Brighthouse Financial

BHF • NASDAQ

Brighthouse Financial is a insurance - life company in the financial services sector on NASDAQ, led by Eric T. Steigerwalt, with a market cap of $3.7B. As of Q3 2025, 87% of shares are held by 420 institutional investors, with BlackRock, Inc. as the largest holder at 10.6%.

President and Chief Executive OfficerEric T. Steigerwalt

Market Cap$3.7B

Insurance - Life

Financial Services

Employees1.5K

Websitebrighthousefinancial.com

Country

United States of America

Overview

Overview of institutional ownership in BHF as of Q3 2025 with a market cap of $3.0B

All Institutions

Institutions: 420
Value Held: $2.6B
Shares Held: 49.7M
Avg Position: $6.3M
Median Position: $294.3K

Hedge Funds

Hedge Funds: 47
Value Held: $564.6M
Shares Held: 10.6M
Avg Position: $12.0M
Median Position: $1.4M

Ownership Breakdown

Institutional (non-HF)

68.27%

$2.1B

Hedge Funds

18.61%

$564.6M

Retail & Other

13.12%

$397.9M

Based on market cap of $3.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in BHF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$321.6M 0.01% of portfolio	10.60% 6.1M shares	Q3 2017 Held for 8y 2m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$293.9M 0.00% of portfolio	9.69% 5.5M shares	Q3 2017 Held for 8y 2m	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$183.1M 0.04% of portfolio	6.04% 3.4M shares	Q3 2017 Held for 8y 2m	$466.32B
UBS Group AG Institution	Sergio P. Ermotti CEO	$181.2M 0.04% of portfolio	5.97% 3.4M shares	Q3 2017 Held for 8y 2m	$511.54B
D DME Capital Management, LP Hedge Fund•Long/Short	David Michael Einhorn President	$148.2M 5.83% of portfolio	4.89% 2.8M shares	Q1 2024 Held for 1y 8m	$2.5B
Pentwater Capital Management LP Hedge Fund•Event Driven	Matthew Charles Halbower CEO	$121.3M 1.15% of portfolio	4.00% 2.3M shares	Q2 2025 Held for 5 months	$10.6B
A AMERICAN CENTURY COMPANIES INC Institution	-	$117.3M 0.06% of portfolio	3.87% 2.2M shares	Q4 2020 Held for 4y 11m	$195.93B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$112.2M 0.00% of portfolio	3.70% 2.1M shares	Q3 2017 Held for 8y 2m	$2.88T
FMR LLC Institution	-	$94.4M 0.00% of portfolio	3.11% 1.8M shares	Q3 2017 Held for 8y 2m	$1.92T
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$74.1M 0.05% of portfolio	2.44% 1.4M shares	Q2 2018 Held for 7y 5m	$156.17B

Net Capital Flow

Institutional buying and selling activity for BHF in Q3 2025

Traded: +$94.0M
Buyers: 167
Sellers: 207
Total Bought: +$491.0M
Total Sold: −$397.0M
Avg Position: $5.3M

Biggest Buyers

Institution	Net Bought	Current Position
UBS Group AG Institution	+$89.7M +1.7M shares	$181.2M 3.4M shares
Pentwater Capital Management LP Hedge Fund•Event Driven	+$70.9M +1.3M shares	$121.3M 2.3M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$48.6M +915.9K shares	$74.1M 1.4M shares
B BlackRock, Inc. Institution	+$32.2M +607.1K shares	$321.6M 6.1M shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	+$31.5M +592.8K shares	$31.5M 592.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$25.1M +472.1K shares	$29.8M 561.1K shares
N Nuveen, LLC Institution	+$15.9M +298.9K shares	$20.5M 386.5K shares
TIG Advisors, LLC Hedge Fund•Multi-Strategy	+$13.8M +259.5K shares	$28.5M 536.2K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$11.1M +208.6K shares	$117.3M 2.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$9.4M +177.9K shares	$26.6M 500.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
Woodline Partners LP Hedge Fund•Long/Short	−$50.2M −933.5K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$37.1M −699.6K shares	$10.3M 193.7K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$22.5M −424.4K shares	$3.8M 72.0K shares
Marshall Wace LLP Institution	−$20.7M −390.1K shares	$26.6M 500.8K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$19.8M −368.3K shares	Sold Off 0 shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$19.7M −365.9K shares	Sold Off 0 shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$17.8M −330.3K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$13.3M −250.1K shares	$11.0M 208.0K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	−$13.1M −247.0K shares	$3.2M 60.3K shares
VANGUARD GROUP INC Institution	−$9.3M −176.1K shares	$293.9M 5.5M shares

Entry and Exit Activity

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

New Positions: 37
New Value: $29.6M
Exited Positions: 75
Exited Value: $202.3M

New Positions

Institution	Position Value
MARINER INVESTMENT GROUP LLC Hedge Fund•Multi-Strategy	$7.2M 136.0K shares
PSquared Asset Management AG Private Equity	$5.3M 99.0K shares
E Eisler Capital Management Ltd. Institution	$2.4M 45.0K shares
W Waterfront Wealth Inc. RIA/Wealth	$1.6M 34.9K shares
Cannon Global Investment Management, LLC Hedge Fund•Quant	$1.4M 27.2K shares
GABELLI FUNDS LLC Long Only Manager	$1.3M 25.0K shares
O Omni Event Management Ltd Institution	$1.3M 25.0K shares
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	$1.3M 24.9K shares
E Exit Wealth Advisors, LLC. RIA/Wealth	$1.2M 23.4K shares
C Clearline Capital LP Hedge Fund•Event Driven	$955.4K 18.0K shares

Exited Positions

Institution	Previous Position
Woodline Partners LP Hedge Fund•Long/Short	$50.2M 933.5K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$19.8M 368.3K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$19.7M 365.9K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$17.8M 330.3K shares
Kawa Capital Management, Inc Hedge Fund•Multi-Strategy	$8.1M 150.0K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$8.1M 150.0K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$7.0M 129.5K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$5.8M 107.1K shares
B BI Asset Management Fondsmaeglerselskab A/S Institution	$5.3M 99.3K shares
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	$5.2M 97.2K shares

Options Activity

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

Call Positions: 31
Call Value: $163.3M
Put Positions: 22
Put Value: $253.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$52.1M 9.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$22.6M 4.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$12.6M 2.4K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$12.5M 2.4K contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$9.2M 1.7K contracts
Walleye Trading LLC RIA/Wealth	$8.9M 1.7K contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$7.3M 1.4K contracts
J JANE STREET GROUP, LLC Institution	$5.5M 1.0K contracts
Caption Management, LLC Hedge Fund•Long/Short	$5.3M 1.0K contracts
W WOLVERINE TRADING, LLC Institution	$3.5M 637.0 contracts

Put Positions

Institution	Position Value
Pentwater Capital Management LP Hedge Fund•Event Driven	$110.7M 20.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$72.2M 13.6K contracts
J JANE STREET GROUP, LLC Institution	$16.5M 3.1K contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$9.4M 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$9.4M 1.8K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$6.6M 1.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$5.6M 1.1K contracts
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$4.5M 850.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$3.3M 629.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.0M 552.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D DME Capital Management, LP Hedge Fund•Long/Short	David Michael Einhorn President	5.83% $148.2M	4.89% 2.8M shares	Q1 2024 Held for 1y 8m	$2.5B
PSquared Asset Management AG Private Equity	-	4.17% $5.3M	0.17% 99.0K shares	Q3 2025 Held for 2 months	$126.0M
Cannon Global Investment Management, LLC Hedge Fund•Quant	Thomas Nmn Morphet CEO	3.65% $1.4M	0.05% 27.2K shares	Q3 2025 Held for 2 months	$39.5M
KESTREL INVESTMENT MANAGEMENT CORP Hedge Fund•Event Driven	David J. Steirman President	2.83% $5.0M	0.17% 94.5K shares	Q1 2021 Held for 4y 8m	$177.4M
MARINER INVESTMENT GROUP LLC Hedge Fund•Multi-Strategy	Curtis Yates Arledge CEO	2.81% $7.2M	0.24% 136.0K shares	Q3 2025 Held for 2 months	$256.8M
G GRACE & WHITE INC /NY RIA/Wealth	Marc Emil Ravitz President	2.14% $10.3M	0.34% 193.9K shares	Q3 2017 Held for 8y 2m	$481.2M
TIG Advisors, LLC Hedge Fund•Multi-Strategy	Kevin Patrick Moran President	1.77% $28.5M	0.94% 536.2K shares	Q1 2025 Held for 8 months	$1.6B
Pentwater Capital Management LP Hedge Fund•Event Driven	Matthew Charles Halbower CEO	1.15% $121.3M	4.00% 2.3M shares	Q2 2025 Held for 5 months	$10.6B
SPRINGBOK CAPITAL MANAGEMENT, LLC Fund of Funds	Gavin Saitowitz Managing Partner	1.14% $14.5M	0.48% 273.8K shares	Q4 2019 Held for 5y 11m	$1.3B
Pinnacle Holdings, LLC RIA/Wealth	David Monroe Poarch Managing Partner	1.01% $2.5M	0.08% 46.9K shares	Q3 2020 Held for 5y 2m	$246.2M

Hedge Fund Spotlight

Discover hedge funds investing in BHF

Clearline Capital LP

Hedge Fund • Event Driven

Portfolio ManagerMohit Bhasin

Portfolio Value: $1.2B
Positions: 109
Last Reported: Q3 2025

Sector Allocation

Position in Brighthouse Financial

Market Value: $955.4K
Shares Held: 18.0K
Portfolio Weight: 0.08%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Semtech SMTC	Semiconductors Technology	$49.9M	4.22%
2 NCR Voyix VYX	Information Technology Services Technology	$34.7M	2.94%
3 Micron Technology MU	Semiconductors Technology	$34.3M	2.90%