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 ($31.0m this quarter). Holder counts are more reliable. Shares outstanding: 102.9m as of 2024-07-22, 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 ≈ $53.94. Options: 4 managers hold calls ($1.0m notional), 5 hold puts ($1.7m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 367 |
| Q4 2022 | 367 |
| Q1 2023 | 370 |
| Q2 2023 | 353 |
| Q3 2023 | 370 |
| Q4 2023 | 388 |
| Q1 2024 | 407 |
| Q2 2024 | 390 |
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 |
| Q3 2023 | 163 | 170 |
| Q4 2023 | 157 | 193 |
| Q1 2024 | 207 | 161 |
| Q2 2024 | 164 | 213 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $2.1m | $767.8k | 0.36 |
| Q4 2023 | $2.5m | $3.2m | 1.27 |
| Q1 2024 | $2.5m | $1.2m | 0.49 |
| Q2 2024 | $1.0m | $1.7m | 1.67 |
Biggest buyers
| Boston Partners | Added | +823.9k |
| NOMURA HOLDINGS INC | New | +552.5k |
| DIMENSIONAL FUND ADVISORS LP | Added | +515.7k |
| REINHART PARTNERS, LLC. | Added | +374.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +298.3k |
| FIRST TRUST ADVISORS LP | Added | +198.3k |
| LAKEWOOD CAPITAL MANAGEMENT, LP | Added | +189.0k |
| DEPRINCE RACE & ZOLLO INC | Added | +176.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +140.9k |
| Ensemble Capital Management, LLC | Added | +139.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -1.9m |
| HG Vora Capital Management, LLC | Reduced | -1.0m |
| T. Rowe Price Investment Management, Inc. | Reduced | -460.7k |
| BlackRock Inc. | Reduced | -336.2k |
| Verition Fund Management LLC | Reduced | -274.1k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | Sold out | -270.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -258.4k |
| CITADEL ADVISORS LLC | Reduced | -191.1k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -173.6k |
| ANCHOR CAPITAL ADVISORS LLC | Reduced | -170.6k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $981.9k18.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $43.0k800 shares |
| BANK OF AMERICA CORP /DE/ | New | $5.4k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| BAYVIEW ASSET MANAGEMENT, LLC | New | $1.1m20.0k shares |
| CITADEL ADVISORS LLC | Reduced | $356.1k6.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $264.4k4.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.0k300 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 2024
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 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $101.2k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 10.6m $572.4m | Added +42.6k |
| FMR LLC 0.03% of their portfolio | 9.2m $498.9m | Reduced -21.1k |
| BlackRock Inc. 0.01% of their portfolio | 9.2m $497.5m | Reduced -336.2k |
| HG Vora Capital Management, LLC 17.78% of their portfolio | 5.1m $273.8m | Reduced -1.0m |
| Boston Partners 0.33% of their portfolio | 4.9m $264.5m | Added +823.9k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 3.6m $196.8m | Added +515.7k |
| ARIEL INVESTMENTS, LLC 2.11% of their portfolio | 3.6m $194.7m | Added +97.2k |
| STATE STREET CORP 0.01% of their portfolio | 3.3m $179.0m | Reduced -13.0k |
| T. Rowe Price Investment Management, Inc. 0.09% of their portfolio | 2.6m $138.4m | Reduced -460.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 2.1m $112.8m | Reduced -173.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.7m $91.1m | Added +43.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.71% of their portfolio | 1.4m $77.0m | Added +86.3k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.2m $64.6m | Reduced -6.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $61.9m | Reduced -1.9m |
| NORGES BANK 0.01% of their portfolio | 1.1m $60.6m | Reduced -63.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $59.9m | Added +21.6k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 5.05% of their portfolio | 1.1m $58.6m | Added +189.0k |
| PERRY CREEK CAPITAL LP 25.73% of their portfolio | 1.0m $54.4m | Unchanged |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.0m $54.0m | Added +124.2k |
| DEPRINCE RACE & ZOLLO INC 1.18% of their portfolio | 978.5k $52.8m | Added +176.4k |
| Ensemble Capital Management, LLC 4.10% of their portfolio | 975.5k $52.6m | Added +139.2k |
| REINHART PARTNERS, LLC. 2.12% of their portfolio | 943.8k $50.9m | Added +374.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 942.4k $50.8m | Reduced -258.4k |
| ANCHOR CAPITAL ADVISORS LLC 1.23% of their portfolio | 813.3k $43.9m | Reduced -170.6k |
| Polar Capital Holdings Plc 0.21% of their portfolio | 675.0k $36.4m | Unchanged |
| CRAMER ROSENTHAL MCGLYNN LLC 2.11% of their portfolio | 668.4k $36.1m | Added +118.4k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 582.0k $31.4m | Reduced -3.5k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 554.4k $29.9m | Reduced -3.4k |
| NOMURA HOLDINGS INC 0.19% of their portfolio | 552.5k $29.8m | New |
| Invesco Ltd. 0.01% of their portfolio | 547.7k $29.5m | Reduced -55.9k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 536.5k $28.9m | Added +18.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.11% of their portfolio | 487.7k $26.3m | Added +13.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 446.1k $24.1m | Reduced -44.1k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 420.0k $22.7m | Added +298.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 408.7k $22.0m | Reduced -114.3k |
| FIRST AMERICAN TRUST, FSB 1.88% of their portfolio | 347.2k $18.7m | Added +10 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 345.1k $18.6m | Reduced -43.1k |
| NATIXIS ADVISORS, LLC 0.04% of their portfolio | 342.5k $18.5m | Reduced -3.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 341.5k $18.4m | Added +140.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 335.1k $18.1m | Reduced -22.7k |
| HEARTLAND ADVISORS INC 0.94% of their portfolio | 312.9k $16.9m | Reduced -58.1k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 296.5k $16.0m | Reduced -28.2k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 288.3k $15.6m | Reduced -5.0k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 277.0k $14.9m | Reduced -16.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 272.4k $14.7m | Added +198.3k |
| SNYDER CAPITAL MANAGEMENT L P 0.33% of their portfolio | 269.5k $14.5m | Reduced -5.0k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 261.4k $14.1m | Added +67.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 251.9k $13.6m | Reduced -2.4k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 248.0k $13.4m | Added +78.1k |
| Squarepoint Ops LLC 0.05% of their portfolio | 241.2k $13.0m | Reduced -1.0k |
| Leeward Investments, LLC - MA 0.57% of their portfolio | 231.7k $12.5m | Added +12.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 226.4k $12.2m | Added +61.8k |
| ST GERMAIN D J CO INC 0.59% of their portfolio | 225.7k $12.2m | Added +13.2k |
| Legal & General Group Plc 0.00% of their portfolio | 213.5k $11.5m | Reduced -30.9k |
| Ceredex Value Advisors LLC 0.21% of their portfolio | 209.1k $11.3m | Added +3.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 205.4k $11.1m | Reduced -191.1k |
| Swiss National Bank 0.01% of their portfolio | 202.9k $10.9m | Reduced -700 |
| California Public Employees Retirement System 0.01% of their portfolio | 191.7k $10.3m | Added +6.0k |
| First Eagle Investment Management, LLC 0.02% of their portfolio | 191.5k $10.3m | Added +4.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 170.6k $9.2m | Added +112.3k |
| Burgundy Asset Management Ltd. 0.09% of their portfolio | 155.4k $8.4m | Added +1.0k |
| Channing Capital Management, LLC 0.22% of their portfolio | 151.7k $8.2m | Reduced -1.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 150.6k $8.1m | Reduced -2.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 149.5k $8.1m | Added +7.9k |
| NewSquare Capital LLC 0.62% of their portfolio | 135.7k $7.2m | Added +4.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 135.4k $7.4m | Reduced -24.6k |
| PhiloSmith Capital Corp 2.04% of their portfolio | 134.3k $7.2m | Unchanged |
| Man Group plc 0.02% of their portfolio | 131.9k $7.1m | Reduced -3.7k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 131.2k $7.1m | First filing |
| Retirement Systems of Alabama 0.03% of their portfolio | 128.0k $6.9m | Reduced -1.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 125.7k $6.8m | Added +54.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 120.0k $6.5m | Reduced -3.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 119.4k $6.4m | Reduced -19.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 118.5k $6.4m | Reduced -2.1k |
| Annandale Capital, LLC 1.30% of their portfolio | 115.8k $6.2m | Added +15.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 108.5k $5.9m | Added +10.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 107.5k $5.8m | Added +90.8k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 107.3k $5.8m | Added +69.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 105.8k $5.7m | Reduced -8.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 101.7k $5.5m | Reduced -2.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 100.4k $5.4m | Reduced -10.2k |
| Granite Investment Partners, LLC 0.21% of their portfolio | 95.0k $5.1m | Reduced -1.8k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 92.9k $5.0m | Reduced -5.0k |
| Edgestream Partners, L.P. 0.23% of their portfolio | 90.3k $4.9m | New |
| Ensign Peak Advisors, Inc 0.01% of their portfolio | 89.7k $4.8m | Added +19.4k |
| BURNEY CO/ 0.18% of their portfolio | 89.2k $4.8m | Reduced -2.0k |
| PROSPECTOR PARTNERS LLC 0.56% of their portfolio | 88.8k $4.8m | Added +33.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 88.0k $4.7m | Reduced -1.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 87.2k $4.7m | Reduced -3.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 86.6k $4.7m | Added +8.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 82.0k $4.4m | Reduced -162.3k |
| OLD NATIONAL BANCORP /IN/ 0.10% of their portfolio | 78.9k $4.3m | Reduced -2.2k |
| South Dakota Investment Council 0.08% of their portfolio | 76.0k $4.1m | Reduced -60.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 71.5k $3.9m | Reduced -65.5k |
| Prana Capital Management, LP 0.17% of their portfolio | 67.8k $3.7m | Reduced -135.7k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 66.3k $3.6m | New |
| Engineers Gate Manager LP 0.08% of their portfolio | 66.1k $3.6m | Added +15.5k |
| AMALGAMATED BANK 0.03% of their portfolio | 64.4k $3.5m | Reduced -5.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 62.2k $3.4m | Reduced -34.6k |
| Advisors Capital Management, LLC 0.06% of their portfolio | 60.4k $3.3m | Reduced -960 |