Vault-13

CNA FINL CORP CNA

COM · Common Stock · CUSIP 126117100

American insurance company

267 institutional holders -1 vs Q1 2025
269,377,979269.4m shares reported held*
99.5% of all shares outstanding*
$12.5bnreported value*
37 new 103 added 85 reduced 41 sold out net bought ≈ $74.4m (+1.6m shares)

* 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 ($4.4m this quarter). Holder counts are more reliable. Shares outstanding: 270.7m as of 2025-07-31, 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 ≈ $46.52. Options: 3 managers hold calls ($45.9k notional), 3 hold puts ($23.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 196Q4 22: 225Q1 23: 215Q2 23: 209Q3 23: 209Q4 23: 225Q1 24: 241Q2 24: 246Q3 24: 278Q4 24: 275Q1 25: 268Q2 25: 267267Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022196
Q4 2022225
Q1 2023215
Q2 2023209
Q3 2023209
Q4 2023225
Q1 2024241
Q2 2024246
Q3 2024278
Q4 2024275
Q1 2025268
Q2 2025267

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 88 bought or addedQ3 23: 104 cut or sold outQ4 23: 111 bought or addedQ4 23: 90 cut or sold outQ4 23Q1 24: 123 bought or addedQ1 24: 95 cut or sold outQ2 24: 124 bought or addedQ2 24: 112 cut or sold outQ2 24Q3 24: 148 bought or addedQ3 24: 98 cut or sold outQ4 24: 140 bought or addedQ4 24: 105 cut or sold outQ4 24Q1 25: 132 bought or addedQ1 25: 109 cut or sold outQ2 25: 140 bought or addedQ2 25: 126 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202388104
Q4 202311190
Q1 202412395
Q2 2024124112
Q3 202414898
Q4 2024140105
Q1 2025132109
Q2 2025140126

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$500k$1m$1.5m$2mQ3 24 calls: $1.7mQ3 24 puts: $371.4kQ3 24P/C 0.22Q4 24 calls: $391.8kQ4 24 puts: $130.6kQ4 24P/C 0.33Q1 25 calls: $365.4kQ1 25 puts: $106.7kQ1 25P/C 0.29Q2 25 calls: $45.9kQ2 25 puts: $23.0kQ2 25P/C 0.50
Numbers
QuarterCallsPutsP/C
Q3 2024$1.7m$371.4k0.22
Q4 2024$391.8k$130.6k0.33
Q1 2025$365.4k$106.7k0.29
Q2 2025$45.9k$23.0k0.50

Biggest buyers

RHUMBLINE ADVISERS Added +422,737+422.7k
NORTHERN TRUST CORP Added +378,604+378.6k
Torray Investment Partners LLC Added +325,695+325.7k
Bank of New York Mellon Corp Added +309,534+309.5k
HSBC HOLDINGS PLC Added +191,214+191.2k
BlackRock, Inc. Added +162,505+162.5k
Russell Investments Group, Ltd. Added +127,223+127.2k
BANK OF AMERICA CORP /DE/ Added +91,992+92.0k
Quantinno Capital Management LP Added +82,427+82.4k
AQR CAPITAL MANAGEMENT LLC Added +80,700+80.7k

Biggest sellers

FIRST TRUST ADVISORS LP Reduced -527,973-528.0k
RAYMOND JAMES FINANCIAL INC Reduced -186,277-186.3k
Alaska Permanent Fund Corp Sold out -158,454-158.5k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -138,240-138.2k
River Road Asset Management, LLC Reduced -98,809-98.8k
LSV ASSET MANAGEMENT Reduced -87,915-87.9k
PGGM Investments Sold out -81,008-81.0k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -66,144-66.1k
Schonfeld Strategic Advisors LLC Sold out -57,200-57.2k
Invesco Ltd. Reduced -40,305-40.3k

Biggest calls

GROUP ONE TRADING LLC Reduced $41.9k900 shares
SIMPLEX TRADING, LLC Reduced $4.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC New $14.0k300 shares
SIMPLEX TRADING, LLC New $9.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Insider purchases and sales in Q2 2025

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)

BuyingSelling
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 2 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 1 sellingQ2 24Q3 24: 0 buyingQ3 24: 4 sellingQ4 24: 0 buyingQ4 24: 1 sellingQ4 24Q1 25: 1 buyingQ1 25: 2 sellingQ2 25: 0 buyingQ2 25: 2 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—2$1.4m—
Q1 20240—0——
Q2 20240—1$1.0m—
Q3 20240—4$2.8m—
Q4 20240—1$1.1m—
Q1 20251$185.6k2$942.7k$305.4k
Q2 20250—2$1.2m$914.4k
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-02 Robusto Dino Executive Chairman, director Sold plan 6,250 $47.63 $297.7k6.2k shares -1%
2025-05-20 James Mark Steven EVP, Chief Risk & Rein Off Sold 5,015 $48.35 $242.5k5.0k shares -16%
2025-05-01 Robusto Dino Executive Chairman, director Sold plan 6,250 $47.61 $297.6k6.2k shares -1%
2025-04-01 Robusto Dino Executive Chairman, director Sold plan 6,250 $51.06 $319.1k6.2k shares -1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Loews Corp 95.89% of their portfolio New York, NY 248,414,738248.4m $11.6bn $11.6bn 95.89% Unchanged
2 AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio Greenwich, CT 2,435,8922.4m $112.8m $112.8m 0.09% Added +80.7k +80,700
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,699,5851.7m $79.1m $79.1m 0.00% Added +162.5k +162,505
4 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,499,7711.5m $69.8m $69.8m 0.01% Added +309.5k +309,534
5 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 1,027,8151.0m $47.8m $47.8m 0.04% Reduced -528.0k -527,973
6 River Road Asset Management, LLC 0.50% of their portfolio LOUISVILLE, KY 881,726881.7k $39.1m $39.1m 0.50% Reduced -98.8k -98,809
7 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 871,505871.5k $40.6m $40.6m 0.01% Added +8.8k +8,815
8 LSV ASSET MANAGEMENT 0.09% of their portfolio CHICAGO, IL 870,392870.4k $40.5m $40.5m 0.09% Reduced -87.9k -87,915
9 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 696,408696.4k $32.4m $32.4m 0.00% Added +378.6k +378,604
10 CORDA Investment Management, LLC. 2.34% of their portfolio HOUSTON, TX 684,838684.8k $31.9m $31.9m 2.34% Added +18.9k +18,856
11 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 544,693544.7k $25.3m $25.3m 0.00% Reduced -12.0k -12,002
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 513,431513.4k $23.9m $23.9m 0.00% Added +68.8k +68,793
13 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 495,860495.9k $23.1m $23.1m 0.02% Added +422.7k +422,737
14 Torray Investment Partners LLC 2.86% of their portfolio Bethesda, MD 422,918422.9k $19.7m $19.7m 2.86% Added +325.7k +325,695
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 403,623403.6k $18.8m $18.8m 0.00% Added +64.6k +64,611
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 399,574399.6k $18.6m $18.6m 0.00% Reduced -27.7k -27,673
17 JACOBS LEVY EQUITY MANAGEMENT, INC 0.07% of their portfolio FLORHAM PARK, NJ 387,150387.1k $18.0m $18.0m 0.07% Added +67.0k +67,044
18 NORGES BANK 0.00% of their portfolio OSLO, Q8 371,068371.1k $17.3m $17.3m 0.00% Added +21.9k +21,901
19 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 330,161330.2k $15.4m $15.4m 0.00% Reduced -3.9k -3,863
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 320,016320.0k $14.9m $14.9m 0.00% Reduced -32.0k -31,981
21 Gotham Asset Management, LLC 0.08% of their portfolio NEW YORK, NY 298,238298.2k $13.9m $13.9m 0.08% Added +80.2k +80,220
22 ALTRINSIC GLOBAL ADVISORS LLC 0.47% of their portfolio Stamford, CT 280,013280.0k $13.0m $13.0m 0.47% Reduced -951 -951
23 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 260,143260.1k $12.0m $12.0m 0.01% Added +191.2k +191,214
24 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 214,575214.6k $10.0m $10.0m 0.01% Added +127.2k +127,223
25 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 185,303185.3k $8.6m $8.6m 0.01% Reduced -138.2k -138,240
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 183,649183.6k $8.5m $8.5m 0.00% Added +92.0k +91,992
27 Cyndeo Wealth Partners, LLC 0.43% of their portfolio ST. PETERSBURG, FL 155,909155.9k $7.3m $7.3m 0.43% Added +10.2k +10,209
28 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 155,101155.1k $7.2m $7.2m 0.01% Added +14.0k +13,998
29 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 151,792151.8k $7.1m $7.1m 0.03% Added +82.4k +82,427
30 Patrick Mauro Investment Advisor, INC. 3.73% of their portfolio OAK BROOK, IL 145,703145.7k $6.6m $6.6m 3.73% Added +17.0k +17,048
31 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 144,831144.8k $6.7m $6.7m 0.00% Added +120 +120
32 Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio VANCOUVER, A1 141,730141.7k $6.6m $6.6m 0.02% Added +47.9k +47,890
33 MARTINGALE ASSET MANAGEMENT L P 0.14% of their portfolio BOSTON, MA 125,829125.8k $5.9m $5.9m 0.14% Reduced -13.5k -13,500
34 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 122,229122.2k $5.7m $5.7m 0.01% Added +510 +510
35 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 121,702121.7k $5.7m $5.7m 0.01% Reduced -11.6k -11,598
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 120,960121.0k $5.6m $5.6m 0.00% Added +77.6k +77,568
37 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 118,836118.8k $5.5m $5.5m 0.00% Reduced -5.0k -5,028
38 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 96,80896.8k $4.5m $4.5m 0.00% Added +33.1k +33,063
39 IEQ CAPITAL, LLC 0.03% of their portfolio Foster City, CA 87,99488.0k $4.1m $4.1m 0.03% Reduced -24.1k -24,148
40 Capula Management Ltd 0.05% of their portfolio Grand Cayman, E9 87,93887.9k $4.1m $4.1m 0.05% Added +68.0k +68,032
41 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 87,39887.4k $4.1m $4.1m 0.00% Reduced -40.3k -40,305
42 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 80,45780.5k $3.7m $3.7m 0.01% Reduced -26.2k -26,188
43 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 80,16580.2k $3.7m $3.7m 0.00% New
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 78,67878.7k $3.7m $3.7m 0.00% Reduced -186.3k -186,277
45 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 76,50076.5k $3.6m $3.6m 0.00% Added +42.2k +42,200
46 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 74,15274.2k $3.5m $3.5m 0.01% Added +67.8k +67,801
47 TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio STAMFORD, CT 72,91672.9k $3.4m $3.4m 0.03% Added +65.5k +65,518
48 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 67,76667.8k $3.2m $3.2m 0.01% Added +6.4k +6,379
49 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 63,91663.9k $3.0m $3.0m 0.01% Added +8.3k +8,267
50 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 63,70563.7k $3.0m $3.0m 0.00% Added +3.1k +3,065
51 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 57,09457.1k $2.7m $2.7m 0.00% Added +234 +234
52 TWINBEECH CAPITAL LP 0.06% of their portfolio PURCHASE, NY 54,64154.6k $2.5m $2.5m 0.06% New
53 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 50,80750.8k $2.4m $2.4m 0.01% New
54 Lighthouse Investment Partners, LLC 0.09% of their portfolio Palm Beach Gardens, FL 45,64145.6k $2.1m $2.1m 0.09% New
55 Aquatic Capital Management LLC 0.04% of their portfolio CHICAGO, IL 41,08741.1k $1.9m $1.9m 0.04% Reduced -4.3k -4,285
56 Hudson Portfolio Management LLC 1.76% of their portfolio Garrison, NY 40,50540.5k $1.9m $1.9m 1.76% Reduced -200 -200
57 Bridgewater Associates, LP 0.01% of their portfolio Westport, CT 36,06636.1k $1.7m $1.7m 0.01% Reduced -8.4k -8,429
58 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 35,42735.4k $1.6m $1.6m 0.00% Reduced -4.9k -4,860
59 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 35,01435.0k $1.6m $1.6m 0.00% Added +4.3k +4,333
60 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 33,44033.4k $1.6m $1.6m 0.01% Reduced -208 -208
61 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 33,00633.0k $1.5m $1.5m 0.00% Added +10.8k +10,843
62 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 32,75232.8k $1.5m $1.5m 0.00% Added +253 +253
63 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 31,49131.5k $1.5m $1.5m 0.00% Reduced -4.9k -4,905
64 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 30,77730.8k $1.4m $1.4m 0.00% Added +16.5k +16,464
65 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 30,27930.3k $1.4m $1.4m 0.00% Added +25.0k +25,006
66 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 29,83929.8k $1.4m $1.4m 0.00% Reduced -1.9k -1,884
67 NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio ST. LOUIS, MO 28,84528.8k $1.3m $1.3m 0.01% Reduced -9.3k -9,275
68 GSA CAPITAL PARTNERS LLP 0.09% of their portfolio LONDON, X0 28,11528.1k $1.3m $1.3m 0.09% Added +983 +983
69 AlphaQuest LLC 0.12% of their portfolio New York, NY 27,27927.3k $1.3m $1.3m 0.12% Reduced -31.9k -31,904
70 OCCUDO QUANTITATIVE STRATEGIES LP 0.14% of their portfolio FORT LAUDERDALE, FL 27,07527.1k $1.3m $1.3m 0.14% Reduced -5.4k -5,421
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 26,84526.8k $1.2m $1.2m 0.00% Reduced -1.1k -1,089
72 Uncommon Cents Investing LLC 0.33% of their portfolio JANESVILLE, WI 26,58026.6k $1.2m $1.2m 0.33% Added +1.6k +1,558
73 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 26,50026.5k $1.2m $1.2m 0.00% Added +2.2k +2,202
74 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 26,47526.5k $1.2m $1.2m 0.02% Added +11.9k +11,931
75 Illinois Municipal Retirement Fund 0.02% of their portfolio OAK BROOK, IL 25,99826.0k $1.2m $1.2m 0.02% Added +1.3k +1,346
76 Ethic Inc. 0.02% of their portfolio NEW YORK, NY 25,98326.0k $1.2m $1.2m 0.02% Added +1.1k +1,133
77 SlateStone Wealth, LLC 0.11% of their portfolio JUPITER, FL 25,96126.0k $1.2m $1.2m 0.11% Added +2.6k +2,641
78 Graham Capital Management, L.P. 0.04% of their portfolio ROWAYTON, CT 25,66025.7k $1.2m $1.2m 0.04% New
79 APG Asset Management N.V. 0.00% of their portfolio Amsterdam, P7 25,50025.5k $1.0m $1.0m 0.00% Reduced -100 -100
80 CWM, LLC 0.00% of their portfolio OMAHA, NE 25,45125.5k $1.2m $1.2m 0.00% Reduced -6.8k -6,839
81 Pacifica Capital Investments, LLC 0.35% of their portfolio LEANDER, TX 25,31925.3k $1.2m $1.2m 0.35% Added +1.7k +1,675
82 Legal & General Group Plc 0.00% of their portfolio London, X0 25,17225.2k $1.2m $1.2m 0.00% Reduced -11.6k -11,594
83 NINE MASTS CAPITAL Ltd 0.45% of their portfolio CENTRAL, K3 24,79024.8k $1.2m $1.2m 0.45% New
84 Mariner, LLC 0.00% of their portfolio Overland Park, KS 23,51223.5k $1.1m $1.1m 0.00% Added +2.5k +2,498
85 Mork Capital Management, LLC 0.80% of their portfolio HEALDSBURG, CA 23,51023.5k $1.1m $1.1m 0.80% Unchanged
86 BURNEY CO/ 0.04% of their portfolio RESTON, VA 23,48123.5k $1.1m $1.1m 0.04% Added +2.0k +1,969
87 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 23,44023.4k $1.1m $1.1m 0.00% Reduced -2.3k -2,304
88 CAXTON ASSOCIATES LLP 0.03% of their portfolio LONDON, X0 22,84022.8k $1.1m $1.1m 0.03% Unchanged
89 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 22,29822.3k $1.0m $1.0m 0.01% Added +4.4k +4,354
90 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 22,02122.0k $1.0m $1.0m 0.00% Reduced -54 -54
91 Machina Capital S.A.S. 0.21% of their portfolio PARIS, I0 21,81121.8k $1.0m $1.0m 0.21% Added +13.1k +13,139
92 Board of the Pension Protection Fund 1.08% of their portfolio CROYDON, X0 21,50021.5k $1.0m $1.0m 1.08% New
93 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 20,85920.9k $970.6k $970.6k 0.00% Reduced -830 -830
94 GREENWOOD CAPITAL ASSOCIATES LLC 0.12% of their portfolio GREENWOOD, SC 20,57420.6k $957.3k $957.3k 0.12% Reduced -438 -438
95 Blue Capital, Inc. 0.66% of their portfolio OMAHA, NE 20,00020.0k $930.6k $930.6k 0.66% First filing
96 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 19,93919.9k $927.8k $927.8k 0.00% Unchanged
97 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 19,90019.9k $926.0k $926.0k 0.00% Reduced -20.5k -20,495
98 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 19,70019.7k $916.6k $916.6k 0.00% Added +2.0k +2,043
99 Ballentine Partners, LLC 0.01% of their portfolio Waltham, MA 18,98919.0k $883.6k $883.6k 0.01% Added +3 +3
100 BRANDES INVESTMENT PARTNERS, LP 0.01% of their portfolio LA JOLLA, CA 18,26418.3k $849.8k $849.8k 0.01% Added +666 +666