TPG INC TPG
COM CL A · Common Stock · CUSIP 872657101 · ISIN US8726571016
American investment company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.45. Options: 9 managers hold calls ($8.3m notional), 5 hold puts ($6.7m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 94 |
| Q4 2022 | 109 |
| Q1 2023 | 112 |
| Q2 2023 | 125 |
| Q3 2023 | 121 |
| Q4 2023 | 168 |
| Q1 2024 | 194 |
| Q2 2024 | 203 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 65 | 40 |
| Q1 2023 | 49 | 61 |
| Q2 2023 | 79 | 47 |
| Q3 2023 | 66 | 52 |
| Q4 2023 | 98 | 48 |
| Q1 2024 | 133 | 59 |
| Q2 2024 | 121 | 92 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $6.6m | $2.6m | 0.40 |
| Q4 2023 | $13.0m | $4.6m | 0.35 |
| Q1 2024 | $10.5m | $6.8m | 0.65 |
| Q2 2024 | $8.3m | $6.7m | 0.81 |
Biggest buyers
| BlackRock Inc. | Added | +4.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +2.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +922.6k |
| Capital World Investors | New | +507.6k |
| VANGUARD GROUP INC | Added | +402.3k |
| Thrivent Financial for Lutherans | Added | +376.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +366.3k |
| BANK OF AMERICA CORP /DE/ | Added | +304.8k |
| DEUTSCHE BANK AG\ | Added | +271.1k |
| Walleye Capital LLC | Added | +234.7k |
Biggest sellers
| Capital International Investors | Reduced | -1.3m |
| Balyasny Asset Management L.P. | Reduced | -906.6k |
| CITADEL ADVISORS LLC | Reduced | -740.7k |
| Cerity Partners LLC | Sold out | -679.2k |
| MORGAN STANLEY | Reduced | -676.9k |
| Holocene Advisors, LP | Sold out | -582.7k |
| NORGES BANK | Reduced | -420.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -333.4k |
| Perpetual Ltd | Reduced | -272.9k |
| NORTHERN TRUST CORP | Reduced | -193.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $2.1m51.4k shares |
| Jefferies Financial Group Inc. | New | $1.5m37.1k shares |
| Walleye Trading LLC | Reduced | $1.0m25.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.0m24.6k shares |
| WOLVERINE TRADING, LLC | Added | $998.9k24.1k shares |
| SIMPLEX TRADING, LLC | Added | $920.0k22.2k shares |
| JANE STREET GROUP, LLC | New | $431.1k10.4k shares |
| Cubist Systematic Strategies, LLC | Reduced | $219.7k5.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.0m73.5k shares |
| CITADEL ADVISORS LLC | Added | $1.9m45.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.6m38.1k shares |
| Walleye Trading LLC | Reduced | $199.0k4.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
TPG GP A, LLC
13D · may seek influence
-1.9 pts · filed 2026-08-18
Stated purposeThis Amendment amends and supplements Item 4 of the Original Schedule 13D by inserting the following before the penultimate paragraph: "Q3 2026 Exchange Pursuant to the Exchange Agreement, on August 14, 2026, 6,960,798 Common Units were ultimately distributed to certain partners of TPG Partner Holdings, L.P. and the API Entities in connection with the exchange by such partners of those Common Units for an equal number of shares of Class A Common Stock and the cancellation of an equal number of shares of Class B Common Stock (the "Q3 2026 Exchange")." Full filing |
56.4% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution +4.0 pts · filed 2026-09-08 | 11.2% |
| Temasek Holdings (Private) Ltd 13G · passive investor -0.7 pts · filed 2026-04-17 | 6.5% |
| DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP 13G · institution new · filed 2026-03-20 | 5.9% |
| INTEGRATED CORE STRATEGIES (US) LLC 13G · passive investor +0.9 pts · filed 2026-06-17 | 5.2% |
Fell to 5% or below in the last year: MANAGED ACCOUNT ADVISORS LLC (0.0%, 2026-05-14), Capital International Investors (3.3%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 17 | $303.2m | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 9.4m $390.0m | Added +2.0m |
| BlackRock Inc. 0.01% of their portfolio | 8.6m $357.3m | Added +4.3m |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.8m $321.6m | Added +402.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.09% of their portfolio | 6.7m $278.2m | Added +366.3k |
| Temasek Holdings (Private) Ltd 0.77% of their portfolio | 4.0m $165.0m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio | 3.8m $156.2m | Added +922.6k |
| Capital International Investors 0.02% of their portfolio | 2.5m $104.2m | Reduced -1.3m |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 2.4m $100.0m | Added +61.1k |
| TimesSquare Capital Management, LLC 1.18% of their portfolio | 1.8m $74.8m | Reduced -62.5k |
| Perpetual Ltd 0.72% of their portfolio | 1.6m $66.2m | Reduced -272.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 1.6m $65.2m | Reduced -105.8k |
| NORGES BANK 0.01% of their portfolio | 1.4m $60.1m | Reduced -420.7k |
| LORD, ABBETT & CO. LLC 0.09% of their portfolio | 1.4m $56.2m | Added +11.6k |
| STATE STREET CORP 0.00% of their portfolio | 1.4m $56.1m | Added +118.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $55.5m | Added +118.3k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 1.2m $51.4m | Added +151.3k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 917.1k $38.0m | Reduced -740.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.14% of their portfolio | 794.3k $32.9m | Added +28.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 739.4k $30.6m | Reduced -12.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 570.7k $23.7m | Added +46.4k |
| Invesco Ltd. 0.00% of their portfolio | 563.3k $23.3m | Reduced -275 |
| MORGAN STANLEY 0.00% of their portfolio | 528.5k $21.9m | Reduced -676.9k |
| Capital World Investors 0.00% of their portfolio | 507.6k $21.0m | New |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 483.9k $20.1m | Reduced -906.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 469.8k $19.5m | Added +80.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 461.9k $19.1m | Added +153.1k |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 418.6k $17.4m | Added +376.8k |
| South Street Advisors LLC 2.54% of their portfolio | 404.4k $16.8m | Reduced -22.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 389.3k $16.1m | Added +304.8k |
| FMR LLC 0.00% of their portfolio | 378.2k $15.7m | Added +34.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 355.7k $14.7m | Reduced -193.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 330.7k $13.7m | Added +218.3k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 328.6k $13.6m | Added +193.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 314.4k $13.0m | Added +208.4k |
| Walleye Capital LLC 0.13% of their portfolio | 307.7k $12.8m | Added +234.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 299.0k $12.4m | Reduced -58.3k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 285.2k $11.8m | Added +271.1k |
| Grafton Street Partners Fund, LP 9.24% of their portfolio | 265.9k $11.0m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 235.8k $9.8m | Added +204.6k |
| Point72 Europe (London) LLP 0.82% of their portfolio | 235.4k $9.8m | Added +71.4k |
| UBS Group AG 0.00% of their portfolio | 194.7k $8.1m | Reduced -35.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 175.3k $7.3m | Added +3.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 173.8k $7.2m | Added +145.9k |
| MSA Advisors, LLC 2.01% of their portfolio | 169.5k $7.0m | Unchanged |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 166.8k $6.9m | Reduced -4.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 161.9k $6.7m | Reduced -333.4k |
| Partners Group Holding AG 0.49% of their portfolio | 156.8k $6.5m | Added +10.6k |
| Swiss National Bank 0.00% of their portfolio | 136.5k $5.7m | Reduced -18.6k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.06% of their portfolio | 135.5k $5.6m | Reduced -1.5k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 134.2k $5.6m | Added +126.2k |
| HIGHLAND CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 134.0k $5.6m | Reduced -15.8k |
| Ghisallo Capital Management LLC 0.45% of their portfolio | 125.0k $5.2m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 120.5k $5.0m | Added +46.8k |
| Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio | 116.8k $4.8m | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 100.0k $4.1m | Added +6.0k |
| STEADFAST CAPITAL MANAGEMENT LP 0.09% of their portfolio | 96.0k $4.0m | Reduced -29.0k |
| Parcion Private Wealth LLC 0.36% of their portfolio | 93.9k $3.9m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 91.5k $3.8m | Added +34.9k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 90.0k $3.7m | Added +5.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 87.4k $3.6m | Added +17.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 81.0k $3.4m | Reduced -639 |
| Quantbot Technologies LP 0.16% of their portfolio | 78.9k $3.3m | Added +42.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 77.3k $3.2m | Added +8.1k |
| Renaissance Capital LLC 1.75% of their portfolio | 75.5k $3.1m | Added +28.4k |
| Grandeur Peak Global Advisors, LLC 0.25% of their portfolio | 75.0k $3.1m | Reduced -34.3k |
| SEVEN GRAND MANAGERS, LLC 1.40% of their portfolio | 75.0k $3.1m | New |
| Summit Global Investments 0.20% of their portfolio | 71.9k $3.0m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 71.8k $3.0m | Added +20.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 68.8k $2.9m | Reduced -9.3k |
| National Philanthropic Trust 0.05% of their portfolio | 58.1k $2.4m | Unchanged |
| Graham Capital Management, L.P. 0.08% of their portfolio | 57.8k $2.4m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 57.2k $2.4m | New |
| Legal & General Group Plc 0.00% of their portfolio | 57.1k $2.4m | Reduced -9.5k |
| CITIGROUP INC 0.00% of their portfolio | 56.9k $2.4m | Added +42.2k |
| Jump Financial, LLC 0.05% of their portfolio | 54.7k $2.3m | Reduced -29.6k |
| Prana Capital Management, LP 0.10% of their portfolio | 52.0k $2.2m | New |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 49.2k $2.0m | New |
| Simplicity Wealth,LLC 0.04% of their portfolio | 38.2k $1.6m | Reduced -161 |
| Bleakley Financial Group, LLC 0.05% of their portfolio | 38.2k $1.6m | Reduced -161 |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 36.6k $1.5m | Added +4.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 33.1k $1.4m | Added +4.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 31.7k $1.3m | Reduced -5.8k |
| Cinctive Capital Management LP 0.07% of their portfolio | 30.4k $1.3m | Reduced -147.9k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 29.9k $1.2m | Added +1.3k |
| Susquehanna Portfolio Strategies, LLC 0.05% of their portfolio | 28.4k $1.2m | Reduced -6.0k |
| Nebula Research & Development LLC 0.19% of their portfolio | 27.9k $1.2m | New |
| LECAP ASSET MANAGEMENT LTD 0.24% of their portfolio | 26.5k $1.1m | New |
| CORNERCAP INVESTMENT COUNSEL INC 0.17% of their portfolio | 25.5k $1.1m | New |
| Jefferies Financial Group Inc. 0.02% of their portfolio | 25.0k $1.0m | New |
| Entropy Technologies, LP 0.11% of their portfolio | 24.8k $1.0m | Added +3.0k |
| FORA Capital, LLC 0.13% of their portfolio | 24.8k $1.0m | Reduced -3.2k |
| STRS OHIO 0.00% of their portfolio | 24.6k $1.0m | Reduced -3.4k |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 22.8k $945.9k | New |
| SHERBROOKE PARK ADVISERS LLC 0.16% of their portfolio | 21.4k $887.1k | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio | 21.3k $884.4k | New |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 21.2k $878.0k | New |
| Man Group plc 0.00% of their portfolio | 20.5k $848.9k | Added +12.4k |
| HARBOR CAPITAL ADVISORS, INC. 0.06% of their portfolio | 20.4k $845.0k | Reduced -31.9k |
| Clarius Group, LLC 0.06% of their portfolio | 19.9k $826.1k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 19.8k $819.6k | Added +2.3k |