KEYCORP KEY
COM · Common Stock · CUSIP 493267108 · ISIN US4932671088
American regional bank headquartered in Cleveland, Ohio
* 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 ($32.2m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn 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 ≈ $23.04. Options: 25 managers hold calls ($125.5m notional), 16 hold puts ($78.3m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 803 |
| Q4 2022 | 822 |
| Q1 2023 | 785 |
| Q2 2023 | 772 |
| Q3 2023 | 725 |
| Q4 2023 | 800 |
| Q1 2024 | 798 |
| Q2 2024 | 787 |
| Q3 2024 | 796 |
| Q4 2024 | 813 |
| Q1 2025 | 791 |
| Q2 2025 | 794 |
| Q3 2025 | 817 |
| Q4 2025 | 876 |
| Q1 2026 | 892 |
| Q2 2026 | 938 |
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 | 350 | 385 |
| Q4 2024 | 359 | 343 |
| Q1 2025 | 349 | 379 |
| Q2 2025 | 367 | 367 |
| Q3 2025 | 372 | 334 |
| Q4 2025 | 420 | 330 |
| Q1 2026 | 442 | 360 |
| Q2 2026 | 445 | 367 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $154.9m | $180.3m | 1.16 |
| Q4 2025 | $207.2m | $216.4m | 1.04 |
| Q1 2026 | $122.3m | $108.5m | 0.89 |
| Q2 2026 | $125.5m | $78.3m | 0.62 |
Biggest buyers
| DEUTSCHE BANK AG\ | Added | +6.5m |
| STATE STREET CORP | Added | +4.2m |
| Artemis Investment Management LLP | Added | +3.7m |
| FMR LLC | Added | +3.5m |
| Point72 Asset Management, L.P. | Added | +3.4m |
| Alyeska Investment Group, L.P. | Added | +2.9m |
| JPMORGAN CHASE & CO | Added | +2.3m |
| PFA Pension, Forsikringsaktieselskab | New | +2.3m |
| MARSHALL WACE, LLP | Added | +2.2m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Added | +1.9m |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -8.0m |
| BANK OF NOVA SCOTIA | Reduced | -5.2m |
| North Reef Capital Management LP | Reduced | -4.4m |
| Freestone Grove Partners LP | Sold out | -3.9m |
| UBS Group AG | Reduced | -3.7m |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -2.9m |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Reduced | -2.7m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -2.0m |
| Eurizon Capital SGR S.p.A. | Reduced | -2.0m |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -1.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $31.1m1.3m shares |
| GOLDMAN SACHS GROUP INC | Added | $16.2m701.5k shares |
| IMC-Chicago, LLC | Added | $11.4m493.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $10.8m467.0k shares |
| CITADEL ADVISORS LLC | Reduced | $10.0m434.6k shares |
| CITIGROUP INC | Added | $10.0m432.0k shares |
| JANE STREET GROUP, LLC | Reduced | $9.2m399.2k shares |
| D. E. Shaw & Co., Inc. | Added | $4.8m206.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $3.3m143.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.0m131.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.2m486.9k shares |
| UBS Group AG | Reduced | $10.9m474.7k shares |
| PEAK6 LLC | Reduced | $9.6m415.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $9.0m391.6k shares |
| CITIGROUP INC | Reduced | $6.8m295.0k shares |
| GOLDMAN SACHS GROUP INC | Unchanged | $4.6m201.5k shares |
| JANE STREET GROUP, LLC | Reduced | $4.4m191.6k shares |
| Balyasny Asset Management L.P. | Reduced | $4.3m187.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $3.8m166.8k shares |
| Walleye Trading LLC | Reduced | $3.4m147.8k 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 |
|---|---|
BANK OF NOVA SCOTIA
13D · may seek influence
new · filed 2025-01-06
Stated purposeThe information set forth in or incorporated by reference in Item 3 and Item 6 of this Schedule 13D is hereby incorporated by reference in its entirety into this Item 4. The Reporting Person acquired the securities reported herein for strategic investment purposes and intends to review its investments in the Issuer on a continuing basis. Any actions the Reporting Person might undertake may be made at any time and from time to time without prior notice and will be dependent upon the Reporting Person's review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels of the Issuer's securities; various laws and regulations applicable to the Issuer or the Reporting Person and their respect… Full filing |
14.9% |
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PRICE T ROWE ASSOCIATES INC /MD/ (2.1%, 2026-02-17)
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 | $1.7m | — |
| Q1 2025 | 1 | $892.5k | 2 | $1.0m | — |
| Q2 2025 | 4 | $151.8k | 2 | $388.7k | — |
| Q3 2025 | 0 | — | 4 | $4.2m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 3 | $3.6m | — |
| Q2 2026 | 0 | — | 2 | $994.4k | — |
| Q3 2026 | 0 | — | 1 | $568.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-22 | Ramani Mohit Chief Risk Officer | Sold | $568.5k25.0k shares |
| 2026-06-03 | Gile Elizabeth R. Director | Sold | $500.0k23.9k shares |
| 2026-05-08 | Mago Angela G Chief Human Resources Officer | Sold | $494.4k22.8k 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 |
|---|---|---|
| BANK OF NOVA SCOTIA 5.50% of their portfolio | 157.8m $3.6bn | Reduced -5.2m |
| BlackRock, Inc. 0.03% of their portfolio | 88.5m $2.0bn | Reduced -257.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 65.5m $1.5bn | Reduced -395.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 51.9m $1.2bn | Added +375.5k |
| STATE STREET CORP 0.04% of their portfolio | 51.4m $1.2bn | Added +4.2m |
| FMR LLC 0.05% of their portfolio | 50.3m $1.2bn | Added +3.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 25.6m $588.3m | Added +194.3k |
| Invesco Ltd. 0.04% of their portfolio | 20.9m $481.5m | Added +1.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 17.9m $413.7m | Added +1.3m |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 16.5m $380.2m | Added +6.5m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 14.8m $342.2m | Added +352.6k |
| MORGAN STANLEY 0.02% of their portfolio | 13.7m $315.9m | Reduced -296.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio | 13.3m $305.5m | Added +1.4m |
| Capital World Investors 0.03% of their portfolio | 12.8m $295.7m | Added +586.7k |
| NORGES BANK 0.03% of their portfolio | 12.2m $280.8m | Not comparable |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 11.9m $275.0m | Added +1.2m |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 9.2m $212.4m | Reduced -8.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 9.2m $211.5m | Reduced -121.5k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 9.2m $211.4m | Reduced -872.7k |
| Ninety One UK Ltd 0.47% of their portfolio | 9.1m $210.5m | Reduced -470.5k |
| North Reef Capital Management LP 7.29% of their portfolio | 8.2m $190.2m | Reduced -4.4m |
| Artemis Investment Management LLP 1.56% of their portfolio | 7.6m $174.7m | Added +3.7m |
| HoldCo Asset Management, LP 11.03% of their portfolio | 7.5m $171.9m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 6.7m $153.3m | Reduced -1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 6.6m $151.1m | Reduced -1.6m |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.49% of their portfolio | 6.5m $149.7m | Added +1.3m |
| Balyasny Asset Management L.P. 0.26% of their portfolio | 6.2m $142.6m | Reduced -292.8k |
| Legal & General Group Plc 0.03% of their portfolio | 6.2m $142.2m | Added +528.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 6.0m $137.9m | Added +2.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.9m $135.8m | Added +221.2k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 5.4m $124.2m | Added +250.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 5.3m $122.8m | Reduced -167.3k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 5.3m $122.2m | Reduced -91.3k |
| BARCLAYS PLC 0.04% of their portfolio | 5.1m $118.1m | Added +117.8k |
| Alyeska Investment Group, L.P. 0.27% of their portfolio | 4.6m $106.1m | Added +2.9m |
| Qube Research & Technologies Ltd 0.10% of their portfolio | 3.9m $89.2m | Added +651.0k |
| Point72 Asset Management, L.P. 0.13% of their portfolio | 3.8m $87.1m | Added +3.4m |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 3.7m $85.6m | Added +1.9m |
| Prana Capital Management, LP 2.58% of their portfolio | 3.7m $84.7m | Reduced -223.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.66% of their portfolio | 3.6m $82.2m | Reduced -2.7m |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 3.4m $79.2m | Reduced -2.0m |
| UBS Group AG 0.01% of their portfolio | 3.1m $72.2m | Reduced -3.7m |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 3.0m $70.3m | Added +97.0k |
| PANAGORA ASSET MANAGEMENT INC 0.21% of their portfolio | 3.0m $70.0m | Reduced -1.6m |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 2.9m $67.9m | Added +55.2k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 2.9m $66.2m | Added +2.2m |
| Amundi 0.02% of their portfolio | 2.9m $65.9m | Reduced -701.4k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.8m $64.1m | Added +875.1k |
| Nuveen, LLC 0.01% of their portfolio | 2.7m $61.9m | Added +40.7k |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 2.6m $60.8m | Added +213.1k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 2.5m $57.5m | Reduced -169.4k |
| Korea Investment CORP 0.11% of their portfolio | 2.4m $56.1m | Added +162.5k |
| PFA Pension, Forsikringsaktieselskab 0.14% of their portfolio | 2.3m $53.5m | New |
| Swiss Life Asset Management Ltd 0.22% of their portfolio | 2.3m $52.1m | Reduced -124.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 2.2m $51.8m | Added +115.9k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 2.1m $48.9m | Added +221.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 2.1m $48.0m | Added +1.8m |
| Vanguard Global Advisers, LLC 0.02% of their portfolio | 2.0m $47.1m | Reduced -61.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 2.0m $46.1m | Reduced -68.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 1.9m $44.9m | Added +461.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 1.9m $43.8m | Reduced -120.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.9m $43.8m | Added +166.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.79% of their portfolio | 1.8m $41.7m | Added +254.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 1.7m $40.0m | Added +169.7k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 1.7m $39.6m | Reduced -51.1k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 1.7m $39.6m | Reduced -980.9k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 1.7m $39.2m | Unchanged |
| California Public Employees Retirement System 0.02% of their portfolio | 1.6m $37.3m | Reduced -147.7k |
| PZENA INVESTMENT MANAGEMENT LLC 0.11% of their portfolio | 1.6m $36.8m | Reduced -61.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio | 1.6m $36.5m | Reduced -1.1m |
| Bridgewater Associates, LP 0.15% of their portfolio | 1.6m $36.3m | Added +609.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio | 1.6m $36.1m | Added +689.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.6m $35.9m | Added +60.5k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 1.5m $35.1m | Added +508.6k |
| Longaeva Partners L.P. 1.01% of their portfolio | 1.5m $35.0m | Reduced -1.5m |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.4m $32.5m | Reduced -925.0k |
| Walleye Capital LLC 0.15% of their portfolio | 1.4m $31.8m | Added +1.0m |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 1.34% of their portfolio | 1.4m $31.2m | Reduced -66.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 1.4m $31.2m | Reduced -48.0k |
| Quantinno Capital Management LP 0.04% of their portfolio | 1.3m $31.1m | Added +201.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.2m $28.7m | Reduced -682.9k |
| CITIGROUP INC 0.01% of their portfolio | 1.2m $28.0m | Added +95.3k |
| ALPS ADVISORS INC 0.13% of their portfolio | 1.2m $27.5m | Reduced -200.2k |
| Man Group plc 0.05% of their portfolio | 1.2m $26.7m | Added +197.9k |
| KBC Group NV 0.06% of their portfolio | 1.1m $26.5m | Added +1.0m |
| Ceredex Value Advisors LLC 0.74% of their portfolio | 1.1m $26.3m | Reduced -39.8k |
| Kestra Advisory Services, LLC 0.08% of their portfolio | 1.1m $26.0m | Added +355 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 1.1m $21.8m | Reduced -105.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.1m $24.4m | Added +3.0k |
| AE Wealth Management LLC 0.11% of their portfolio | 1.0m $23.5m | Reduced -410.7k |
| Gradient Investments LLC 0.31% of their portfolio | 959.8k $22.1m | Added +9.5k |
| Focus Partners Wealth 0.02% of their portfolio | 954.9k $22.0m | Reduced -185.1k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 910.4k $21.0m | Added +531.3k |
| Clearstead Advisors, LLC 0.19% of their portfolio | 895.5k $20.6m | Reduced -63.3k |
| Cerity Partners LLC 0.02% of their portfolio | 876.7k $20.2m | Reduced -17.1k |
| SG Americas Securities, LLC 0.01% of their portfolio | 853.6k $19.7m | Reduced -956.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 853.3k $19.7m | Reduced -24.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 850.0k $19.6m | Reduced -308 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.05% of their portfolio | 824.4k $19.0m | Reduced -141.3k |
| Beck Bode, LLC 2.88% of their portfolio | 824.1k $19.0m | Reduced -11.2k |