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 ($109.5m this quarter). Holder counts are more reliable. Shares outstanding: 473.8m as of 2026-07-31, 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 ≈ $25.64. Options: 13 managers hold calls ($108.9m notional), 11 hold puts ($67.7m).
Trends to Q2 2026
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 |
| Q3 2025 | 583 |
| Q4 2025 | 624 |
| Q1 2026 | 645 |
| Q2 2026 | 675 |
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 2024 | 283 | 253 |
| Q4 2024 | 237 | 296 |
| Q1 2025 | 246 | 272 |
| Q2 2025 | 242 | 266 |
| Q3 2025 | 269 | 233 |
| Q4 2025 | 271 | 267 |
| Q1 2026 | 314 | 269 |
| Q2 2026 | 304 | 292 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $219.9m | $36.8m | 0.17 |
| Q4 2025 | $732.3m | $99.7m | 0.14 |
| Q1 2026 | $303.4m | $70.9m | 0.23 |
| Q2 2026 | $108.9m | $67.7m | 0.62 |
Biggest buyers
| PRIMECAP MANAGEMENT CO/CA/ | New | +2.2m |
| Holocene Advisors, LP | Added | +1.6m |
| BlackRock, Inc. | Added | +1.5m |
| Artemis Investment Management LLP | Added | +1.4m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.3m |
| BANK OF NOVA SCOTIA | New | +1.3m |
| CITADEL ADVISORS LLC | Added | +1.1m |
| LSV ASSET MANAGEMENT | Added | +1.1m |
| ROYAL BANK OF CANADA | Added | +938.8k |
| BANK OF AMERICA CORP /DE/ | Added | +911.6k |
Biggest sellers
| North Reef Capital Management LP | Reduced | -5.3m |
| Freestone Grove Partners LP | Reduced | -1.9m |
| JANE STREET GROUP, LLC | Reduced | -1.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.6m |
| Balyasny Asset Management L.P. | Reduced | -1.5m |
| Alyeska Investment Group, L.P. | Reduced | -1.4m |
| Engineers Gate Manager LP | Reduced | -1.2m |
| HRT FINANCIAL LP | Reduced | -975.8k |
| 12th Street Asset Management Company, LLC | Sold out | -698.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Sold out | -600.1k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Reduced | $38.8m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.2m866.7k shares |
| Walleye Trading LLC | Added | $9.6m375.5k shares |
| JANE STREET GROUP, LLC | Reduced | $9.4m364.8k shares |
| IMC-Chicago, LLC | Reduced | $7.6m295.7k shares |
| Caption Management, LLC | Added | $6.2m240.0k shares |
| CITADEL ADVISORS LLC | Reduced | $5.6m217.4k shares |
| GROUP ONE TRADING LLC | Reduced | $3.9m153.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.7m67.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.4m54.6k shares |
Biggest puts
| PEAK6 LLC | Reduced | $29.7m1.2m shares |
| Parallax Volatility Advisers, L.P. | Unchanged | $17.2m670.0k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $7.4m287.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.8m226.4k shares |
| Caption Management, LLC | Unchanged | $2.6m100.0k shares |
| Walleye Trading LLC | Added | $1.6m62.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.5m57.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.4m54.5k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $512.8k20.0k shares |
| Walleye Capital LLC | Unchanged | $53.8k2.1k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $2.4m | — |
| Q1 2025 | 0 | — | 1 | $2.3m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $3.3m | — |
| Q4 2025 | 0 | — | 2 | $3.5m | — |
| Q1 2026 | 0 | — | 2 | $2.2m | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $455.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-20 | ARDOIN ELIZABETH A SEVP, Chief Communications Ofc | Sold | $455.2k18.3k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 58.7m $1.5bn | Added +1.5m |
| Bank of New York Mellon Corp 0.12% of their portfolio | 29.2m $747.4m | Reduced -293.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 22.4m $574.9m | Reduced -478.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 21.4m $548.5m | Reduced -222.1k |
| STATE STREET CORP 0.01% of their portfolio | 18.4m $474.6m | Added +43.8k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 16.4m $420.0m | Added +787.3k |
| LSV ASSET MANAGEMENT 0.61% of their portfolio | 13.1m $336.2m | Added +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 12.7m $326.4m | Reduced -1.6m |
| North Reef Capital Management LP 9.05% of their portfolio | 9.2m $235.9m | Reduced -5.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 9.1m $232.2m | Reduced -76.8k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 8.8m $224.9m | Added +1.3m |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 8.1m $207.2m | Added +1.1m |
| Artemis Investment Management LLP 1.64% of their portfolio | 7.2m $184.0m | Added +1.4m |
| FMR LLC 0.01% of their portfolio | 6.4m $164.8m | Added +11.7k |
| MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio | 6.2m $158.2m | Reduced -127.5k |
| NORGES BANK 0.02% of their portfolio | 6.1m $156.4m | Not comparable |
| MORGAN STANLEY 0.01% of their portfolio | 5.4m $139.0m | Reduced -553.6k |
| Invesco Ltd. 0.01% of their portfolio | 5.0m $128.0m | Added +410.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.37% of their portfolio | 4.8m $123.3m | Reduced -249.9k |
| Clearbridge Investments, LLC 0.10% of their portfolio | 4.7m $119.5m | Reduced -343.1k |
| FIL Ltd 0.08% of their portfolio | 4.3m $111.2m | Reduced -92.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 4.3m $110.0m | Reduced -65.3k |
| UBS Group AG 0.02% of their portfolio | 3.9m $99.6m | Added +716.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 3.8m $96.7m | Added +911.6k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 3.7m $94.9m | Added +564.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 3.7m $94.7m | Reduced -102.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.5m $89.5m | Reduced -29.8k |
| Sculptor Capital LP 0.88% of their portfolio | 3.3m $84.6m | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 3.3m $84.3m | Added +196.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.3m $84.0m | Reduced -374.1k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 3.0m $76.9m | Reduced -5.3k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 2.5m $64.1m | Added +690.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio | 2.3m $58.8m | Added +431.8k |
| Holocene Advisors, LP 0.13% of their portfolio | 2.2m $57.4m | Added +1.6m |
| PRIMECAP MANAGEMENT CO/CA/ 0.03% of their portfolio | 2.2m $57.1m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.1m $53.0m | Added +65.7k |
| JOHNSON INVESTMENT COUNSEL INC 0.38% of their portfolio | 2.0m $51.4m | Reduced -194.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio | 1.9m $49.3m | Added +724.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.8m $47.1m | Added +938.8k |
| Cullen Capital Management, LLC 0.46% of their portfolio | 1.8m $47.0m | Reduced -132.7k |
| Bridgewater Associates, LP 0.17% of their portfolio | 1.6m $41.9m | Added +1.8k |
| Nuveen, LLC 0.01% of their portfolio | 1.5m $39.3m | Reduced -183.2k |
| Alyeska Investment Group, L.P. 0.10% of their portfolio | 1.5m $38.0m | Reduced -1.4m |
| Freestone Grove Partners LP 0.23% of their portfolio | 1.4m $35.5m | Reduced -1.9m |
| Fisher Asset Management, LLC 0.01% of their portfolio | 1.3m $33.9m | Reduced -23.7k |
| TUDOR INVESTMENT CORP ET AL 0.14% of their portfolio | 1.3m $33.3m | Added +845.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 1.3m $32.8m | Reduced -36.9k |
| Schonfeld Strategic Advisors LLC 0.17% of their portfolio | 1.3m $32.2m | Added +612.9k |
| BANK OF NOVA SCOTIA 0.05% of their portfolio | 1.3m $32.2m | New |
| Retirement Systems of Alabama 0.09% of their portfolio | 1.2m $31.5m | Reduced -103.7k |
| Verition Fund Management LLC 0.21% of their portfolio | 1.2m $30.5m | Added +577.0k |
| Interval Partners, LP 0.91% of their portfolio | 1.1m $28.3m | Added +1.2k |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.16% of their portfolio | 1.1m $27.7m | Reduced -23.8k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 1.1m $27.5m | Reduced -1.5m |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.18% of their portfolio | 1.1m $26.9m | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.0m $26.5m | Reduced -7.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.0m $26.3m | Reduced -75.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 1.0m $26.2m | Reduced -14.4k |
| ALGERT GLOBAL LLC 0.31% of their portfolio | 1.0m $26.0m | Reduced -22.0k |
| Swiss National Bank 0.01% of their portfolio | 958.4k $24.6m | Reduced -16.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 880.2k $22.6m | Added +752.2k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.08% of their portfolio | 873.7k $22.4m | Reduced -6.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 870.6k $22.3m | Added +330.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 838.6k $21.5m | Added +8.0k |
| BARCLAYS PLC 0.01% of their portfolio | 828.8k $21.3m | Added +318.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 827.2k $21.2m | Added +113.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.38% of their portfolio | 783.0k $20.1m | Added +711.6k |
| Arbejdsmarkedets Tillaegspension 0.42% of their portfolio | 756.6k $19.4m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 743.5k $19.1m | Reduced -288.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 691.2k $15.7m | Reduced -74.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 679.6k $17.4m | Added +3.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 676.1k $17.3m | Added +358.2k |
| Legal & General Group Plc 0.00% of their portfolio | 650.3k $16.7m | Reduced -13.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 629.2k $16.1m | Added +59.7k |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 581.6k $14.9m | New |
| Huber Capital Management LLC 2.17% of their portfolio | 574.3k $14.7m | Unchanged |
| HANCOCK WHITNEY CORP 0.25% of their portfolio | 573.9k $14.7m | Added +525.4k |
| Leeward Investments, LLC - MA 0.67% of their portfolio | 572.6k $14.7m | Reduced -406.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 554.2k $14.2m | Reduced -44.5k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 552.1k $14.2m | Added +39.7k |
| SummitTX Capital, L.P. 0.37% of their portfolio | 543.2k $13.9m | Added +487.3k |
| Boston Partners 0.01% of their portfolio | 540.1k $13.8m | Added +111.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 534.0k $13.7m | Added +39.1k |
| Carlson Capital, L.P. 2.73% of their portfolio | 516.7k $13.2m | Added +459.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 511.9k $13.1m | Reduced -149.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 492.1k $12.6m | Added +16.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 490.3k $12.6m | Added +103.1k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.66% of their portfolio | 486.4k $12.5m | Added +193.9k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 472.5k $12.1m | Added +27.4k |
| PRIVATE MANAGEMENT GROUP INC 0.32% of their portfolio | 471.5k $12.1m | Reduced -32.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 458.5k $11.8m | Added +14.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 457.6k $11.7m | Reduced -30.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 457.0k $11.7m | Added +25.8k |
| CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio | 439.2k $11.3m | Reduced -1.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 425.9k $10.9m | Added +275.0k |
| HRT FINANCIAL LP 0.03% of their portfolio | 412.3k $10.6m | Reduced -975.8k |
| MENDON CAPITAL ADVISORS CORP 3.72% of their portfolio | 410.0k $10.5m | Reduced -18.6k |
| Quantinno Capital Management LP 0.01% of their portfolio | 409.3k $10.5m | Added +61.9k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 407.1k $10.4m | Added +24.8k |
| Curi Capital, LLC 0.16% of their portfolio | 404.6k $10.4m | Reduced -7.6k |