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Institutional Ownership · SEC Form 13F

Who owns The Hanover Insurance Group, Inc. (THG)


Which tracked institutional funds hold THG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See THG company fundamentals →

Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

501
Institutional holders
31M
Shares held (tracked funds)

How the tape is positioned

82 tracked funds added or opened THG while 116 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

THG’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes THG more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in THG divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 501 tracked filers holding THG, 262 increased or opened the position and 210 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in THG between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 15

  • VANGUARD PORTFOLIO MANAGEMENT LLC$335M
  • VANGUARD CAPITAL MANAGEMENT LLC$252M
  • VANGUARD FIDUCIARY TRUST CO$38M
  • VANGUARD ASSET MANAGEMENT, Ltd$6M
  • Meiji Yasuda Asset Management Co Ltd.$5M
  • ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$4M

Full exits 22

  • VANGUARD GROUP INC$659M
  • Channing Capital Management, LLC$10M
  • SUSQUEHANNA INTERNATIONAL GROUP, LLP$9M
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$5M
  • COMERICA BANK$3M
  • Y-Intercept (Hong Kong) Ltd$3M

Largest adds

  • STATE STREET CORP$64M
  • AMERICAN CENTURY COMPANIES INC$44M
  • Woodline Partners LP$28M
  • ADAGE CAPITAL PARTNERS GP, L.L.C.$25M
  • PRIMECAP MANAGEMENT CO/CA/$24M
  • Quantinno Capital Management LP$17M

Largest trims

  • MASSACHUSETTS FINANCIAL SERVICES CO /MA/$118M
  • BlackRock, Inc.$113M
  • VICTORY CAPITAL MANAGEMENT INC$69M
  • VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P.$51M
  • Invesco Ltd.$48M
  • ALLIANCEBERNSTEIN L.P.$45M

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed3,119,559$541M9.4%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new1,932,460$335M5.8%2026-Q1
STATE STREET CORP added1,631,422$283M4.9%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new1,452,355$252M4.4%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ trimmed1,384,142$240M4.2%2026-Q1
AQR CAPITAL MANAGEMENT LLC added1,011,672$175M3.0%2026-Q1
AMERICAN CENTURY COMPANIES INC added1,002,527$174M3.0%2026-Q1
FULLER & THALER ASSET MANAGEMENT, INC. added989,837$172M3.0%2026-Q1
DIMENSIONAL FUND ADVISORS LP added970,177$168M2.9%2026-Q1
ALLIANCEBERNSTEIN L.P. trimmed831,545$152M2.6%2026-Q1
FIRST TRUST ADVISORS LP added827,320$143M2.5%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added728,167$126M2.2%2026-Q1
AMERIPRISE FINANCIAL INC added694,771$120M2.1%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed598,786$104M1.8%2026-Q1
Qube Research & Technologies Ltd added492,751$85M1.5%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added470,830$82M1.4%2026-Q1
MORGAN STANLEY added462,672$80M1.4%2026-Q1
NORGES BANK trimmed443,007$77M1.3%2026-Q1
Woodline Partners LP added418,980$73M1.3%2026-Q1
Invesco Ltd. trimmed407,783$71M1.2%2026-Q1
Allspring Global Investments Holdings, LLC trimmed401,539$69M1.2%2026-Q1
LONDON CO OF VIRGINIA trimmed381,668$66M1.2%2026-Q1
NORTHERN TRUST CORP added342,173$59M1.0%2026-Q1
Bank of New York Mellon Corp added338,870$59M1.0%2026-Q1
Markel Group Inc.281,000$49M0.8%2026-Q1
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed277,050$48M0.8%2026-Q1
BANK OF AMERICA CORP /DE/ added251,130$44M0.8%2026-Q1
UBS Group AG added237,770$41M0.7%2026-Q1
GOLDMAN SACHS GROUP INC added218,782$38M0.7%2026-Q1
VANGUARD FIDUCIARY TRUST CO new216,524$38M0.7%2026-Q1
ADAGE CAPITAL PARTNERS GP, L.L.C. added215,370$37M0.6%2026-Q1
Quantinno Capital Management LP added207,152$36M0.6%2026-Q1
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added195,760$34M0.6%2026-Q1
FRANKLIN RESOURCES INC trimmed182,488$32M0.6%2026-Q1
PRIMECAP MANAGEMENT CO/CA/ added176,040$31M0.5%2026-Q1
BROWN ADVISORY INC trimmed172,514$30M0.5%2026-Q1
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. trimmed164,710$29M0.5%2026-Q1
JACOBS LEVY EQUITY MANAGEMENT, INC trimmed152,763$26M0.5%2026-Q1
Gotham Asset Management, LLC added151,751$26M0.5%2026-Q1
ProShare Advisors LLC trimmed149,856$26M0.5%2026-Q1
Arbejdsmarkedets Tillaegspension added147,109$26M0.4%2026-Q1
BALYASNY ASSET MANAGEMENT L.P. trimmed143,474$25M0.4%2026-Q1
Boston Trust Walden Corp trimmed140,938$24M0.4%2026-Q1
ALTRINSIC GLOBAL ADVISORS LLC trimmed130,221$23M0.4%2026-Q1
PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO128,613$22M0.4%2026-Q1
MILLENNIUM MANAGEMENT LLC trimmed118,796$21M0.4%2026-Q1
BARCLAYS PLC added117,980$20M0.4%2026-Q1
CITADEL ADVISORS LLC added117,634$20M0.4%2026-Q1
JANUS HENDERSON GROUP PLC116,871$20M0.4%2026-Q1
Interval Partners, LP trimmed109,022$19M0.3%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added108,971$19M0.3%2026-Q1
ENVESTNET ASSET MANAGEMENT INC trimmed108,514$19M0.3%2026-Q1
RHUMBLINE ADVISERS added105,208$18M0.3%2026-Q1
TWO SIGMA INVESTMENTS, LP added102,851$18M0.3%2026-Q1
California Public Employees Retirement System trimmed95,924$17M0.3%2026-Q1
Nuveen, LLC added94,208$16M0.3%2026-Q1
SEI INVESTMENTS CO added93,736$16M0.3%2026-Q1
Leeward Investments, LLC - MA trimmed92,114$16M0.3%2026-Q1
Aptus Capital Advisors, LLC added90,706$16M0.3%2026-Q1
PRINCIPAL FINANCIAL GROUP INC added79,055$14M0.2%2026-Q1
MARTINGALE ASSET MANAGEMENT L P trimmed78,618$14M0.2%2026-Q1
FMR LLC trimmed77,280$13M0.2%2026-Q1
VOYA INVESTMENT MANAGEMENT LLC added76,550$13M0.2%2026-Q1
Russell Investments Group, Ltd. trimmed76,383$13M0.2%2026-Q1
Swiss National Bank trimmed70,400$12M0.2%2026-Q1
Trexquant Investment LP added67,767$12M0.2%2026-Q1
JANE STREET GROUP, LLC added67,758$12M0.2%2026-Q1
JPMORGAN CHASE & CO trimmed67,960$12M0.2%2026-Q1
T. Rowe Price Investment Management, Inc. added64,575$11M0.2%2026-Q1
HANCOCK WHITNEY CORP trimmed56,815$11M0.2%2026-Q1
CRAWFORD INVESTMENT COUNSEL INC trimmed58,154$10M0.2%2026-Q1
SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed56,750$10M0.2%2026-Q1
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added55,625$10M0.2%2026-Q1
CONGRESS ASSET MANAGEMENT CO added54,867$10M0.2%2026-Q1
Engineers Gate Manager LP added54,641$9M0.2%2026-Q1
NORDEA INVESTMENT MANAGEMENT AB trimmed54,682$9M0.2%2026-Q1
Legal & General Group Plc trimmed49,967$9M0.2%2026-Q1
Hodges Capital Management Inc. added49,188$9M0.1%2026-Q1
ALGERT GLOBAL LLC added47,430$8M0.1%2026-Q1
Gillson Capital LP trimmed46,778$8M0.1%2026-Q1
ACADIAN ASSET MANAGEMENT LLC trimmed46,594$8M0.1%2026-Q1
TEACHER RETIREMENT SYSTEM OF TEXAS trimmed46,342$8M0.1%2026-Q1
NATIXIS ADVISORS, LLC trimmed44,525$8M0.1%2026-Q1
Squarepoint Ops LLC added44,184$8M0.1%2026-Q1
IEQ CAPITAL, LLC trimmed44,160$8M0.1%2026-Q1
HENNESSY ADVISORS INC trimmed43,400$8M0.1%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added43,399$8M0.1%2026-Q1
Retirement Systems of Alabama added43,398$8M0.1%2026-Q1
Lighthouse Investment Partners, LLC trimmed41,857$7M0.1%2026-Q1
Schonfeld Strategic Advisors LLC trimmed41,332$7M0.1%2026-Q1
CITIGROUP INC added40,502$7M0.1%2026-Q1
RAYMOND JAMES FINANCIAL INC trimmed39,625$7M0.1%2026-Q1
Man Group plc added39,568$7M0.1%2026-Q1
VANGUARD GROUP INC trimmed3,606,743$659M11.5%2025-Q4 stale
MACQUARIE GROUP LTD trimmed423,195$77M1.3%2025-Q3 stale
Channing Capital Management, LLC trimmed56,086$10M0.2%2025-Q4 stale
NFJ INVESTMENT GROUP, LLC added53,452$9M0.2%2025-Q1 stale
Freestone Grove Partners LP trimmed50,530$9M0.2%2025-Q3 stale
SUSQUEHANNA INTERNATIONAL GROUP, LLP added46,871$9M0.1%2025-Q4 stale
Corebridge Financial, Inc. trimmed39,797$7M0.1%2025-Q1 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership