Trueblue
TBI
111 hedge funds and large institutions have $146M invested in Trueblue in 2025 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 38 increasing their positions, 47 reducing their positions, and 17 closing their positions.
520% more call options, than puts
Call options by funds: $31K | Put options by funds: $5K
2.16% less ownership
Funds ownership: 94.55% → 92.38% (-2.2%)
5% less funds holding
Funds holding: 117 → 111 (-6)
19% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 47
29% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 17
38% less capital invested
Capital invested by funds: $235M → $146M (-$89M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$2.44M |
| 2 |
PLC
Peapod Lane Capital
Bedford Hills,
New York
|
+$1.78M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$1.65M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$1.33M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Azarias Capital Management
Berwyn,
Pennsylvania
|
-$3.53M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.65M |
| 3 |
N
Numerai
San Francisco,
California
|
-$1.56M |
| 4 |
Millennium Management
New York
|
-$1.44M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$778K |
TBI Hedge Fund Activity: Q1 2025 in Review
111 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Trueblue (TBI) for Q1 2025, worth a combined $146M — down 38% from $235M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of TBI and 12 opened new positions — a net loss of 5 holders — while 47 trimmed existing stakes and 38 added.
The largest buyer was Royce & Associates, adding an estimated $2.44M. The largest seller was Azarias Capital Management, cutting an estimated $3.53M.
- 111 institutional investors held Trueblue (TBI) as of Q1 2025, down from 117 in Q4 2024.
- Funds reported $146M of Trueblue stock for Q1 2025, down 38% quarter-over-quarter.
- 12 funds opened new Trueblue positions in Q1 2025 and 17 closed out, a net change of -5 holders.
- The largest Trueblue buyer in Q1 2025 was Royce & Associates, an estimated $2.44M added.
- The largest Trueblue seller in Q1 2025 was Azarias Capital Management, an estimated $3.53M sold.
Based on aggregated 13F filings for Q1 2025.