Vault-13

SYNOVUS FINL CORP

COM NEW · Common Stock · CUSIP 87161C501

398 institutional holders +23 vs Q3 2023
124,688,227124.7m shares reported held*
$4.7bnreported value*
43 new 130 added 147 reduced 33 sold out net bought ≈ $212.2m (+5.6m shares)

* 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 ($3.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.67. Options: 14 managers hold calls ($39.1m notional), 16 hold puts ($24.5m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 405Q4 22: 420Q1 23: 380Q2 23: 372Q3 23: 375Q4 23: 398398Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022405
Q4 2022420
Q1 2023380
Q2 2023372
Q3 2023375
Q4 2023398

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 193 bought or addedQ4 22: 181 cut or sold outQ4 22Q1 23: 181 bought or addedQ1 23: 209 cut or sold outQ1 23Q2 23: 177 bought or addedQ2 23: 168 cut or sold outQ2 23Q3 23: 166 bought or addedQ3 23: 177 cut or sold outQ3 23Q4 23: 173 bought or addedQ4 23: 180 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022193181
Q1 2023181209
Q2 2023177168
Q3 2023166177
Q4 2023173180

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60mQ1 23 calls: $40.8mQ1 23 puts: $15.1mQ1 23P/C 0.37Q2 23 calls: $17.7mQ2 23 puts: $20.6mQ2 23P/C 1.17Q3 23 calls: $12.5mQ3 23 puts: $12.7mQ3 23P/C 1.02Q4 23 calls: $39.1mQ4 23 puts: $24.5mQ4 23P/C 0.63
Numbers
QuarterCallsPutsP/C
Q1 2023$40.8m$15.1m0.37
Q2 2023$17.7m$20.6m1.17
Q3 2023$12.5m$12.7m1.02
Q4 2023$39.1m$24.5m0.63

Biggest buyers

WELLINGTON MANAGEMENT GROUP LLP Added +2,843,488+2.8m
Channing Capital Management, LLC New +1,917,697+1.9m
MORGAN STANLEY Added +1,399,830+1.4m
DIMENSIONAL FUND ADVISORS LP Added +1,016,231+1.0m
STATE STREET CORP Added +927,214+927.2k
BARCLAYS PLC Added +573,180+573.2k
AMERIPRISE FINANCIAL INC Added +466,579+466.6k
NEW YORK STATE COMMON RETIREMENT FUND Added +443,056+443.1k
STRS OHIO New +436,000+436.0k
AMERICAN CENTURY COMPANIES INC Added +353,496+353.5k

Biggest sellers

North Reef Capital Management LP Reduced -1,075,000-1.1m
JANUS HENDERSON GROUP PLC Reduced -899,315-899.3k
BlackRock Inc. Reduced -670,426-670.4k
Qube Research & Technologies Ltd Reduced -443,504-443.5k
ALLIANCEBERNSTEIN L.P. Reduced -433,458-433.5k
CITADEL ADVISORS LLC Reduced -335,999-336.0k
TWO SIGMA INVESTMENTS, LP Reduced -279,526-279.5k
VANGUARD GROUP INC Reduced -234,473-234.5k
TUDOR INVESTMENT CORP ET AL Reduced -217,557-217.6k
Invesco Ltd. Reduced -215,820-215.8k

Biggest calls

Twin Tree Management, LP New $23.1m613.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.8m102.2k shares
JANE STREET GROUP, LLC Added $2.8m73.4k shares
CITADEL ADVISORS LLC Added $2.7m70.6k shares
GTS SECURITIES LLC Added $1.5m39.1k shares
SIMPLEX TRADING, LLC Added $1.2m33.1k shares
Greenland Capital Management LP New $986.4k26.2k shares
PEAK6 Investments LLC Added $922.4k24.5k shares
GROUP ONE TRADING LLC Reduced $798.2k21.2k shares
IMC-Chicago, LLC New $681.5k18.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.4m115.8k shares
SIMPLEX TRADING, LLC Added $3.6m94.8k shares
Twin Tree Management, LP New $3.2m84.8k shares
GROUP ONE TRADING LLC Reduced $2.8m73.4k shares
CITADEL ADVISORS LLC Added $2.6m70.0k shares
Walleye Trading LLC Added $1.6m42.5k shares
JANE STREET GROUP, LLC Added $1.5m39.6k shares
IMC-Chicago, LLC New $850.9k22.6k shares
WOLVERINE TRADING, LLC Added $847.1k22.5k shares
GTS SECURITIES LLC Reduced $817.0k21.7k 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.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution -1.5 pts · filed 2025-11-05 7.0% -1.5 pts 9.7m 2025-11-05

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 15,090,87815.1m $568.2m $568.2m 0.01% Reduced -234.5k -234,473
2 BlackRock Inc. 0.01% of their portfolio New York, NY 13,723,00013.7m $516.7m $516.7m 0.01% Reduced -670.4k -670,426
3 FMR LLC 0.03% of their portfolio BOSTON, MA 10,867,80310.9m $409.2m $409.2m 0.03% Added +165.3k +165,269
4 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 7,838,6937.8m $295.1m $295.1m 0.06% Added +2.8m +2,843,488
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 7,340,1697.3m $279.1m $279.1m 0.01% Added +927.2k +927,214
6 SYNOVUS FINANCIAL CORP 3.08% of their portfolio Columbus, GA 5,780,7295.8m $217.6m $217.6m 3.08% Reduced -4.2k -4,191
7 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 5,177,8895.2m $195.0m $195.0m 0.06% Added +1.0m +1,016,231
8 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 3,730,1483.7m $140.4m $140.4m 0.04% Added +21.0k +21,041
9 North Reef Capital Management LP 7.48% of their portfolio LAGUNA BEACH, CA 3,410,0003.4m $128.4m $128.4m 7.48% Reduced -1.1m -1,075,000
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,180,1063.2m $119.7m $119.7m 0.01% Added +1.4m +1,399,830
11 MACQUARIE GROUP LTD 0.13% of their portfolio Sydney, NSW 2000, C3 3,016,6703.0m $113.6m $113.6m 0.13% Reduced -108.7k -108,669
12 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.77% of their portfolio NEW YORK, NY 2,873,2382.9m $108.2m $108.2m 0.77% Added +61.1k +61,069
13 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,293,9082.3m $86.4m $86.4m 0.01% Added +83.5k +83,496
14 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,212,5732.2m $83.3m $83.3m 0.02% Added +63.4k +63,383
15 Channing Capital Management, LLC 2.13% of their portfolio Chicago, IL 1,917,6971.9m $72.2m $72.2m 2.13% New
16 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,592,0711.6m $59.9m $59.9m 0.01% Added +203.9k +203,874
17 FIRST TRUST ADVISORS LP 0.06% of their portfolio Wheaton, IL 1,410,0881.4m $53.1m $53.1m 0.06% Added +54.0k +53,974
18 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,311,4351.3m $49.4m $49.4m 0.03% Added +353.5k +353,496
19 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,118,7651.1m $42.1m $42.1m 0.01% Added +466.6k +466,579
20 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,112,4041.1m $41.9m $41.9m 0.01% Added +30.1k +30,112
21 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 1,081,4201.1m $40.7m $40.7m 0.04% Reduced -18.3k -18,293
22 BASSWOOD CAPITAL MANAGEMENT, L.L.C. 2.53% of their portfolio NEW YORK, NY 1,038,5881.0m $39.1m $39.1m 2.53% Added +26.7k +26,703
23 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 1,010,3061.0m $38.0m $38.0m 0.02% Added +573.2k +573,180
24 AM INVESTMENT STRATEGIES LLC 9.93% of their portfolio CHATTANOOGA, TN 934,052934.1k $35.2m $35.2m 9.93% Added +248 +248
25 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 915,006915.0k $34.4m $34.4m 0.03% Added +191.8k +191,827
26 PZENA INVESTMENT MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 815,313815.3k $30.7m $30.7m 0.12% Reduced -27.1k -27,126
27 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 788,704788.7k $29.7m $29.7m 0.02% Reduced -32.6k -32,646
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 728,876728.9k $27.4m $27.4m 0.00% Added +284.7k +284,724
29 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.08% of their portfolio Los Angeles, CA 598,655598.7k $22.5m $22.5m 0.08% Added +26.7k +26,740
30 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 570,880570.9k $21.5m $21.5m 0.03% Added +443.1k +443,056
31 LSV ASSET MANAGEMENT 0.05% of their portfolio CHICAGO, IL 563,437563.4k $21.2m $21.2m 0.05% Reduced -44.9k -44,900
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 562,844562.8k $21.2m $21.2m 0.00% Added +43.1k +43,138
33 Retirement Systems of Alabama 0.09% of their portfolio MONTGOMERY, AL 550,859550.9k $20.7m $20.7m 0.09% Added +653 +653
34 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 536,810536.8k $20.2m $20.2m 0.01% Reduced -2.3k -2,257
35 Stieven Capital Advisors, L.P. 3.87% of their portfolio ST. LOUIS, MO 478,242478.2k $18.0m $18.0m 3.87% Added +100 +100
36 Rhino Investment Partners, Inc 3.32% of their portfolio WEST CONSHOHOCKEN, PA 473,391473.4k $17.8m $17.8m 3.32% Added +258.1k +258,148
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 472,752472.8k $17.8m $17.8m 0.00% Reduced -215.8k -215,820
38 STRS OHIO 0.07% of their portfolio COLUMBUS, OH 436,000436.0k $16.4m $16.4m 0.07% New
39 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 429,880429.9k $16.2m $16.2m 0.02% Reduced -14.0k -13,980
40 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 370,548370.5k $14.0m $14.0m 0.03% Reduced -41.3k -41,318
41 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 369,636369.6k $13.9m $13.9m 0.00% Reduced -60.7k -60,698
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 357,902357.9k $13.5m $13.5m 0.00% Reduced -14.5k -14,451
43 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 346,457346.5k $13.0m $13.0m 0.03% Added +55.7k +55,692
44 Private Capital Management, LLC 1.47% of their portfolio NAPLES, FL 344,101344.1k $13.0m $13.0m 1.47% Reduced -78.7k -78,694
45 Rafferty Asset Management, LLC 0.05% of their portfolio New York, NY 339,859339.9k $12.8m $12.8m 0.05% Added +145.0k +144,974
46 Mesirow Institutional Investment Management, Inc. 1.15% of their portfolio CHICAGO, IL 327,599327.6k $12.3m $12.3m 1.15% Reduced -44.0k -43,962
47 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 324,922324.9k $12.2m $12.2m 0.00% Reduced -433.5k -433,458
48 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 303,132303.1k $11.4m $11.4m 0.02% Added +31.8k +31,802
49 GAMCO INVESTORS, INC. ET AL 0.12% of their portfolio GREENWICH, CT 298,277298.3k $11.2m $11.2m 0.12% Reduced -9.2k -9,212
50 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 297,029297.0k $11.2m $11.2m 0.01% Reduced -786 -786
51 Swiss National Bank 0.01% of their portfolio ZURICH, V8 288,019288.0k $10.8m $10.8m 0.01% Reduced -33.2k -33,200
52 Knights of Columbus Asset Advisors LLC 0.70% of their portfolio NEW HAVEN, CT 287,470287.5k $10.8m $10.8m 0.70% New
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 276,615276.6k $10.4m $10.4m 0.00% Added +8.1k +8,135
54 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 272,826272.8k $10.3m $10.3m 0.01% Reduced -14.2k -14,215
55 STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio MADISON, WI 272,177272.2k $10.2m $10.2m 0.03% Added +22.3k +22,301
56 Cubist Systematic Strategies, LLC 0.13% of their portfolio STAMFORD, CT 268,722268.7k $10.1m $10.1m 0.13% Added +76.8k +76,823
57 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 263,983264.0k $9.9m $9.9m 0.01% Reduced -6.2k -6,242
58 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 255,883255.9k $9.6m $9.6m 0.01% Reduced -899.3k -899,315
59 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 249,100249.1k $9.4m $9.4m 0.10% Reduced -105.9k -105,933
60 GUGGENHEIM CAPITAL LLC 0.07% of their portfolio CHICAGO, IL 237,109237.1k $8.9m $8.9m 0.07% Reduced -9.0k -8,974
61 BESSEMER GROUP INC 0.02% of their portfolio WOODBRIDGE, NJ 228,174228.2k $8.6m $8.6m 0.02% Added +43.1k +43,138
62 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.07% of their portfolio VICTORIA, A1 225,000225.0k $8.5m $8.5m 0.07% Reduced -25.0k -25,000
63 Interval Partners, LP 0.37% of their portfolio NEW YORK, NY 223,126223.1k $8.4m $8.4m 0.37% Reduced -5.3k -5,265
64 Legal & General Group Plc 0.00% of their portfolio London, X0 220,566220.6k $8.3m $8.3m 0.00% Reduced -4.0k -3,984
65 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 219,637219.6k $8.3m $8.3m 0.01% Added +123.9k +123,930
66 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 207,111207.1k $7.8m $7.8m 0.01% Added +2.0k +2,035
67 SALZHAUER MICHAEL 6.99% of their portfolio NEW YORK, NY 206,628206.6k $7.8m $7.8m 6.99% Reduced -41.8k -41,811
68 AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio New York, NY 197,527197.5k $7.4m $7.4m 0.03% Reduced -8.4k -8,394
69 Phocas Financial Corp. 0.94% of their portfolio ALAMEDA, CA 188,978189.0k $7.1m $7.1m 0.94% New
70 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 174,499174.5k $6.6m $6.6m 0.00% Added +471 +471
71 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 174,125174.1k $6.6m $6.6m 0.01% Reduced -52.7k -52,700
72 Pekin Hardy Strauss, Inc. 0.94% of their portfolio CHICAGO, IL 165,752165.8k $6.2m $6.2m 0.94% Added +4.9k +4,900
73 ALGERT GLOBAL LLC 0.25% of their portfolio SAN FRANCISCO, CA 163,780163.8k $6.2m $6.2m 0.25% Unchanged
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 162,628162.6k $6.1m $6.1m 0.01% Added +76.2k +76,161
75 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 155,677155.7k $5.9m $5.9m 0.01% Reduced -6.7k -6,690
76 Keeley-Teton Advisors, LLC 0.75% of their portfolio Chicago, IL 155,111155.1k $5.8m $5.8m 0.75% Reduced -10.2k -10,201
77 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 152,491152.5k $5.7m $5.7m 0.01% Reduced -91.0k -90,983
78 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 138,141138.1k $5.2m $5.2m 0.01% Added +37 +37
79 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 127,190127.2k $4.8m $4.8m 0.00% Reduced -27.1k -27,060
80 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 126,965127.0k $4.8m $4.8m 0.00% Added +3.8k +3,780
81 TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio AUSTIN, TX 126,149126.1k $4.7m $4.7m 0.04% Added +2.1k +2,066
82 Asio Capital, LLC 1.12% of their portfolio LEXINGTON, KY 125,699125.7k $4.8m $4.8m 1.12% Added +834 +834
83 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 125,342125.3k $4.7m $4.7m 0.01% Added +3.4k +3,366
84 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 124,998125.0k $4.7m $4.7m 0.01% Reduced -4.5k -4,506
85 Ategra Capital Management, LLC 2.08% of their portfolio VIENNA, VA 123,750123.8k $4.7m $4.7m 2.08% Unchanged
86 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 121,099121.1k $4.6m $4.6m 0.01% Added +376 +376
87 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 117,742117.7k $4.4m $4.4m 0.01% Reduced -11.7k -11,667
88 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 113,722113.7k $4.3m $4.3m 0.02% Added +38.4k +38,404
89 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.04% of their portfolio FRANKFORT, KY 110,375110.4k $4.2m $4.2m 0.04% Added +27.4k +27,413
90 Schonfeld Strategic Advisors LLC 0.03% of their portfolio NEW YORK, NY 109,827109.8k $4.1m $4.1m 0.03% Added +83.0k +83,046
91 Siena Capital Partners GP, LLC 1.28% of their portfolio EVANSTON, IL 108,194108.2k $4.1m $4.1m 1.28% Unchanged
92 Trexquant Investment LP 0.09% of their portfolio STAMFORD, CT 106,709106.7k $4.0m $4.0m 0.09% Added +96.2k +96,218
93 Petiole USA ltd 2.65% of their portfolio New York, NY 95,31895.3k $3.6m $3.6m 2.65% Unchanged
94 AMALGAMATED BANK 0.03% of their portfolio NEW YORK, NY 91,88191.9k $3.5m $3.5m 0.03% Reduced -957 -957
95 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 91,34891.3k $3.4m $3.4m 0.01% Added +6.4k +6,410
96 EJF Capital LP 1.79% of their portfolio Arlington, VA 91,13991.1k $3.4m $3.4m 1.79% Reduced -12.6k -12,562
97 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.04% of their portfolio New York, NY 90,36490.4k $3.4m $3.4m 0.04% Reduced -4.6k -4,648
98 LEAVELL INVESTMENT MANAGEMENT, INC. 0.21% of their portfolio MOBILE, AL 88,41788.4k $3.4m $3.4m 0.21% Unchanged
99 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 86,00586.0k $3.2m $3.2m 0.01% Unchanged
100 CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio PARIS, I0 84,89084.9k $3.2m $3.2m 0.04% Added +12.9k +12,871