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: 61.3m as of 2026-03-02, 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 ≈ $4.00.
Trends to Q1 2026
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 |
| Q1 2026 | 84 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2026 | 51 | 24 |
Biggest buyers
| First Light Asset Management, LLC | New | +5.1m |
| WASATCH ADVISORS LP | New | +1.4m |
| AWM Investment Company, Inc. | Added | +835.3k |
| Cerity Partners LLC | New | +787.3k |
| THOMPSON SIEGEL & WALMSLEY LLC | New | +583.6k |
| KENNEDY CAPITAL MANAGEMENT LLC | New | +485.2k |
| WHITE PINE CAPITAL LLC | Added | +305.1k |
| PERKINS CAPITAL MANAGEMENT INC | New | +230.1k |
| Empire Financial Management Company, LLC | Added | +228.2k |
| ROYCE & ASSOCIATES LP | New | +200.1k |
Biggest sellers
| Wealthcare Advisory Partners LLC | Sold out | -643.7k |
| Alyeska Investment Group, L.P. | Sold out | -407.5k |
| GILDER GAGNON HOWE & CO LLC | Reduced | -90.5k |
| Squarepoint Ops LLC | Sold out | -44.4k |
| BARCLAYS PLC | Reduced | -42.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -35.7k |
| Laird Norton Wetherby Trust Company, LLC | Sold out | -35.0k |
| BlackRock, Inc. | Reduced | -34.8k |
| Connective Capital Management, LLC | Sold out | -32.8k |
| WELLS FARGO & COMPANY/MN | Reduced | -23.4k |
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 Q1 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q1 2026 | 5 | $1.7m | 5 | $134.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-17 | Szela Mary T CEO and President, director | Sold | $61.4k15.9k shares |
| 2026-03-16 | Stevens Jennifer Chief Regulatory Officer | Sold | $3.2k774 shares |
| 2026-03-16 | Cox Bryan F. Chief of Research | Sold | $2.4k579 shares |
| 2026-03-16 | Marshak Richard Chief Commercial Officer | Sold | $1.7k419 shares |
| 2026-03-16 | Devlin Jodi Chief of Clinical Operations | Sold | $1.1k273 shares |
| 2026-03-12 | Devlin Jodi Chief of Clinical Operations | Sold | $7.2k1.8k shares |
| 2026-03-12 | Marshak Richard Chief Commercial Officer | Sold | $6.5k1.6k shares |
| 2026-03-12 | Stevens Jennifer Chief Regulatory Officer | Sold | $6.3k1.6k shares |
| 2026-03-12 | Cox Bryan F. Chief of Research | Sold | $6.0k1.5k shares |
| 2026-03-11 | Szela Mary T CEO and President, director | Sold | $18.0k4.4k shares |
| 2026-03-11 | Marshak Richard Chief Commercial Officer | Sold | $6.0k1.4k shares |
| 2026-03-11 | Stevens Jennifer Chief Regulatory Officer | Sold | $5.0k1.2k shares |
| 2026-03-11 | Devlin Jodi Chief of Clinical Operations | Sold | $4.8k1.2k shares |
| 2026-03-11 | Cox Bryan F. Chief of Research | Sold | $4.7k1.1k shares |
| 2026-02-23 | Stansky Michael P Director | Bought | $1,000.0k243.9k shares |
| 2026-02-23 | Stansky Michael P Director | Bought | $480.5k117.2k shares |
| 2026-02-23 | Szela Mary T CEO and President, director | Bought | $125.0k30.5k shares |
| 2026-02-23 | Valle William Director | Bought | $125.0k30.5k shares |
| 2026-02-23 | Gordon Gary B. Director | Bought | $40.0k9.8k shares |
| 2026-02-23 | Patience David Chief Financial Officer | Bought | $15.0k3.7k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| First Light Asset Management, LLC 1.82% of their portfolio | 5.1m $20.3m | New |
| AWM Investment Company, Inc. 0.92% of their portfolio | 2.1m $8.3m | Added +835.3k |
| Nantahala Capital Management, LLC 0.52% of their portfolio | 2.1m $8.3m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $6.0m | Reduced -34.8k |
| WASATCH ADVISORS LP 0.04% of their portfolio | 1.4m $5.8m | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.3m $5.4m | First filing |
| GILDER GAGNON HOWE & CO LLC 0.04% of their portfolio | 888.5k $3.6m | Reduced -90.5k |
| Cerity Partners LLC 0.00% of their portfolio | 787.3k $3.1m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 777.1k $3.1m | Added +25.9k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.04% of their portfolio | 583.6k $2.3m | New |
| KENNEDY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 485.2k $1.9m | New |
| MORGAN STANLEY 0.00% of their portfolio | 393.9k $1.6m | Added +28.7k |
| WHITE PINE CAPITAL LLC 0.20% of their portfolio | 363.7k $1.5m | Added +305.1k |
| STATE STREET CORP 0.00% of their portfolio | 328.0k $1.3m | Added +63.4k |
| Empire Financial Management Company, LLC 0.27% of their portfolio | 300.3k $1.2m | Added +228.2k |
| PERKINS CAPITAL MANAGEMENT INC 0.86% of their portfolio | 230.1k $920.4k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 221.5k $885.9k | Reduced -761 |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 218.4k $873.4k | First filing |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 201.7k $806.9k | Added +3.7k |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 200.1k $800.2k | New |
| Apis Capital Advisors, LLC 0.11% of their portfolio | 180.0k $720.0k | New |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 164.9k $659.4k | First filing |
| Corient Private Wealth LP 0.00% of their portfolio | 91.0k $364.0k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 84.1k $336.5k | Reduced -15.9k |
| UBS Group AG 0.00% of their portfolio | 79.6k $318.2k | Added +74.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 75.0k $300.2k | Added +9.1k |
| CWA Asset Management Group, LLC 0.01% of their portfolio | 72.0k $288.0k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 69.5k $278.0k | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 68.9k $275.5k | New |
| INTRUST BANK NA 0.02% of their portfolio | 66.0k $264.0k | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 65.8k $263.2k | Added +1.2k |
| FORMULA GROWTH LTD 0.09% of their portfolio | 50.0k $200.0k | New |
| MSD Partners, L.P. 0.19% of their portfolio | 40.0k $160.0k | Unchanged |
| Nuveen, LLC 0.00% of their portfolio | 36.5k $146.2k | Unchanged |
| HighMark Wealth Management LLC 0.05% of their portfolio | 33.3k $133.2k | Added +22.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 30.9k $123.6k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 28.7k $114.7k | Added +5.1k |
| Ghisallo Capital Management LLC 0.00% of their portfolio | 25.0k $100.0k | New |
| Man Group plc 0.00% of their portfolio | 23.4k $93.4k | Added +8.7k |
| Connecticut Wealth Management, LLC 0.00% of their portfolio | 22.3k $89.2k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 22.0k $87.9k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 21.3k $86.0k | Added +6.5k |
| XTX Topco Ltd 0.00% of their portfolio | 19.0k $76.1k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 15.6k $62.0k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 15.3k $61.1k | First filing |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 15.0k $60.2k | Reduced -386 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 14.4k $57.7k | Added +300 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 13.0k $52.0k | New |
| Invesco Ltd. 0.00% of their portfolio | 11.6k $46.3k | Added +1.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 11.5k $46.0k | Reduced -23.4k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 11.4k $45.6k | Added +9.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 11.4k $42.3k | Reduced -748 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 11.1k $44.4k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 5.9k $23.5k | Reduced -509 |
| BARCLAYS PLC 0.00% of their portfolio | 5.7k $23.0k | Reduced -42.0k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 5.4k $21.6k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 4.0k $16.0k | Reduced -3 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 2.8k $11.2k | Added +72 |
| Legal & General Group Plc 0.00% of their portfolio | 2.7k $10.9k | Reduced -137 |
| CITIGROUP INC 0.00% of their portfolio | 2.1k $8.3k | Added +1.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 1.6k $6.6k | Reduced -228 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.6k $6.5k | Unchanged |
| FMR LLC 0.00% of their portfolio | 1.3k $5.3k | Reduced -9.5k |
| CWM, LLC 0.00% of their portfolio | 747 $3.0k | Added +669 |
| Sterling Capital Management LLC 0.00% of their portfolio | 740 $3.0k | Reduced -631 |
| HOERTKORN RICHARD CHARLES 0.00% of their portfolio | 668 $2.7k | Unchanged |
| JDM Financial Group LLC 0.00% of their portfolio | 530 $2.1k | New |
| Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio | 500 $2.0k | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 386 $1.5k | Added +328 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 346 $1.4k | New |
| SIGNATUREFD, LLC 0.00% of their portfolio | 100 $400 | Unchanged |
| Rachor Investment Advisory Services, LLC 0.00% of their portfolio | 51 $204 | Unchanged |
| Essential Partners LLC 0.00% of their portfolio | 43 $172 | Added +21 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 35 $140 | Added +13 |
| MAI Capital Management 0.00% of their portfolio | 15 $60 | New |
| Root Financial Partners, LLC 0.00% of their portfolio | 12 $48 | New |
| Advisory Services Network, LLC 0.00% of their portfolio | 7 $28 | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 5 $20 | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 5 $20 | New |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 2 $8 | New |
| Sunbelt Securities, Inc. 0.00% of their portfolio | 2 $8 | New |
| Allworth Financial LP 0.00% of their portfolio | 1 $4 | New |
| True Wealth Design, LLC 0.00% of their portfolio | 1 $4 | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 1 $4 | New |