Schedule 13G: Boston Partners Holds 5.44M FAF Shares (5.29%)

Rhea-AI Filing Summary

Boston Partners, identified as an investment adviser (IA), reports beneficial ownership of 5,443,149 shares of First American Financial Corp common stock, representing 5.29% of the class. The filing states Boston Partners has sole voting power over 4,297,278 shares and sole dispositive power over 5,443,149 shares, and that the shares are held in discretionary client accounts.

The filing also certifies the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. No group affiliation or subsidiary acquiring party is identified.

Positive

• Beneficial ownership disclosed: Boston Partners reports 5,443,149 shares (5.29%), meeting SEC materiality thresholds.
• Clear control of disposition: Boston Partners reports sole dispositive power over all reported shares and sole voting power over 4,297,278 shares.
• Filing indicates ordinary-course holdings: The filer certifies the securities are held in the ordinary course of business and not for control purposes.

Negative

• None.

Insights

Securities Analyst

TL;DR: Boston Partners holds a material >5% stake in FAF with sole dispositive control; filing indicates passive, advisory ownership.

Boston Partners reports 5,443,149 shares (5.29%) of First American Financial, crossing the 5% reporting threshold that requires disclosure. The adviser reports sole dispositive power for all reported shares and sole voting power for a slightly smaller subset, indicating direct control over trading decisions while voting authority is held for most shares. The Schedule 13G format and explicit certification that holdings are in the ordinary course suggest the position is held in a fiduciary capacity for clients rather than as an activist intent to change control.

Corporate Governance Expert

TL;DR: A >5% institutional stake is material to shareholders and should be noted by governance teams, though no control intent is stated.

The filing discloses meaningful institutional ownership by Boston Partners with no group affiliation and no subsidiary acquisition noted. The statement that the shares are not held to influence control, combined with the Schedule 13G filing type, frames this as a passive/monitoring stake. For governance, this is material information about shareholder composition but does not itself indicate pressure for board or strategic change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

First American Financial Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

31847R102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 31847R102

1

Names of Reporting Persons

Boston Partners

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,297,278.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,443,149.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,443,149.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.29 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: First American Financial Corp
(b)	Address of issuer's principal executive offices: 1 FIRST AMERICAN WAY, SANTA ANA, CALIFORNIA 92707
Item 2.
(a)	Name of person filing: Boston Partners
(b)	Address or principal business office or, if none, residence: ONE BEACON STREET 30TH FLOOR BOSTON, Massachusetts 02108
(c)	Citizenship: Boston Partners - DELAWARE
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 31847R102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 5,443,149
(b)	Percent of class: 5.29 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Boston Partners - 4,297,278
	(ii) Shared power to vote or to direct the vote: Boston Partners - 0
	(iii) Sole power to dispose or to direct the disposition of: Boston Partners - 5,443,149
	(iv) Shared power to dispose or to direct the disposition of: Boston Partners - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. This Schedule is being filed with respect to 5,443,149.00 shares of First American Financial Corp. (the Common Stock) held by Boston Partners on 6/30/2025 for the discretionary account of certain clients. By reason of rule 13d-3 under the act Boston Partners may be deemed to be a beneficial owner of such Common Stock. To the knowledge of Boston Partners no person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of such Common Stock which represents more than 5% of the outstanding shares of the Common Stock referred to in item 4(b) hereof.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Boston Partners

Signature:	/s/Akiko Lindholm
Name/Title:	Senior Compliance Manager
Date:	08/11/2025

FAQ

How many FAF shares does Boston Partners report owning?

Boston Partners reports beneficial ownership of 5,443,149 shares of First American Financial common stock, representing 5.29% of the class.

What voting and dispositive powers does Boston Partners have over FAF shares?

The filing reports sole voting power for 4,297,278 shares and sole dispositive power for 5,443,149 shares.

What type of SEC filing did Boston Partners submit for FAF?

Boston Partners filed a Schedule 13G as an investment adviser (IA), reporting passive/ordinary-course ownership above 5%.

Are the FAF shares held to influence control of the company?

The filing certifies the securities were acquired and are held in the ordinary course of business and were not acquired for the purpose of changing or influencing control of the issuer.

As of what date are the reported holdings effective?

The holdings reported in the Schedule correspond to the position held as of 6/30/2025 (the date of the event requiring filing).