L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
31
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 6 listed it in both
Shares listed
6,021,287
combined, among listed positions
Reported value
$356m
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -150,574.

Managers listing TNET in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

31 of 31 holders

ActionFiling
MFS Investment Management1,689,883$100munder 0.1%Trimmed-663,12122 Jan 2026 (the filing on sec.gov)
Wellington Management Group LLP1,030,967$61munder 0.1%Trimmed-92,03117 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP864,942$51m0.06%Added+391,64717 Feb 2026 (the filing on sec.gov)
Millennium Management LLC468,030$28munder 0.1%Added+427,24217 Feb 2026 (the filing on sec.gov)
Man Group PLC428,554$25munder 0.1%Trimmed-40,34317 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.303,216$18munder 0.1%Trimmed-103,24717 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC233,528$14munder 0.1%Trimmed-1,98617 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP119,276$7.1munder 0.1%Added+35,14713 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP118,609$7.0m0.10%Added+91,90417 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC108,056$6.4munder 0.1%Newnew12 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC104,792$6.2munder 0.1%Added+35,61317 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC81,800$4.8munder 0.1%Trimmed-70,00012 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP78,326$4.6munder 0.1%Trimmed-1,43717 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC66,985$4.0munder 0.1%Added+29,08517 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP37,524$2.2munder 0.1%Added+3,93817 Feb 2026 (the filing on sec.gov)
Invesco Ltd36,364$2.1munder 0.1%Trimmed-98519 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd32,080$1.9munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP31,489$1.9munder 0.1%Trimmed-26117 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc29,586$1.8munder 0.1%Trimmed-209,32417 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP27,738$1.6munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP21,556$1.3munder 0.1%Added+6,85417 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC19,847$1.2munder 0.1%Added+5,02913 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC18,824$1.1munder 0.1%Added+15,79417 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC17,048$1.0munder 0.1%Trimmed-69,42910 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP16,704$988kunder 0.1%Trimmed-9,31710 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
8 in Q3 2024 to 2 in Q2 2026

Tracked managers listing it, at least.

051015201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TNET by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20142$2.4mn.a.n.a.
Q3 20143$12mn.a.n.a.
Q4 20141$187mn.a.n.a.
Q1 20154$449mn.a.n.a.
Q2 20156$185mn.a.n.a.
Q3 20151$129mn.a.n.a.
Q4 20151$123mn.a.n.a.
Q1 20161$1.1mn.a.n.a.
Q2 20162$96mn.a.n.a.
Q3 20162$103mn.a.n.a.
Q4 20164$120mn.a.n.a.
Q1 20174$167mn.a.n.a.
Q2 20175$195mn.a.n.a.
Q3 20178$199mn.a.n.a.
Q4 20176$278mn.a.n.a.
Q1 20187$322mn.a.n.a.
Q2 20188$440mn.a.n.a.
Q3 20187$452mn.a.n.a.
Q4 20185$381mn.a.n.a.
Q1 20199$500mn.a.n.a.
Q2 20195$584mn.a.n.a.
Q3 20198$554mn.a.n.a.
Q4 20195$438mn.a.n.a.
Q1 20203$297mn.a.n.a.
Q2 20206$560mn.a.n.a.
Q3 20206$413mn.a.n.a.
Q4 20206$618mn.a.n.a.
Q1 20215$576mn.a.n.a.
Q2 20215$512mn.a.n.a.
Q3 20217$571mn.a.n.a.
Q4 202110$588mn.a.n.a.
Q1 202210$667mn.a.n.a.
Q2 20228$483mn.a.n.a.
Q3 202212$454mn.a.n.a.
Q4 20227$379mn.a.n.a.
Q1 20235$486mn.a.n.a.
Q2 20234$497mn.a.n.a.
Q3 20235$528mn.a.n.a.
Q4 20236$536m42
Q1 20249$551m54
Q2 20247$307m52
Q3 20248$506m53
Q4 20245$597m32
Q1 20256$384m61
Q2 20254$309m13
Q3 20257$248m70
Q4 20257$207m1418
Q1 20263$20m1913
Q2 20262$18m1416

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

TNET and V →TNET and MA →TNET and MCO →Choose a stock to compare with TNET →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own TNET, latest filings →Back to the 13F Explorer →