First American Financial Corporation
US ˙ NYSE ˙ US31847R1023

SecurityFAF / First American Financial Corporation
InstitutionD. E. Shaw & Co., Inc.
ManagerDE Shaw
Latest Disclosed Ownership9,044 shares
Latest Disclosed Value $ 545,263
D. E. Shaw & Co., Inc. reports 62.89% decrease in ownership of FAF / First American Financial Corporation

On May 15, 2026 - D. E. Shaw & Co., Inc. filed a 13F-HR form disclosing ownership of 9,044 shares of First American Financial Corporation (US:FAF) valued at $545,263 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 24,374 shares of First American Financial Corporation. This represents a change in shares of -62.89% during the quarter. The current value of the position is $584,062 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FIRST AMERN FINL COM 31847R102 9,044 -15,330 -62.89 545 -63.59 0.0003
2026-02-17 2025-12-31 13F FIRST AMERN FINL COM 31847R102 24,374 -20,008 -45.08 1,498 -47.49 0.0008
2025-11-14 2025-09-30 13F FIRST AMERN FINL COM 31847R102 44,382 -33,412 -42.95 2,851 -40.29 0.0016
2025-08-14 2025-06-30 13F FIRST AMERN FINL COM 31847R102 77,794 -214,395 -73.38 4,776 -75.10 0.0034
2025-05-15 2025-03-31 13F FIRST AMERN FINL COM 31847R102 292,189 175,406 150.20 19,176 163.01 0.0171
2025-02-14 2024-12-31 13F FIRST AMERN FINL COM 31847R102 116,783 -125,943 -51.89 7,292 -54.49 0.0054
2024-11-14 2024-09-30 13F FIRST AMERN FINL COM 31847R102 242,726 -18,692 -7.15 16,022 13.61 0.0138
2024-08-14 2024-06-30 13F FIRST AMERN FINL COM 31847R102 261,418 67,539 34.84 14,104 19.15 0.0132
2024-05-15 2024-03-31 13F FIRST AMERN FINL COM 31847R102 193,879 193,879 11,836 0.0101
2024-11-14 2023-12-31 13F/A-1 FIRST AMERN FINL COM 31847R102 0 -7,500 -100.00 0 -100.00
2024-02-14 2023-12-31 13F FIRST AMERN FINL COM 31847R102 0 -7,500 0
2023-11-14 2023-09-30 13F FIRST AMERN FINL COM 31847R102 7,500 -13,300 -63.94 424 -64.33 0.0004
2023-08-14 2023-06-30 13F FIRST AMERN FINL COM 31847R102 20,800 -36,448 -63.67 1,186 -62.77 0.0012
2023-05-15 2023-03-31 13F FIRST AMERN FINL COM 31847R102 57,248 -29,052 -33.66 3,186 -29.45 0.0034
2023-02-14 2022-12-31 13F FIRST AMERN FINL COM 31847R102 86,300 -62,524 -42.01 4,517 -34.18 0.0050
2022-11-14 2022-09-30 13F FIRST AMERN FINL COM 31847R102 148,824 -149,073 -50.04 6,861 -56.48 0.0082
2022-08-15 2022-06-30 13F FIRST AMERN FINL COM 31847R102 297,897 -1,432,603 -82.79 15,765 -85.95 0.0185
2022-05-16 2022-03-31 13F FIRST AMERN FINL COM 31847R102 1,730,500 -20,730 -1.18 112,171 -18.12 0.1050
2022-02-14 2021-12-31 13F FIRST AMERN FINL COM 31847R102 1,751,230 634,833 56.86 136,999 83.02 0.1136
2021-11-15 2021-09-30 13F FIRST AMERN FINL COM 31847R102 1,116,397 -135,285 -10.81 74,854 -4.08 0.0676
2021-08-16 2021-06-30 13F FIRST AMERN FINL COM 31847R102 1,251,682 -159,915 -11.33 78,042 -2.41 0.0674
2021-05-17 2021-03-31 13F FIRST AMERN FINL COM 31847R102 1,411,597 -9,257 -0.65 79,967 9.01 0.0772
2021-02-16 2020-12-31 13F FIRST AMERN FINL COM 31847R102 1,420,854 613,787 76.05 73,358 78.54 0.0656
2020-11-16 2020-09-30 13F FIRST AMERN FINL COM 31847R102 807,067 210,123 35.20 41,087 43.34 0.0420
2020-08-14 2020-06-30 13F FIRST AMERN FINL COM 31847R102 596,944 -211,805 -26.19 28,665 -16.43 0.0341
2020-05-15 2020-03-31 13F FIRST AMERN FINL COM 31847R102 808,749 -177,648 -18.01 34,299 -40.38 0.0535
2020-02-14 2019-12-31 13F FIRST AMERN FINL COM 31847R102 986,397 407,136 70.29 57,527 68.30 0.0658
2019-11-14 2019-09-30 13F FIRST AMERN FINL COM 31847R102 579,261 -127,010 -17.98 34,182 -9.87 0.0421
2019-08-14 2019-06-30 13F FIRST AMERN FINL COM 31847R102 706,271 124,033 21.30 37,927 26.49 0.0473
2019-05-15 2019-03-31 13F FIRST AMERN FINL COM 31847R102 582,238 126,818 27.85 29,985 47.49 0.0387
2019-02-14 2018-12-31 13F FIRST AMERN FINL COM 31847R102 455,420 -169,870 -27.17 20,330 -36.98 0.0280
2018-11-14 2018-09-30 13F FIRST AMERN FINL COM 31847R102 625,290 147,948 30.99 32,258 30.66 0.0388
2018-08-14 2018-06-30 13F FIRST AMERN FINL COM 31847R102 477,342 -106,722 -18.27 24,688 -27.96 0.0322
2018-05-15 2018-03-31 13F FIRST AMERN FINL COM 31847R102 584,064 213,627 57.67 34,272 65.09 0.0467
2018-02-14 2017-12-31 13F FIRST AMERN FINL COM 31847R102 370,437 -122,997 -24.93 20,759 -15.81 0.0286
2017-11-14 2017-09-30 13F FIRST AMERN FINL COM 31847R102 493,434 135,342 37.80 24,656 54.07 0.0379
2017-08-14 2017-06-30 13F FIRST AMERN FINL COM 31847R102 358,092 -18,491 -4.91 16,003 8.19 0.0265
2017-05-15 2017-03-31 13F FIRST AMERN FINL COM 31847R102 376,583 -72,612 -16.16 14,792 -10.10 0.0260
2017-02-14 2016-12-31 13F FIRST AMERN FINL COM 31847R102 449,195 79,431 21.48 16,454 13.29 0.0279
2016-11-14 2016-09-30 13F FIRST AMERN FINL COM 31847R102 369,764 351,769 1,954.82 14,524 1,906.08 0.0256
2016-08-15 2016-06-30 13F FIRST AMERN FINL COM 31847R102 17,995 -4,917 -21.46 724 -17.07 0.0013
2016-05-16 2016-03-31 13F FIRST AMERN FINL COM 31847R102 22,912 22,912 0.00 873 0.0016
2015-08-14 2015-06-30 13F FIRST AMERN FINL COM 31847R102 0 -12,503 -100.00 0 -100.00
2015-05-15 2015-03-31 13F FIRST AMERN FINL COM 31847R102 12,503 12,503 0.00 446 0.0007
2014-11-14 2014-09-30 13F FIRST AMERN FINL COM 31847R102 0 -28,380 -100.00 0 -100.00
2014-08-14 2014-06-30 13F FIRST AMERN FINL COM 31847R102 28,380 -167,261 -85.49 789 -85.70 0.0011
2014-02-14 2013-12-31 13F FIRST AMERN FINL COM 31847R102 195,641 33,679 20.79 5,517 39.88 0.0075
2013-11-20 2013-09-30 13F/A-1 FIRST AMERN FINL COM 31847R102 161,962 80,456 98.71 3,944 119.60 0.0063
2013-11-14 2013-09-30 13F FIRST AMERN FINL COM 31847R102 161,962 3,944
2013-08-14 2013-06-30 13F FIRST AMERN FINL COM 31847R102 81,506 81,506 1,796 0.0034
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.