Triller Group
ILLR on Nasdaq. Market value $5m.
Should I look at this?
Look carefully before going further
Why it could be worth it
Nothing stands out yet.
What to watch out for
Read the warning sign in its own filings
This is not advice.
Who owns it
None of the long-term investors we follow own it. 18 funds in all.
Largest holders overall
- Yorkville Advisors Global, LP$1mNew
- UBS Group AG$640,403New
- Vanguard Capital Management$566,339New
- Geode Capital Management$417,296New
- Goldman Sachs Group$262,729New
- Vanguard Fiduciary Trust$262,529New
- Arax Advisory Partners$226,386New
- Northern Trust$109,462New
- Marshall Wace, LLP$98,644New
- Morgan Stanley$20,013New
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Roger C. Kennedy7.2%Since 24 January 2025
What they said
The information set forth in Items 3 and 6 of this Schedule 13D is hereby incorporated by reference into this Item 4. The Reporting Persons acquired the securities reported herein for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a…
Read the filing - KCP Holdings LimitedPassive investorSold down below 5%Since 11 April 2025
What they said
Item 4 of the Schedule 13D is hereby amended to add the following information: The Reporting Persons will acquire the Note and New Warrant for investment purposes, and not with the purpose or effect of changing or influencing the control of the issuer, or in connection with or…
Read the filing
| Holder | Stake | Since | |
|---|---|---|---|
Roger C. Kennedy | 7.2% | 24 January 2025 | What they saidThe information set forth in Items 3 and 6 of this Schedule 13D is hereby incorporated by reference into this Item 4. The Reporting Persons acquired the securities reported herein for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a… Read the filing |
KCP Holdings Limited Passive investor | Sold down below 5% | 11 April 2025 | What they saidItem 4 of the Schedule 13D is hereby amended to add the following information: The Reporting Persons will acquire the Note and New Warrant for investment purposes, and not with the purpose or effect of changing or influencing the control of the issuer, or in connection with or… Read the filing |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
2 serious warning signs in Triller Group’s filings.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 14 Apr 2026, plus the 10-Q filed 13 Aug 2026 and 12 later 8-Ks.
Doubt it can keep going
SeriousThe company or its auditor warned it may not have enough money to last the next year.
“These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the date of issuance of these unaudited condensed consolidated financial statements.”
From the 10-Q filed 13 August 2026, Part I, Item 1. Financial Statements. Read it in the filing
Weak checks on its own accounts
SeriousThe company said its checks on its own accounts did not work at year end. Mistakes could slip into the numbers.
“Accordingly, management concluded that the Company’s internal control over financial reporting was not effective as of December 31, 2025.”
Show the full paragraph
A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the Company’s annual or quarterly financial statements will not be prevented or detected on a timely basis. Accordingly, management concluded that the Company’s internal control over financial reporting was not effective as of December 31, 2025.
From the 10-K filed 14 April 2026, Item 9A. Controls and Procedures. Read it in the filing
Changed auditor
Worth knowingThe company changed its auditor (the firm that checks its books) in the last two years.
“On January 28, 2026, WWC, P.C. (“WWC”) notified the management and Audit Committee of Triller Group Inc., a Delaware corporation (the “Company”) of its decision to resign as the independent registered public accounting firm of the Company, effectively immediately.”
From an 8-K filed 2 February 2026: Change of auditor. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.