TRUPANION INC TRUP
COM · Common Stock · CUSIP 898202106 · ISIN US8982021060
American pet insurance provider
- SectorHealth care
- IndustryHospital & Medical Service Plans
- HeadquartersSeattle, WA
- Founded1999
- Websitetrupanion.com
- 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 ($233.6k this quarter). Holder counts are more reliable. Shares outstanding: 43.9m as of 2026-07-29, 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 ≈ $24.78. Options: 4 managers hold calls ($3.5m notional), 4 hold puts ($1.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 218 |
| Q4 2022 | 217 |
| Q1 2023 | 216 |
| Q2 2023 | 193 |
| Q3 2023 | 193 |
| Q4 2023 | 215 |
| Q1 2024 | 202 |
| Q2 2024 | 189 |
| Q3 2024 | 212 |
| Q4 2024 | 237 |
| Q1 2025 | 217 |
| Q2 2025 | 233 |
| Q3 2025 | 221 |
| Q4 2025 | 214 |
| Q1 2026 | 204 |
| Q2 2026 | 200 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 88 | 97 |
| Q4 2024 | 124 | 91 |
| Q1 2025 | 97 | 118 |
| Q2 2025 | 123 | 92 |
| Q3 2025 | 99 | 117 |
| Q4 2025 | 82 | 117 |
| Q1 2026 | 91 | 109 |
| Q2 2026 | 100 | 93 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $27.6m | $14.4m | 0.52 |
| Q4 2025 | $8.0m | $8.3m | 1.04 |
| Q1 2026 | $138.3k | $1.2m | 8.69 |
| Q2 2026 | $3.5m | $1.1m | 0.31 |
Biggest buyers
| MORGAN STANLEY | Added | +203.3k |
| JPMORGAN CHASE & CO | Added | +181.0k |
| GOLDMAN SACHS GROUP INC | Added | +133.4k |
| Polar Capital Holdings Plc | Added | +125.0k |
| Kopion Asset Management, LLC | Added | +123.3k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | New | +103.5k |
| Quantinno Capital Management LP | Added | +76.5k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | New | +67.8k |
| Voleon Capital Management LP | New | +66.7k |
| Balyasny Asset Management L.P. | Added | +62.5k |
Biggest sellers
| DIMENSIONAL FUND ADVISORS LP | Reduced | -321.5k |
| FMR LLC | Reduced | -314.0k |
| Engineers Gate Manager LP | Sold out | -167.8k |
| MARSHALL WACE, LLP | Reduced | -132.8k |
| JANE STREET GROUP, LLC | Sold out | -108.5k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -105.9k |
| Trexquant Investment LP | Reduced | -104.5k |
| CONNORS INVESTOR SERVICES INC | Sold out | -71.7k |
| Blueshift Asset Management, LLC | Sold out | -47.6k |
| Clearbridge Investments, LLC | Reduced | -45.6k |
Biggest calls
| CITADEL ADVISORS LLC | New | $1.5m59.1k shares |
| JANE STREET GROUP, LLC | New | $1.4m55.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $517.7k20.9k shares |
| SIMPLEX TRADING, LLC | Added | $123.8k5.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $715.9k28.9k shares |
| CITADEL ADVISORS LLC | New | $252.7k10.2k shares |
| GROUP ONE TRADING LLC | Added | $89.2k3.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $29.7k1.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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 |
|---|---|
| Felix Holdings B.V. 13G · passive investor new · filed 2026-02-24 | 9.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27), Tarmac DLTFM Ltd (0.0%, 2026-02-25)
Insider purchases and sales since 1 Apr 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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 6 | $1.9m | $556.5k |
| Q1 2025 | 0 | — | 6 | $999.1k | $230.3k |
| Q2 2025 | 0 | — | 4 | $897.1k | $171.1k |
| Q3 2025 | 0 | — | 3 | $2.8m | $542.8k |
| Q4 2025 | 0 | — | 3 | $1.6m | $1.6m |
| Q1 2026 | 0 | — | 4 | $580.3k | $13.6k |
| Q2 2026 | 0 | — | 4 | $395.5k | $10.9k |
| Q3 2026 | 0 | — | 3 | $380.2k | $181.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | GALLAGHER JOHN R Chief Operating Officer | Sold plan | $9.9k431 shares |
| 2026-09-11 | Tooth Margaret CEO, director | Sold plan | $25.0k1.0k shares |
| 2026-08-28 | GALLAGHER JOHN R Chief Operating Officer | Sold plan | $107.0k3.6k shares |
| 2026-08-26 | Qureshi Fawwad Chief Financial Officer | Sold | $183.4k6.1k shares |
| 2026-08-25 | Tooth Margaret CEO, director | Sold | $15.6k491 shares |
| 2026-08-11 | Tooth Margaret CEO, director | Sold plan | $28.4k978 shares |
| 2026-07-28 | GALLAGHER JOHN R Chief Operating Officer | Sold plan | $10.8k431 shares |
| 2026-06-29 | GALLAGHER JOHN R Chief Operating Officer | Sold plan | $10.9k431 shares |
| 2026-06-05 | WEINRAUCH STEVE EVP, North Am & Vet Strategy | Sold | $146.8k6.7k shares |
| 2026-05-28 | GALLAGHER JOHN R Chief Operating Officer | Sold | $78.1k3.6k shares |
| 2026-05-27 | Qureshi Fawwad Chief Financial Officer | Sold | $137.0k6.2k shares |
| 2026-05-25 | Tooth Margaret CEO, director | Sold | $10.7k491 shares |
| 2026-04-28 | GALLAGHER JOHN R Chief Operating Officer | Sold | $11.8k431 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 5.4m $134.8m | Reduced -2.1k |
| Capital World Investors 0.01% of their portfolio | 3.8m $95.1m | Added +58.6k |
| Aflac Inc 97.24% of their portfolio | 3.6m $90.1m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.8m $44.6m | Added +38.9k |
| Polar Capital Holdings Plc 0.12% of their portfolio | 1.8m $43.3m | Added +125.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $36.8m | Added +33.2k |
| STATE STREET CORP 0.00% of their portfolio | 1.4m $33.8m | Added +48.2k |
| FMR LLC 0.00% of their portfolio | 1.0m $25.8m | Reduced -314.0k |
| MORGAN STANLEY 0.00% of their portfolio | 901.2k $22.3m | Added +203.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 875.8k $21.7m | Reduced -2.2k |
| GREENLEA LANE CAPITAL MANAGEMENT, LLC 5.28% of their portfolio | 776.5k $19.2m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 575.8k $14.3m | Reduced -15.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 561.3k $13.9m | Reduced -132.8k |
| Kopion Asset Management, LLC 8.19% of their portfolio | 523.0k $13.0m | Added +123.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 491.9k $12.2m | Added +133.4k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 406.2k $10.1m | Added +59.9k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 395.9k $9.8m | Reduced -45.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 380.6k $9.4m | Reduced -321.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 372.4k $9.2m | Added +15.8k |
| TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio | 356.7k $8.8m | Added +41.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 327.0k $8.1m | Added +8.9k |
| Hosking Partners LLP 0.25% of their portfolio | 299.1k $7.4m | Reduced -3.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 285.7k $7.3m | Added +181.0k |
| RENAISSANCERE HOLDINGS LTD 1.55% of their portfolio | 263.0k $6.5m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 242.7k $6.0m | Added +3.3k |
| BARCLAYS PLC 0.00% of their portfolio | 227.0k $5.6m | Added +6.9k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 224.0k $5.5m | Added +54.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 186.9k $4.6m | Reduced -1.8k |
| CITIGROUP INC 0.00% of their portfolio | 185.4k $4.6m | Added +21.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 166.2k $4.1m | Added +426 |
| Nuveen, LLC 0.00% of their portfolio | 161.9k $4.0m | Added +54.6k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 159.3k $3.9m | Reduced -4.5k |
| HRT FINANCIAL LP 0.01% of their portfolio | 158.7k $3.9m | Added +49.7k |
| Invesco Ltd. 0.00% of their portfolio | 153.9k $3.8m | Added +16.0k |
| Trexquant Investment LP 0.02% of their portfolio | 118.6k $2.9m | Reduced -104.5k |
| UBS Group AG 0.00% of their portfolio | 117.2k $2.9m | Reduced -7.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 115.8k $2.9m | Added +43.6k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.17% of their portfolio | 103.5k $2.6m | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 101.2k $2.5m | Added +76.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 97.5k $2.4m | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 95.8k $2.4m | Added +62.5k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 93.1k $2.4m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 92.2k $2.3m | Reduced -2.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 80.9k $2.0m | Reduced -16.7k |
| CHECK CAPITAL MANAGEMENT INC/CA 0.04% of their portfolio | 80.2k $2.0m | Added +39.5k |
| Lagoda Investment Management, L.P. 1.08% of their portfolio | 79.0k $2.0m | Reduced -19.5k |
| Legal & General Group Plc 0.00% of their portfolio | 78.2k $1.9m | Added +1.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 74.3k $1.8m | Added +952 |
| Numerai GP LLC 0.14% of their portfolio | 71.6k $1.8m | Added +19.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 71.4k $1.8m | Added +482 |
| Swiss National Bank 0.00% of their portfolio | 69.7k $1.7m | Added +6.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 68.1k $1.7m | Added +39.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 67.8k $1.7m | New |
| Voleon Capital Management LP 0.03% of their portfolio | 66.7k $1.7m | New |
| ProShare Advisors LLC 0.00% of their portfolio | 66.2k $1.6m | Reduced -13.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 63.7k $1.6m | Added +14.7k |
| INGALLS & SNYDER LLC 0.04% of their portfolio | 62.5k $1.5m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 61.1k $1.5m | Added +15.0k |
| Liontrust Investment Partners LLP 0.02% of their portfolio | 60.6k $1.5m | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.09% of their portfolio | 56.3k $1.4m | Added +26.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 56.0k $1.4m | Reduced -3.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 54.6k $1.4m | Added +21.5k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 53.3k $1.3m | Added +44.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 52.7k $1.3m | Reduced -6.7k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 51.2k $1.3m | Added +30.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 50.5k $1.3m | Reduced -23.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 49.6k $1.3m | Reduced -1.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 48.8k $1.2m | Added +9.3k |
| WINTON GROUP Ltd 0.04% of their portfolio | 47.7k $1.2m | Added +9.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 47.4k $1.2m | Added +8.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 47.1k $1.2m | Reduced -1.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 45.0k $1.1m | Reduced -105.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 44.6k $1.1m | Reduced -34.1k |
| PDT Partners, LLC 0.05% of their portfolio | 42.1k $1.0m | Unchanged |
| ALLSTATE CORP 0.01% of their portfolio | 38.0k $940.2k | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 37.6k $930.6k | Added +8.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 35.5k $878.7k | Reduced -50 |
| Dynamic Technology Lab Private Ltd 0.19% of their portfolio | 34.8k $863.0k | Reduced -21.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 34.6k $856.0k | Added +1.1k |
| SG Americas Securities, LLC 0.00% of their portfolio | 32.7k $809.0k | Added +24.5k |
| Inspire Investing, LLC 0.03% of their portfolio | 27.7k $686.4k | Added +7.7k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 27.6k $682.0k | Reduced -2.1k |
| FOX RUN MANAGEMENT, L.L.C. 0.11% of their portfolio | 26.6k $659.6k | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 25.5k $631.5k | New |
| Saranac Partners Ltd 0.19% of their portfolio | 24.4k $604.9k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 24.4k $604.2k | Reduced -2.1k |
| OP Asset Management Ltd 0.01% of their portfolio | 23.8k $590.5k | Added +10.1k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 22.3k $553.0k | Reduced -254 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 20.7k $512.7k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 20.3k $502.2k | Added +8.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 19.3k $479.0k | Added +1.1k |
| Corecam Pte. Ltd. 0.17% of their portfolio | 18.5k $457.4k | New |
| State of Wyoming 0.05% of their portfolio | 18.3k $452.2k | Added +532 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 17.7k $439.4k | Reduced -42.3k |
| OPTIMIZE FINANCIAL INC. 0.15% of their portfolio | 17.3k $428.5k | Reduced -60 |
| Sound Capital Solutions LLC 0.10% of their portfolio | 17.3k $428.5k | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 17.1k $422.4k | Reduced -1.7k |
| Illinois Municipal Retirement Fund 0.00% of their portfolio | 16.8k $416.2k | Reduced -1.0k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 16.2k $402.0k | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 16.0k $395.3k | Reduced -635 |