First American
367 hedge funds and large institutions have $5.01B invested in First American in 2023 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 114 increasing their positions, 135 reducing their positions, and 35 closing their positions.
176% more call options, than puts
Call options by funds: $2.12M | Put options by funds: $768K
46% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 35
4% more funds holding
Funds holding: 352 → 367 (+15)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
2% less capital invested
Capital invested by funds: $5.1B → $5.01B (-$93.3M)
1% less ownership
Funds ownership: 86.89% → 85.88% (-1%)
16% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$54.2M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$45.1M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$28.4M |
| 4 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
+$14.4M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$150M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$32.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$19.9M |
| 4 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
-$15M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$12.9M |
FAF Hedge Fund Activity: Q3 2023 in Review
367 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q3 2023, worth a combined $5.01B — down 1.8% from $5.1B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new FAF positions and 35 closed out — a net gain of 16 holders — while 114 added to existing stakes and 135 trimmed.
The largest buyer was Millennium Management, adding an estimated $54.2M. The largest seller was HG Vora Capital Management, cutting an estimated $150M.
- 367 institutional investors held First American (FAF) as of Q3 2023, up from 352 in Q2 2023.
- Funds reported $5.01B of First American stock for Q3 2023, down 1.8% quarter-over-quarter.
- 51 funds opened new First American positions in Q3 2023 and 35 closed out, a net change of +16 holders.
- The largest First American buyer in Q3 2023 was Millennium Management, an estimated $54.2M added.
- The largest First American seller in Q3 2023 was HG Vora Capital Management, an estimated $150M sold.
Based on aggregated 13F filings for Q3 2023.