Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Thornburg Incm Builder Opp T (TBLD)

56 + 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
↑ +1
Streak
5Q ▲
Buyers last Q
61%

Smart Money Signals — TBLD

Based on 56 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 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
56 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 — +27% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+27% 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.
🟢

More buyers than sellers — 61% buying

31 buying20 selling
Last quarter: 31 funds were net buyers (5 opened a brand new position + 26 added to an existing one). Only 20 were sellers (16 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~5 new funds per quarter

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

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 29% medium ■ 27% new
25 out of 56 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.
📊

Peak discovery — momentum slowing

9 → 5 → 11 → 8 → 5 new funds/Q
New funds entering each quarter: 5 → 11 → 8 → 5. TBLD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 50% veterans vs 36% newcomers

■ 50% veterans ■ 14% 1-2yr ■ 36% new
Entry-cohort mix of 56 holders: 28 (50%) are 2+ year veterans, 8 entered 1–2 years ago, and 20 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
8 of 56 holders are among the 100 largest funds by AUM, controlling 49% 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.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — 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 Q2, 31 hedge funds were net buyers of TBLD (5 opened a new position, 26 added to an existing one), while 20 reduced or exited (16 trimmed, 4 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 49% of total institutional value in TBLD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 56.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 1 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: TBLD
56 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 56 55 1.82%
13F Shares 10M 9M 10.5%
Total Value $216M $187M 15.68%
New Positions 5 8 -3
Increased Positions 26 22 +4
Closed Positions 4 6 -2
Reduced Positions 16 17 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TBLD

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Institutional Holders (2026 Q2)

56 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DKM Wealth Management, Inc. 13.82% 957,773 $21.1M
2 Atlas Wealth LLC 2.24% 710,893 $15.7M
3 Alessandra Capital Management, LLC 1.23% 79,006 $1.7M
4 Kera Capital Partners, Inc. 1.02% 481,195 $10.6M
5 PMG Family Office LLC 0.98% 48,095 $1.1M
6 Closed-End Fund Advisors, Inc. 0.74% 34,337 $758K
7 Advisory Advocates, LLC 0.65% 34,470 $761K
8 Thomas J. Herzfeld Advisors, Inc. 0.55% 80,479 $1.8M
9 Hicks Capital Management LLC 0.23% 12,856 $284K
10 Advisors Asset Management, Inc. 0.19% 567,963 $12.5M
11 Financial Management Network Inc 0.15% 48,377 $1.1M
12 Evolve Private Wealth, LLC 0.11% 77,958 $1.7M
13 Hennion & Walsh Asset Management, Inc. 0.07% 104,913 $2.3M
14 LaSalle St. Investment Advisors, LLC 0.03% 12,205 $269K
15 Allegheny Financial Group 0.03% 12,546 $277K
16 Dakota Wealth Management 0.02% 46,981 $1.0M
17 Blue Bell Private Wealth Management, LLC 0.02% 6,748 $149K
18 Stifel Financial Corp 0.02% 837,046 $18.5M
19 Sanctuary Advisors, LLC 0.01% 139,471 $3.1M
20 Concurrent Investment Advisors, LLC 0.01% 71,540 $1.6M
21 Private Advisor Group, LLC 0.01% 121,022 $2.7M
22 D.A. Davidson & CO. 0.01% 69,238 $1.5M
23 Prosperity Consulting Group, LLC 0.01% 10,000 $221K
24 Clark Wealth Partners 0.01% 660 $15K
25 SOA Wealth Advisors, LLC. 0.01% 1,729 $38K
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 — 5 quarters in a row: For 5 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?

More buyers than sellers — 61% buying: Last quarter: 31 funds were net buyers (5 opened a brand new position + 26 added to an existing one). Only 20 were sellers (16 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for TBLD holders?

Elite ownership — 49% AUM from top-100 funds: 8 of 56 holders are among the 100 largest funds by AUM, controlling 49% 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?

45% of holders stayed for 2+ years: 25 out of 56 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.

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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