$THCH

$1.21 +$0.09 (8.04%) Close

$THCH Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 33.2M shares outstanding

Who owns THCH?

By type of holder

Institutions 10.1% Insiders 0.0% Everyone else 89.9%

Concentration Top 10 holders own 10.1%

HSG Holding Ltd 8.7% · Zazove Associates LLC 0.6%

Institutional ownership

10.1%

-0.8 pts vs last qtr

Institutional holders

-1 vs last qtr

Net shares bought

−252.0K

by institutions in Q2 2026

New / sold out

1 / 2

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Two Sigma Securities, LLC NEW +17.2K
Citadel Advisors LLC +4.9K

Biggest sellers in Q2 2026

Zazove Associates LLC −236.6K
Susquehanna International Group, LLP SOLD OUT −24.9K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for TH International Ltd in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2020–FY2025

+52.4%

+8.79% a year

Each share's claim on the business

−34.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $143M

over 6 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years97% 1–3 years2% Under 1 year1%

Quarterly turnover

4.1%

of institutional shares changed hands

Top 10 managers, median time held

3 years

Super Investors

Investment managers reporting THCH on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
HH HSG Holding Ltd	2.9M	8.73%	Unchanged	2023	0.5%
Shares held by quarter Peak holding14.5M (Q3'24) Change over 8 quarters−11.6M Share of the company8.730% HSG Holding Ltd's full portfolio →
ZA Zazove Associates LLC	200.3K	0.60%	−236.6K (−54.2%)	2023	0.0%
Shares held by quarter Peak holding1.4M (Q3'24) Change over 8 quarters−1.2M Share of the company0.600% Zazove Associates LLC's full portfolio →

HSG Holding Ltd

2.9M

% of company

8.73%

Change vs last qtr

Unchanged

Held since

2023

Zazove Associates LLC

200.3K

% of company

0.60%

Change vs last qtr

−236.6K (−54.2%)

Held since

2023

13 more super investors behind a free account

See every manager holding TH International Ltd, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting THCH on Form N-PORT; together they hold 0.4% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IG Invesco Golden Dragon China ETF Invesco Exchange-Traded Fund Trust	$81.2K	124.9K	0.38%	0.07%	July 31, 2024

Invesco Golden Dragon China ETF

Invesco Exchange-Traded Fund Trust

Position value

$81.2K

% of company

0.38%

% of the fund

0.07%

As of

July 31, 2024

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