Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Horizon Corporation (FHN)

630 + Investors. Track Smart Money conviction in FHN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +25
Streak
4Q ▲
Buyers last Q
53%

Smart Money Signals — FHN

Based on 637 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added FHN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
637 hedge funds hold FHN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +17% more funds vs a year ago

fund count last 6Q
+92 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 53% buying

328 buying287 selling
Last quarter: 328 funds bought or added vs 287 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~95 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 62 → 82 → 96 → 95. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 18% medium ■ 18% new
407 out of 637 hedge funds have held FHN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

69 → 62 → 82 → 96 → 95 new funds/Q
New funds entering each quarter: 62 → 82 → 96 → 95. A growing number of institutions are discovering FHN each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 70% veterans vs 20% newcomers

■ 70% veterans ■ 10% 1-2yr ■ 20% new
Entry-cohort mix of 663 holders: 466 (70%) are 2+ year veterans, 66 entered 1–2 years ago, and 131 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
58 of 636 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in FHN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — FHN

In 2026 Q1, 328 hedge funds were net buyers of FHN (95 opened a new position, 233 added to an existing one), while 287 reduced or exited (217 trimmed, 70 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 47% of total institutional value in FHN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +25 funds (more new holders than closures). Total institutional holders: 637.

Hedge Fund Ownership: FHN

How many hedge funds hold FHN — quarterly history vs. share price
Quarterly hedge fund ownership of FHN vs. share price

Market Analysis: FHN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: FHN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy First Horizon Corporation (FHN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much FHN has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 79d ago
FHN
+8.7%
XLF
+9.5%

FHN outperformed XLF by -0.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
FHN
+5.6%
XLF
+5.8%

Since the filing became public, FHN outperformed XLF by -0.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

40 top-rated funds 3 high-conviction
Consensus
7.0
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: FHN
630 + Investors

Track Smart Money conviction in FHN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 630 612 2.94%
13F Shares 412M 442M -6.75%
Total Value $8.90B $10.65B -16.45%
New Positions 93 96 -3
Increased Positions 219 202 +17
Closed Positions 75 59 +16
Reduced Positions 211 211 -
Total Calls 14 21 -33.33%
Total Puts 13 16 -18.75%
PUT/CALL Ratio 0.93 0.76 Neutral

Statistics: FHN

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

630 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in FHN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 FHN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 North Reef Capital Management LP 11.32% 14,453,208 $329.0M
2 Triveni Capital Investments LP 6.42% 284,813 $6.5M
3 Mendon Capital Advisors Corp 3.78% 428,585 $9.8M
4 Expect Equity LLC 3.73% 170,926 $3.9M
5 Andrew Hill Investment Advisors, Inc. 3.23% 159,449 $3.6M
6 Cander Asset Management LP 3.02% 738,556 $16.8M
7 12th Street Asset Management Company, LLC 2.60% 698,869 $15.9M
8 EJF Capital LP 2.31% 144,196 $3.3M
9 Huber Capital Management LLC 2.02% 574,268 $13.1M
10 Salzhauer Michael 1.49% 282,058 $3.2M
11 Cherokee Insurance Co 1.47% 170,000 $3.9M
12 Artemis Investment Management LLP 1.39% 5,756,478 $131.0M
13 Duncan Williams Asset Management, LLC 1.35% 214,680 $4.9M
14 Capital Square, LLC 1.23% 110,458 $2.7M
15 Leeward Investments, LLC - MA 1.10% 978,868 $22.3M
16 Wakefield Asset Management LLLP 1.10% 181,858 $4.1M
17 Olympiad Research LP 0.72% 10,352 $236K
18 Maltese Capital Management LLC 0.71% 158,344 $3.6M
19 Illumine Investment Management, LLC 0.70% 39,937 $909K
20 Commerce Advisors, LLC 0.69% 36,150 $823K
21 PL Capital Advisors, LLC 0.69% 100,000 $2.3M
22 Interval Partners, LP 0.66% 1,103,931 $25.1M
23 Harmony Asset Management LLC 0.62% 89,252 $2.0M
24 Aldebaran Financial Inc. 0.59% 27,359 $623K
25 Advisors Preferred, LLC 0.58% 173,823 $4.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — First Horizon Corporation (FHN)

What does the Smart Money Trend signal show for FHN?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added FHN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for FHN?

Slight buying edge — 53% buying: Last quarter: 328 funds bought or added vs 287 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for FHN holders?

Elite ownership — 47% AUM from top-100 funds: 58 of 636 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in FHN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held FHN?

64% of holders stayed for 2+ years: 407 out of 637 hedge funds have held FHN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy First Horizon Corporation (FHN) following the 2026 Q1 hedge fund 13F filings?

As of today, FHN has moved +5.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of -0.2%. Since the quarter end (March 31, 2026), FHN has gained +8.7% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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