CNA Financial Corp: which funds bought and sold

Institutions that bought and sold CNA Financial shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 157 institutions that filed 13F reports for both quarters added to or opened positions in CNA Financial, and 138 cut or closed them. Together they added a net 2.0M shares, +0.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 946K shares (+11.4%); index fund managers were net sellers of 143K shares (−3.5%). 48 opened a new position and 34 sold out entirely.

Bought, Q2 2026 157 institutions, 48 of them new holders Sold, Q2 2026 138 institutions, 34 of them sold out

Net change, all compared +2.0M shares (+0.8%)

Net change, active managers +946K shares (+11.4%), 25 bought, 18 sold

Buyers versus sellers

institutions compared, 337

157 bought 42 138 sold

Active managers and hedge funds 25 bought · 18 sold · +946K

Index fund managers 4 bought · 6 sold · −143K

Other institutions 128 bought · 114 sold · +1.2M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Morgan Stanley	+530K +118.9%	976K	$47.4M
Millennium Management LLC Hedge fund	+461K +1164.2%	501K	$24.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+320K +125.1%	576K	$28M
Wealth Enhancement Advisory Services, LLC	+239K +1459.9%	255K	$12.7M
Exoduspoint Capital Management, LP Hedge fund	+221K New position	221K	$10.8M
Jpmorgan Chase & Co	+197K +301.5%	262K	$12.8M
Quantinno Capital Management LP	+182K +26.6%	867K	$42.2M
HRT Financial LP	+168K +243.6%	237K	$11.5M
Barclays PLC	+167K +134.0%	292K	$14.2M
LSV Asset Management Active manager	+162K +61.1%	427K	$20.8M
Jump Financial, LLC	+147K +332.8%	191K	$9.3M
HSBC Holdings PLC	+143K +1190.4%	155K	$7.6M
Private Advisory Group LLC	+121K +294.8%	162K	$7.9M
Point72 Asset Management, L.P. Hedge fund	+116K +460.9%	141K	$6.9M
Citadel Advisors LLC Hedge fund	+110K +76.7%	253K	$12.3M
Deutsche Bank Ag\	+98K +2013.3%	103K	$5M
D. E. Shaw & Co., Inc. Hedge fund	+90K +130.5%	160K	$7.8M
BNP Paribas Financial Markets	+79K +122.4%	143K	$7M
Ilex Capital Partners (UK) LLP	+77K New position	77K	$3.8M
UBS Group AG	+77K +24.5%	390K	$19M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	+461K +1164.2%	501K	$24.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+320K +125.1%	576K	$28M
Exoduspoint Capital Management, LP Hedge fund	+221K New position	221K	$10.8M
LSV Asset Management Active manager	+162K +61.1%	427K	$20.8M
Point72 Asset Management, L.P. Hedge fund	+116K +460.9%	141K	$6.9M
Citadel Advisors LLC Hedge fund	+110K +76.7%	253K	$12.3M
D. E. Shaw & Co., Inc. Hedge fund	+90K +130.5%	160K	$7.8M
Squarepoint Ops LLC Hedge fund	+56K +24.8%	280K	$13.6M
Trexquant Investment LP Hedge fund	+55K +308.6%	73K	$3.6M
Quantbot Technologies LP Hedge fund	+34K +810.6%	39K	$1.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
First Trust Advisors LP	−1.1M −50.3%	1.0M	$50.8M
AQR Capital Management LLC Hedge fund	−212K −7.0%	2.8M	$137M
Bridgewater Associates, LP Hedge fund	−146K Sold out	0	—
Gotham Asset Management, LLC Hedge fund	−139K −22.5%	480K	$23.3M
Lighthouse Investment Partners, LLC Hedge fund	−138K Sold out	0	—
Blackrock, Inc. Index funds	−133K −7.5%	1.6M	$80.2M
Creative Planning	−125K −56.7%	95K	$4.6M
Vest Financial, LLC	−76K Sold out	0	—
Goldman Sachs Group Inc	−73K −16.3%	377K	$18.3M
Two Sigma Investments, LP Hedge fund	−70K −8.0%	812K	$39.5M
Hightower Advisors, LLC	−66K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−54K Sold out	0	—
River Road Asset Management, LLC Active manager	−46K −5.4%	802K	$39M
Bank Of New York Mellon Corp	−40K −52.4%	36K	$1.8M
State Street Corp Index funds	−39K −7.6%	472K	$22.9M
Dark Forest Capital Management LP	−39K Sold out	0	—
Corient Private Wealth LP	−38K −41.0%	54K	$2.6M
Susquehanna Fundamental Investments, LLC	−37K −42.7%	49K	$2.4M
Jacobs Levy Equity Management, Inc Active manager	−36K −7.7%	429K	$20.9M
Geode Capital Management, LLC Index funds	−33K −8.8%	339K	$16.5M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
AQR Capital Management LLC Hedge fund	−212K −7.0%	2.8M	$137M
Bridgewater Associates, LP Hedge fund	−146K Sold out	0	—
Gotham Asset Management, LLC Hedge fund	−139K −22.5%	480K	$23.3M
Lighthouse Investment Partners, LLC Hedge fund	−138K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−70K −8.0%	812K	$39.5M
Renaissance Technologies LLC Hedge fund	−54K Sold out	0	—
River Road Asset Management, LLC Active manager	−46K −5.4%	802K	$39M
Jacobs Levy Equity Management, Inc Active manager	−36K −7.7%	429K	$20.9M
Acadian Asset Management LLC Active manager	−15K −62.5%	9,218	$448,000
Victory Capital Management Inc Active manager	−11K −2.7%	383K	$18.6M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Exoduspoint Capital Management, LPHedge fund	221K	$10.8M
Ilex Capital Partners (UK) LLP	77K	$3.8M
Xtx Topco Ltd	47K	$2.3M
Atom Investors LP	46K	$2.2M
Susquehanna International Group, LLP	37K	$1.8M
Tudor Investment Corp Et AlHedge fund	29K	$1.4M
Bridgeway Capital Management, LLCActive manager	28K	$1.4M
PDT Partners, LLCHedge fund	22K	$1.1M
Odyssean, LLC	21K	$1M
Kestra Private Wealth Services, LLC	20K	$995,994

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Bridgewater Associates, LPHedge fund	146K	$6.7M
Lighthouse Investment Partners, LLCHedge fund	138K	$6.3M
Vest Financial, LLC	76K	$3.5M
Hightower Advisors, LLC	66K	$3M
Renaissance Technologies LLCHedge fund	54K	$2.5M
Dark Forest Capital Management LP	39K	$1.8M
Hussman Strategic Advisors, Inc.	21K	$964,320
Gateway Investment Advisers LLC	13K	$601,231
Mirabella Financial Services LLP	12K	$561,372
Board Of The Pension Protection Fund	12K	$555,632

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 309
Ten largest holders: 95.1%
Index fund managers: 1.5%
Active managers and hedge funds: 3.4%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	25	18	7	7	+946K	+11.4%
Index fund managers	4	6	0	0	−143K	−3.5%
Other institutions	128	114	41	27	+1.2M	+0.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on CNA Financial.

Only managers that filed a holdings report for both quarters are compared (337 here). 12 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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