Shoals Technologies Group, Inc. - Class A Common Stock, $0.00001 Par Value (SHLS) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2020 to Q4 2025

Type / Class
Equity / Class A Common Stock, $0.00001 Par Value
Symbol
SHLS on Nasdaq
Shares outstanding
167,478,090
Price per share
$9.21
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
182,682,461
Total reported value
$1,554,605,954
% of total 13F portfolios
0%
Share change
+2,617,725
Value change
+$38,363,447
Number of holders
263
Price from insider filings
$9.21
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Shoals Technologies Group, Inc. - Class A Common Stock, $0.00001 Par Value (SHLS) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BlackRock, Inc. 11% +11% $151,975,062 +$16,315,028 17,879,419 +12% BlackRock, Inc. 31 Jan 2026
VANGUARD GROUP INC 8.2% -21% $52,123,017 -$12,926,962 13,752,775 -20% The Vanguard Group 31 Mar 2025
PRICE T ROWE ASSOCIATES INC /MD/ 7.6% $110,447,769 12,753,784 T. Rowe Price Associates, Inc. 31 Dec 2025
BlackRock Portfolio Management LLC 3.8% -46% $54,093,022 -$52,506,693 6,363,885 -49% BlackRock Portfolio Management LLC 31 Dec 2025
WELLINGTON MANAGEMENT GROUP LLP 3% -74% $37,510,900 -$91,449,977 5,062,268 -71% Wellington Management Group LLP 30 Sep 2025
Encompass Capital Advisors LLC 2.9% -63% $41,770,376 -$72,581,478 4,823,369 -63% Encompass Capital Advisors LLC 31 Dec 2025
Clearbridge Investments, LLC 1.3% $8,427,349 2,223,575 Clearbridge Investments, LLC 30 Sep 2024

As of 31 Dec 2025, 263 institutional investors reported holding 182,682,461 shares of Shoals Technologies Group, Inc. - Class A Common Stock, $0.00001 Par Value (SHLS). This represents 109% of the company’s total 167,478,090 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Shoals Technologies Group, Inc. - Class A Common Stock, $0.00001 Par Value (SHLS) together control 81% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 14% 22,622,507 -18% 0% $192,291,314
VANGUARD GROUP INC 8.1% 13,594,139 +3.1% 0% $115,550,183
PRICE T ROWE ASSOCIATES INC /MD/ 7.6% 12,753,784 +152% 0.01% $108,410,000
FIRST TRUST ADVISORS LP 3.8% 6,331,682 +1493% 0.04% $53,819,297
UBS Group AG 3.7% 6,140,543 +88% 0.01% $52,194,616
STATE STREET CORP 3.6% 6,019,109 +4% 0% $51,162,427
Invesco Ltd. 3.5% 5,877,652 +5.8% 0.01% $49,960,044
Amundi 3.4% 5,776,766 +175% 0.02% $49,075,242
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 3% 5,088,064 -12% 0.05% $43,249,000
Encompass Capital Advisors LLC 2.9% 4,823,369 -59% 2% $40,998,637
Pictet Asset Management Holding SA 2.8% 4,732,945 -9.7% 0.04% $40,230,033
Castle Hook Partners LP 2.8% 4,717,105 0.58% $40,095,393
T. Rowe Price Investment Management, Inc. 2.6% 4,395,497 -7.7% 0.02% $37,362,000
GEODE CAPITAL MANAGEMENT, LLC 2.5% 4,227,533 +0.8% 0% $35,939,925
CITADEL ADVISORS LLC 2.2% 3,759,255 -11% 0.02% $31,953,668
Erste Asset Management GmbH 2.2% 3,755,689 -17% 0.28% $33,594,490
DIMENSIONAL FUND ADVISORS LP 1.9% 3,251,807 +29% 0.01% $27,641,485
AMERICAN CENTURY COMPANIES INC 1.5% 2,546,852 -22% 0.01% $21,648,242
SCHRODER INVESTMENT MANAGEMENT GROUP 1.5% 2,527,763 -26% 0.02% $21,485,986
Redwood Grove Capital, LLC 1.5% 2,526,422 -12% 6.1% $21,474,587
AMERIPRISE FINANCIAL INC 1.4% 2,322,438 +1.1% 0% $19,740,724
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.3% 2,152,407 +156% 0.01% $18,295,460
VOYA INVESTMENT MANAGEMENT LLC 1.2% 2,004,827 +108% 0.02% $17,041,030
GOLDMAN SACHS GROUP INC 1.2% 1,984,355 -14% 0% $16,867,018
NORTHERN TRUST CORP 1.1% 1,831,708 -7.5% 0% $15,569,519

Institutional Holders of Shoals Technologies Group, Inc. - Class A Common Stock, $0.00001 Par Value (SHLS) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 182,682,461 $1,554,605,954 +$38,363,447 $8.50 263
2025 Q3 180,050,609 $1,335,044,338 -$23,453,845 $7.41 236
2025 Q2 185,109,176 $788,834,294 +$76,308,872 $4.25 216
2025 Q1 171,144,184 $567,588,029 -$45,056,598 $3.32 212
2024 Q4 170,932,299 $946,289,862 +$4,796,373 $5.53 221
2024 Q3 166,781,197 $934,639,114 -$190,796,665 $5.61 233
2024 Q2 194,421,394 $1,213,589,559 -$119,285,799 $6.24 243
2024 Q1 198,164,857 $2,217,564,549 +$596,074 $11.18 270
2023 Q4 195,982,380 $3,045,657,288 +$93,127,222 $15.54 286
2023 Q3 187,064,623 $3,415,067,353 +$84,979,171 $18.25 294
2023 Q2 180,510,952 $4,596,135,436 +$166,693,407 $25.56 281
2023 Q1 173,252,286 $3,946,799,088 +$650,806,639 $22.79 283
2022 Q4 145,024,099 $3,577,817,552 +$822,508,748 $24.67 273
2022 Q3 111,888,243 $2,410,988,160 -$316,384,948 $21.55 215
2022 Q2 117,547,719 $1,933,615,507 +$128,221,560 $16.48 195
2022 Q1 111,061,200 $1,894,666,615 -$44,337,573 $17.04 189
2021 Q4 112,979,715 $2,745,751,701 +$6,513,362 $24.30 163
2021 Q3 110,597,268 $3,085,470,234 +$28,411,966 $27.88 163
2021 Q2 107,737,863 $3,821,966,441 +$680,650,167 $35.50 154
2021 Q1 88,555,499 $3,079,971,292 +$3,079,944,280 $34.78 144
2020 Q4 584 $20,000 +$20,000 $34.25 1