CNO Financial Group

CNO • NYSE

CNO Financial Group is a insurance - life company in the financial services sector on NYSE, led by Gary C. Bhojwani, with a market cap of $3.9B. As of Q3 2025, 92% of shares are held by 331 institutional investors, with BlackRock, Inc. as the largest holder at 13.45%.

Chief Executive OfficerGary C. Bhojwani

Market Cap$3.9B

Insurance - Life

Financial Services

Employees3.5K

Websitecnoinc.com

Country

United States of America

Overview

Overview of institutional ownership in CNO as of Q3 2025 with a market cap of $3.8B

All Institutions

Institutions: 331
Value Held: $3.5B
Shares Held: 88.7M
Avg Position: $10.6M
Median Position: $702.7K

Hedge Funds

Hedge Funds: 32
Value Held: $184.2M
Shares Held: 4.7M
Avg Position: $5.8M
Median Position: $2.8M

Ownership Breakdown

Institutional (non-HF)

86.71%

$3.3B

Hedge Funds

4.8%

$184.2M

Retail & Other

8.49%

$325.4M

Based on market cap of $3.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CNO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$515.5M 0.01% of portfolio	13.45% 13.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$477.5M 0.01% of portfolio	12.46% 12.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$170.2M 0.04% of portfolio	4.44% 4.3M shares	Q4 2019 Held for 5y 11m	$395.36B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$168.6M 0.57% of portfolio	4.40% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$29.4B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$167.7M 0.01% of portfolio	4.37% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$136.3M 0.03% of portfolio	3.56% 3.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
A AMERICAN CENTURY COMPANIES INC Institution	-	$128.1M 0.07% of portfolio	3.34% 3.2M shares	Q4 2019 Held for 5y 11m	$195.93B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$124.6M 0.28% of portfolio	3.25% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$45.1B
PZENA INVESTMENT MANAGEMENT LLC Long Only Manager	Chenyu Caroline Cai CEO	$100.5M 0.32% of portfolio	2.62% 2.5M shares	Q1 2019 Held for 6y 8m	$30.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$97.4M 0.01% of portfolio	2.54% 2.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for CNO in Q3 2025

Traded: −$90.4M
Buyers: 143
Sellers: 168
Total Bought: +$150.6M
Total Sold: −$241.0M
Avg Position: $9.6M

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$15.0M +380.0K shares	$22.9M 579.7K shares
C Capitolis Liquid Global Markets LLC Private Equity	+$13.8M +348.3K shares	$17.4M 438.8K shares
R Retirement Systems of Alabama Institution	+$11.9M +299.8K shares	$11.9M 299.8K shares
MORGAN STANLEY RIA/Wealth	+$8.8M +223.5K shares	$61.4M 1.6M shares
D D. E. Shaw & Co., Inc. Institution	+$8.5M +213.7K shares	$9.5M 241.1K shares
Lighthouse Investment Partners, LLC Fund of Funds	+$8.0M +202.7K shares	$8.0M 202.7K shares
GOLDMAN SACHS GROUP INC Institution	+$7.3M +184.0K shares	$43.3M 1.1M shares
M Man Group plc Institution	+$5.1M +128.0K shares	$18.1M 458.3K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$4.9M +123.9K shares	$8.7M 220.0K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$4.7M +118.4K shares	$128.1M 3.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$20.8M −524.8K shares	$9.5M 240.1K shares
FIRST TRUST ADVISORS LP ETF Provider	−$18.6M −469.0K shares	$20.4M 514.7K shares
Invesco Ltd. ETF Provider	−$16.5M −416.9K shares	$18.9M 478.9K shares
A Allianz Asset Management AG Institution	−$16.0M −404.9K shares	$45.2M 1.1M shares
L LSV ASSET MANAGEMENT Long Only Manager	−$14.0M −353.2K shares	$124.6M 3.1M shares
VANGUARD GROUP INC Institution	−$12.5M −314.9K shares	$477.5M 12.1M shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$10.9M −276.0K shares	$54.5M 1.4M shares
STATE STREET CORP Institution	−$10.2M −258.9K shares	$167.7M 4.2M shares
B BlackRock, Inc. Institution	−$9.4M −238.7K shares	$515.5M 13.0M shares
M MACQUARIE GROUP LTD Institution	−$8.7M −221.1K shares	$93.6M 2.4M shares

Entry and Exit Activity

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

New Positions: 16
New Value: $4.2M
Exited Positions: 33
Exited Value: $22.5M

New Positions

Institution	Position Value
N Nearwater Capital Markets, Ltd Institution	$2.3M 59.3K shares
D DRW Securities, LLC Institution	$520.0K 12.8K shares
Voleon Capital Management LP Hedge Fund•Quant	$509.7K 12.9K shares
V Vise Technologies, Inc. Institution	$329.1K 8.3K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$243.8K 6.2K shares
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	$216.0K 5.5K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$32.3K 817.0 shares
Sontag Advisory, LLC RIA/Wealth	$21.9K 553.0 shares
R Root Financial Partners, LLC RIA/Wealth	$8.8K 222.0 shares
Sachetta, LLC RIA/Wealth	$2.3K 58.0 shares

Exited Positions

Institution	Previous Position
Interval Partners, LLC Hedge Fund•Long/Short	$3.7M 96.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.0M 79.0K shares
Kingsview Wealth Management, LLC RIA/Wealth	$2.6M 66.9K shares
Trexquant Investment LP Hedge Fund•Quant	$1.8M 47.7K shares
X XTX Topco Ltd Institution	$1.8M 45.6K shares
Horizon Investments, LLC/SC Long Only Manager	$1.7M 43.8K shares
Dorsey Wright & Associates ETF Provider	$1.3M 34.8K shares
Harvest Investment Services, LLC RIA/Wealth	$785.3K 20.4K shares
ARP AMERICAS LLC Hedge Fund•Multi-Strategy	$613.1K 15.9K shares
DENALI ADVISORS LLC Long Only Manager	$579.0K 15.0K shares

Options Activity

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

Call Positions: 1
Call Value: $431.1K
Put Positions: 1
Put Value: $1.0M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$431.1K 109.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.0M 260.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
KESTREL INVESTMENT MANAGEMENT CORP Hedge Fund•Event Driven	David J. Steirman President	3.56% $6.3M	0.16% 159.7K shares	Q1 2020 Held for 5y 8m	$177.4M
Paradice Investment Management LLC Long Only Manager	Kevin Paul Beck President	2.42% $10.8M	0.28% 273.3K shares	Q4 2013 Held for 11y 11m	$445.9M
Huber Capital Management LLC Long Only Manager	Joseph Robert Huber CEO	1.38% $8.7M	0.23% 219.0K shares	≤ Q2 2013 Held for 12y 5m+	$628.8M
Levin Easterly Partners LLC Long Only Manager	Darrell William Crate Chairman	1.16% $17.1M	0.45% 432.0K shares	Q3 2021 Held for 4y 2m	$1.5B
Kiker Wealth Management, LLC RIA/Wealth	Lawrence Howard Levy Managing Partner	0.89% $1.8M	0.05% 44.6K shares	Q4 2024 Held for 11 months	$198.0M
Bragg Financial Advisors, Inc RIA/Wealth	Benton Sellers Bragg CEO	0.85% $25.4M	0.66% 642.2K shares	Q1 2017 Held for 8y 8m	$3.0B
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	Gil Maor Managing Partner	0.57% $470.0K	0.01% 11.9K shares	Q4 2024 Held for 11 months	$81.9M
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	0.57% $168.6M	4.40% 4.3M shares	≤ Q2 2013 Held for 12y 5m+	$29.4B
R RBF Capital, LLC Institution	-	0.34% $7.3M	0.19% 185.0K shares	≤ Q2 2013 Held for 12y 5m+	$2.2B
PZENA INVESTMENT MANAGEMENT LLC Long Only Manager	Chenyu Caroline Cai CEO	0.32% $100.5M	2.62% 2.5M shares	Q1 2019 Held for 6y 8m	$30.9B

Hedge Fund Spotlight

Discover hedge funds investing in CNO

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in CNO Financial Group

Market Value: $35.5M
Shares Held: 898.2K
Portfolio Weight: 0.02%
Owned Since: 2013-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%