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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
GWM
351
Geneos Wealth Management
Colorado
$137K +$2.57K +15 +2%
QL
352
Quarry LP
New York
$131K +$44.7K +261 +57%
GI
353
GAMMA Investing
California
$122K +$23.3K +136 +25%
HNB
354
Huntington National Bank
Ohio
$121K +$14.6K +85 +15%
Jones Financial Companies
355
Jones Financial Companies
Missouri
$111K -$9.77K -57 -8%
IWA
356
Icon Wealth Advisors
Texas
$107K +$101K +590 New
NS
357
NBC Securities
Alabama
$102K – – –
OP
358
ORG Partners
Indiana
$102K – – –
Bessemer Group
359
Bessemer Group
New Jersey
$97K +$42.7K +249 +88%
UB
360
UMB Bank
Missouri
$90.8K +$5.49K +32 +7%
FFA
361
Farther Finance Advisors
California
$89.7K +$1.03K +6 +1%
EP
362
Essential Partners
California
$86.3K +$30.9K +180 +61%
MEG
363
Millstone Evans Group
Colorado
$79.7K – – –
HWA
364
Heritage Wealth Advisors
Virginia
$78.1K – – –
JFGIW
365
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$77.7K +$73.4K +428 New
DB
366
Danske Bank
Denmark
$72.7K – – –
QC
367
Quent Capital
New York
$68.7K +$64.8K +378 New
TWD
368
True Wealth Design
Ohio
$67.4K +$7.37K +43 +13%
VCM
369
Versant Capital Management
Arizona
$65.9K +$9.77K +57 +19%
CI Investments Inc
370
CI Investments Inc
Ontario, Canada
$59K -$36.2K -211 -39%
FP
371
Financial Perspectives
Minnesota
$58.1K – – –
Nomura Asset Management
372
Nomura Asset Management
Japan
$58.1K – – –
PFBT
373
Parkside Financial Bank & Trust
Missouri
$42.9K – – –
AFWM
374
Abich Financial Wealth Management
Virginia
$42.7K +$40.3K +235 New
1IA
375
1620 Investment Advisors
Massachusetts
$42.1K -$343 -2 -0.9%
13 14
15
16 17

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.