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 ($38.9m this quarter). Holder counts are more reliable. Shares outstanding: 507.7m as of 2025-07-31, 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 ≈ $21.21. Options: 17 managers hold calls ($40.3m notional), 8 hold puts ($11.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 567 |
| Q4 2022 | 613 |
| Q1 2023 | 586 |
| Q2 2023 | 563 |
| Q3 2023 | 558 |
| Q4 2023 | 549 |
| Q1 2024 | 541 |
| Q2 2024 | 552 |
| Q3 2024 | 562 |
| Q4 2024 | 565 |
| Q1 2025 | 557 |
| Q2 2025 | 559 |
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 | 251 | 271 |
| Q4 2023 | 238 | 305 |
| Q1 2024 | 244 | 260 |
| Q2 2024 | 249 | 249 |
| Q3 2024 | 283 | 253 |
| Q4 2024 | 237 | 296 |
| Q1 2025 | 246 | 272 |
| Q2 2025 | 242 | 266 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $24.6m | $22.3m | 0.91 |
| Q4 2024 | $52.6m | $25.2m | 0.48 |
| Q1 2025 | $32.5m | $15.7m | 0.48 |
| Q2 2025 | $40.3m | $11.9m | 0.29 |
Biggest buyers
| Balyasny Asset Management L.P. | Added | +4.0m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +3.8m |
| Alyeska Investment Group, L.P. | Added | +3.8m |
| FMR LLC | Added | +3.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.8m |
| Azora Capital LP | Added | +2.4m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.3m |
| JPMORGAN CHASE & CO | Added | +2.1m |
| UBS Group AG | Added | +1.9m |
| ROYAL BANK OF CANADA | Added | +1.9m |
Biggest sellers
| Bank of New York Mellon Corp | Reduced | -3.2m |
| SAMLYN CAPITAL, LLC | Sold out | -3.1m |
| VANGUARD GROUP INC | Reduced | -2.4m |
| STATE STREET CORP | Reduced | -2.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.0m |
| BlackRock, Inc. | Reduced | -1.9m |
| Point72 Asset Management, L.P. | Reduced | -1.6m |
| Phoenix Financial Ltd. | Sold out | -1.5m |
| Zurich Insurance Group Ltd/FI | Sold out | -926.6k |
| Ategra Capital Management, LLC | Sold out | -628.6k |
Biggest calls
| Balyasny Asset Management L.P. | New | $11.8m556.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.0m332.5k shares |
| JANE STREET GROUP, LLC | Added | $5.0m234.0k shares |
| CITADEL ADVISORS LLC | Added | $4.2m200.0k shares |
| IMC-Chicago, LLC | Added | $2.7m127.1k shares |
| Squarepoint Ops LLC | Unchanged | $2.0m96.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.5m72.5k shares |
| GARDA CAPITAL PARTNERS LP | Unchanged | $1.2m55.0k shares |
| Walleye Trading LLC | Added | $1.1m51.1k shares |
| WOLVERINE TRADING, LLC | New | $980.5k46.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.4m209.1k shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $2.1m100.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m72.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.2m58.7k shares |
| JANE STREET GROUP, LLC | Reduced | $973.1k45.9k shares |
| Walleye Capital LLC | Added | $682.6k32.2k shares |
| Walleye Trading LLC | Added | $585.1k27.6k shares |
| WOLVERINE TRADING, LLC | New | $290.4k13.8k 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 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 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 3 | $2.4m | — |
| Q1 2025 | 0 | — | 1 | $2.3m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 57.4m $1.2bn | Reduced -1.9m |
| VANGUARD GROUP INC 0.02% of their portfolio | 50.8m $1.1bn | Reduced -2.4m |
| Bank of New York Mellon Corp 0.13% of their portfolio | 33.6m $712.5m | Reduced -3.2m |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 21.0m $446.2m | Added +2.3m |
| STATE STREET CORP 0.02% of their portfolio | 20.7m $441.2m | Reduced -2.4m |
| FMR LLC 0.02% of their portfolio | 15.7m $332.6m | Added +3.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 15.4m $327.1m | Added +2.8m |
| MILLENNIUM MANAGEMENT LLC 0.28% of their portfolio | 14.5m $307.2m | Reduced -2.0m |
| LSV ASSET MANAGEMENT 0.67% of their portfolio | 13.5m $285.3m | Added +646.1k |
| North Reef Capital Management LP 11.82% of their portfolio | 12.6m $266.6m | Added +200.0k |
| Balyasny Asset Management L.P. 0.45% of their portfolio | 9.4m $198.9m | Added +4.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 9.0m $189.8m | Reduced -277.0k |
| Invesco Ltd. 0.03% of their portfolio | 7.0m $148.6m | Added +255.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 6.7m $142.9m | Added +2.1m |
| NORGES BANK 0.02% of their portfolio | 6.2m $131.4m | Reduced -160.5k |
| Alyeska Investment Group, L.P. 0.45% of their portfolio | 5.9m $125.8m | Added +3.8m |
| UBS Group AG 0.03% of their portfolio | 5.8m $122.0m | Added +1.9m |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 5.6m $119.6m | Reduced -132.9k |
| Clearbridge Investments, LLC 0.09% of their portfolio | 5.4m $115.2m | Reduced -146.8k |
| FIL Ltd 0.09% of their portfolio | 5.0m $105.4m | Added +1.1m |
| MORGAN STANLEY 0.01% of their portfolio | 4.9m $103.5m | Added +241.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.6m $98.1m | Reduced -304.5k |
| Sculptor Capital LP 1.54% of their portfolio | 4.5m $95.4m | Reduced -367.0k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 3.8m $81.1m | Reduced -368.4k |
| Freestone Grove Partners LP 0.61% of their portfolio | 3.8m $81.0m | Reduced -112.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio | 3.8m $79.8m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.5m $73.9m | Reduced -40.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 3.4m $73.0m | Added +1.9m |
| JOHNSON INVESTMENT COUNSEL INC 0.60% of their portfolio | 3.2m $66.8m | Added +366.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 3.0m $64.5m | Reduced -149.5k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 2.8m $59.0m | Reduced -626.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 2.7m $58.1m | Reduced -450.0k |
| Azora Capital LP 2.50% of their portfolio | 2.6m $55.3m | Added +2.4m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.4m $50.6m | Reduced -69.1k |
| ALGEBRIS (UK) LTD 7.17% of their portfolio | 2.1m $45.5m | Added +816.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $45.1m | Added +418.6k |
| Nuveen, LLC 0.01% of their portfolio | 1.9m $41.0m | Reduced -466.8k |
| Leeward Investments, LLC - MA 2.00% of their portfolio | 1.8m $37.6m | Reduced -55.8k |
| Verition Fund Management LLC 0.22% of their portfolio | 1.8m $37.6m | Reduced -228.4k |
| Amundi 0.01% of their portfolio | 1.7m $37.3m | Reduced -27.8k |
| Retirement Systems of Alabama 0.13% of their portfolio | 1.7m $36.2m | Reduced -17.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 1.4m $29.9m | Reduced -46.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.26% of their portfolio | 1.3m $27.6m | Added +820.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.2m $24.8m | Reduced -48.3k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 1.1m $23.5m | Reduced -579.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.18% of their portfolio | 1.1m $22.4m | Unchanged |
| Swiss National Bank 0.01% of their portfolio | 982.3k $20.8m | Reduced -44.8k |
| Legal & General Group Plc 0.01% of their portfolio | 966.4k $20.5m | Reduced -123.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 936.8k $19.9m | Reduced -376.4k |
| Fisher Asset Management, LLC 0.01% of their portfolio | 898.4k $19.0m | Reduced -40.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 889.8k $18.9m | Added +75.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 874.6k $18.5m | Added +16.3k |
| Holocene Advisors, LP 0.04% of their portfolio | 845.6k $17.9m | New |
| Interval Partners, LP 0.40% of their portfolio | 827.7k $17.5m | Added +106.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 744.9k $15.8m | New |
| PICTON MAHONEY ASSET MANAGEMENT 0.22% of their portfolio | 729.4k $15.5m | Added +728.1k |
| PRIVATE MANAGEMENT GROUP INC 0.48% of their portfolio | 699.3k $14.8m | Reduced -3.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 670.2k $14.2m | Added +177.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 631.8k $13.4m | Reduced -49.2k |
| Huber Capital Management LLC 2.21% of their portfolio | 613.2k $13.0m | Unchanged |
| Cinctive Capital Management LP 0.72% of their portfolio | 607.3k $12.9m | Added +209.3k |
| Rafferty Asset Management, LLC 0.04% of their portfolio | 564.3k $12.0m | Reduced -94.6k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 561.6k $11.9m | Reduced -123.0k |
| MALTESE CAPITAL MANAGEMENT LLC 1.67% of their portfolio | 560.0k $11.9m | Reduced -45.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 548.1k $11.6m | Reduced -860 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 545.7k $11.6m | Reduced -100.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 543.5k $11.5m | Reduced -350.6k |
| Point72 Europe (London) LLP 0.57% of their portfolio | 525.8k $11.1m | Reduced -59.4k |
| MENDON CAPITAL ADVISORS CORP 5.30% of their portfolio | 515.5k $10.9m | Added +7.8k |
| MERITAGE PORTFOLIO MANAGEMENT 0.67% of their portfolio | 500.5k $10.6m | Reduced -529 |
| Curi Capital, LLC 0.20% of their portfolio | 500.0k $10.6m | Unchanged |
| Phocas Financial Corp. 1.52% of their portfolio | 499.7k $10.6m | Added +73 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 493.6k $10.5m | Reduced -2.0k |
| CITIGROUP INC 0.01% of their portfolio | 483.3k $10.2m | Added +13.7k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.05% of their portfolio | 482.9k $10.2m | Reduced -166.5k |
| NFC Investments, LLC 2.91% of their portfolio | 480.7k $10.2m | Added +5.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 477.9k $10.1m | Added +92.6k |
| BARCLAYS PLC 0.00% of their portfolio | 471.1k $10.0m | Reduced -33.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 463.3k $9.8m | Added +53.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 427.3k $9.1m | Reduced -627 |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 426.9k $9.0m | Added +29.7k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 423.9k $9.0m | Added +102.1k |
| ALGERT GLOBAL LLC 0.18% of their portfolio | 411.1k $8.7m | Reduced -353.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 405.8k $8.6m | Added +2.4k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 382.9k $8.1m | New |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 381.4k $8.1m | Reduced -16.2k |
| Brandywine Global Investment Management, LLC 0.06% of their portfolio | 371.8k $7.9m | Added +214.9k |
| Boston Partners 0.01% of their portfolio | 371.7k $7.9m | Reduced -24.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 361.0k $7.7m | Added +1.3k |
| Duncan Williams Asset Management, LLC 2.40% of their portfolio | 358.8k $7.6m | Added +41 |
| HIGHLAND CAPITAL MANAGEMENT, LLC 0.40% of their portfolio | 351.6k $7.5m | Reduced -31.8k |
| STRS OHIO 0.03% of their portfolio | 346.9k $7.4m | Added +23.5k |
| Symmetry Investments LP 0.61% of their portfolio | 341.5k $7.2m | New |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 337.4k $7.2m | Reduced -1.6m |
| New Age Alpha Advisors, LLC 0.31% of their portfolio | 332.8k $7.1m | Reduced -13.1k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 322.4k $6.8m | Added +237 |
| INTECH INVESTMENT MANAGEMENT LLC 0.06% of their portfolio | 320.8k $6.8m | Reduced -239.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 315.5k $6.7m | Reduced -10.0k |
| Simplicity Wealth,LLC 0.28% of their portfolio | 312.0k $6.6m | New |
| Brevan Howard Capital Management LP 0.07% of their portfolio | 308.8k $6.5m | Added +216.4k |