Vault-13

TRISALUS LIFE SCIENCES INC TLSI

COM · Common Stock · CUSIP 89680M101

84 institutional holders +20 vs Q4 2025
21,017,36721.0m shares reported held*
34.3% of all shares outstanding*
$84.1mreported value*
28 new 23 added 14 reduced 10 sold out net bought ≈ $38.2m (+9.5m 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: 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

050100Q3 23: 10Q4 23: 20Q1 24: 26Q2 24: 28Q3 24: 32Q4 24: 29Q1 25: 35Q2 25: 47Q3 25: 56Q4 25: 64Q1 26: 8484Q3 23Q1 24Q3 24Q1 25Q3 25Q1 26
Numbers
QuarterHolders
Q3 202310
Q4 202320
Q1 202426
Q2 202428
Q3 202432
Q4 202429
Q1 202535
Q2 202547
Q3 202556
Q4 202564
Q1 202684

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 12 bought or addedQ2 24: 13 cut or sold outQ3 24: 13 bought or addedQ3 24: 15 cut or sold outQ3 24Q4 24: 9 bought or addedQ4 24: 15 cut or sold outQ1 25: 23 bought or addedQ1 25: 7 cut or sold outQ1 25Q2 25: 37 bought or addedQ2 25: 10 cut or sold outQ3 25: 31 bought or addedQ3 25: 12 cut or sold outQ3 25Q4 25: 36 bought or addedQ4 25: 20 cut or sold outQ1 26: 51 bought or addedQ1 26: 24 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241213
Q3 20241315
Q4 2024915
Q1 2025237
Q2 20253710
Q3 20253112
Q4 20253620
Q1 20265124

Biggest buyers

First Light Asset Management, LLC New +5,066,827+5.1m
WASATCH ADVISORS LP New +1,437,960+1.4m
AWM Investment Company, Inc. Added +835,325+835.3k
Cerity Partners LLC New +787,272+787.3k
THOMPSON SIEGEL & WALMSLEY LLC New +583,574+583.6k
KENNEDY CAPITAL MANAGEMENT LLC New +485,242+485.2k
WHITE PINE CAPITAL LLC Added +305,104+305.1k
PERKINS CAPITAL MANAGEMENT INC New +230,101+230.1k
Empire Financial Management Company, LLC Added +228,248+228.2k
ROYCE & ASSOCIATES LP New +200,060+200.1k

Biggest sellers

Wealthcare Advisory Partners LLC Sold out -643,740-643.7k
Alyeska Investment Group, L.P. Sold out -407,500-407.5k
GILDER GAGNON HOWE & CO LLC Reduced -90,508-90.5k
Squarepoint Ops LLC Sold out -44,371-44.4k
BARCLAYS PLC Reduced -41,958-42.0k
MILLENNIUM MANAGEMENT LLC Sold out -35,679-35.7k
Laird Norton Wetherby Trust Company, LLC Sold out -34,950-35.0k
BlackRock, Inc. Reduced -34,789-34.8k
Connective Capital Management, LLC Sold out -32,796-32.8k
WELLS FARGO & COMPANY/MN Reduced -23,407-23.4k

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.

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 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)

BuyingSelling
505Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 1 buyingQ3 24: 1 sellingQ3 24Q4 24: 1 buyingQ4 24: 2 sellingQ1 25: 3 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 4 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 5 buyingQ1 26: 5 sellingQ1 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
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——
Q1 20265$1.7m5$134.4k—
DateInsiderTradeSharesPrice ValueTheir holding
2026-03-17 Szela Mary T CEO and President, director Sold 15,944 $3.85 $61.4k15.9k shares -2%
2026-03-16 Stevens Jennifer Chief Regulatory Officer Sold 774 $4.12 $3.2k774 shares -1%
2026-03-16 Cox Bryan F. Chief of Research Sold 579 $4.12 $2.4k579 shares -<1%
2026-03-16 Marshak Richard Chief Commercial Officer Sold 419 $4.12 $1.7k419 shares -<1%
2026-03-16 Devlin Jodi Chief of Clinical Operations Sold 273 $4.12 $1.1k273 shares -<1%
2026-03-12 Devlin Jodi Chief of Clinical Operations Sold 1,772 $4.09 $7.2k1.8k shares -2%
2026-03-12 Marshak Richard Chief Commercial Officer Sold 1,589 $4.09 $6.5k1.6k shares -1%
2026-03-12 Stevens Jennifer Chief Regulatory Officer Sold 1,552 $4.09 $6.3k1.6k shares -1%
2026-03-12 Cox Bryan F. Chief of Research Sold 1,467 $4.09 $6.0k1.5k shares -1%
2026-03-11 Szela Mary T CEO and President, director Sold 4,358 $4.13 $18.0k4.4k shares -1%
2026-03-11 Marshak Richard Chief Commercial Officer Sold 1,449 $4.13 $6.0k1.4k shares -1%
2026-03-11 Stevens Jennifer Chief Regulatory Officer Sold 1,204 $4.13 $5.0k1.2k shares -1%
2026-03-11 Devlin Jodi Chief of Clinical Operations Sold 1,162 $4.13 $4.8k1.2k shares -1%
2026-03-11 Cox Bryan F. Chief of Research Sold 1,138 $4.13 $4.7k1.1k shares -1%
2026-02-23 Stansky Michael P Director Bought 243,900 $4.10 $1,000.0k243.9k shares +45%
2026-02-23 Stansky Michael P Director Bought 117,198 $4.10 $480.5k117.2k shares +142%
2026-02-23 Szela Mary T CEO and President, director Bought 30,487 $4.10 $125.0k30.5k shares +4%
2026-02-23 Valle William Director Bought 30,487 $4.10 $125.0k30.5k shares new
2026-02-23 Gordon Gary B. Director Bought 9,756 $4.10 $40.0k9.8k shares new
2026-02-23 Patience David Chief Financial Officer Bought 3,657 $4.10 $15.0k3.7k shares +1%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Light Asset Management, LLC 1.82% of their portfolio Edina, MN 5,066,8275.1m $20.3m $20.3m 1.82% New
2 AWM Investment Company, Inc. 0.92% of their portfolio NEW YORK, NY 2,079,1052.1m $8.3m $8.3m 0.92% Added +835.3k +835,325
3 Nantahala Capital Management, LLC 0.52% of their portfolio NEW CANAAN, CT 2,070,8272.1m $8.3m $8.3m 0.52% Unchanged
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,499,5471.5m $6.0m $6.0m 0.00% Reduced -34.8k -34,789
5 WASATCH ADVISORS LP 0.04% of their portfolio SALT LAKE CITY, UT 1,437,9601.4m $5.8m $5.8m 0.04% New
6 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 1,347,0361.3m $5.4m $5.4m 0.00% First filing
7 GILDER GAGNON HOWE & CO LLC 0.04% of their portfolio New York, NY 888,515888.5k $3.6m $3.6m 0.04% Reduced -90.5k -90,508
8 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 787,272787.3k $3.1m $3.1m 0.00% New
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 777,094777.1k $3.1m $3.1m 0.00% Added +25.9k +25,887
10 THOMPSON SIEGEL & WALMSLEY LLC 0.04% of their portfolio RICHMOND, VA 583,574583.6k $2.3m $2.3m 0.04% New
11 KENNEDY CAPITAL MANAGEMENT LLC 0.04% of their portfolio ST LOUIS, MO 485,242485.2k $1.9m $1.9m 0.04% New
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 393,909393.9k $1.6m $1.6m 0.00% Added +28.7k +28,654
13 WHITE PINE CAPITAL LLC 0.20% of their portfolio BLOOMINGTON, MN 363,655363.7k $1.5m $1.5m 0.20% Added +305.1k +305,104
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 328,020328.0k $1.3m $1.3m 0.00% Added +63.4k +63,392
15 Empire Financial Management Company, LLC 0.27% of their portfolio NEW YORK, NY 300,275300.3k $1.2m $1.2m 0.27% Added +228.2k +228,248
16 PERKINS CAPITAL MANAGEMENT INC 0.86% of their portfolio WAYZATA, MN 230,101230.1k $920.4k $920.4k 0.86% New
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 221,473221.5k $885.9k $885.9k 0.00% Reduced -761 -761
18 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 218,352218.4k $873.4k $873.4k 0.00% First filing
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 201,719201.7k $806.9k $806.9k 0.00% Added +3.7k +3,703
20 ROYCE & ASSOCIATES LP 0.01% of their portfolio New York, NY 200,060200.1k $800.2k $800.2k 0.01% New
21 Apis Capital Advisors, LLC 0.11% of their portfolio New York, NY 180,000180.0k $720.0k $720.0k 0.11% New
22 VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 164,858164.9k $659.4k $659.4k 0.00% First filing
23 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 91,00091.0k $364.0k $364.0k 0.00% New
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 84,13784.1k $336.5k $336.5k 0.00% Reduced -15.9k -15,940
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 79,55279.6k $318.2k $318.2k 0.00% Added +74.4k +74,403
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,04975.0k $300.2k $300.2k 0.00% Added +9.1k +9,081
27 CWA Asset Management Group, LLC 0.01% of their portfolio NAPLES, FL 72,00072.0k $288.0k $288.0k 0.01% Unchanged
28 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 69,50069.5k $278.0k $278.0k 0.01% Unchanged
29 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 68,87068.9k $275.5k $275.5k 0.00% New
30 INTRUST BANK NA 0.02% of their portfolio WICHITA, KS 66,00066.0k $264.0k $264.0k 0.02% New
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 65,80465.8k $263.2k $263.2k 0.00% Added +1.2k +1,200
32 FORMULA GROWTH LTD 0.09% of their portfolio MONTREAL, A8 50,00050.0k $200.0k $200.0k 0.09% New
33 MSD Partners, L.P. 0.19% of their portfolio NEW YORK, NY 39,99940.0k $160.0k $160.0k 0.19% Unchanged
34 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 36,55036.5k $146.2k $146.2k 0.00% Unchanged
35 HighMark Wealth Management LLC 0.05% of their portfolio ST. PAUL, MN 33,30033.3k $133.2k $133.2k 0.05% Added +22.5k +22,500
36 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 30,90030.9k $123.6k $123.6k 0.00% New
37 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 28,67128.7k $114.7k $114.7k 0.00% Added +5.1k +5,125
38 Ghisallo Capital Management LLC 0.00% of their portfolio BOSTON, MA 25,00025.0k $100.0k $100.0k 0.00% New
39 Man Group plc 0.00% of their portfolio LONDON, X0 23,35823.4k $93.4k $93.4k 0.00% Added +8.7k +8,738
40 Connecticut Wealth Management, LLC 0.00% of their portfolio FARMINGTON, CT 22,30322.3k $89.2k $89.2k 0.00% Unchanged
41 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 21,96522.0k $87.9k $87.9k 0.00% New
42 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 21,29421.3k $86.0k $86.0k 0.00% Added +6.5k +6,480
43 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 19,01419.0k $76.1k $76.1k 0.00% New
44 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,55415.6k $62.0k $62.0k 0.00% Unchanged
45 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 15,26815.3k $61.1k $61.1k 0.00% First filing
46 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 15,04215.0k $60.2k $60.2k 0.00% Reduced -386 -386
47 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 14,43514.4k $57.7k $57.7k 0.00% Added +300 +300
48 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 12,99413.0k $52.0k $52.0k 0.00% New
49 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 11,56311.6k $46.3k $46.3k 0.00% Added +1.3k +1,271
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,50711.5k $46.0k $46.0k 0.00% Reduced -23.4k -23,407
51 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 11,40311.4k $45.6k $45.6k 0.00% Added +9.6k +9,630
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11,40211.4k $42.3k $42.3k 0.00% Reduced -748 -748
53 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 11,09511.1k $44.4k $44.4k 0.00% Unchanged
54 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 5,8765.9k $23.5k $23.5k 0.00% Reduced -509 -509
55 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 5,7415.7k $23.0k $23.0k 0.00% Reduced -42.0k -41,958
56 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 5,4005.4k $21.6k $21.6k 0.00% Unchanged
57 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 4,0054.0k $16.0k $16.0k 0.00% Reduced -3 -3
58 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 2,8012.8k $11.2k $11.2k 0.00% Added +72 +72
59 Legal & General Group Plc 0.00% of their portfolio London, X0 2,7332.7k $10.9k $10.9k 0.00% Reduced -137 -137
60 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,0732.1k $8.3k $8.3k 0.00% Added +1.4k +1,385
61 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 1,6461.6k $6.6k $6.6k 0.00% Reduced -228 -228
62 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 1,6291.6k $6.5k $6.5k 0.00% Unchanged
63 FMR LLC 0.00% of their portfolio BOSTON, MA 1,3161.3k $5.3k $5.3k 0.00% Reduced -9.5k -9,459
64 CWM, LLC 0.00% of their portfolio OMAHA, NE 747747 $3.0k $3.0k 0.00% Added +669 +669
65 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 740740 $3.0k $3.0k 0.00% Reduced -631 -631
66 HOERTKORN RICHARD CHARLES 0.00% of their portfolio KENTFIELD, CA 668668 $2.7k $2.7k 0.00% Unchanged
67 JDM Financial Group LLC 0.00% of their portfolio AUSTIN, TX 530530 $2.1k $2.1k 0.00% New
68 Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio CINCINNATI, OH 500500 $2.0k $2.0k 0.00% Unchanged
69 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 386386 $1.5k $1.5k 0.00% Added +328 +328
70 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 346346 $1.4k $1.4k 0.00% New
71 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 100100 $400 $400 0.00% Unchanged
72 Rachor Investment Advisory Services, LLC 0.00% of their portfolio Linden, MI 5151 $204 $204 0.00% Unchanged
73 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 4343 $172 $172 0.00% Added +21 +21
74 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3535 $140 $140 0.00% Added +13 +13
75 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1515 $60 $60 0.00% New
76 Root Financial Partners, LLC 0.00% of their portfolio ENCINITAS, CA 1212 $48 $48 0.00% New
77 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 77 $28 $28 0.00% New
78 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 55 $20 $20 0.00% New
79 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 55 $20 $20 0.00% New
80 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 22 $8 $8 0.00% New
81 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 22 $8 $8 0.00% New
82 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 11 $4 $4 0.00% New
83 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 11 $4 $4 0.00% Unchanged
84 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 11 $4 $4 0.00% New