SCHEDULE: Manulife Updates First Hawaiian Stake to 6.13%
Beneficial Ownership Update
Manulife Financial Corporation and its subsidiaries have filed an amendment to their Schedule 13G, disclosing a 6.13% beneficial ownership in First Hawaiian, Inc. as of September 30, 2025.
Summary
- Manulife Financial Corporation (MFC), along with its indirect wholly-owned subsidiaries Manulife Investment Management (US) LLC (MIM (US)) and Manulife Investment Management Limited (MIML), filed an Amendment No. 6 to Schedule 13G.
- The filing reports beneficial ownership of Common Stock in First Hawaiian, Inc. (CUSIP: 32051X108).
- As of September 30, 2025, MIM (US) beneficially owns 7,636,342 shares, representing 6.13% of First Hawaiian, Inc.'s Common Stock.
- MIML beneficially owns 18,815 shares, representing 0.02% of First Hawaiian, Inc.'s Common Stock.
- MFC, as the parent company, is deemed to have beneficial ownership of the shares held by MIM (US) and MIML.
- The total shares outstanding for First Hawaiian, Inc. were 124,627,544 as of July 31, 2025, as reported in the issuer's Form 10-Q filed on August 4, 2025.
Sentiment
Score: 5
Explanation: This is a neutral, routine regulatory filing disclosing beneficial ownership. It does not contain information that would significantly alter the sentiment towards the issuer or the reporting entities beyond confirming an existing investment.
Positives
- Manulife Investment Management (US) LLC maintains a significant stake, holding 6.13% of First Hawaiian, Inc., indicating continued investment interest from a major institutional investor.
Negatives
- No specific negative information is disclosed in this routine ownership update.
Risks
- No specific risks related to First Hawaiian, Inc.'s operations or financial health are mentioned in this ownership disclosure. The filing primarily concerns the reporting persons' beneficial ownership and regulatory compliance.
Future Outlook
No forward-looking statements or guidance regarding First Hawaiian, Inc.'s future performance or Manulife's investment strategy are provided in this routine ownership disclosure.
Management Comments
- Manulife Investment Management Limited certifies that, to the best of its knowledge and belief, the foreign regulatory scheme applicable to MIML is substantially comparable to the regulatory scheme applicable to functionally equivalent U.S. institution(s).
- Manulife Investment Management Limited undertakes to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
Industry Context
This filing reflects a routine disclosure by a major institutional investor, Manulife, regarding its passive stake in First Hawaiian, Inc., a regional bank. Such filings are common in the financial services sector as institutional investors adjust their portfolios and update their ownership percentages in public companies.
Comparison to Industry Standards
- Not applicable. This filing is a disclosure of beneficial ownership, not a performance report that can be compared to industry benchmarks or specific comparable companies/projects.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- No legal proceedings or regulatory matters are disclosed in this filing.
Related Party Transactions
- No related party transactions are disclosed in this filing.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in First Hawaiian, Inc.
- Management: Awareness of a major institutional holder's position.
Next Steps
- Manulife Investment Management Limited has undertaken to furnish additional information to the Commission staff upon request, if it would otherwise be disclosed in a Schedule 13D.
Key Dates
| Date | Description |
|---|---|
| 2018-01-17 | Date of Power of Attorney for Graham Miller, Agent for Manulife Financial Corporation. |
| 2018-01-29 | Date Schedule 13F-NT was filed with the SEC by Manulife Financial Corporation, including the Power of Attorney. |
| 2025-07-31 | Date of shares outstanding calculation for First Hawaiian, Inc. (124,627,544 shares). |
| 2025-08-04 | Date First Hawaiian, Inc. filed its Form 10-Q with the SEC, reporting shares outstanding. |
| 2025-09-30 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-10-22 | Signature date for Manulife Financial Corporation by Graham Miller. |
| 2025-10-23 | Signature date for Manulife Investment Management (US) LLC by Paul M. Donahue. |
| 2025-11-12 | Signature date for Manulife Investment Management Limited by Christopher Walker. |
Keywords
First Hawaiian Inc, Manulife Financial Corporation, Manulife Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Financial Services, Banking
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