Vault-13

SYNOVUS FINL CORP

COM NEW · Common Stock · CUSIP 87161C501

488 institutional holders +10 vs Q2 2025
113,540,507113.5m shares reported held*
$5.6bnreported value*
78 new 176 added 158 reduced 66 sold out net sold ≈ $186.4m (-3.8m 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 ($18.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.04. Options: 9 managers hold calls ($46.5m notional), 8 hold puts ($29.8m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 405Q4 22: 420Q1 23: 380Q2 23: 372Q3 23: 375Q4 23: 398Q1 24: 410Q2 24: 384Q3 24: 435Q4 24: 460Q1 25: 481Q2 25: 478Q3 25: 488488Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022405
Q4 2022420
Q1 2023380
Q2 2023372
Q3 2023375
Q4 2023398
Q1 2024410
Q2 2024384
Q3 2024435
Q4 2024460
Q1 2025481
Q2 2025478
Q3 2025488

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 173 bought or addedQ4 23: 180 cut or sold outQ1 24: 191 bought or addedQ1 24: 175 cut or sold outQ1 24Q2 24: 148 bought or addedQ2 24: 208 cut or sold outQ3 24: 206 bought or addedQ3 24: 169 cut or sold outQ3 24Q4 24: 210 bought or addedQ4 24: 200 cut or sold outQ1 25: 250 bought or addedQ1 25: 184 cut or sold outQ1 25Q2 25: 234 bought or addedQ2 25: 231 cut or sold outQ3 25: 254 bought or addedQ3 25: 224 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023173180
Q1 2024191175
Q2 2024148208
Q3 2024206169
Q4 2024210200
Q1 2025250184
Q2 2025234231
Q3 2025254224

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ4 24 calls: $63.8mQ4 24 puts: $23.0mQ4 24P/C 0.36Q1 25 calls: $32.4mQ1 25 puts: $7.5mQ1 25P/C 0.23Q2 25 calls: $17.9mQ2 25 puts: $3.4mQ2 25P/C 0.19Q3 25 calls: $46.5mQ3 25 puts: $29.8mQ3 25P/C 0.64
Numbers
QuarterCallsPutsP/C
Q4 2024$63.8m$23.0m0.36
Q1 2025$32.4m$7.5m0.23
Q2 2025$17.9m$3.4m0.19
Q3 2025$46.5m$29.8m0.64

Biggest buyers

NOMURA HOLDINGS INC New +3,000,630+3.0m
JPMORGAN CHASE & CO Added +2,097,999+2.1m
BlackRock, Inc. Added +1,532,824+1.5m
BARCLAYS PLC Added +932,602+932.6k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +882,780+882.8k
CITADEL ADVISORS LLC Added +698,394+698.4k
D. E. Shaw & Co., Inc. Added +663,794+663.8k
WATER ISLAND CAPITAL LLC New +421,500+421.5k
MARSHALL WACE, LLP New +399,730+399.7k
Capitolis Liquid Global Markets LLC New +395,000+395.0k

Biggest sellers

North Reef Capital Management LP Sold out -3,575,000-3.6m
FMR LLC Reduced -2,713,973-2.7m
MACQUARIE GROUP LTD Reduced -2,452,358-2.5m
Channing Capital Management, LLC Sold out -1,750,346-1.8m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,404,490-1.4m
BANK OF AMERICA CORP /DE/ Reduced -981,450-981.5k
WEDGE CAPITAL MANAGEMENT L L P/NC Sold out -703,947-703.9k
PZENA INVESTMENT MANAGEMENT LLC Sold out -680,368-680.4k
Invesco Ltd. Reduced -546,160-546.2k
VANGUARD GROUP INC Reduced -471,109-471.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.2m371.3k shares
CITADEL ADVISORS LLC Added $9.8m199.2k shares
GROUP ONE TRADING LLC Added $5.3m107.3k shares
JANE STREET GROUP, LLC Added $4.8m97.7k shares
Walleye Trading LLC Added $2.8m57.3k shares
SIMPLEX TRADING, LLC Added $2.6m53.6k shares
WOLVERINE TRADING, LLC Added $1.7m34.6k shares
IMC-Chicago, LLC Reduced $814.7k16.6k shares
JPMORGAN CHASE & CO New $490.8k10.0k shares

Biggest puts

WATER ISLAND CAPITAL LLC New $20.7m421.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.8m97.5k shares
CITADEL ADVISORS LLC Added $2.3m46.9k shares
WOLVERINE TRADING, LLC Added $1.1m21.9k shares
Walleye Trading LLC Added $476.1k9.7k shares
GROUP ONE TRADING LLC Added $274.8k5.6k shares
UBS Group AG New $132.5k2.7k shares
SIMPLEX TRADING, LLC Added $98.0k2.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 14,851,32614.9m $728.9m $728.9m 0.01% Added +1.5m +1,532,824
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 13,242,18013.2m $649.9m $649.9m 0.01% Reduced -471.1k -471,109
3 FMR LLC 0.02% of their portfolio BOSTON, MA 9,795,9709.8m $480.8m $480.8m 0.02% Reduced -2.7m -2,713,973
4 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 6,939,8146.9m $340.6m $340.6m 0.06% Reduced -1.4m -1,404,490
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 6,143,8046.1m $303.9m $303.9m 0.01% Reduced -3.1k -3,069
6 SYNOVUS FINANCIAL CORP 2.98% of their portfolio Columbus, GA 5,308,7775.3m $260.6m $260.6m 2.98% Reduced -5.5k -5,522
7 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 4,477,3374.5m $219.7m $219.7m 0.05% Added +249.0k +249,001
8 NOMURA HOLDINGS INC 0.67% of their portfolio TOKYO, M0 3,000,6303.0m $147.3m $147.3m 0.67% New
9 AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio Greenwich, CT 2,859,0432.9m $140.3m $140.3m 0.09% Reduced -200.1k -200,059
10 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,661,7292.7m $130.7m $130.7m 0.01% Added +156.4k +156,424
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,439,7002.4m $119.7m $119.7m 0.00% Added +2.1m +2,097,999
12 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.58% of their portfolio NEW YORK, NY 1,797,2721.8m $88.2m $88.2m 0.58% Reduced -76.4k -76,403
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,678,6181.7m $82.4m $82.4m 0.00% Reduced -159.7k -159,745
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,418,1901.4m $69.6m $69.6m 0.01% Added +21.5k +21,472
15 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,340,4211.3m $65.8m $65.8m 0.01% Reduced -246.2k -246,178
16 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,300,1331.3m $63.8m $63.8m 0.01% Reduced -17.3k -17,253
17 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 1,211,0371.2m $59.4m $59.4m 0.02% Added +932.6k +932,602
18 T. Rowe Price Investment Management, Inc. 0.04% of their portfolio BALTIMORE, MD 1,189,5761.2m $58.4m $58.4m 0.04% Reduced -384 -384
19 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 972,950973.0k $47.8m $47.8m 0.04% Added +663.8k +663,794
20 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 970,663970.7k $47.6m $47.6m 0.03% Added +882.8k +882,780
21 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 937,587937.6k $46.0m $46.0m 0.02% Added +203.4k +203,371
22 UBS Group AG 0.01% of their portfolio ZURICH, V8 848,341848.3k $41.6m $41.6m 0.01% Added +387.4k +387,360
23 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 818,941818.9k $40.2m $40.2m 0.03% Reduced -36.1k -36,117
24 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 755,867755.9k $37.1m $37.1m 0.03% Added +698.4k +698,394
25 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 714,978715.0k $35.1m $35.1m 0.01% Reduced -401.1k -401,083
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 635,072635.1k $31.2m $31.2m 0.00% Reduced -981.5k -981,450
27 Qube Research & Technologies Ltd 0.04% of their portfolio LONDON, X0 566,428566.4k $27.8m $27.8m 0.04% Added +347.3k +347,264
28 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 485,361485.4k $23.8m $23.8m 0.02% Reduced -47.3k -47,302
29 ALGERT GLOBAL LLC 0.37% of their portfolio SAN FRANCISCO, CA 445,178445.2k $21.8m $21.8m 0.37% Added +156.6k +156,608
30 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 444,313444.3k $21.8m $21.8m 0.00% Reduced -212.0k -212,008
31 BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.98% of their portfolio NEW YORK, NY 430,841430.8k $21.1m $21.1m 0.98% Unchanged
32 Retirement Systems of Alabama 0.07% of their portfolio MONTGOMERY, AL 429,952430.0k $21.1m $21.1m 0.07% Reduced -90.2k -90,154
33 MetLife Investment Management, LLC 0.10% of their portfolio Whippany, NJ 422,119422.1k $20.7m $20.7m 0.10% Reduced -37.9k -37,912
34 WATER ISLAND CAPITAL LLC 2.96% of their portfolio NEW YORK, NY 421,500421.5k $20.7m $20.7m 2.96% New
35 SHAPIRO CAPITAL MANAGEMENT LLC 0.86% of their portfolio ATLANTA, GA 405,695405.7k $19.9m $19.9m 0.86% Added +48.5k +48,465
36 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 399,730399.7k $19.6m $19.6m 0.02% New
37 Capitolis Liquid Global Markets LLC 0.15% of their portfolio NEW YORK, NY 395,000395.0k $19.4m $19.4m 0.15% New
38 Private Capital Management, LLC 1.78% of their portfolio NAPLES, FL 391,758391.8k $19.2m $19.2m 1.78% Reduced -1.2k -1,157
39 STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio MADISON, WI 381,126381.1k $18.7m $18.7m 0.04% Added +124.6k +124,553
40 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 363,357363.4k $17.8m $17.8m 0.01% Reduced -8.2k -8,165
41 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 334,842334.8k $16.4m $16.4m 0.01% Added +149.8k +149,828
42 JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio FLORHAM PARK, NJ 330,647330.6k $16.2m $16.2m 0.06% Reduced -2.2k -2,226
43 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 323,921323.9k $15.9m $15.9m 0.00% Reduced -546.2k -546,160
44 TUDOR INVESTMENT CORP ET AL 0.10% of their portfolio STAMFORD, CT 323,087323.1k $15.9m $15.9m 0.10% Added +69.3k +69,283
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 320,540320.5k $15.7m $15.7m 0.00% Added +149.0k +149,024
46 IEQ CAPITAL, LLC 0.05% of their portfolio Foster City, CA 313,219313.2k $15.4m $15.4m 0.05% Added +223.8k +223,767
47 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 309,249309.2k $15.0m $15.0m 0.01% Added +27.4k +27,387
48 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 308,283308.3k $15.1m $15.1m 0.01% Reduced -6.9k -6,903
49 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 308,096308.1k $15.1m $15.1m 0.00% Added +73.4k +73,418
50 Hudson Bay Capital Management LP 0.09% of their portfolio STAMFORD, CT 301,016301.0k $14.8m $14.8m 0.09% New
51 MACKENZIE FINANCIAL CORP 0.02% of their portfolio TORONTO ONTARIO, A6 293,643293.6k $14.4m $14.4m 0.02% New
52 TIG Advisors, LLC 0.87% of their portfolio New York, NY 288,599288.6k $14.2m $14.2m 0.87% New
53 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 283,300283.3k $13.9m $13.9m 0.01% New
54 GAMCO INVESTORS, INC. ET AL 0.13% of their portfolio GREENWICH, CT 277,526277.5k $13.6m $13.6m 0.13% Reduced -13.5k -13,463
55 Verition Fund Management LLC 0.08% of their portfolio GREENWICH, CT 277,181277.2k $13.6m $13.6m 0.08% Added +45.8k +45,755
56 GABELLI FUNDS LLC 0.09% of their portfolio Rye, NY 274,120274.1k $13.5m $13.5m 0.09% Added +69.1k +69,104
57 Swiss National Bank 0.01% of their portfolio ZURICH, V8 269,719269.7k $13.2m $13.2m 0.01% Added +300 +300
58 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 265,001265.0k $13.0m $13.0m 0.00% Added +98.5k +98,542
59 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 261,854261.9k $12.9m $12.9m 0.02% Added +54.1k +54,094
60 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 254,392254.4k $12.5m $12.5m 0.01% Added +19.6k +19,592
61 Diamond Hill Capital Management, LLC (Investment Advisor) 0.06% of their portfolio COLUMBUS, OH 249,330249.3k $12.2m $12.2m 0.06% Reduced -16.3k -16,300
62 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 245,024245.0k $12.0m $12.0m 0.00% Added +13.3k +13,350
63 Bridgewater Associates, LP 0.05% of their portfolio Westport, CT 244,005244.0k $12.0m $12.0m 0.05% New
64 Quantbot Technologies LP 0.33% of their portfolio NEW YORK, NY 243,795243.8k $12.0m $12.0m 0.33% New
65 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 241,188241.2k $11.8m $11.8m 0.02% Added +34.2k +34,175
66 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 218,990219.0k $10.7m $10.7m 0.03% Added +55.9k +55,910
67 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 216,734216.7k $10.6m $10.6m 0.01% Reduced -33.1k -33,098
68 Legal & General Group Plc 0.00% of their portfolio London, X0 210,370210.4k $10.3m $10.3m 0.00% Reduced -15.8k -15,837
69 Rafferty Asset Management, LLC 0.03% of their portfolio New York, NY 209,718209.7k $10.3m $10.3m 0.03% Added +10.6k +10,638
70 ALPINE ASSOCIATES MANAGEMENT INC. 0.61% of their portfolio PALM BEACH, FL 204,100204.1k $10.0m $10.0m 0.61% New
71 HRT FINANCIAL LP 0.04% of their portfolio NEW YORK, NY 201,430201.4k $9.9m $9.9m 0.04% Added +107.3k +107,259
72 GLAZER CAPITAL, LLC 0.33% of their portfolio New York, NY 198,457198.5k $9.7m $9.7m 0.33% New
73 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 195,004195.0k $9.6m $9.6m 0.03% Added +19.5k +19,474
74 Point72 Europe (London) LLP 0.50% of their portfolio LONDON, X0 185,884185.9k $9.1m $9.1m 0.50% Added +77.1k +77,084
75 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 177,650177.7k $8.7m $8.7m 0.01% Reduced -2.5m -2,452,358
76 Cubist Systematic Strategies, LLC 0.12% of their portfolio STAMFORD, CT 175,958176.0k $8.6m $8.6m 0.12% New
77 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 175,401175.4k $8.6m $8.6m 0.00% Reduced -18.7k -18,675
78 Blue Trust, Inc. 0.10% of their portfolio BRENTWOOD, TN 173,929173.9k $8.5m $8.5m 0.10% Reduced -37.5k -37,456
79 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 164,769164.8k $8.1m $8.1m 0.00% Reduced -245.4k -245,418
80 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 163,746163.7k $8.0m $8.0m 0.01% Added +16.6k +16,579
81 LSV ASSET MANAGEMENT 0.02% of their portfolio CHICAGO, IL 159,211159.2k $7.8m $7.8m 0.02% Reduced -391.9k -391,926
82 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 156,066156.1k $7.7m $7.7m 0.00% Added +31.5k +31,454
83 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 154,546154.5k $7.6m $7.6m 0.00% Reduced -80.2k -80,206
84 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 152,332152.3k $7.4m $7.4m 0.01% Reduced -72.3k -72,310
85 Kintayl Capital LP 5.12% of their portfolio NEW YORK, NY 152,144152.1k $7.5m $7.5m 5.12% New
86 SALZHAUER MICHAEL 0.62% of their portfolio NEW YORK, NY 151,335151.3k $1.2m $1.2m 0.62% Reduced -5.8k -5,793
87 CWM, LLC 0.02% of their portfolio OMAHA, NE 147,138147.1k $7.2m $7.2m 0.02% Added +122.4k +122,378
88 Phocas Financial Corp. 0.93% of their portfolio ALAMEDA, CA 146,937146.9k $7.2m $7.2m 0.93% Reduced -20.9k -20,922
89 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 138,225138.2k $6.8m $6.8m 0.00% Added +1.6k +1,588
90 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 137,438137.4k $6.7m $6.7m 0.01% Reduced -1.5k -1,513
91 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 135,784135.8k $6.7m $6.7m 0.01% Added +7.0k +6,981
92 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 134,075134.1k $6.6m $6.6m 0.02% New
93 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 130,612130.6k $6.4m $6.4m 0.01% Reduced -2.2k -2,232
94 Asio Capital, LLC 0.90% of their portfolio LEXINGTON, KY 121,086121.1k $6.0m $6.0m 0.90% Added +31.8k +31,827
95 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 117,690117.7k $5.7m $5.7m 0.00% Added +107.1k +107,095
96 Sterling Capital Management LLC 0.08% of their portfolio CHARLOTTE, NC 115,099115.1k $5.6m $5.6m 0.08% Reduced -657 -657
97 INTECH INVESTMENT MANAGEMENT LLC 0.05% of their portfolio WEST PALM BEACH, FL 114,444114.4k $5.6m $5.6m 0.05% Added +84.3k +84,273
98 HANCOCK WHITNEY CORP 0.10% of their portfolio GULFPORT, MS 111,072111.1k $5.5m $5.5m 0.10% Added +404 +404
99 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 109,588109.6k $5.4m $5.4m 0.01% Reduced -598 -598
100 Interval Partners, LP 0.11% of their portfolio NEW YORK, NY 104,935104.9k $5.2m $5.2m 0.11% Reduced -29.2k -29,168