TFS Financial Corporation
US ˙ NasdaqGS ˙ US87240R1077

SecurityTFSL / TFS Financial Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership796,573 shares
Latest Disclosed Value $ 11,191,867
Morgan Stanley reports 12.11% increase in ownership of TFSL / TFS Financial Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 796,573 shares of TFS Financial Corporation (US:TFSL) valued at $11,191,851 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 710,502 shares of TFS Financial Corporation. This represents a change in shares of 12.11% during the quarter. The current value of the position is $13,008,037 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F TFS FINL COM 87240R107 796,573 86,071 12.11 11,192 17.73 0.0007
2026-05-27 2025-12-31 13F/A-1 TFS FINL COM 87240R107 710,502 134,683 23.39 9,507 25.31 0.0006
2026-02-13 2025-12-31 13F TFS FINL COM 87240R107 710,502 134,683 9,507 0.0006
2026-05-27 2025-09-30 13F/A-1 TFS FINL COM 87240R107 575,819 124,917 27.70 7,586 29.92 0.0005
2025-11-14 2025-09-30 13F TFS FINL COM 87240R107 575,819 124,917 7,586 0.0005
2025-08-15 2025-06-30 13F TFS FINL COM 87240R107 450,902 142,106 46.02 5,839 52.65 0.0004
2025-05-15 2025-03-31 13F TFS FINL COM 87240R107 308,796 -57,754 -15.76 3,826 -16.90 0.0003
2025-05-15 2024-12-31 13F/A-1 TFS FINL COM 87240R107 366,550 -53,892 -12.82 4,604 -14.85 0.0003
2025-02-14 2024-12-31 13F TFS FINL COM 87240R107 366,550 -53,892 4,604 0.0003
2025-05-14 2024-09-30 13F/A-2 TFS FINL COM 87240R107 420,442 11,262 2.75 5,407 4.71 0.0004
2025-02-14 2024-09-30 13F/A-1 TFS FINL COM 87240R107 420,442 11,262 5,407 0.0004
2024-11-14 2024-09-30 13F TFS FINL COM 87240R107 420,442 11,262 5,407 0.0000
2025-05-14 2024-06-30 13F/A-2 TFS FINL COM 87240R107 409,180 -26,492 -6.08 5,164 -5.65 0.0004
2024-10-17 2024-06-30 13F/A-1 TFS FINL COM 87240R107 409,180 -26,492 5,164 0.0004
2024-08-14 2024-06-30 13F TFS FINL COM 87240R107 409,180 -26,492 5,164 0.0004
2024-10-17 2024-03-31 13F/A-2 TFS FINL COM 87240R107 435,672 33,761 8.40 5,472 -7.32 0.0004
2024-08-16 2024-03-31 13F/A-1 TFS FINL COM 87240R107 435,672 33,761 5,472 0.0001
2024-05-15 2024-03-31 13F TFS FINL COM 87240R107 435,672 33,761 5,472 0.0004
2024-08-16 2023-12-31 13F/A-1 TFS FINL COM 87240R107 401,911 -114,272 -22.14 5,904 -3.23 0.0005
2024-02-13 2023-12-31 13F TFS FINL COM 87240R107 401,911 -114,272 5,904 0.0005
2023-11-15 2023-09-30 13F TFS FINL COM 87240R107 516,183 38,828 8.13 6,101 1.68 0.0006
2023-08-14 2023-06-30 13F TFS FINL COM 87240R107 477,355 -96,108 -16.76 6,000 -17.15 0.0006
2023-05-15 2023-03-31 13F TFS FINL COM 87240R107 573,463 127,966 28.72 7,243 12.82 0.0008
2023-02-14 2022-12-31 13F TFS FINL COM 87240R107 445,497 24,811 5.90 6,420 17.37 0.0007
2022-11-14 2022-09-30 13F TFS FINL COM 87240R107 420,686 -36,244 -7.93 5,469 -12.82 0.0007
2022-10-27 2022-06-30 13F/A-1 TFS FINL COM 87240R107 456,930 365,008 397.08 6,273 310.81 0.0008
2022-08-15 2022-06-30 13F TFS FINL COM 87240R107 456,930 365,008 6,273 0.0002
2022-10-27 2022-03-31 13F/A-1 TFS FINL COM 87240R107 91,922 -830 -0.89 1,527 -7.96 0.0002
2022-05-13 2022-03-31 13F TFS FINL COM 87240R107 91,922 -830 1,527 0.0002
2022-02-14 2021-12-31 13F TFS FINL COM 87240R107 92,752 4,507 5.11 1,659 -1.31 0.0002
2021-11-15 2021-09-30 13F TFS FINL COM 87240R107 88,245 -40,902 -31.67 1,681 -35.86 0.0002
2021-08-23 2021-06-30 13F/A-1 TFS FINL COM 87240R107 129,147 10,749 9.08 2,621 8.67 0.0003
2021-08-16 2021-06-30 13F TFS FINL COM 87240R107 129,147 10,749 2,621 0.0001
2021-05-17 2021-03-31 13F TFS FINL COM 87240R107 118,398 59,079 99.60 2,412 130.59 0.0004
2021-02-16 2020-12-31 13F TFS FINL COM 87240R107 59,319 330 0.56 1,046 20.79 0.0002
2020-11-13 2020-09-30 13F TFS FINL COM 87240R107 58,989 -13,084 -18.15 866 -16.00 0.0002
2020-08-14 2020-06-30 13F TFS FINL COM 87240R107 72,073 -6,268 -8.00 1,031 -13.80 0.0002
2020-05-26 2020-03-31 13F/A-1 TFS FINL COM 87240R107 78,341 -77,320 -49.67 1,196 -60.95 0.0003
2020-05-15 2020-03-31 13F TFS FINL COM 87240R107 78,341 -77,320 1,196 91.8777
2020-02-14 2019-12-31 13F TFS FINL COM 87240R107 155,661 -20,493 -11.63 3,063 -3.50 0.0007
2019-11-14 2019-09-30 13F TFS FINL COM 87240R107 176,154 -2,091 -1.17 3,174 -1.46 0.0008
2019-08-14 2019-06-30 13F TFS FINL COM 87240R107 178,245 10,328 6.15 3,221 16.49 0.0009
2019-05-15 2019-03-31 13F TFS FINL COM 87240R107 167,917 -41,216 -19.71 2,765 -18.03 0.0008
2019-02-14 2018-12-31 13F TFS FINL COM 87240R107 209,133 -36,973 -15.02 3,373 -8.69 0.0010
2019-04-23 2018-09-30 13F/A-2 TFS FINL COM 87240R107 246,106 51,074 26.19 3,694 20.09 0.0009
2018-11-20 2018-09-30 13F/A-1 TFS FINL COM 87240R107 246,106 0 3,694 0.0009
2018-11-14 2018-09-30 13F TFS FINL COM 87240R107 246,106 51,074 3,694
2019-04-23 2018-06-30 13F/A-1 TFS FINL COM 87240R107 195,032 -20,056 -9.32 3,076 -2.63 0.0008
2018-08-14 2018-06-30 13F TFS FINL COM 87240R107 195,032 -20,056 3,076
2019-04-23 2018-03-31 13F/A-1 TFS FINL COM 87240R107 215,088 79,176 58.26 3,159 55.54 0.0009
2018-05-14 2018-03-31 13F TFS FINL COM 87240R107 215,088 79,176 3,159
2019-04-23 2017-12-31 13F/A-1 TFS FINL COM 87240R107 135,912 48,412 55.33 2,031 44.04 0.0006
2018-02-14 2017-12-31 13F TFS FINL COM 87240R107 135,912 48,412 2,031
2017-11-14 2017-09-30 13F TFS FINL COM 87240R107 87,500 27,089 44.84 1,410 50.80 0.0004
2017-08-11 2017-06-30 13F TFS FINL COM 87240R107 60,411 27,634 84.31 935 71.56 0.0003
2017-05-22 2017-03-31 13F/A-1 TFS FINL COM 87240R107 32,777 -17,011 -34.17 545 -42.51 0.0002
2017-05-12 2017-03-31 13F TFS FINL COM 87240R107 32,777 545
2017-02-22 2016-12-31 13F/A-1 TFS FINL COM 87240R107 49,788 17,205 52.80 948 63.73 0.0003
2017-02-13 2016-12-31 13F TFS FINL COM 87240R107 49,788 948
2016-11-10 2016-09-30 13F TFS FINL COM 87240R107 32,583 -17,062 -34.37 579 -32.36 0.0002
2016-08-12 2016-06-30 13F TFS FINL COM 87240R107 49,645 17,357 53.76 856 52.58 0.0003
2016-05-12 2016-03-31 13F TFS FINL COM 87240R107 32,288 -8,985 -21.77 561 -27.80 0.0002
2016-02-09 2015-12-31 13F TFS FINL COM 87240R107 41,273 4,843 13.29 777 23.53 0.0003
2016-02-08 2015-09-30 13F/A-1 TFS FINL COM 87240R107 36,430 4,435 13.86 629 17.13 0.0002
2015-11-09 2015-09-30 13F TFS FINL COM 87240R107 36,430 629
2015-08-12 2015-06-30 13F TFS FINL COM 87240R107 31,995 1,421 4.65 537 19.87 0.0002
2015-05-14 2015-03-31 13F TFS FINL COM 87240R107 30,574 -9,463 -23.64 448 -24.71 0.0002
2015-02-13 2014-12-31 13F TFS FINL COM 87240R107 40,037 19,367 93.70 595 101.01 0.0002
2014-12-16 2014-09-30 13F/A-1 TFS FINL COM 87240R107 20,670 -16,781 -44.81 296 -36.48 0.0001
2014-11-14 2014-09-30 13F TFS FINL COM 87240R107 20,670 296
2014-05-13 2014-03-31 13F TFS FINL COM 87240R107 37,451 -149,153 -79.93 466 -79.39 0.0002
2014-02-13 2013-12-31 13F TFS FINL COM 87240R107 186,604 38,842 26.29 2,261 27.81 0.0010
2013-11-13 2013-09-30 13F TFS FINANCIAL GROUP COM 87240R107 147,762 75,489 104.45 1,769 118.67 0.0008
2013-08-08 2013-06-30 13F TFS FINANCIAL GROUP COM 87240R107 72,273 72,273 809 0.0004
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.