Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hanover Ins Group Inc (THG)

500 + Investors. Track Smart Money conviction in THG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
3Q ▲
Buyers last Q
56%

Smart Money Signals — THG

Based on 501 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds added THG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
501 hedge funds hold THG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+66 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

263 buying203 selling
Last quarter: 263 funds bought or added vs 203 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-12 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 50 → 69 → 76 → 64. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 19% new
301 out of 501 hedge funds have held THG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

80 → 50 → 69 → 76 → 64 new funds/Q
New funds entering each quarter: 50 → 69 → 76 → 64. A growing number of institutions are discovering THG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 65% veterans vs 24% newcomers

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Entry-cohort mix of 502 holders: 325 (65%) are 2+ year veterans, 55 entered 1–2 years ago, and 122 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
55 of 499 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in THG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — THG

In 2026 Q1, 263 hedge funds were net buyers of THG (64 opened a new position, 199 added to an existing one), while 203 reduced or exited (152 trimmed, 51 sold completely) — a 56% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 57% of total institutional value in THG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 501.

Hedge Fund Ownership: THG

How many hedge funds hold THG — quarterly history vs. share price
Quarterly hedge fund ownership of THG vs. share price

Market Analysis: THG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: THG

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Hanover Ins Group Inc (THG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much THG has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 47d ago
THG
+5.2%
XLF
+8.5%

THG outperformed XLF by -3.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
THG
+0.0%
XLF
+0.0%

Since the filing became public, THG outperformed XLF by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

32 top-rated funds 1 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: THG
2026 Q2 Stats Unlock in 3 days 500 + Investors

Track Smart Money conviction in THG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 500 487 2.67%
13F Shares 31M 32M -1.58%
Total Value $5.07B $5.50B -7.85%
New Positions 63 76 -13
Increased Positions 198 172 +26
Closed Positions 50 43 +7
Reduced Positions 151 161 -10
Total Calls 1 2 -50.0%
Total Puts 2 2 -
PUT/CALL Ratio 2.0 1.0 Bearish

Statistics: THG

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

500 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in THG. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 THG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Longboard Asset Management, LP 3.86% 1,074 $230K
2 Pullen Investment Management, LLC 1.44% 14,571 $3.1M
3 Philadelphia Financial Management of San Francisco, LLC 1.34% 31,040 $6.6M
4 Altrinsic Global Advisors LLC 0.94% 119,083 $25.5M
5 Leeward Investments, LLC - MA 0.88% 90,134 $19.3M
6 Hodges Capital Management Inc. 0.74% 52,369 $11.2M
7 Croban 0.71% 7,478 $1.6M
8 Vaughan Nelson Investment Management, L.P. 0.71% 372,514 $79.8M
9 Interval Partners, LP 0.69% 124,856 $26.7M
10 Arbejdsmarkedets Tillaegspension 0.69% 147,109 $31.5M
11 Ironwood Investment Management LLC 0.68% 9,232 $2.0M
12 Fuller & Thaler Asset Management, INC. 0.64% 1,089,705 $233.3M
13 Bedminster, LLC 0.52% 2,865 $613K
14 Markel Group INC. 0.46% 281,000 $60.2M
15 London Co of Virginia 0.44% 360,801 $77.3M
16 Martingale Asset Management L P 0.42% 83,765 $17.9M
17 A&I Financial Services, LLC 0.42% 4,486 $961K
18 Precision Wealth Strategies, LLC 0.41% 6,398 $1.4M
19 Impact Investors, Inc 0.40% 2,561 $548K
20 Heartland Advisors Inc 0.36% 37,549 $8.0M
21 Dockside LLC 0.34% 6,817 $1.5M
22 Hamilton Capital Partners Inc. 0.31% 5,452 $737K
23 Leuthold Group, LLC 0.29% 13,633 $2.9M
24 Meiji Yasuda Asset Management Co Ltd. 0.28% 29,298 $6.3M
25 Eddie Patel Inc 0.27% 2,087 $447K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Hanover Ins Group Inc (THG)

What does the Smart Money Trend signal show for THG?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added THG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for THG?

Slight buying edge — 56% buying: Last quarter: 263 funds bought or added vs 203 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for THG holders?

Elite ownership — 57% AUM from top-100 funds: 55 of 499 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in THG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held THG?

60% of holders stayed for 2+ years: 301 out of 501 hedge funds have held THG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Hanover Ins Group Inc (THG) following the 2026 Q2 hedge fund 13F filings?

As of today, THG has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLF sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), THG has gained +5.2% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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