FLAGSTAR FINANCIAL INC FLG
COM NEW · Common Stock · CUSIP 649445400 · ISIN US6494454001
American bank holding company
- SectorFinancials
- IndustrySavings Institutions, Not Federally Chartered
- HeadquartersHicksville, NY
- Founded1993
- Websiteflagstar.com
- 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 ($3.1m this quarter). Holder counts are more reliable. Shares outstanding: 415.1m 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 ≈ $14.90. Options: 18 managers hold calls ($177.3m notional), 15 hold puts ($137.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2024 | 1 |
| Q2 2024 | 28 |
| Q3 2024 | 354 |
| Q4 2024 | 384 |
| Q1 2025 | 391 |
| Q2 2025 | 385 |
| Q3 2025 | 381 |
| Q4 2025 | 377 |
| Q1 2026 | 387 |
| Q2 2026 | 399 |
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 | 341 | 17 |
| Q4 2024 | 196 | 178 |
| Q1 2025 | 187 | 174 |
| Q2 2025 | 194 | 178 |
| Q3 2025 | 164 | 173 |
| Q4 2025 | 145 | 198 |
| Q1 2026 | 186 | 156 |
| Q2 2026 | 205 | 141 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $242.6m | $189.8m | 0.78 |
| Q4 2025 | $208.2m | $204.5m | 0.98 |
| Q1 2026 | $163.0m | $184.6m | 1.13 |
| Q2 2026 | $177.3m | $137.2m | 0.77 |
Biggest buyers
| AMERIPRISE FINANCIAL INC | Added | +3.2m |
| GOLDMAN SACHS GROUP INC | Added | +2.2m |
| Freestone Grove Partners LP | Added | +2.1m |
| D. E. Shaw & Co., Inc. | Added | +2.0m |
| BlackRock, Inc. | Added | +1.9m |
| TUDOR INVESTMENT CORP ET AL | Added | +1.8m |
| Brevan Howard Capital Management LP | Added | +1.5m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.4m |
| ALLIANCEBERNSTEIN L.P. | Added | +1.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +1.1m |
Biggest sellers
| Hudson Bay Capital Management LP | Reduced | -25.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -4.8m |
| JUPITER ASSET MANAGEMENT LTD | Sold out | -3.5m |
| CITADEL ADVISORS LLC | Reduced | -3.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -2.1m |
| MORGAN STANLEY | Reduced | -2.1m |
| Holocene Advisors, LP | Sold out | -2.1m |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -2.0m |
| GROUP ONE TRADING LLC | Sold out | -1.4m |
| Balyasny Asset Management L.P. | Reduced | -1.2m |
Biggest calls
| Caption Management, LLC | Reduced | $30.1m2.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $29.7m2.0m shares |
| GROUP ONE TRADING LLC | Added | $25.2m1.7m shares |
| PEAK6 LLC | Added | $21.0m1.4m shares |
| JANE STREET GROUP, LLC | Reduced | $13.5m906.3k shares |
| IMC-Chicago, LLC | Reduced | $10.0m666.9k shares |
| Point72 Asset Management, L.P. | Added | $9.7m650.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $8.7m2.7m shares |
| CITADEL ADVISORS LLC | Reduced | $7.6m509.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.1m410.1k shares |
Biggest puts
| GROUP ONE TRADING LLC | Reduced | $43.7m2.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $41.5m2.8m shares |
| JANE STREET GROUP, LLC | Reduced | $12.5m838.9k shares |
| CITADEL ADVISORS LLC | Added | $8.3m553.3k shares |
| IMC-Chicago, LLC | Added | $6.4m429.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.3m422.3k shares |
| PEAK6 LLC | Unchanged | $4.5m299.8k shares |
| Walleye Trading LLC | Reduced | $4.3m286.1k shares |
| Point72 Asset Management, L.P. | Reduced | $3.6m244.3k shares |
| Caption Management, LLC | Reduced | $1.8m118.5k 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 |
|---|---|
Liberty 77 Capital L.P.
13D · may seek influence
+6.8 pts · filed 2025-10-21
Stated purposeItem 4 is hereby amended to add the following: On October 17, 2025, the Issuer completed a merger (the "BHC Merger") with its bank holding company parent, Flagstar Financial, Inc. (the "Predecessor"), which was referred to as the "Issuer" in the Reporting Persons' previous Schedule 13D filings. The Issuer is the surviving entity of the BHC Merger. As a national bank, the Issuer is required to file its reports under the Exchange Act with the Office of the Comptroller of the Currency (the "OCC"), whereas the Predecessor made its Exchange Act filings with the SEC. The Issuer has announced its intention to voluntarily make Exchange Act filings with the SEC; therefore, the Reporting Persons intend to amend this Schedule 13D by filing with the SEC in satisfaction of any obligation they might ha… Full filing |
24.9% |
| BlackRock, Inc. 13G · institution +1.0 pts · filed 2026-10-27 | 9.2% |
| RCP GenPar HoldCo LLC 13G · exempt (held before listing) new · filed 2026-01-30 | 8.7% |
Fell to 5% or below in the last year: Hudson Bay Capital Management LP (2.3%, 2026-08-07), VANGUARD GROUP INC (0.0%, 2026-03-26)
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 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $52 | — |
| Q4 2025 | 1 | $1.2k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Liberty 77 Capital L.P. 63.93% of their portfolio | 75.0m $1.1bn | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 43.0m $642.9m | Added +1.9m |
| REVERENCE CAPITAL PARTNERS, L.P. 100.00% of their portfolio | 36.0m $537.6m | Unchanged |
| STATE STREET CORP 0.01% of their portfolio | 16.9m $253.0m | Added +322.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 13.6m $202.6m | Reduced -2.1m |
| T. Rowe Price Investment Management, Inc. 0.13% of their portfolio | 13.2m $196.7m | Added +531.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 12.6m $187.6m | Reduced -2.0m |
| Hudson Bay Capital Management LP 0.68% of their portfolio | 9.7m $145.4m | Reduced -25.0m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 8.6m $129.2m | Added +2.2m |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 8.6m $112.7m | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 8.2m $123.2m | Added +494.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 7.0m $104.9m | Added +288.6k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 5.2m $77.7m | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 4.8m $71.0m | Added +388.8k |
| KAHN BROTHERS GROUP INC 9.62% of their portfolio | 4.1m $60.9m | Reduced -8.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 3.6m $54.4m | Added +191.2k |
| NORGES BANK 0.01% of their portfolio | 3.6m $53.9m | Not comparable |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 3.6m $53.4m | Added +3.2m |
| MORGAN STANLEY 0.00% of their portfolio | 3.4m $50.8m | Reduced -2.1m |
| PRIVATE MANAGEMENT GROUP INC 1.21% of their portfolio | 3.1m $45.9m | Reduced -26.1k |
| North Reef Capital Management LP 1.75% of their portfolio | 3.0m $45.6m | Added +260.0k |
| Freestone Grove Partners LP 0.29% of their portfolio | 2.9m $43.9m | Added +2.1m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.5m $37.9m | Added +49.0k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 2.5m $37.3m | Reduced -1.2m |
| STEADFAST CAPITAL MANAGEMENT LP 1.11% of their portfolio | 2.4m $36.2m | Reduced -1.0m |
| Longaeva Partners L.P. 0.95% of their portfolio | 2.2m $32.9m | Reduced -98.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 2.2m $32.5m | Reduced -53.2k |
| CERTUITY, LLC 1.57% of their portfolio | 2.1m $31.7m | Unchanged |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 2.1m $30.6m | Added +2.0m |
| TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio | 2.0m $30.1m | Added +1.8m |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 2.0m $29.6m | Added +17.6k |
| SG Americas Securities, LLC 0.02% of their portfolio | 2.0m $29.2m | Reduced -143.6k |
| Cerity Partners LLC 0.03% of their portfolio | 1.8m $27.4m | Added +26.1k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 1.6m $24.5m | Added +817.8k |
| Bridgewater Associates, LP 0.10% of their portfolio | 1.6m $24.4m | Reduced -79.6k |
| NOMURA HOLDINGS INC 0.10% of their portfolio | 1.6m $24.3m | Reduced -24.9k |
| Brevan Howard Capital Management LP 0.33% of their portfolio | 1.6m $23.3m | Added +1.5m |
| CITIGROUP INC 0.01% of their portfolio | 1.5m $22.2m | Reduced -27.6k |
| UBS Group AG 0.00% of their portfolio | 1.4m $20.2m | Reduced -1.0m |
| Cinctive Capital Management LP 0.67% of their portfolio | 1.1m $16.8m | Added +433.3k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 1.1m $16.1m | Added +2.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 1.1m $15.9m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $16.0m | Reduced -581.8k |
| BARCLAYS PLC 0.00% of their portfolio | 1.1m $15.8m | Added +265.5k |
| Polar Asset Management Partners Inc. 0.28% of their portfolio | 1.0m $15.6m | Reduced -584.4k |
| BW Gestao de Investimentos Ltda. 0.37% of their portfolio | 1.0m $15.2m | Added +70.0k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 969.5k $14.5m | Reduced -2.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 939.3k $14.0m | Added +41.4k |
| Ceredex Value Advisors LLC 0.38% of their portfolio | 902.8k $13.5m | Added +259.3k |
| Invesco Ltd. 0.00% of their portfolio | 872.7k $13.0m | Added +2.4k |
| Nuveen, LLC 0.00% of their portfolio | 841.3k $12.6m | Added +102.5k |
| PL Capital Advisors, LLC 3.47% of their portfolio | 835.3k $12.5m | Unchanged |
| SOROS FUND MANAGEMENT LLC 0.15% of their portfolio | 781.7k $11.7m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 759.0k $11.3m | Added +679.7k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.20% of their portfolio | 708.4k $10.6m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 684.7k $10.2m | Added +11.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 647.0k $9.7m | Reduced -198.5k |
| Swiss National Bank 0.00% of their portfolio | 626.0k $9.4m | Added +8.7k |
| Squarepoint Ops LLC 0.02% of their portfolio | 597.8k $8.9m | Reduced -25.5k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 572.6k $8.6m | Added +8.5k |
| Engineers Gate Manager LP 0.11% of their portfolio | 567.6k $8.5m | New |
| THOMPSON INVESTMENT MANAGEMENT, INC. 0.90% of their portfolio | 525.3k $7.8m | Added +3.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 500.3k $7.5m | Reduced -3.7k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.31% of their portfolio | 492.0k $7.3m | Unchanged |
| Interval Partners, LP 0.23% of their portfolio | 474.9k $7.1m | Reduced -658.7k |
| Phocas Financial Corp. 0.97% of their portfolio | 469.3k $7.0m | Added +233.3k |
| Walleye Capital LLC 0.03% of their portfolio | 463.7k $6.9m | Added +462.7k |
| Tiptree Advisors, LLC 4.16% of their portfolio | 450.0k $6.7m | Unchanged |
| Man Group plc 0.01% of their portfolio | 443.8k $6.6m | Added +7.3k |
| Legal & General Group Plc 0.00% of their portfolio | 438.6k $6.6m | Added +1.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 437.2k $6.5m | Added +40.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 436.6k $6.5m | Reduced -3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 407.8k $6.1m | Reduced -295.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 402.9k $6.0m | Reduced -250.1k |
| Capricorn Fund Managers Ltd 0.48% of their portfolio | 398.2k $5.9m | New |
| PMC FIG Opportunities LLC 9.40% of their portfolio | 391.6k $5.9m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.11% of their portfolio | 377.5k $5.6m | Added +37.8k |
| HRT FINANCIAL LP 0.01% of their portfolio | 377.1k $5.6m | New |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 361.0k $5.4m | Reduced -76.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 358.7k $5.4m | Reduced -13.8k |
| XTX Topco Ltd 0.07% of their portfolio | 350.9k $5.2m | Added +218.0k |
| California Public Employees Retirement System 0.00% of their portfolio | 350.0k $5.2m | Reduced -25.4k |
| THIRD AVENUE MANAGEMENT LLC 0.79% of their portfolio | 331.2k $4.9m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 324.5k $4.8m | Added +49.3k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 320.3k $4.8m | Added +15.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 315.5k $4.7m | Added +221.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 311.0k $4.6m | Added +286.1k |
| Retirement Systems of Alabama 0.01% of their portfolio | 310.4k $4.6m | Reduced -56.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 310.2k $4.6m | Reduced -4.8m |
| D.A. DAVIDSON & CO. 0.03% of their portfolio | 308.9k $4.6m | Added +30.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 304.8k $4.6m | Added +156.0k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 304.4k $4.5m | Reduced -87.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 294.0k $4.4m | Added +6.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 292.6k $4.4m | Added +2.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 268.2k $4.0m | Added +163.7k |
| Alyeska Investment Group, L.P. 0.01% of their portfolio | 252.6k $3.8m | Added +39.8k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 239.4k $3.6m | Reduced -134.1k |
| HOURGLASS CAPITAL, LLC 0.69% of their portfolio | 235.1k $3.5m | Added +5.1k |
| EASTERLY INVESTMENT PARTNERS LLC 0.18% of their portfolio | 233.9k $3.5m | Added +59.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 225.4k $3.4m | Added +104.9k |