13FPulse
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TN

TNET TRINET GROUP INC

2026Q2 · CUSIP 896288107 · Sector: Other

Piling in

Net holder growth ranks near the top of the market

Funds that own it
271
Institutions that reported holding it to the SEC
Net increase in holders
+26
Last quarter 245 → now 271
How unusual is that
Top 20%
Stronger buying than 87% of US stocks
What the filings say, in one paragraph

271 funds held TNET at the end of 2026Q2, up 26 from the quarter before. That is stronger buying than 87.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $4.9B(YoY -3.4%), the P/E is 17.8x, return on equity is 140.0%. TNET has had 16 buying rushes in its history, and the price moved +6.7% 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 Other sector.

How many funds owned it, quarter by quarter

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

2014Q2: holders=79 2014Q3: holders=111 2014Q4: holders=129 2015Q1: holders=132 2015Q2: holders=140 2015Q3: holders=102 2015Q4: holders=116 2016Q1: holders=131 2016Q2: holders=127 2016Q3: holders=116 2016Q4: holders=133 2017Q1: holders=125 2017Q2: holders=142 2017Q3: holders=159 2017Q4: holders=184 2018Q1: holders=198 2018Q2: holders=185 2018Q3: holders=183 2018Q4: holders=163 2019Q1: holders=201 2019Q2: holders=194 2019Q3: holders=195 2019Q4: holders=183 2020Q1: holders=180 2020Q2: holders=177 2020Q3: holders=204 2020Q4: holders=208 2021Q1: holders=207 2021Q2: holders=180 2021Q3: holders=193 2021Q4: holders=235 2022Q1: holders=234 2022Q2: holders=231 2022Q3: holders=248 2022Q4: holders=234 2023Q1: holders=225 2023Q2: holders=245 2023Q3: holders=249 2023Q4: holders=284 2024Q1: holders=284 2024Q2: holders=269 2024Q3: holders=265 2024Q4: holders=245 2025Q1: holders=247 2025Q2: holders=255 2025Q3: holders=262 2025Q4: holders=261 2026Q1: holders=245 2026Q2: holders=271 -63 -31.5 +0 +31.5 +63 71185299 14Q215Q417Q218Q420Q221Q423Q224Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 16 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20% — —
2023Q4 Top 20% +0.7% -18.1%
2023Q2 Top 20% +10.5% +7.0%
2022Q3 Top 10% +0.4% +31.8%
2021Q4 Top 20% +22.2% -5.5%
2021Q3 Top 20% -9.9% -18.0%
2020Q3 Top 10% +11.1% +11.1%
2019Q1 Top 10% +12.6% +12.1%

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
145
Change in large funds
+16
Total value they hold
$2.2B
Funds buying for the first time
63
Funds that sold out entirely
37
Price change that quarter
+57.1%
Funds holding puts (bearish)
2
Funds holding calls (bullish)
4

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)
17.8
EPS (TTM)
$3.77
EPS YoY
+28.7%
Revenue (TTM)
$4.9B
Revenue YoY
-3.4%
Net margin
3.6%
ROE
140.0%
Debt ratio
96.3%
FCF (TTM)
$288M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-09-30: EPS 1.22 2022-12-31: EPS 0.83 2023-03-31: EPS 2.17 2023-06-30: EPS 1.38 2023-09-30: EPS 1.63 2023-12-31: EPS 1.38 2024-03-31: EPS 1.78 2024-06-30: EPS 1.20 2024-09-30: EPS 0.89 2024-12-31: EPS -0.44 2025-03-31: EPS 1.71 2025-06-30: EPS 0.77 2025-09-30: EPS 0.70 2025-12-31: EPS 0.02 2026-03-31: EPS 1.90 2026-06-30: EPS 1.15 0B 0.6B 1.3B $B -0.48 0.95 2.39 2016201720182019202020212022202320242025202606/26 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 18 11 18 26 2023202420252026

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
-548M62M671M 20162017201820192020202120222023202420252026
Latest quarter $123M (2026-03-31)

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.