CNA Financial
266 hedge funds and large institutions have $13.6B invested in CNA Financial in 2025 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 105 increasing their positions, 76 reducing their positions, and 36 closing their positions.
241% more call options, than puts
Call options by funds: $365K | Put options by funds: $107K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
38% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 76
5% more capital invested
Capital invested by funds: $13B → $13.6B (+$631M)
0.13% more ownership
Funds ownership: 99.02% → 99.14% (+0.13%)
8% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 36
3% less funds holding
Funds holding: 274 → 266 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$28.5M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$20.3M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$15.6M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$3.36M |
| 5 |
Morgan Stanley
New York
|
+$3.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
-$25.1M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
-$14.9M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
-$12.4M |
| 4 |
Millennium Management
New York
|
-$7.03M |
| 5 |
Axa
Paris,
France
|
-$6.03M |
CNA Hedge Fund Activity: Q1 2025 in Review
266 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in CNA Financial (CNA) for Q1 2025, worth a combined $13.6B — up 4.9% from $13B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of CNA and 33 opened new positions — a net loss of 3 holders — while 76 trimmed existing stakes and 105 added.
The largest buyer was Charles Schwab, adding an estimated $28.5M. The largest seller was Donald Smith & Co, cutting an estimated $25.1M.
- 266 institutional investors held CNA Financial (CNA) as of Q1 2025, down from 274 in Q4 2024.
- Funds reported $13.6B of CNA Financial stock for Q1 2025, up 4.9% quarter-over-quarter.
- 33 funds opened new CNA Financial positions in Q1 2025 and 36 closed out, a net change of -3 holders.
- The largest CNA Financial buyer in Q1 2025 was Charles Schwab, an estimated $28.5M added.
- The largest CNA Financial seller in Q1 2025 was Donald Smith & Co, an estimated $25.1M sold.
Based on aggregated 13F filings for Q1 2025.