Vault-13

SYNOVUS FINL CORP

COM NEW · Common Stock · CUSIP 87161C501

456 institutional holders -32 vs Q3 2025
116,246,800116.2m shares reported held*
$5.8bnreported value*
55 new 132 added 179 reduced 100 sold out net sold ≈ $82.2m (-1.8m 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 ($15.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.16. Options: 4 managers hold calls ($15.4m notional), 4 hold puts ($2.6m).

Trends to Q4 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: 488Q4 25: 456456Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025456

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 191 bought or addedQ1 24: 175 cut or sold outQ2 24: 148 bought or addedQ2 24: 208 cut or sold outQ2 24Q3 24: 206 bought or addedQ3 24: 169 cut or sold outQ4 24: 210 bought or addedQ4 24: 200 cut or sold outQ4 24Q1 25: 250 bought or addedQ1 25: 184 cut or sold outQ2 25: 234 bought or addedQ2 25: 231 cut or sold outQ2 25Q3 25: 254 bought or addedQ3 25: 224 cut or sold outQ4 25: 187 bought or addedQ4 25: 279 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024191175
Q2 2024148208
Q3 2024206169
Q4 2024210200
Q1 2025250184
Q2 2025234231
Q3 2025254224
Q4 2025187279

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 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 0.64Q4 25 calls: $15.4mQ4 25 puts: $2.6mQ4 25P/C 0.17
Numbers
QuarterCallsPutsP/C
Q1 2025$32.4m$7.5m0.23
Q2 2025$17.9m$3.4m0.19
Q3 2025$46.5m$29.8m0.64
Q4 2025$15.4m$2.6m0.17

Biggest buyers

HBK INVESTMENTS L P New +3,792,518+3.8m
MILLENNIUM MANAGEMENT LLC Added +2,158,264+2.2m
Qube Research & Technologies Ltd Added +1,551,327+1.6m
SOROS FUND MANAGEMENT LLC New +1,438,381+1.4m
Balyasny Asset Management L.P. Added +840,489+840.5k
First Trust Capital Management L.P. New +838,645+838.6k
Polar Asset Management Partners Inc. Added +769,833+769.8k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +637,413+637.4k
AMERICAN CENTURY COMPANIES INC Added +433,327+433.3k
HRT FINANCIAL LP Added +380,798+380.8k

Biggest sellers

NOMURA HOLDINGS INC Reduced -2,889,612-2.9m
STATE STREET CORP Reduced -2,030,092-2.0m
JPMORGAN CHASE & CO Reduced -1,404,412-1.4m
FMR LLC Reduced -1,171,454-1.2m
BARCLAYS PLC Reduced -996,991-997.0k
BlackRock, Inc. Reduced -939,055-939.1k
AQR CAPITAL MANAGEMENT LLC Reduced -821,134-821.1k
CITADEL ADVISORS LLC Reduced -720,998-721.0k
UBS Group AG Reduced -598,092-598.1k
MARSHALL WACE, LLP Sold out -399,730-399.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.6m251.2k shares
CITADEL ADVISORS LLC Reduced $1.6m31.2k shares
GROUP ONE TRADING LLC Reduced $966.0k19.3k shares
SIMPLEX TRADING, LLC Reduced $295.3k5.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6m32.8k shares
CITADEL ADVISORS LLC Reduced $770.8k15.4k shares
GROUP ONE TRADING LLC Reduced $210.2k4.2k shares
SIMPLEX TRADING, LLC Reduced $20.0k400 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.01% of their portfolio New York, NY 13,912,27113.9m $696.3m $696.3m 0.01% Reduced -939.1k -939,055
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 12,978,99613.0m $649.6m $649.6m 0.01% Reduced -263.2k -263,184
3 FMR LLC 0.02% of their portfolio BOSTON, MA 8,624,5168.6m $431.7m $431.7m 0.02% Reduced -1.2m -1,171,454
4 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 6,810,1076.8m $340.8m $340.8m 0.06% Reduced -129.7k -129,707
5 Pinnacle Financial Partners, Inc. 2.01% of their portfolio ATLANTA, GA 5,310,6165.3m $265.8m $265.8m 2.01% First filing
6 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 4,691,7684.7m $234.8m $234.8m 0.05% Added +214.4k +214,431
7 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,113,7124.1m $205.9m $205.9m 0.01% Reduced -2.0m -2,030,092
8 NORGES BANK 0.02% of their portfolio OSLO, Q8 4,077,1314.1m $204.1m $204.1m 0.02% Not comparable
9 HBK INVESTMENTS L P 2.05% of their portfolio DALLAS, TX 3,792,5183.8m $189.5m $189.5m 2.05% New
10 MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 2,643,6252.6m $132.3m $132.3m 0.10% Added +2.2m +2,158,264
11 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,329,3942.3m $119.6m $119.6m 0.01% Reduced -332.3k -332,335
12 Qube Research & Technologies Ltd 0.15% of their portfolio LONDON, X0 2,117,7552.1m $106.0m $106.0m 0.15% Added +1.6m +1,551,327
13 AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio Greenwich, CT 2,037,9092.0m $102.0m $102.0m 0.05% Reduced -821.1k -821,134
14 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,683,4751.7m $84.3m $84.3m 0.01% Added +4.9k +4,857
15 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.56% of their portfolio NEW YORK, NY 1,620,3421.6m $81.1m $81.1m 0.56% Reduced -176.9k -176,930
16 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 1,608,0761.6m $80.5m $80.5m 0.05% Added +637.4k +637,413
17 T. Rowe Price Investment Management, Inc. 0.03% of their portfolio BALTIMORE, MD 1,541,6671.5m $77.2m $77.2m 0.03% Added +352.1k +352,091
18 SOROS FUND MANAGEMENT LLC 0.97% of their portfolio NEW YORK, NY 1,438,3811.4m $72.0m $72.0m 0.97% New
19 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,370,9141.4m $68.6m $68.6m 0.03% Added +433.3k +433,327
20 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,304,5961.3m $65.3m $65.3m 0.01% Reduced -35.8k -35,825
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,293,4141.3m $64.7m $64.7m 0.01% Reduced -124.8k -124,776
22 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,133,0011.1m $56.7m $56.7m 0.01% Reduced -167.1k -167,132
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,035,2881.0m $51.8m $51.8m 0.00% Reduced -1.4m -1,404,412
24 Balyasny Asset Management L.P. 0.08% of their portfolio Chicago, IL 887,788887.8k $44.4m $44.4m 0.08% Added +840.5k +840,489
25 First Trust Capital Management L.P. 2.54% of their portfolio CHICAGO, IL 838,645838.6k $42.0m $42.0m 2.54% New
26 Polar Asset Management Partners Inc. 0.83% of their portfolio TORONTO, A6 835,115835.1k $41.8m $41.8m 0.83% Added +769.8k +769,833
27 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 729,615729.6k $36.5m $36.5m 0.01% Added +14.6k +14,637
28 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.93% of their portfolio CHICAGO, IL 699,181699.2k $35.0m $35.0m 0.93% Not comparable
29 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 692,351692.4k $34.7m $34.7m 0.03% Reduced -126.6k -126,590
30 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 675,464675.5k $33.8m $33.8m 0.03% Reduced -297.5k -297,486
31 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 611,519611.5k $30.6m $30.6m 0.02% Added +276.7k +276,677
32 ALGERT GLOBAL LLC 0.47% of their portfolio SAN FRANCISCO, CA 603,858603.9k $30.2m $30.2m 0.47% Added +158.7k +158,680
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 585,022585.0k $29.3m $29.3m 0.00% Reduced -50.0k -50,050
34 SHAPIRO CAPITAL MANAGEMENT LLC 1.54% of their portfolio ATLANTA, GA 582,895582.9k $29.2m $29.2m 1.54% Added +177.2k +177,200
35 HRT FINANCIAL LP 0.12% of their portfolio NEW YORK, NY 582,228582.2k $29.1m $29.1m 0.12% Added +380.8k +380,798
36 TUDOR INVESTMENT CORP ET AL 0.14% of their portfolio STAMFORD, CT 494,625494.6k $24.8m $24.8m 0.14% Added +171.5k +171,538
37 BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.95% of their portfolio NEW YORK, NY 430,841430.8k $21.6m $21.6m 0.95% Unchanged
38 Retirement Systems of Alabama 0.07% of their portfolio MONTGOMERY, AL 428,732428.7k $21.5m $21.5m 0.07% Reduced -1.2k -1,220
39 MetLife Investment Management, LLC 0.10% of their portfolio Whippany, NJ 418,832418.8k $21.0m $21.0m 0.10% Reduced -3.3k -3,287
40 WATER ISLAND CAPITAL LLC 2.47% of their portfolio NEW YORK, NY 403,650403.6k $20.2m $20.2m 2.47% Reduced -17.9k -17,850
41 Capitolis Liquid Global Markets LLC 0.12% of their portfolio NEW YORK, NY 390,000390.0k $19.5m $19.5m 0.12% Reduced -5.0k -5,000
42 Private Capital Management, LLC 1.71% of their portfolio NAPLES, FL 358,880358.9k $18.0m $18.0m 1.71% Reduced -32.9k -32,878
43 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 356,934356.9k $17.9m $17.9m 0.01% Reduced -6.4k -6,423
44 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 329,722329.7k $16.5m $16.5m 0.00% Added +165.0k +164,953
45 JACOBS LEVY EQUITY MANAGEMENT, INC 0.06% of their portfolio FLORHAM PARK, NJ 318,955319.0k $16.0m $16.0m 0.06% Reduced -11.7k -11,692
46 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 317,000317.0k $15.9m $15.9m 0.03% New
47 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 313,348313.3k $15.7m $15.7m 0.01% Added +68.3k +68,324
48 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 311,460311.5k $15.6m $15.6m 0.02% Added +70.3k +70,272
49 AQR Arbitrage LLC 0.32% of their portfolio Greenwich, CT 302,981303.0k $15.2m $15.2m 0.32% New
50 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 276,489276.5k $13.8m $13.8m 0.07% Reduced -692 -692
51 Kintayl Capital LP 8.35% of their portfolio NEW YORK, NY 276,426276.4k $13.8m $13.8m 8.35% Added +124.3k +124,282
52 Swiss National Bank 0.01% of their portfolio ZURICH, V8 273,619273.6k $13.7m $13.7m 0.01% Added +3.9k +3,900
53 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 268,694268.7k $13.6m $13.6m 0.01% Reduced -40.6k -40,555
54 IEQ CAPITAL, LLC 0.04% of their portfolio Foster City, CA 266,872266.9k $13.4m $13.4m 0.04% Reduced -46.3k -46,347
55 GAMCO INVESTORS, INC. ET AL 0.13% of their portfolio GREENWICH, CT 264,407264.4k $13.2m $13.2m 0.13% Reduced -13.1k -13,119
56 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 261,475261.5k $13.1m $13.1m 0.02% Reduced -379 -379
57 Sagefield Capital LP 1.09% of their portfolio DALLAS, TX 257,708257.7k $12.9m $12.9m 1.09% New
58 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 257,667257.7k $12.9m $12.9m 0.00% Reduced -7.3k -7,334
59 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 257,550257.6k $12.9m $12.9m 0.01% Added +3.2k +3,158
60 UBS Group AG 0.00% of their portfolio ZURICH, V8 250,249250.2k $12.5m $12.5m 0.00% Reduced -598.1k -598,092
61 Diamond Hill Capital Management, LLC (Investment Advisor) 0.06% of their portfolio COLUMBUS, OH 249,330249.3k $12.5m $12.5m 0.06% Unchanged
62 INTECH INVESTMENT MANAGEMENT LLC 0.10% of their portfolio WEST PALM BEACH, FL 219,166219.2k $11.0m $11.0m 0.10% Added +104.7k +104,722
63 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 218,090218.1k $10.9m $10.9m 0.02% Reduced -163.0k -163,036
64 GABELLI FUNDS LLC 0.07% of their portfolio Rye, NY 218,079218.1k $10.9m $10.9m 0.07% Reduced -56.0k -56,041
65 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 214,360214.4k $10.7m $10.7m 0.03% Reduced -4.6k -4,630
66 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 214,046214.0k $10.7m $10.7m 0.00% Reduced -997.0k -996,991
67 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 210,615210.6k $10.8m $10.8m 0.01% Reduced -83.0k -83,028
68 Quantinno Capital Management LP 0.02% of their portfolio NEW YORK, NY 208,325208.3k $10.4m $10.4m 0.02% Added +13.3k +13,321
69 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.02% of their portfolio PHILADELPHIA, PA 204,849204.8k $10.3m $10.3m 0.02% First filing
70 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 202,381202.4k $10.1m $10.1m 0.00% Reduced -105.7k -105,715
71 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 200,847200.8k $10.1m $10.1m 0.02% Added +48.5k +48,515
72 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 199,607199.6k $10.0m $10.0m 0.02% Added +136.4k +136,384
73 GLAZER CAPITAL, LLC 0.26% of their portfolio New York, NY 196,325196.3k $9.8m $9.8m 0.26% New
74 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 194,800194.8k $9.7m $9.7m 0.01% New
75 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 192,674192.7k $9.6m $9.6m 0.01% Added +160.7k +160,693
76 ALPINE ASSOCIATES MANAGEMENT INC. 0.64% of their portfolio PALM BEACH, FL 190,312190.3k $9.5m $9.5m 0.64% Reduced -13.8k -13,788
77 Alberta Investment Management Corp 0.06% of their portfolio EDMONTON, A0 185,000185.0k $9.3m $9.3m 0.06% New
78 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 178,400178.4k $8.9m $8.9m 0.00% Added +3.0k +2,999
79 Blue Trust, Inc. 0.10% of their portfolio BRENTWOOD, TN 169,851169.9k $8.5m $8.5m 0.10% Reduced -4.1k -4,078
80 Cinctive Capital Management LP 0.49% of their portfolio New York, NY 169,341169.3k $8.5m $8.5m 0.49% New
81 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 164,034164.0k $8.2m $8.2m 0.01% Added +82.0k +82,016
82 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 163,071163.1k $8.2m $8.2m 0.01% Reduced -675 -675
83 Rafferty Asset Management, LLC 0.03% of their portfolio New York, NY 159,657159.7k $8.0m $8.0m 0.03% Reduced -50.1k -50,061
84 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 156,780156.8k $7.8m $7.8m 0.01% Added +118.4k +118,357
85 ExodusPoint Capital Management, LP 0.08% of their portfolio NEW YORK, NY 151,897151.9k $7.6m $7.6m 0.08% Added +80.0k +80,041
86 SALZHAUER MICHAEL 3.36% of their portfolio NEW YORK, NY 151,523151.5k $7.6m $7.6m 3.36% Added +188 +188
87 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 150,631150.6k $7.5m $7.5m 0.00% Reduced -173.3k -173,290
88 Shay Capital LLC 1.21% of their portfolio NEW YORK, NY 150,000150.0k $7.5m $7.5m 1.21% New
89 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 148,400148.4k $7.4m $7.4m 0.00% Reduced -134.9k -134,900
90 Virtu Financial LLC 0.27% of their portfolio New York, NY 139,339139.3k $7.0m $7.0m 0.27% New
91 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 137,438137.4k $6.9m $6.9m 0.01% Unchanged
92 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 131,683131.7k $6.6m $6.6m 0.01% Added +1.1k +1,071
93 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 129,674129.7k $6.5m $6.5m 0.00% Reduced -8.6k -8,551
94 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 124,777124.8k $6.2m $6.2m 0.00% Reduced -31.3k -31,289
95 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 124,155124.2k $6.2m $6.2m 0.01% Reduced -11.6k -11,629
96 Asio Capital, LLC 0.87% of their portfolio LEXINGTON, KY 123,875123.9k $6.2m $6.2m 0.87% Added +2.8k +2,789
97 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 122,600122.6k $6.1m $6.1m 0.01% Added +44.0k +44,000
98 CWM, LLC 0.02% of their portfolio OMAHA, NE 120,586120.6k $6.0m $6.0m 0.02% Reduced -26.6k -26,552
99 Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio TOKYO, M0 119,194119.2k $6.0m $6.0m 0.01% Added +42.9k +42,860
100 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 118,104118.1k $5.9m $5.9m 0.00% Added +18.3k +18,271