TH International Ltd: which funds bought and sold
Institutions that bought and sold TH International 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, 4 institutions that filed 13F reports for both quarters added to or opened positions in TH International, and 3 cut or closed them. Together they sold a net 219K shares, −6.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 4,873 shares (+2.5%); index fund managers held the same number of shares overall. 2 opened a new position and 1 sold out entirely.
Bought, Q2 2026 4 institutions, 2 of them new holders Sold, Q2 2026 3 institutions, 1 of them sold out
Net change, all compared −219K shares (−6.1%)
Net change, active managers +4,873 shares (+2.5%), 1 bought, 0 sold
Buyers versus sellers
4 bought 9 3 sold
Active managers and hedge funds 1 bought · 0 sold · +4,873
Index fund managers 0 bought · 0 sold · 0
Other institutions 3 bought · 3 sold · −224K
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Two Sigma Securities, LLC | +17K New position | 17K | $32,818 |
| Susquehanna International Group, LLP | +7,838 +31.5% | 33K | $62,467 |
| Citadel Advisors LLC Hedge fund | +4,873 +8.8% | 61K | $115,605 |
| Integrated Wealth Concepts LLC | +508 New position | 508 | $970 |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Citadel Advisors LLC Hedge fund | +4,873 +8.8% | 61K | $115,605 |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Zazove Associates LLC | −237K −54.2% | 200K | $382,537 |
| Shaolin Capital Management LLC | −13K Sold out | 0 | — |
| UBS Group AG | −8 −3.8% | 200 | $382 |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| None of the active managers on our list. | |||
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Two Sigma Securities, LLC | 17K | $32,818 |
| Integrated Wealth Concepts LLC | 508 | $970 |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Shaolin Capital Management LLC | 13K | $25,954 |
Who holds the shares
- Institutions reporting
- 15
- Ten largest holders
- 99.9% of 13F-reported shares
- Index fund managers
- 0.6% of 13F-reported shares
- Active managers and hedge funds
- 6.0% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 1 | 0 | 0 | 0 | +4,873 | +2.5% |
| Index fund managers | 0 | 0 | 0 | 0 | 0 | 0.0% |
| Other institutions | 3 | 3 | 2 | 1 | −224K | −6.6% |