First American
FAF
457 hedge funds and large institutions have $5.77B invested in First American in 2025 Q4 according to their latest regulatory filings, with 69 funds opening new positions, 154 increasing their positions, 152 reducing their positions, and 48 closing their positions.
44% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 48
3.1% more ownership
Funds ownership: 88.97% → 92.08% (+3.1%)
3% more funds holding
Funds holding: 445 → 457 (+12)
1% more repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 152
1% less capital invested
Capital invested by funds: $5.82B → $5.77B (-$53.2M)
17% less call options, than puts
Call options by funds: $848K | Put options by funds: $1.03M
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$64.4M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$30.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$30M |
| 4 |
DAM
Davis Asset Management
Sausalito,
California
|
+$25.1M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$24.9M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$22M |
| 3 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$20.5M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$20.3M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$13.6M |
FAF Hedge Fund Activity: Q4 2025 in Review
457 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q4 2025, worth a combined $5.77B — down 0.92% from $5.82B a quarter earlier.
Buyers outnumbered sellers: 69 funds opened new FAF positions and 48 closed out — a net gain of 21 holders — while 154 added to existing stakes and 152 trimmed.
The largest buyer was Manning & Napier Advisors, opening a new position worth an estimated $64.4M. The largest seller was Macquarie Group, exiting entirely with an estimated $24.9M sold.
- 457 institutional investors held First American (FAF) as of Q4 2025, up from 445 in Q3 2025.
- Funds reported $5.77B of First American stock for Q4 2025, down 0.92% quarter-over-quarter.
- 69 funds opened new First American positions in Q4 2025 and 48 closed out, a net change of +21 holders.
- The largest First American buyer in Q4 2025 was Manning & Napier Advisors, an estimated $64.4M added.
- The largest First American seller in Q4 2025 was Macquarie Group, an estimated $24.9M sold.
Based on aggregated 13F filings for Q4 2025.