What smart money is saying about Equitable Holdings
6 funds in our archive have pitched Equitable Holdings, most recently Oakmark Fund in September 2026.
Equitable Holdings, Inc. operates as a global, diversified financial services enterprise, delivering its offerings through four primary divisions. The Individual Retirement segment focuses on providing variable annuity products predominantly to high-net-worth individuals. Its Group Retirement segment supplies tax-advantaged investment and retirement plans to a variety of organizations, including educational institutions, municipalities, non-profit entities, and small to mid-sized businesses. Through its Investment Management and Research division, the company offers a broad spectrum of investment management, research, and related services to institutional, retail, and private wealth clients, additionally distributing its specialized research offerings. The Protection Solutions segment delivers a range of life insurance products—such as variable universal, indexed universal, and term life—to affluent individuals and owners of small and medium-sized businesses. This segment also extends group insurance coverage, encompassing life, short- and long-term disability, dental, and vision benefits, to small and medium-sized enterprises. Founded in 1859 and based in New York, New York, the company adopted its current name, Equitable Holdings, Inc., in January 2020, having previously been known as AXA Equitable Holdings, Inc.
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Fund signal · last 12 months
6 lettersToo few moves on Equitable Holdings yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 6 fund letters reported a position in Equitable Holdings, with 1 buy (opened or added) and 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 1 |
| Q2 2026 | 3 | 1 | 2 | 1 |
| Q1 2026 | 2 | 0 | 1 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 2 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 6 positions · 5 moves
- HoldsOakmark FundSeptember 2026
“I would love to know the thesis on Corebridge! I’m happy to share it, but first I want to explain that my reference to nobody wanting to hear our story on Corebridge Financial (CRBG) was meant simply as an example of how much attention AI is capturing and how little interest there is today in many of the companies we own. Most people seem to care more about our rationale for not owning investments that have performed very well than they do about the investments we actually own! Corebridge sells life insurance and provides retirement services. The stock trades for $33. Consensus estimates for 2028 earnings are about $6.50 per share, putting the P/E at just over 5 times. The company returns most of those earnings to shareholders through a 3% dividend and share repurchases that have reduced its share count by more than 10% in each of the past three years. As a reminder, even if net income is flat, a 10% decline in share count increases EPS by about 11%. That seems very attractive to us given the low P/E ratio. Further, in July the company announced its intention to merge with Equitable Holdings before the end of the year.”
Equitable Holdings - New positionHarris Associates U.S. Large Value StrategyJune 2026
“We were pleased to initiate a position at a meaningful discount to intrinsic value.”
Equitable Holdings - June 2026
“Seven positions were eliminated from the portfolio during the quarter.”
Equitable Holdings - June 2026
“Equitable triggered our soft stop-loss review, and with no insider buying to reinforce conviction, we sold the position.”
Equitable Holdings - March 2026
“Financials, Health Care, Materials, and Utilities were the leading sources of underperformance for the Fund during the third quarter. Both KKR & Co (KKR) and Equitable Holdings (EQH) were weak as investor worries around the private credit ecosystem accelerated during the period. We eliminated our position in Equitable Holdings (EQH) near the end of the quarter due to a capital allocation decision that violated our thesis.”
Equitable Holdings - March 2026
“We eliminated our position in Equitable Holdings (EQH) near the end of the quarter due to a capital allocation decision that violated our thesis.”
Equitable Holdings
Fund coverage · 6 theses
- Oakmark FundSeptember 2026
Equitable Holdings is part of a merger thesis centered on greater scale, diversification, cost synergies, and a potentially higher valuation.
Read the full thesis Equitable Holdings is attractive for its shift toward fee-based capital-light businesses, merger upside, and low valuation.
Read the full thesis- Diamond Hill Select FundMarch 2026
Equitable Holdings is a life and retirement platform that should gain scale, more consistent earnings, and long-term growth from its merger.
Read the full thesis - The London Company Large CapSeptember 2025
Equitable Holdings, Inc. is a leading U.S. financial services company focused on retirement and wealth management, generating strong cash flow for share repurchases and dividends, while recently enhancing its capital structure and risk profile through a reinsurance transaction.
Read the full thesis - TCW Relative Value Large Cap FundMarch 2025
Equitable Holdings is a financial services company focused on life insurance and retirement, undergoing restructuring to emphasize asset and wealth management, which should drive growth and improve valuation multiples.
Read the full thesis Equitable Holdings (EQH) is positioning itself as a leading player in insurance and asset management, with a focus on sustainable cash flow generation and shareholder returns, while benefitting from a stronger earnings profile through increased ownership in AllianceBernstein.
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