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Truist Financial
TFC

1,308 hedge funds and large institutions have $29.2B invested in Truist Financial in 2023 Q2 according to their latest regulatory filings, with 94 funds opening new positions, 519 increasing their positions, 543 reducing their positions, and 170 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more call options, than puts

Call options by funds: $253M | Put options by funds: $185M

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

0.92% less ownership

Funds ownership: 73.25% → 72.33% (-0.92%)

4% less repeat investments, than reductions

Existing positions increased: 519 | Existing positions reduced: 543

6% less funds holding

Funds holding: 1,395 → 1,308 (-87)

12% less capital invested

Capital invested by funds: $33.1B → $29.2B (-$3.86B)

45% less first-time investments, than exits

New positions opened: 94 | Existing positions closed: 170

Holders
1,308
Holders Change
-87
Holders Change %
-6.24%
% of All Funds
20.53%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
94
Increased
519
Reduced
543
Closed
170
Calls
$253M
Puts
$185M
Net Calls
+$68.2M
Net Calls Change
+$3M

Top Buyers

Rank Fund Capital Flow
1
Dodge & Cox
Dodge & Cox
California
+$310M
2
Jane Street
Jane Street
New York
+$228M
3
Harris Associates
Harris Associates
Illinois
+$148M
4
Bank of America
Bank of America
North Carolina
+$116M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$112M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$605M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$386M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$143M
4
BG
Bahl & Gaynor
Ohio
-$119M
5
Neuberger Berman Group
Neuberger Berman Group
New York
-$118M
Name Holding Trade Value Shares
Change 		Change in
Stake
HSBC Holdings
51
HSBC Holdings
United Kingdom
$90.4M +$4.3M +138,328 +5%
HighTower Advisors
52
HighTower Advisors
Illinois
$89.2M +$8.17M +263,185 +10%
Envestnet Asset Management
53
Envestnet Asset Management
Illinois
$86.3M -$5.18M -166,874 -6%
National Pension Service
54
National Pension Service
South Korea
$82.6M +$17.1M +551,069 +26%
RhumbLine Advisers
55
RhumbLine Advisers
Massachusetts
$79.8M +$955K +30,747 +1%
APG Asset Management
56
APG Asset Management
Netherlands
$79M -$32.9M -1,059,593 -27%
Jennison Associates
57
Jennison Associates
New York
$76.8M +$12.4M +399,139 +19%
California Public Employees Retirement System
58
California Public Employees Retirement System
California
$75.4M -$4.31M -138,902 -5%
CS
59
Credit Suisse
Switzerland
$75.1M +$2.13M +68,572 +3%
LPL Financial
60
LPL Financial
California
$71.5M +$12.9M +414,813 +21%
Bessemer Group
61
Bessemer Group
New Jersey
$69.2M +$329K +10,578 +0.5%
California State Teachers Retirement System (CalSTRS)
62
California State Teachers Retirement System (CalSTRS)
California
$67.3M -$1.42M -45,735 -2%
Sanders Capital
63
Sanders Capital
Florida
$66M -$3.52M -113,490 -5%
New York State Common Retirement Fund
64
New York State Common Retirement Fund
New York
$60.5M -$3.19M -102,817 -5%
Qube Research & Technologies (QRT)
65
Qube Research & Technologies (QRT)
United Kingdom
$59.5M +$54M +1,739,394 +790%
AllianceBernstein
66
AllianceBernstein
Tennessee
$57.7M +$5.42M +174,657 +10%
EIC
67
Equity Investment Corp
Georgia
$57M +$2.47M +79,651 +4%
Millennium Management
68
Millennium Management
New York
$56.9M +$48.6M +1,564,007 +502%
LSV Asset Management
69
LSV Asset Management
Illinois
$54.6M +$4.65M +149,800 +9%
Manulife (Manufacturers Life Insurance)
70
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$53M -$1.42M -45,617 -3%
GAM
71
Goldentree Asset Management
New York
$52.1M +$53.3M +1,715,274 New
Nordea Investment Management
72
Nordea Investment Management
Sweden
$51M -$1.21M -38,807 -2%
VOYA Investment Management
73
VOYA Investment Management
Georgia
$49.2M -$15M -483,422 -23%
PNC Financial Services Group
74
PNC Financial Services Group
Pennsylvania
$48.8M -$43.8M -1,410,931 -47%
LBA
75
Letko, Brosseau & Associates
Quebec, Canada
$48.3M +$12.2M +393,550 +33%
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TFC Hedge Fund Activity: Q2 2023 in Review

1,308 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Truist Financial (TFC) for Q2 2023, worth a combined $29.2B — down 12% from $33.1B a quarter earlier.

Sellers outnumbered buyers: 170 funds closed out of TFC and 94 opened new positions — a net loss of 76 holders — while 543 trimmed existing stakes and 519 added.

The largest buyer was Dodge & Cox, adding an estimated $310M. The largest seller was JP Morgan Chase, cutting an estimated $605M.

  • 1,308 institutional investors held Truist Financial (TFC) as of Q2 2023, down from 1,395 in Q1 2023.
  • Funds reported $29.2B of Truist Financial stock for Q2 2023, down 12% quarter-over-quarter.
  • 94 funds opened new Truist Financial positions in Q2 2023 and 170 closed out, a net change of -76 holders.
  • The largest Truist Financial buyer in Q2 2023 was Dodge & Cox, an estimated $310M added.
  • The largest Truist Financial seller in Q2 2023 was JP Morgan Chase, an estimated $605M sold.

Based on aggregated 13F filings for Q2 2023.