Global X discloses 10.16% Titan Machinery stake (NASDAQ: TITN)

Rhea-AI Filing Summary

Titan Machinery Inc. ownership disclosure: Global X Management Company LLC reports beneficial ownership of 2,368,361 shares of common stock, representing 10.16% of the class as shown on the cover page dated 05/31/2026. The filing states GXMC has sole voting and dispositive power over these shares.

The filing notes that certain investment companies managed by GXMC, including the Global X U.S. Infrastructure Development ETF, have rights to dividends or sale proceeds and that the ETF's interest relates to more than 5% of the class. The amendment is signed by GXMC's CEO.

Insights

Institutional Ownership Analyst

Large passive stake disclosure: GXMC holds 2,368,361 shares (10.16%) of TITN as of 05/31/2026.

GXMC reports sole voting and dispositive power over 2,368,361 shares, equal to 10.16% of the outstanding class. The form is an amended Schedule 13G, consistent with passive or investment-company reporting.

Investor impact depends on GXMC-managed funds' trading decisions; the filing also identifies the Global X U.S. Infrastructure Development ETF as holding > 5%. Subsequent filings would show any changes.

Corporate Governance Specialist

This amendment documents an institutional investor exceeding the 5% reporting threshold and clarifies beneficiary relationships.

The disclosure specifies that certain GXMC-managed investment companies have rights to dividends or sale proceeds, and one named ETF holds over 5%. The statement aligns with Investment Company Act reporting norms.

Material governance implications hinge on whether holdings are active or passive; the Schedule 13G/A framework suggests passive intent but does not state voting plans.

Key Figures

Filing date on cover: 05/31/2026 Shares beneficially owned: 2,368,361 shares Percent of class: 10.16% +3 more

6 metrics

Filing date on cover 05/31/2026 cover page date

Shares beneficially owned 2,368,361 shares Amount reported as beneficially owned by GXMC

Percent of class 10.16% Percent of common stock reported

ETF >5% Greater than 5% Global X U.S. Infrastructure Development ETF interest

Sole voting power 2,368,361 shares Number with sole power to vote

Signature date 06/05/2026 Date signed by GXMC CEO Ryan O'Connor

Key Terms

Schedule 13G/A, Beneficial ownership, Investment Company Act of 1940

3 terms

Schedule 13G/A regulatory

"Amendment No. 2 ) Titan Machinery Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership regulatory

"Amount beneficially owned: The information in items 1 and 5 through 11"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Investment Company Act of 1940 regulatory

"investment company registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does Global X Management (TITN) report?

Global X Management reports beneficial ownership of 2,368,361 shares, representing 10.16% of Titan Machinery's common stock as shown on the cover page dated 05/31/2026. The filing lists sole voting and dispositive power over those shares.

Does the filing name any funds that benefit from these shares?

Yes. The filing identifies certain GXMC-managed investment companies and states the Global X U.S. Infrastructure Development ETF has an interest relating to more than 5% of the class and may receive dividends or sale proceeds.

What voting and disposition powers does GXMC report?

GXMC reports sole voting power of 2,368,361 shares and sole dispositive power of 2,368,361 shares, with no shared voting or dispositive power indicated in the filing.

What form was filed and who signed the amendment?

An amended Schedule 13G (SCHEDULE 13G/A, Amendment No. 2) was filed, and the amendment is signed by Ryan O'Connor, Chief Executive Officer of Global X Management Company LLC on 06/05/2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Titan Machinery Inc.

(Name of Issuer)

Common Stock, $0.00001 par value per share

(Title of Class of Securities)

88830R101

(CUSIP Number)

05/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 88830R101

1

Names of Reporting Persons

Global X Management CO LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,368,361.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,368,361.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,368,361.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.16 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Titan Machinery Inc.
(b)	Address of issuer's principal executive offices: 644 East Beaton Drive, West Fargo, North Dakota, 58078
Item 2.
(a)	Name of person filing: Global X Management Company LLC ("GXMC")
(b)	Address or principal business office or, if none, residence: 605 3rd Avenue, 43rd Floor New York, NY 10158
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock, $0.00001 par value per share
(e)	CUSIP No.: 88830R101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information in items 1 and 5 through 11 on the cover page (p. 2) on Schedule 13G is hereby incorporated by reference.
(b)	Percent of class: 10.16 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,368,361
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,368,361
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Certain investment companies registered under Section 8 of the Investment Company Act of 1940 managed by GXMC have the right to receive any dividends from, or the proceeds from the sale of, the securities reported herein. Such interest of Global X U.S. Infrastructure Development ETF relates to more than 5 percent of the class of securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Global X Management CO LLC

Signature:	/s/ Ryan O'Connor
Name/Title:	Ryan O'Connor, Chief Executive Officer
Date:	06/05/2026