Vault-13

TWFG INC TWFG

COM CL A · Common Stock · CUSIP 87318A101

82 institutional holders -3 vs Q1 2026
9,113,1589.1m shares reported held*
$219.2mreported value*
12 new 34 added 24 reduced 14 sold out net sold ≈ $46.2m (-1.9m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $24.05.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 65Q4 24: 78Q1 25: 72Q2 25: 82Q3 25: 67Q4 25: 70Q1 26: 85Q2 26: 8282Q3 24Q1 25Q3 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202465
Q4 202478
Q1 202572
Q2 202582
Q3 202567
Q4 202570
Q1 202685
Q2 202682

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 24: 38 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 30 bought or addedQ1 25: 41 cut or sold outQ2 25: 54 bought or addedQ2 25: 33 cut or sold outQ2 25Q3 25: 38 bought or addedQ3 25: 45 cut or sold outQ4 25: 40 bought or addedQ4 25: 30 cut or sold outQ4 25Q1 26: 50 bought or addedQ1 26: 30 cut or sold outQ2 26: 46 bought or addedQ2 26: 38 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20243830
Q1 20253041
Q2 20255433
Q3 20253845
Q4 20254030
Q1 20265030
Q2 20264638

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $221.5kQ1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$0$221.5k—
Q2 2026$0$0—

Biggest buyers

FRANKLIN RESOURCES INC Added +771,912+771.9k
JANE STREET GROUP, LLC Added +184,211+184.2k
TWO SIGMA INVESTMENTS, LP Added +167,152+167.2k
MARSHALL WACE, LLP Added +141,904+141.9k
CITADEL ADVISORS LLC Added +105,087+105.1k
Giverny Capital Inc. Added +100,345+100.3k
TUDOR INVESTMENT CORP ET AL Added +73,426+73.4k
Point72 Asset Management, L.P. Added +70,471+70.5k
Trexquant Investment LP Added +49,991+50.0k
Ascent Group, LLC Added +37,868+37.9k

Biggest sellers

T. Rowe Price Investment Management, Inc. Reduced -1,345,618-1.3m
Capital International Investors Sold out -1,065,732-1.1m
Nuveen, LLC Sold out -495,092-495.1k
RIVERBRIDGE PARTNERS LLC Reduced -216,956-217.0k
Balyasny Asset Management L.P. Sold out -170,182-170.2k
FMR LLC Reduced -150,162-150.2k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -81,293-81.3k
Lighthouse Investment Partners, LLC Sold out -59,909-59.9k
BRASADA CAPITAL MANAGEMENT, LP Reduced -52,680-52.7k
MILLENNIUM MANAGEMENT LLC Reduced -46,858-46.9k

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.

HolderStakeChangeShares Last filed
BAMCO INC /NY/ 13G · institution +1.2 pts · filed 2026-08-14 8.7% +1.2 pts 1.1m≈ $27.3m 2026-08-14
FRANKLIN RESOURCES INC 13G · institution new · filed 2026-07-28 6.0% new 781.9k≈ $18.8m 2026-07-28
T. Rowe Price Investment Management, Inc. 13G · institution -8.2 pts · filed 2026-07-08 5.8% -8.2 pts 753.7k≈ $18.1m 2026-07-08

Fell to 5% or below in the last year: Bunch Richard F. III (0.7%, 2026-08-14), Capital International Investors (0.0%, 2026-08-12), ALLIANCEBERNSTEIN L.P. (0.0%, 2026-05-18), FMR LLC (1.0%, 2026-05-06)

Insider purchases and sales since 1 Apr 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)

BuyingSelling
101Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 1 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20241$31.9k0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20261$3.4m0——
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-06-05 DOAK MICHAEL Director · See Footnote 2 Bought 7,865 $19.45 $153.0k7.9k shares +1%
2026-06-04 DOAK MICHAEL Director · See Footnote 2 Bought 11,000 $19.09 $210.0k11.0k shares +2%
2026-06-03 DOAK MICHAEL Director · See Footnote 2 Bought 22,994 $18.62 $428.1k23.0k shares +3%
2026-06-02 DOAK MICHAEL Director · See Footnote 2 Bought 16,500 $19.25 $317.6k16.5k shares +2%
2026-06-01 DOAK MICHAEL Director · See Footnote 2 Bought 16,500 $19.33 $318.9k16.5k shares +2%
2026-05-29 DOAK MICHAEL Director · See Footnote 2 Bought 11,330 $18.87 $213.8k11.3k shares +2%
2026-05-28 DOAK MICHAEL Director · See Footnote 2 Bought 11,000 $18.87 $207.6k11.0k shares +2%
2026-05-27 DOAK MICHAEL Director · See Footnote 2 Bought 24,880 $18.62 $463.3k24.9k shares +4%
2026-05-26 DOAK MICHAEL Director · See Footnote 2 Bought 11,000 $19.23 $211.5k11.0k shares +2%
2026-05-22 DOAK MICHAEL Director · See Footnote 2 Bought 11,000 $18.89 $207.8k11.0k shares +2%
2026-05-21 DOAK MICHAEL Director · See Footnote 2 Bought 17,538 $18.52 $324.8k17.5k shares +3%
2026-05-20 DOAK MICHAEL Director · See Footnote 2 Bought 15,745 $18.79 $295.8k15.7k shares +3%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BAMCO INC /NY/ 0.04% of their portfolio NEW YORK, NY 1,135,0911.1m $27.3m $27.3m 0.04% Reduced -8 -8
2 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 781,912781.9k $18.8m $18.8m 0.00% Added +771.9k +771,912
3 T. Rowe Price Investment Management, Inc. 0.01% of their portfolio BALTIMORE, MD 753,680753.7k $18.1m $18.1m 0.01% Reduced -1.3m -1,345,618
4 Giverny Capital Inc. 0.53% of their portfolio MONTREAL, A8 652,452652.5k $15.7m $15.7m 0.53% Added +100.3k +100,345
5 Central Securities Corp 0.90% of their portfolio New York, NY 500,000500.0k $12.0m $12.0m 0.90% Unchanged
6 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 489,244489.2k $11.8m $11.8m 0.00% Reduced -81.3k -81,293
7 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 408,732408.7k $9.8m $9.8m 0.01% Added +141.9k +141,904
8 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 372,365372.4k $9.0m $9.0m 0.01% Added +167.2k +167,152
9 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 353,216353.2k $8.5m $8.5m 0.01% Added +184.2k +184,211
10 RIVERBRIDGE PARTNERS LLC 0.22% of their portfolio MINNEAPOLIS, MN 332,658332.7k $8.0m $8.0m 0.22% Reduced -217.0k -216,956
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 222,376222.4k $5.3m $5.3m 0.00% Added +35.0k +35,039
12 GILDER GAGNON HOWE & CO LLC 0.05% of their portfolio New York, NY 221,180221.2k $5.3m $5.3m 0.05% Reduced -2.5k -2,459
13 Alyeska Investment Group, L.P. 0.01% of their portfolio CHICAGO, IL 215,778215.8k $5.2m $5.2m 0.01% Unchanged
14 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 214,589214.6k $5.2m $5.2m 0.00% Added +105.1k +105,087
15 Ascent Group, LLC 0.15% of their portfolio VIRGINIA BEACH, VA 212,310212.3k $5.1m $5.1m 0.15% Added +37.9k +37,868
16 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 174,213174.2k $4.2m $4.2m 0.00% Reduced -7.9k -7,879
17 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 149,900149.9k $3.6m $3.6m 0.00% Added +31.6k +31,573
18 Gillson Capital LP 0.21% of their portfolio CHICAGO, IL 148,665148.7k $3.6m $3.6m 0.21% Added +20.0k +20,000
19 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 135,139135.1k $3.3m $3.3m 0.00% Added +70.5k +70,471
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 127,879127.9k $3.1m $3.1m 0.00% Added +16.4k +16,353
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 114,678114.7k $2.8m $2.8m 0.00% Reduced -8.2k -8,154
22 TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio STAMFORD, CT 102,591102.6k $2.5m $2.5m 0.01% Added +73.4k +73,426
23 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 93,73493.7k $2.3m $2.3m 0.00% Added +26.1k +26,122
24 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 87,37087.4k $2.1m $2.1m 0.01% Added +50.0k +49,991
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 84,57084.6k $2.0m $2.0m 0.00% Added +30.5k +30,459
26 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 82,67582.7k $2.0m $2.0m 0.00% Added +10.8k +10,765
27 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 82,55482.6k $2.0m $2.0m 0.00% Added +571 +571
28 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 68,45068.5k $1.6m $1.6m 0.00% Reduced -4.5k -4,485
29 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 67,43967.4k $1.6m $1.6m 0.02% Added +21.7k +21,653
30 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 66,56666.6k $1.6m $1.6m 0.00% Unchanged
31 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 61,72861.7k $1.5m $1.5m 0.01% Added +12.0k +12,029
32 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 60,04860.0k $1.4m $1.4m 0.00% Reduced -46.9k -46,858
33 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 45,06445.1k $1.1m $1.1m 0.00% Added +4.6k +4,605
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 43,69843.7k $1.1m $1.1m 0.00% Reduced -38.5k -38,487
35 Symphony Financial, Ltd. Co. 0.10% of their portfolio HOUSTON, TX 39,08939.1k $942.4k $942.4k 0.10% Added +23.7k +23,682
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 31,35031.4k $754.0k $754.0k 0.00% Added +1.8k +1,775
37 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 31,11631.1k $748.3k $748.3k 0.00% Reduced -9.0k -9,015
38 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 28,53428.5k $686.2k $686.2k 0.03% Added +21.4k +21,427
39 Dynamic Technology Lab Private Ltd 0.15% of their portfolio SINGAPORE, U0 28,40428.4k $683.0k $683.0k 0.15% Reduced -992 -992
40 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 28,17828.2k $677.7k $677.7k 0.00% New
41 BLALOCK WILLIAMS, LLC 0.36% of their portfolio ALEXANDER CITY, AL 22,91122.9k $551.0k $551.0k 0.36% Added +3.0k +2,978
42 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 21,00821.0k $505.2k $505.2k 0.00% Reduced -2.3k -2,315
43 BRASADA CAPITAL MANAGEMENT, LP 0.08% of their portfolio HOUSTON, TX 19,41919.4k $467.0k $467.0k 0.08% Reduced -52.7k -52,680
44 Centiva Capital, LP 0.02% of their portfolio New York, NY 18,55918.6k $446.3k $446.3k 0.02% Added +7.6k +7,609
45 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,14516.1k $388.3k $388.3k 0.00% Added +3.1k +3,087
46 MANGROVE PARTNERS IM, LLC 0.02% of their portfolio Greenwich, CT 15,09115.1k $362.9k $362.9k 0.02% Reduced -7.4k -7,407
47 Dockside LLC 0.08% of their portfolio NEW YORK, NY 13,85213.9k $333.1k $333.1k 0.08% New
48 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 13,57713.6k $326.5k $326.5k 0.00% Reduced -1.1k -1,114
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 11,49311.5k $276.4k $276.4k 0.00% Added +10.3k +10,337
50 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 11,37411.4k $273.5k $273.5k 0.00% Reduced -12.2k -12,199
51 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 10,88510.9k $261.8k $261.8k 0.00% New
52 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,56310.6k $254.0k $254.0k 0.00% Reduced -162 -162
53 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 10,43010.4k $250.8k $250.8k 0.00% Added +153 +153
54 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 10,22810.2k $246.0k $246.0k 0.00% New
55 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 10,16910.2k $244.6k $244.6k 0.01% Reduced -6.1k -6,066
56 Americana Partners, LLC 0.01% of their portfolio Houston, TX 10,00010.0k $240.5k $240.5k 0.01% Unchanged
57 GSA CAPITAL PARTNERS LLP 0.01% of their portfolio LONDON, X0 8,9969.0k $216.0k $216.0k 0.01% New
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,3916.4k $153.0k $153.0k 0.00% Reduced -94 -94
59 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 5,9075.9k $142.1k $142.1k 0.00% Unchanged
60 EMERALD MUTUAL FUND ADVISERS TRUST 0.00% of their portfolio LEOLA, PA 4,9004.9k $117.8k $117.8k 0.00% Unchanged
61 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 2,9753.0k $71.5k $71.5k 0.00% New
62 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,9852.0k $47.7k $47.7k 0.00% Added +225 +225
63 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,1271.1k $27.1k $27.1k 0.00% New
64 FMR LLC 0.00% of their portfolio BOSTON, MA 1,1191.1k $26.9k $26.9k 0.00% Reduced -150.2k -150,162
65 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 896896 $21.5k $21.5k 0.00% Unchanged
66 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 675675 $16.2k $16.2k 0.00% Reduced -1.4k -1,393
67 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 592592 $14.2k $14.2k 0.00% New
68 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 555555 $13.3k $13.3k 0.00% Unchanged
69 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 500500 $12.0k $12.0k 0.00% Reduced -293 -293
70 Aster Capital Management (DIFC) Ltd 0.00% of their portfolio DUBAI, C0 328328 $7.9k $7.9k 0.00% New
71 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 313313 $7.5k $7.5k 0.00% Unchanged
72 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 273273 $6.5k $6.5k 0.00% Added +150 +150
73 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 135135 $3.2k $3.2k 0.00% Unchanged
74 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 131131 $3.3k $3.3k 0.00% Added +31 +31
75 Quarry LP 0.00% of their portfolio NEW YORK, NY 121121 $2.9k $2.9k 0.00% New
76 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 9696 $2.3k $2.3k 0.00% New
77 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7979 $1.9k $1.9k 0.00% Unchanged
78 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5858 $1.4k $1.4k 0.00% New
79 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5050 $1.2k $1.2k 0.00% Unchanged
80 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 2626 $625 $625 0.00% Added +23 +23
81 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 99 $216 $216 0.00% Added +6 +6
82 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 22 $48 $48 0.00% Reduced -7.0k -7,009