TLS ranks #3507 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
TLS is a disclosed holding of Cliff Asness (AQR Capital Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.0% of that fund's own 13F portfolio.
TLS is a top-conviction position for Weber Capital Management LLC /adv — at 6.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in TLS belongs to Barclays PLC, but the position matters far more to Weber Capital Management LLC /adv, who has 6.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Cliff Asness has added to its TLS position for two straight quarters, increasing it by $8.6M to reach $10.1M today.
Jane Street Group, LLC has trimmed its TLS position for two straight quarters, cutting it by $4.2M while still holding $455.0K.
TLS is down 0.6% today, but institutions show net buying of $17.6M this quarter — a divergence between today's price move and the underlying institutional flow.