Bridgewater Associates 13F: Adds $18M to FHN Stake

Bridgewater Expands Regional Bank Stake

Bridgewater Associates raised its investment in First Horizon Corporation (NYSE: FHN), picking up 703,038 more shares during the period. A recent Form 13F filing with the SEC shows the large institutional fund grew its stake by 75.7% to finish the quarter with 1,631,610 shares. That increased position carried a reported value of about $41.8 million.

First Horizon Shares Trade Near Highs

First Horizon shares recently changed hands at $25.64, sitting close to the upper boundary of its 52-week trading band that stretches from $19.80 to $26.56. The regional bank carries a P/E ratio of 11.5 and a forward P/E of 10.4 based on expected earnings. Its price rests comfortably above both its 50-day moving average of $25.12 and its 200-day moving average of $24.41.

Wall Street Ratings and Targets

Several financial firms have updated their views on the regional bank's outlook. On October 16, 2026, Raymond James maintained its Outperform rating while adjusting its price target from $28.00 to $27.00. On the same day, JP Morgan kept a Neutral rating and moved its target from $27.00 to $26.00. Truist Securities maintained a Hold rating on October 9, 2026, shifting its target from $27.00 to $25.00. Evercore ISI Group kept an In-Line rating on October 1, 2026, moving its target from $26.00 to $25.00. Wells Fargo maintained an Equal-Weight rating on September 30, 2026, adjusting its target from $28.00 to $25.00. Citigroup maintained a Buy rating on September 22, 2026, lowering its target slightly from $28.50 to $28.00. Hovde Group initiated coverage with a Market Perform rating and a $25.00 target on September 17, 2026, while Morgan Stanley initiated an Equal-Weight rating with a $30.00 target on September 8, 2026. The stock currently holds a consensus buy recommendation from analysts with a mean price target of $28.02.

Inside First Horizon Operations

First Horizon Corporation serves as the bank holding company for First Horizon Bank, delivering commercial, private client, and regional banking services across multiple financial segments. The institution supports commercial lending, wealth management, treasury solutions, and fixed-income institutional services from its headquarters in Memphis, Tennessee.

What's Ahead for First Horizon Corporation

Regulatory filings like this Form 13F look backward at past portfolio changes and might not show the fund's exact current holdings today. Market watchers will look toward the company's next earnings report scheduled for October 14, 2026, for fresh details on financial performance.