Truist Financial Corporation (NYSE: TFC) is one of the largest regional banks in the U.S., offering consumer banking, commercial lending, and wealth management services. Shares recently traded around $49 per share, giving the company a market value of roughly $64B.
Looking at who owns Truist Financial and how insiders have been trading helps show how large institutions and company leadership appear to be positioning around the stock today.
Who Are Truist Financial’s Top Shareholders?
Truist Financial’s shareholder base is led by major institutional investors. These firms often hold through market cycles, which can help support long-term ownership stability, while changes among active managers may reflect shifting views on valuation or macro conditions.
- The Vanguard Group: 118.4M shares (9.25%), ~$5.9B value. Reduced holdings by ~1.4M shares (-1.18%).
- Capital International Investors: 107.6M shares (8.41%), ~$5.4B value. Added ~346k shares (+0.32%).
- BlackRock Institutional Trust: 65.9M shares (5.15%), ~$3.3B value. Cut ~1.5M shares (-2.26%).
- State Street Investment Management: 59.6M shares (4.66%), ~$3.0B value. Reduced ~477k shares (-0.79%).
- Victory Capital Management: 29.7M shares (2.32%), ~$1.5B value. Reduced ~1.9M shares (-5.93%).
- Geode Capital Management: 29.0M shares (2.26%), ~$1.4B value. Added ~764k shares (+2.71%).
For investors, ownership remains anchored by large, long-term institutions, though modest trimming by several holders suggests positioning appears measured rather than strongly directional.
Hedge Fund Highlights
One notable move last quarter came from Balyasny Asset Management, founded by Dmitry Balyasny, which increased its Truist Financial position by over 10,000%. The firm now holds roughly $132M value in shares, which may reflect a sharp shift in exposure following earlier volatility across regional bank stocks.
Millennium Management, led by Israel Englander, raised its Truist stake by nearly 1,500%, bringing the position to about $123M value. The move suggests Truist may have become a more attractive allocation within Millennium’s diversified, multi-strategy portfolio.
Bridgewater Associates, founded by Ray Dalio, increased its holdings by more than 230% to roughly $33M value. While smaller in absolute size, the increase still stands out given Bridgewater’s macro-driven investment style.
Tudor Investment Corp, run by Paul Tudor Jones, lifted its Truist position by over 70%, now holding approximately $24M value in shares, which may reflect a tactical adjustment rather than a long-term conviction.
For investors, hedge fund activity appears selective rather than crowded, with several high-profile managers increasing exposure while overall hedge fund ownership remains modest.
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Truist Financial’s Recent Insider Trades
Recent filings show mostly small share sales by company executives and directors.
- Bradley D. Bender (Officer): Sold several thousand shares across May and July at prices in the low-to-mid $40s.
- William H. Rogers Jr. (Officer): Sold shares across multiple transactions, representing a small portion of total ownership.
- Cynthia B. Powell (Director): Sold shares in a single disclosed transaction.
- Donta L. Wilson (Officer): Sold shares at prices near recent trading levels.
- Michael Baron Maguire (Officer): Sold shares in a modest transaction.
- Other entries: Zero-price or offsetting transactions that appear administrative, though intent is not confirmed.
For investors, insider activity appears tilted toward selling, but transaction sizes are relatively small and it looks like insiders may be managing personal exposure rather than signaling a clear view on Truist Financial’s outlook.
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What the Ownership & Insider Trade Data Tell Us
Truist Financial’s shareholder base remains supported by large institutional investors, providing stability despite some incremental trimming. Hedge fund positioning shows renewed interest from select managers, though exposure levels remain controlled.
Insider activity appears cautious but limited in scale, offering context rather than a strong directional signal. For investors, the combined data suggests a balanced picture, with institutions and insiders appearing selective as Truist Financial navigates interest rate uncertainty and credit conditions across the regional banking sector.
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