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Hanover Insurance
THG

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
459
Holders Change
+27
Holders Change %
+6.25%
% of All Funds
6.02%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
66
Increased
173
Reduced
143
Closed
35
Calls
$5.94M
Puts
$10.1M
Net Calls
-$4.2M
Net Calls Change
-$4.24M

Top Buyers

1
AQR Capital Management
AQR Capital Management
Connecticut
+$35.9M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$33.7M
3
Invesco
Invesco
Georgia
+$28.4M
4
First Trust Advisors
First Trust Advisors
Illinois
+$24.3M
5
William Blair Investment Management
William Blair Investment Management
Illinois
+$24M

Top Sellers

1
Franklin Resources
Franklin Resources
California
-$89.5M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$61.7M
3
Victory Capital Management
Victory Capital Management
Texas
-$22.6M
4
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$21.2M
5
Allspring Global Investments
Allspring Global Investments
North Carolina
-$21.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
326
Savant Capital
Illinois
$233K +$220K +1,283 New
SFG
327
Sovereign Financial Group
Connecticut
$229K – – –
LNWWM
328
Laird Norton Wetherby Wealth Management
California
$228K -$686 -4 -0.3%
NAM
329
NorthCrest Asset Manangement
Minnesota
$226K +$210K +1,226 New
S
330
SignatureFD
Georgia
$226K +$5.14K +30 +2%
BC
331
Burney Company
Virginia
$219K +$207K +1,207 New
JIC
332
Johnson Investment Counsel
Ohio
$219K – – –
CAG
333
Crestwood Advisors Group
Massachusetts
$218K +$206K +1,200 New
EF
334
Empowered Funds
Pennsylvania
$217K +$205K +1,195 New
CB
335
Commerce Bank
Missouri
$213K +$201K +1,175 New
CIBC Asset Management
336
CIBC Asset Management
Ontario, Canada
$211K +$199K +1,163 New
LF
337
Lantz Financial
Illinois
$208K +$197K +1,147 New
KBC Group
338
KBC Group
Belgium
$208K +$30.9K +180 +19%
CCM
339
Coldstream Capital Management
Washington
$205K +$193K +1,127 New
GS
340
GTS Securities
New York
$203K +$192K +1,120 New
IRC
341
Investors Research Corp
Georgia
$200K – – –
TRCT
342
Tower Research Capital (TRC)
New York
$194K -$18.2K -106 -9%
SAM
343
Shell Asset Management
Netherlands
$192K -$247K -1,442 -58%
Rockefeller Capital Management
344
Rockefeller Capital Management
New York
$191K +$180K +1,050 New
RIL
345
Rothschild Investment LLC
Illinois
$175K +$164K +956 +13,657%
AF
346
Allworth Financial
California
$157K +$27.6K +161 +23%
SO
347
STRS Ohio
Ohio
$155K -$2.99M -17,458 -95%
AUB
348
Atlantic Union Bankshares
Virginia
$149K +$141K +820 New
EWA
349
EverSource Wealth Advisors
Alabama
$147K +$14.6K +85 +12%
ASN
350
Advisory Services Network
Georgia
$146K +$138K +806 New
12 13
14
15 16

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.