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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
BlackRock
1
BlackRock
New York
$1.35B +$50M +2,248,874 +4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.14B -$7.1M -319,507 -0.6%
Bank of New York Mellon
3
Bank of New York Mellon
New York
$733M -$25.9M -1,166,810 -3%
State Street
4
State Street
Massachusetts
$449M -$20.3M -914,732 -4%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$375M -$99M -4,454,171 -21%
UBS AM
6
UBS AM
Illinois
$326M -$22.1M -996,060 -6%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$326M -$28M -1,259,255 -8%
LSV Asset Management
8
LSV Asset Management
Illinois
$288M -$16.2M -730,600 -5%
NRCM
9
North Reef Capital Management
California
$280M -$4.56M -205,000 -2%
Citadel Advisors
10
Citadel Advisors
Florida
$250M +$120M +5,402,364 +96%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$206M +$3.85M +173,280 +2%
Invesco
12
Invesco
Georgia
$172M +$13.2M +595,869 +8%
Balyasny Asset Management
13
Balyasny Asset Management
Illinois
$167M -$44.7M -2,012,817 -21%
Millennium Management
14
Millennium Management
New York
$144M -$181M -8,141,103 -56%
JP Morgan Chase
15
JP Morgan Chase
New York
$126M -$25.8M -1,162,294 -17%
UBS Group
16
UBS Group
Switzerland
$123M -$7.31M -328,938 -6%
ClearBridge Investments
17
ClearBridge Investments
New York
$120M -$2.83M -127,220 -2%
William Blair Investment Management
18
William Blair Investment Management
Illinois
$118M +$32.4M +1,456,820 +39%
Fidelity International
19
Fidelity International
Bermuda
$114M +$1.07M +48,331 +1%
FGP
20
Freestone Grove Partners
California
$108M +$21.5M +967,219 +25%
Morgan Stanley
21
Morgan Stanley
New York
$107M -$3.6M -161,790 -3%
Northern Trust
22
Northern Trust
Illinois
$103M -$1.21M -54,625 -1%
Raymond James Financial
23
Raymond James Financial
Florida
$86.8M +$229K +10,302 +0.3%
SC
24
Sculptor Capital
New York
$86.4M -$15.1M -679,000 -15%
Alyeska Investment Group
25
Alyeska Investment Group
Illinois
$78.7M -$54.5M -2,451,885 -41%
1
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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.