TREDEGAR CORP (TG)

NYSE · Rolling Drawing & Extruding of Nonferrous Metals

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

manufacturer of plastic films

Corporate structure

16 entities across 5 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-11 — see the exhibit.

Which other public companies file entities in the same places:

Virginia12 Texas1 Delaware1 China1 Cayman Islands1

Subsidiaries of TREDEGAR CORP as disclosed in its SEC filing
Entity	Jurisdiction	Note
Tredegar Corporation	Virginia
Bon L Aluminum LLC	Virginia
Bon L Campo Limited Partnership	Texas
Bon L Holdings, LLC	Virginia
Bonnell Aluminum (Clearfield), Inc.	Delaware
Bonnell Aluminum (Corporate), Inc.	Virginia
Bonnell Aluminum (Elkhart), Inc.	Virginia
Bonnell Aluminum, Inc.	Virginia
Bonnell Aluminum (Niles), LLC	Virginia
El Campo GP, LLC	Virginia
Guangzhou Tredegar Film Products Company Limited	China
Idlewood Properties, Inc.	Virginia
Terphane Acquisition Corp. II	Cayman Islands	offshore centre
Tredegar Far East Corporation	Virginia
Tredegar Performance Films Inc.	Virginia
Tredegar Surface Protection, LLC	Virginia

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

PASSReturn on assets positiveROA 9.0%
PASSOperating cash flow positiveOCF 33M
PASSReturn on assets improving-18.1% → 9.0%
FAILCash flow exceeds earningsOCF 33M vs NI 33M
PASSLong-term debt ratio falling17.0% → 9.3% of assets
PASSCurrent ratio improving1.52 → 1.62
FAILNo share dilution34M → 35M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	—	−$75.4M	$51.0M	—	33,402,147
FY2021	—	$57.8M	$43.2M	—	33,670,250
FY2022	—	$28.5M	−$57.7M	—	33,826,430
FY2023	—	−$105.9M	−$2.5M	—	34,133,078
FY2024	—	−$64.6M	$11.2M	—	34,346,242
FY2025	—	$33.5M	$15.7M	—	34,735,139

Ownership flow

12 institutions tracked — 8 added, 4 reduced. Index money added 199,061 shares while active managers cut 2,343,426.

Institutional holders of TREDEGAR CORP and their share-count change
Manager	Kind	Shares	Change	Value
BANK OF AMERICA CORP /DE/	Active fund	63,773	−2,816,744	$507,633
AQR CAPITAL MANAGEMENT LLC	Hedge fund	451,880	+365,977	$3.6M
BlackRock, Inc.	Index	2,405,863	+137,660	$19.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	745,016	+96,409	$5.9M
MORGAN STANLEY	Active fund	265,120	+86,229	$2.1M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	112,300	−83,100	$893,908
Point72 Asset Management, L.P.	Hedge fund	134,311	+55,698	$1.1M
JPMORGAN CHASE & CO	Active fund	111,737	+51,441	$881,605
STATE STREET CORP	Index	622,606	−35,008	$5.0M
CITADEL ADVISORS LLC	Hedge fund	33,070	−7,168	$263,237
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	20,482	+3,271	$164,000
FMR LLC	Active fund	5,118	+970	$40,736

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0000850429
SIC: 3350 · Rolling Drawing & Extruding of Nonferrous Metals
Incorporated: VA
Headquarters: RICHMOND, VA

Ownership

Institutional: 69.4%
Institutions: 205
Insiders: 19.5%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other rolling drawing & extruding of nonferrous metals companies

TREDEGAR CORP files under SIC 3350 — all 5 rolling drawing & extruding of nonferrous metals companies compared on assets and F-score.

Howmet Aerospace Inc.HWM MUELLER INDUSTRIES INCMLI KAISER ALUMINUM CORPKALU Quanex Building Products CORPNX

Questions about TREDEGAR CORP

How many subsidiaries does TREDEGAR CORP file with the SEC?: 16, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Virginia, Texas, Delaware. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is TREDEGAR CORP financially healthy?: TREDEGAR CORP scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of TREDEGAR CORP?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

16 entities across 5 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-03-11 — see the exhibit.

Entity

Jurisdiction

Note

Tredegar Corporation

Virginia

Bon L Aluminum LLC

Virginia

Bon L Campo Limited Partnership

Texas

Bon L Holdings, LLC

Virginia

Bonnell Aluminum (Clearfield), Inc.

Delaware

Bonnell Aluminum (Corporate), Inc.

Virginia

Bonnell Aluminum (Elkhart), Inc.

Virginia

Bonnell Aluminum, Inc.

Virginia

Bonnell Aluminum (Niles), LLC

Virginia

El Campo GP, LLC

Virginia

Guangzhou Tredegar Film Products Company Limited

China

Idlewood Properties, Inc.

Virginia

Terphane Acquisition Corp. II

Cayman Islands

offshore centre

Tredegar Far East Corporation

Virginia

Tredegar Performance Films Inc.

Virginia

Tredegar Surface Protection, LLC

Virginia

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 7

PASSReturn on assets positiveROA 9.0%
PASSOperating cash flow positiveOCF 33M
PASSReturn on assets improving-18.1% → 9.0%
FAILCash flow exceeds earningsOCF 33M vs NI 33M
PASSLong-term debt ratio falling17.0% → 9.3% of assets
PASSCurrent ratio improving1.52 → 1.62
FAILNo share dilution34M → 35M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improvingno data

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

—

−$75.4M

$51.0M

—

33,402,147

FY2021

—

$57.8M

$43.2M

—

33,670,250

FY2022

—

$28.5M

−$57.7M

—

33,826,430

FY2023

—

−$105.9M

−$2.5M

—

34,133,078

FY2024

—

−$64.6M

$11.2M

—

34,346,242

FY2025

—

$33.5M

$15.7M

—

34,735,139

Ownership flow

12 institutions tracked — 8 added, 4 reduced. Index money added 199,061 shares while active managers cut 2,343,426.

Institutional holders of TREDEGAR CORP and their share-count change
Manager	Kind	Shares	Change	Value
BANK OF AMERICA CORP /DE/	Active fund	63,773	−2,816,744	$507,633
AQR CAPITAL MANAGEMENT LLC	Hedge fund	451,880	+365,977	$3.6M
BlackRock, Inc.	Index	2,405,863	+137,660	$19.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	745,016	+96,409	$5.9M
MORGAN STANLEY	Active fund	265,120	+86,229	$2.1M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	112,300	−83,100	$893,908
Point72 Asset Management, L.P.	Hedge fund	134,311	+55,698	$1.1M
JPMORGAN CHASE & CO	Active fund	111,737	+51,441	$881,605
STATE STREET CORP	Index	622,606	−35,008	$5.0M
CITADEL ADVISORS LLC	Hedge fund	33,070	−7,168	$263,237
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	20,482	+3,271	$164,000
FMR LLC	Active fund	5,118	+970	$40,736

Questions about TREDEGAR CORP

How many subsidiaries does TREDEGAR CORP file with the SEC?

16, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Virginia, Texas, Delaware. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is TREDEGAR CORP financially healthy?

TREDEGAR CORP scores 5 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of TREDEGAR CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.