BRIGHTHOUSE FINL INC BHF
COM · Common Stock · CUSIP 10922N103 · ISIN US10922N1037
American financial services company
- SectorFinancials
- IndustryLife Insurance
- HeadquartersCharlotte, NC
- Websitebrighthousefinancial.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.8m this quarter). Holder counts are more reliable. Shares outstanding: 57.4m as of 2026-05-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $59.96. Options: 17 managers hold calls ($72.0m notional), 20 hold puts ($97.6m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 412 |
| Q4 2022 | 428 |
| Q1 2023 | 416 |
| Q2 2023 | 411 |
| Q3 2023 | 406 |
| Q4 2023 | 431 |
| Q1 2024 | 427 |
| Q2 2024 | 429 |
| Q3 2024 | 416 |
| Q4 2024 | 410 |
| Q1 2025 | 439 |
| Q2 2025 | 448 |
| Q3 2025 | 435 |
| Q4 2025 | 458 |
| Q1 2026 | 467 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 129 | 198 |
| Q3 2024 | 130 | 187 |
| Q4 2024 | 137 | 182 |
| Q1 2025 | 175 | 162 |
| Q2 2025 | 180 | 193 |
| Q3 2025 | 164 | 209 |
| Q4 2025 | 193 | 200 |
| Q1 2026 | 185 | 163 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $89.3m | $158.5m | 1.77 |
| Q3 2025 | $191.7m | $275.3m | 1.44 |
| Q4 2025 | $67.0m | $54.7m | 0.82 |
| Q1 2026 | $72.0m | $97.6m | 1.36 |
Biggest buyers
| UBS Group AG | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +959.2k |
| GLAZER CAPITAL, LLC | Added | +644.2k |
| Calamos Advisors LLC | New | +391.8k |
| Balyasny Asset Management L.P. | New | +365.1k |
| GOLDMAN SACHS GROUP INC | Added | +355.8k |
| AQR Arbitrage LLC | Added | +283.6k |
| M3F, Inc. | New | +280.0k |
| FRANKLIN RESOURCES INC | Added | +270.7k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +252.0k |
Biggest sellers
| HBK INVESTMENTS L P | Reduced | -1.9m |
| FMR LLC | Reduced | -729.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -499.3k |
| Nuveen, LLC | Reduced | -481.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -441.7k |
| FIRST TRUST ADVISORS LP | Reduced | -383.6k |
| JPMORGAN CHASE & CO | Reduced | -329.3k |
| BANK OF NOVA SCOTIA | Sold out | -215.2k |
| Qube Research & Technologies Ltd | Reduced | -203.5k |
| SG Americas Securities, LLC | Reduced | -203.2k |
Biggest calls
| Walleye Trading LLC | Added | $20.7m346.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $18.5m309.2k shares |
| CITADEL ADVISORS LLC | Added | $8.2m136.4k shares |
| SUMMIT SECURITIES GROUP LLC | New | $4.8m80.5k shares |
| Capula Management Ltd | Not comparable | $4.2m70.8k shares |
| GROUP ONE TRADING LLC | Reduced | $3.1m52.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.6m44.1k shares |
| Point72 Asset Management, L.P. | Unchanged | $2.1m35.8k shares |
| IMC-Chicago, LLC | Added | $2.0m33.8k shares |
| Caption Management, LLC | New | $1.8m30.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $34.0m567.1k shares |
| Caption Management, LLC | New | $17.1m285.7k shares |
| Walleye Trading LLC | Added | $7.0m116.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $6.4m106.7k shares |
| CITADEL ADVISORS LLC | Added | $5.0m83.6k shares |
| Centiva Capital, LP | Reduced | $4.8m80.3k shares |
| SUMMIT SECURITIES GROUP LLC | New | $4.4m73.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $3.9m64.4k shares |
| EQUITEC PROPRIETARY MARKETS, LLC | Added | $3.1m52.6k shares |
| Governors Lane LP | New | $2.6m43.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2026-07-14 | 6.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 1 | $108.0k | 5 | $2.1m | $2.1m |
| Q3 2024 | 0 | — | 5 | $2.4m | $2.4m |
| Q4 2024 | 0 | — | 5 | $3.0m | $3.0m |
| Q1 2025 | 0 | — | 4 | $2.8m | $2.8m |
| Q2 2025 | 0 | — | 3 | $2.1m | $2.1m |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 5.3m $315.7m | Reduced -89.7k |
| UBS Group AG 0.04% of their portfolio | 3.7m $223.6m | Added +1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 3.6m $212.9m | Added +60.8k |
| DME Capital Management, LP 5.33% of their portfolio | 2.8m $170.2m | Added +50.0k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 2.6m $155.2m | Added +251.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.6m $153.9m | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.5m $149.6m | First filing |
| GLAZER CAPITAL, LLC 3.04% of their portfolio | 2.4m $143.2m | Added +644.2k |
| STATE STREET CORP 0.00% of their portfolio | 1.9m $116.1m | Reduced -34.0k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.5m $91.4m | Added +959.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $77.1m | Added +22.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $65.9m | Added +29.7k |
| AQR Arbitrage LLC 0.84% of their portfolio | 849.8k $50.9m | Added +283.6k |
| SOROS FUND MANAGEMENT LLC 0.70% of their portfolio | 846.8k $50.7m | Added +72.5k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 833.5k $54.0m | Added +231.7k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 773.3k $46.3m | Added +270.7k |
| CITIGROUP INC 0.03% of their portfolio | 683.4k $40.9m | Added +216.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 654.0k $39.2m | Added +355.8k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio | 642.8k $38.5m | Added +252.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 598.9k $35.9m | Added +21.7k |
| NEXPOINT ASSET MANAGEMENT, L.P. 2.41% of their portfolio | 576.5k $34.5m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 567.2k $34.0m | Added +60.5k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 542.7k $32.7m | Reduced -122.0k |
| Kryger Capital LLC 2.13% of their portfolio | 502.7k $30.1m | First filing |
| ALPINE ASSOCIATES MANAGEMENT INC. 1.60% of their portfolio | 453.9k $27.2m | Added +81.3k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.67% of their portfolio | 438.4k $26.3m | Added +163.0k |
| Invesco Ltd. 0.00% of their portfolio | 415.0k $24.9m | Reduced -12.3k |
| Calamos Advisors LLC 0.09% of their portfolio | 391.8k $23.5m | New |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 365.1k $21.9m | New |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 356.1k $21.3m | First filing |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 355.6k $21.3m | Reduced -383.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 354.7k $21.2m | Reduced -2.9k |
| ODDO BHF ASSET MANAGEMENT SAS 0.80% of their portfolio | 340.0k $20.4m | Not comparable |
| PRELUDE CAPITAL MANAGEMENT, LLC 1.40% of their portfolio | 305.5k $18.3m | Reduced -9.9k |
| Jefferies Financial Group Inc. 0.22% of their portfolio | 304.7k $18.2m | Reduced -9.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 284.2k $17.0m | Reduced -141.2k |
| M3F, Inc. 4.16% of their portfolio | 280.0k $16.8m | New |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 215.1k $12.9m | Added +67.0k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 214.0k $12.8m | Added +548 |
| Squarepoint Ops LLC 0.03% of their portfolio | 212.8k $12.7m | Reduced -168.1k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 202.5k $12.1m | New |
| HBK INVESTMENTS L P 0.15% of their portfolio | 200.0k $12.0m | Reduced -1.9m |
| GRACE & WHITE INC /NY 1.98% of their portfolio | 187.6k $11.2m | Unchanged |
| Quantinno Capital Management LP 0.02% of their portfolio | 187.0k $11.2m | Added +48.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 181.5k $10.9m | Reduced -329.3k |
| Groupe la Francaise 0.15% of their portfolio | 180.9k $10.8m | Added +47.4k |
| SYQUANT CAPITAL SAS 1.59% of their portfolio | 169.9k $10.2m | Added +86.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 169.2k $10.1m | Reduced -59.7k |
| Gotham Asset Management, LLC 0.03% of their portfolio | 161.0k $9.6m | Reduced -5.5k |
| MUFG Securities EMEA plc 0.14% of their portfolio | 158.0k $9.5m | New |
| MARSHALL WACE, LLP 0.01% of their portfolio | 156.2k $9.4m | Added +130.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 148.5k $8.9m | Added +2.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 146.5k $8.8m | Reduced -1.9k |
| HENNESSY ADVISORS INC 0.32% of their portfolio | 145.8k $8.7m | Reduced -5.1k |
| WINTON GROUP Ltd 0.30% of their portfolio | 143.7k $8.6m | Reduced -23.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 138.3k $8.3m | Reduced -203.2k |
| CREDIT INDUSTRIEL ET COMMERCIAL 1.31% of their portfolio | 137.3k $8.2m | Reduced -17.9k |
| Athos Capital Ltd 2.40% of their portfolio | 130.0k $7.8m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 127.6k $7.6m | Added +4.7k |
| Tidal Investments LLC 0.02% of their portfolio | 124.8k $7.5m | Added +52.8k |
| Amundi 0.00% of their portfolio | 123.3k $7.4m | Added +120.2k |
| Brevan Howard Capital Management LP 0.07% of their portfolio | 120.8k $7.2m | Added +115.2k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 118.9k $7.1m | Reduced -203.5k |
| Swiss National Bank 0.00% of their portfolio | 113.1k $6.8m | Added +400 |
| LSV ASSET MANAGEMENT 0.01% of their portfolio | 106.6k $6.4m | Unchanged |
| Retirement Systems of Alabama 0.02% of their portfolio | 102.6k $6.1m | Added +34.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 102.6k $6.1m | Reduced -441.7k |
| Nuveen, LLC 0.00% of their portfolio | 97.0k $5.8m | Reduced -481.9k |
| ADAR1 Capital Management, LLC 0.34% of their portfolio | 95.5k $5.7m | Unchanged |
| GARDNER LEWIS ASSET MANAGEMENT L P 1.18% of their portfolio | 91.0k $5.4m | Unchanged |
| KESTREL INVESTMENT MANAGEMENT CORP 3.23% of their portfolio | 90.4k $5.4m | Reduced -800 |
| Legal & General Group Plc 0.00% of their portfolio | 83.0k $5.0m | Reduced -13.8k |
| Centiva Capital, LP 0.23% of their portfolio | 81.9k $4.9m | Added +11.4k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 78.1k $4.7m | Added +19.2k |
| NATIXIS 0.02% of their portfolio | 76.0k $4.5m | Reduced -112.4k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.17% of their portfolio | 75.9k $4.5m | New |
| Verition Fund Management LLC 0.04% of their portfolio | 71.7k $4.3m | Reduced -194.8k |
| NINE MASTS CAPITAL Ltd 0.65% of their portfolio | 70.8k $4.2m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 69.6k $4.2m | Added +14.1k |
| Kapitalo Investimentos Ltda 0.76% of their portfolio | 67.4k $4.0m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 65.9k $3.9m | Added +7.6k |
| BARCLAYS PLC 0.00% of their portfolio | 64.8k $3.9m | Added +6.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 61.5k $3.7m | Reduced -6.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 61.4k $3.7m | Added +17.2k |
| New York Life Investment Management LLC 0.03% of their portfolio | 60.7k $3.6m | Added +14.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 59.2k $3.5m | Added +49.5k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 58.8k $3.5m | Added +2.0k |
| HRT FINANCIAL LP 0.01% of their portfolio | 58.1k $3.5m | Added +43.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 57.9k $3.5m | Reduced -1.8k |
| MANGROVE PARTNERS IM, LLC 0.27% of their portfolio | 56.1k $3.4m | New |
| Skandinaviska Enskilda Banken AB (publ) 0.08% of their portfolio | 55.0k $3.3m | Added +45.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 51.4k $3.1m | Added +3.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 51.3k $3.1m | First filing |
| Alberta Investment Management Corp 0.02% of their portfolio | 50.0k $3.0m | Unchanged |
| Yakira Capital Management, Inc. 0.86% of their portfolio | 49.3k $2.9m | Reduced -504 |
| Westchester Capital Management, LLC 0.14% of their portfolio | 49.1k $2.9m | Added +14.7k |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.42% of their portfolio | 47.5k $2.8m | Unchanged |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 46.8k $2.8m | Reduced -26.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 46.1k $2.8m | Reduced -13.5k |
| WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio | 45.5k $2.7m | Added +800 |