TRISALUS LIFE SCIENCES INC TLSI
COM · Common Stock · CUSIP 89680M101
- SectorHealth care
- IndustrySurgical & Medical Instruments & Apparatus
- HeadquartersWestminster, CO
- 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: 50.0m as of 2025-11-10, 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 ≈ $6.98.
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2023 | 10 |
| Q4 2023 | 20 |
| Q1 2024 | 26 |
| Q2 2024 | 28 |
| Q3 2024 | 32 |
| Q4 2024 | 29 |
| Q1 2025 | 35 |
| Q2 2025 | 47 |
| Q3 2025 | 56 |
| Q4 2025 | 64 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 15 | 8 |
| Q2 2024 | 12 | 13 |
| Q3 2024 | 13 | 15 |
| Q4 2024 | 9 | 15 |
| Q1 2025 | 23 | 7 |
| Q2 2025 | 37 | 10 |
| Q3 2025 | 31 | 12 |
| Q4 2025 | 36 | 20 |
Biggest buyers
| BlackRock, Inc. | Added | +746.5k |
| VANGUARD GROUP INC | Added | +371.1k |
| MORGAN STANLEY | Added | +347.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +196.8k |
| Empire Financial Management Company, LLC | New | +72.0k |
| STATE STREET CORP | Added | +72.0k |
| NORTHERN TRUST CORP | Added | +45.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +42.8k |
| Laird Norton Wetherby Trust Company, LLC | New | +35.0k |
| Nantahala Capital Management, LLC | Added | +30.6k |
Biggest sellers
| Alyeska Investment Group, L.P. | Reduced | -150.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -84.5k |
| Corient Private Wealth LP | Sold out | -75.7k |
| GILDER GAGNON HOWE & CO LLC | Reduced | -68.0k |
| Squarepoint Ops LLC | Reduced | -29.3k |
| Vestcor Inc | Sold out | -23.4k |
| Sequoia Financial Advisors, LLC | Sold out | -19.5k |
| NEW YORK STATE COMMON RETIREMENT FUND | Reduced | -7.0k |
| AWM Investment Company, Inc. | Reduced | -6.2k |
| Cambridge Investment Research Advisors, Inc. | Reduced | -3.9k |
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 |
|---|---|
Frankenius Equity AB
13D · may seek influence
-6.5 pts · filed 2025-08-04
Stated purposeItem 4 of the Statement is hereby amended and supplemented as follows: On June 23, 2025, the Issuer filed a Form S-4 announcing the Exchange Offer (the "Offer") of Common Stock in exchange for the shares of the Issuer's Preferred Stock, which equated to an exchange ratio of 3.3 shares of Common Stock for each share of Preferred Stock exchanged pursuant to the Offer. The Offer expired at one minute after 11:59 P.M. Eastern Daylight Time on July 23, 2025 and the conversions were completed on July 31, 2025. Frankenius Equity AB accepted the Exchange and was issued 759,000 shares of Common Stock in exchange for their 230,000 shares of Preferred Stock. Full filing |
14.0% |
| First Light Asset Management, LLC 13G · institution +2.0 pts · filed 2026-07-07 | 10.7% |
Wahlstrom Mats
13D · may seek influence
-3.0 pts · filed 2025-08-01
Stated purposeItem 4 of the Statement is hereby amended and supplemented as follows: On June 23, 2025, the Issuer filed a Form S-4 announcing the Exchange Offer (the "Offer") of Common Stock in exchange for the shares of the Issuer's Preferred Stock, which equated to an exchange ratio of 3.3 shares of Common Stock for each share of Preferred Stock exchanged pursuant to the Offer. The Offer expired at one minute after 11:59 P.M. Eastern Daylight Time on July 23, 2025 and the conversions were completed on July 31, 2025. Leonard Capital, LLC. accepted the Exchange and was issued 165,000 shares of Common Stock in exchange for their 50,000 shares of Preferred Stock. Full filing |
6.0% |
| Utmost Group Plc 13G · institution -1.1 pts · filed 2026-05-12 | 5.7% |
| PALLOTTA JAMES J 13G · passive investor filed 2026-05-20 | 5.2% |
Fell to 5% or below in the last year: Nantahala Capital Management, LLC (4.1%, 2025-11-14)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 1 | $100.2k | 1 | $50 | — |
| Q4 2024 | 1 | $69.8k | 2 | $112.1k | — |
| Q1 2025 | 3 | $422.8k | 0 | — | — |
| Q2 2025 | 0 | — | 4 | $103.9k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Nantahala Capital Management, LLC 0.86% of their portfolio | 2.1m $14.5m | Added +30.6k |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $10.7m | Added +746.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.5m $10.7m | Added +371.1k |
| AWM Investment Company, Inc. 0.84% of their portfolio | 1.2m $8.7m | Reduced -6.2k |
| GILDER GAGNON HOWE & CO LLC 0.07% of their portfolio | 979.0k $6.8m | Reduced -68.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 751.2k $5.2m | Added +196.8k |
| Wealthcare Advisory Partners LLC 0.09% of their portfolio | 643.7k $4.5m | Unchanged |
| Alyeska Investment Group, L.P. 0.01% of their portfolio | 407.5k $2.8m | Reduced -150.0k |
| MORGAN STANLEY 0.00% of their portfolio | 365.3k $2.5m | Added +347.3k |
| STATE STREET CORP 0.00% of their portfolio | 264.6k $1.8m | Added +72.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 222.2k $1.6m | Added +45.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 198.0k $1.4m | Added +8.8k |
| KOTLER KEVIN 0.75% of their portfolio | 145.2k $1.0m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 100.1k $698.5k | Added +42.8k |
| Empire Financial Management Company, LLC 0.11% of their portfolio | 72.0k $502.7k | New |
| CWA Asset Management Group, LLC 0.02% of their portfolio | 72.0k $502.6k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 69.5k $485.1k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 66.0k $460.5k | Reduced -84.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 64.6k $450.9k | Added +17.9k |
| WHITE PINE CAPITAL LLC 0.11% of their portfolio | 58.6k $408.7k | Reduced -1.2k |
| BARCLAYS PLC 0.00% of their portfolio | 47.7k $332.9k | Added +21.2k |
| Squarepoint Ops LLC 0.00% of their portfolio | 44.4k $309.7k | Reduced -29.3k |
| MSD Partners, L.P. 0.26% of their portfolio | 40.0k $279.2k | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 36.5k $255.1k | Added +16.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 35.7k $249.0k | Added +67 |
| Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio | 35.0k $244.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 34.9k $243.7k | Added +20.3k |
| Connective Capital Management, LLC 0.13% of their portfolio | 32.8k $228.9k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 23.5k $164.4k | New |
| Connecticut Wealth Management, LLC 0.01% of their portfolio | 22.3k $155.7k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 18.1k $126.6k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 15.6k $109.0k | Reduced -3.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 15.4k $107.7k | Added +403 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 14.8k $104.0k | New |
| Man Group plc 0.00% of their portfolio | 14.6k $102.0k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 14.1k $98.7k | Added +5.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 12.2k $84.8k | Reduced -2.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 11.1k $77.4k | Reduced -7.0k |
| HighMark Wealth Management LLC 0.03% of their portfolio | 10.8k $75.4k | New |
| FMR LLC 0.00% of their portfolio | 10.8k $75.2k | Added +10.5k |
| Abel Hall, LLC 0.02% of their portfolio | 10.5k $73.3k | New |
| Invesco Ltd. 0.00% of their portfolio | 10.3k $71.8k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 6.4k $44.6k | Added +1.6k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 5.4k $37.7k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 5.1k $35.9k | Reduced -3.8k |
| Arax Advisory Partners 0.00% of their portfolio | 4.0k $28.0k | Reduced -40 |
| Legal & General Group Plc 0.00% of their portfolio | 2.9k $20.0k | Added +1.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 2.7k $19.0k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 1.9k $13.1k | Added +877 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.8k $12.4k | Reduced -1.2k |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.6k $11.4k | Unchanged |
| Sterling Capital Management LLC 0.00% of their portfolio | 1.4k $9.6k | Added +373 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.2k $8.0k | Added +843 |
| AMALGAMATED BANK 0.00% of their portfolio | 956 $7.0k | Added +411 |
| CITIGROUP INC 0.00% of their portfolio | 688 $4.8k | Added +329 |
| HOERTKORN RICHARD CHARLES 0.00% of their portfolio | 668 $4.7k | Unchanged |
| Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio | 500 $3.5k | New |
| SIGNATUREFD, LLC 0.00% of their portfolio | 100 $698 | Unchanged |
| CWM, LLC 0.00% of their portfolio | 78 $1.0k | Reduced -12 |
| GAMMA Investing LLC 0.00% of their portfolio | 58 $405 | New |
| Rachor Investment Advisory Services, LLC 0.00% of their portfolio | 51 $356 | First filing |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 22 $154 | Reduced -43 |
| Essential Partners LLC 0.00% of their portfolio | 22 $154 | Unchanged |
| True Wealth Design, LLC 0.00% of their portfolio | 1 $7 | New |