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 ($7.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.33. Options: 10 managers hold calls ($11.7m notional), 11 hold puts ($99.2m).
Trends to Q1 2026
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 |
| Q3 2024 | 221 |
| Q4 2024 | 273 |
| Q1 2025 | 253 |
| Q2 2025 | 275 |
| Q3 2025 | 319 |
| Q4 2025 | 342 |
| Q1 2026 | 359 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 121 | 92 |
| Q3 2024 | 133 | 94 |
| Q4 2024 | 163 | 100 |
| Q1 2025 | 150 | 127 |
| Q2 2025 | 182 | 109 |
| Q3 2025 | 194 | 102 |
| Q4 2025 | 191 | 133 |
| Q1 2026 | 245 | 153 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $68.5m | $149.7m | 2.18 |
| Q3 2025 | $79.0m | $45.6m | 0.58 |
| Q4 2025 | $24.9m | $16.2m | 0.65 |
| Q1 2026 | $11.7m | $99.2m | 8.49 |
Biggest buyers
| DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | Added | +4.1m |
| Apollo Management Holdings, L.P. | New | +2.5m |
| Qube Research & Technologies Ltd | Added | +2.3m |
| MILLENNIUM MANAGEMENT LLC | Added | +2.0m |
| Point72 Asset Management, L.P. | Added | +1.9m |
| Temasek Holdings (Private) Ltd | Added | +1.2m |
| Balyasny Asset Management L.P. | Added | +1.2m |
| UBS Group AG | Added | +926.1k |
| JANE STREET GROUP, LLC | Added | +743.2k |
| CITADEL ADVISORS LLC | Added | +663.2k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -10.4m |
| Capital International Investors | Reduced | -6.7m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.6m |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -1.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.3m |
| JPMORGAN CHASE & CO | Reduced | -1.3m |
| FRANKLIN RESOURCES INC | Reduced | -1.1m |
| AMERICAN CENTURY COMPANIES INC | Sold out | -1.0m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -773.6k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $3.9m95.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.7m41.2k shares |
| GROUP ONE TRADING LLC | Added | $1.5m37.5k shares |
| IMC-Chicago, LLC | Added | $1.0m24.7k shares |
| JANE STREET GROUP, LLC | Added | $972.2k24.0k shares |
| Walleye Trading LLC | Reduced | $907.4k22.4k shares |
| Portman Square Capital LLP | New | $607.6k15.0k shares |
| Walleye Capital LLC | Added | $417.3k10.3k shares |
| TUDOR INVESTMENT CORP ET AL | New | $409.2k10.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $316.0k7.8k shares |
Biggest puts
| Walleye Trading LLC | Added | $36.7m904.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.7m807.2k shares |
| GROUP ONE TRADING LLC | Added | $9.6m237.8k shares |
| CITADEL ADVISORS LLC | Added | $5.7m140.4k shares |
| SIMPLEX TRADING, LLC | Added | $5.5m135.8k shares |
| JANE STREET GROUP, LLC | Added | $2.8m69.0k shares |
| Walleye Capital LLC | Added | $2.3m56.5k shares |
| IMC-Chicago, LLC | Added | $1.5m38.0k shares |
| TUDOR INVESTMENT CORP ET AL | New | $1.1m27.8k shares |
| DRW Securities, LLC | New | $761.6k18.8k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $190.3k | $190.3k |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $361.2k | $256.3k |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $101.2k | $101.2k |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Temasek Holdings (Private) Ltd 1.37% of their portfolio | 10.0m $406.2m | Added +1.2m |
| DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP 16.38% of their portfolio | 9.0m $364.6m | Added +4.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 8.0m $323.2m | Reduced -1.3m |
| BlackRock, Inc. 0.01% of their portfolio | 7.8m $316.7m | Reduced -491.7k |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 6.6m $267.9m | Added +2.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 6.3m $254.5m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 6.1m $246.4m | First filing |
| Capital International Investors 0.05% of their portfolio | 5.1m $205.5m | Reduced -6.7m |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 3.8m $152.3m | Added +663.2k |
| T. Rowe Price Investment Management, Inc. 0.09% of their portfolio | 3.2m $128.7m | Reduced -2.1m |
| Capital World Investors 0.02% of their portfolio | 3.0m $120.8m | Added +123.1k |
| MORGAN STANLEY 0.01% of their portfolio | 2.8m $114.5m | Added +442.8k |
| Point72 Asset Management, L.P. 0.19% of their portfolio | 2.7m $108.3m | Added +1.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.6m $105.4m | Reduced -1.5m |
| Qube Research & Technologies Ltd 0.15% of their portfolio | 2.6m $104.2m | Added +2.3m |
| Apollo Management Holdings, L.P. 1.71% of their portfolio | 2.5m $102.5m | New |
| STATE STREET CORP 0.00% of their portfolio | 2.5m $100.0m | Added +144.3k |
| Jackson Brooke LLC 100.00% of their portfolio | 2.3m $92.3m | First filing |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 2.3m $91.6m | Reduced -22.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.0m $80.8m | Reduced -1.6m |
| Vulcan Value Partners, LLC 2.13% of their portfolio | 2.0m $80.5m | Added +264.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.8m $73.8m | Reduced -10.4m |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.5m $61.9m | Reduced -1.1m |
| UBS Group AG 0.01% of their portfolio | 1.5m $61.7m | Added +926.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.4m $58.7m | Added +100.5k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 1.3m $54.5m | Added +1.2m |
| TimesSquare Capital Management, LLC 0.82% of their portfolio | 1.2m $48.2m | Reduced -493.4k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio | 1.1m $45.1m | Reduced -323.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 895.4k $36.3m | Added +546.9k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 828.7k $33.6m | First filing |
| NORTHERN TRUST CORP 0.00% of their portfolio | 781.9k $31.7m | Added +23.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 779.3k $930.8k | Reduced -201 |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 748.6k $30.3m | Added +743.2k |
| LORD, ABBETT & CO. LLC 0.09% of their portfolio | 697.3k $28.2m | Added +43.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 685.1k $27.8m | Reduced -50.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 640.5k $25.9m | Added +481.2k |
| Legal & General Group Plc 0.01% of their portfolio | 630.1k $25.5m | Added +155.6k |
| Squarepoint Ops LLC 0.05% of their portfolio | 585.9k $23.7m | Added +535.5k |
| Grafton Street Partners Management Company, LLC 14.11% of their portfolio | 582.7k $23.6m | Added +157.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 538.8k $21.8m | New |
| TUDOR INVESTMENT CORP ET AL 0.11% of their portfolio | 527.1k $21.4m | New |
| Public Sector Pension Investment Board 0.06% of their portfolio | 513.0k $20.8m | New |
| Partners Group Holding AG 1.51% of their portfolio | 504.4k $20.4m | Added +81.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 467.6k $18.6m | Reduced -1.3m |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 447.7k $18.1m | New |
| Invesco Ltd. 0.00% of their portfolio | 428.7k $17.4m | Added +16.9k |
| Walleye Trading LLC 0.35% of their portfolio | 423.6k $17.2m | New |
| Border to Coast Pensions Partnership Ltd 0.28% of their portfolio | 410.0k $16.7m | Added +110.0k |
| Man Group plc 0.03% of their portfolio | 388.3k $15.7m | Added +352.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 375.7k $15.2m | Reduced -462.3k |
| Nuveen, LLC 0.00% of their portfolio | 372.2k $15.1m | Added +100.5k |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 366.8k $14.9m | Added +8.9k |
| Cerity Partners LLC 0.02% of their portfolio | 358.5k $14.5m | Added +138.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 322.1k $13.0m | Added +63.8k |
| South Street Advisors LLC 1.88% of their portfolio | 320.4k $13.0m | Reduced -3.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 311.4k $19.9m | Reduced -773.6k |
| National Philanthropic Trust 0.13% of their portfolio | 309.1k $12.5m | Unchanged |
| FMR LLC 0.00% of their portfolio | 306.2k $12.4m | Reduced -21.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 305.8k $12.4m | Added +8.4k |
| HRT FINANCIAL LP 0.04% of their portfolio | 283.6k $11.5m | New |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 282.5k $11.4m | Added +69.0k |
| XTX Topco Ltd 0.20% of their portfolio | 277.7k $11.3m | Added +273.9k |
| Swiss National Bank 0.01% of their portfolio | 275.4k $11.2m | Added +1.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 267.3k $10.8m | Added +243.0k |
| Pictet North America Advisors SA 1.06% of their portfolio | 263.2k $10.7m | New |
| Amundi 0.00% of their portfolio | 260.8k $10.6m | Added +215.2k |
| Private Wealth Partners, LLC 0.76% of their portfolio | 242.6k $9.8m | Added +19.7k |
| TD Asset Management Inc 0.01% of their portfolio | 235.6k $9.5m | Added +1.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 230.2k $9.3m | New |
| Walleye Capital LLC 0.06% of their portfolio | 227.2k $9.2m | Added +168.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 216.7k $8.8m | Added +201.5k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.76% of their portfolio | 211.6k $8.6m | Added +186.8k |
| MOORE CAPITAL MANAGEMENT, LP 0.30% of their portfolio | 204.0k $8.3m | Added +136.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 176.3k $7.1m | New |
| SOROS FUND MANAGEMENT LLC 0.10% of their portfolio | 172.8k $7.0m | New |
| California Public Employees Retirement System 0.00% of their portfolio | 170.8k $6.9m | Added +998 |
| MSA Advisors, LLC 2.06% of their portfolio | 169.5k $6.9m | Unchanged |
| Trexquant Investment LP 0.05% of their portfolio | 167.9k $6.8m | Added +81.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 160.8k $6.5m | Added +29.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 160.5k $6.5m | Added +101.7k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 159.4k $6.5m | Reduced -21.0k |
| Sciencast Management LP 0.82% of their portfolio | 159.3k $6.5m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 158.5k $6.4m | New |
| Oak Thistle LLC 0.61% of their portfolio | 155.2k $6.3m | Added +136.0k |
| Prana Capital Management, LP 0.19% of their portfolio | 153.7k $6.2m | Added +106.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 152.9k $6.2m | Added +149.2k |
| BARCLAYS PLC 0.00% of their portfolio | 151.2k $6.1m | Added +126.9k |
| Qsemble Capital Management, LP 0.44% of their portfolio | 143.4k $5.8m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 143.2k $5.8m | Added +6.3k |
| Engineers Gate Manager LP 0.07% of their portfolio | 138.4k $5.6m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 138.1k $5.6m | Added +4.0k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 133.4k $5.4m | Added +53.1k |
| ALGERT GLOBAL LLC 0.08% of their portfolio | 132.3k $5.4m | New |
| Clear Harbor Asset Management, LLC 0.37% of their portfolio | 130.7k $5.3m | Reduced -10.4k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 128.2k $5.2m | Added +118.9k |
| Gillson Capital LP 0.42% of their portfolio | 127.5k $5.2m | Reduced -619.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 124.8k $5.1m | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 123.2k $5.0m | Reduced -47.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 116.6k $4.7m | Added +31.6k |
| Cinctive Capital Management LP 0.31% of their portfolio | 116.5k $4.7m | Added +18.7k |