TWFGNasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31
TWFG, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$25.45+0.08 (+0.32%)
Close on Oct 19, 2026
- Market cap
- $333.30M
- P/E (TTM)
- 42.4
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
16.9%
9M of 54M shares
Institutional holders
82
12 new, 14 sold out
Net institutional buying
-2M
In Q2 2026
Insider trades, 12 months
12 buys · 0 sales
Net bought $3.35M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Ronald Baron | 871,661 | 5.88% | 13G (passive) | Dec 31, 2024 |
| College Retirement Equities Fund- Stock Account | 798,220 | 5.39% | 13G (passive) | Sep 30, 2024 |
| Franklin Resources, Inc. | 781,912 | 6.00% | 13G (passive) | Jun 30, 2026 |
| T. Rowe Price Investment Management, Inc. | 753,680 | 5.80% | 13G (passive) amendment | Jun 30, 2026 |
| Baron Capital Group, Inc. | 1,135,091 | 8.73% | 13G (passive) amendment | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TWFG | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Bamco Inc /Ny/ | 1,135,091 | 2.10% | $27.30M | −8 | 0.04% |
| Franklin Resources Inc | 781,912 | 1.45% | $18.80M | +771,912 | 0.00% |
| T. Rowe Price Investment Management, Inc. | 753,680 | 1.39% | $18.13K | −1,345,618 | 0.01% |
| Giverny Capital Inc. | 652,452 | 1.21% | $15.69M | +100,345 | 0.53% |
| Central Securities Corp | 500,000 | 0.93% | $12.03M | – | 0.90% |
| Vanguard Capital Management LLC | 489,244 | 0.91% | $11.77M | −81,293 | 0.00% |
| Marshall Wace, Llp | 408,732 | 0.76% | $9.83M | +141,904 | 0.01% |
| Two Sigma Investments, LP | 372,365 | 0.69% | $8.96M | +167,152 | 0.01% |
| Jane Street Group, LLC | 353,216 | 0.65% | $8.49M | +184,211 | 0.00% |
| Riverbridge Partners LLC | 332,658 | 0.62% | $8.00M | −216,956 | 0.22% |
| BlackRock, Inc. | 222,376 | 0.41% | $5.35M | +35,039 | 0.00% |
| Gilder Gagnon Howe & Co LLC | 221,180 | 0.41% | $5.32M | −2,459 | 0.05% |
| Alyeska Investment Group, L.P. | 215,778 | 0.40% | $5.19M | – | 0.01% |
| Citadel Advisors LLC | 214,589 | 0.40% | $5.16M | +105,087 | 0.00% |
| Ascent Group, LLC | 212,310 | 0.39% | $5.11M | +37,868 | 0.15% |
| Geode Capital Management, LLC | 174,213 | 0.32% | $4.19M | −7,879 | 0.00% |
| Renaissance Technologies LLC | 149,900 | 0.28% | $3.61M | +31,573 | 0.00% |
| Gillson Capital LP | 148,665 | 0.28% | $3.58K | +20,000 | 0.21% |
| Point72 Asset Management, L.P. | 135,139 | 0.25% | $3.25M | +70,471 | 0.00% |
| Morgan Stanley | 127,879 | 0.24% | $3.08M | +16,353 | 0.00% |
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 | 82 | 9M | 16.9% | 12 / 34 | 24 / 14 | 2M | 4M |
| Q1 2026 | 85 | 11M | 20.4% | 28 / 25 | 18 / 12 | 3M | 4M |
| Q4 2025 | 70 | 13M | 23.2% | 13 / 29 | 20 / 10 | 1M | 1M |
| Q3 2025 | 67 | 12M | 22.5% | 11 / 27 | 21 / 24 | 2M | 1M |
| Q2 2025 | 81 | 12M | 21.5% | 22 / 32 | 22 / 10 | 2M | 2M |
| Q1 2025 | 70 | 12M | 21.6% | 11 / 22 | 28 / 15 | 2M | 1M |
| Q4 2024 | 76 | 12M | 21.9% | 22 / 19 | 23 / 8 | 2M | 2M |
| Q3 2024 | 63 | 12M | 22.4% | 63 / 0 | 0 / 0 | 12M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TWFG | Value | % of fund | As of |
|---|---|---|---|---|---|
| Baron Discovery Fund | 935,000 | 1.73% | $22.49M | 1.23% | Jun 30, 2026 |
| T. Rowe Price Small-Cap Value Fund, Inc. | 436,514 | 0.81% | $10.50M | 0.10% | Jun 30, 2026 |
| Franklin Small Cap Value Fund | 326,261 | 0.60% | $8.74M | 0.20% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 320,652 | 0.59% | $7.71M | 0.00% | Jun 30, 2026 |
| Franklin Small Cap Value VIP Fund | 234,728 | 0.43% | $5.65M | 0.43% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 157,080 | 0.29% | $3.78M | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 75,160 | 0.14% | $1.41M | 0.00% | May 31, 2026 |
| Victory RS Partners Fund | 62,300 | 0.12% | $1.50M | 0.22% | Jun 30, 2026 |
| SA Franklin Small Company Value Portfolio | 55,015 | 0.10% | $1.47M | 0.49% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 30,821 | 0.06% | $826.00K | 0.01% | Jul 31, 2026 |
| PACE Small/Medium Co Growth Equity Investments | 29,776 | 0.06% | $798.00K | 0.31% | Jul 31, 2026 |
| Fidelity Total Market Index Fund | 27,106 | 0.05% | $508.78K | 0.00% | May 31, 2026 |
| U.S. Micro Cap Portfolio | 25,234 | 0.05% | $676.27K | 0.01% | Jul 31, 2026 |
| Fidelity Series Total Market Index Fund | 21,834 | 0.04% | $409.82K | 0.00% | May 31, 2026 |
| Small-Cap Equity Portfolio | 18,426 | 0.03% | $443.15K | 0.14% | Jun 30, 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 |
|---|---|---|---|---|
| Richard F. Bunch III | President and CEO, Director, 10% owner | 34,577,435 | 63.97% | Jul 21, 2026 |
| Katherine C. Nolan | Chief Operating Officer | 82,049 | 0.15% | Jul 21, 2026 |
| Janice E. Zwinggi | Chief Financial Officer | 57,314 | 0.11% | Jul 21, 2026 |
| Charles Alexander Bunch | Chief Creative & Marketing Off | 36,595 | 0.07% | Jul 21, 2026 |
| Julie E. Benes | General Counsel and Secretary | 37,454 | 0.07% | Jul 21, 2026 |
| Gopal Mohan Babu Vijaya | Chief Technology Officer | 3,677 | 0.01% | Apr 2, 2026 |
| Andrew Vincent McGuire | Chief Underwriting Officer | 4,000 | 0.01% | Apr 2, 2026 |
| Gene Padgett | Chief Accounting Officer | 4,805 | 0.01% | Apr 2, 2026 |
| Michelle Caroline Bunch | Director | 34,577,435 | 63.97% | Jul 21, 2026 |
| Michael Doak | Director | 2,595,938 | 4.80% | Jun 8, 2026 |
| Robin A. Ferracone | Director | 26,117 | 0.05% | Apr 2, 2026 |
| Janet S. Wong | Director | 12,617 | 0.02% | Apr 2, 2026 |
| Jonathan James Anderson | Director | 10,117 | 0.02% | Apr 2, 2026 |
| Bunch Family Holdings, LLC | 10% owner | 34,595,168 | 64.00% | Jul 21, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Janice E. Zwinggi Chief Financial Officer | Jul 17, 2026 | Tax withholding | −7,710 | $26.35 | $203.16K | 57,314 |
| Katherine C. Nolan Chief Operating Officer | Jul 17, 2026 | Tax withholding | −11,559 | $26.35 | $304.58K | 82,049 |
| Richard F. Bunch III President and CEO, Director, 10% owner | Jul 17, 2026 | Tax withholding | −17,733 | $26.35 | $467.26K | 313,596 |
| Charles Alexander Bunch Chief Creative & Marketing Off | Jul 17, 2026 | Tax withholding | −6,163 | $26.35 | $162.40K | 36,523 |
| Julie E. Benes General Counsel and Secretary | Jul 17, 2026 | Tax withholding | −6,171 | $26.35 | $162.61K | 37,454 |
| Michelle Caroline Bunch Director | Jul 17, 2026 | Tax withholding | −17,733 | $26.35 | $467.26K | 313,596 |
| Bunch Family Holdings, LLC 10% owner | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Bunch Family Holdings, LLC 10% owner | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Bunch Family Holdings, LLC 10% owner | Jun 5, 2026 | Gift | −264,784 | – | – | 0 |
| Bunch Family Holdings, LLC 10% owner | Jun 5, 2026 | Gift | −264,784 | – | – | 0 |
| Bunch Family Holdings, LLC 10% owner | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Bunch Family Holdings, LLC 10% owner | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Bunch Family Holdings, LLC 10% owner | Jun 5, 2026 | Gift | −529,568 | – | – | 33,364,242 |
| Michelle Caroline Bunch Director | Jun 5, 2026 | Gift | −264,784 | – | – | 0 |
| Michelle Caroline Bunch Director | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Michelle Caroline Bunch Director | Jun 5, 2026 | Gift | −264,784 | – | – | 0 |
| Michelle Caroline Bunch Director | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Michelle Caroline Bunch Director | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Michelle Caroline Bunch Director | Jun 5, 2026 | Gift | +264,784 | – | – | 264,784 |
| Michelle Caroline Bunch Director | Jun 5, 2026 | Gift | −529,568 | – | – | 33,364,242 |
| Michael Doak Director | Jun 5, 2026 | Buy | +7,865 | $19.45 | $152.97K | 765,587 |
| Michael Doak Director | Jun 4, 2026 | Buy | +11,000 | $19.09 | $209.99K | 757,722 |
| Michael Doak Director | Jun 3, 2026 | Buy | +22,994 | $18.62 | $428.15K | 746,722 |
| Michael Doak Director | Jun 2, 2026 | Buy | +16,500 | $19.25 | $317.63K | 723,728 |
| Michael Doak Director | Jun 1, 2026 | Buy | +16,500 | $19.33 | $318.95K | 707,228 |
| Michael Doak Director | May 29, 2026 | Buy | +11,330 | $18.87 | $213.80K | 690,728 |
| Michael Doak Director | May 28, 2026 | Buy | +11,000 | $18.87 | $207.57K | 679,398 |
| Michael Doak Director | May 27, 2026 | Buy | +24,880 | $18.62 | $463.27K | 668,398 |
| Michael Doak Director | May 26, 2026 | Buy | +11,000 | $19.23 | $211.53K | 643,518 |
| Michael Doak Director | May 22, 2026 | Buy | +11,000 | $18.89 | $207.79K | 632,518 |
| Michael Doak Director | May 21, 2026 | Buy | +17,538 | $18.52 | $324.80K | 621,518 |
| Michael Doak Director | May 20, 2026 | Buy | +15,745 | $18.79 | $295.85K | 603,980 |
| Robin A. Ferracone Director | Mar 31, 2026 | Award | +4,000 | – | – | 26,117 |
| Michael Doak Director | Mar 31, 2026 | Award | +4,000 | – | – | 10,117 |
| Charles Alexander Bunch Chief Creative & Marketing Off | Mar 31, 2026 | Award | +5,000 | – | – | 43,012 |
| Charles Alexander Bunch Chief Creative & Marketing Off | Mar 31, 2026 | Tax withholding | −326 | $18.39 | $6.00K | 42,686 |
| Janice E. Zwinggi Chief Financial Officer | Mar 31, 2026 | Tax withholding | −839 | $18.39 | $15.43K | 65,024 |
| Janice E. Zwinggi Chief Financial Officer | Mar 31, 2026 | Award | +12,500 | – | – | 65,863 |
| Andrew Vincent McGuire Chief Underwriting Officer | Mar 31, 2026 | Award | +4,000 | – | – | 4,000 |
| Janet S. Wong Director | Mar 31, 2026 | Award | +4,000 | – | – | 12,617 |
| Katherine C. Nolan Chief Operating Officer | Mar 31, 2026 | Award | +12,500 | – | – | 94,436 |
| Katherine C. Nolan Chief Operating Officer | Mar 31, 2026 | Tax withholding | −828 | $18.39 | $15.23K | 93,608 |
| Julie E. Benes General Counsel and Secretary | Mar 31, 2026 | Award | +5,000 | – | – | 43,962 |
| Julie E. Benes General Counsel and Secretary | Mar 31, 2026 | Tax withholding | −337 | $18.39 | $6.20K | 43,625 |
| Bunch Family Holdings, LLC 10% owner | Mar 31, 2026 | Tax withholding | −2,133 | $18.39 | $39.23K | 331,329 |
| Bunch Family Holdings, LLC 10% owner | Mar 31, 2026 | Award | +4,000 | – | – | 15,967 |
| Bunch Family Holdings, LLC 10% owner | Mar 31, 2026 | Award | +27,500 | – | – | 333,462 |
| Gopal Mohan Babu Vijaya Chief Technology Officer | Mar 31, 2026 | Award | +3,250 | – | – | 3,677 |
| Gene Padgett Chief Accounting Officer | Mar 31, 2026 | Tax withholding | −224 | $18.39 | $4.12K | 4,805 |
| Gene Padgett Chief Accounting Officer | Mar 31, 2026 | Award | +3,250 | – | – | 5,029 |
| Michelle Caroline Bunch Director | Mar 31, 2026 | Award | +27,500 | – | – | 333,462 |
| Michelle Caroline Bunch Director | Mar 31, 2026 | Award | +4,000 | – | – | 15,967 |
| Michelle Caroline Bunch Director | Mar 31, 2026 | Tax withholding | −2,133 | $18.39 | $39.23K | 331,329 |
| Jonathan James Anderson Director | Mar 31, 2026 | Award | +4,000 | – | – | 10,117 |
| Gopal Mohan Babu Vijaya Chief Technology Officer | Dec 1, 2025 | Award | +427 | – | – | 427 |
| Janice E. Zwinggi Chief Financial Officer | Jul 17, 2025 | Tax withholding | −7,338 | $33.16 | $243.33K | 53,363 |
| Bunch Family Holdings, LLC 10% owner | Jul 17, 2025 | Tax withholding | −17,749 | $33.16 | $588.56K | 305,962 |
| Katherine C. Nolan Chief Operating Officer | Jul 17, 2025 | Tax withholding | −11,588 | $33.16 | $384.26K | 81,936 |
| Charles Alexander Bunch Chief Creative & Marketing Off | Jul 17, 2025 | Tax withholding | −6,187 | $33.16 | $205.16K | 38,012 |
| Julie E. Benes General Counsel and Secretary | Jul 17, 2025 | Tax withholding | −6,187 | $33.16 | $205.16K | 38,962 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.