CNA Financial

CNA • NYSE

CNA Financial is a insurance - property & casualty company in the financial services sector on NYSE, with a market cap of $12.6B. As of Q3 2025, 100% of shares are held by 288 institutional investors, with LOEWS CORP as the largest holder at 91.78%.

Market Cap$12.6B

Insurance - Property & Casualty

Financial Services

Employees6.3K

Websitecna.com

Country

United States of America

Overview

Overview of institutional ownership in CNA as of Q3 2025 with a market cap of $12.6B

All Institutions

Institutions: 288
Value Held: $12.6B
Shares Held: 270.6M
Avg Position: $43.6M
Median Position: $466.0K

Hedge Funds

Hedge Funds: 41
Value Held: $327.7M
Shares Held: 7.1M
Avg Position: $8.0M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

97.35%

$12.2B

Hedge Funds

2.61%

$327.7M

Retail & Other

0.044%

$5.5M

Based on market cap of $12.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CNA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
LOEWS CORP Institution	Benjamin J. Tisch CEO	$11.5B 95.89% of portfolio	91.78% 248.4M shares	≤ Q2 2013 Held for 12y 5m+	$12.0B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$112.1M 0.07% of portfolio	0.90% 2.4M shares	Q2 2014 Held for 11y 5m	$156.17B
B BlackRock, Inc. Institution	-	$72.2M 0.00% of portfolio	0.57% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$55.6M 0.01% of portfolio	0.44% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$556.34B
FIRST TRUST ADVISORS LP ETF Provider	James Allen Bowen CEO	$55.0M 0.04% of portfolio	0.44% 1.2M shares	Q1 2024 Held for 1y 8m	$134.11B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$41.3M 0.01% of portfolio	0.33% 888.6K shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
River Road Asset Management, LLC Long Only Manager	Richard Andrew Beck CEO	$40.1M 0.45% of portfolio	0.32% 863.8K shares	Q1 2015 Held for 10y 8m	$8.9B
CORDA Investment Management, LLC. RIA/Wealth	Bonner Castles Barnes Managing Partner	$32.6M 2.29% of portfolio	0.26% 701.9K shares	Q3 2016 Held for 9y 2m	$1.4B
UBS Group AG Institution	Sergio P. Ermotti CEO	$32.0M 0.01% of portfolio	0.25% 689.5K shares	Q4 2014 Held for 10y 11m	$511.54B
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	Bruce Ira Jacobs President	$30.5M 0.12% of portfolio	0.24% 656.1K shares	Q1 2025 Held for 8 months	$25.2B

Net Capital Flow

Institutional buying and selling activity for CNA in Q3 2025

Traded: +$77.2M
Buyers: 169
Sellers: 114
Total Bought: +$235.8M
Total Sold: −$158.7M
Avg Position: $38.9M

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$22.6M +486.1K shares	$28.1M 605.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$18.7M +401.7K shares	$23.2M 498.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$16.0M +345.3K shares	$19.8M 425.8K shares
J JANE STREET GROUP, LLC Institution	+$15.3M +329.9K shares	$15.3M 329.9K shares
UBS Group AG Institution	+$13.3M +285.9K shares	$32.0M 689.5K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$12.5M +268.9K shares	$30.5M 656.1K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$11.4M +245.5K shares	$12.8M 276.3K shares
C Cubist Systematic Strategies, LLC Institution	+$10.2M +219.8K shares	$10.2M 219.8K shares
D D. E. Shaw & Co., Inc. Institution	+$8.2M +176.2K shares	$8.4M 181.0K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	+$8.0M +172.4K shares	$9.7M 208.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
L LSV ASSET MANAGEMENT Long Only Manager	−$27.7M −596.3K shares	$12.7M 274.1K shares
NORTHERN TRUST CORP Institution	−$22.9M −492.3K shares	$9.5M 204.1K shares
RHUMBLINE ADVISERS Long Only Manager	−$18.9M −407.3K shares	$4.1M 88.5K shares
Bank of New York Mellon Corp Institution	−$14.1M −303.5K shares	$55.6M 1.2M shares
ALTRINSIC GLOBAL ADVISORS LLC Long Only Manager	−$7.7M −165.0K shares	$5.3M 115.0K shares
C Cyndeo Wealth Partners, LLC RIA/Wealth	−$7.3M −155.9K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$6.8M −145.5K shares	$72.2M 1.6M shares
H HSBC HOLDINGS PLC Institution	−$6.3M −137.3K shares	$5.7M 122.9K shares
MORGAN STANLEY RIA/Wealth	−$4.8M −102.7K shares	$19.1M 410.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$3.6M −76.5K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 21
New Value: $3.1M
Exited Positions: 33
Exited Value: $24.5M

New Positions

Institution	Position Value
D DRW Securities, LLC Institution	$549.9K 11.7K shares
T TWO SIGMA SECURITIES, LLC Institution	$425.7K 9.2K shares
L LECAP ASSET MANAGEMENT LTD Institution	$338.5K 7.3K shares
S SHERBROOKE PARK ADVISERS LLC Hedge Fund•Quant	$291.7K 6.3K shares
V Vise Technologies, Inc. Institution	$238.3K 5.1K shares
Aaron Wealth Advisors LLC RIA/Wealth	$230.2K 5.0K shares
M MQS Management LLC Hedge Fund•Global Macro	$220.9K 4.8K shares
I Inscription Capital, LLC RIA/Wealth	$218.3K 4.7K shares
SYON CAPITAL LLC RIA/Wealth	$206.3K 4.4K shares
Motley Fool Asset Management LLC Institution	$204.7K 4.4K shares

Exited Positions

Institution	Previous Position
C Cyndeo Wealth Partners, LLC RIA/Wealth	$7.3M 155.9K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$3.6M 76.5K shares
Lighthouse Investment Partners, LLC Fund of Funds	$2.1M 45.6K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$1.6M 35.4K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$1.2M 24.8K shares
NINE MASTS CAPITAL Ltd Institution	$1.2M 24.8K shares
GREENWOOD CAPITAL ASSOCIATES LLC RIA/Wealth	$957.3K 20.6K shares
B Blue Capital, Inc. RIA/Wealth	$930.6K 20.0K shares
M MACQUARIE GROUP LTD Institution	$925.9K 19.9K shares
ROYAL LONDON ASSET MANAGEMENT LTD Digital Asset Manager	$785.4K 16.9K shares

Options Activity

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

Call Positions: 4
Call Value: $25.5M
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$21.1M 4.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.4M 513.0 contracts
J JANE STREET GROUP, LLC Institution	$1.2M 256.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$794.5K 171.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
LOEWS CORP Institution	Benjamin J. Tisch CEO	95.89% $11.5B	91.78% 248.4M shares	≤ Q2 2013 Held for 12y 5m+	$12.0B
P Patrick Mauro Investment Advisor, INC. RIA/Wealth	Patrick John Mauro CEO	3.97% $7.5M	0.06% 160.9K shares	Q3 2022 Held for 3y 2m	$188.2M
TORRAY LLC Long Only Manager	Shawn Michael Hendon President	3.34% $23.4M	0.19% 502.6K shares	Q3 2024 Held for 1y 2m	$699.5M
CORDA Investment Management, LLC. RIA/Wealth	Bonner Castles Barnes Managing Partner	2.29% $32.6M	0.26% 701.9K shares	Q3 2016 Held for 9y 2m	$1.4B
H Hudson Portfolio Management LLC RIA/Wealth	Byron Schoendorf Stinson Managing Partner	1.63% $1.8M	0.01% 39.7K shares	Q3 2024 Held for 1y 2m	$112.9M
Board of the Pension Protection Fund RIA/Wealth	Michael John Martinez Managing Partner	1.23% $1.3M	0.01% 27.0K shares	Q2 2025 Held for 5 months	$102.1M
M Mork Capital Management Institution	-	0.75% $1.1M	0.01% 23.5K shares	Q4 2022 Held for 2y 11m	$145.1M
River Road Asset Management, LLC Long Only Manager	Richard Andrew Beck CEO	0.45% $40.1M	0.32% 863.8K shares	Q1 2015 Held for 10y 8m	$8.9B
I INCEPTIONR LLC Hedge Fund•Quant	Li Nmn Lu Managing Partner	0.37% $1.5M	0.01% 32.6K shares	Q2 2025 Held for 5 months	$414.3M
R Rodgers Brothers Inc. RIA/Wealth	Mark Carey Rodgers CEO	0.33% $2.7M	0.02% 58.0K shares	Q1 2025 Held for 8 months	$810.6M

Hedge Fund Spotlight

Discover hedge funds investing in CNA

TWINBEECH CAPITAL LP

Hedge Fund • Quant

Portfolio ManagerJinghua (Nmn) Yan

Portfolio Value: $2.5B
Positions: 536
Last Reported: Q3 2025

Sector Allocation

Position in CNA Financial

Market Value: $2.2M
Shares Held: 48.0K
Portfolio Weight: 0.09%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Kenvue KVUE	Household & Personal Products Consumer Defensive	$31.9M	1.26%
2 Roper Technologies, Inc. ROP	Industrial - Machinery Industrials	$30.0M	1.18%
3 Boston Scientific BSX	Medical - Devices Healthcare	$29.8M	1.18%