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 ($14.7m this quarter). Holder counts are more reliable. Shares outstanding: 103.2m as of 2023-04-24, 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 ≈ $55.63. Options: 6 managers hold calls ($6.6m notional), 5 hold puts ($2.2m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 367 |
| Q4 2022 | 367 |
| Q1 2023 | 370 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 140 | 191 |
| Q1 2023 | 167 | 169 |
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 |
| Q1 2023 | $6.6m | $2.2m | 0.34 |
Biggest buyers
| FMR LLC | Added | +10.2m |
| Boston Partners | New | +1.3m |
| BlackRock Inc. | Added | +329.5k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +254.6k |
| Leeward Investments, LLC - MA | New | +251.3k |
| SCOUT INVESTMENTS, INC. | New | +241.1k |
| Allspring Global Investments Holdings, LLC | Added | +229.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +208.5k |
| REINHART PARTNERS, LLC. | Added | +203.3k |
| Burgundy Asset Management Ltd. | New | +162.3k |
Biggest sellers
| CITIGROUP INC | Reduced | -593.7k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -517.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -454.4k |
| MACQUARIE GROUP LTD | Reduced | -433.0k |
| Select Equity Group, L.P. | Reduced | -404.5k |
| Invesco Ltd. | Reduced | -355.4k |
| NOMURA HOLDINGS INC | Reduced | -352.6k |
| FIRST TRUST ADVISORS LP | Reduced | -319.9k |
| GOLDMAN SACHS GROUP INC | Reduced | -258.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -170.1k |
Biggest calls
| Parallax Volatility Advisers, L.P. | Added | $2.5m45.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $1.7m31.0k shares |
| PEAK6 Investments LLC | Added | $1.6m27.9k shares |
| CITADEL ADVISORS LLC | Reduced | $784.8k14.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $22.0k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| PEAK6 Investments LLC | Reduced | $896.1k16.1k shares |
| CITADEL ADVISORS LLC | Reduced | $846.0k15.2k shares |
| JANE STREET GROUP, LLC | Added | $356.2k6.4k shares |
| SIMPLEX TRADING, LLC | Added | $128.0k2.3k 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 Q1 2023
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 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 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.04% of their portfolio | 17.2m $958.5m | Added +10.2m |
| VANGUARD GROUP INC 0.01% of their portfolio | 10.2m $566.4m | Reduced -59.4k |
| HG Vora Capital Management, LLC 22.64% of their portfolio | 10.0m $556.6m | Unchanged |
| BlackRock Inc. 0.02% of their portfolio | 9.9m $550.5m | Added +329.5k |
| ARIEL INVESTMENTS, LLC 2.14% of their portfolio | 4.0m $222.4m | Reduced -21.8k |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $176.5m | Reduced -49.7k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.8m $156.0m | Added +62.6k |
| LSV ASSET MANAGEMENT 0.33% of their portfolio | 2.6m $146.3m | Added +5.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.5m $138.9m | Reduced -121.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 1.8m $101.1m | Added +254.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.4m $80.1m | Added +43.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $77.2m | Reduced -15.2k |
| Boston Partners 0.10% of their portfolio | 1.3m $72.2m | New |
| ANCHOR CAPITAL ADVISORS LLC 1.85% of their portfolio | 1.3m $70.0m | Reduced -27.9k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 5.18% of their portfolio | 1.1m $63.4m | Unchanged |
| PERRY CREEK CAPITAL LP 19.76% of their portfolio | 1.1m $62.9m | Unchanged |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 1.1m $61.8m | Added +6.2k |
| NORGES BANK 0.01% of their portfolio | 1.1m $59.4m | Added +51.3k |
| Polar Capital Holdings Plc 0.39% of their portfolio | 950.0k $52.9m | Reduced -100.0k |
| MORGAN STANLEY 0.01% of their portfolio | 915.8k $51.0m | Reduced -40.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 881.2k $49.0m | Added +28.0k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 749.5k $41.7m | Reduced -433.0k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 729.8k $40.6m | Reduced -29.8k |
| Ensemble Capital Management, LLC 3.85% of their portfolio | 668.0k $37.2m | Added +62.2k |
| PICTET ASSET MANAGEMENT SA 0.05% of their portfolio | 656.2k $36.5m | Reduced -56.2k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 647.5k $36.0m | Reduced -319.9k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.44% of their portfolio | 637.5k $35.5m | Reduced -13.1k |
| DEPRINCE RACE & ZOLLO INC 0.78% of their portfolio | 604.4k $33.6m | Added +28.3k |
| REINHART PARTNERS, LLC. 1.41% of their portfolio | 467.3k $26.0m | Added +203.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 409.5k $22.8m | Added +3.7k |
| NOMURA HOLDINGS INC 0.20% of their portfolio | 362.0k $20.1m | Reduced -352.6k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 356.7k $19.9m | Added +22.0k |
| FIRST AMERICAN TRUST, FSB 2.87% of their portfolio | 348.0k $19.4m | Reduced -760 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 336.1k $18.7m | Added +208.5k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 325.5k $18.1m | Reduced -43.8k |
| SNYDER CAPITAL MANAGEMENT L P 0.38% of their portfolio | 322.6k $18.0m | Reduced -7.7k |
| Invesco Ltd. 0.00% of their portfolio | 314.0k $17.5m | Reduced -355.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 309.4k $17.2m | Added +6.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 300.6k $16.7m | Reduced -3.8k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 296.6k $16.3m | Reduced -517.0k |
| CITIGROUP INC 0.02% of their portfolio | 263.9k $14.7m | Reduced -593.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 251.9k $14.0m | Added +2.1k |
| Leeward Investments, LLC - MA 0.64% of their portfolio | 251.3k $14.0m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 250.1k $13.9m | Reduced -3.7k |
| SCOUT INVESTMENTS, INC. 0.27% of their portfolio | 241.1k $13.4m | New |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.90% of their portfolio | 230.7k $12.8m | Reduced -82.3k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 229.3k $12.8m | Added +229.3k |
| Swiss National Bank 0.01% of their portfolio | 223.5k $12.4m | Reduced -28.0k |
| Legal & General Group Plc 0.00% of their portfolio | 223.1k $12.4m | Added +2.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 219.7k $12.2m | Reduced -170.1k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 213.7k $11.9m | Added +73.3k |
| ROYCE & ASSOCIATES LP 0.11% of their portfolio | 204.9k $11.4m | Reduced -3 |
| California Public Employees Retirement System 0.01% of their portfolio | 204.8k $11.4m | Reduced -28.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 202.7k $11.3m | Reduced -6.0k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 195.9k $10.9m | Added +9.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 193.0k $10.7m | Added +33.1k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 191.1k $10.6m | Reduced -14.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 184.8k $10.3m | Reduced -258.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 165.2k $9.2m | Reduced -14.5k |
| Burgundy Asset Management Ltd. 0.11% of their portfolio | 162.3k $9.0m | New |
| Select Equity Group, L.P. 0.03% of their portfolio | 161.6k $9.0m | Reduced -404.5k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.06% of their portfolio | 159.7k $8.9m | Reduced -1.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 158.3k $8.8m | Reduced -4.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 153.5k $8.4m | Reduced -5.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 150.5k $8.4m | Reduced -1.2k |
| South Dakota Investment Council 0.16% of their portfolio | 136.0k $7.6m | Added +17.0k |
| Retirement Systems of Alabama 0.03% of their portfolio | 135.3k $7.5m | Reduced -1.2k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 133.0k $7.4m | Added +5.8k |
| Brandywine Global Investment Management, LLC 0.03% of their portfolio | 131.0k $7.3m | Added +72.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 130.0k $7.2m | Reduced -83.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 129.8k $7.2m | Reduced -2.4k |
| Advantage Alpha Capital Partners LP 1.48% of their portfolio | 127.2k $7.1m | Reduced -35.5k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 123.0k $6.8m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 122.1k $6.8m | Reduced -5.2k |
| OLD NATIONAL BANCORP /IN/ 0.21% of their portfolio | 122.1k $6.8m | Added +14.0k |
| Squarepoint Ops LLC 0.05% of their portfolio | 117.3k $6.5m | Reduced -60.2k |
| NewSquare Capital LLC 0.76% of their portfolio | 115.3k $6.4m | Added +25.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 114.5k $6.4m | Added +63 |
| PhiloSmith Capital Corp 2.35% of their portfolio | 114.3k $6.4m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 113.7k $6.3m | Added +21.0k |
| STRS OHIO 0.01% of their portfolio | 107.5k $6.0m | Added +74.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 106.2k $5.9m | Added +3.6k |
| NFJ INVESTMENT GROUP, LLC 0.16% of their portfolio | 105.3k $5.9m | Reduced -6.8k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 103.3k $5.8m | Reduced -2.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 100.8k $5.6m | Reduced -2.0k |
| Granite Investment Partners, LLC 0.23% of their portfolio | 98.2k $5.5m | New |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 97.5k $5.4m | Reduced -1.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 93.4k $5.2m | Reduced -10.6k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.05% of their portfolio | 92.9k $5.2m | Added +23.2k |
| BURNEY CO/ 0.25% of their portfolio | 90.6k $5.0m | Reduced -16.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 86.8k $4.8m | Reduced -45.7k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 83.9k $4.7m | Reduced -64.9k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 83.3k $4.6m | Reduced -1.7k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 82.5k $4.6m | Added +29.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 80.5k $4.5m | Reduced -3.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 79.5k $4.4m | Added +36.0k |
| Paradiem, LLC 1.34% of their portfolio | 77.7k $4.3m | Reduced -3.5k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 75.1k $4.2m | Reduced -7.4k |
| ALPS ADVISORS INC 0.04% of their portfolio | 74.3k $4.1m | Added +8.2k |
| AMALGAMATED BANK 0.03% of their portfolio | 70.8k $3.9m | Reduced -19.6k |