Comerica

CMA • NYSE

Comerica is a banks - regional company in the financial services sector on NYSE, led by Curtis C. Farmer, with a market cap of $10.8B. As of Q3 2025, 87% of shares are held by 524 institutional investors, with BlackRock, Inc. as the largest holder at 11.75%.

Chief Executive OfficerCurtis C. Farmer

Market Cap$10.8B

Banks - Regional

Financial Services

Employees7.9K

Websitecomerica.com

Country

United States of America

Overview

Overview of institutional ownership in CMA as of Q3 2025 with a market cap of $8.8B

All Institutions

Institutions: 524
Value Held: $7.6B
Shares Held: 111.2M
Avg Position: $14.6M
Median Position: $564.3K

Hedge Funds

Hedge Funds: 45
Value Held: $1.3B
Shares Held: 19.5M
Avg Position: $29.7M
Median Position: $5.0M

Ownership Breakdown

Institutional (non-HF)

71.47%

$6.3B

Hedge Funds

15.16%

$1.3B

Retail & Other

13.36%

$1.2B

Based on market cap of $8.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CMA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$1.0B 0.02% of portfolio	11.75% 15.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$874.7M 0.01% of portfolio	9.93% 12.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$499.6M 0.09% of portfolio	5.67% 7.3M shares	≤ Q2 2013 Held for 12y 5m+	$556.34B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$403.2M 0.09% of portfolio	4.58% 5.9M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$320.5M 0.05% of portfolio	3.64% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$308.5M 0.01% of portfolio	3.47% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$273.2M 0.01% of portfolio	3.10% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
N North Reef Capital Management LP Hedge Fund•Long/Short	Daniel Mariano Locasto COO	$244.6M 11.44% of portfolio	2.78% 3.6M shares	Q4 2021 Held for 3y 11m	$2.1B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$212.9M 0.17% of portfolio	2.42% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$121.98B
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dmitry Balyasny CIO	$211.9M 0.44% of portfolio	2.41% 3.1M shares	Q2 2014 Held for 11y 5m	$48.1B

Net Capital Flow

Institutional buying and selling activity for CMA in Q3 2025

Net Flow: −$249.7M
Buyers: 167
Sellers: 264
Total Bought: +$671.2M
Total Sold: −$920.9M
Avg Position: $13.8M

Biggest Buyers

Institution	Net Bought	Current Position
Bank of New York Mellon Corp Institution	+$411.4M +6.0M shares	$499.6M 7.3M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$56.1M +819.0K shares	$211.9M 3.1M shares
Invesco Ltd. ETF Provider	+$40.5M +591.3K shares	$134.0M 2.0M shares
FMR LLC Institution	+$18.0M +262.3K shares	$273.2M 4.0M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$16.4M +240.0K shares	$23.6M 344.0K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	+$14.1M +205.9K shares	$25.5M 371.8K shares
A Assenagon Asset Management S.A. Institution	+$12.0M +175.8K shares	$34.9M 508.7K shares
JPMORGAN CHASE & CO Institution	+$11.7M +171.3K shares	$94.7M 1.4M shares
C CANADA PENSION PLAN INVESTMENT BOARD Institution	+$9.9M +144.2K shares	$9.9M 144.2K shares
Caption Management, LLC Hedge Fund•Long/Short	+$9.7M +141.4K shares	$9.8M 142.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	−$127.8M −2.1M shares	Sold Off 0 shares
Azora Capital LP Hedge Fund•Long/Short	−$76.3M −1.1M shares	$65.2M 950.9K shares
M MACQUARIE GROUP LTD Institution	−$70.9M −1.0M shares	$1.9M 27.9K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$56.4M −823.6K shares	$212.9M 3.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$51.0M −854.4K shares	Sold Off 0 shares
N North Reef Capital Management LP Hedge Fund•Long/Short	−$41.5M −605.0K shares	$244.6M 3.6M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$39.7M −665.8K shares	Sold Off 0 shares
VANGUARD GROUP INC Institution	−$28.5M −416.2K shares	$874.7M 12.8M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	−$23.7M −346.5K shares	$12.3M 179.3K shares
MORGAN STANLEY RIA/Wealth	−$22.6M −329.4K shares	$142.2M 2.1M shares

Entry and Exit Activity

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

New Positions: 26
New Value: $171.1M
Exited Positions: 64
Exited Value: $313.4M

New Positions

Institution	Position Value
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	$156.9M 2.3M shares
C Capitolis Liquid Global Markets LLC Private Equity	$8.9M 130.0K shares
Western Standard, LLC Hedge Fund•Long/Short	$2.0M 29.5K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$635.5K 9.3K shares
P PFG Investments, LLC Institution	$431.9K 6.3K shares
H Holistic Planning, LLC Institution	$347.9K 5.1K shares
JUNCTURE WEALTH STRATEGIES, LLC RIA/Wealth	$321.0K 4.7K shares
NORRIS PERNE & FRENCH LLP/MI RIA/Wealth	$282.0K 4.1K shares
Merit Financial Group, LLC RIA/Wealth	$229.4K 3.3K shares
Aristotle Capital Management, LLC Long Only Manager	$228.9K 3.3K shares

Exited Positions

Institution	Previous Position
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	$127.8M 2.1M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$51.0M 854.4K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$39.7M 665.8K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$14.0M 234.5K shares
Q Qube Research & Technologies Ltd Institution	$12.5M 209.2K shares
A Algebris Ltd Institution	$7.5M 125.2K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$6.4M 107.2K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$5.9M 99.0K shares
Engineers Gate Manager LP Hedge Fund•Quant	$4.7M 78.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.3M 72.8K shares

Options Activity

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

Call Positions: 24
Call Value: $824.0M
Put Positions: 18
Put Value: $96.4M

Call Positions

Institution	Position Value
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$421.4M 61.5K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$180.5M 263.5 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$66.3M 9.7K contracts
Caption Management, LLC Hedge Fund•Long/Short	$62.7M 9.1K contracts
J JANE STREET GROUP, LLC Institution	$27.0M 3.9K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$18.1M 2.6K contracts
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$10.3M 1.5K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$7.5M 1.1K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$6.0M 879.0 contracts
W WOLVERINE TRADING, LLC Institution	$6.0M 872.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$40.4M 5.9K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$12.5M 18.2 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$9.6M 1.4K contracts
J JANE STREET GROUP, LLC Institution	$9.1M 1.3K contracts
Walleye Trading LLC RIA/Wealth	$5.6M 816.0 contracts
D D. E. Shaw & Co., Inc. Institution	$3.4M 500.0 contracts
P PEAK6 LLC Institution	$3.2M 474.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.8M 407.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.6M 384.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.3M 336.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Michael Alex Zaitzeff Managing Partner	16.56% $156.9M	1.78% 2.3M shares	Q3 2025 Held for 2 months	$947.6M
N North Reef Capital Management LP Hedge Fund•Long/Short	Daniel Mariano Locasto COO	11.44% $244.6M	2.78% 3.6M shares	Q4 2021 Held for 3y 11m	$2.1B
Siena Capital Management, LLC Hedge Fund•Sector	Daniel Kanter President	3.25% $5.4M	0.06% 79.1K shares	Q4 2016 Held for 8y 11m	$167.0M
R rhino investment partners, Inc Hedge Fund•Value	John Keith Schneider President	3.23% $10.0M	0.11% 145.7K shares	Q4 2020 Held for 4y 11m	$309.3M
Azora Capital LP Hedge Fund•Long/Short	Richard Anthony Reyes CFO	3.02% $65.2M	0.74% 950.9K shares	Q4 2023 Held for 1y 11m	$2.2B
S Stieven Capital Advisors, L.P. Hedge Fund•Long/Short	Joseph Albert Stieven CEO	2.25% $11.9M	0.14% 174.4K shares	Q3 2024 Held for 1y 2m	$530.5M
P Petiole USA ltd Institution	-	2.13% $3.1M	0.04% 45.1K shares	Q4 2022 Held for 2y 11m	$144.8M
THIRD AVENUE MANAGEMENT LLC Long Only Manager	Michael Anthony Buono CFO	2.03% $10.8M	0.12% 156.3K shares	≤ Q2 2013 Held for 12y 5m+	$532.7M
L LHM, INC. Institution	-	1.77% $5.3M	0.06% 77.1K shares	Q1 2024 Held for 1y 8m	$302.3M
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	Christopher David Wallis CEO	1.29% $141.4M	1.61% 2.1M shares	Q3 2023 Held for 2y 2m	$11.0B

Hedge Fund Spotlight

Discover hedge funds investing in CMA

North Reef Capital Management LP

Hedge Fund • Long/Short

Portfolio ManagerDaniel Mariano Locasto

Portfolio Value: $2.1B
Positions: 43
Last Reported: Q3 2025

Sector Allocation

Position in Comerica

Market Value: $244.6M
Shares Held: 3.6M
Portfolio Weight: 11.44%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 First Horizon FHN	Banks - Regional Financial Services	$279.7M	13.08%
2 Cadence Bank CADE	Banks - Regional Financial Services	$264.8M	12.39%
3 Comerica CMA	Banks - Regional Financial Services	$244.6M	11.44%