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First Hawaiian
FHB

319 hedge funds and large institutions have $3.31B invested in First Hawaiian in 2025 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 122 increasing their positions, 107 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

190% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 20

14% more repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 107

12% more funds holding

Funds holding: 284 → 319 (+35)

6% more capital invested

Capital invested by funds: $3.12B → $3.31B (+$192M)

5.04% more ownership

Funds ownership: 100.72% → 105.76% (+5%)

83% less call options, than puts

Call options by funds: $3K | Put options by funds: $18K

Holders
319
Holders Change
+35
Holders Change %
+12.32%
% of All Funds
3.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
58
Increased
122
Reduced
107
Closed
20
Calls
$3K
Puts
$18K
Net Calls
-$15K
Net Calls Change
-$15K

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$37.7M
2
UBS Group
UBS Group
Switzerland
+$17.9M
3
QCM
Quantinno Capital Management
New York
+$14.7M
4
Goldman Sachs
Goldman Sachs
New York
+$13.4M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$12.1M

Top Sellers

1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$48.3M
2
AllianceBernstein
AllianceBernstein
Tennessee
-$36.2M
3
Kayne Anderson Rudnick Investment Management
Kayne Anderson Rudnick Investment Management
California
-$24.1M
4
JP Morgan Chase
JP Morgan Chase
New York
-$18M
5
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$11.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
ECM
126
Evergreen Capital Management
Washington
$1.04M -$132K -5,304 -11%
New York State Teachers Retirement System (NYSTRS)
127
New York State Teachers Retirement System (NYSTRS)
New York
$1.04M +$262K +10,543 +35%
OCM
128
Olstein Capital Management
New York
$1.01M -$149K -6,000 -13%
ACM
129
Aquatic Capital Management
Illinois
$1.01M -$92.5K -3,722 -9%
WAM
130
Weiss Asset Management
Massachusetts
$1.01M +$989K +39,767 New
Ohio Public Employees Retirement System (OPERS)
131
Ohio Public Employees Retirement System (OPERS)
Ohio
$999K -$52.3K -2,105 -5%
Commonwealth Equity Services
132
Commonwealth Equity Services
Massachusetts
$997K -$20.2K -811 -2%
AB
133
Amalgamated Bank
New York
$996K +$43.4K +1,746 +5%
VRS
134
Virginia Retirement Systems
Virginia
$979K +$962K +38,700 New
YCM
135
Yousif Capital Management
Michigan
$886K -$126K -5,076 -13%
FDCDDQ
136
Federation des caisses Desjardins du Quebec
Quebec, Canada
$878K -$302K -12,167 -26%
BNP Paribas Financial Markets
137
BNP Paribas Financial Markets
France
$876K -$123K -4,940 -12%
ASRS
138
Arizona State Retirement System
Arizona
$874K -$66.4K -2,672 -7%
SIA
139
SkyView Investment Advisors
New Jersey
$828K +$7.68K +309 +1%
SIM
140
SummerHaven Investment Management
Connecticut
$821K – – –
CFG
141
CKW Financial Group
Hawaii
$815K -$9.94K -400 -1%
Handelsbanken Fonder
142
Handelsbanken Fonder
Sweden
$812K – – –
TRSOTSOK
143
Teachers Retirement System of the State of Kentucky
Kentucky
$795K -$108K -4,332 -12%
COPPSERS
144
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$775K -$27.6K -1,110 -3%
State of Tennessee, Department of Treasury
145
State of Tennessee, Department of Treasury
Tennessee
$771K -$57K -2,294 -7%
RPGK
146
Retirement Planning Group (Kansas)
Kansas
$737K +$75 +3 +0%
OPERF
147
Oregon Public Employees Retirement Fund
Oregon
$716K +$4.97K +200 +0.7%
TWC
148
TD Waterhouse Canada
Ontario, Canada
$711K -$172K -6,919 -20%
Janney Montgomery Scott
149
Janney Montgomery Scott
Pennsylvania
$699K -$15.4K -620 -2%
KK
150
KLP Kapitalforvaltning
Norway
$673K – – –
4 5
6
7 8

FHB Hedge Fund Activity: Q4 2025 in Review

319 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Hawaiian (FHB) for Q4 2025, worth a combined $3.31B — up 6.2% from $3.12B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new FHB positions and 20 closed out — a net gain of 38 holders — while 122 added to existing stakes and 107 trimmed.

The largest buyer was AQR Capital Management, adding an estimated $37.7M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $48.3M.

  • 319 institutional investors held First Hawaiian (FHB) as of Q4 2025, up from 284 in Q3 2025.
  • Funds reported $3.31B of First Hawaiian stock for Q4 2025, up 6.2% quarter-over-quarter.
  • 58 funds opened new First Hawaiian positions in Q4 2025 and 20 closed out, a net change of +38 holders.
  • The largest First Hawaiian buyer in Q4 2025 was AQR Capital Management, an estimated $37.7M added.
  • The largest First Hawaiian seller in Q4 2025 was Manulife (Manufacturers Life Insurance), an estimated $48.3M sold.

Based on aggregated 13F filings for Q4 2025.