Dollar Tree, Inc.

The full register, from 13F filings

The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 839 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.

Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.

What a reader needs to know to read these numbers

• Family Dollar sale: on 5 Jul 2025 Dollar Tree completed the all-cash sale of its Family Dollar business to 1959 Holdings, LLC (a consortium reported in press coverage as led by Brigade Capital Management and Macellum Capital Management), per the Membership Interest Purchase Agreement dated 25 Mar 2025 (Exhibit 2.1 to the FY2025 10-K). Total cash generated approximated $793 million (approx. $680 million of net proceeds). This is a NOTE, not a holdings row: the Q1 FY2026 10-Q and FY2025 10-K were searched for 'Family Dollar', 'discontinued operation', 'equity method', 'equity interest', 'non-marketable', 'unconsolidated', 'warrant', 'seller note', 'promissory note', 'earn-out', 'earnout', 'note receivable', 'retained interest', 'joint venture', 'minority interest', '1959 Holdings', 'Brigade' and 'Macellum'. 'Warrant' matched only unrelated stock-option-plan boilerplate; every deal-structure term returned zero hits except '1959 Holdings' itself. Dollar Tree retained no equity interest, warrant, seller note or earn-out in Family Dollar or in 1959 Holdings, LLC; the only continuing involvement disclosed is an 18-month transition services agreement and specified litigation indemnities. This is an all-cash disposal with no retained equity, so it is recorded as a note rather than a null holdings row.
• Holdings side is empty. Beyond the Family Dollar search above, the FY2025 10-K (period ended 31 Jan 2026) was searched for 'investments in', 'equity investment', 'strategic investment', 'cost method', 'available-for-sale', 'marketable securities', 'ownership interest' and 'affiliate': no equity-method investment, joint venture, non-marketable security, or minority stake in any other entity was found anywhere in the filing. Exhibit 21.1 (subsidiaries of the registrant) lists only 5 wholly owned operating subsidiaries plus one indirectly held foreign entity (Dollar Tree Stores Canada, Inc.), with no ownership-percentage column and no third-party joint venture; it is a bare name list, a genuine negative rather than an unexplored gap.
• Mantle Ridge / Paul Hilal activist position, handled as a note rather than a register row because the most current filed evidence shows it effectively exited. History: Mantle Ridge LP, its adviser MR Cobalt Advisor LLC, and founder Paul C. Hilal have run an activist campaign at Dollar Tree since a March 2022 Stewardship Framework Agreement gave Hilal a board seat (he is Independent Vice Chair as of the May 2026 proxy). Their last Schedule 13D/A (Amendment No. 4, filed 21 Dec 2023) reported an aggregate of 13,640,904 shares (6.3% as of 27 Nov 2023) that explicitly INCLUDES shares underlying PSF-Option Agreements (physically-settled forward option contracts), i.e. it is not a pure common-stock count; a further 9,655,604 notional shares of cash-settled-forward exposure was disclosed separately and excluded from that total. Dollar Tree's own DEF 14A filed 1 May 2026 (record date 17 Apr 2026) still lists 'Mantle Ridge LP' as a 7.0% Other-5%-Shareholder at the identical 13,640,904 share count (only the percentage was recomputed against the then-current 194,725,406 shares outstanding), citing a 'Schedule 13D/A filed on July 15, 2025' that could not be located anywhere in EDGAR under Mantle Ridge's CIK (0001695459), MR Cobalt's CIK (0001893902), Hilal's CIK (0001413084) or Dollar Tree's own CIK via full-text search; the proxy's cited figure appears to simply be the stale Dec-2023 13D number. Fresher, cleaner evidence: Mantle Ridge's own Q1 FY2026 13F-HR (period 31 Mar 2026, filed 14 May 2026) reported a clean, non-derivative common-stock position of 12,104,393 shares (CUSIP 256746108, sole voting/dispositive authority, value $1,325,552,077). A joint Form 4 filed 25 Jun 2026 by Mantle Ridge, MR Cobalt and Hilal (accession 0001104659-26-077658) reported a complex 24 Jun 2026 sequence of forward-option conversions, an open-market sale of 2,230,455 shares at $111.31, and an 'other' (Code J) disposition of 10,266,164 shares, leaving a final reported indirect position of only 210,044 shares. Mantle Ridge's own Q2 FY2026 13F-HR (period 30 Jun 2026, filed 14 Aug 2026, accession 0001695459-26-000006) reports ZERO 13(f) securities (tableValueTotal 0, a single placeholder N/A/0-share row), confirming no reportable common-stock position remained as of 30 Jun 2026. Net effect: Mantle Ridge/Hilal went from a real, clean 12.1 million-share common-stock position on 31 Mar 2026 to essentially zero by 30 Jun 2026. Per the project rule that a holder confirmed at zero is a note rather than a null row, Mantle Ridge is excluded from the register. Because of this, the DEF 14A's 'All current directors and executive officers as a group (18 persons): 13,871,903 shares, 7.1%' figure (as of 17 Apr 2026) is not used as a register row either: it is only ~231,000 shares above Mantle Ridge's own stated 13,640,904, strongly implying Hilal's now-liquidated stake dominates that group total, so using it would chart a materially stale insider position. The other 17 named directors/officers individually hold small amounts (tens of thousands of shares each, e.g. Creedon 46,436; Naylor 27,967; Stahl 20,897), none of which is independently material enough to warrant its own register row.
• shares_outstanding is 192,174,588 as of 26 May 2026, per the cover page of the Q1 FY2026 10-Q (period ended 2 May 2026, filed 28 May 2026), the freshest disclosed count. For reference, the FY2025 10-K cover page (period ended 31 Jan 2026) reported 197,298,217 shares as of 12 Mar 2026, and the DEF 14A reported 194,725,406 shares as of 17 Apr 2026: Dollar Tree has been steadily reducing its share count through buybacks, so the register's institutional total should be read against the freshest denominator rather than an older one.
• market_cap_usd is derived, not filed directly: $120.94/share (the price implied by multiple Q2 2026 13F filers' own reported value/shares for DLTR, e.g. FMR $3,018,948,907/24,960,305 sh = $120.94; State Street $1,081,463,781/8,941,412 sh = $120.94) multiplied by shares_outstanding of 192,174,588 (as of 26 May 2026, five weeks earlier than the price date). market_cap_as_of is set to 2026-06-30, the price date, since that is the binding constraint on precision.
• Self-gate, computed on the final file exactly as the chart computes it (no rows carry rolls_up_into or is_aggregate, so it is a straight sum of shares): 10 register rows, 102,209,674 shares, 53.19% of shares_outstanding (192,174,588). This is above the 25-45% range the brief describes as typical but below its 55% double-check threshold; the elevated figure is plausible given Dollar Tree's heavy share buyback program shrinking the denominator (197.3m to 192.2m shares in under 3 months) against a largely stable set of institutional share counts.
• Nomura Holdings' Q2 2026 13F-HR information table (filer CIK 0000905148, accession 0000905148-26-003673) could not be fetched (repeated FETCH FAILED on its info-table XML URL) and was dropped from the register rather than reused from the 31-Mar-2026 project snapshot (which showed 4,901,940 shares, an unverified stale figure); it is omitted rather than guessed.