Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Horizon Corporation (FHN)

662 + 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
↑ +31
Streak
5Q ▲
Buyers last Q
52%

Smart Money Signals — FHN

Based on 671 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 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
671 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.
🚀

Fast accumulation — +22% more funds vs a year ago

fund count last 6Q
+119 new funds entered over the past year (+22% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 52% buying

328 buying301 selling
Last quarter: 328 funds bought or added vs 301 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 — ~94 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 82 → 97 → 96 → 94. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 18% medium ■ 18% new
426 out of 671 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.
💰

Value +19% but shares only +3% — price-driven

Value
+18%
Shares
+3%
Last quarter: the total dollar value of institutional holdings rose +19%, but actual share count only changed +3%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~94 new funds/quarter

64 → 82 → 97 → 96 → 94 new funds/Q
New funds entering each quarter: 82 → 97 → 96 → 94. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 70% veterans vs 19% newcomers

■ 70% veterans ■ 11% 1-2yr ■ 19% new
Entry-cohort mix of 690 holders: 482 (70%) are 2+ year veterans, 75 entered 1–2 years ago, and 133 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 66% AUM from top-100 funds

66% from top-100 AUM funds
62 of 668 holders are among the 100 largest funds by AUM, controlling 66% 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 Q2, 328 hedge funds were net buyers of FHN (94 opened a new position, 234 added to an existing one), while 301 reduced or exited (238 trimmed, 63 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 66% of total institutional value in FHN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +31 funds (more new holders than closures). Total institutional holders: 671.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 3 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: FHN
662 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 662 640 3.44%
13F Shares 417M 419M -0.36%
Total Value $10.18B $9.03B 12.7%
New Positions 92 96 -4
Increased Positions 225 223 +2
Closed Positions 67 69 -2
Reduced Positions 234 214 +20
Total Calls 10 14 -28.57%
Total Puts 11 13 -15.38%
PUT/CALL Ratio 1.1 0.93 Neutral

Statistics: FHN

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Financial Highlights

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Institutional Holders (2026 Q2)

662 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 North Reef Capital Management LP 9.05% 9,201,256 $235.9M
2 Triveni Capital Investments LP 5.68% 185,844 $4.8M
3 Mendon Capital Advisors Corp 3.72% 410,000 $10.5M
4 Andrew Hill Investment Advisors, Inc. 3.00% 157,431 $4.0M
5 Carlson Capital, L.P. 2.68% 516,678 $13.2M
6 Expect Equity LLC 2.63% 159,286 $4.1M
7 Huber Capital Management LLC 2.17% 574,268 $14.7M
8 Reliant Investment Management, LLC 2.04% 223,490 $5.7M
9 EJF Capital LP 1.98% 115,389 $3.0M
10 Cherokee Insurance Co 1.68% 170,000 $4.4M
11 Artemis Investment Management LLP 1.64% 7,176,822 $184.0M
12 Duncan Williams Asset Management, LLC 1.24% 214,501 $5.5M
13 Salzhauer Michael 1.15% 131,446 $3.4M
14 Capital Square, LLC 1.12% 98,980 $2.5M
15 Illumine Investment Management, LLC 1.09% — $1.7M
16 Cander Asset Management LP 0.97% 204,637 $5.2M
17 Wakefield Asset Management LLLP 0.92% 159,157 $4.1M
18 Maltese Capital Management LLC 0.75% 160,782 $4.1M
19 Wealth Preservation Advisors, LLC 0.74% 50,638 $1.3M
20 Interval Partners, LP 0.73% 1,105,169 $28.3M
21 PL Capital Advisors, LLC 0.71% 100,000 $2.6M
22 Sculptor Capital LP 0.69% 3,300,000 $84.6M
23 Leeward Investments, LLC - MA 0.67% 572,593 $14.7M
24 Occudo Quantitative Strategies LP 0.66% 486,409 $12.5M
25 Access Investment Management LLC 0.60% 91,384 $2.3M
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 — 5 quarters in a row: For 5 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 — 52% buying: Last quarter: 328 funds bought or added vs 301 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 — 66% AUM from top-100 funds: 62 of 668 holders are among the 100 largest funds by AUM, controlling 66% 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?

63% of holders stayed for 2+ years: 426 out of 671 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.

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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