Who owns Hawaiian Electric Industries, Inc. (HE)
Which tracked institutional funds hold HE, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HE 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
103 tracked funds added or opened HE while 39 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
HE’s largest tracked holder by dollar value, HORIZON KINETICS ASSET MANAGEMENT LLC, sizes it at 3.5% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 3.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HE 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 339 tracked filers holding HE, 201 increased or opened the position and 132 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 HE 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 23
- VANGUARD PORTFOLIO MANAGEMENT LLC$152M
- VANGUARD CAPITAL MANAGEMENT LLC$111M
- VANGUARD FIDUCIARY TRUST CO$17M
- HRT FINANCIAL LP$8M
- Connor, Clark & Lunn Investment Management Ltd.$3M
- JUPITER ASSET MANAGEMENT LTD$3M
Full exits 20
- VANGUARD GROUP INC$221M
- EAGLE GLOBAL ADVISORS LLC$10M
- JANE STREET GROUP, LLC$9M
- JCP Investment Management, LLC$5M
- Yaupon Capital Management LP$5M
- Balyasny Asset Management L.P.$3M
Largest adds
- HORIZON KINETICS ASSET MANAGEMENT LLC$83M
- T. Rowe Price Investment Management, Inc.$60M
- BANK OF AMERICA CORP /DE/$25M
- Invesco Ltd.$19M
- STATE STREET CORP$15M
- Quantinno Capital Management LP$12M
Largest trims
- BlackRock, Inc.$75M
- UBS Group AG$22M
- Assenagon Asset Management S.A.$9M
- Allianz Asset Management GmbH$6M
- MORGAN STANLEY$5M
- BARCLAYS PLC$3M
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 |
|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC added | 21,635,294 | $321M | 14.6% | 2026-Q1 |
| BlackRock, Inc. trimmed | 18,266,469 | $271M | 12.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 10,260,660 | $152M | 6.9% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 7,454,352 | $111M | 5.0% | 2026-Q1 |
| STATE STREET CORP trimmed | 6,816,761 | $101M | 4.6% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 6,210,087 | $92M | 4.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 4,087,331 | $61M | 2.8% | 2026-Q1 |
| Quantinno Capital Management LP added | 3,512,517 | $52M | 2.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 3,343,612 | $50M | 2.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 2,734,135 | $41M | 1.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,655,180 | $39M | 1.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,563,708 | $38M | 1.7% | 2026-Q1 |
| Invesco Ltd. added | 1,863,318 | $28M | 1.3% | 2026-Q1 |
| 12 West Capital Management LP trimmed | 1,800,000 | $27M | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,624,732 | $24M | 1.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 1,514,303 | $22M | 1.0% | 2026-Q1 |
| MAD RIVER INVESTORS added | 1,317,050 | $20M | 0.9% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 1,290,105 | $19M | 0.9% | 2026-Q1 |
| Nuveen, LLC added | 1,148,031 | $17M | 0.8% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 1,112,339 | $17M | 0.8% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 1,105,634 | $16M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,085,722 | $16M | 0.7% | 2026-Q1 |
| UBS Group AG trimmed | 1,005,962 | $15M | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 1,000,905 | $15M | 0.7% | 2026-Q1 |
| CONGRESS ASSET MANAGEMENT CO added | 989,335 | $15M | 0.7% | 2026-Q1 |
| SEI INVESTMENTS CO added | 824,270 | $12M | 0.6% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 663,200 | $10M | 0.4% | 2026-Q1 |
| Legal & General Group Plc trimmed | 644,767 | $10M | 0.4% | 2026-Q1 |
| Public Sector Pension Investment Board added | 617,544 | $9M | 0.4% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 543,985 | $8M | 0.4% | 2026-Q1 |
| Moors & Cabot, Inc. added | 528,206 | $8M | 0.4% | 2026-Q1 |
| PDT Partners, LLC added | 511,975 | $8M | 0.3% | 2026-Q1 |
| CSM Advisors, LLC trimmed | 507,388 | $8M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 493,186 | $7M | 0.3% | 2026-Q1 |
| CITIGROUP INC trimmed | 472,806 | $7M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 465,640 | $7M | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 454,532 | $7M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 400,442 | $6M | 0.3% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 385,931 | $6M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 373,758 | $6M | 0.3% | 2026-Q1 |
| EagleClaw Capital Managment, LLC added | 370,650 | $6M | 0.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP trimmed | 358,281 | $5M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 354,338 | $5M | 0.2% | 2026-Q1 |
| GABELLI FUNDS LLC trimmed | 341,700 | $5M | 0.2% | 2026-Q1 |
| Swiss National Bank | 340,300 | $5M | 0.2% | 2026-Q1 |
| Corient Private Wealth LLC added | 346,105 | $5M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 390,728 | $5M | 0.2% | 2026-Q1 |
| Jefferies Financial Group Inc. added | 318,100 | $5M | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 313,689 | $5M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 301,769 | $4M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 297,518 | $4M | 0.2% | 2026-Q1 |
| Allianz Asset Management GmbH trimmed | 296,279 | $4M | 0.2% | 2026-Q1 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS trimmed | 292,287 | $4M | 0.2% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 291,852 | $4M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 286,132 | $4M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 285,453 | $4M | 0.2% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 280,306 | $4M | 0.2% | 2026-Q1 |
| Quantbot Technologies LP added | 245,538 | $4M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 220,212 | $3M | 0.1% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 206,936 | $3M | 0.1% | 2026-Q1 |
| Sagefield Capital LP trimmed | 205,809 | $3M | 0.1% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 205,726 | $3M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 205,094 | $3M | 0.1% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 201,450 | $3M | 0.1% | 2026-Q1 |
| RBF Capital, LLC trimmed | 200,000 | $3M | 0.1% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD trimmed | 198,018 | $3M | 0.1% | 2026-Q1 |
| Lesa Sroufe & Co added | 193,981 | $3M | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC added | 190,950 | $3M | 0.1% | 2026-Q1 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM added | 189,801 | $3M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 188,827 | $3M | 0.1% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 177,186 | $3M | 0.1% | 2026-Q1 |
| GAMCO INVESTORS, INC. ET AL added | 174,509 | $3M | 0.1% | 2026-Q1 |
| MSRH, LLC added | 167,460 | $2M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 165,562 | $2M | 0.1% | 2026-Q1 |
| MACQUARIE GROUP LTD added | 156,401 | $2M | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 152,004 | $2M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 17,984,787 | $221M | 10.1% | 2025-Q4 stale |
| Zimmer Partners, LP trimmed | 3,825,214 | $41M | 1.9% | 2025-Q2 stale |
| Burkehill Global Management, LP trimmed | 1,000,000 | $11M | 0.5% | 2025-Q1 stale |
| EAGLE GLOBAL ADVISORS LLC trimmed | 799,640 | $10M | 0.4% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 697,280 | $9M | 0.4% | 2025-Q4 stale |
| Foundry Partners, LLC new | 630,589 | $7M | 0.3% | 2025-Q1 stale |
| MANGROVE PARTNERS IM, LLC | 619,000 | $7M | 0.3% | 2025-Q2 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 557,127 | $6M | 0.3% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC added | 494,209 | $5M | 0.2% | 2025-Q2 stale |
| JCP Investment Management, LLC added | 425,000 | $5M | 0.2% | 2025-Q4 stale |
| Yaupon Capital Management LP new | 413,497 | $5M | 0.2% | 2025-Q4 stale |
| Hudson Bay Capital Management LP added | 400,597 | $4M | 0.2% | 2025-Q2 stale |
| Trexquant Investment LP added | 324,158 | $4M | 0.2% | 2025-Q1 stale |
| Balyasny Asset Management L.P. added | 269,338 | $3M | 0.2% | 2025-Q4 stale |
| Jump Financial, LLC trimmed | 245,200 | $3M | 0.1% | 2025-Q4 stale |
| Verition Fund Management LLC added | 243,719 | $3M | 0.1% | 2025-Q4 stale |
| Ghisallo Capital Management LLC | 250,000 | $3M | 0.1% | 2025-Q3 stale |
| Strategic Planning, Inc. trimmed | 233,877 | $2M | 0.1% | 2025-Q2 stale |
| Alaska Permanent Fund Corp | 231,977 | $2M | 0.1% | 2025-Q1 stale |
| NORGES BANK trimmed | 213,200 | $2M | 0.1% | 2025-Q1 stale |
| CW Advisors, LLC added | 222,916 | $2M | 0.1% | 2025-Q2 stale |
| DARK FOREST CAPITAL MANAGEMENT LP added | 214,310 | $2M | 0.1% | 2025-Q3 stale |
| PANAGORA ASSET MANAGEMENT INC added | 214,155 | $2M | 0.1% | 2025-Q3 stale |
| Y-Intercept (Hong Kong) Ltd added | 204,200 | $2M | 0.1% | 2025-Q3 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.