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First American
FAF

400 hedge funds and large institutions have $4.78B invested in First American in 2020 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 122 increasing their positions, 149 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more funds holding in top 10

Funds holding in top 10: 4 → 7 (+3)

41% more call options, than puts

Call options by funds: $11.5M | Put options by funds: $8.2M

18% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 50

2% more funds holding

Funds holding: 393 → 400 (+7)

4% more capital invested

Capital invested by funds: $4.62B → $4.78B (+$162M)

2.03% less ownership

Funds ownership: 86.35% → 84.31% (-2%)

18% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 149

Holders
400
Holders Change
+7
Holders Change %
+1.78%
% of All Funds
8.07%
Holding in Top 10
7
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+75%
% of All Funds
0.14%
New
59
Increased
122
Reduced
149
Closed
50
Calls
$11.5M
Puts
$8.2M
Net Calls
+$3.35M
Net Calls Change
+$4.65M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$36.5M
2
VNIM
Vaughan Nelson Investment Management
Texas
+$31.6M
3
BlackRock
BlackRock
New York
+$30.3M
4
YCMGA
York Capital Management Global Advisors
New York
+$27.7M
5
Parnassus Investments
Parnassus Investments
California
+$25.9M

Top Sellers

1
First Trust Advisors
First Trust Advisors
Illinois
-$46.9M
2
JCAM
Jericho Capital Asset Management
New York
-$37.7M
3
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$29.5M
4
CCMG
Clark Capital Management Group
Pennsylvania
-$24M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$23.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
76
Basswood Capital Management
New York
$9.75M +$2.96M +57,099 +42%
SRFM
77
Shannon River Fund Management
New York
$9.71M -$2.86M -55,180 -22%
California State Teachers Retirement System (CalSTRS)
78
California State Teachers Retirement System (CalSTRS)
California
$9.66M +$204K +3,938 +2%
American Century Companies
79
American Century Companies
Missouri
$9.6M +$9.49M +183,290 +3,419%
JAM
80
Jacobs Asset Management
New York
$9.16M +$3.54M +68,341 +61%
New York State Teachers Retirement System (NYSTRS)
81
New York State Teachers Retirement System (NYSTRS)
New York
$8.92M -$570K -11,000 -6%
Bank of Nova Scotia
82
Bank of Nova Scotia
Ontario, Canada
$7.78M +$2.74M +52,900 +53%
DJSG
83
D.J. St. Germain
Massachusetts
$7.7M +$280K +5,404 +4%
HAI
84
Hennessy Advisors Inc
California
$7.68M -$513K -9,900 -6%
State Board of Administration of Florida Retirement System
85
State Board of Administration of Florida Retirement System
Florida
$7.65M -$524K -10,121 -6%
CCM
86
Channing Capital Management
Illinois
$7.58M +$129K +2,494 +2%
CSS
87
Cubist Systematic Strategies
Connecticut
$7.54M +$1.2M +23,161 +19%
Ensign Peak Advisors
88
Ensign Peak Advisors
Utah
$7.45M +$727K +14,040 +11%
Morgan Stanley
89
Morgan Stanley
New York
$7.41M -$145K -2,793 -2%
ECM
90
ExodusPoint Capital Management
New York
$7.38M +$1.02M +19,618 +16%
SCM
91
SKBA Capital Management
California
$7.32M +$7.44M +143,700 New
State of Tennessee, Department of Treasury
92
State of Tennessee, Department of Treasury
Tennessee
$7.2M +$3.63M +70,000 +98%
SDIC
93
South Dakota Investment Council
South Dakota
$6.59M -$48.2K -930 -0.7%
Envestnet Asset Management
94
Envestnet Asset Management
Illinois
$6.5M +$2.06M +39,783 +45%
WC
95
Walthausen & Co
New York
$6.36M +$1.17M +22,566 +22%
William Blair Investment Management
96
William Blair Investment Management
Illinois
$6.34M +$537K +10,373 +9%
KCM
97
Kennedy Capital Management
Missouri
$6.33M +$3.84M +74,084 +148%
AACP
98
Advantage Alpha Capital Partners
California
$5.98M +$397K +7,660 +7%
PC
99
PhiloSmith Capital
Connecticut
$5.82M – – –
CS
100
Credit Suisse
Switzerland
$5.82M -$183K -3,539 -3%
2 3
4
5 6

FAF Hedge Fund Activity: Q3 2020 in Review

400 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q3 2020, worth a combined $4.78B — up 3.5% from $4.62B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new FAF positions and 50 closed out — a net gain of 9 holders — while 122 added to existing stakes and 149 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $36.5M. The largest seller was First Trust Advisors, cutting an estimated $46.9M.

  • 400 institutional investors held First American (FAF) as of Q3 2020, up from 393 in Q2 2020.
  • Funds reported $4.78B of First American stock for Q3 2020, up 3.5% quarter-over-quarter.
  • 59 funds opened new First American positions in Q3 2020 and 50 closed out, a net change of +9 holders.
  • The largest First American buyer in Q3 2020 was Goldman Sachs, an estimated $36.5M added.
  • The largest First American seller in Q3 2020 was First Trust Advisors, an estimated $46.9M sold.

Based on aggregated 13F filings for Q3 2020.