Hanover Insurance
459 hedge funds and large institutions have $5.7B invested in Hanover Insurance in 2025 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 173 increasing their positions, 143 reducing their positions, and 35 closing their positions.
89% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 35
21% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 143
6% more funds holding
Funds holding: 432 → 459 (+27)
4% more capital invested
Capital invested by funds: $5.48B → $5.7B (+$219M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2.13% less ownership
Funds ownership: 89.84% → 87.71% (-2.1%)
41% less call options, than puts
Call options by funds: $5.94M | Put options by funds: $10.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$35.9M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$33.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$28.4M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$24.3M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
+$24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$89.5M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$61.7M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$22.6M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$21.2M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$21.2M |
THG Hedge Fund Activity: Q3 2025 in Review
459 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Hanover Insurance (THG) for Q3 2025, worth a combined $5.7B — up 4% from $5.48B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new THG positions and 35 closed out — a net gain of 31 holders — while 173 added to existing stakes and 143 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $35.9M. The largest seller was Franklin Resources, cutting an estimated $89.5M.
- 459 institutional investors held Hanover Insurance (THG) as of Q3 2025, up from 432 in Q2 2025.
- Funds reported $5.7B of Hanover Insurance stock for Q3 2025, up 4% quarter-over-quarter.
- 66 funds opened new Hanover Insurance positions in Q3 2025 and 35 closed out, a net change of +31 holders.
- The largest Hanover Insurance buyer in Q3 2025 was AQR Capital Management, an estimated $35.9M added.
- The largest Hanover Insurance seller in Q3 2025 was Franklin Resources, an estimated $89.5M sold.
Based on aggregated 13F filings for Q3 2025.