TFS Financial Corp: which funds bought and sold

Institutions that bought and sold TFS Financial shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 121 institutions that filed 13F reports for both quarters added to or opened positions in TFS Financial, and 89 cut or closed them. Together they added a net 438K shares, +1.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 622K shares (−7.8%); index fund managers were net buyers of 152K shares (+1.2%). 37 opened a new position and 18 sold out entirely.

Bought, Q2 2026 121 institutions, 37 of them new holders Sold, Q2 2026 89 institutions, 18 of them sold out

Net change, all compared +438K shares (+1.2%)

Net change, active managers −622K shares (−7.8%), 16 bought, 13 sold

Buyers versus sellers

institutions compared, 247

121 bought 37 89 sold

Active managers and hedge funds 16 bought · 13 sold · −622K

Index fund managers 4 bought · 7 sold · +152K

Other institutions 101 bought · 69 sold · +907K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
HRT Financial LP	+490K +4711.4%	500K	$8.9M
Exchange Traded Concepts, LLC	+397K New position	397K	$7M
Squarepoint Ops LLC Hedge fund	+225K +50.2%	674K	$11.9M
Two Sigma Investments, LP Hedge fund	+174K +54.1%	497K	$8.8M
Blackrock, Inc. Index funds	+169K +4.5%	3.9M	$69.4M
Marshall Wace, LLP Hedge fund	+133K New position	133K	$2.3M
Occudo Quantitative Strategies LP	+116K +111.0%	220K	$3.9M
Mirae Asset Global Etfs Holdings Ltd.	+97K +4.2%	2.4M	$42.8M
Numerai Gp LLC	+90K New position	90K	$1.6M
Vanguard Capital Management LLC Index funds	+89K +3.8%	2.4M	$43.3M
Nuveen, LLC	+82K +49.4%	249K	$4.4M
Quantinno Capital Management LP	+79K +19.5%	484K	$8.6M
Schonfeld Strategic Advisors LLC Hedge fund	+66K +24.0%	339K	$6M
Brevan Howard Capital Management LP Hedge fund	+61K +105.4%	119K	$2.1M
Arrowstreet Capital, Limited Partnership Hedge fund	+50K New position	50K	$888,516
Beverly Hills Private Wealth, LLC	+47K +14.5%	374K	$6.6M
Ethic Inc.	+45K New position	45K	$788,672
Northern Trust Corp Index funds	+42K +16.8%	290K	$5.1M
Xtx Topco Ltd	+38K New position	38K	$677,595
Mirabella Financial Services LLP	+37K +232.6%	53K	$937,583

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Squarepoint Ops LLC Hedge fund	+225K +50.2%	674K	$11.9M
Two Sigma Investments, LP Hedge fund	+174K +54.1%	497K	$8.8M
Marshall Wace, LLP Hedge fund	+133K New position	133K	$2.3M
Schonfeld Strategic Advisors LLC Hedge fund	+66K +24.0%	339K	$6M
Brevan Howard Capital Management LP Hedge fund	+61K +105.4%	119K	$2.1M
Arrowstreet Capital, Limited Partnership Hedge fund	+50K New position	50K	$888,516
Jain Global LLC Hedge fund	+32K New position	32K	$567,802
AQR Capital Management LLC Hedge fund	+31K +59.2%	84K	$1.5M
American Century Companies Inc Active manager	+30K +59.4%	81K	$1.4M
D. E. Shaw & Co., Inc. Hedge fund	+27K +32.5%	111K	$2M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Lakewood Capital Management, LP Hedge fund	−765K −27.0%	2.1M	$36.7M
UBS Group AG	−249K −36.2%	437K	$7.7M
Exoduspoint Capital Management, LP Hedge fund	−203K −73.3%	74K	$1.3M
Renaissance Technologies LLC Hedge fund	−165K −6.5%	2.4M	$42.3M
Gator Capital Management, LLC	−132K −19.2%	556K	$9.9M
Bank Of America Corp	−128K −12.7%	881K	$15.6M
Millennium Management LLC Hedge fund	−126K Sold out	0	—
Dimensional Fund Advisors LP	−121K −3.9%	3.0M	$52.5M
State Street Corp Index funds	−106K −4.5%	2.3M	$40M
Citadel Advisors LLC Hedge fund	−69K −23.6%	224K	$4M
Balyasny Asset Management L.P. Hedge fund	−65K Sold out	0	—
Morgan Stanley	−54K −6.7%	743K	$13.2M
Susquehanna International Group, LLP	−52K −55.9%	41K	$726,325
Axq Capital, LP	−44K −60.7%	29K	$510,620
Citigroup Inc	−36K −31.8%	77K	$1.4M
Jump Financial, LLC	−35K −65.4%	18K	$324,471
Simplex Trading, LLC	−30K Sold out	0	—
Capstone Investment Advisors, LLC Hedge fund	−26K Sold out	0	—
Freestone Grove Partners LP Hedge fund	−21K Sold out	0	—
Centerbook Partners LP Hedge fund	−21K −64.3%	12K	$209,131

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Lakewood Capital Management, LP Hedge fund	−765K −27.0%	2.1M	$36.7M
Exoduspoint Capital Management, LP Hedge fund	−203K −73.3%	74K	$1.3M
Renaissance Technologies LLC Hedge fund	−165K −6.5%	2.4M	$42.3M
Millennium Management LLC Hedge fund	−126K Sold out	0	—
Citadel Advisors LLC Hedge fund	−69K −23.6%	224K	$4M
Balyasny Asset Management L.P. Hedge fund	−65K Sold out	0	—
Capstone Investment Advisors, LLC Hedge fund	−26K Sold out	0	—
Freestone Grove Partners LP Hedge fund	−21K Sold out	0	—
Centerbook Partners LP Hedge fund	−21K −64.3%	12K	$209,131
Alliancebernstein L.P. Active manager	−21K −16.9%	103K	$1.4M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Exchange Traded Concepts, LLC	397K	$7M
Marshall Wace, LLPHedge fund	133K	$2.3M
Numerai Gp LLC	90K	$1.6M
Arrowstreet Capital, Limited PartnershipHedge fund	50K	$888,516
Ethic Inc.	45K	$788,672
Xtx Topco Ltd	38K	$677,595
Jain Global LLCHedge fund	32K	$567,802
Kovack Advisors, Inc.	24K	$437,284
Virtu Financial LLC	21K	$371,000
Engineers Gate Manager LPHedge fund	20K	$357,838

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Millennium Management LLCHedge fund	126K	$1.8M
Balyasny Asset Management L.P.Hedge fund	65K	$913,967
Simplex Trading, LLC	30K	$427,443
Capstone Investment Advisors, LLCHedge fund	26K	$360,635
Freestone Grove Partners LPHedge fund	21K	$299,743
United Capital Financial Advisors, LLC	19K	$272,823
Pictet Asset Management Holding SA	11K	$154,114
Quantbot Technologies LPHedge fund	7,752	$108,916
Itau Unibanco Holding S.A.	2,072	$29,112
Mai Capital Management	1,948	$27,370

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 233
Ten largest holders: 61.7%
Index fund managers: 34.1%
Active managers and hedge funds: 19.1%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	16	13	5	5	−622K	−7.8%
Index fund managers	4	7	0	0	+152K	+1.2%
Other institutions	101	69	32	13	+907K	+5.4%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on TFS Financial.

Only managers that filed a holdings report for both quarters are compared (247 here). 10 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

← Back to TFS Financial Corp · Insiders · Politicians