THOR INDS INC THO
COM · Common Stock · CUSIP 885160101 · ISIN US8851601018
American recreational vehicle manufacturer
- SectorConsumer discretionary
- IndustryMotor Homes
- HeadquartersElkhart, IN
- Founded1980
- Websitethorindustries.com
- FilingsSEC EDGAR
* 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 ($5.5m this quarter). Holder counts are more reliable. Shares outstanding: 53.2m as of 2025-02-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $75.83. Options: 14 managers hold calls ($42.8m notional), 15 hold puts ($39.3m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 400 |
| Q4 2022 | 400 |
| Q1 2023 | 397 |
| Q2 2023 | 403 |
| Q3 2023 | 402 |
| Q4 2023 | 423 |
| Q1 2024 | 411 |
| Q2 2024 | 408 |
| Q3 2024 | 431 |
| Q4 2024 | 422 |
| Q1 2025 | 407 |
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 2023 | 172 | 202 |
| Q3 2023 | 190 | 188 |
| Q4 2023 | 178 | 215 |
| Q1 2024 | 184 | 200 |
| Q2 2024 | 192 | 214 |
| Q3 2024 | 216 | 186 |
| Q4 2024 | 173 | 210 |
| Q1 2025 | 188 | 214 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $78.1m | $59.7m | 0.76 |
| Q3 2024 | $77.8m | $151.3m | 1.94 |
| Q4 2024 | $63.1m | $42.7m | 0.68 |
| Q1 2025 | $42.8m | $39.3m | 0.92 |
Biggest buyers
| ACR Alpine Capital Research, LLC | Added | +1.3m |
| MIRABELLA FINANCIAL SERVICES LLP | Added | +682.8k |
| Southpoint Capital Advisors LP | Added | +643.9k |
| TIMUCUAN ASSET MANAGEMENT INC/FL | Added | +409.6k |
| VANGUARD GROUP INC | Added | +326.6k |
| ProShare Advisors LLC | Added | +301.9k |
| Candlestick Capital Management LP | Added | +188.0k |
| OPPENHEIMER ASSET MANAGEMENT INC. | Added | +167.1k |
| UBS Group AG | Added | +148.1k |
| Maple Rock Capital Partners Inc. | New | +119.5k |
Biggest sellers
| ROYAL LONDON ASSET MANAGEMENT LTD | Reduced | -552.7k |
| Pacer Advisors, Inc. | Reduced | -370.5k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -220.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -180.3k |
| Balyasny Asset Management L.P. | Reduced | -162.6k |
| DEUTSCHE BANK AG\ | Reduced | -159.4k |
| J. Goldman & Co LP | Sold out | -134.1k |
| NATIXIS ADVISORS, LLC | Reduced | -107.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -85.6k |
| FIRST TRUST ADVISORS LP | Reduced | -77.7k |
Biggest calls
| Candlestick Capital Management LP | New | $19.8m260.7k shares |
| CITADEL ADVISORS LLC | Reduced | $7.5m98.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m68.9k shares |
| Balyasny Asset Management L.P. | Reduced | $2.8m37.5k shares |
| IMC-Chicago, LLC | Added | $2.6m34.3k shares |
| Point72 Asset Management, L.P. | Reduced | $1.9m25.5k shares |
| JANE STREET GROUP, LLC | Reduced | $1.0m13.6k shares |
| Squarepoint Ops LLC | Reduced | $583.7k7.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $576.0k7.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $326.0k4.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $14.1m186.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.8m102.4k shares |
| JANE STREET GROUP, LLC | Added | $4.5m59.4k shares |
| Walleye Trading LLC | Added | $3.0m39.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.9m38.7k shares |
| Squarepoint Ops LLC | Added | $1.9m25.4k shares |
| IMC-Chicago, LLC | Added | $1.9m25.3k shares |
| GROUP ONE TRADING LLC | Added | $1.2m15.3k shares |
| UBS Group AG | Added | $401.8k5.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $371.5k4.9k 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 |
|---|---|
| ACR Alpine Capital Research, LLC 13G · passive investor +1.2 pts · filed 2026-10-19 | 11.2% |
| Life Cycle Investment Partners Ltd 13G · institution +1.7 pts · filed 2026-08-13 | 7.9% |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 13G · institution -1.9 pts · filed 2026-08-13 | 7.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.0% |
| TIMUCUAN ASSET MANAGEMENT INC/FL 13G · institution new · filed 2025-08-01 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2025
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 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $1.1m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $1.1m | $1.1m |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $500.7k | $500.7k |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 5.4m $407.6m | Added +326.6k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.95% of their portfolio | 5.1m $390.1m | Reduced -28.5k |
| BlackRock, Inc. 0.01% of their portfolio | 4.7m $354.9m | Reduced -1.9k |
| ACR Alpine Capital Research, LLC 5.52% of their portfolio | 3.5m $264.0m | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 3.0m $224.4m | Added +29.0k |
| TIMUCUAN ASSET MANAGEMENT INC/FL 5.77% of their portfolio | 2.4m $185.6m | Added +409.6k |
| Capital Research Global Investors 0.04% of their portfolio | 2.2m $167.6m | Reduced -22.9k |
| STATE STREET CORP 0.01% of their portfolio | 1.7m $129.2m | Added +18.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.6m $123.3m | Added +81.1k |
| HARRIS ASSOCIATES L P 0.19% of their portfolio | 1.5m $111.4m | Reduced -21.5k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.24% of their portfolio | 1.4m $103.1m | Reduced -552.7k |
| Southpoint Capital Advisors LP 2.28% of their portfolio | 1.2m $94.8m | Added +643.9k |
| Madison Asset Management, LLC 0.90% of their portfolio | 1.1m $80.8m | Added +65.5k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 999.8k $75.8m | Added +60.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 911.2k $69.1m | Added +41.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 786.7k $59.6m | Added +103.7k |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 773.4k $58.6m | Reduced -162.6k |
| MIRABELLA FINANCIAL SERVICES LLP 1.18% of their portfolio | 772.3k $58.7m | Added +682.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 705.2k $53.5m | Reduced -114 |
| LAZARD ASSET MANAGEMENT LLC 0.08% of their portfolio | 648.3k $49.2m | Added +92.0k |
| Candlestick Capital Management LP 1.90% of their portfolio | 638.6k $48.4m | Added +188.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 612.7k $46.5m | Added +833 |
| NORGES BANK 0.01% of their portfolio | 572.1k $43.4m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 565.7k $42.9m | Reduced -15.3k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.52% of their portfolio | 547.7k $41.5m | Added +167.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 503.0k $38.1m | Added +13.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 499.8k $37.9m | Added +14.0k |
| Pacer Advisors, Inc. 0.09% of their portfolio | 494.3k $37.5m | Reduced -370.5k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 482.6k $36.6m | Reduced -65.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 469.7k $35.6m | Reduced -23.5k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 438.3k $33.8m | Added +4.6k |
| NATIXIS ADVISORS, LLC 0.06% of their portfolio | 410.2k $31.1m | Reduced -107.7k |
| REINHART PARTNERS, LLC. 1.06% of their portfolio | 382.8k $29.0m | Added +22.6k |
| CHOREO, LLC 0.42% of their portfolio | 358.2k $27.2m | Added +1.5k |
| DEPRINCE RACE & ZOLLO INC 0.54% of their portfolio | 341.6k $25.9m | Reduced -47.6k |
| UBS Group AG 0.01% of their portfolio | 331.9k $25.2m | Added +148.1k |
| MORGAN STANLEY 0.00% of their portfolio | 313.1k $23.7m | Reduced -66.0k |
| ProShare Advisors LLC 0.05% of their portfolio | 304.4k $23.1m | Added +301.9k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 204.3k $15.5m | Reduced -4.7k |
| VALUE HOLDINGS MANAGEMENT CO. LLC 2.78% of their portfolio | 195.5k $14.8m | Unchanged |
| HEARTLAND ADVISORS INC 0.79% of their portfolio | 181.7k $13.8m | Added +45.4k |
| Invesco Ltd. 0.00% of their portfolio | 167.6k $12.7m | Added +5.8k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 1.78% of their portfolio | 162.2k $12.3m | Reduced -10.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 156.1k $11.8m | Added +68.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 149.3k $11.3m | Reduced -82 |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 143.7k $10.9m | Added +24.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 122.4k $9.3m | Added +755 |
| Maple Rock Capital Partners Inc. 0.66% of their portfolio | 119.5k $9.1m | New |
| Atria Investments, Inc 0.11% of their portfolio | 114.9k $8.7m | Added +26.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 114.5k $8.7m | Reduced -77.7k |
| Nuveen, LLC 0.00% of their portfolio | 113.8k $8.6m | First filing |
| Carnegie Investment Counsel 0.20% of their portfolio | 112.2k $8.5m | New |
| Legal & General Group Plc 0.00% of their portfolio | 107.1k $8.1m | Added +150 |
| NOVARE CAPITAL MANAGEMENT LLC 0.69% of their portfolio | 104.1k $7.9m | Added +1.6k |
| NZS Capital, LLC 0.35% of their portfolio | 102.7k $7.8m | Reduced -1.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 98.6k $7.5m | Reduced -85.6k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 98.3k $7.5m | New |
| Swiss National Bank 0.01% of their portfolio | 98.0k $7.4m | Reduced -700 |
| California Public Employees Retirement System 0.00% of their portfolio | 91.5k $6.9m | Reduced -925 |
| QV Investors Inc. 0.67% of their portfolio | 87.0k $6.6m | Added +60.0k |
| Mariner, LLC 0.01% of their portfolio | 86.4k $6.6m | Added +22.0k |
| Freestone Grove Partners LP 0.06% of their portfolio | 83.0k $6.3m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 81.3k $6.2m | Added +18.7k |
| BARCLAYS PLC 0.00% of their portfolio | 81.1k $6.1m | Added +5.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 79.7k $6.0m | Added +13.7k |
| SPROTT INC. 0.34% of their portfolio | 75.0k $5.7m | Added +25.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 74.0k $5.6m | Reduced -8.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 73.3k $5.6m | Reduced -220.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 67.6k $5.1m | Reduced -32.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 66.5k $5.0m | Reduced -2.6k |
| Hosking Partners LLP 0.21% of their portfolio | 65.4k $5.0m | Reduced -610 |
| Retirement Systems of Alabama 0.02% of their portfolio | 64.8k $4.9m | Added +207 |
| Vestmark Advisory Solutions, Inc. 0.12% of their portfolio | 63.8k $4.8m | Added +33.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 61.4k $4.7m | Added +301 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 61.2k $4.6m | Reduced -7.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 60.3k $4.6m | Reduced -12.0k |
| 1060 Capital, LLC 11.24% of their portfolio | 60.0k $4.5m | New |
| Corebridge Financial, Inc. 0.03% of their portfolio | 58.8k $4.5m | Reduced -1.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 51.2k $3.9m | Added +23.4k |
| Cetera Investment Advisers 0.01% of their portfolio | 49.5k $3.8m | Added +11.0k |
| Salvus Wealth Management, LLC 2.33% of their portfolio | 49.0k $3.7m | Added +6.8k |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 48.5k $3.7m | Reduced -2.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 46.6k $3.5m | Reduced -540 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 44.8k $3.4m | Added +3.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 44.6k $3.4m | Added +12.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 43.8k $3.3m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 43.4k $3.3m | Reduced -62.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 42.3k $3.2m | Reduced -259 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 41.6k $3.2m | New |
| LPL Financial LLC 0.00% of their portfolio | 41.1k $3.1m | Added +752 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 40.5k $3.1m | Added +2.0k |
| HRT FINANCIAL LP 0.02% of their portfolio | 36.8k $2.8m | Reduced -7.0k |
| HARBOR CAPITAL ADVISORS, INC. 0.13% of their portfolio | 36.2k $2.7m | Added +7.5k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 34.7k $2.6m | Reduced -15.7k |
| NewEdge Wealth, LLC 0.04% of their portfolio | 32.6k $2.5m | Added +2.4k |
| Illinois Municipal Retirement Fund 0.04% of their portfolio | 32.1k $2.4m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 32.0k $2.4m | Reduced -38.2k |
| COMERICA BANK 0.01% of their portfolio | 31.7k $2.4m | Reduced -950 |
| Quantinno Capital Management LP 0.02% of their portfolio | 31.1k $2.4m | Added +1.7k |
| Kingsview Wealth Management, LLC 0.04% of their portfolio | 30.8k $2.3m | Added +26.8k |