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 ($6.4m this quarter). Holder counts are more reliable. Shares outstanding: 53.2m as of 2025-05-31, 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 ≈ $88.81. Options: 13 managers hold calls ($24.6m notional), 17 hold puts ($87.3m).
Trends to Q2 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 |
| Q2 2025 | 405 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 213 | 185 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $77.8m | $151.3m | 1.94 |
| Q4 2024 | $63.1m | $42.7m | 0.68 |
| Q1 2025 | $42.8m | $39.3m | 0.92 |
| Q2 2025 | $24.6m | $87.3m | 3.54 |
Biggest buyers
| ACR Alpine Capital Research, LLC | Added | +782.1k |
| ROYAL BANK OF CANADA | Added | +642.7k |
| GOLDMAN SACHS GROUP INC | Added | +636.7k |
| DEPRINCE RACE & ZOLLO INC | Added | +330.6k |
| Gotham Asset Management, LLC | Added | +251.4k |
| NATIXIS ADVISORS, LLC | Added | +240.8k |
| TIMUCUAN ASSET MANAGEMENT INC/FL | Added | +226.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +166.9k |
| UBS Group AG | Added | +153.8k |
| ProShare Advisors LLC | Added | +150.4k |
Biggest sellers
| MIRABELLA FINANCIAL SERVICES LLP | Reduced | -754.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD | Reduced | -625.5k |
| REINHART PARTNERS, LLC. | Sold out | -382.8k |
| Southpoint Capital Advisors LP | Reduced | -250.0k |
| JPMORGAN CHASE & CO | Reduced | -231.9k |
| Pacer Advisors, Inc. | Reduced | -147.8k |
| HARRIS ASSOCIATES L P | Reduced | -142.7k |
| CITADEL ADVISORS LLC | Reduced | -133.2k |
| Carnegie Investment Counsel | Reduced | -94.8k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -91.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $11.0m124.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.2m36.5k shares |
| Polar Asset Management Partners Inc. | New | $2.7m30.0k shares |
| IMC-Chicago, LLC | Reduced | $1.9m20.9k shares |
| WOLVERINE TRADING, LLC | New | $1.5m16.5k shares |
| JANE STREET GROUP, LLC | Reduced | $1.2m13.4k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $950.3k10.7k shares |
| SIMPLEX TRADING, LLC | Added | $781.0k8.8k shares |
| Walleye Capital LLC | Added | $666.1k7.5k shares |
| Walleye Trading LLC | Added | $524.0k5.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.5m253.5k shares |
| CITADEL ADVISORS LLC | Added | $19.6m221.2k shares |
| BANK OF AMERICA CORP /DE/ | New | $17.3m194.3k shares |
| JANE STREET GROUP, LLC | Added | $8.4m94.2k shares |
| WOLVERINE TRADING, LLC | New | $5.7m63.5k shares |
| GROUP ONE TRADING LLC | Added | $4.9m55.2k shares |
| IMC-Chicago, LLC | Added | $2.6m29.7k shares |
| Walleye Trading LLC | Reduced | $1.5m16.9k shares |
| Walleye Capital LLC | Added | $1.1m12.0k shares |
| Squarepoint Ops LLC | Reduced | $968.0k10.9k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 1 | $256.2k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-20 | ORTHWEIN PETER BUSCH Director · See Note | Bought | $256.2k3.0k shares |
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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 5.4m $478.1m | Added +6.8k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.10% of their portfolio | 5.2m $462.5m | Added +61.9k |
| BlackRock, Inc. 0.01% of their portfolio | 4.7m $419.2m | Added +37.9k |
| ACR Alpine Capital Research, LLC 6.78% of their portfolio | 4.3m $378.8m | Added +782.1k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 3.0m $264.1m | Added +13.7k |
| TIMUCUAN ASSET MANAGEMENT INC/FL 6.95% of their portfolio | 2.7m $237.5m | Added +226.0k |
| Capital Research Global Investors 0.04% of their portfolio | 2.3m $203.3m | Added +79.1k |
| STATE STREET CORP 0.01% of their portfolio | 1.7m $150.8m | Reduced -6.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.4m $123.9m | Reduced -231.9k |
| HARRIS ASSOCIATES L P 0.19% of their portfolio | 1.3m $117.9m | Reduced -142.7k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 1.2m $103.6m | Added +166.9k |
| Madison Asset Management, LLC 1.07% of their portfolio | 1.1m $98.9m | Added +48.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.1m $98.8m | Added +642.7k |
| Southpoint Capital Advisors LP 2.24% of their portfolio | 1.0m $88.8m | Reduced -250.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 909.5k $80.8m | Reduced -1.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 843.1k $74.9m | Added +56.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 735.3k $65.3m | Added +636.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.15% of their portfolio | 733.9k $64.8m | Reduced -625.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 696.2k $61.8m | Reduced -9.1k |
| Balyasny Asset Management L.P. 0.14% of their portfolio | 695.6k $61.8m | Reduced -77.8k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.69% of their portfolio | 672.7k $59.7m | Added +125.0k |
| DEPRINCE RACE & ZOLLO INC 1.24% of their portfolio | 672.2k $59.7m | Added +330.6k |
| NATIXIS ADVISORS, LLC 0.09% of their portfolio | 651.0k $57.8m | Added +240.8k |
| Candlestick Capital Management LP 1.89% of their portfolio | 642.7k $57.1m | Added +4.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 629.5k $55.9m | Added +16.8k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 586.3k $52.1m | Added +147.9k |
| NORGES BANK 0.01% of their portfolio | 581.0k $51.6m | Added +8.9k |
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 557.3k $49.5m | Reduced -91.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 542.3k $48.2m | Added +42.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 530.6k $47.1m | Reduced -35.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 495.5k $44.0m | Reduced -7.5k |
| UBS Group AG 0.01% of their portfolio | 485.7k $43.1m | Added +153.8k |
| ProShare Advisors LLC 0.08% of their portfolio | 454.8k $40.4m | Added +150.4k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 430.7k $38.3m | Reduced -51.9k |
| CHOREO, LLC 0.44% of their portfolio | 358.4k $31.8m | Added +200 |
| MORGAN STANLEY 0.00% of their portfolio | 348.7k $31.0m | Added +35.6k |
| Pacer Advisors, Inc. 0.08% of their portfolio | 346.5k $30.8m | Reduced -147.8k |
| Gotham Asset Management, LLC 0.14% of their portfolio | 267.8k $23.8m | Added +251.4k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 199.2k $17.7m | Reduced -5.1k |
| HEARTLAND ADVISORS INC 0.98% of their portfolio | 197.2k $17.5m | Added +15.5k |
| VALUE HOLDINGS MANAGEMENT CO. LLC 3.07% of their portfolio | 195.5k $17.4m | Unchanged |
| Maple Rock Capital Partners Inc. 0.81% of their portfolio | 183.7k $16.3m | Added +64.2k |
| QV Investors Inc. 1.58% of their portfolio | 181.1k $16.1m | Added +94.0k |
| Invesco Ltd. 0.00% of their portfolio | 166.1k $14.7m | Reduced -1.6k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 1.92% of their portfolio | 154.3k $13.7m | Reduced -7.9k |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 149.5k $13.3m | Added +5.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 147.4k $13.1m | Reduced -1.9k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 127.9k $11.4m | Added +29.6k |
| Atria Investments, Inc 0.13% of their portfolio | 121.8k $10.8m | Added +6.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 120.5k $10.7m | Reduced -1.8k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 117.3k $10.4m | Added +114.4k |
| Legal & General Group Plc 0.00% of their portfolio | 115.6k $10.3m | Added +8.5k |
| NZS Capital, LLC 0.34% of their portfolio | 112.8k $10.0m | Added +10.1k |
| Freestone Grove Partners LP 0.08% of their portfolio | 112.0k $9.9m | Added +29.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 106.6k $9.5m | Added +39.0k |
| Trexquant Investment LP 0.11% of their portfolio | 106.0k $9.4m | Added +84.0k |
| NOVARE CAPITAL MANAGEMENT LLC 0.77% of their portfolio | 106.0k $9.4m | Added +1.9k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 103.3k $9.2m | Reduced -11.2k |
| Swiss National Bank 0.01% of their portfolio | 96.5k $8.6m | Reduced -1.5k |
| SPROTT INC. 0.42% of their portfolio | 95.0k $8.4m | Added +20.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 91.7k $8.1m | Added +248 |
| Nuveen, LLC 0.00% of their portfolio | 91.0k $8.1m | Reduced -22.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 90.8k $8.1m | Added +24.2k |
| Mariner, LLC 0.01% of their portfolio | 86.0k $7.6m | Reduced -469 |
| Quantinno Capital Management LP 0.03% of their portfolio | 85.1k $7.6m | Added +53.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 84.3k $7.5m | Added +33.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 83.8k $7.4m | Added +4.0k |
| Walleye Capital LLC 0.07% of their portfolio | 82.9k $7.4m | Added +57.4k |
| Retirement Systems of Alabama 0.02% of their portfolio | 65.0k $5.8m | Added +252 |
| Hosking Partners LLP 0.23% of their portfolio | 64.9k $5.8m | Reduced -470 |
| MARSHALL WACE, LLP 0.01% of their portfolio | 64.8k $5.8m | Added +36.1k |
| AlTi Global, Inc. 0.14% of their portfolio | 64.5k $5.7m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 61.1k $5.4m | Reduced -100 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 59.4k $5.3m | Reduced -903 |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 58.4k $5.2m | Added +16.8k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 55.7k $4.9m | Added +12.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 55.4k $4.9m | Reduced -18.6k |
| Cetera Investment Advisers 0.01% of their portfolio | 54.0k $4.8m | Added +4.5k |
| Salvus Wealth Management, LLC 2.78% of their portfolio | 53.7k $4.8m | Added +4.7k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.35% of their portfolio | 50.5k $4.5m | Added +19.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 48.3k $4.3m | Added +3.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 47.0k $4.1m | Added +33.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 46.6k $4.1m | Unchanged |
| TRUIST FINANCIAL CORP 0.01% of their portfolio | 45.7k $4.1m | Reduced -2.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 43.8k $3.9m | Reduced -10 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 42.8k $3.8m | New |
| LPL Financial LLC 0.00% of their portfolio | 40.3k $3.6m | Reduced -819 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 39.4k $3.5m | Reduced -2.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 37.8k $3.4m | Reduced -2.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 34.8k $3.1m | Added +104 |
| Verition Fund Management LLC 0.02% of their portfolio | 34.1k $3.0m | Added +2.0k |
| NewEdge Wealth, LLC 0.05% of their portfolio | 31.9k $3.1m | Reduced -733 |
| Vestmark Advisory Solutions, Inc. 0.04% of their portfolio | 31.7k $2.8m | Reduced -32.1k |
| COMERICA BANK 0.01% of their portfolio | 29.4k $2.6m | Reduced -2.3k |
| Aquatic Capital Management LLC 0.05% of their portfolio | 29.2k $2.6m | New |
| &PARTNERS 0.02% of their portfolio | 28.9k $2.6m | Added +4.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 28.6k $2.5m | Reduced -898 |
| Fieldview Capital Management, LLC 0.38% of their portfolio | 28.4k $2.5m | Added +15.1k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 27.7k $2.5m | Added +1.7k |
| WINTON GROUP Ltd 0.12% of their portfolio | 26.5k $2.4m | New |