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 ($16.5m this quarter). Holder counts are more reliable. Shares outstanding: 103.1m as of 2023-07-24, 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 ≈ $56.89. Options: 6 managers hold calls ($2.0m notional), 5 hold puts ($1.1m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 367 |
| Q4 2022 | 367 |
| Q1 2023 | 370 |
| Q2 2023 | 353 |
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 |
| Q2 2023 | 129 | 186 |
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 |
| Q2 2023 | $2.0m | $1.1m | 0.53 |
Biggest buyers
| Boston Partners | Added | +1.4m |
| T. Rowe Price Investment Management, Inc. | Added | +543.4k |
| HEARTLAND ADVISORS INC | New | +252.8k |
| CITADEL ADVISORS LLC | Added | +208.8k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +185.2k |
| ROYCE & ASSOCIATES LP | Added | +149.4k |
| SCOUT INVESTMENTS, INC. | Added | +128.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +111.8k |
| First Eagle Investment Management, LLC | New | +102.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +102.9k |
Biggest sellers
| FMR LLC | Reduced | -7.9m |
| FIRST TRUST ADVISORS LP | Reduced | -482.3k |
| MORGAN STANLEY | Reduced | -398.5k |
| NOMURA HOLDINGS INC | Sold out | -362.0k |
| BlackRock Inc. | Reduced | -286.0k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -201.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -181.2k |
| Select Equity Group, L.P. | Sold out | -161.6k |
| ARIEL INVESTMENTS, LLC | Reduced | -157.6k |
| PICTET ASSET MANAGEMENT SA | Reduced | -136.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.5m26.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $421.9k7.4k shares |
| PEAK6 Investments LLC | Reduced | $91.2k1.6k shares |
| SIMPLEX TRADING, LLC | Added | $34.0k600 shares |
| GROUP ONE TRADING LLC | New | $5.7k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $364.9k6.4k shares |
| PEAK6 Investments LLC | Reduced | $296.5k5.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $290.8k5.1k shares |
| SIMPLEX TRADING, LLC | Unchanged | $131.0k2.3k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 10.0m $572.8m | Reduced -129.3k |
| HG Vora Capital Management, LLC 25.24% of their portfolio | 10.0m $570.2m | Unchanged |
| BlackRock Inc. 0.02% of their portfolio | 9.6m $547.6m | Reduced -286.0k |
| FMR LLC 0.04% of their portfolio | 9.3m $529.1m | Reduced -7.9m |
| ARIEL INVESTMENTS, LLC 2.07% of their portfolio | 3.8m $218.9m | Reduced -157.6k |
| STATE STREET CORP 0.01% of their portfolio | 3.1m $176.4m | Reduced -77.5k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.9m $163.4m | Added +62.6k |
| Boston Partners 0.21% of their portfolio | 2.7m $153.7m | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.6m $148.2m | Added +102.9k |
| LSV ASSET MANAGEMENT 0.32% of their portfolio | 2.5m $145.1m | Reduced -82.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio | 2.0m $114.1m | Added +185.2k |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 1.7m $94.3m | Added +543.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.5m $85.5m | Added +59.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $77.8m | Reduced -22.2k |
| ANCHOR CAPITAL ADVISORS LLC 1.80% of their portfolio | 1.2m $69.4m | Reduced -41.6k |
| PERRY CREEK CAPITAL LP 20.65% of their portfolio | 1.1m $64.5m | Unchanged |
| NORGES BANK 0.01% of their portfolio | 1.1m $64.1m | Added +56.3k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 5.14% of their portfolio | 1.0m $59.4m | Reduced -98.0k |
| Polar Capital Holdings Plc 0.37% of their portfolio | 950.0k $54.2m | Unchanged |
| NORTHERN TRUST CORP 0.01% of their portfolio | 855.4k $48.8m | Reduced -25.8k |
| Ensemble Capital Management, LLC 4.19% of their portfolio | 760.0k $43.3m | Added +92.0k |
| Fisher Asset Management, LLC 0.02% of their portfolio | 734.6k $41.9m | Added +4.8k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.46% of their portfolio | 728.8k $41.6m | Added +91.4k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 660.1k $37.6m | Reduced -89.5k |
| DEPRINCE RACE & ZOLLO INC 0.83% of their portfolio | 629.2k $35.9m | Added +24.8k |
| PICTET ASSET MANAGEMENT SA 0.04% of their portfolio | 519.8k $29.6m | Reduced -136.4k |
| MORGAN STANLEY 0.00% of their portfolio | 517.4k $29.5m | Reduced -398.5k |
| REINHART PARTNERS, LLC. 1.38% of their portfolio | 477.5k $27.2m | Added +10.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 387.3k $22.1m | Reduced -22.2k |
| SCOUT INVESTMENTS, INC. 0.45% of their portfolio | 369.3k $22.1m | Added +128.2k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 361.4k $20.6m | Added +4.7k |
| ROYCE & ASSOCIATES LP 0.20% of their portfolio | 354.2k $20.2m | Added +149.4k |
| FIRST AMERICAN TRUST, FSB 2.73% of their portfolio | 348.0k $19.8m | Unchanged |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 330.9k $18.9m | Added +208.8k |
| Invesco Ltd. 0.00% of their portfolio | 319.8k $18.2m | Added +5.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 315.6k $18.0m | Reduced -9.9k |
| SNYDER CAPITAL MANAGEMENT L P 0.37% of their portfolio | 308.7k $17.6m | Reduced -13.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 289.8k $16.5m | Reduced -10.8k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 280.7k $16.0m | Added +51.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 255.8k $14.6m | Added +5.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 252.9k $14.4m | Added +1.0k |
| HEARTLAND ADVISORS INC 0.82% of their portfolio | 252.8k $14.4m | New |
| Leeward Investments, LLC - MA 0.66% of their portfolio | 248.2k $14.2m | Reduced -3.1k |
| COMERICA BANK 0.00% of their portfolio | 238.5k $1 | First filing |
| Legal & General Group Plc 0.00% of their portfolio | 235.0k $13.4m | Added +11.9k |
| Swiss National Bank 0.01% of their portfolio | 224.9k $12.8m | Added +1.4k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 224.6k $12.8m | Added +10.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 221.3k $12.6m | Reduced -88.0k |
| ST GERMAIN D J CO INC 0.64% of their portfolio | 212.1k $12.1m | First filing |
| CITIGROUP INC 0.02% of their portfolio | 209.4k $11.9m | Reduced -54.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 209.2k $11.9m | Added +24.4k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 208.9k $11.9m | Added +13.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 202.7k $11.3m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 191.2k $10.9m | Added +111.8k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 187.8k $10.7m | Reduced -3.3k |
| California Public Employees Retirement System 0.01% of their portfolio | 187.8k $10.7m | Reduced -17.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 166.3k $9.5m | Added +12.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 165.2k $9.4m | Reduced -482.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 160.1k $9.1m | Reduced -5.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 157.6k $9.0m | Reduced -35.4k |
| Burgundy Asset Management Ltd. 0.10% of their portfolio | 156.4k $8.9m | Reduced -5.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.05% of their portfolio | 155.7k $8.9m | Reduced -4.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 154.8k $8.8m | Reduced -181.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 150.3k $8.6m | Reduced -69.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 149.6k $8.5m | Reduced -900 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 142.6k $8.1m | Reduced -15.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 140.9k $8.0m | Added +10.9k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 140.8k $8.0m | Added +7.8k |
| South Dakota Investment Council 0.16% of their portfolio | 136.0k $7.8m | Unchanged |
| Retirement Systems of Alabama 0.03% of their portfolio | 133.0k $7.6m | Reduced -2.3k |
| OLD NATIONAL BANCORP /IN/ 0.21% of their portfolio | 129.3k $7.4m | Added +7.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 125.7k $7.2m | Reduced -4.1k |
| PhiloSmith Capital Corp 2.44% of their portfolio | 124.3k $7.1m | Added +10.0k |
| NewSquare Capital LLC 0.73% of their portfolio | 122.4k $7.0m | Added +7.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 119.1k $6.8m | Added +12.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 116.7k $6.7m | Added +2.3k |
| ALPS ADVISORS INC 0.05% of their portfolio | 107.8k $6.1m | Added +33.5k |
| Granite Investment Partners, LLC 0.24% of their portfolio | 105.2k $6.0m | Added +6.9k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 104.3k $5.9m | Added +990 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 104.3k $5.9m | Added +21.9k |
| Advantage Alpha Capital Partners LP 1.19% of their portfolio | 103.9k $5.9m | Reduced -23.3k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.44% of their portfolio | 103.6k $5.9m | Reduced -127.1k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 102.9k $5.9m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 94.9k $5.4m | Reduced -201.7k |
| Squarepoint Ops LLC 0.03% of their portfolio | 93.3k $5.3m | Reduced -24.0k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.05% of their portfolio | 90.9k $5.2m | Reduced -2.0k |
| BURNEY CO/ 0.24% of their portfolio | 90.7k $5.2m | Added +30 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 90.6k $5.2m | Reduced -23.1k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 89.4k $5.1m | Reduced -8.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 88.5k $5.0m | Reduced -4.9k |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 83.6k $4.8m | Reduced -265 |
| Paradiem, LLC 1.32% of their portfolio | 81.5k $4.6m | Added +3.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 77.2k $4.4m | Reduced -3.3k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 74.9k $4.3m | Reduced -8.4k |
| AMALGAMATED BANK 0.03% of their portfolio | 67.0k $3.8m | Reduced -3.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 65.4k $3.7m | Reduced -21.4k |
| FIRST NATIONAL BANK OF OMAHA 0.21% of their portfolio | 62.9k $3.6m | Reduced -1.5k |
| BARCLAYS PLC 0.00% of their portfolio | 62.2k $3.5m | Added +21.3k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 61.8k $3.5m | Reduced -1.6k |
| Johnson Financial Group, Inc. 0.24% of their portfolio | 61.5k $3.5m | Unchanged |