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First Horizon
FHN

580 hedge funds and large institutions have $9.7B invested in First Horizon in 2025 Q3 according to their latest regulatory filings, with 75 funds opening new positions, 196 increasing their positions, 188 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

388% more call options, than puts

Call options by funds: $220M | Put options by funds: $45.1M

70% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 44

5% more funds holding

Funds holding: 555 → 580 (+25)

4% more repeat investments, than reductions

Existing positions increased: 196 | Existing positions reduced: 188

4% more capital invested

Capital invested by funds: $9.31B → $9.7B (+$393M)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

2.04% less ownership

Funds ownership: 86.5% → 84.47% (-2%)

Holders
580
Holders Change
+25
Holders Change %
+4.5%
% of All Funds
7.61%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
75
Increased
196
Reduced
188
Closed
44
Calls
$220M
Puts
$45.1M
Net Calls
+$175M
Net Calls Change
+$151M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$120M
2
BlackRock
BlackRock
New York
+$50M
3
JAM
Jupiter Asset Management
United Kingdom
+$48.3M
4
Barclays
Barclays
United Kingdom
+$38.8M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$35.7M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$181M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$99M
3
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$54.5M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$44.7M
5
Amundi
Amundi
France
-$30.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fisher Asset Management
51
Fisher Asset Management
Washington
$24.6M +$4.2M +189,145 +21%
TRSOTSOK
52
Teachers Retirement System of the State of Kentucky
Kentucky
$23.9M – – –
Swiss National Bank
53
Swiss National Bank
Switzerland
$22.2M +$28.9K +1,300 +0.1%
California Public Employees Retirement System
54
California Public Employees Retirement System
California
$22M +$1.82M +82,086 +9%
First Trust Advisors
55
First Trust Advisors
Illinois
$21.9M -$3.07M -138,198 -12%
AU
56
Algebris (UK)
United Kingdom
$21.8M -$26.3M -1,184,178 -55%
Legal & General Group
57
Legal & General Group
United Kingdom
$20.1M -$1.72M -77,393 -8%
Renaissance Technologies
58
Renaissance Technologies
New York
$19.1M +$6.69M +300,911 +55%
PMG
59
Private Management Group
California
$15.5M -$274K -12,312 -2%
Wells Fargo
60
Wells Fargo
California
$15M +$706K +31,753 +5%
SSA
61
Schonfeld Strategic Advisors
New York
$14.2M +$12.4M +559,974 +814%
HCM
62
Huber Capital Management
California
$13.9M – – –
Hudson Bay Capital Management
63
Hudson Bay Capital Management
Connecticut
$13.8M +$13.6M +609,981 New
CSS
64
Cubist Systematic Strategies
Connecticut
$12.7M +$12.5M +562,895 New
Ameriprise
65
Ameriprise
Minnesota
$11.9M -$448K -20,145 -4%
New York State Teachers Retirement System (NYSTRS)
66
New York State Teachers Retirement System (NYSTRS)
New York
$11.6M -$806K -36,271 -7%
PFC
67
Phocas Financial Corp
California
$11.5M +$231K +10,400 +2%
SEI Investments
68
SEI Investments
Pennsylvania
$11.5M +$972K +43,726 +9%
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
$11.4M -$3.69M -165,876 -25%
ECM
70
ExodusPoint Capital Management
New York
$11.4M +$11.2M +502,041 New
Diamond Hill Capital Management
71
Diamond Hill Capital Management
Ohio
$11.2M +$228K +10,260 +2%
AG
72
Algert Global
California
$11M +$1.64M +73,840 +18%
Rafferty Asset Management
73
Rafferty Asset Management
New York
$10.8M -$1.91M -85,883 -15%
California State Teachers Retirement System (CalSTRS)
74
California State Teachers Retirement System (CalSTRS)
California
$10.8M -$366K -16,456 -3%
TI
75
Trexquant Investment
Connecticut
$10.7M +$6.51M +293,177 +161%
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FHN Hedge Fund Activity: Q3 2025 in Review

580 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in First Horizon (FHN) for Q3 2025, worth a combined $9.7B — up 4.2% from $9.31B a quarter earlier.

Buyers outnumbered sellers: 75 funds opened new FHN positions and 44 closed out — a net gain of 31 holders — while 196 added to existing stakes and 188 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $120M. The largest seller was Millennium Management, cutting an estimated $181M.

  • 580 institutional investors held First Horizon (FHN) as of Q3 2025, up from 555 in Q2 2025.
  • Funds reported $9.7B of First Horizon stock for Q3 2025, up 4.2% quarter-over-quarter.
  • 75 funds opened new First Horizon positions in Q3 2025 and 44 closed out, a net change of +31 holders.
  • The largest First Horizon buyer in Q3 2025 was Citadel Advisors, an estimated $120M added.
  • The largest First Horizon seller in Q3 2025 was Millennium Management, an estimated $181M sold.

Based on aggregated 13F filings for Q3 2025.