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TH International
THCH

15 hedge funds and large institutions have $8.31M invested in TH International in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 1

10.16% less ownership

Funds ownership: 10.16% → 0% (-10%)

12% less funds holding

Funds holding: 17 → 15 (-2)

17% less capital invested

Capital invested by funds: $10M → $8.31M (-$1.68M)

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3

Holders
15
Holders Change
-2
Holders Change %
-11.76%
% of All Funds
0.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
3
Reduced
1
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$50.7K
2
Citadel Advisors
Citadel Advisors
Florida
+$25K
3
UBS Group
UBS Group
Switzerland
+$22.1K
4
Group One Trading
Group One Trading
Illinois
+$271

Top Sellers

Rank Fund Capital Flow
1
ZA
Zazove Associates
Nevada
-$45.3K
2
Simplex Trading
Simplex Trading
Illinois
-$10K
3
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$2.08K
4
Osaic Holdings
Osaic Holdings
Arizona
-$148
Name Holding Trade Value Shares
Change 		Change in
Stake
HH
1
HSG Holding
Hong Kong
$7.05M – – –
ZA
2
Zazove Associates
Nevada
$616K -$45.3K -16,733 -7%
SAMU
3
SONA Asset Management (US)
New York
$259K – – –
Susquehanna International Group
4
Susquehanna International Group
Pennsylvania
$78.2K +$50.7K +18,731 +170%
LP
5
LMR Partners
United Kingdom
$78.2K – – –
Citadel Advisors
6
Citadel Advisors
Florida
$71.1K +$25K +9,227 +52%
UBS Group
7
UBS Group
Switzerland
$56.6K +$22.1K +8,147 +59%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$49.2K – – –
SCM
9
Shaolin Capital Management
Florida
$32.6K – – –
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$16K – – –
GLF
11
Groupe la Francaise
France
$3.75K – – –
CIEC
12
Crédit Industriel et Commercial
France
$2.25K – – –
Group One Trading
13
Group One Trading
Illinois
$263 +$271 +100 New
JP Morgan Chase
14
JP Morgan Chase
New York
$252 – – –
Morgan Stanley
15
Morgan Stanley
New York
$163 – – –
Simplex Trading
16
Simplex Trading
Illinois
– -$10K -3,639 Closed
CIBC Private Wealth Group
17
CIBC Private Wealth Group
Georgia
– -$2.08K -700 Closed
Osaic Holdings
18
Osaic Holdings
Arizona
– -$148 -50 Closed

THCH Hedge Fund Activity: Q3 2025 in Review

15 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in TH International (THCH) for Q3 2025, worth a combined $8.31M — down 17% from $10M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of THCH and 1 opened new positions — a net loss of 2 holders — while 1 trimmed existing stakes and 3 added.

The largest buyer was Susquehanna International Group, adding an estimated $50.7K. The largest seller was Zazove Associates, cutting an estimated $45.3K.

  • 15 institutional investors held TH International (THCH) as of Q3 2025, down from 17 in Q2 2025.
  • Funds reported $8.31M of TH International stock for Q3 2025, down 17% quarter-over-quarter.
  • 1 fund opened new TH International positions in Q3 2025 and 3 closed out, a net change of -2 holders.
  • The largest TH International buyer in Q3 2025 was Susquehanna International Group, an estimated $50.7K added.
  • The largest TH International seller in Q3 2025 was Zazove Associates, an estimated $45.3K sold.

Based on aggregated 13F filings for Q3 2025.