Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hanover Ins Group Inc (THG)

541 + 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
↑ +41
Streak
4Q ▲
Buyers last Q
58%

Smart Money Signals — THG

Based on 544 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 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
544 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.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+115 new funds entered over the past year (+27% 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 — 58% buying

295 buying211 selling
Last quarter: 295 funds bought or added vs 211 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.
📈

More new buyers each quarter (+24 vs last Q)

new funds entering per quarter
Funds opening a new THG position: 69 → 77 → 64 → 88. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 20% medium ■ 22% new
313 out of 544 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.
➡️

Steady discovery — ~88 new funds/quarter

50 → 69 → 77 → 64 → 88 new funds/Q
New funds entering each quarter: 69 → 77 → 64 → 88. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 63% veterans vs 25% newcomers

■ 63% veterans ■ 11% 1-2yr ■ 25% new
Entry-cohort mix of 548 holders: 347 (63%) are 2+ year veterans, 62 entered 1–2 years ago, and 139 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
59 of 544 holders are among the 100 largest funds by AUM, controlling 60% 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.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 Q2, 295 hedge funds were net buyers of THG (88 opened a new position, 207 added to an existing one), while 211 reduced or exited (164 trimmed, 47 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 60% of total institutional value in THG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +41 funds (more new holders than closures). Total institutional holders: 544.

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 Q2 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 June 30, 2026 · 82d ago
THG
+6.2%
XLF
+4.2%

THG outperformed XLF by +2.0% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
THG
+1.3%
XLF
-4.0%

Since the filing became public, THG outperformed XLF by +5.3% .

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.

20 top-rated funds 3 high-conviction
Consensus
5.7
/ 10
breadth
×
Elite
2.4
/ 10
conviction
Hedge Fund Positioning: THG
541 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 541 503 7.55%
13F Shares 32M 32M 0.79%
Total Value $6.23B $5.15B 21.16%
New Positions 87 64 +23
Increased Positions 204 199 +5
Closed Positions 49 49 -
Reduced Positions 163 152 +11
Total Calls 2 1 100.0%
Total Puts 2 2 -
PUT/CALL Ratio 1.0 2.0 Neutral

Statistics: THG

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

541 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Longboard Asset Management, LP 3.86% 1,074 $230K
2 Pullen Investment Management, LLC 1.44% 14,571 $3.1M
3 Philadelphia Financial Management of San Francisco, LLC 1.34% 31,040 $6.6M
4 Altrinsic Global Advisors LLC 0.94% 119,083 $25.5M
5 Leeward Investments, LLC - MA 0.88% 90,134 $19.3M
6 Hodges Capital Management Inc. 0.74% 52,369 $11.2M
7 Croban 0.71% 7,478 $1.6M
8 Vaughan Nelson Investment Management, L.P. 0.71% 372,514 $79.8M
9 Interval Partners, LP 0.69% 124,856 $26.7M
10 Arbejdsmarkedets Tillaegspension 0.69% 147,109 $31.5M
11 Ironwood Investment Management LLC 0.68% 9,232 $2.0M
12 Fuller & Thaler Asset Management, INC. 0.64% 1,089,705 $233.3M
13 Bedminster, LLC 0.52% 2,865 $613K
14 Markel Group INC. 0.46% 281,000 $60.2M
15 London Co of Virginia 0.44% 360,801 $77.3M
16 Martingale Asset Management L P 0.42% 83,765 $17.9M
17 A&I Financial Services, LLC 0.42% 4,486 $961K
18 Precision Wealth Strategies, LLC 0.41% 6,398 $1.4M
19 Impact Investors, Inc 0.40% 2,561 $548K
20 Caitlin John, LLC 0.39% 3,353 $718K
21 Heartland Advisors Inc 0.36% 37,549 $8.0M
22 Dockside LLC 0.34% 6,817 $1.5M
23 Hamilton Capital Partners Inc. 0.31% 5,452 $737K
24 Leuthold Group, LLC 0.29% 13,633 $2.9M
25 Meiji Yasuda Asset Management Co Ltd. 0.28% 29,298 $6.3M
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 — 4 quarters in a row: For 4 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 — 58% buying: Last quarter: 295 funds bought or added vs 211 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 — 60% AUM from top-100 funds: 59 of 544 holders are among the 100 largest funds by AUM, controlling 60% 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?

58% of holders stayed for 2+ years: 313 out of 544 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 Q2 hedge fund 13F filings?

As of today, THG has moved +1.3% since the 2026 Q2 13F filing date (August 14, 2026), compared to -4.0% for the XLF sector ETF — an outperformance of +5.3%. Since the quarter end (June 30, 2026), THG has gained +6.2% vs +4.2% 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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