TRINITY INDS INC TRN
COM · Common Stock · CUSIP 896522109 · ISIN US8965221091
* 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 ($16.9m this quarter). Holder counts are more reliable. Shares outstanding: 79.7m as of 2026-07-23, 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 ≈ $34.59. Options: 6 managers hold calls ($3.0m notional), 8 hold puts ($24.6m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 250 |
| Q4 2022 | 259 |
| Q1 2023 | 250 |
| Q2 2023 | 232 |
| Q3 2023 | 231 |
| Q4 2023 | 264 |
| Q1 2024 | 262 |
| Q2 2024 | 284 |
| Q3 2024 | 297 |
| Q4 2024 | 293 |
| Q1 2025 | 299 |
| Q2 2025 | 294 |
| Q3 2025 | 306 |
| Q4 2025 | 305 |
| Q1 2026 | 325 |
| Q2 2026 | 343 |
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 2024 | 130 | 137 |
| Q4 2024 | 114 | 138 |
| Q1 2025 | 138 | 132 |
| Q2 2025 | 139 | 141 |
| Q3 2025 | 139 | 129 |
| Q4 2025 | 133 | 150 |
| Q1 2026 | 161 | 131 |
| Q2 2026 | 164 | 124 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $4.1m | $4.3m | 1.04 |
| Q4 2025 | $3.2m | $988.9k | 0.31 |
| Q1 2026 | $2.5m | $1.2m | 0.48 |
| Q2 2026 | $3.0m | $24.6m | 8.22 |
Biggest buyers
| River Road Asset Management, LLC | New | +1.4m |
| GOLDMAN SACHS GROUP INC | Added | +921.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +715.1k |
| First Eagle Investment Management, LLC | Added | +511.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +372.2k |
| BlackRock, Inc. | Added | +370.4k |
| STATE STREET CORP | Added | +245.4k |
| Capital International Investors | Added | +234.8k |
| Invesco Ltd. | Added | +167.7k |
| PDT Partners, LLC | Added | +133.1k |
Biggest sellers
| Granite Investment Partners, LLC | Sold out | -381.7k |
| FMR LLC | Reduced | -183.8k |
| Nuveen, LLC | Reduced | -169.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -161.8k |
| JENNISON ASSOCIATES LLC | Reduced | -110.3k |
| JANE STREET GROUP, LLC | Sold out | -106.5k |
| NORTHERN TRUST CORP | Reduced | -98.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -94.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -89.4k |
| MORGAN STANLEY | Reduced | -89.3k |
Biggest calls
| IMC-Chicago, LLC | Added | $1.1m32.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $833.4k24.1k shares |
| CITADEL ADVISORS LLC | Added | $760.8k22.0k shares |
| JANE STREET GROUP, LLC | Reduced | $231.7k6.7k shares |
| Walleye Trading LLC | New | $41.5k1.2k shares |
| GROUP ONE TRADING LLC | Reduced | $3.5k100 shares |
Biggest puts
| J. Goldman & Co LP | New | $22.1m640.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $812.6k23.5k shares |
| CITADEL ADVISORS LLC | Added | $487.6k14.1k shares |
| Total Wealth Planning & Management, Inc. | New | $425.3k12.3k shares |
| IMC-Chicago, LLC | New | $359.6k10.4k shares |
| JANE STREET GROUP, LLC | Unchanged | $235.1k6.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $121.0k3.5k shares |
| Walleye Trading LLC | New | $17.3k500 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-29 | 15.5% |
| Capital International Investors 13G · institution -4.3 pts · filed 2026-05-14 | 6.9% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.7% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2025-04-15 | 6.1% |
| AMERICAN CENTURY INVESTMENT MANAGEMENT INC 13G · institution new · filed 2026-08-14 | 5.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $761.9k | — |
| Q1 2025 | 0 | — | 1 | $288.1k | $288.1k |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $502.4k | $502.4k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-25 | Poet Kevin EVP Operations & Support Svcs | Sold plan | $502.4k17.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 13.4m $461.9m | Added +370.4k |
| Capital International Investors 0.04% of their portfolio | 5.8m $199.0m | Added +234.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 5.7m $196.3m | Added +372.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 4.9m $167.8m | Added +52.6k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 4.3m $149.4m | Added +715.1k |
| STATE STREET CORP 0.00% of their portfolio | 4.1m $142.6m | Added +245.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.6m $123.7m | Reduced -5.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.5m $88.0m | Added +921.0k |
| JENNISON ASSOCIATES LLC 0.05% of their portfolio | 2.3m $80.7m | Reduced -110.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.0m $70.7m | Added +99.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $55.7m | Reduced -89.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.06% of their portfolio | 1.5m $52.1m | Added +117.0k |
| River Road Asset Management, LLC 0.53% of their portfolio | 1.4m $48.0m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $42.5m | Reduced -94.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $34.6m | Reduced -89.4k |
| GAMCO INVESTORS, INC. ET AL 0.30% of their portfolio | 970.9k $33.6m | Reduced -12.4k |
| Invesco Ltd. 0.00% of their portfolio | 952.3k $32.9m | Added +167.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 946.6k $32.7m | Reduced -98.5k |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 926.6k $32.0m | Added +511.0k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 906.6k $31.3m | Reduced -73.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 890.0k $30.8m | Added +3.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 569.6k $19.7m | Added +25.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 551.8k $19.1m | Added +15.7k |
| GABELLI FUNDS LLC 0.12% of their portfolio | 550.1k $19.0m | Unchanged |
| NORGES BANK 0.00% of their portfolio | 522.9k $18.1m | Not comparable |
| TCTC Holdings, LLC 0.44% of their portfolio | 486.7k $16.8m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 441.3k $15.3m | Reduced -66.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 433.8k $15.0m | Added +74.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 386.6k $13.4m | Reduced -4.3k |
| EARNEST PARTNERS LLC 0.05% of their portfolio | 375.4k $13.0m | Reduced -9.0k |
| PDT Partners, LLC 0.65% of their portfolio | 359.3k $12.4m | Added +133.1k |
| Empowered Funds, LLC 0.06% of their portfolio | 352.1k $12.2m | Added +25.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 350.0k $12.1m | Added +40.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 325.7k $11.3m | Added +22.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 302.6k $10.5m | Added +1.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 284.6k $9.8m | Reduced -26.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 273.2k $9.4m | Added +87.6k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 273.1k $9.4m | Reduced -13.7k |
| Nuveen, LLC 0.00% of their portfolio | 264.9k $9.2m | Reduced -169.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 255.0k $8.8m | Added +44.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 237.3k $8.2m | Reduced -20.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 232.9k $8.2m | Reduced -56.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 227.0k $7.8m | Reduced -25.9k |
| HRT FINANCIAL LP 0.02% of their portfolio | 218.8k $7.6m | Added +55.9k |
| ProShare Advisors LLC 0.01% of their portfolio | 206.3k $7.1m | Reduced -671 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 196.0k $6.8m | Added +7.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 193.3k $6.7m | Reduced -161.8k |
| Legal & General Group Plc 0.00% of their portfolio | 190.9k $6.6m | Reduced -4.9k |
| STEPHENS INC /AR/ 0.07% of their portfolio | 177.6k $6.1m | Added +10.5k |
| Voleon Capital Management LP 0.11% of their portfolio | 168.6k $5.8m | Added +25.0k |
| Swiss National Bank 0.00% of their portfolio | 156.2k $5.4m | Reduced -3.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 144.1k $5.0m | Reduced -64.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 143.3k $5.0m | Reduced -4.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 130.4k $4.5m | Reduced -4.2k |
| INTECH INVESTMENT MANAGEMENT LLC 0.04% of their portfolio | 130.0k $4.5m | Added +65.2k |
| FMR LLC 0.00% of their portfolio | 127.2k $4.4m | Reduced -183.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 124.8k $4.3m | Added +9.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 120.1k $4.2m | Added +48.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 114.1k $3.9m | Added +66.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 113.4k $3.6m | Added +7.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 103.7k $3.6m | Added +17.5k |
| BARCLAYS PLC 0.00% of their portfolio | 103.2k $3.6m | Reduced -13.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 102.3k $3.5m | Added +4.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 100.0k $3.5m | Reduced -83.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 99.5k $3.4m | Added +9.5k |
| Jump Financial, LLC 0.03% of their portfolio | 97.0k $3.4m | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 96.2k $3.3m | Reduced -5.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 95.6k $3.3m | Reduced -2.5k |
| GUGGENHEIM CAPITAL LLC 0.02% of their portfolio | 90.1k $3.1m | Reduced -13.9k |
| SEGALL BRYANT & HAMILL, LLC 0.04% of their portfolio | 87.9k $3.0m | Added +38.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 84.9k $2.9m | Reduced -4.4k |
| Orchard Capital Management, LLC 2.97% of their portfolio | 78.2k $2.7m | Added +991 |
| CENTRAL VALLEY ADVISORS, LLC 0.66% of their portfolio | 75.0k $2.6m | Added +6.6k |
| TD Waterhouse Canada Inc. 0.01% of their portfolio | 71.6k $2.4m | Added +1.6k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 67.0k $2.3m | Added +35.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 66.7k $2.3m | Added +8.3k |
| CITIGROUP INC 0.00% of their portfolio | 66.2k $2.3m | Added +21.8k |
| Quantinno Capital Management LP 0.00% of their portfolio | 64.7k $2.2m | Added +43.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 64.5k $2.2m | Added +28.7k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 62.3k $2.2m | Added +4.3k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 60.4k $2.1m | New |
| Integrated Quantitative Investments LLC 0.34% of their portfolio | 59.9k $2.1m | New |
| Ellsworth Advisors, LLC 0.35% of their portfolio | 59.7k $2.2m | Added +7.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 57.1k $2.0m | Added +92 |
| LPL Financial LLC 0.00% of their portfolio | 54.5k $1.9m | Added +17.2k |
| Brevan Howard Capital Management LP 0.03% of their portfolio | 53.9k $1.9m | New |
| Cetera Investment Advisers 0.00% of their portfolio | 53.3k $1.8m | Reduced -2.4k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 52.2k $1.8m | Reduced -1.3k |
| Corient Private Wealth LP 0.00% of their portfolio | 48.1k $1.7m | Added +41.5k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 47.9k $1.7m | Added +25.8k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 47.1k $1.6m | Added +2.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 46.8k $1.6m | Added +217 |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 40.7k $1.4m | Reduced -4.6k |
| Truvestments Capital LLC 0.21% of their portfolio | 40.3k $1.4m | Reduced -2.7k |
| Twelve Points Wealth Management LLC 0.28% of their portfolio | 40.1k $1.4m | Reduced -8 |
| Worth Asset Management, LLC 0.44% of their portfolio | 39.9k $1.4m | Unchanged |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 38.8k $1.3m | Reduced -13.2k |
| Engineers Gate Manager LP 0.02% of their portfolio | 38.3k $1.3m | Added +19.5k |
| Everstar Asset Management, LLC 0.64% of their portfolio | 38.2k $1.3m | Reduced -914 |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 38.2k $1.3m | Added +534 |