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 ($16.0m this quarter). Holder counts are more reliable. Shares outstanding: 49.7m as of 2024-07-19, 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 ≈ $99.91. Options: 6 managers hold calls ($2.5m notional), 4 hold puts ($4.4m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 249 |
| Q4 2022 | 234 |
| Q1 2023 | 227 |
| Q2 2023 | 247 |
| Q3 2023 | 251 |
| Q4 2023 | 283 |
| Q1 2024 | 285 |
| Q2 2024 | 268 |
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 |
| Q3 2023 | 124 | 137 |
| Q4 2023 | 127 | 131 |
| Q1 2024 | 140 | 144 |
| Q2 2024 | 145 | 144 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $9.4m | $5.4m | 0.58 |
| Q4 2023 | $7.5m | $4.5m | 0.60 |
| Q1 2024 | $5.1m | $3.6m | 0.71 |
| Q2 2024 | $2.5m | $4.4m | 1.76 |
Biggest buyers
| Capital Research Global Investors | New | +975.3k |
| Point72 Asset Management, L.P. | New | +206.1k |
| Man Group plc | Added | +182.1k |
| VANGUARD GROUP INC | Added | +147.2k |
| CITADEL ADVISORS LLC | Added | +134.1k |
| BlackRock Inc. | Added | +133.2k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +124.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +103.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +92.4k |
| Qube Research & Technologies Ltd | Added | +68.5k |
Biggest sellers
| Cantillon Capital Management LLC | Reduced | -2.2m |
| JANE STREET GROUP, LLC | Reduced | -1.1m |
| MORGAN STANLEY | Reduced | -691.4k |
| JANUS HENDERSON GROUP PLC | Reduced | -279.0k |
| Mawer Investment Management Ltd. | Reduced | -251.0k |
| JUPITER ASSET MANAGEMENT LTD | Sold out | -156.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -88.2k |
| Cubist Systematic Strategies, LLC | Reduced | -75.6k |
| COOKSON PEIRCE & CO INC | Sold out | -65.0k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -61.8k |
Biggest calls
| Walleye Capital LLC | New | $1.2m12.3k shares |
| CITADEL ADVISORS LLC | Reduced | $720.0k7.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $420.0k4.2k shares |
| SIMPLEX TRADING, LLC | Added | $120.0k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| Covestor Ltd | New | $05 shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $2.5m24.8k shares |
| CITADEL ADVISORS LLC | Added | $1.5m14.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $440.0k4.4k 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 2024
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 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 |
| Q3 2023 | 0 | — | 4 | $368.3m | $8.1m |
| Q4 2023 | 0 | — | 2 | $2.6m | $2.6m |
| Q1 2024 | 0 | — | 6 | $7.0m | $1.5m |
| Q2 2024 | 0 | — | 2 | $231.6k | $231.6k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-20 | Warren Alexander G. SVP, CHIEF REVENUE OFFICER | Sold plan | $193.7k1.9k shares |
| 2024-05-01 | Chamberlain Paul Edward Director | Sold plan | $37.9k375 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 2024
| Manager | Shares | Change |
|---|---|---|
| Atairos Group, Inc. 63.49% of their portfolio | 18.1m $1.8bn | Unchanged |
| Mawer Investment Management Ltd. 1.86% of their portfolio | 3.9m $392.7m | Reduced -251.0k |
| VANGUARD GROUP INC 0.01% of their portfolio | 3.0m $298.6m | Added +147.2k |
| BlackRock Inc. 0.01% of their portfolio | 2.6m $257.8m | Added +133.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 1.2m $121.7m | Added +103.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 1.1m $113.8m | Added +124.9k |
| Capital Research Global Investors 0.02% of their portfolio | 975.3k $97.5m | New |
| EARNEST PARTNERS LLC 0.43% of their portfolio | 915.0k $91.5m | Added +16.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 823.0k $82.3m | Added +9.4k |
| STATE STREET CORP 0.00% of their portfolio | 778.2k $77.8m | Added +23.1k |
| Cantillon Capital Management LLC 0.51% of their portfolio | 763.4k $76.3m | Reduced -2.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 715.6k $71.6m | Added +29.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 692.0k $69.2m | Reduced -11.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 474.5k $47.4m | Added +13.6k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.18% of their portfolio | 417.0k $41.7m | Reduced -225 |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 401.5k $40.2m | Reduced -279.0k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 394.2k $39.4m | Added +62.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.16% of their portfolio | 387.8k $38.8m | Added +12.2k |
| MERCER GLOBAL ADVISORS INC /ADV 0.10% of their portfolio | 353.4k $35.3m | Reduced -36.4k |
| MORGAN STANLEY 0.00% of their portfolio | 340.6k $34.1m | Reduced -691.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 289.9k $29.0m | Reduced -2.9k |
| NORGES BANK 0.00% of their portfolio | 261.5k $26.2m | Added +58.9k |
| EMERALD ADVISERS, LLC 1.05% of their portfolio | 250.2k $25.0m | Reduced -10.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 244.6k $24.5m | Added +8.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 241.3k $24.1m | Added +5.1k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.06% of their portfolio | 224.0k $22.3m | Reduced -49.3k |
| REINHART PARTNERS, LLC. 0.88% of their portfolio | 211.0k $21.1m | Added +4.2k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 211.0k $21.1m | Added +68.5k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 206.1k $20.6m | New |
| EMERALD MUTUAL FUND ADVISERS TRUST 1.08% of their portfolio | 205.3k $20.5m | Unchanged |
| Man Group plc 0.05% of their portfolio | 186.0k $18.6m | Added +182.1k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.29% of their portfolio | 163.6k $16.4m | Added +20.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 163.3k $16.3m | Reduced -24.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 162.5k $16.4m | Reduced -27.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 160.2k $16.0m | Reduced -263 |
| Summit Trail Advisors, LLC 0.36% of their portfolio | 138.0k $13.8m | Reduced -3.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 134.5k $13.4m | Added +134.1k |
| GW&K Investment Management, LLC 0.12% of their portfolio | 132.2k $13.2m | Added +9.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 124.0k $12.4m | Added +92.4k |
| Cubist Systematic Strategies, LLC 0.21% of their portfolio | 123.6k $12.4m | Reduced -75.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 112.4k $11.2m | Reduced -294 |
| Boston Partners 0.01% of their portfolio | 110.9k $11.1m | Added +2.7k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 108.0k $10.8m | Added +37.2k |
| AXA S.A. 0.01% of their portfolio | 73.5k $7.3m | Added +9.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 73.1k $7.3m | Reduced -825 |
| Invesco Ltd. 0.00% of their portfolio | 71.5k $7.1m | Reduced -143 |
| Engineers Gate Manager LP 0.16% of their portfolio | 69.1k $6.9m | Added +58.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 68.4k $6.8m | Reduced -6.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 67.1k $6.7m | Added +17.7k |
| Select Equity Group, L.P. 0.03% of their portfolio | 66.5k $6.7m | New |
| Swiss National Bank 0.00% of their portfolio | 64.7k $6.5m | Unchanged |
| Summit Street Capital Management, LLC 2.32% of their portfolio | 63.6k $6.4m | Unchanged |
| EULAV Asset Management 0.17% of their portfolio | 63.3k $6.3m | Added +7.9k |
| Brandywine Global Investment Management, LLC 0.05% of their portfolio | 61.7k $6.2m | Added +9.9k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.51% of their portfolio | 61.0k $6.1m | Added +18.9k |
| Candriam S.C.A. 0.04% of their portfolio | 60.4k $6.0m | Reduced -48.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 58.6k $5.9m | Reduced -1.1m |
| Advantage Alpha Capital Partners LP 1.24% of their portfolio | 56.6k $5.7m | Added +9.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 55.9k $5.6m | Reduced -5.4k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 55.4k $5.5m | Added +38.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 55.4k $5.6m | Added +21.9k |
| CONGRESS ASSET MANAGEMENT CO 0.04% of their portfolio | 54.7k $5.5m | Reduced -6.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 54.6k $5.5m | Added +6.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 52.5k $5.2m | Reduced -1.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 50.7k $5.1m | Reduced -59.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 49.3k $4.9m | Added +2.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 47.2k $4.7m | Added +13.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 45.3k $4.5m | Added +27.3k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 45.2k $4.5m | Reduced -88.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 44.2k $4.4m | Added +279 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.10% of their portfolio | 43.5k $4.3m | New |
| GHP Investment Advisors, Inc. 0.22% of their portfolio | 43.4k $4.3m | Added +3.9k |
| Bridgewater Associates, LP 0.02% of their portfolio | 43.1k $4.3m | Reduced -28.9k |
| IFG Advisory, LLC 0.27% of their portfolio | 42.3k $4.2m | Reduced -2.6k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 40.8k $4.1m | Reduced -8.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 37.5k $3.8m | Added +4.3k |
| Quantbot Technologies LP 0.18% of their portfolio | 37.4k $3.7m | Added +22.8k |
| Legal & General Group Plc 0.00% of their portfolio | 35.5k $3.6m | Added +431 |
| JLB & ASSOCIATES INC 0.47% of their portfolio | 35.0k $3.5m | Added +658 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 32.1k $3.2m | Reduced -689 |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 32.0k $3.2m | Reduced -7.1k |
| BARCLAYS PLC 0.00% of their portfolio | 31.4k $3.1m | Reduced -7.7k |
| Squarepoint Ops LLC 0.01% of their portfolio | 31.4k $3.1m | Added +1.4k |
| Hillsdale Investment Management Inc. 0.24% of their portfolio | 30.4k $3.0m | Reduced -10.2k |
| GSA CAPITAL PARTNERS LLP 0.20% of their portfolio | 29.3k $2.9m | Added +18.1k |
| GHE, LLC 1.07% of their portfolio | 26.6k $2.7m | Added +30 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 25.8k $2.6m | Reduced -33.1k |
| Alpine Peaks Capital, LP 1.57% of their portfolio | 25.5k $2.6m | New |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 23.9k $2.4m | Added +200 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 23.8k $2.4m | Added +1.5k |
| Aquatic Capital Management LLC 0.08% of their portfolio | 22.1k $2.2m | Added +20.8k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 22.1k $2.2m | New |
| AGF MANAGEMENT LTD 0.01% of their portfolio | 22.0k $2.2m | Added +4.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 21.9k $2.2m | Added +2.3k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.03% of their portfolio | 21.9k $2.2m | Added +4.4k |
| BAXTER BROS INC 0.27% of their portfolio | 20.4k $2.0m | Reduced -150 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 20.1k $2.0m | Added +1.0k |
| COMERICA BANK 0.01% of their portfolio | 19.6k $2.0m | Reduced -4.5k |
| ALGERT GLOBAL LLC 0.06% of their portfolio | 19.2k $1.9m | Reduced -16.9k |
| Mirador Capital Partners LP 0.36% of their portfolio | 18.9k $1.9m | Reduced -585 |