Vault-13

TRISALUS LIFE SCIENCES INC TLSI

COM · Common Stock · CUSIP 89680M101

64 institutional holders +8 vs Q3 2025
11,407,81111.4m shares reported held*
22.8% of all shares outstanding*
$79.6mreported value*
12 new 24 added 14 reduced 6 sold out net bought ≈ $11.8m (+1.7m shares)

* 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

0255075Q3 23: 10Q4 23: 20Q1 24: 26Q2 24: 28Q3 24: 32Q4 24: 29Q1 25: 35Q2 25: 47Q3 25: 56Q4 25: 6464Q3 23Q1 24Q3 24Q1 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 202310
Q4 202320
Q1 202426
Q2 202428
Q3 202432
Q4 202429
Q1 202535
Q2 202547
Q3 202556
Q4 202564

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 24: 15 bought or addedQ1 24: 8 cut or sold outQ2 24: 12 bought or addedQ2 24: 13 cut or sold outQ2 24Q3 24: 13 bought or addedQ3 24: 15 cut or sold outQ4 24: 9 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 23 bought or addedQ1 25: 7 cut or sold outQ2 25: 37 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 31 bought or addedQ3 25: 12 cut or sold outQ4 25: 36 bought or addedQ4 25: 20 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024158
Q2 20241213
Q3 20241315
Q4 2024915
Q1 2025237
Q2 20253710
Q3 20253112
Q4 20253620

Biggest buyers

BlackRock, Inc. Added +746,472+746.5k
VANGUARD GROUP INC Added +371,132+371.1k
MORGAN STANLEY Added +347,278+347.3k
GEODE CAPITAL MANAGEMENT, LLC Added +196,752+196.8k
Empire Financial Management Company, LLC New +72,027+72.0k
STATE STREET CORP Added +71,995+72.0k
NORTHERN TRUST CORP Added +45,580+45.6k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +42,772+42.8k
Laird Norton Wetherby Trust Company, LLC New +34,950+35.0k
Nantahala Capital Management, LLC Added +30,582+30.6k

Biggest sellers

Alyeska Investment Group, L.P. Reduced -150,000-150.0k
GOLDMAN SACHS GROUP INC Reduced -84,519-84.5k
Corient Private Wealth LP Sold out -75,700-75.7k
GILDER GAGNON HOWE & CO LLC Reduced -68,036-68.0k
Squarepoint Ops LLC Reduced -29,335-29.3k
Vestcor Inc Sold out -23,376-23.4k
Sequoia Financial Advisors, LLC Sold out -19,456-19.5k
NEW YORK STATE COMMON RETIREMENT FUND Reduced -7,000-7.0k
AWM Investment Company, Inc. Reduced -6,220-6.2k
Cambridge Investment Research Advisors, Inc. Reduced -3,900-3.9k

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.

HolderStakeChangeShares Last filed
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% -6.5 pts 7.0m≈ $31.8m 2025-08-04
First Light Asset Management, LLC 13G · institution +2.0 pts · filed 2026-07-07 10.7% +2.0 pts 6.6m≈ $30.0m 2026-07-07
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% -3.0 pts 3.0m≈ $13.6m 2025-08-01
Utmost Group Plc 13G · institution -1.1 pts · filed 2026-05-12 5.7% -1.1 pts 3.5m≈ $15.9m 2026-05-12
PALLOTTA JAMES J 13G · passive investor filed 2026-05-20 5.2% 3.2m≈ $14.5m 2026-05-20

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)

BuyingSelling
404Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 1 buyingQ3 24: 1 sellingQ4 24: 1 buyingQ4 24: 2 sellingQ4 24Q1 25: 3 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 4 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20241$100.2k1$50—
Q4 20241$69.8k2$112.1k—
Q1 20253$422.8k0——
Q2 20250—4$103.9k—
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Nantahala Capital Management, LLC 0.86% of their portfolio NEW CANAAN, CT 2,070,8272.1m $14.5m $14.5m 0.86% Added +30.6k +30,582
2 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,534,3361.5m $10.7m $10.7m 0.00% Added +746.5k +746,472
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,530,7071.5m $10.7m $10.7m 0.00% Added +371.1k +371,132
4 AWM Investment Company, Inc. 0.84% of their portfolio NEW YORK, NY 1,243,7801.2m $8.7m $8.7m 0.84% Reduced -6.2k -6,220
5 GILDER GAGNON HOWE & CO LLC 0.07% of their portfolio New York, NY 979,023979.0k $6.8m $6.8m 0.07% Reduced -68.0k -68,036
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 751,207751.2k $5.2m $5.2m 0.00% Added +196.8k +196,752
7 Wealthcare Advisory Partners LLC 0.09% of their portfolio WEST CHESTER, PA 643,740643.7k $4.5m $4.5m 0.09% Unchanged
8 Alyeska Investment Group, L.P. 0.01% of their portfolio CHICAGO, IL 407,500407.5k $2.8m $2.8m 0.01% Reduced -150.0k -150,000
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 365,255365.3k $2.5m $2.5m 0.00% Added +347.3k +347,278
10 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 264,628264.6k $1.8m $1.8m 0.00% Added +72.0k +71,995
11 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 222,234222.2k $1.6m $1.6m 0.00% Added +45.6k +45,580
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 198,016198.0k $1.4m $1.4m 0.00% Added +8.8k +8,836
13 KOTLER KEVIN 0.75% of their portfolio MELVILLE, NY 145,200145.2k $1.0m $1.0m 0.75% First filing
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 100,077100.1k $698.5k $698.5k 0.00% Added +42.8k +42,772
15 Empire Financial Management Company, LLC 0.11% of their portfolio NEW YORK, NY 72,02772.0k $502.7k $502.7k 0.11% New
16 CWA Asset Management Group, LLC 0.02% of their portfolio NAPLES, FL 72,00072.0k $502.6k $502.6k 0.02% Unchanged
17 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 69,50069.5k $485.1k $485.1k 0.01% Unchanged
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 65,96866.0k $460.5k $460.5k 0.00% Reduced -84.5k -84,519
19 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 64,60464.6k $450.9k $450.9k 0.00% Added +17.9k +17,900
20 WHITE PINE CAPITAL LLC 0.11% of their portfolio BLOOMINGTON, MN 58,55158.6k $408.7k $408.7k 0.11% Reduced -1.2k -1,182
21 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 47,69947.7k $332.9k $332.9k 0.00% Added +21.2k +21,231
22 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 44,37144.4k $309.7k $309.7k 0.00% Reduced -29.3k -29,335
23 MSD Partners, L.P. 0.26% of their portfolio NEW YORK, NY 39,99940.0k $279.2k $279.2k 0.26% Unchanged
24 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 36,55036.5k $255.1k $255.1k 0.00% Added +16.0k +15,956
25 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 35,67935.7k $249.0k $249.0k 0.00% Added +67 +67
26 Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio Seattle, WA 34,95035.0k $244.0k $244.0k 0.01% New
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 34,91434.9k $243.7k $243.7k 0.00% Added +20.3k +20,261
28 Connective Capital Management, LLC 0.13% of their portfolio PALO ALTO, CA 32,79632.8k $228.9k $228.9k 0.13% Unchanged
29 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 23,54623.5k $164.4k $164.4k 0.00% New
30 Connecticut Wealth Management, LLC 0.01% of their portfolio FARMINGTON, CT 22,30322.3k $155.7k $155.7k 0.01% Unchanged
31 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 18,13518.1k $126.6k $126.6k 0.00% New
32 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,55415.6k $109.0k $109.0k 0.00% Reduced -3.9k -3,900
33 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 15,42815.4k $107.7k $107.7k 0.00% Added +403 +403
34 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 14,81414.8k $104.0k $104.0k 0.00% New
35 Man Group plc 0.00% of their portfolio LONDON, X0 14,62014.6k $102.0k $102.0k 0.00% New
36 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 14,13514.1k $98.7k $98.7k 0.00% Added +5.5k +5,461
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,15012.2k $84.8k $84.8k 0.00% Reduced -2.9k -2,892
38 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 11,09511.1k $77.4k $77.4k 0.00% Reduced -7.0k -7,000
39 HighMark Wealth Management LLC 0.03% of their portfolio ST. PAUL, MN 10,80010.8k $75.4k $75.4k 0.03% New
40 FMR LLC 0.00% of their portfolio BOSTON, MA 10,77510.8k $75.2k $75.2k 0.00% Added +10.5k +10,519
41 Abel Hall, LLC 0.02% of their portfolio BATON ROUGE, LA 10,50010.5k $73.3k $73.3k 0.02% New
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 10,29210.3k $71.8k $71.8k 0.00% New
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 6,3856.4k $44.6k $44.6k 0.00% Added +1.6k +1,611
44 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 5,4005.4k $37.7k $37.7k 0.00% Unchanged
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,1495.1k $35.9k $35.9k 0.00% Reduced -3.8k -3,829
46 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 4,0084.0k $28.0k $28.0k 0.00% Reduced -40 -40
47 Legal & General Group Plc 0.00% of their portfolio London, X0 2,8702.9k $20.0k $20.0k 0.00% Added +1.4k +1,416
48 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,7292.7k $19.0k $19.0k 0.00% Unchanged
49 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 1,8741.9k $13.1k $13.1k 0.00% Added +877 +877
50 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,7731.8k $12.4k $12.4k 0.00% Reduced -1.2k -1,240
51 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,6291.6k $11.4k $11.4k 0.00% Unchanged
52 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 1,3711.4k $9.6k $9.6k 0.00% Added +373 +373
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,1941.2k $8.0k $8.0k 0.00% Added +843 +843
54 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 956956 $7.0k $7.0k 0.00% Added +411 +411
55 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 688688 $4.8k $4.8k 0.00% Added +329 +329
56 HOERTKORN RICHARD CHARLES 0.00% of their portfolio KENTFIELD, CA 668668 $4.7k $4.7k 0.00% Unchanged
57 Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio CINCINNATI, OH 500500 $3.5k $3.5k 0.00% New
58 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $698 $698 0.00% Unchanged
59 CWM, LLC 0.00% of their portfolio OMAHA, NE 7878 $1.0k $1.0k 0.00% Reduced -12 -12
60 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 5858 $405 $405 0.00% New
61 Rachor Investment Advisory Services, LLC 0.00% of their portfolio Linden, MI 5151 $356 $356 0.00% First filing
62 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2222 $154 $154 0.00% Reduced -43 -43
63 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 2222 $154 $154 0.00% Unchanged
64 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 11 $7 $7 0.00% New