Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hanover Ins Group Inc (THG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
3Q ▲
Buyers last Q
56%

Smart Money Signals — THG

Based on 500 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added THG 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
500 hedge funds hold THG 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 — +15% more funds vs a year ago

fund count last 6Q
+65 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

262 buying202 selling
Last quarter: 262 funds bought or added vs 202 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.
⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 49 → 69 → 76 → 63. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 19% new
301 out of 500 hedge funds have held THG 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

80 → 49 → 69 → 76 → 63 new funds/Q
New funds entering each quarter: 49 → 69 → 76 → 63. A growing number of institutions are discovering THG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Of 501 current holders: 325 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
55 of 500 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in THG. 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 — THG

In 2026 Q1, 262 hedge funds were net buyers of THG (63 opened a new position, 199 added to an existing one), while 202 reduced or exited (152 trimmed, 50 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 45% of total institutional value in THG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 500.

Hedge Fund Ownership: THG

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

Market Analysis: THG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: THG

-- --

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

Is It Too Late to Buy Hanover Ins Group Inc (THG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much THG 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 · 80d ago
THG
nan%
XLF
+9.5%

THG outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
THG
nan%
XLF
+5.8%

Since the filing became public, THG outperformed XLF by nan% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

32 top-rated funds 1 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: THG
500 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 500 487 2.67%
13F Shares 31M 32M -1.58%
Total Value $5.07B $5.50B -7.85%
New Positions 63 76 -13
Increased Positions 198 172 +26
Closed Positions 50 43 +7
Reduced Positions 151 161 -10
Total Calls 1 2 -50.0%
Total Puts 2 2 -
PUT/CALL Ratio 2.0 1.0 Bearish

Statistics: THG

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

500 + investors

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

QUARTER:
Top 25 THG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pullen Investment Management, LLC 1.27% 14,605 $2.5M
2 Altrinsic Global Advisors LLC 0.81% 130,221 $22.6M
3 Leeward Investments, LLC - MA 0.79% 92,114 $16.0M
4 Hodges Capital Management Inc. 0.71% 49,188 $8.5M
5 Ironwood Investment Management LLC 0.67% 9,237 $1.6M
6 Arbejdsmarkedets Tillaegspension 0.63% 147,109 $25.5M
7 Croban 0.58% 7,173 $1.2M
8 Fuller & Thaler Asset Management, INC. 0.58% 989,837 $171.6M
9 Interval Partners, LP 0.50% 109,022 $18.9M
10 Bedminster, LLC 0.46% 2,865 $497K
11 FJ Capital Management LLC 0.44% 22,535 $3.9M
12 Markel Group INC. 0.41% 281,000 $48.7M
13 London Co of Virginia 0.41% 381,668 $66.2M
14 A&I Financial Services, LLC 0.35% 4,222 $732K
15 Martingale Asset Management L P 0.34% 78,618 $13.6M
16 Heartland Advisors Inc 0.33% 37,549 $6.5M
17 iSAM Funds (UK) Ltd 0.30% 3,537 $613K
18 Lecap Asset Management Ltd 0.30% 4,571 $792K
19 Vaughan Nelson Investment Management, L.P. 0.29% 164,710 $28.6M
20 Woodline Partners LP 0.27% 418,980 $72.6M
21 Hennessy Advisors Inc 0.27% 43,400 $7.5M
22 Precision Wealth Strategies, LLC 0.27% 4,711 $817K
23 Leuthold Group, LLC 0.26% 14,316 $2.5M
24 Meiji Yasuda Asset Management Co Ltd. 0.26% 29,598 $5.1M
25 Lighthouse Investment Partners, LLC 0.25% 41,857 $7.3M
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 — Hanover Ins Group Inc (THG)

What does the Smart Money Trend signal show for THG?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added THG 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 THG?

Slight buying edge — 56% buying: Last quarter: 262 funds bought or added vs 202 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 THG holders?

Elite ownership — 45% AUM from top-100 funds: 55 of 500 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in THG. 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 THG?

60% of holders stayed for 2+ years: 301 out of 500 hedge funds have held THG 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 Hanover Ins Group Inc (THG) following the 2026 Q1 hedge fund 13F filings?

As of today, THG has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), THG has gained nan% 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.

Full history →