TH International Ltd (THCH) Institutional Ownership

Ownership Summary

According to SEC filings for the period ending September 2025, TH International Ltd (NASDAQ:THCH) is held by 15 institutional firms.

• These investors collectively held 10.4% of the company's total shares outstanding in September 2025, down from 11.1% in June 2025.
• Quarterly data indicates a -6.45% shift in institutional share volume, and the annual owner count reflects a decrease of 34.78%.
• A review of institutional activity for TH International shows 4 of 15 filers increasing their positions, while 1 reduced their stake, and 10 remained unchanged.
• This class of investors decreased its holdings in TH International to 3.39Mn shares for the 13F-cycle ending September 2025, down by 233.63K shares quarter on quarter, and down 13.68Mn shares year over year.
• The top institutional stake in TH International as of September 30, 2025 belongs to HSG Holding Ltd, which owns 2.90Mn shares, or 8.93% of the company.
• Among the most significant buyers of TH International during September 2025 were SUSQUEHANNA INTERNATIONAL GROUP, LLP (18.73K), CITADEL ADVISORS LLC (10.55K), UBS Group AG (8.15K), GROUP ONE TRADING LLC (100).
• Leading sellers of TH International stock in September 2025 included ZAZOVE ASSOCIATES LLC (271.16K).
• The top 10 institutional holders of TH International for the quarter ending September 2025 included HSG Holding Ltd (2.90Mn), ZAZOVE ASSOCIATES LLC (237.69K), SONA ASSET MANAGEMENT (US) LLC (100.00K), LMR Partners LLP (30.18K), SUSQUEHANNA INTERNATIONAL GROUP, LLP (29.74K), CITADEL ADVISORS LLC (27.03K), UBS Group AG (21.86K), GEODE CAPITAL MANAGEMENT, LLC (18.72K), Shaolin Capital Management LLC (12.60K), ROYAL BANK OF CANADA (6.00K).