Victory Capital Management Reduces Stake in First American Financial

Institutional investor trims holdings in title insurance provider

Published on Mar. 8, 2026

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Victory Capital Management Inc. has reduced its stake in First American Financial Corporation (NYSE:FAF) by 58.9% in the third quarter, according to a recent SEC filing. The firm now owns 665,335 shares of the insurance provider's stock, down from over 1.6 million shares previously.

Why it matters

First American Financial is a major player in the title insurance industry, providing policies that protect property owners and mortgage lenders against title defects. Victory Capital's reduced stake could signal a shift in investor sentiment around the company or the broader title insurance market.

The details

According to the filing, Victory Capital Management sold 953,979 shares of First American Financial during the third quarter, leaving it with a remaining position of 665,335 shares worth $42.7 million. The firm previously owned 0.65% of First American Financial's outstanding shares.

  • Victory Capital Management reported the stake reduction in a 13F filing for the third quarter of 2026.

The players

Victory Capital Management Inc.

An investment management firm that oversees over $160 billion in client assets.

First American Financial Corporation

A leading provider of title insurance, settlement services and real estate data analytics, headquartered in Santa Ana, California.

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The takeaway

Victory Capital's reduced stake in First American Financial could signal broader shifts in the title insurance industry, as investors weigh factors like market competition, regulatory changes, and the overall housing market outlook.