Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in AFG held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.8M | $872.9M | -5.7% | 8.226% | 0.02% |
| 2 | FMR LLC | 6.4M | $814.0M | -4.5% | 7.671% | 0.04% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.9M | $499.6M | — | 4.708% | 0.03% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.3M | $419.5M | — | 3.954% | 0.01% |
| 5 | STATE STREET CORP | 3.0M | $384.5M | +14.7% | 3.624% | 0.01% |
| 6 | AMERICAN FINANCIAL GROUP INC 401(K) RETIREMENT & SAVINGS PLA | 2.4M | $302.3M | -1.0% | 2.849% | 100.00% |
| 7 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.1M | $268.2M | -18.2% | 2.528% | 0.04% |
| 8 | VICTORY CAPITAL MANAGEMENT INC | 2.0M | $260.3M | -27.3% | 2.453% | 0.17% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.7M | $213.7M | -3.5% | 2.013% | 0.01% |
| 10 | DIMENSIONAL FUND ADVISORS LP | 1.5M | $192.4M | +19.0% | 1.813% | 0.04% |
| 11 | GOLDMAN SACHS GROUP INC | 1.0M | $131.7M | +33.7% | 1.241% | 0.02% |
| 12 | ALLIANCEBERNSTEIN L.P. | 901K | $123.2M | -9.3% | 1.084% | 0.04% |
| 13 | MORGAN STANLEY | 903K | $115.3M | +0.8% | 1.086% | 0.01% |
| 14 | UBS Group AG | 848K | $108.3M | +45.8% | 1.021% | 0.02% |
| 15 | NORTHERN TRUST CORP | 790K | $100.8M | -17.6% | 0.950% | 0.01% |
| 16 | Invesco Ltd. | 780K | $99.6M | -2.9% | 0.939% | 0.02% |
| 17 | Bank of New York Mellon Corp | 778K | $99.4M | -5.0% | 0.936% | 0.02% |
| 18 | BALYASNY ASSET MANAGEMENT LLC | 775K | $99.0M | +3.2% | 0.933% | 0.34% |
| 19 | AQR CAPITAL MANAGEMENT LLC | 680K | $86.6M | +158.2% | 0.819% | 0.04% |
| 20 | FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 611K | $78.1M | -0.4% | 0.736% | 0.43% |
| 21 | AMERIPRISE FINANCIAL INC | 557K | $71.1M | +27.3% | 0.670% | 0.02% |
| 22 | Boston Trust Walden Corp | 526K | $67.1M | +11.9% | 0.633% | 0.55% |
| 23 | MILLENNIUM MANAGEMENT LLC | 496K | $63.3M | +95.3% | 0.597% | 0.04% |
| 24 | JOHNSON INVESTMENT COUNSEL INC | 455K | $58.1M | -5.0% | 0.547% | 0.47% |
| 25 | VANGUARD FIDUCIARY TRUST CO | 433K | $55.3M | — | 0.521% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in AFG — a direct measure of their conviction.
Filings activity in AFG during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 481 | 4.2% | 63.37% | 6.97 pp | $7.06B | 9.9% |
| Q4 2025 | 502 | +6.1% | 70.34% | 2.04 pp | $7.84B | 2.8% |
| Q3 2025 | 473 | +4.6% | 72.38% | +8.96 pp | $8.06B | +14% |
| Q2 2025 | 452 | 3.2% | 63.42% | +0.75 pp | $7.07B | +1.2% |
| Q1 2025 | 467 | +5.9% | 62.67% | 3.98 pp | $6.98B | 6.0% |
| Q4 2024 | 441 | +7.3% | 66.65% | +6.77 pp | $7.43B | +11% |
| Q3 2024 | 411 | 0.7% | 59.88% | 26.95 pp | $6.67B | 31% |
| Q2 2024 | 414 | — | 86.83% | — | $9.67B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying AFG stock.
Based on Q1 2026 13F filings, institutional ownership of American Financial Group, Inc. stands at 63.4%, held across 481 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of AFG, with approximately 6,835,077 shares worth $0.87B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of AFG, including MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for AFG is 33 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
84 institutions opened new positions in AFG during Q1 2026, while 105 fully exited. 116 added to existing positions and 276 trimmed.
AFG institutional ownership fell by 6.97 percentage points quarter-over-quarter, with a net change of -21 holders.
The top 10 institutions account for 59.9% of all reported 13F value in AFG, and the top 25 account for 79.1%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
American Financial Group, Inc. (AFG) Institutional Ownership