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 ($27.4m this quarter). Holder counts are more reliable. Shares outstanding: 101.8m as of 2025-07-21, 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 ≈ $61.40. Options: 4 managers hold calls ($1.0m notional), 2 hold puts ($6.0k).
Trends to Q2 2025
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 |
| Q3 2024 | 395 |
| Q4 2024 | 406 |
| Q1 2025 | 445 |
| Q2 2025 | 427 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 163 | 170 |
| Q4 2023 | 157 | 193 |
| Q1 2024 | 207 | 161 |
| Q2 2024 | 164 | 213 |
| Q3 2024 | 181 | 191 |
| Q4 2024 | 181 | 172 |
| Q1 2025 | 224 | 183 |
| Q2 2025 | 189 | 212 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $943.9k | $7.2m | 7.67 |
| Q4 2024 | $857.0k | $636.7k | 0.74 |
| Q1 2025 | $984.5k | $1.8m | 1.86 |
| Q2 2025 | $1.0m | $6.0k | 0.01 |
Biggest buyers
| FMR LLC | Added | +3.0m |
| Channing Capital Management, LLC | Added | +1.2m |
| Capital Research Global Investors | New | +1.1m |
| Boston Partners | Added | +940.7k |
| FRONTIER CAPITAL MANAGEMENT CO LLC | New | +775.4k |
| MORGAN STANLEY | Added | +547.4k |
| CITADEL ADVISORS LLC | Added | +465.5k |
| Davis Asset Management, L.P. | New | +288.4k |
| UBS Group AG | Added | +283.7k |
| NEW YORK STATE COMMON RETIREMENT FUND | Added | +267.7k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.8m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Sold out | -1.6m |
| HG Vora Capital Management, LLC | Reduced | -775.0k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -744.9k |
| T. Rowe Price Investment Management, Inc. | Reduced | -536.9k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -351.6k |
| NATIXIS ADVISORS, LLC | Reduced | -302.4k |
| Holocene Advisors, LP | Reduced | -286.6k |
| D. E. Shaw & Co., Inc. | Reduced | -214.4k |
| DEPRINCE RACE & ZOLLO INC | Reduced | -202.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $712.1k11.6k shares |
| CITADEL ADVISORS LLC | Added | $239.4k3.9k shares |
| SIMPLEX TRADING, LLC | New | $49.0k800 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIMPLEX TRADING, LLC | New | $6.0k100 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 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $101.2k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $149.0k | — |
| Q1 2025 | 0 | — | 3 | $10.6m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 10.4m $639.7m | Reduced -51.6k |
| BlackRock, Inc. 0.01% of their portfolio | 9.5m $582.6m | Added +113.1k |
| FMR LLC 0.03% of their portfolio | 9.3m $567.9m | Added +3.0m |
| Boston Partners 0.38% of their portfolio | 5.6m $346.0m | Added +940.7k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 4.1m $253.2m | Reduced -25.8k |
| ARIEL INVESTMENTS, LLC 2.44% of their portfolio | 3.5m $215.1m | Reduced -186.8k |
| STATE STREET CORP 0.01% of their portfolio | 3.5m $212.2m | Reduced -36.2k |
| MORGAN STANLEY 0.01% of their portfolio | 1.9m $115.7m | Added +547.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.8m $107.8m | Reduced -18.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 1.7m $107.2m | Added +15.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 1.6m $99.4m | Reduced -744.9k |
| HG Vora Capital Management, LLC 9.47% of their portfolio | 1.4m $85.9m | Reduced -775.0k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 1.4m $84.6m | Reduced -1.8m |
| Channing Capital Management, LLC 2.26% of their portfolio | 1.3m $81.3m | Added +1.2m |
| NORGES BANK 0.01% of their portfolio | 1.3m $77.1m | Reduced -113.4k |
| REINHART PARTNERS, LLC. 2.55% of their portfolio | 1.2m $74.7m | Added +13.3k |
| Capital Research Global Investors 0.01% of their portfolio | 1.1m $68.9m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $68.6m | Added +1.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.0m $62.9m | Reduced -38.4k |
| PERRY CREEK CAPITAL LP 33.13% of their portfolio | 1.0m $61.9m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 911.2k $55.9m | Reduced -46.1k |
| Capital International Investors 0.01% of their portfolio | 833.4k $51.2m | Added +72.8k |
| Corient Private Wealth LP 0.07% of their portfolio | 815.8k $50.1m | Added +44.7k |
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 802.1k $49.2m | Reduced -80.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.44% of their portfolio | 775.4k $47.6m | New |
| CRAMER ROSENTHAL MCGLYNN LLC 3.18% of their portfolio | 753.4k $46.3m | Reduced -2.0k |
| LAKEWOOD CAPITAL MANAGEMENT, LP 3.46% of their portfolio | 739.6k $45.4m | Unchanged |
| Polar Capital Holdings Plc 0.22% of their portfolio | 675.0k $41.4m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.16% of their portfolio | 644.6k $39.6m | Reduced -132.7k |
| UBS Group AG 0.01% of their portfolio | 612.9k $37.6m | Added +283.7k |
| DEPRINCE RACE & ZOLLO INC 0.77% of their portfolio | 604.0k $37.1m | Reduced -202.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 601.6k $36.9m | Added +51.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 596.5k $36.6m | Added +465.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 493.5k $30.3m | Added +79.3k |
| ArrowMark Colorado Holdings LLC 0.53% of their portfolio | 482.1k $29.6m | Reduced -143.3k |
| Invesco Ltd. 0.00% of their portfolio | 467.2k $28.7m | Added +36.3k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 458.9k $28.2m | Reduced -30.9k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 410.4k $25.2m | Added +12.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 386.5k $23.7m | Added +93.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 371.4k $22.8m | Added +267.7k |
| FIRST AMERICAN TRUST, FSB 1.70% of their portfolio | 347.2k $21.3m | Reduced -5 |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 343.2k $21.1m | Added +108.4k |
| Nuveen, LLC 0.01% of their portfolio | 339.0k $20.8m | Added +24.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 337.1k $20.7m | Added +73.4k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 327.5k $20.1m | Reduced -81.4k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 320.1k $19.6m | Reduced -351.6k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 317.9k $19.5m | Reduced -536.9k |
| SNYDER CAPITAL MANAGEMENT L P 0.39% of their portfolio | 296.4k $18.2m | Added +11.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 289.6k $17.8m | Added +5.5k |
| Davis Asset Management, L.P. 0.69% of their portfolio | 288.4k $17.7m | New |
| Man Group plc 0.04% of their portfolio | 280.7k $17.2m | Added +81.4k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 280.0k $17.2m | Added +10.6k |
| ST GERMAIN D J CO INC 0.67% of their portfolio | 254.1k $15.6m | Added +20.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 233.1k $14.3m | Reduced -3.7k |
| Private Capital Management, LLC 1.42% of their portfolio | 229.0k $14.1m | New |
| Legal & General Group Plc 0.00% of their portfolio | 226.3k $13.9m | Added +2.3k |
| PRUDENTIAL FINANCIAL INC 0.02% of their portfolio | 199.3k $12.9m | Added +46.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 199.0k $12.2m | Reduced -47.6k |
| Leeward Investments, LLC - MA 0.65% of their portfolio | 198.2k $12.2m | Reduced -7.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 197.9k $12.2m | Added +52.2k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 197.9k $12.2m | Reduced -16.7k |
| Swiss National Bank 0.01% of their portfolio | 196.9k $12.1m | Reduced -2.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 194.0k $11.9m | Added +153.3k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 190.6k $11.7m | Added +52.0k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 187.1k $11.7m | Added +14.6k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 185.2k $11.4m | Added +67.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 183.1k $11.2m | Added +5.0k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 181.4k $11.1m | Added +146.4k |
| River Road Asset Management, LLC 0.14% of their portfolio | 179.5k $10.8m | New |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 177.5k $10.9m | Added +131.0k |
| Squarepoint Ops LLC 0.02% of their portfolio | 173.1k $10.6m | Added +85.3k |
| Ceredex Value Advisors LLC 0.22% of their portfolio | 168.9k $10.4m | Reduced -43.3k |
| Aryeh Capital Management Ltd. 7.55% of their portfolio | 156.9k $9.6m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 153.0k $9.4m | Added +84.5k |
| Jump Financial, LLC 0.11% of their portfolio | 151.0k $9.3m | Added +115.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 149.1k $9.2m | Reduced -1.1k |
| NewSquare Capital LLC 0.63% of their portfolio | 141.1k $8.5m | Added +7.1k |
| HEARTLAND ADVISORS INC 0.48% of their portfolio | 141.1k $8.7m | Reduced -115.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 137.4k $8.4m | Reduced -2.3k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 134.6k $8.3m | Reduced -96.3k |
| PhiloSmith Capital Corp 2.28% of their portfolio | 133.6k $8.2m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 132.4k $8.1m | Added +6.3k |
| Retirement Systems of Alabama 0.03% of their portfolio | 125.8k $7.7m | Added +398 |
| Allworth Financial LP 0.04% of their portfolio | 122.6k $7.5m | Reduced -602 |
| Annandale Capital, LLC 1.38% of their portfolio | 122.0k $7.5m | Added +6.1k |
| ALGERT GLOBAL LLC 0.16% of their portfolio | 120.8k $7.4m | Unchanged |
| BAR HARBOR WEALTH MANAGEMENT 0.47% of their portfolio | 118.7k $7.3m | Reduced -7.4k |
| Quantinno Capital Management LP 0.03% of their portfolio | 118.4k $7.3m | Reduced -21.2k |
| Magnetar Financial LLC 0.04% of their portfolio | 118.4k $7.3m | Added +5.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 111.9k $6.9m | Unchanged |
| HARBOR CAPITAL ADVISORS, INC. 0.28% of their portfolio | 106.7k $6.5m | Reduced -712 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 106.6k $6.5m | Reduced -25.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 105.6k $6.5m | Reduced -221 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 103.8k $6.4m | Reduced -531 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 102.8k $6.3m | Reduced -1.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 99.0k $6.1m | Added +13.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 98.9k $6.1m | Unchanged |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.02% of their portfolio | 96.1k $5.9m | New |
| Engineers Gate Manager LP 0.07% of their portfolio | 94.9k $5.8m | Reduced -46.2k |
| Bridgewater Associates, LP 0.02% of their portfolio | 94.2k $5.8m | Added +27.9k |