Aflac

AFL • NYSE

Aflac is a insurance - life company in the financial services sector on NYSE, led by Daniel P. Amos, with a market cap of $57.7B. As of Q3 2025, 65% of shares are held by 1,573 institutional investors, with Japan Post Holdings Co., Ltd. as the largest holder at 9.78%.

Chairman, Chief Executive Officer, and PresidentDaniel P. Amos

Market Cap$57.7B

Insurance - Life

Financial Services

Employees12.8K

Websiteaflac.com

Country

United States of America

Overview

Overview of institutional ownership in AFL as of Q3 2025 with a market cap of $59.7B

All Institutions

Institutions: 1,573
Value Held: $38.7B
Shares Held: 347.3M
Avg Position: $24.6M
Median Position: $835.3K

Hedge Funds

Hedge Funds: 55
Value Held: $766.2M
Shares Held: 6.9M
Avg Position: $13.9M
Median Position: $2.2M

Ownership Breakdown

Institutional (non-HF)

63.5%

$37.9B

Hedge Funds

1.28%

$766.2M

Retail & Other

35.22%

$21.0B

Based on market cap of $59.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in AFL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Japan Post Holdings Co., Ltd. Private Equity	Mitchell Alan Davidson Managing Partner	$5.8B 100.00% of portfolio	9.78% 52.3M shares	Q4 2019 Held for 5y 11m	$5.8B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$5.6B 0.08% of portfolio	9.42% 50.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$4.3B 0.08% of portfolio	7.22% 38.6M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.7B 0.09% of portfolio	4.55% 24.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$1.2B 0.25% of portfolio	2.07% 11.1M shares	Q4 2013 Held for 11y 11m	$488.50B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.2B 0.08% of portfolio	2.00% 10.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$926.8M 0.06% of portfolio	1.55% 8.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$759.7M 0.10% of portfolio	1.27% 6.8M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	James Poucher CEO	$513.7M 0.11% of portfolio	0.86% 4.6M shares	≤ Q2 2013 Held for 12y 5m+	$460.61B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$493.0M 0.11% of portfolio	0.83% 4.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B

Net Capital Flow

Institutional buying and selling activity for AFL in Q3 2025

Traded: −$1.1B
Buyers: 609
Sellers: 725
Total Bought: +$1.3B
Total Sold: −$2.4B
Avg Position: $23.2M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$130.2M +1.2M shares	$141.2M 1.3M shares
Q Qube Research & Technologies Ltd Institution	+$102.3M +916.0K shares	$186.6M 1.7M shares
J JANE STREET GROUP, LLC Institution	+$80.1M +717.4K shares	$128.4M 1.1M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$67.6M +604.9K shares	$102.3M 916.3K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$66.7M +597.1K shares	$85.7M 766.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$58.5M +523.8K shares	$73.0M 653.9K shares
FMR LLC Institution	+$49.2M +440.4K shares	$186.2M 1.7M shares
B BNP Paribas Investment Partners S.A. Institution	+$48.0M +429.9K shares	$75.1M 672.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$38.5M +344.4K shares	$85.5M 765.0K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$35.7M +319.2K shares	$136.8M 1.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
WELLS FARGO & COMPANY/MN Institution	−$405.4M −3.6M shares	$1.2B 11.1M shares
FIRST TRUST ADVISORS LP ETF Provider	−$204.4M −1.8M shares	$226.2M 2.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$160.8M −1.4M shares	$513.7M 4.6M shares
UBS Group AG Institution	−$116.0M −1.0M shares	$232.5M 2.1M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$102.9M −975.4K shares	Sold Off 0 shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	−$88.5M −792.0K shares	$96.1M 860.5K shares
JPMORGAN CHASE & CO Institution	−$74.1M −663.0K shares	$207.2M 1.9M shares
BARCLAYS PLC Institution	−$72.1M −645.5K shares	$125.5M 1.1M shares
Marshall Wace LLP Institution	−$53.0M −474.8K shares	$25.3M 226.6K shares
CITIGROUP INC Institution	−$46.4M −415.8K shares	$87.5M 783.0K shares

Entry and Exit Activity

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

New Positions: 51
New Value: $22.8M
Exited Positions: 98
Exited Value: $274.8M

New Positions

Institution	Position Value
BlueChip Wealth Advisors LLC RIA/Wealth	$6.5M 58.2K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$2.6M 23.1K shares
Berman McAleer LLC RIA/Wealth	$1.6M 14.1K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$1.4M 12.5K shares
MKT Advisors LLC RIA/Wealth	$1.0M 9.4K shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	$869.8K 7.8K shares
A Applied Finance Capital Management, LLC Long Only Manager	$855.6K 7.7K shares
T TEMA ETFS LLC Institution	$843.9K 7.6K shares
Caerus Investment Advisors, LLC Venture Capital	$474.3K 4.2K shares
MONECO Advisors, LLC RIA/Wealth	$435.9K 3.9K shares

Exited Positions

Institution	Previous Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$102.9M 975.4K shares
H HRT FINANCIAL LLC Institution	$26.9M 255.0K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$26.5M 251.6K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$20.3M 192.9K shares
A AXA Institution	$15.5M 146.9K shares
Y Y-Intercept Ltd Institution	$8.4M 79.8K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$8.2M 77.6K shares
A Andra AP-fonden Institution	$7.3M 68.8K shares
Aster Capital Management Ltd RIA/Wealth	$4.6M 43.7K shares
Dorsey Wright & Associates ETF Provider	$4.5M 42.7K shares

Options Activity

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

Call Positions: 32
Call Value: $399.8M
Put Positions: 31
Put Value: $155.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$90.2M 8.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$65.0M 5.8K contracts
J JANE STREET GROUP, LLC Institution	$51.1M 4.6K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$50.2M 4.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$27.3M 2.4K contracts
W WOLVERINE TRADING, LLC Institution	$24.7M 2.2K contracts
Walleye Trading LLC RIA/Wealth	$15.4M 1.4K contracts
R ROYAL BANK OF CANADA Institution	$15.0M 1.3K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$10.0M 895.0 contracts
GOLDMAN SACHS GROUP INC Institution	$9.7M 867.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$42.0M 3.8K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$28.5M 2.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$22.3M 2.0K contracts
GOLDMAN SACHS GROUP INC Institution	$9.7M 872.0 contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$6.4M 570.0 contracts
Walleye Trading LLC RIA/Wealth	$6.2M 552.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$6.1M 5.4 contracts
W WOLVERINE TRADING, LLC Institution	$5.7M 512.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$4.2M 380.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$4.0M 354.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Japan Post Holdings Co., Ltd. Private Equity	Mitchell Alan Davidson Managing Partner	100.00% $5.8B	9.78% 52.3M shares	Q4 2019 Held for 5y 11m	$5.8B
Philo Smith Capital Corp Hedge Fund•Sector	James Earl Inglis President	8.35% $29.9M	0.05% 267.8K shares	Q3 2021 Held for 4y 2m	$358.4M
GREATMARK INVESTMENT PARTNERS, INC. RIA/Wealth	Jeffrey Guy Adams CCO	6.72% $56.0M	0.09% 501.7K shares	≤ Q2 2013 Held for 12y 5m+	$833.9M
P PACES FERRY WEALTH ADVISORS, LLC RIA/Wealth	Zachary Aaron Morris Founder	5.91% $14.1M	0.02% 126.3K shares	Q4 2024 Held for 11 months	$238.7M
G Guinness Asset Management LTD Institution	-	4.21% $264.2M	0.44% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.3B
E EDMP, INC. RIA/Wealth	Julie Cycenas Carnevale President	3.85% $4.9M	0.01% 43.5K shares	≤ Q2 2013 Held for 12y 5m+	$126.2M
BluePath Capital Management, LLC RIA/Wealth	Martin James Briesach Managing Partner	3.69% $8.8M	0.01% 78.5K shares	Q3 2023 Held for 2y 2m	$237.7M
PENINSULA ASSET MANAGEMENT INC RIA/Wealth	Brian Scott Miller President	3.51% $6.8M	0.01% 61.2K shares	Q1 2016 Held for 9y 8m	$194.8M
TANAKA CAPITAL MANAGEMENT INC RIA/Wealth	Graham Yoshio Tanaka President	3.31% $2.3M	0.00% 20.4K shares	Q3 2025 Held for 2 months	$68.8M
B Bancreek Capital Management, LP Hedge Fund•Value	Andrew Loren Skatoff CIO	3.21% $1.5M	0.00% 13.7K shares	Q2 2025 Held for 5 months	$47.7M

Hedge Fund Spotlight

Discover hedge funds investing in AFL

Numerai GP LLC

Hedge Fund • Quant

Portfolio ManagerRichard Malone Craib

Portfolio Value: $707.9M
Positions: 545
Last Reported: Q3 2025

Sector Allocation

Position in Aflac

Market Value: $301.6K
Shares Held: 2.7K
Portfolio Weight: 0.04%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Costco Wholesale COST	Discount Stores Consumer Defensive	$11.8M	1.66%
2 Manulife Financial MFC	Insurance - Life Financial Services	$10.2M	1.44%
3 IDEX IEX	Industrial - Machinery Industrials	$10.1M	1.43%