Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Thornburg Incm Builder Opp T (TBLD)

54 + Investors. Track Smart Money conviction in TBLD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +3
Streak
4Q ▲
Buyers last Q
58%

Smart Money Signals — TBLD

Based on 55 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added TBLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
55 hedge funds hold TBLD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +38% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+38% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

30 buying22 selling
Last quarter: 30 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~8 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 8 → 5 → 11 → 8. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 22% medium ■ 31% new
26 out of 55 hedge funds have held TBLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~8 new funds/quarter

4 → 8 → 5 → 11 → 8 new funds/Q
New funds entering each quarter: 8 → 5 → 11 → 8. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 44% veterans vs 40% newcomers

■ 44% veterans ■ 16% 1-2yr ■ 40% new
Entry-cohort mix of 55 holders: 24 (44%) are 2+ year veterans, 9 entered 1–2 years ago, and 22 (40%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
7 of 55 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in TBLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TBLD

In 2026 Q1, 30 hedge funds were net buyers of TBLD (8 opened a new position, 22 added to an existing one), while 22 reduced or exited (17 trimmed, 5 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 44% of total institutional value in TBLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +3 funds (more new holders than closures). Total institutional holders: 55.

Hedge Fund Ownership: TBLD

How many hedge funds hold TBLD — quarterly history vs. share price
Quarterly hedge fund ownership of TBLD vs. share price

Market Analysis: TBLD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TBLD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Thornburg Incm Builder Opp T (TBLD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TBLD has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
TBLD
+3.1%
XLF
+8.0%

TBLD outperformed XLF by -4.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
TBLD
-0.3%
XLF
+4.4%

Since the filing became public, TBLD outperformed XLF by -4.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 1 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: TBLD
54 + Investors

Track Smart Money conviction in TBLD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 54 52 3.85%
13F Shares 9M 9M -0.14%
Total Value $187M $182M 2.58%
New Positions 8 11 -3
Increased Positions 21 26 -5
Closed Positions 6 5 +1
Reduced Positions 17 10 +7
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TBLD

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

54 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TBLD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TBLD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DKM Wealth Management, Inc. 14.70% 964,573 $20.4M
2 Alessandra Capital Management, LLC 1.50% 83,734 $1.7M
3 Kera Capital Partners, Inc. 1.18% 453,342 $9.6M
4 PMG Family Office LLC 1.13% 47,680 $1.0M
5 Closed-End Fund Advisors, Inc. 0.77% 35,863 $758K
6 Advisory Advocates, LLC 0.52% 26,200 $527K
7 Thomas J. Herzfeld Advisors, Inc. 0.50% 69,502 $1.5M
8 Kw Wealth Management LLC 0.43% 14,058 $283K
9 Hicks Capital Management LLC 0.27% 12,856 $272K
10 Advisors Asset Management, Inc. 0.21% 592,552 $12.5M
11 Financial Management Network Inc 0.15% 44,171 $966K
12 Evolve Private Wealth, LLC 0.09% 83,850 $1.8M
13 Shaker Financial Services, LLC 0.09% 11,623 $246K
14 Hennion & Walsh Asset Management, Inc. 0.07% 102,350 $2.2M
15 LaSalle St. Investment Advisors, LLC 0.04% 11,890 $251K
16 Blue Bell Private Wealth Management, LLC 0.03% 9,204 $195K
17 Dakota Wealth Management 0.02% 47,226 $999K
18 Concurrent Investment Advisors, LLC 0.02% 92,046 $1.9M
19 Stifel Financial Corp 0.02% 773,380 $16.4M
20 Sanctuary Advisors, LLC 0.01% 128,476 $2.7M
21 Private Advisor Group, LLC 0.01% 115,774 $2.4M
22 Prosperity Consulting Group, LLC 0.01% 10,000 $211K
23 Clark Wealth Partners 0.01% 660 $14K
24 D.A. Davidson & CO. 0.01% 69,175 $1.5M
25 Oppenheimer & Co Inc 0.01% 28,165 $596K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Thornburg Incm Builder Opp T (TBLD)

What does the Smart Money Trend signal show for TBLD?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added TBLD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TBLD?

Slight buying edge — 58% buying: Last quarter: 30 funds bought or added vs 22 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TBLD holders?

Elite ownership — 44% AUM from top-100 funds: 7 of 55 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in TBLD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TBLD?

47% of holders stayed for 2+ years: 26 out of 55 hedge funds have held TBLD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Thornburg Incm Builder Opp T (TBLD) following the 2026 Q1 hedge fund 13F filings?

As of today, TBLD has moved -0.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.4% for the XLF sector ETF — an outperformance of -4.7%. Since the quarter end (March 31, 2026), TBLD has gained +3.1% vs +8.0% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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