TFSLNasdaqSavings Institution, Federally CharteredFiscal year ends September 30
TFS Financial CORP
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$16.07−0.26 (-1.59%)
Close on Oct 19, 2026
- Market cap
- $4.50B
- P/E (TTM)
- 44.6
- Dividend yield
- 7.03%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
13.7%
38M of 280M shares
Institutional holders
235
42 new, 18 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
5 buys · 25 sales
Net sold $2.68M
Shares held by institutions
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TFSL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 3,916,394 | 1.40% | $69.40M | +168,868 | 0.00% |
| Dimensional Fund Advisors LP | 2,962,855 | 1.06% | $52.50M | −120,937 | 0.01% |
| Vanguard Capital Management LLC | 2,443,618 | 0.87% | $43.30M | +88,617 | 0.00% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,413,092 | 0.86% | $42.76M | +97,011 | 0.05% |
| Renaissance Technologies LLC | 2,384,391 | 0.85% | $42.25M | −165,100 | 0.06% |
| Vanguard Portfolio Management LLC | 2,284,772 | 0.81% | $40.49M | −2,617 | 0.00% |
| State Street Corp | 2,256,225 | 0.80% | $39.98M | −105,856 | 0.00% |
| Lakewood Capital Management, LP | 2,070,382 | 0.74% | $36.69M | −765,000 | 1.89% |
| Bank of New York Mellon Corp | 1,872,255 | 0.67% | $33.18M | +3,635 | 0.01% |
| Cramer Rosenthal McGlynn LLC | 1,162,917 | 0.41% | $20.61M | −14,721 | 1.04% |
| Geode Capital Management, LLC | 1,156,411 | 0.41% | $20.50M | −16,482 | 0.00% |
| Bank Of America Corp /De/ | 881,292 | 0.31% | $15.62M | −128,017 | 0.00% |
| Morgan Stanley | 742,813 | 0.26% | $13.16M | −53,760 | 0.00% |
| Squarepoint Ops LLC | 674,075 | 0.24% | $11.94M | +225,361 | 0.01% |
| Gator Capital Management, LLC | 556,030 | 0.20% | $9.85M | −131,770 | 2.07% |
| Hrt Financial LP | 500,101 | 0.18% | $8.86K | +489,707 | 0.00% |
| Two Sigma Investments, LP | 496,877 | 0.18% | $8.80M | +174,493 | 0.01% |
| Quantinno Capital Management LP | 484,333 | 0.17% | $8.58M | +79,011 | 0.01% |
| UBS Group AG | 437,238 | 0.16% | $7.75M | −248,533 | 0.00% |
| Exchange Traded Concepts, LLC | 396,738 | 0.14% | $7.03M | New | 0.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 235 | 38M | 13.7% | 42 / 84 | 71 / 18 | 3M | 3M |
| Q1 2026 | 217 | 38M | 13.5% | 43 / 89 | 48 / 27 | 9M | 2M |
| Q4 2025 | 204 | 36M | 12.7% | 40 / 81 | 49 / 20 | 5M | 1M |
| Q3 2025 | 186 | 31M | 11.2% | 29 / 72 | 53 / 20 | 2M | 1M |
| Q2 2025 | 178 | 31M | 10.9% | 21 / 82 | 46 / 30 | 4M | 2M |
| Q1 2025 | 190 | 29M | 10.3% | 33 / 67 | 61 / 17 | 2M | 1M |
| Q4 2024 | 176 | 28M | 9.9% | 32 / 70 | 50 / 19 | 2M | 1M |
| Q3 2024 | 167 | 27M | 9.7% | 34 / 57 | 49 / 25 | 5M | 1M |
| Q2 2024 | 162 | 27M | 9.6% | 30 / 59 | 50 / 19 | 2M | 3M |
| Q1 2024 | 152 | 28M | 10.1% | 23 / 53 | 39 / 17 | 2M | 1M |
| Q4 2023 | 146 | 28M | 10.0% | 24 / 56 | 45 / 16 | 3M | 1M |
| Q3 2023 | 140 | 27M | 9.5% | 13 / 48 | 52 / 16 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TFSL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,783,895 | 0.64% | $31.61M | 0.00% | Jun 30, 2026 |
| WisdomTree U.S. SmallCap Dividend Fund | 1,458,452 | 0.52% | $25.84M | 1.18% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,285,020 | 0.46% | $22.77M | 0.01% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 1,143,307 | 0.41% | $20.26M | 0.43% | Jun 30, 2026 |
| Global X SuperDividend U.S. ETF | 1,006,787 | 0.36% | $18.53M | 2.36% | Jul 31, 2026 |
| Global X SuperDividend ETF | 815,125 | 0.29% | $15.01M | 1.24% | Jul 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 737,787 | 0.26% | $13.07M | 0.03% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 577,148 | 0.21% | $10.23M | 0.01% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 532,016 | 0.19% | $9.79M | 0.05% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 517,473 | 0.18% | $9.53M | 0.06% | Jul 31, 2026 |
| iShares U.S. Small-Cap Equity Factor ETF | 406,796 | 0.15% | $7.49M | 0.18% | Jul 31, 2026 |
| Adaptiv Select ETF | 396,317 | 0.14% | $7.30M | 4.09% | Jul 31, 2026 |
| Dimensional U.S. Core Equity 2 ETF | 363,612 | 0.13% | $6.69M | 0.01% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 269,737 | 0.10% | $4.29M | 0.01% | May 31, 2026 |
| U.S. Core Equity 2 Portfolio | 269,055 | 0.10% | $4.95M | 0.01% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Marc A. Stefanski | Chairman, President and CEO, Director | 315,618 | 0.11% | Sep 10, 2026 |
| Meredith S. Weil | Chief Financial Officer, Director | 44,734 | 0.02% | Sep 4, 2026 |
| Bradley T. Stefanski | Chief Strategy Officer | 57,217 | 0.02% | Sep 15, 2026 |
| Gavin B. Stefanski | Chief Experience Officer | 23,770 | 0.01% | Aug 7, 2026 |
| James E. LaRocca | Accounting and Finance Officer | – | – | Jun 30, 2026 |
| Cathy W. Zbanek | Chief Synergy Officer | 94,542 | 0.03% | Jun 16, 2026 |
| Sandra M. Long | Chief Consumer Banking Officer | 41,075 | 0.01% | Jun 8, 2026 |
| Susanne N. Miller | Chief Accounting Officer | 49,195 | 0.02% | Jun 8, 2026 |
| Andrew J. Rubino | Chief Operating Officer | 35,791 | 0.01% | May 27, 2026 |
| Timothy W. Mulhern | Chief Innovation Officer | 44,455 | 0.02% | Dec 16, 2025 |
| Michael J. Carfagna | Chief Information Officer | 22,098 | 0.01% | Sep 19, 2025 |
| Ashley H. Williams | Director | 83,660 | 0.03% | Sep 10, 2026 |
| Barbara J. Anderson | Director | 100 | 0.00% | Sep 1, 2026 |
| Daniel F. Weir | Director | 80,191 | 0.03% | Aug 14, 2026 |
| Anthony J. Asher | Director | 49,314 | 0.02% | Mar 13, 2026 |
| Terrence R. Ozan | Director | 91,000 | 0.03% | Dec 18, 2025 |
| Terrence L. Bauer | Director | 7,220 | 0.00% | Dec 18, 2025 |
| William C. Mulligan | Director | 68,900 | 0.02% | Dec 18, 2025 |
| Robert A. Fiala | Director | 75,900 | 0.03% | Dec 18, 2025 |
| Martin J. Cohen | Director | 127,858 | 0.05% | Dec 18, 2025 |
| John Ringenbach | Director | 55,740 | 0.02% | Dec 18, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Bradley T. Stefanski Chief Strategy Officer | Sep 11, 2026 | Sale | −10,000 | $16.94 | $169.40K | 38,720 |
| Marc A. Stefanski Chairman, President and CEO, Director | Sep 8, 2026 | Sale | −10,000 | $17.28 | $172.80K | 27,150 |
| Ashley H. Williams Director | Sep 8, 2026 | Sale | −10,000 | $17.28 | $172.80K | 27,150 |
| Meredith S. Weil Chief Financial Officer, Director | Sep 3, 2026 | Tax withholding | −46,932 | $17.50 | $821.31K | 44,341 |
| Meredith S. Weil Chief Financial Officer, Director | Sep 3, 2026 | Option exercise | +52,793 | $14.74 | $778.17K | 91,273 |
| Meredith S. Weil Chief Financial Officer, Director | Sep 3, 2026 | Sale | −5,861 | $17.53 | $102.74K | 38,480 |
| Barbara J. Anderson Director | Aug 31, 2026 | Sale | −6,100 | $17.83 | $108.76K | 100 |
| Meredith S. Weil Chief Financial Officer, Director | Aug 28, 2026 | Option exercise | +4,707 | $14.74 | $69.38K | 43,187 |
| Meredith S. Weil Chief Financial Officer, Director | Aug 28, 2026 | Tax withholding | −4,107 | $18.00 | $73.93K | 39,080 |
| Meredith S. Weil Chief Financial Officer, Director | Aug 28, 2026 | Sale | −600 | $18.00 | $10.80K | 38,480 |
| Daniel F. Weir Director | Aug 13, 2026 | Gift | −5,000 | – | – | 10,100 |
| Gavin B. Stefanski Chief Experience Officer | Aug 5, 2026 | Sale | −6,500 | $18.35 | $119.28K | 19,266 |
| Cathy W. Zbanek Chief Synergy Officer | Jun 15, 2026 | Tax withholding | −61,334 | $16.92 | $1.04M | 74,985 |
| Cathy W. Zbanek Chief Synergy Officer | Jun 15, 2026 | Option exercise | +67,500 | $14.74 | $994.95K | 136,319 |
| Meredith S. Weil Chief Financial Officer, Director | Jun 11, 2026 | Option exercise | +50,000 | $14.74 | $737.00K | 88,480 |
| Meredith S. Weil Chief Financial Officer, Director | Jun 11, 2026 | Tax withholding | −45,684 | $16.80 | $767.49K | 42,796 |
| Meredith S. Weil Chief Financial Officer, Director | Jun 11, 2026 | Sale | −4,316 | $16.80 | $72.51K | 38,480 |
| Cathy W. Zbanek Chief Synergy Officer | Jun 9, 2026 | Option exercise | +60,000 | $14.74 | $884.40K | 124,352 |
| Cathy W. Zbanek Chief Synergy Officer | Jun 9, 2026 | Tax withholding | −55,533 | $16.49 | $915.74K | 68,819 |
| Sandra M. Long Chief Consumer Banking Officer | Jun 5, 2026 | Option exercise | +5,000 | $14.74 | $73.70K | 25,076 |
| Sandra M. Long Chief Consumer Banking Officer | Jun 5, 2026 | Tax withholding | −4,658 | $16.33 | $76.07K | 20,418 |
| Susanne N. Miller Chief Accounting Officer | Jun 5, 2026 | Tax withholding | −10,248 | $16.33 | $167.35K | 20,109 |
| Susanne N. Miller Chief Accounting Officer | Jun 5, 2026 | Option exercise | +11,000 | $14.74 | $162.14K | 30,357 |
| Meredith S. Weil Chief Financial Officer, Director | Jun 2, 2026 | Tax withholding | −75,895 | $15.90 | $1.21M | 42,585 |
| Meredith S. Weil Chief Financial Officer, Director | Jun 2, 2026 | Sale | −4,105 | $15.91 | $65.31K | 38,480 |
| Meredith S. Weil Chief Financial Officer, Director | Jun 2, 2026 | Option exercise | +80,000 | $14.74 | $1.18M | 118,480 |
| Daniel F. Weir Director | May 29, 2026 | Buy | +7,000 | $15.85 | $110.95K | 49,943 |
| Cathy W. Zbanek Chief Synergy Officer | May 26, 2026 | Tax withholding | −56,749 | $15.97 | $906.28K | 64,352 |
| Cathy W. Zbanek Chief Synergy Officer | May 26, 2026 | Option exercise | +60,000 | $14.74 | $884.40K | 121,101 |
| Andrew J. Rubino Chief Operating Officer | May 26, 2026 | Tax withholding | −10,406 | $15.97 | $166.18K | 21,904 |
| Andrew J. Rubino Chief Operating Officer | May 26, 2026 | Option exercise | +11,000 | $14.74 | $162.14K | 32,310 |
| Andrew J. Rubino Chief Operating Officer | May 26, 2026 | Sale | −594 | $16.09 | $9.56K | 21,310 |
| Cathy W. Zbanek Chief Synergy Officer | May 18, 2026 | Sale | −10,000 | $15.26 | $152.60K | 61,101 |
| Daniel F. Weir Director | May 14, 2026 | Buy | +7,000 | $15.02 | $105.14K | 42,943 |
| Daniel F. Weir Director | May 12, 2026 | Buy | +21,000 | $14.91 | $313.11K | 51,043 |
| Meredith S. Weil Chief Financial Officer, Director | May 11, 2026 | Sale | −13,756 | $14.91 | $205.10K | 38,480 |
| Andrew J. Rubino Chief Operating Officer | May 6, 2026 | Sale | −6,600 | $15.18 | $100.19K | 21,310 |
| Marc A. Stefanski Chairman, President and CEO, Director | May 5, 2026 | Gift | +1,500 | – | – | 29,700 |
| Marc A. Stefanski Chairman, President and CEO, Director | May 5, 2026 | Gift | −1,500 | – | – | 70,497 |
| Anthony J. Asher Director | Mar 12, 2026 | Buy | +5,000 | $13.37 | $66.85K | 49,314 |
| Gavin B. Stefanski Chief Experience Officer | Feb 20, 2026 | Sale | −7,000 | $14.97 | $104.79K | 25,766 |
| Marc A. Stefanski Chairman, President and CEO, Director | Feb 17, 2026 | Sale | −36,844 | $15.12 | $557.08K | 71,997 |
| Marc A. Stefanski Chairman, President and CEO, Director | Feb 13, 2026 | Sale | −1,000 | $15.00 | $15.00K | 108,841 |
| Marc A. Stefanski Chairman, President and CEO, Director | Feb 12, 2026 | Sale | −7,149 | $15.03 | $107.45K | 109,848 |
| Marc A. Stefanski Chairman, President and CEO, Director | Feb 11, 2026 | Sale | −7 | $15.00 | $105 | 109,841 |
| Meredith S. Weil Chief Financial Officer, Director | Feb 11, 2026 | Sale | −12,911 | $14.95 | $193.02K | 54,325 |
| Meredith S. Weil Chief Financial Officer, Director | Feb 11, 2026 | Sale | −2,089 | $14.95 | $31.23K | 52,236 |
| Barbara J. Anderson Director | Feb 3, 2026 | Sale | −11,000 | $14.21 | $156.31K | 6,200 |
| Anthony J. Asher Director | Jan 8, 2026 | Other | −39,114 | – | – | 0 |
| Anthony J. Asher Director | Jan 8, 2026 | Other | +44,314 | – | – | 44,314 |
| Anthony J. Asher Director | Jan 8, 2026 | Other | −5,200 | – | – | 0 |
| Marc A. Stefanski Chairman, President and CEO, Director | Dec 15, 2025 | Gift | −3,500 | – | – | 136,997 |
| Marc A. Stefanski Chairman, President and CEO, Director | Dec 15, 2025 | Gift | −20,000 | – | – | 116,997 |
| Marc A. Stefanski Chairman, President and CEO, Director | Dec 15, 2025 | Gift | +3,500 | – | – | 28,200 |
| Anthony J. Asher Director | Dec 15, 2025 | Buy | +1,439 | $13.89 | $19.99K | 39,114 |
| Anthony J. Asher Director | Dec 12, 2025 | Gift | +5,100 | – | – | 5,200 |
| Anthony J. Asher Director | Dec 12, 2025 | Gift | −5,100 | – | – | 37,675 |
| Ashley H. Williams Director | Dec 12, 2025 | Sale | −7,600 | $13.66 | $103.82K | 16,510 |
| Cathy W. Zbanek Chief Synergy Officer | Dec 10, 2025 | Option exercise | +4,733 | – | – | 81,587 |
| Cathy W. Zbanek Chief Synergy Officer | Dec 10, 2025 | Option exercise | +5,300 | – | – | 86,887 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Bradley T. Stefanski Officer | Sep 10, 2026 | 10,000 | $170.40K | Sep 10, 2026 | Stock Award |
| Marc A. Stefanski Director | Sep 4, 2026 | 10,000 | $175.70K | Sep 4, 2026 | Stock award |
| Ashley H. Williams Director | Sep 4, 2026 | 10,000 | $175.70K | Sep 4, 2026 | Stock award |
| S. Weil Meredith Officer, Director | Sep 3, 2026 | 5,861 | $102.77K | Sep 3, 2026 | Stock Option Exercise |
| Anderson Barbara Director | Aug 28, 2026 | 6,100 | $108.74K | Aug 28, 2026 | Restricted Stock |
| S. Weil Meredith Officer, Director | Aug 28, 2026 | 600 | $10.80K | Aug 28, 2026 | Stock Option Exercise |
| Gavin B. Stefanski Officer | Aug 5, 2026 | 6,500 | $119.99K | Aug 5, 2026 | EQUITY COMPENSATION |
| S. Weil Meredith Officer, Director | Jun 11, 2026 | 4,316 | $72.51K | Jun 11, 2026 | Stock Option Exercise |
| Weil Meredith Officer, Director | Jun 2, 2026 | 4,105 | $65.33K | Jun 2, 2026 | Stock Option Exercise |
| Rubino Andrew Officer | May 26, 2026 | 594 | $9.56K | May 26, 2026 | Stock Options Exercise |
| S. Weil Meredith Officer, Director | May 11, 2026 | 13,756 | $205.05K | May 11, 2026 | Restricted Stock |
| Cathy W. Zbanek Affiliate | May 8, 2026 | 15,000 | $225.75K | May 8, 2026 | Employee Compensation |
| Rubino Andrew Officer | May 6, 2026 | 6,600 | $100.21K | May 6, 2026 | Restricted Stock |
| Gavin B. Stefanski Officer | Feb 20, 2026 | 7,000 | $104.65K | Feb 20, 2026 | gift |
| A. Stefanski Marc Affiliate | Feb 13, 2026 | 45,000 | $667.35K | Feb 13, 2026 | Vested Compensation |