Who owns Health Catalyst, Inc. (HCAT)
Which tracked institutional funds hold HCAT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HCAT company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on HCAT is one-sided between 2025-Q4 and 2026-Q1: 7 added or opened and 33 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HCAT’s largest tracked holder by dollar value, First Light Asset Management, LLC, sizes it at 1.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HCAT divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 131 tracked filers holding HCAT, 70 increased or opened the position and 72 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HCAT between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 4
- VANGUARD CAPITAL MANAGEMENT LLC$4M
- Caption Management, LLC$980K
- VANGUARD PORTFOLIO MANAGEMENT LLC$674K
- VANGUARD FIDUCIARY TRUST CO$563K
Full exits 4
- VANGUARD GROUP INC$11M
- MILLENNIUM MANAGEMENT LLC$3M
- RA CAPITAL MANAGEMENT, L.P.$2M
- Connor, Clark & Lunn Investment Management Ltd.$1M
Largest adds
- HRT FINANCIAL LP$982K
- Palogic Value Management, L.P.$643K
- AQR CAPITAL MANAGEMENT LLC$460K
Largest trims
- First Light Asset Management, LLC$15M
- BlackRock, Inc.$6M
- Whetstone Capital Advisors, LLC$4M
- Impax Asset Management Group plc$3M
- DIMENSIONAL FUND ADVISORS LP$2M
- Nepsis Inc.$2M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| First Light Asset Management, LLC trimmed | 12,878,700 | $16M | 13.4% | 2026-Q1 |
| CDC Financial, Inc. added | 6,307,054 | $8M | 6.5% | 2026-Q1 |
| BlackRock, Inc. trimmed | 5,138,022 | $7M | 5.3% | 2026-Q1 |
| Whetstone Capital Advisors, LLC added | 4,268,141 | $5M | 4.4% | 2026-Q1 |
| Palogic Value Management, L.P. added | 2,896,600 | $4M | 3.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,885,653 | $4M | 3.0% | 2026-Q1 |
| Impax Asset Management Group plc | 2,750,000 | $3M | 2.9% | 2026-Q1 |
| Nepsis Inc. trimmed | 1,876,289 | $2M | 1.9% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 1,501,433 | $2M | 1.6% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,324,849 | $2M | 1.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,234,870 | $2M | 1.3% | 2026-Q1 |
| HighMark Wealth Management LLC added | 903,082 | $1M | 0.9% | 2026-Q1 |
| Caption Management, LLC added | 771,886 | $980K | 0.8% | 2026-Q1 |
| Prescott Group Capital Management, L.L.C. added | 710,803 | $903K | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 677,949 | $800K | 0.7% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 606,858 | $771K | 0.6% | 2026-Q1 |
| HRT FINANCIAL LP added | 554,800 | $704K | 0.6% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 531,014 | $674K | 0.6% | 2026-Q1 |
| MARTIN & CO INC /TN/ added | 526,186 | $668K | 0.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 522,407 | $663K | 0.5% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 509,782 | $647K | 0.5% | 2026-Q1 |
| NORTHERN TRUST CORP added | 493,846 | $627K | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 443,665 | $563K | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 387,172 | $492K | 0.4% | 2026-Q1 |
| Baird Financial Group, Inc. trimmed | 370,309 | $470K | 0.4% | 2026-Q1 |
| FMR LLC added | 367,473 | $467K | 0.4% | 2026-Q1 |
| PRIMECAP MANAGEMENT CO/CA/ | 340,418 | $432K | 0.4% | 2026-Q1 |
| 71 West Capital Partners added | 339,515 | $431K | 0.4% | 2026-Q1 |
| UBS Group AG added | 287,095 | $365K | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp added | 266,653 | $339K | 0.3% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 224,493 | $285K | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 217,069 | $276K | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 184,377 | $234K | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 173,164 | $220K | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 169,327 | $215K | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. | 83,770 | $200K | 0.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 134,180 | $170K | 0.1% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC trimmed | 129,052 | $164K | 0.1% | 2026-Q1 |
| Invesco Ltd. trimmed | 118,130 | $150K | 0.1% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 112,810 | $143K | 0.1% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 113,190 | $142K | 0.1% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 1,989 | $131K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 99,210 | $126K | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 98,868 | $123K | 0.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 95,730 | $122K | 0.1% | 2026-Q1 |
| Creative Planning added | 91,322 | $116K | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 85,596 | $109K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 81,154 | $103K | 0.1% | 2026-Q1 |
| MCF Advisors LLC | 70,000 | $89K | 0.1% | 2026-Q1 |
| Caitong International Asset Management Co., Ltd added | 67,629 | $86K | 0.1% | 2026-Q1 |
| BARCLAYS PLC trimmed | 66,139 | $84K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 4,434,387 | $11M | 8.7% | 2025-Q4 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 2,085,392 | $9M | 7.7% | 2025-Q1 stale |
| Portolan Capital Management, LLC added | 1,980,409 | $7M | 6.1% | 2025-Q2 stale |
| MILLENNIUM MANAGEMENT LLC trimmed | 1,084,843 | $3M | 2.1% | 2025-Q4 stale |
| RA CAPITAL MANAGEMENT, L.P. new | 793,749 | $2M | 1.5% | 2025-Q4 stale |
| AMH Equity Ltd added | 660,000 | $2M | 1.5% | 2025-Q3 stale |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 468,692 | $2M | 1.5% | 2025-Q2 stale |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 581,361 | $1M | 1.1% | 2025-Q4 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 311,455 | $1M | 1.0% | 2025-Q2 stale |
| MOORE CAPITAL MANAGEMENT, LP added | 398,857 | $1M | 0.9% | 2025-Q3 stale |
| Qube Research & Technologies Ltd added | 282,281 | $1M | 0.9% | 2025-Q2 stale |
| Alyeska Investment Group, L.P. | 346,089 | $986K | 0.8% | 2025-Q3 stale |
| FRED ALGER MANAGEMENT, LLC | 308,318 | $879K | 0.7% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC added | 164,250 | $744K | 0.6% | 2025-Q1 stale |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 159,280 | $722K | 0.6% | 2025-Q1 stale |
| WINTON GROUP Ltd added | 170,138 | $641K | 0.5% | 2025-Q2 stale |
| PIER 88 INVESTMENT PARTNERS LLC trimmed | 134,060 | $505K | 0.4% | 2025-Q2 stale |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 106,460 | $482K | 0.4% | 2025-Q1 stale |
| Stonepine Capital Management, LLC added | 155,551 | $443K | 0.4% | 2025-Q3 stale |
| ExodusPoint Capital Management, LP added | 97,117 | $440K | 0.4% | 2025-Q1 stale |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 110,491 | $417K | 0.3% | 2025-Q2 stale |
| Inspire Investing, LLC added | 103,494 | $390K | 0.3% | 2025-Q2 stale |
| Engineers Gate Manager LP added | 99,240 | $374K | 0.3% | 2025-Q2 stale |
| Numerai GP LLC added | 123,241 | $351K | 0.3% | 2025-Q3 stale |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 136,587 | $325K | 0.3% | 2025-Q4 stale |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 129,600 | $310K | 0.3% | 2025-Q4 stale |
| LAZARD ASSET MANAGEMENT LLC trimmed | 81,537 | $307K | 0.3% | 2025-Q2 stale |
| FRANKLIN RESOURCES INC trimmed | 80,973 | $305K | 0.2% | 2025-Q2 stale |
| Petrus Trust Company, LTA trimmed | 73,563 | $277K | 0.2% | 2025-Q2 stale |
| D. E. Shaw & Co., Inc. added | 113,641 | $272K | 0.2% | 2025-Q4 stale |
| TWO SIGMA INVESTMENTS, LP trimmed | 100,097 | $239K | 0.2% | 2025-Q4 stale |
| PRINCIPAL FINANCIAL GROUP INC added | 62,791 | $237K | 0.2% | 2025-Q2 stale |
| CITADEL ADVISORS LLC trimmed | 57,426 | $216K | 0.2% | 2025-Q2 stale |
| ZACKS INVESTMENT MANAGEMENT trimmed | 83,957 | $201K | 0.2% | 2025-Q4 stale |
| CREDIT AGRICOLE S A | 80,100 | $191K | 0.2% | 2025-Q4 stale |
| Dynamic Advisor Solutions LLC added | 48,700 | $184K | 0.1% | 2025-Q2 stale |
| Campbell & CO Investment Adviser LLC added | 43,051 | $162K | 0.1% | 2025-Q2 stale |
| Jump Financial, LLC added | 59,000 | $141K | 0.1% | 2025-Q4 stale |
| ALGERT GLOBAL LLC trimmed | 31,126 | $141K | 0.1% | 2025-Q1 stale |
| Corebridge Financial, Inc. trimmed | 29,317 | $133K | 0.1% | 2025-Q1 stale |
| SageView Advisory Group, LLC added | 55,404 | $132K | 0.1% | 2025-Q4 stale |
| Forest Hill Capital, LLC | 37,000 | $105K | 0.1% | 2025-Q3 stale |
| Nebula Research & Development LLC trimmed | 25,305 | $95K | 0.1% | 2025-Q2 stale |
| Verition Fund Management LLC trimmed | 38,841 | $93K | 0.1% | 2025-Q4 stale |
| Man Group plc trimmed | 24,247 | $91K | 0.1% | 2025-Q2 stale |
| EntryPoint Capital, LLC added | 23,768 | $90K | 0.1% | 2025-Q2 stale |
| Massar Capital Management, LP new | 18,545 | $84K | 0.1% | 2025-Q1 stale |
| Dynamic Technology Lab Private Ltd added | 29,630 | $84K | 0.1% | 2025-Q3 stale |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 21,673 | $82K | 0.1% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.