Fidelity National Financial
FNF
797 hedge funds and large institutions have $14.2B invested in Fidelity National Financial in 2025 Q1 according to their latest regulatory filings, with 135 funds opening new positions, 260 increasing their positions, 265 reducing their positions, and 49 closing their positions.
176% more first-time investments, than exits
New positions opened: 135 | Existing positions closed: 49
167% more funds holding in top 10
Funds holding in top 10: 3 → 8 (+5)
34% more call options, than puts
Call options by funds: $15M | Put options by funds: $11.2M
14% more capital invested
Capital invested by funds: $12.4B → $14.2B (+$1.79B)
11% more funds holding
Funds holding: 721 → 797 (+76)
2% less repeat investments, than reductions
Existing positions increased: 260 | Existing positions reduced: 265
1.32% less ownership
Funds ownership: 80.81% → 79.49% (-1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$109M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$49.5M |
| 3 |
Charles Schwab
San Francisco,
California
|
+$35.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$32.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWA
Brave Warrior Advisors
New York
|
-$147M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$83.9M |
| 3 |
BlackRock
New York
|
-$77.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$75.4M |
| 5 |
WPL
WINDACRE PARTNERSHIP LLC
Houston,
Texas
|
-$74.1M |
FNF Hedge Fund Activity: Q1 2025 in Review
797 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Fidelity National Financial (FNF) for Q1 2025, worth a combined $14.2B — up 14% from $12.4B a quarter earlier.
Buyers outnumbered sellers: 135 funds opened new FNF positions and 49 closed out — a net gain of 86 holders — while 260 added to existing stakes and 265 trimmed.
The largest buyer was Millennium Management, adding an estimated $109M. The largest seller was Brave Warrior Advisors, cutting an estimated $147M.
- 797 institutional investors held Fidelity National Financial (FNF) as of Q1 2025, up from 721 in Q4 2024.
- Funds reported $14.2B of Fidelity National Financial stock for Q1 2025, up 14% quarter-over-quarter.
- 135 funds opened new Fidelity National Financial positions in Q1 2025 and 49 closed out, a net change of +86 holders.
- The largest Fidelity National Financial buyer in Q1 2025 was Millennium Management, an estimated $109M added.
- The largest Fidelity National Financial seller in Q1 2025 was Brave Warrior Advisors, an estimated $147M sold.
Based on aggregated 13F filings for Q1 2025.