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Millennium reports 4.97% First Horizon stake

Millennium-affiliated entities report 23.5 million FHN shares, or 4.97% of the company, after briefly exceeding 5% ownership on September 1, 2026.

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

First Horizon Corporation (FHN) is the subject of a Schedule 13G filing reporting that Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander collectively have beneficial ownership tied to 23,543,136 shares of First Horizon common stock, representing 4.97% of the outstanding shares. All of these shares are reported with shared voting and dispositive power and no sole power. The filing states that these reporting persons acquired beneficial ownership of more than 5% of First Horizon’s common stock on September 1, 2026, but had ceased to be beneficial owners of more than 5% by the date of the filing.

The securities are held through entities over which Millennium Management LLC and related investment managers have voting control and investment discretion, and the filing notes that this structure should not by itself be construed as an admission of beneficial ownership by the reporting persons.

Positive

  • None.

Negative

  • None.
Shares beneficially owned 23,543,136 shares First Horizon common stock tied to the reporting persons’ beneficial ownership
Percent of class 4.97% Proportion of First Horizon common stock reported as beneficially owned
Shared voting power 23,543,136 shares Shares of First Horizon common stock with shared voting power
Shared dispositive power 23,543,136 shares Shares of First Horizon common stock with shared dispositive power
Ownership threshold event date September 1, 2026 Date on which beneficial ownership first exceeded 5% before later falling below
Schedule 13G regulatory
"First Horizon Corporation is the subject of a Schedule 13G filing"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficial ownership financial
"After acquiring beneficial ownership of more than 5% of the outstanding Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting power financial
"Shared Voting Power 23,543,136.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive power financial
"Shared Dispositive Power 23,543,136.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
percent of class financial
"Percent of class: See response to Item 11 on each cover page"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What ownership stake in FHN does Millennium Management report in this Schedule 13G?

The reporting persons disclose potential beneficial ownership of 23,543,136 shares of First Horizon Corporation common stock, representing 4.97% of the outstanding class as indicated in the cover pages.

Did Millennium’s ownership in FHN ever exceed 5% according to this filing?

Yes. The filing states that the reporting persons acquired beneficial ownership of more than 5% of First Horizon’s outstanding common stock on September 1, 2026, but had fallen below 5% by the filing date.

How much voting power over FHN shares is reported by Millennium entities?

For First Horizon common stock, the reporting persons indicate 0 shares with sole voting power and 23,543,136 shares with shared voting power, matching the total shares reported as beneficially owned.

How much dispositive power over FHN shares is reported?

The Schedule 13G reports 0 shares with sole dispositive power and 23,543,136 shares with shared dispositive power with respect to First Horizon common stock.

Who are the reporting persons in this FHN Schedule 13G?

The reporting persons are Millennium Management LLC, Millennium Group Management LLC, and Israel A. Englander, who file jointly under a Joint Filing Agreement dated September 8, 2026.

What does the filing say about beneficial ownership admissions by the reporting persons?

It explains that the securities are held by entities subject to voting control and investment discretion by the Millennium entities and Mr. Englander, and states that this structure should not be construed as an admission of beneficial ownership of the securities by them.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





320517105

(CUSIP Number)
09/01/2026

(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)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Millennium Management LLC
Signature:/s/ Gil Raviv
Name/Title:Gil Raviv, Global General Counsel
Date:09/08/2026
Millennium Group Management LLC
Signature:/s/ Gil Raviv
Name/Title:Gil Raviv, Global General Counsel
Date:09/08/2026
Israel A. Englander
Signature:/s/ Israel A. Englander
Name/Title:Israel A. Englander
Date:09/08/2026
Exhibit Information

Exhibit I: Joint Filing Agreement, dated as of September 8, 2026, by and among Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander.

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