Registered adviser | $35,747 | 0.55% | 18,716 | Shares | 2026-08-12 | |
| Mid TWO SIGMA SECURITIES, LLC | $32,817 | 0.51% | 17,182 | Shares | 2026-08-14 | |
| Mega ROYAL BANK OF CANADA Bank | $11,460 | 0.18% | 6,000 | Shares | 2026-08-14 | |
| Mid Groupe la Francaise | $2,725 | 0.04% | 1,427 | Shares | 2026-08-25 | |
| Mid CREDIT INDUSTRIEL ET COMMERCIAL | $1,634 | 0.03% | 856 | Shares | 2026-07-24 | |
| Mega UBS Group AG Bank | $382 | 0.01% | 200 | Shares | 2026-08-13 | |
| Mega JPMORGAN CHASE & CO Bank | $183 | 0.00% | 96 | Shares | 2026-08-12 |