First American
FAF
386 hedge funds and large institutions have $5.96B invested in First American in 2023 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 111 increasing their positions, 146 reducing their positions, and 44 closing their positions.
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
52% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 44
19% more capital invested
Capital invested by funds: $5.01B → $5.96B (+$956M)
5% more funds holding
Funds holding: 367 → 386 (+19)
3.83% more ownership
Funds ownership: 85.88% → 89.71% (+3.8%)
22% less call options, than puts
Call options by funds: $2.54M | Put options by funds: $3.23M
24% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 146
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$62.8M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$42.8M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$35.6M |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$24.8M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$24.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
-$37.5M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$28.5M |
| 3 |
LCM
Lakewood Capital Management
New York
|
-$18.6M |
| 4 |
Millennium Management
New York
|
-$11M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$9.58M |
FAF Hedge Fund Activity: Q4 2023 in Review
386 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q4 2023, worth a combined $5.96B — up 19% from $5.01B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new FAF positions and 44 closed out — a net gain of 23 holders — while 111 added to existing stakes and 146 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $62.8M. The largest seller was LSV Asset Management, cutting an estimated $37.5M.
- 386 institutional investors held First American (FAF) as of Q4 2023, up from 367 in Q3 2023.
- Funds reported $5.96B of First American stock for Q4 2023, up 19% quarter-over-quarter.
- 67 funds opened new First American positions in Q4 2023 and 44 closed out, a net change of +23 holders.
- The largest First American buyer in Q4 2023 was Morgan Stanley, an estimated $62.8M added.
- The largest First American seller in Q4 2023 was LSV Asset Management, an estimated $37.5M sold.
Based on aggregated 13F filings for Q4 2023.