FIRST AMERN FINL CORP FAF
COM · Common Stock · CUSIP 31847R102 · ISIN US31847R1023
- SectorFinancials
- IndustryTitle Insurance
- HeadquartersSanta Ana, CA
- 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 ($9.4m this quarter). Holder counts are more reliable. Shares outstanding: 103.1m as of 2023-02-08, 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 ≈ $52.34. Options: 5 managers hold calls ($3.8m notional), 6 hold puts ($3.0m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 367 |
| Q4 2022 | 367 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $746.0k | $1.3m | 1.80 |
| Q4 2022 | $3.8m | $3.0m | 0.79 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | New | +1.1m |
| FMR LLC | Added | +625.1k |
| DEPRINCE RACE & ZOLLO INC | New | +576.1k |
| Select Equity Group, L.P. | New | +566.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +411.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +315.7k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | New | +313.0k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +211.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +196.2k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +178.2k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -526.7k |
| JANUS HENDERSON GROUP PLC | Reduced | -419.7k |
| VANGUARD GROUP INC | Reduced | -354.0k |
| Amundi | Reduced | -286.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Sold out | -260.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -257.3k |
| NOMURA HOLDINGS INC | Reduced | -235.0k |
| Cubist Systematic Strategies, LLC | Reduced | -195.6k |
| MACQUARIE GROUP LTD | Reduced | -136.2k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -129.8k |
Biggest calls
| Parallax Volatility Advisers, L.P. | New | $2.4m45.2k shares |
| CITADEL ADVISORS LLC | Added | $853.1k16.3k shares |
| PEAK6 Investments LLC | Added | $429.2k8.2k shares |
| SIMPLEX TRADING, LLC | Added | $109.0k2.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $1.2m23.5k shares |
| PEAK6 Investments LLC | Added | $984.0k18.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $392.9k7.5k shares |
| JANE STREET GROUP, LLC | New | $329.7k6.3k shares |
| SIMPLEX TRADING, LLC | Added | $47.0k900 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.
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 |
|---|---|
| FMR LLC 13G · institution +3.1 pts · filed 2025-08-06 | 9.0% |
| Boston Partners 13G · institution new · filed 2025-08-11 | 5.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
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 |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $2.0m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 1 | $2.3m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 10.2m $535.7m | Reduced -354.0k |
| HG Vora Capital Management, LLC 22.26% of their portfolio | 10.0m $523.4m | Unchanged |
| BlackRock Inc. 0.02% of their portfolio | 9.6m $500.4m | Added +70.6k |
| FMR LLC 0.04% of their portfolio | 7.0m $368.6m | Added +625.1k |
| ARIEL INVESTMENTS, LLC 2.14% of their portfolio | 4.0m $210.3m | Reduced -114.2k |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $168.6m | Added +114.4k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.7m $143.4m | Added +315.7k |
| LSV ASSET MANAGEMENT 0.30% of their portfolio | 2.6m $137.2m | Added +105.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.6m $137.0m | Added +196.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio | 1.6m $81.7m | Added +211.7k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $73.4m | Added +41.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.4m $73.1m | Reduced -257.3k |
| ANCHOR CAPITAL ADVISORS LLC 1.73% of their portfolio | 1.3m $67.3m | Reduced -35.5k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 1.2m $61.9m | Reduced -136.2k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 5.31% of their portfolio | 1.1m $59.6m | Added +25.0k |
| PERRY CREEK CAPITAL LP 17.30% of their portfolio | 1.1m $59.2m | Unchanged |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 1.1m $57.8m | New |
| Polar Capital Holdings Plc 0.44% of their portfolio | 1.1m $55.0m | Unchanged |
| NORGES BANK 0.01% of their portfolio | 1.0m $53.2m | Added +17.0k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 967.4k $50.7m | Added +103.4k |
| MORGAN STANLEY 0.01% of their portfolio | 955.9k $50.0m | Added +11.7k |
| CITIGROUP INC 0.06% of their portfolio | 857.5k $44.9m | Reduced -58.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 853.2k $44.7m | Reduced -21.5k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 813.6k $42.5m | Reduced -129.8k |
| Fisher Asset Management, LLC 0.03% of their portfolio | 759.6k $39.8m | Reduced -34.6k |
| NOMURA HOLDINGS INC 0.38% of their portfolio | 714.6k $37.4m | Reduced -235.0k |
| PICTET ASSET MANAGEMENT SA 0.05% of their portfolio | 712.5k $37.3m | Reduced -25.9k |
| Invesco Ltd. 0.01% of their portfolio | 669.4k $35.0m | Added +147.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.44% of their portfolio | 650.5k $34.0m | Reduced -7.0k |
| Ensemble Capital Management, LLC 3.29% of their portfolio | 605.7k $31.7m | Reduced -4.7k |
| DEPRINCE RACE & ZOLLO INC 0.69% of their portfolio | 576.1k $30.2m | New |
| Select Equity Group, L.P. 0.12% of their portfolio | 566.1k $29.6m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio | 454.4k $23.8m | Added +411.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 443.2k $23.2m | Reduced -62.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 405.8k $21.2m | Added +19 |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 389.8k $20.4m | Added +178.2k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 369.2k $19.3m | Added +16.6k |
| FIRST AMERICAN TRUST, FSB 2.83% of their portfolio | 348.8k $18.3m | Unchanged |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 334.6k $17.5m | Reduced -44.8k |
| SNYDER CAPITAL MANAGEMENT L P 0.39% of their portfolio | 330.3k $17.3m | Reduced -5.1k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 1.21% of their portfolio | 313.0k $16.4m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 304.4k $15.9m | Reduced -9.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 303.1k $15.9m | Reduced -3.4k |
| REINHART PARTNERS, LLC. 0.75% of their portfolio | 264.0k $13.8m | Added +4.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 253.8k $13.3m | Reduced -49.1k |
| Swiss National Bank 0.01% of their portfolio | 251.5k $13.2m | Reduced -3.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 249.8k $13.1m | Reduced -14.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 233.1k $12.2m | Reduced -2.3k |
| Legal & General Group Plc 0.00% of their portfolio | 220.4k $11.5m | Reduced -4.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 213.7k $11.2m | Added +1.1k |
| ST GERMAIN D J CO INC 0.67% of their portfolio | 209.4k $11.0m | Added +7.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 208.7k $10.9m | Reduced -12.9k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 205.2k $10.7m | Reduced -7.7k |
| ROYCE & ASSOCIATES LP 0.11% of their portfolio | 204.9k $10.7m | Reduced -5.9k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 186.2k $9.7m | Added +61.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 179.7k $9.4m | Added +5.3k |
| Squarepoint Ops LLC 0.06% of their portfolio | 177.5k $9.3m | Added +16.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 163.1k $8.5m | Reduced -22.3k |
| Advantage Alpha Capital Partners LP 1.81% of their portfolio | 162.7k $8.5m | Added +20.0k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.06% of their portfolio | 161.2k $8.4m | Reduced -3.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 159.9k $8.4m | Reduced -362 |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 158.4k $8.3m | Reduced -2.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 151.6k $7.9m | Unchanged |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 148.7k $7.8m | Reduced -66.5k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 140.4k $7.4m | Added +82.1k |
| Retirement Systems of Alabama 0.03% of their portfolio | 136.5k $7.1m | Added +103 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 132.5k $6.9m | Reduced -7.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 132.2k $6.9m | Reduced -1.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 127.5k $6.7m | Added +114.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 127.4k $6.7m | Added +26.8k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 127.2k $6.7m | Added +12.6k |
| CIBC WORLD MARKETS CORP 0.04% of their portfolio | 125.0k $6.5m | New |
| South Dakota Investment Council 0.14% of their portfolio | 119.0k $6.2m | Added +17.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 114.4k $6.0m | Reduced -453 |
| PhiloSmith Capital Corp 2.17% of their portfolio | 114.3k $6.0m | Unchanged |
| NFJ INVESTMENT GROUP, LLC 0.15% of their portfolio | 112.1k $5.9m | Added +8.6k |
| OLD NATIONAL BANCORP /IN/ 0.18% of their portfolio | 108.1k $5.7m | Reduced -103.5k |
| BURNEY CO/ 0.28% of their portfolio | 106.6k $5.6m | Reduced -6.9k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 106.2k $5.6m | Added +3.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 104.0k $5.4m | Reduced -6.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 102.8k $5.4m | Reduced -87.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 102.6k $5.4m | Reduced -9.4k |
| Man Group plc 0.02% of their portfolio | 102.1k $5.3m | Reduced -71.1k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 100.9k $5.3m | Reduced -14.1k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 99.2k $5.2m | Added +19.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 92.7k $4.9m | Added +14.6k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 92.1k $4.8m | Reduced -107.1k |
| AMALGAMATED BANK 0.04% of their portfolio | 90.5k $4.7m | Added +16.2k |
| NewSquare Capital LLC 0.59% of their portfolio | 90.1k $4.7m | Added +6.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 88.6k $4.6m | Reduced -3.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 86.4k $4.5m | Added +24.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 86.3k $4.5m | Reduced -62.5k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 85.1k $4.5m | Added +1.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 83.8k $4.4m | Reduced -779 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 82.5k $4.3m | Added +30.4k |
| Paradiem, LLC 1.57% of their portfolio | 81.2k $4.2m | Added +5.9k |
| Governors Lane LP 0.40% of their portfolio | 69.9k $3.7m | Reduced -53.8k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.06% of their portfolio | 69.6k $3.6m | Reduced -5.3k |
| FIRST NATIONAL BANK OF OMAHA 0.22% of their portfolio | 67.0k $3.5m | Reduced -4.1k |
| ALPS ADVISORS INC 0.03% of their portfolio | 66.1k $3.5m | Added +6.7k |