TRINITY PL HLDGS INC TPHS
COM · Common Stock · CUSIP 89656D101
- SectorReal estate
- IndustryOpeators of Nonresidential Buildings
- HeadquartersNew York, NY
- 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. Holder counts are more reliable. Shares outstanding: 64.1m as of 2024-08-14, 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 ≈ $0.12.
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 31 |
| Q4 2022 | 30 |
| Q1 2023 | 31 |
| Q2 2023 | 32 |
| Q3 2023 | 32 |
| Q4 2023 | 37 |
| Q1 2024 | 35 |
| Q2 2024 | 35 |
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 | 14 | 12 |
| Q1 2023 | 12 | 6 |
| Q2 2023 | 3 | 9 |
| Q3 2023 | 8 | 8 |
| Q4 2023 | 15 | 11 |
| Q1 2024 | 12 | 16 |
| Q2 2024 | 8 | 20 |
Biggest buyers
| GEODE CAPITAL MANAGEMENT, LLC | Added | +262.9k |
| UBS Group AG | New | +129.3k |
| STATE STREET CORP | Added | +107.5k |
| HRT FINANCIAL LP | New | +66.5k |
| TWO SIGMA SECURITIES, LLC | New | +18.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +13.3k |
| OSAIC HOLDINGS, INC. | Added | +2.0k |
| BANK OF AMERICA CORP /DE/ | New | +481 |
Biggest sellers
| Price Jennifer C. | Reduced | -700.0k |
| THIRD AVENUE MANAGEMENT LLC | Reduced | -634.0k |
| CITADEL ADVISORS LLC | Sold out | -185.1k |
| Cerity Partners LLC | Reduced | -183.9k |
| FNY Investment Advisers, LLC | Reduced | -115.3k |
| Teton Advisors, Inc. | Reduced | -99.0k |
| Virtu Financial LLC | Sold out | -53.2k |
| CIBC WORLD MARKET INC. | Sold out | -39.6k |
| FIRST MANHATTAN CO. LLC. | Reduced | -30.0k |
| Tower Research Capital LLC (TRC) | Reduced | -21.3k |
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 |
|---|---|
STEEL PARTNERS HOLDINGS L.P.
13D · may seek influence
new · filed 2025-02-21
Stated purposeOn February 5, 2025, Steel IP agreed to purchase 25,862,245 shares of Common Stock from TPHS Lender LLC ("Seller") in a private secondary transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to the terms and conditions of a stock purchase agreement ("SPA") entered into between Steel IP, the Seller and the Issuer, a copy of which is filed as Exhibit 99.2 hereto and incorporated herein by reference. Pursuant to the terms of the SPA, Steel IP agreed to pay aggregate consideration of $2,586,200, which represents $1,293,100 in consideration for the shares of Common Stock and the remainder of which constitutes consideration to the Seller for the various other covenants and obligations of the Seller pursuant to the SPA. T… Full filing |
40.0% |
| MFP INVESTORS LLC 13G · passive investor filed 2025-02-10 | 12.6% |
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 | — | 0 | — | — |
| Q4 2022 | 3 | $79.6k | 1 | $55.2k | — |
| Q1 2023 | 1 | $4.5k | 0 | — | — |
| Q2 2023 | 1 | $1.5k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-07 | MFP PARTNERS LP +2 10% owner | Sold | $19.9k86.7k shares |
| 2024-06-06 | MFP PARTNERS LP +2 10% owner | Sold | $6.6k55.4k shares |
| 2024-06-05 | MFP PARTNERS LP +2 10% owner | Sold | $29.1k207.9k shares |
| 2024-05-17 | MFP PARTNERS LP +2 10% owner | Sold | $19.9k124.6k shares |
| 2024-05-16 | MFP PARTNERS LP +2 10% owner | Sold | $32.7k217.9k shares |
| 2024-05-15 | MFP PARTNERS LP +2 10% owner | Sold | $1.0k7.5k 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 |
|---|---|---|
| Davidson Kempner Capital Management LP 0.05% of their portfolio | 25.9m $3.0m | Unchanged |
| Price Jennifer C. 1.16% of their portfolio | 8.5m $998.3k | Reduced -700.0k |
| THIRD AVENUE MANAGEMENT LLC 0.07% of their portfolio | 3.5m $406.6k | Reduced -634.0k |
| KAHN BROTHERS GROUP INC 0.03% of their portfolio | 1.5m $178.3k | Unchanged |
| Unisphere Establishment 0.00% of their portfolio | 1.5m $173.5k | Unchanged |
| Oppenheimer & Close, LLC 0.06% of their portfolio | 600.0k $70.2k | Reduced -16.0k |
| O'Keefe Stevens Advisory, Inc. 0.02% of their portfolio | 427.2k $50.0k | Reduced -7.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 355.4k $41.6k | Added +262.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 322.5k $37.7k | Unchanged |
| Bulldog Investors, LLP 0.01% of their portfolio | 221.7k $25.9k | Reduced -5.0k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 180.0k $21.1k | Reduced -12.0k |
| FNY Investment Advisers, LLC 0.01% of their portfolio | 171.5k $20.0k | Reduced -115.3k |
| STATE STREET CORP 0.00% of their portfolio | 154.7k $18.1k | Added +107.5k |
| UBS Group AG 0.00% of their portfolio | 129.3k $15.1k | New |
| BOYAR ASSET MANAGEMENT INC. 0.01% of their portfolio | 83.9k $9.8k | Reduced -334 |
| HRT FINANCIAL LP 0.00% of their portfolio | 66.5k $7.0k | New |
| CASTLEKEEP INVESTMENT ADVISORS LLC 0.00% of their portfolio | 53.6k $6.3k | Unchanged |
| Teton Advisors, Inc. 0.00% of their portfolio | 50.0k $5.8k | Reduced -99.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 48.8k $5.9k | Added +2.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 41.5k $4.9k | Reduced -273 |
| BlackRock Inc. 0.00% of their portfolio | 37.0k $4.3k | Unchanged |
| Shay Capital LLC 0.00% of their portfolio | 35.8k $4.2k | Reduced -7.9k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 25.4k $3.0k | Reduced -21.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 24.7k $2.9k | Added +13.3k |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 18.0k $2.1k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 16.8k $2.0k | Reduced -1.6k |
| Cerity Partners LLC 0.00% of their portfolio | 15.5k $1.8k | Reduced -183.9k |
| FIRST MANHATTAN CO. LLC. 0.00% of their portfolio | 14.6k $1.7k | Reduced -30.0k |
| Mraz, Amerine & Associates, Inc. 0.00% of their portfolio | 13.6k $1.6k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 12.8k $2.0k | Unchanged |
| Cutter & CO Brokerage, Inc. 0.00% of their portfolio | 12.1k $1.4k | Unchanged |
| XTX Topco Ltd 0.00% of their portfolio | 10.3k $1.2k | Reduced -17.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 481 $56 | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 11 $1 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |