TRINET GROUP INC TNET
COM · Common Stock · CUSIP 896288107
Business administrative services company
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersDublin, CA
- Founded1988
- Websitetrinet.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 ($61.9k this quarter). Holder counts are more reliable. Shares outstanding: 59.7m as of 2023-07-19, 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 ≈ $94.97. Options: 7 managers hold calls ($13.7m notional), 6 hold puts ($2.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 249 |
| Q4 2022 | 234 |
| Q1 2023 | 227 |
| Q2 2023 | 247 |
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 | 110 | 133 |
| Q1 2023 | 101 | 113 |
| Q2 2023 | 128 | 112 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.0m | $968.0k | 0.32 |
| Q4 2022 | $2.4m | $3.1m | 1.26 |
| Q1 2023 | $12.6m | $2.8m | 0.22 |
| Q2 2023 | $13.7m | $2.2m | 0.16 |
Biggest buyers
| EARNEST PARTNERS LLC | New | +1.1m |
| JANE STREET GROUP, LLC | Added | +486.2k |
| MERCER GLOBAL ADVISORS INC /ADV | Added | +400.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +193.6k |
| BANK OF MONTREAL /CAN/ | New | +169.6k |
| NEW YORK STATE COMMON RETIREMENT FUND | Added | +126.2k |
| GOLDMAN SACHS GROUP INC | Added | +105.6k |
| WELLS FARGO & COMPANY/MN | Added | +88.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +84.3k |
| Balyasny Asset Management L.P. | New | +71.8k |
Biggest sellers
| FMR LLC | Reduced | -999.4k |
| ArrowMark Colorado Holdings LLC | Sold out | -477.8k |
| VANGUARD GROUP INC | Reduced | -395.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -367.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -347.9k |
| Francisco Partners Management, LP | Sold out | -152.0k |
| Man Group plc | Sold out | -117.9k |
| FIL Ltd | Reduced | -106.5k |
| REINHART PARTNERS, LLC. | Reduced | -101.6k |
| OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC | Reduced | -77.6k |
Biggest calls
| GROUP ONE TRADING LLC | New | $6.3m66.3k shares |
| CITADEL ADVISORS LLC | Added | $3.4m36.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.9m30.6k shares |
| PEAK6 Investments LLC | Added | $664.8k7.0k shares |
| SUMMIT SECURITIES GROUP LLC | New | $313.0k3.3k shares |
| SIMPLEX TRADING, LLC | New | $94.0k1.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 Investments LLC | Reduced | $1.1m11.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.1m11.1k shares |
| Prosight Management, LP | New | $40.1k1.6m shares |
| CITADEL ADVISORS LLC | Reduced | $38.0k400 shares |
| SIMPLEX TRADING, LLC | Unchanged | $9.0k100 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 6 | $11.3m | — |
| Q1 2022 | 0 | — | 4 | $7.2m | — |
| Q2 2022 | 1 | $48.1k | 5 | $3.5m | — |
| Q3 2022 | 0 | — | 3 | $1.6m | — |
| Q4 2022 | 0 | — | 2 | $1.3m | — |
| Q1 2023 | 0 | — | 3 | $2.0m | $473.3k |
| Q2 2023 | 0 | — | 2 | $2.3m | $2.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-26 | Goldfield Burton M. PRESIDENT, CEO and DIRECTOR, director | Sold plan | $664.9k7.0k shares |
| 2023-06-23 | Goldfield Burton M. PRESIDENT, CEO and DIRECTOR, director | Sold plan | $267.3k2.8k shares |
| 2023-05-24 | Goldfield Burton M. PRESIDENT, CEO and DIRECTOR, director | Sold plan | $570.8k6.2k shares |
| 2023-05-18 | Warren Alexander G. SVP, CHIEF REVENUE OFFICER | Sold plan | $221.3k2.4k shares |
| 2023-04-28 | Goldfield Burton M. PRESIDENT, CEO and DIRECTOR, director | Sold plan | $563.4k6.2k 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 2023
| Manager | Shares | Change |
|---|---|---|
| Atairos Group, Inc. 69.31% of their portfolio | 21.5m $2.0bn | Unchanged |
| Mawer Investment Management Ltd. 2.16% of their portfolio | 4.3m $412.6m | Reduced -50.5k |
| Cantillon Capital Management LLC 2.31% of their portfolio | 3.5m $330.7m | Added +66.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio | 3.4m $326.7m | Reduced -367.9k |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.3m $311.1m | Reduced -395.5k |
| BlackRock Inc. 0.01% of their portfolio | 2.6m $247.7m | Added +61.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.4m $132.9m | Reduced -4.0k |
| JANUS HENDERSON GROUP PLC 0.07% of their portfolio | 1.2m $114.0m | Reduced -71.7k |
| EARNEST PARTNERS LLC 0.59% of their portfolio | 1.1m $105.8m | New |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.46% of their portfolio | 847.9k $80.5m | Added +1.4k |
| STATE STREET CORP 0.00% of their portfolio | 794.4k $75.4m | Added +6.1k |
| FIL Ltd 0.08% of their portfolio | 717.1k $68.1m | Reduced -106.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 699.5k $66.4m | Reduced -43.6k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 643.8k $61.1m | Added +486.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 488.0k $46.3m | Reduced -17.1k |
| MERCER GLOBAL ADVISORS INC /ADV 0.17% of their portfolio | 440.9k $41.9m | Added +400.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 438.1k $41.6m | Reduced -347.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.21% of their portfolio | 390.0k $37.0m | Added +84.3k |
| REINHART PARTNERS, LLC. 1.87% of their portfolio | 388.7k $36.9m | Reduced -101.6k |
| NORGES BANK 0.01% of their portfolio | 384.3k $36.5m | Added +1.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 349.7k $33.2m | Added +1.2k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 334.2k $31.7m | Added +193.6k |
| MORGAN STANLEY 0.00% of their portfolio | 330.9k $31.4m | Added +18.3k |
| EMERALD ADVISERS, LLC 1.30% of their portfolio | 312.3k $29.7m | Added +36.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 257.0k $24.4m | Reduced -29.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 249.6k $23.7m | Added +105.6k |
| EMERALD MUTUAL FUND ADVISERS TRUST 1.24% of their portfolio | 240.4k $22.8m | Added +11.2k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.07% of their portfolio | 234.7k $22.3m | Added +63.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 204.3k $19.4m | Added +25.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 197.4k $18.9m | Reduced -9.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 179.6k $17.1m | Reduced -12.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 169.6k $16.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 168.1k $16.0m | Added +28.0k |
| Summit Trail Advisors, LLC 0.55% of their portfolio | 153.1k $14.5m | Unchanged |
| Capital Research Global Investors 0.00% of their portfolio | 152.3k $14.5m | Added +592 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 148.1k $14.1m | Added +126.2k |
| Cubist Systematic Strategies, LLC 0.13% of their portfolio | 122.3k $11.6m | Added +57.4k |
| AXA S.A. 0.04% of their portfolio | 116.1k $11.0m | Added +47.9k |
| GW&K Investment Management, LLC 0.10% of their portfolio | 106.9k $10.2m | Added +3.6k |
| ALGERT GLOBAL LLC 0.43% of their portfolio | 104.6k $9.9m | Added +37.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 97.4k $9.2m | Added +88.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 93.5k $8.9m | Reduced -3.2k |
| Invesco Ltd. 0.00% of their portfolio | 91.7k $8.7m | Added +9.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 86.5k $8.2m | Added +3.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 84.2k $8.0m | Reduced -21.8k |
| Swiss National Bank 0.01% of their portfolio | 77.8k $7.4m | Reduced -9.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 75.3k $7.2m | Added +10.7k |
| California Public Employees Retirement System 0.01% of their portfolio | 75.2k $7.1m | Unchanged |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 71.8k $6.8m | New |
| Summit Street Capital Management, LLC 3.17% of their portfolio | 70.9k $6.7m | Unchanged |
| STADIUM CAPITAL MANAGEMENT LLC 5.76% of their portfolio | 70.2k $6.7m | Reduced -20.0k |
| Corient Private Wealth LP 0.01% of their portfolio | 67.2k $6.4m | Reduced -13.3k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.10% of their portfolio | 62.8k $6.0m | Reduced -39.7k |
| CONGRESS ASSET MANAGEMENT CO 0.05% of their portfolio | 62.8k $6.0m | Added +11.7k |
| MERITAGE PORTFOLIO MANAGEMENT 0.41% of their portfolio | 60.9k $5.8m | Added +72 |
| Trexquant Investment LP 0.15% of their portfolio | 58.6k $5.6m | Added +7.0k |
| GLOBEFLEX CAPITAL L P 0.60% of their portfolio | 56.9k $5.4m | Reduced -2.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 56.4k $5.4m | Reduced -14.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 56.1k $5.3m | Reduced -33.3k |
| EULAV Asset Management 0.20% of their portfolio | 55.4k $5.3m | Unchanged |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 55.0k $5.2m | Added +761 |
| Man Group plc 0.02% of their portfolio | 52.1k $4.9m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 49.6k $4.7m | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 49.3k $4.7m | Reduced -3.7k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 47.5k $4.5m | Reduced -69.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 44.0k $4.2m | Reduced -5.5k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 40.5k $3.8m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 40.3k $3.8m | Unchanged |
| JLB & ASSOCIATES INC 0.54% of their portfolio | 39.6k $3.8m | Added +88 |
| TWINBEECH CAPITAL LP 0.07% of their portfolio | 38.8k $3.7m | New |
| CITIGROUP INC 0.00% of their portfolio | 38.3k $3.6m | Added +31.7k |
| SEIZERT CAPITAL PARTNERS, LLC 0.19% of their portfolio | 37.8k $3.6m | Reduced -2.2k |
| Legal & General Group Plc 0.00% of their portfolio | 37.0k $3.5m | Reduced -1.2k |
| FMR LLC 0.00% of their portfolio | 35.4k $3.4m | Reduced -999.4k |
| IFG Advisory, LLC 0.29% of their portfolio | 34.6k $3.3m | Added +25.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 34.0k $2.7m | Unchanged |
| HRT FINANCIAL LP 0.03% of their portfolio | 33.9k $3.2m | New |
| Castellan Group 1.99% of their portfolio | 32.7k $3.1m | New |
| GHP Investment Advisors, Inc. 0.20% of their portfolio | 32.3k $3.4m | Added +4.6k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 31.6k $3.0m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 29.1k $2.3m | Reduced -1.4k |
| LRT Capital Management, LLC 2.00% of their portfolio | 28.6k $2.7m | Reduced -395 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 28.4k $2.7m | Reduced -39.7k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 26.7k $2.5m | Unchanged |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.04% of their portfolio | 26.6k $2.5m | New |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 26.6k $2.5m | Reduced -2.1k |
| APG Asset Management N.V. 0.00% of their portfolio | 26.3k $2.3m | Added +3.1k |
| Advantage Alpha Capital Partners LP 0.47% of their portfolio | 25.0k $2.4m | Reduced -15.7k |
| PUTNAM INVESTMENTS LLC 0.00% of their portfolio | 24.6k $2.3m | Reduced -1.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 24.0k $2.3m | Added +21.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 23.7k $2.3m | Added +18.6k |
| Paralel Advisors LLC 0.12% of their portfolio | 23.5k $2.2m | Added +5.0k |
| UBS Group AG 0.00% of their portfolio | 23.2k $2.2m | Reduced -63.8k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 22.6k $2.1m | Added +12.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 22.2k $2.1m | Added +637 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 21.9k $2.1m | Added +6.3k |
| Mirador Capital Partners LP 0.48% of their portfolio | 21.3k $2.0m | Reduced -453 |
| BAXTER BROS INC 0.29% of their portfolio | 20.4k $1.9m | Reduced -600 |
| Prana Capital Management, LP 0.13% of their portfolio | 20.2k $1.9m | Reduced -37.6k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 19.8k $1.9m | Added +196 |