Fidelity National Financial

FNF • NYSE

Fidelity National Financial is a insurance - specialty company in the financial services sector on NYSE, led by Randy Quirk, with a market cap of $15.6B. As of Q3 2025, 80% of shares are held by 715 institutional investors, with BlackRock, Inc. as the largest holder at 13.63%.

Executive Vice-ChairmanRandy Quirk

Market Cap$15.6B

Insurance - Specialty

Financial Services

Employees20.5K

Websitefnf.com

Country

United States of America

Overview

Overview of institutional ownership in FNF as of Q3 2025 with a market cap of $16.4B

All Institutions

Institutions: 715
Value Held: $13.1B
Shares Held: 216.8M
Avg Position: $18.3M
Median Position: $769.1K

Hedge Funds

Hedge Funds: 46
Value Held: $832.6M
Shares Held: 13.8M
Avg Position: $18.1M
Median Position: $2.1M

Ownership Breakdown

Institutional (non-HF)

74.68%

$12.3B

Hedge Funds

5.07%

$832.6M

Retail & Other

20.26%

$3.3B

Based on market cap of $16.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FNF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$2.2B 0.04% of portfolio	13.63% 37.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.7B 0.02% of portfolio	10.08% 27.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
W WINDACRE PARTNERSHIP LLC Institution	-	$1.1B 13.02% of portfolio	6.96% 18.9M shares	Q3 2022 Held for 3y 2m	$8.8B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$572.8M 0.02% of portfolio	3.48% 9.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$554.1M 0.09% of portfolio	3.37% 9.2M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$474.8M 0.30% of portfolio	2.89% 7.8M shares	Q4 2014 Held for 10y 11m	$158.22B
F First Eagle Investment Management, LLC Long Only Manager	Mehdi Asif Mahmud CEO	$365.8M 0.67% of portfolio	2.23% 6.0M shares	Q4 2022 Held for 2y 11m	$54.9B
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	$318.1M 3.28% of portfolio	1.94% 5.3M shares	Q2 2014 Held for 11y 5m	$9.7B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$304.5M 0.19% of portfolio	1.86% 5.1M shares	≤ Q2 2013 Held for 12y 5m+	$156.17B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$286.8M 0.09% of portfolio	1.74% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$317.45B

Net Capital Flow

Institutional buying and selling activity for FNF in Q3 2025

Traded: +$113.1M
Buyers: 321
Sellers: 331
Total Bought: +$1.0B
Total Sold: −$933.9M
Avg Position: $16.7M

Biggest Buyers

Institution	Net Bought	Current Position
W WINDACRE PARTNERSHIP LLC Institution	+$270.9M +4.5M shares	$1.1B 18.9M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$179.7M +3.0M shares	$286.8M 4.7M shares
FMR LLC Institution	+$151.9M +2.5M shares	$161.3M 2.7M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$130.9M +2.2M shares	$304.5M 5.1M shares
COOKE & BIELER LP Long Only Manager	+$34.7M +574.2K shares	$318.1M 5.3M shares
Susquehanna Portfolio Strategies, LLC Private Equity	+$19.3M +318.6K shares	$19.8M 327.9K shares
J JANE STREET GROUP, LLC Institution	+$16.8M +277.7K shares	$16.8M 277.7K shares
CITIGROUP INC Institution	+$15.0M +248.0K shares	$29.8M 492.5K shares
Mirae Asset Global Investments Co., Ltd. Long Only Manager	+$14.6M +241.0K shares	$14.6M 241.0K shares
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	+$12.6M +208.8K shares	$12.6M 208.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
FIRST TRUST ADVISORS LP ETF Provider	−$140.7M −2.3M shares	$63.7M 1.1M shares
B BlackRock, Inc. Institution	−$80.6M −1.3M shares	$2.2B 37.0M shares
UBS Group AG Institution	−$67.5M −1.1M shares	$92.4M 1.5M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$64.2M −1.1M shares	$474.8M 7.8M shares
Q Qube Research & Technologies Ltd Institution	−$40.5M −669.4K shares	$6.2M 103.1K shares
S Spears Abacus Advisors LLC Long Only Manager	−$33.1M −546.6K shares	$19.3M 318.3K shares
A AustralianSuper Pty Ltd Institution	−$32.4M −536.4K shares	$17.3M 285.3K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$26.6M −439.5K shares	$102.5M 1.7M shares
M MACQUARIE GROUP LTD Institution	−$23.3M −385.0K shares	$6.5M 108.2K shares
H HSBC HOLDINGS PLC Institution	−$22.6M −374.5K shares	$53.6M 886.7K shares

Entry and Exit Activity

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

New Positions: 37
New Value: $12.2M
Exited Positions: 71
Exited Value: $107.9M

New Positions

Institution	Position Value
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	$3.6M 60.0K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$819.6K 13.6K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$783.4K 13.0K shares
Krilogy Financial LLC RIA/Wealth	$614.5K 11.1K shares
N NorthCrest Asset Manangement, LLC Long Only Manager	$595.6K 10.5K shares
Perigon Wealth Management, LLC RIA/Wealth	$435.6K 7.2K shares
Caerus Investment Advisors, LLC Venture Capital	$425.1K 7.0K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$414.7K 6.9K shares
Board of the Pension Protection Fund RIA/Wealth	$393.2K 6.5K shares
Sivia Capital Partners, LLC RIA/Wealth	$331.5K 5.5K shares

Exited Positions

Institution	Previous Position
Oribel Capital Management, LP Hedge Fund•Long/Short	$14.4M 176.4K shares
A Andra AP-fonden Institution	$12.1M 215.1K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$9.4M 168.0K shares
P Parkwood LLC Institution	$7.9M 141.1K shares
Horizon Investments, LLC/SC Long Only Manager	$7.8M 139.4K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$6.7M 120.1K shares
Trexquant Investment LP Hedge Fund•Quant	$5.8M 104.0K shares
F Fisher Funds Management LTD Institution	$4.9M 87.8K shares
Y Y-Intercept Ltd Institution	$3.7M 65.7K shares
P PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	$3.2M 56.5K shares

Options Activity

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

Call Positions: 7
Call Value: $12.2M
Put Positions: 4
Put Value: $2.3M

Call Positions

Institution	Position Value
LEUCADIA NATIONAL CORP Institution	$5.3M 870.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$3.1M 509.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.7M 283.0 contracts
J JANE STREET GROUP, LLC Institution	$786.4K 130.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$683.5K 113.0 contracts
W WOLVERINE TRADING, LLC Institution	$454.6K 76.0 contracts
Walleye Trading LLC RIA/Wealth	$175.4K 29.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 188.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 180.0 contracts
Walleye Trading LLC RIA/Wealth	$42.3K 7.0 contracts
Oribel Capital Management, LP Hedge Fund•Long/Short	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
JCP Investment Management, LLC Hedge Fund•Event Driven	James Christopher Pappas Managing Partner	13.73% $20.9M	0.13% 346.3K shares	Q1 2025 Held for 8 months	$152.6M
W WINDACRE PARTNERSHIP LLC Institution	-	13.02% $1.1B	6.96% 18.9M shares	Q3 2022 Held for 3y 2m	$8.8B
B Brave Warrior Advisors, LLC Hedge Fund•Long/Short	Donna M. Martel-Downing CCO	4.70% $211.1M	1.28% 3.5M shares	Q2 2021 Held for 4y 5m	$4.5B
HAHN CAPITAL MANAGEMENT LLC Long Only Manager	John David Schaeffer President	3.34% $7.0M	0.04% 115.2K shares	Q3 2016 Held for 9y 2m	$208.7M
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	3.28% $318.1M	1.94% 5.3M shares	Q2 2014 Held for 11y 5m	$9.7B
E Eastover Investment Advisors LLC Institution	-	3.17% $7.3M	0.04% 120.5K shares	Q3 2021 Held for 4y 2m	$230.0M
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	Jordan Neil Hymowitz Managing Partner	2.51% $12.6M	0.08% 208.8K shares	Q3 2025 Held for 2 months	$503.5M
Philo Smith Capital Corp Hedge Fund•Sector	James Earl Inglis President	2.25% $8.1M	0.05% 133.5K shares	Q3 2021 Held for 4y 2m	$358.4M
H Hudson Value Partners, LLC RIA/Wealth	Paul William Davis Managing Partner	1.98% $6.3M	0.04% 104.3K shares	Q4 2020 Held for 4y 11m	$318.6M
Nixon Capital, LLC Hedge Fund•Long/Short	Joseph Ray Nixon Chairman	1.92% $6.3M	0.04% 104.2K shares	Q4 2020 Held for 4y 11m	$328.7M

Hedge Fund Spotlight

Discover hedge funds investing in FNF

Quent Capital, LLC

Hedge Fund • Long/Short

Portfolio ManagerWilliam Albert Jollie

Portfolio Value: $1.2B
Positions: 1,433
Last Reported: Q3 2025

Sector Allocation

Position in Fidelity National Financial

Market Value: $25.8K
Shares Held: 426.0
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

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