American Financial Group

AFG • NYSE

American Financial Group is a insurance - property & casualty company in the financial services sector on NYSE, led by S. Craig Lindner, with a market cap of $11.4B. As of Q3 2025, 69% of shares are held by 473 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.86%.

Co-Chief Executive OfficerS. Craig Lindner

Market Cap$11.4B

Insurance - Property & Casualty

Financial Services

Employees8.5K

Websiteafginc.com

Country

United States of America

Overview

Overview of institutional ownership in AFG as of Q3 2025 with a market cap of $12.2B

All Institutions

Institutions: 473
Value Held: $8.4B
Shares Held: 57.3M
Avg Position: $17.7M
Median Position: $757.6K

Hedge Funds

Hedge Funds: 35
Value Held: $399.7M
Shares Held: 2.7M
Avg Position: $11.4M
Median Position: $2.9M

Ownership Breakdown

Institutional (non-HF)

65.47%

$8.0B

Hedge Funds

3.29%

$399.7M

Retail & Other

31.24%

$3.8B

Based on market cap of $12.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AFG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.1B 0.02% of portfolio	8.86% 7.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$1.1B 0.02% of portfolio	8.74% 7.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$1.0B 0.05% of portfolio	8.29% 6.9M shares	Q2 2014 Held for 11y 5m	$1.92T
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$431.9M 0.27% of portfolio	3.55% 3.0M shares	Q3 2013 Held for 12y 2m	$158.22B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$386.3M 0.01% of portfolio	3.18% 2.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$365.8M 0.06% of portfolio	3.01% 2.5M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
A AMERICAN FINANCIAL GROUP INC RETIREMENT & SAVINGS PLAN/ Institution	-	$350.8M 100.00% of portfolio	2.89% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$350.8M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$248.0M 0.02% of portfolio	2.04% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$164.3M 0.04% of portfolio	1.35% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$149.6M 0.02% of portfolio	1.23% 1.0M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B

Net Capital Flow

Institutional buying and selling activity for AFG in Q3 2025

Traded: +$136.3M
Buyers: 227
Sellers: 221
Total Bought: +$562.5M
Total Sold: −$426.2M
Avg Position: $16.0M

Biggest Buyers

Institution	Net Bought	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$83.3M +571.7K shares	$95.3M 654.3K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$49.2M +337.6K shares	$431.9M 3.0M shares
FMR LLC Institution	+$42.6M +292.2K shares	$1.0B 6.9M shares
NORTHERN TRUST CORP Institution	+$37.3M +255.7K shares	$149.6M 1.0M shares
Woodline Partners LP Hedge Fund•Long/Short	+$33.4M +229.1K shares	$90.6M 621.6K shares
GOLDMAN SACHS GROUP INC Institution	+$33.4M +228.9K shares	$122.2M 838.3K shares
G Gillson Capital LP Hedge Fund•Long/Short	+$24.0M +164.8K shares	$31.3M 214.6K shares
M Man Group plc Institution	+$22.0M +150.9K shares	$28.9M 198.5K shares
R Rakuten Investment Management, Inc. Institution	+$21.5M +62.8K shares	$22.2M 64.7K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	+$18.9M +129.8K shares	$19.4M 132.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BlackRock, Inc. Institution	−$45.7M −313.9K shares	$1.1B 7.3M shares
VANGUARD GROUP INC Institution	−$42.9M −294.7K shares	$1.1B 7.4M shares
L LSV ASSET MANAGEMENT Long Only Manager	−$36.0M −247.0K shares	$42.4M 291.1K shares
H HSBC HOLDINGS PLC Institution	−$23.2M −159.3K shares	$8.3M 56.7K shares
F FIL Ltd Institution	−$21.9M −150.0K shares	$18.2M 125.0K shares
A AMERICAN FINANCIAL GROUP INC RETIREMENT & SAVINGS PLAN/ Institution	−$21.2M −145.4K shares	$350.8M 2.4M shares
A Amundi Institution	−$19.9M −134.5K shares	$22.3M 151.1K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$14.0M −96.4K shares	$31.8M 218.1K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$14.0M −96.1K shares	$59.3M 407.2K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$8.0M −54.9K shares	$365.8M 2.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited AFG in Q3 2025

New Positions: 24
New Value: $3.8M
Exited Positions: 46
Exited Value: $43.9M

New Positions

Institution	Position Value
G Generali Asset Management SPA SGR Institution	$954.0K 6.5K shares
COMPASS CAPITAL CORP /MA/ /ADV RIA/Wealth	$446.3K 3.1K shares
HORAN Wealth, LLC RIA/Wealth	$398.7K 2.7K shares
V Vise Technologies, Inc. Institution	$377.3K 2.6K shares
L Leo Wealth, LLC Institution	$279.8K 1.9K shares
A Applied Finance Capital Management, LLC Long Only Manager	$254.3K 1.7K shares
Integrated Advisors Network LLC RIA/Wealth	$225.7K 1.5K shares
S SCOTIA CAPITAL INC. Institution	$223.0K 1.5K shares
AA Financial Advisors, LLC RIA/Wealth	$209.6K 1.4K shares
Ruggaard & Associates LLC RIA/Wealth	$204.0K 1.4K shares

Exited Positions

Institution	Previous Position
S Squarepoint Ops LLC Hedge Fund•Quant	$7.7M 61.4K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$6.6M 52.0K shares
Stenahm Asset Managment Ltd Fund of Funds	$6.5M 51.2K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$3.4M 27.3K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$2.7M 21.5K shares
A AXA Institution	$2.5M 19.6K shares
C CAXTON ASSOCIATES LLP Institution	$1.8M 14.2K shares
Empowered Funds, LLC ETF Provider	$1.8M 14.2K shares
Forefront Analytics, LLC RIA/Wealth	$1.3M 10.1K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$1.2M 9.9K shares

Options Activity

Institutions with the largest Call and Put options positions in AFG as of Q3 2025

Call Positions: 7
Call Value: $36.6M
Put Positions: 3
Put Value: $5.9M

Call Positions

Institution	Position Value
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$21.9M 1.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$8.7M 597.0 contracts
GOLDMAN SACHS GROUP INC Institution	$2.5M 169.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 99.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 99.0 contracts
J JANE STREET GROUP, LLC Institution	$743.2K 51.0 contracts
P PUFF WEALTH MANAGEMENT, LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.1M 213.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.9M 127.0 contracts
W WOLVERINE TRADING, LLC Institution	$896.1K 62.0 contracts

Most Committed Institutions

Institutions with AFG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A AMERICAN FINANCIAL GROUP INC RETIREMENT & SAVINGS PLAN/ Institution	-	100.00% $350.8M	2.89% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$350.8M
Wealthquest Corp RIA/Wealth	Wade Keith Daniel CEO	3.99% $50.0M	0.41% 343.4K shares	Q2 2020 Held for 5y 5m	$1.3B
N NEW VERNON INVESTMENT MANAGEMENT LLC Hedge Fund•Multi-Strategy	Steven Arthur Shapiro Managing Partner	3.57% $3.8M	0.03% 26.2K shares	Q3 2025 Held for 2 months	$107.2M
Sovereign's Capital Management, LLC Private Equity	Thomsen Paul Jacob Managing Partner	2.92% $5.4M	0.04% 36.9K shares	Q4 2024 Held for 11 months	$184.3M
G Gillson Capital LP Hedge Fund•Long/Short	Daniel Bartlett Johnson Founder	2.71% $31.3M	0.26% 214.6K shares	Q2 2025 Held for 5 months	$1.2B
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	Jordan Neil Hymowitz Managing Partner	1.79% $9.0M	0.07% 61.7K shares	Q3 2025 Held for 2 months	$503.5M
EULAV Asset Management Long Only Manager	Mitchell Eric Appel CEO	1.69% $72.7M	0.60% 498.7K shares	Q2 2017 Held for 8y 5m	$4.3B
Values First Advisors, Inc. RIA/Wealth	Larry Alexander Ellis CEO	1.08% $2.0M	0.02% 13.8K shares	Q4 2019 Held for 5y 11m	$186.1M
Archvest Wealth Advisors, Inc. RIA/Wealth	Eric Tingwoei Lai CEO	0.83% $923.0K	0.01% 6.3K shares	Q2 2025 Held for 5 months	$111.4M
Taylor Frigon Capital Management LLC RIA/Wealth	Gerard Joseph Frigon CIO	0.80% $1.6M	0.01% 11.1K shares	Q1 2024 Held for 1y 8m	$201.1M

Hedge Fund Spotlight

Discover hedge funds investing in AFG

Lombard Odier Asset Management Corp

Hedge Fund • Multi-Strategy

Portfolio ManagerRaymond Mouhadeb

Portfolio Value: $380.2M
Positions: 335
Last Reported: Q3 2025

Sector Allocation

Position in American Financial Group

Market Value: $525.9K
Shares Held: 3.6K
Portfolio Weight: 0.14%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 SLN Silence Therapeutics SLN	Unknown Unknown	$7.1M	1.87%
2 Republic Services RSG	Waste Management Industrials	$7.0M	1.84%
3 Verizon Communications VZ	Telecommunications Services Communication Services	$5.0M	1.32%

View full profile

American Financial Group

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in American Financial Group

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