13FPulse
TH

TH TARGET HOSPITALITY CORP

2026Q2 · CUSIP 87615L107 · Sector: Consumer

Piling in

Net holder growth ranks near the top of the market

Funds that own it
170
Institutions that reported holding it to the SEC
Net increase in holders
+37
Last quarter 133 → now 170
How unusual is that
Top 10%
Stronger buying than 92% of US stocks
What the filings say, in one paragraph

170 funds held TH at the end of 2026Q2, up 37 from the quarter before. That is stronger buying than 92.0% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $347M(YoY +11.9%), return on equity is -10.2%. TH has had 5 buying rushes in its history, and the price moved +8.8% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Consumer sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2019Q2: holders=64 2019Q3: holders=68 2019Q4: holders=64 2020Q1: holders=59 2020Q2: holders=64 2020Q3: holders=55 2020Q4: holders=47 2021Q1: holders=50 2021Q2: holders=66 2021Q3: holders=65 2021Q4: holders=66 2022Q1: holders=73 2022Q2: holders=85 2022Q3: holders=129 2022Q4: holders=136 2023Q1: holders=143 2023Q2: holders=151 2023Q3: holders=140 2023Q4: holders=136 2024Q1: holders=135 2024Q2: holders=124 2024Q3: holders=130 2024Q4: holders=129 2025Q1: holders=130 2025Q2: holders=134 2025Q3: holders=133 2025Q4: holders=137 2026Q1: holders=133 2026Q2: holders=170 -44 -22 +0 +22 +44 42111179 19Q220Q120Q421Q322Q223Q123Q424Q325Q226Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 5 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2022Q3 Top 1% in the market +15.3% +26.9%
2022Q2 Top 20% -4.7% -3.1%
2021Q2 Top 20% +19.7% +40.9%
2019Q2 Top 5% -1.9% -29.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
95
Change in large funds
+27
Total value they hold
$1.0B
Funds buying for the first time
55
Funds that sold out entirely
18
Price change that quarter
+2.2%
Funds holding puts (bearish)
4
Funds holding calls (bullish)
7

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-0.37
EPS YoY
-470.0%
Revenue (TTM)
$0.3B
Revenue YoY
+11.9%
Net margin
-10.8%
ROE
-10.2%
Debt ratio
43.5%
FCF (TTM)
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS 0.07 2021-12-31: EPS 0.03 2022-03-31: EPS 0.01 2022-06-30: EPS 0.24 2022-09-30: EPS 0.20 2022-12-31: EPS 0.29 2023-03-31: EPS 0.38 2023-06-30: EPS 0.44 2023-09-30: EPS 0.43 2023-12-31: EPS 0.31 2024-03-31: EPS 0.20 2024-06-30: EPS 0.18 2024-09-30: EPS 0.20 2024-12-31: EPS 0.12 2025-03-31: EPS -0.07 2025-06-30: EPS -0.15 2025-09-30: EPS -0.01 2025-12-31: EPS -0.14 2026-03-31: EPS -0.13 2026-06-30: EPS -0.09 0M 80M 160M $M -0.16 0.16 0.48 20212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 13 5 45 84 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-22M108M239M 20182019202120222023202420252026
Latest quarter $-12M (2025-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.