TWFG Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:TWFG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
26 Nov 24	BuyUS$31,854	Julie Benes	Individual	950	US$33.53
19 Jul 24	BuyUS$9,999,995	GHC Woodlands Holdings LLC	Company	588,235	US$17.00
19 Jul 24	BuyUS$272,000	Robin Ferracone	Individual	16,000	US$17.00
19 Jul 24	BuyUS$42,500	Janet Wong	Individual	2,500	US$17.00
19 Jul 24	BuyUS$51,000	Janice Zwinggi	Individual	3,000	US$17.00
19 Jul 24	BuyUS$17,000	Julie Benes	Individual	1,000	US$17.00
19 Jul 24	BuyUS$106,250	Katherine Nolan	Individual	6,250	US$17.00
19 Jul 24	BuyUS$3,152,242	Richard Bunch	Individual	185,426	US$17.00
19 Jul 24	BuyUS$298,350	Michelle Bunch	Individual	17,550	US$17.00
19 Jul 24	BuyUS$19,448	Charles Bunch	Individual	1,144	US$17.00

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TWFG?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	588,235	3.95%
Individual Insiders	1,144,934	7.68%
General Public	2,409,603	16.2%
Institutions	10,761,311	72.2%

Dilution of Shares: TWFG only recently listed within the past 12 months

Top Shareholders

Top 25 shareholders own 69.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.85%	AllianceBernstein L.P.	1,170,377	US$154.1m	15.7%	0.01%
5.9%	Capital Research and Management Company	878,807	US$115.7m	0%	no data
5.89%	FMR LLC	878,494	US$115.7m	-17.5%	no data
5.82%	Baron Capital Group, Inc.	867,824	US$114.3m	-0.44%	0.07%
4.33%	Richard Bunch	644,672	US$84.9m	-0.8%	no data
4.17%	The Vanguard Group, Inc.	621,151	US$81.8m	0.69%	no data
3.97%	Griffin Highline Capital LLC	591,764	US$77.9m	0%	no data
3.95%	GHC Woodlands Holdings LLC	588,235	US$77.5m	0%	no data
3.36%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	501,491	US$66.0m	-29.6%	no data
2.82%	American Century Investment Management Inc	420,881	US$55.4m	-24.8%	0.01%
2.55%	Driehaus Capital Management LLC	379,496	US$50.0m	-0.38%	0.08%
2.29%	Michelle Bunch	341,261	US$44.9m	1,520%	no data
1.92%	Goldman Sachs Asset Management, L.P.	285,466	US$37.6m	0%	no data
1.77%	Alyeska Investment Group, L.P.	263,324	US$34.7m	15.5%	0.03%
1.62%	Gilder Gagnon Howe & Co. LLC	242,055	US$31.9m	-0.36%	0.09%
1.47%	Victory Capital Management Inc.	219,490	US$28.9m	13,000%	0.01%
1.4%	Geode Capital Management, LLC	208,128	US$27.4m	53.2%	no data
1.23%	BlackRock, Inc.	182,839	US$24.1m	0.09%	no data
1.2%	Freestone Grove Partners LP	178,691	US$23.5m	-7.2%	0.06%
1.05%	Balyasny Asset Management L.P.	156,154	US$20.6m	3.63%	0.01%
1.02%	Marshall Wace LLP	151,888	US$20.0m	-0.33%	0.01%
1.01%	Healthcare of Ontario Pension Plan	150,000	US$19.8m	0%	0.01%
0.99%	Gillson Capital LP	147,499	US$19.4m	6.11%	0.45%
0.89%	ExodusPoint Capital Management, LP	131,934	US$17.4m	33.1%	0.06%
0.81%	Ghisallo Capital Management LLC	120,000	US$15.8m	0%	0.47%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/06/30 09:04
End of Day Share Price	2025/06/27 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TWFG, Inc. is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Zaremski	BMO Capital Markets Equity Research
null null	BMO Capital Markets Equity Research
Jamminder Bhullar	J.P. Morgan