As of November 7, 2026, one holder's latest Schedule 13D or 13G filing report owning 5% or more of TOP Financial Group Ltd. The largest reported stake is Junli Yang's, at 17.1%. One filing is on record since July 30, 2026 (Schedule 13D, July 30, 2026).
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Key facts
- · Reporting person: Junli Yang · Sole voting: 104,067,616 · Shared voting: 0 · Sole dispositive: 104,067,616 · Shared dispositive: 0 · SCHEDULE 13D, 2026-07-30
- · Reporting person: Quantum Leap Limited · Sole voting: 84,067,616 · Shared voting: 0 · Sole dispositive: 84,067,616 · Shared dispositive: 0 · SCHEDULE 13D, 2026-07-30
- · Holder: Junli Yang · Percent: 17.1% · SCHEDULE 13D
- · Holder: Junli Yang · Percent: 17.1% · Shares: 104,067,616 · SCHEDULE 13D
TOP Financial Group Ltd has 1 Schedule 13D or 13G filing on record since 2026-07-30. 1 holder's latest filing reports 5% or more of class a ordinary shares. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 17.1% | 104,067,616 | SCHEDULE 13D, 2026-07-30 | 2026-07-12 |
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TOP Financial Group Ltd elsewhere on the record
- Leadership changes Sep 2026
- Who owns it
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Junli Yang | 104,067,616 | 0 | 104,067,616 | 0 | SCHEDULE 13D, 2026-07-30 |
| Quantum Leap Limited | 84,067,616 | 0 | 84,067,616 | 0 | SCHEDULE 13D, 2026-07-30 |
The latest filing identifies TOP Financial Group Ltd by CUSIP G989A6102 and gives its principal executive office as 101 Cecil Street, #13-05 Tong Eng Building, Singapore (SCHEDULE 13D, 2026-07-30).
Source of funds (Item 3)
Ms. Yang is a pre-IPO shareholder holding 20,000,000 Class A Ordinary Shares through Zhong Yang Holdings. Ms. Yang is the majority shareholder and sole director of Zhong Yang Holdings and, as such, may be deemed to exercise sole voting and sole dispositive power over these shares. Zhong Yang funded its purchase using working capital. On July 12, 2026, Quantum Leap purchased from certain investors, in privately negotiated transactions, Warrants to purchase an aggregate of 100,000,000 Class A Ordinary Shares, for an aggregate purchase price of US$12,000,000.00.Junli Yang, SCHEDULE 13D, 2026-07-30
Purpose of Transaction (Item 4)
Junli Yang
Ms. Yang is a pre-IPO shareholder of the Issuer holding 20,000,000 Class A Ordinary Shares through Zhong Yang Holdings. Ms. Yang is the majority shareholder and sole director of Zhong Yang Holdings and, as such, may be deemed to exercise sole voting and sole dispositive power over these shares. The Reporting Persons acquired with the intent to exercise control over the Issuer. Quantum Leap, which is wholly owned by Ms. Yang, acquired Warrants to purchase 100,000,000 Class A Ordinary Shares as described in Item 3. On July 19, 2026, Quantum Leap exercised its Warrants in full on a cashless basis pursuant to Section 3(c) of the Warrants, as amended. On July 20, 2026, Quantum Leap received 84,067,616 Class A Ordinary Shares upon the cashless exercise of the Warrants in full, and no Warrants held by Quantum Leap remain outstanding. The Reporting Persons intend to continue actively participating in the Issuer's management and strategic direction. Except as set forth herein, the Reporting Persons do not have any present plans or proposals which relate to or would result in any of the transactions described in paragraphs (a) through (j) of this Item 4.Item 4 of the SCHEDULE 13D filed 2026-07-30
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-07-30 | Junli Yang | 17.1% | SCHEDULE 13D |
Also on the record for TOP Financial Group Ltd
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| October 9, 2026 | Leadership change: Dean Huge appointed, Director, and 2 more | — | Leadership changes | Source |
| September 29, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
| September 21, 2026 | Leadership change: Ka Fai Yuen departs, Director, and 3 more | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.