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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
WA
426
WPG Advisers
Maryland
$4.54K – – –
MLA
427
MB, Levis & Associates
Pennsylvania
$4.54K +$4.29K +25 New
STB
428
S&T Bank
Pennsylvania
$4.36K +$2.91K +17 +243%
CIAM
429
Caitong International Asset Management
Hong Kong
$4.36K +$4.11K +24 New
WTC
430
WhitTier Trust Company
Nevada
$4.23K -$1.2K -7 -23%
HWP
431
Highline Wealth Partners
California
$3.81K – – –
FFO
432
Fortitude Family Office
Arizona
$3.81K +$514 +3 +17%
CSPIA
433
Cary Street Partners Investment Advisory
Virginia
$3.81K +$686 +4 +24%
GWSG
434
GPS Wealth Strategies Group
Colorado
$3.29K -$3.09K -18 -50%
PWMG
435
Prestige Wealth Management Group
New Jersey
$2.54K – – –
HI
436
Harbour Investments
Wisconsin
$2.54K +$1.54K +9 +180%
FHC
437
First Horizon Corporation
Tennessee
$2.54K +$2.4K +14 New
PWMG
438
Private Wealth Management Group
New Jersey
$2.36K – – –
AGWCA
439
Annis Gardner Whiting Capital Advisors
Florida
$2.18K – – –
LFG
440
Larson Financial Group
Missouri
$2K +$857 +5 +83%
SWM
441
Spire Wealth Management
Virginia
$1.82K – – –
RWM
442
Rialto Wealth Management
New York
$1.27K +$171 +1 +17%
DPW
443
DiNuzzo Private Wealth
Pennsylvania
$1.22K – – –
BGAI
444
Bruce G. Allen Investments
Colorado
$1.09K – – –
CCM
445
Cloud Capital Management
Washington
$1K +$1.71K +10 New
SC
446
SouthState Corp
Florida
$909 – – –
BI
447
Binnacle Investments
Iowa
$908 – – –
BFS
448
Bare Financial Services
Pennsylvania
$908 +$857 +5 New
CFD
449
Creative Financial Designs
Indiana
$727 – – –
BHWM
450
Bay Harbor Wealth Management
Maryland
$726 +$171 +1 +33%
16 17
18
19 20

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.