FIRST HORIZON CORPORATION FHN
COM · Common Stock · CUSIP 320517105 · ISIN US3205171057
* 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 ($18.6m this quarter). Holder counts are more reliable. Shares outstanding: 558.7m as of 2023-07-31, 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 ≈ $11.33. Options: 26 managers hold calls ($46.2m notional), 14 hold puts ($18.8m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 567 |
| Q4 2022 | 613 |
| Q1 2023 | 586 |
| Q2 2023 | 563 |
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 | 289 | 258 |
| Q1 2023 | 291 | 302 |
| Q2 2023 | 274 | 330 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $24.4m | $46.7m | 1.91 |
| Q4 2022 | $52.4m | $76.9m | 1.47 |
| Q1 2023 | $58.7m | $123.3m | 2.10 |
| Q2 2023 | $46.2m | $18.8m | 0.41 |
Biggest buyers
| TORONTO DOMINION BANK | Added | +19.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +14.9m |
| CITADEL ADVISORS LLC | Added | +12.2m |
| Balyasny Asset Management L.P. | Added | +9.3m |
| D. E. Shaw & Co., Inc. | Added | +6.8m |
| HoldCo Asset Management, LP | New | +5.6m |
| Alyeska Investment Group, L.P. | New | +4.5m |
| Sculptor Capital LP | Added | +4.5m |
| SCOUT INVESTMENTS, INC. | New | +4.4m |
| Verition Fund Management LLC | New | +3.4m |
Biggest sellers
| BARCLAYS PLC | Reduced | -14.5m |
| FRANKLIN RESOURCES INC | Reduced | -12.3m |
| SOROS FUND MANAGEMENT LLC | Sold out | -7.3m |
| Westchester Capital Management, LLC | Reduced | -7.0m |
| FMR LLC | Reduced | -6.0m |
| FIL Ltd | Sold out | -5.2m |
| Pentwater Capital Management LP | Reduced | -4.7m |
| Sand Grove Capital Management LLP | Sold out | -4.5m |
| ALPINE ASSOCIATES MANAGEMENT INC. | Sold out | -3.4m |
| Segantii Capital Management Ltd | Reduced | -3.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $21.6m1.9m shares |
| UBS Group AG | Unchanged | $6.1m539.0k shares |
| GROUP ONE TRADING LLC | Added | $5.8m510.7k shares |
| CITADEL ADVISORS LLC | Added | $1.8m156.5k shares |
| Maven Securities LTD | Reduced | $1.6m145.3k shares |
| WOLVERINE TRADING, LLC | New | $1.6m140.5k shares |
| GOLDMAN SACHS GROUP INC | Added | $1.5m136.5k shares |
| SIMPLEX TRADING, LLC | Added | $1.5m131.3k shares |
| JANE STREET GROUP, LLC | Added | $1.3m113.4k shares |
| CSS LLC/IL | Added | $1.2m108.2k shares |
Biggest puts
| Pentwater Capital Management LP | Reduced | $5.9m526.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.7m420.6k shares |
| CITADEL ADVISORS LLC | Added | $3.2m284.2k shares |
| Parallax Volatility Advisers, L.P. | Added | $1.2m110.0k shares |
| SUMMIT SECURITIES GROUP LLC | Added | $1.2m104.8k shares |
| GOLDMAN SACHS GROUP INC | Added | $1.1m97.5k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $451.9k40.1k shares |
| WOLVERINE TRADING, LLC | New | $420.0k37.2k shares |
| CSS LLC/IL | Reduced | $187.1k16.6k shares |
| Hunting Hill Global Capital, LLC | Reduced | $112.7k10.0k 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 |
|---|---|
| INTEGRATED CORE STRATEGIES (US) LLC 13G · passive investor +1.8 pts · filed 2026-10-05 | 5.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: Bank of New York Mellon Corp (1.5%, 2026-10-22), MILLENNIUM MANAGEMENT LLC (5.0%, 2026-09-09), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL 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 | — | 0 | — | — |
| Q1 2022 | 0 | — | 2 | $4.6m | — |
| Q2 2022 | 0 | — | 3 | $17.1m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 2 | $4.3m | — |
| Q1 2023 | 0 | — | 2 | $2.4m | — |
| Q2 2023 | 5 | $537.6k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-07 | FENSTERMAKER WILLIAM H Director | Bought | $116.2k10.0k shares |
| 2023-05-19 | PALMER VICKI R Director | Bought | $22.0k2.0k shares |
| 2023-05-12 | FENSTERMAKER WILLIAM H Director | Bought | $28.2k3.0k shares |
| 2023-05-10 | Sugranes Rosa Director | Bought | $19.9k1.9k shares |
| 2023-05-04 | REED COLIN V Director | Bought | $250.4k25.1k shares |
| 2023-05-04 | Davidson Wendy P Director | Bought | $100.9k10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.02% of their portfolio | 73.7m $830.1m | Reduced -1.0m |
| VANGUARD GROUP INC 0.01% of their portfolio | 54.5m $614.2m | Reduced -504.5k |
| STATE STREET CORP 0.01% of their portfolio | 24.7m $281.9m | Added +1.3m |
| TORONTO DOMINION BANK 0.17% of their portfolio | 20.1m $226.2m | Added +19.9m |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 15.7m $177.0m | Added +14.9m |
| Balyasny Asset Management L.P. 0.40% of their portfolio | 12.8m $144.1m | Added +9.3m |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 12.8m $144.0m | Added +12.2m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 8.9m $100.8m | Reduced -1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.0m $89.7m | Added +365.2k |
| D. E. Shaw & Co., Inc. 0.14% of their portfolio | 7.8m $87.9m | Added +6.8m |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 6.5m $73.1m | Reduced -2.1m |
| FMR LLC 0.01% of their portfolio | 5.8m $65.5m | Reduced -6.0m |
| MORGAN STANLEY 0.01% of their portfolio | 5.6m $63.0m | Added +995.1k |
| HoldCo Asset Management, LP 39.88% of their portfolio | 5.6m $62.9m | New |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 5.5m $61.5m | Added +2.9m |
| Sculptor Capital LP 1.57% of their portfolio | 5.3m $59.8m | Added +4.5m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 5.1m $57.8m | Reduced -117.1k |
| NORGES BANK 0.01% of their portfolio | 4.7m $52.9m | Reduced -901.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.6m $51.9m | Reduced -556.5k |
| Alyeska Investment Group, L.P. 0.39% of their portfolio | 4.5m $51.0m | New |
| Qube Research & Technologies Ltd 0.19% of their portfolio | 4.5m $50.2m | Added +3.1m |
| SCOUT INVESTMENTS, INC. 1.21% of their portfolio | 4.4m $59.3m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 4.0m $45.2m | Added +1.3m |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.25% of their portfolio | 3.9m $43.6m | Added +2.4m |
| North Reef Capital Management LP 3.24% of their portfolio | 3.7m $42.2m | Added +2.9m |
| LMR Partners LLP 0.92% of their portfolio | 3.6m $40.2m | Reduced -752.4k |
| Verition Fund Management LLC 0.59% of their portfolio | 3.4m $37.8m | New |
| Rhino Investment Partners, Inc 9.28% of their portfolio | 3.3m $36.9m | Added +1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.2m $36.3m | Added +108.2k |
| BARCLAYS PLC 0.02% of their portfolio | 3.2m $36.1m | Reduced -14.5m |
| Invesco Ltd. 0.01% of their portfolio | 2.8m $31.1m | Added +1.9m |
| Clearbridge Investments, LLC 0.03% of their portfolio | 2.6m $29.5m | New |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 2.6m $29.2m | Reduced -2.3m |
| Owl Creek Asset Management, L.P. 2.35% of their portfolio | 2.6m $29.0m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.6m $28.7m | Reduced -965.1k |
| GOLDENTREE ASSET MANAGEMENT LP 2.53% of their portfolio | 2.5m $27.9m | New |
| MOORE CAPITAL MANAGEMENT, LP 0.66% of their portfolio | 2.4m $27.2m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 2.1m $24.0m | Reduced -106.6k |
| MANGROVE PARTNERS IM, LLC 1.69% of their portfolio | 2.1m $23.8m | Added +680.0k |
| Quinn Opportunity Partners LLC 3.26% of their portfolio | 2.1m $23.6m | Added +2.0m |
| Legal & General Group Plc 0.01% of their portfolio | 2.0m $22.3m | Reduced -197.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.9m $34.3m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.9m $22.0m | Reduced -475.8k |
| Retirement Systems of Alabama 0.09% of their portfolio | 1.8m $20.8m | Added +253.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.8m $20.8m | Reduced -620.9k |
| Madison Avenue Partners, LP 4.53% of their portfolio | 1.8m $20.8m | Added +1.2m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 1.8m $20.3m | Added +1.4m |
| Carlson Capital, L.P. 1.66% of their portfolio | 1.7m $19.4m | Reduced -442.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 1.6m $18.6m | Reduced -10.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 1.6m $18.6m | Added +66.8k |
| Gillson Capital LP 1.58% of their portfolio | 1.6m $18.0m | New |
| WATER ISLAND CAPITAL LLC 1.65% of their portfolio | 1.6m $17.7m | Reduced -1.5m |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.28% of their portfolio | 1.4m $16.3m | New |
| APG Asset Management N.V. 0.03% of their portfolio | 1.4m $14.6m | Reduced -107.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.4m $15.6m | Reduced -10.1k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.3m $14.7m | Added +844.9k |
| GREENLIGHT CAPITAL INC 0.69% of their portfolio | 1.3m $14.6m | New |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 1.3m $14.5m | Added +1.1m |
| Melqart Asset Management (UK) Ltd 1.31% of their portfolio | 1.3m $14.3m | Reduced -1.2m |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 1.1m $12.8m | Added +117.2k |
| South Dakota Investment Council 0.25% of their portfolio | 1.1m $11.9m | Added +700.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 997.0k $11.2m | Added +307.5k |
| Huber Capital Management LLC 2.56% of their portfolio | 946.4k $10.7m | Added +38.6k |
| CITIGROUP INC 0.01% of their portfolio | 935.2k $10.5m | Added +120.9k |
| PORTLAND INVESTMENT COUNSEL INC. 5.19% of their portfolio | 931.4k $10.5m | Reduced -7.3k |
| Trexquant Investment LP 0.27% of their portfolio | 913.6k $10.3m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 891.9k $10.1m | Reduced -5.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 886.8k $10.0m | Reduced -202.8k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 875.8k $9.9m | New |
| NATIXIS 0.08% of their portfolio | 866.2k $9.8m | Added +553.7k |
| STRS OHIO 0.04% of their portfolio | 860.0k $9.7m | Reduced -493.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 857.0k $9.7m | Reduced -2.1m |
| PRIVATE MANAGEMENT GROUP INC 0.41% of their portfolio | 854.6k $9.6m | Added +805.9k |
| Walleye Capital LLC 0.17% of their portfolio | 853.7k $9.6m | Added +780.6k |
| MONEY CONCEPTS CAPITAL CORP 0.98% of their portfolio | 853.1k $9.6m | New |
| MARSHALL WACE, LLP 0.02% of their portfolio | 848.5k $9.6m | Reduced -1.6m |
| Westchester Capital Management, LLC 0.33% of their portfolio | 843.2k $9.5m | Reduced -7.0m |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 814.3k $9.2m | Reduced -304.4k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.06% of their portfolio | 811.2k $9.1m | Reduced -16.7k |
| Arnhold LLC 1.03% of their portfolio | 802.7k $9.0m | Added +516.8k |
| Leeward Investments, LLC - MA 0.40% of their portfolio | 758.2k $8.5m | Added +260.9k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 755.9k $8.5m | Reduced -159.8k |
| Hudson Bay Capital Management LP 0.08% of their portfolio | 743.2k $8.4m | Added +695.3k |
| Numerai GP LLC 1.68% of their portfolio | 730.3k $8.2m | New |
| Amundi 0.00% of their portfolio | 712.2k $8.2m | Reduced -406.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 704.5k $7.9m | Reduced -106.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 698.6k $7.9m | Added +64.1k |
| Rafferty Asset Management, LLC 0.04% of their portfolio | 677.2k $7.6m | Added +278.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 668.2k $7.5m | Added +411.9k |
| Alberta Investment Management Corp 0.07% of their portfolio | 641.0k $7.2m | Unchanged |
| GABELLI FUNDS LLC 0.05% of their portfolio | 640.6k $7.2m | Reduced -939.2k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 613.5k $6.9m | Added +108.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 604.9k $6.8m | Reduced -61.4k |
| LSV ASSET MANAGEMENT 0.02% of their portfolio | 604.5k $6.8m | Added +598.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 588.5k $6.6m | Reduced -31.6k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 579.9k $6.5m | Added +37.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 577.9k $6.5m | Added +24.2k |
| Squarepoint Ops LLC 0.04% of their portfolio | 575.1k $6.5m | Added +448.2k |
| Pentwater Capital Management LP 0.08% of their portfolio | 551.4k $6.2m | Reduced -4.7m |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 533.0k $6.0m | New |