TriNet (TNET)

• Market cap: $3.86B
• 1 day: -2.55%
• 5 days: 0.90%
• 1 month: -1.74%
• 3 months: -15.43%
• 6 months: -21.15%
• Year to date: -14.60%
• 1 year: -40.81%
• 5 years: 65.25%
• 10 years: 115.24%
• Sector: Industrials
• Industry: Staffing & Employment Services

About: Trinet Group Inc outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Employees: 5,400

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

118% more call options, than puts

Call options by funds: $9.98M | Put options by funds: $4.58M

5.22% more ownership

Funds ownership: 91.44% [Q3] → 96.66% (+5.22%) [Q4]

8% more repeat investments, than reductions

Existing positions increased: 95 | Existing positions reduced: 88

3% less capital invested

Capital invested by funds: $4.48B [Q3] → $4.35B (-$134M) [Q4]

8% less funds holding

Funds holding: 262 [Q3] → 242 (-20) [Q4]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]

36% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 50