Who owns HDEF
Which tracked institutional funds hold HDEF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HDEF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
16 tracked funds added or opened HDEF while 24 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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
HDEF’s largest tracked holder by dollar value, CHARLES SCHWAB INVESTMENT MANAGEMENT INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HDEF 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 2026-Q1 and 2026-Q2, across 132 tracked filers holding HDEF, 66 increased or opened the position and 63 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 HDEF between the 2026-Q1 and 2026-Q2 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 2
- CITADEL ADVISORS LLC$2M
- Coppell Advisory Solutions LLC$2M
Full exits 9
- TSFG, LLC$18M
- Janney Montgomery Scott LLC$12M
- White Pine Investment CO$8M
- JANE STREET GROUP, LLC$7M
- HighTower Advisors, LLC$5M
- SSI INVESTMENT MANAGEMENT LLC$3M
Largest adds
- MORGAN STANLEY$48M
- COLDSTREAM CAPITAL MANAGEMENT INC$3M
- Larson Financial Group LLC$3M
- BANK OF AMERICA CORP /DE/$2M
- NICOLET BANKSHARES INC$911K
- RiverFront Investment Group, LLC$655K
Largest trims
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$67M
- WCG Wealth Advisors LLC$7M
- Allworth Financial LP$5M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$3M
- ROYAL BANK OF CANADA$1M
- MERCER GLOBAL ADVISORS INC /ADV$835K
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 23,761,393 | $764M | 53.6% | 2026-Q2 |
| MORGAN STANLEY added | 2,835,059 | $91M | 6.4% | 2026-Q2 |
| Allworth Financial LP trimmed | 1,769,198 | $57M | 4.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 1,424,752 | $46M | 3.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,242,881 | $40M | 2.8% | 2026-Q2 |
| WCG Wealth Advisors LLC trimmed | 1,136,736 | $37M | 2.6% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 1,015,884 | $33M | 2.3% | 2026-Q2 |
| Geneos Wealth Management Inc. added | 1,006,549 | $32M | 2.3% | 2026-Q2 |
| LPL Financial LLC trimmed | 952,348 | $31M | 2.2% | 2026-Q2 |
| UBS Group AG trimmed | 635,354 | $20M | 1.4% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 613,126 | $20M | 1.4% | 2026-Q2 |
| Allen Investment Management, LLC | 596,285 | $19M | 1.3% | 2026-Q2 |
| COLDSTREAM CAPITAL MANAGEMENT INC added | 583,660 | $19M | 1.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 532,574 | $17M | 1.2% | 2026-Q2 |
| Columbus Macro, LLC trimmed | 402,360 | $13M | 0.9% | 2026-Q2 |
| RiverFront Investment Group, LLC added | 392,423 | $13M | 0.9% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 381,715 | $12M | 0.9% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 371,777 | $12M | 0.8% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 348,223 | $11M | 0.8% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 330,212 | $11M | 0.7% | 2026-Q2 |
| Valmark Advisers, Inc. added | 330,063 | $11M | 0.7% | 2026-Q2 |
| ETF Portfolio Partners, Inc. added | 302,668 | $10M | 0.7% | 2026-Q2 |
| Orion Porfolio Solutions, LLC trimmed | 297,930 | $10M | 0.7% | 2026-Q2 |
| ASSETMARK, INC trimmed | 197,077 | $6M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 189,021 | $6M | 0.4% | 2026-Q2 |
| Aprio Wealth Management, LLC added | 183,752 | $6M | 0.4% | 2026-Q2 |
| NICOLET BANKSHARES INC added | 150,453 | $5M | 0.3% | 2026-Q2 |
| Paller Financial Services Inc trimmed | 136,113 | $4M | 0.3% | 2026-Q2 |
| SWS Partners added | 125,266 | $4M | 0.3% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 125,033 | $4M | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 101,610 | $3M | 0.2% | 2026-Q2 |
| Indivisible Partners trimmed | 100,648 | $3M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 100,451 | $3M | 0.2% | 2026-Q2 |
| Larson Financial Group LLC added | 99,033 | $3M | 0.2% | 2026-Q2 |
| REGIONS FINANCIAL CORP added | 96,818 | $3M | 0.2% | 2026-Q2 |
| Dynamic Advisor Solutions LLC added | 74,970 | $2M | 0.2% | 2026-Q2 |
| Tradition Wealth Management, LLC trimmed | 65,661 | $2M | 0.1% | 2026-Q2 |
| Creative Planning added | 63,914 | $2M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 55,899 | $2M | 0.1% | 2026-Q2 |
| INVESTMENT PARTNERS, LTD. trimmed | 51,942 | $2M | 0.1% | 2026-Q2 |
| SHEPHERD KAPLAN KROCHUK, LLC trimmed | 51,877 | $2M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 41,650 | $1M | 0.1% | 2026-Q2 |
| AlphaCore Capital LLC | 37,667 | $1M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 37,391 | $1M | 0.1% | 2026-Q2 |
| Mutual Advisors, LLC added | 36,750 | $1M | 0.1% | 2026-Q2 |
| World Investment Advisors | 35,722 | $1M | 0.1% | 2026-Q2 |
| IFP Advisors, Inc added | 34,597 | $1M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 33,442 | $1M | 0.1% | 2026-Q2 |
| MAI Capital Management added | 32,653 | $1M | 0.1% | 2026-Q2 |
| FMR LLC added | 32,428 | $1M | 0.1% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 31,875 | $1M | 0.1% | 2026-Q2 |
| 5T Wealth, LLC added | 31,511 | $1M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 31,457 | $1M | 0.1% | 2026-Q2 |
| Orgel Wealth Management, LLC added | 29,766 | $957K | 0.1% | 2026-Q2 |
| FIFTH THIRD BANCORP added | 28,702 | $922K | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 27,198 | $874K | 0.1% | 2026-Q2 |
| GLENMEDE TRUST CO NA | 23,900 | $768K | 0.1% | 2026-Q2 |
| GDS Wealth Management added | 22,826 | $734K | 0.1% | 2026-Q2 |
| KAVAR CAPITAL PARTNERS GROUP, LLC | 21,026 | $676K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 20,746 | $667K | 0.0% | 2026-Q2 |
| Austin Wealth Management, LLC added | 20,239 | $674K | 0.0% | 2026-Q2 |
| NorthCrest Asset Manangement, LLC trimmed | 19,628 | $641K | 0.0% | 2026-Q2 |
| Crescent Grove Advisors, LLC trimmed | 18,116 | $582K | 0.0% | 2026-Q2 |
| WETZEL INVESTMENT ADVISORS, INC. trimmed | 17,716 | $569K | 0.0% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 15,663 | $503K | 0.0% | 2026-Q2 |
| PERSPECTIVE WEALTH ADVISORS LLC added | 15,270 | $491K | 0.0% | 2026-Q2 |
| Focus Partners Wealth added | 14,238 | $458K | 0.0% | 2026-Q2 |
| Corient Private Wealth LP added | 13,640 | $438K | 0.0% | 2026-Q2 |
| FOCUSED ALPHA, LLC added | 13,491 | $434K | 0.0% | 2026-Q2 |
| Sequoia Financial Advisors, LLC trimmed | 12,540 | $403K | 0.0% | 2026-Q2 |
| Headland Capital, LLC | 12,090 | $389K | 0.0% | 2026-Q2 |
| Wealthspire Advisors, LLC new | 11,644 | $374K | 0.0% | 2026-Q2 |
| DeLarme Wealth Management, Inc. trimmed | 11,481 | $369K | 0.0% | 2026-Q2 |
| REDW Wealth LLC | 11,070 | $356K | 0.0% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 10,859 | $349K | 0.0% | 2026-Q2 |
| Robertson Stephens Wealth Management, LLC | 10,655 | $342K | 0.0% | 2026-Q2 |
| Quantinno Capital Management LP added | 10,622 | $341K | 0.0% | 2026-Q2 |
| HB Wealth Management, LLC | 10,523 | $338K | 0.0% | 2026-Q2 |
| ENTREWEALTH, LLC added | 10,423 | $353K | 0.0% | 2026-Q2 |
| Patten Group, Inc. trimmed | 10,342 | $332K | 0.0% | 2026-Q2 |
| Essex Financial Services, Inc. | 10,340 | $332K | 0.0% | 2026-Q2 |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management trimmed | 9,935 | $319K | 0.0% | 2026-Q2 |
| BRIGHTON JONES LLC added | 9,837 | $316K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 9,521 | $306K | 0.0% | 2026-Q2 |
| Bernicke Wealth Management, Ltd. | 8,667 | $279K | 0.0% | 2026-Q2 |
| Signal Advisors Wealth, LLC | 8,130 | $261K | 0.0% | 2026-Q2 |
| MARIPAU WEALTH MANAGEMENT LLC | 8,130 | $261K | 0.0% | 2026-Q2 |
| Private Wealth Group, LLC | 7,739 | $249K | 0.0% | 2026-Q2 |
| Sovran Advisors, LLC trimmed | 6,661 | $226K | 0.0% | 2026-Q2 |
| Capital Investment Advisors, LLC trimmed | 6,408 | $206K | 0.0% | 2026-Q2 |
| KWB Wealth new | 6,322 | $203K | 0.0% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 5,933 | $191K | 0.0% | 2026-Q2 |
| WHITTIER TRUST CO | 5,814 | $190K | 0.0% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 5,746 | $185K | 0.0% | 2026-Q2 |
| EP Wealth Advisors, LLC trimmed | 5,648 | $182K | 0.0% | 2026-Q2 |
| Wealth Enhancement Trust Services, Inc. trimmed | 5,635 | $175K | 0.0% | 2026-Q2 |
| Lodestone Wealth Management LLC | 5,321 | $171K | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. | 5,302 | $170K | 0.0% | 2026-Q2 |
| PRIVATE TRUST CO NA added | 4,392 | $141K | 0.0% | 2026-Q2 |
| Coppell Advisory Solutions LLC new | 211 | $2M | 0.1% | 2026-Q2 |
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.