First Horizon
232 hedge funds and large institutions have $2.4B invested in First Horizon in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 80 increasing their positions, 85 reducing their positions, and 36 closing their positions.
793% more call options, than puts
Call options by funds: $1.64M | Put options by funds: $184K
6% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 85
4.38% less ownership
Funds ownership: 83.45% → 79.08% (-4.4%)
7% less funds holding
Funds holding: 249 → 232 (-17)
15% less capital invested
Capital invested by funds: $2.83B → $2.4B (-$429M)
47% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 36
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$23.4M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
+$20.8M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$12.3M |
| 4 |
BCM
Basswood Capital Management
New York
|
+$10.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$9.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$51.9M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$37.7M |
| 3 |
Bank of New York Mellon
New York
|
-$34.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$30.3M |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
-$29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VFA
251
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$9K | -621 | Closed |
|
|
PHK
252
Point72 Hong Kong
Hong Kong
| – | -$1K | -100 | Closed |
|
|
LWA
253
Lenox Wealth Advisors
New York
| – | -$1K | -72 | Closed |
|
|
KFA
254
Kelleher Financial Advisors
New York
| – | +$255 | +20 | New |
|
|
WA
255
Winfield Associates
Cleveland,
Ohio
| – | +$382 | +30 | New |
|
256
Nordea Investment Management
Stockholm,
Sweden
| – | +$2.33M | +182,824 | New |
|
FHN Hedge Fund Activity: Q1 2016 in Review
232 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First Horizon (FHN) for Q1 2016, worth a combined $2.4B — down 15% from $2.83B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FHN and 19 opened new positions — a net loss of 17 holders — while 85 trimmed existing stakes and 80 added.
The largest buyer was Invesco, adding an estimated $23.4M. The largest seller was Goldman Sachs, cutting an estimated $51.9M.
- 232 institutional investors held First Horizon (FHN) as of Q1 2016, down from 249 in Q4 2015.
- Funds reported $2.4B of First Horizon stock for Q1 2016, down 15% quarter-over-quarter.
- 19 funds opened new First Horizon positions in Q1 2016 and 36 closed out, a net change of -17 holders.
- The largest First Horizon buyer in Q1 2016 was Invesco, an estimated $23.4M added.
- The largest First Horizon seller in Q1 2016 was Goldman Sachs, an estimated $51.9M sold.
Based on aggregated 13F filings for Q1 2016.