Who owns HEPS
Which tracked institutional funds hold HEPS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HEPS company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
4 tracked funds added or opened HEPS while 3 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
HEPS’s largest tracked holder by dollar value, VR Advisory Services Ltd, sizes it at 5.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HEPS 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 31 tracked filers holding HEPS, 13 increased or opened the position and 19 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 HEPS 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 1
- 683 Capital Management, LLC$1M
Full exits 1
- BlackRock, Inc.$7M
Largest adds
- VR Advisory Services Ltd$13M
- STATE STREET CORP$640K
- MORGAN STANLEY$355K
Largest trims
- GAM Holding AG$486K
- GEODE CAPITAL MANAGEMENT, LLC$261K
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 |
|---|---|---|---|---|
| VR Advisory Services Ltd added | 19,390,670 | $56M | 40.8% | 2026-Q2 |
| STATE STREET CORP trimmed | 2,324,732 | $7M | 4.9% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 838,216 | $2M | 1.8% | 2026-Q2 |
| UBS Group AG trimmed | 788,151 | $2M | 1.7% | 2026-Q2 |
| MORGAN STANLEY added | 592,476 | $2M | 1.2% | 2026-Q2 |
| 683 Capital Management, LLC new | 500,000 | $1M | 1.1% | 2026-Q2 |
| Rangeley Capital, LLC | 200,000 | $582K | 0.4% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 159,800 | $465K | 0.3% | 2026-Q2 |
| GAM Holding AG trimmed | 130,000 | $378K | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 120,372 | $350K | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 69,840 | $203K | 0.1% | 2026-Q2 |
| Aberdeen Group plc trimmed | 68,535 | $199K | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC trimmed | 68,025 | $198K | 0.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 66,663 | $194K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 33,941 | $99K | 0.1% | 2026-Q2 |
| GAMMA Investing LLC added | 31,339 | $91K | 0.1% | 2026-Q2 |
| JBF Capital, Inc. | 30,949 | $90K | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 29,612 | $86K | 0.1% | 2026-Q2 |
| Capricorn Fund Managers Ltd | 29,185 | $85K | 0.1% | 2026-Q2 |
| AXQ CAPITAL, LP new | 17,267 | $50K | 0.0% | 2026-Q2 |
| NORTHERN TRUST CORP added | 17,258 | $50K | 0.0% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 14,226 | $41K | 0.0% | 2026-Q2 |
| FMR LLC trimmed | 14,040 | $41K | 0.0% | 2026-Q2 |
| Vident Advisory, LLC trimmed | 12,591 | $37K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 4,340 | $13K | 0.0% | 2026-Q2 |
| BARCLAYS PLC new | 3,978 | $12K | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 1,138 | $3K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP | 200 | $580 | 0.0% | 2026-Q2 |
| Arax Advisory Partners new | 63 | $183 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 13 | $38 | 0.0% | 2026-Q2 |
| Quarry LP new | 4 | $12 | 0.0% | 2026-Q2 |
| BlackRock, Inc. trimmed | 2,747,500 | $7M | 5.2% | 2026-Q1 stale (1 quarter behind) |
| XTX Topco Ltd added | 71,283 | $187K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC added | 61,029 | $160K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| IEQ CAPITAL, LLC trimmed | 10,284 | $27K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| TWIN PEAKS WEALTH ADVISORS, LLC new | 677 | $2K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC new | 42 | $110 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Hosking Partners LLP trimmed | 3,646,033 | $9M | 6.5% | 2025-Q4 stale (2 quarters behind) |
| GSA CAPITAL PARTNERS LLP added | 308,126 | $764K | 0.6% | 2025-Q4 stale (2 quarters behind) |
| ABS Direct Equity Fund LLC | 185,300 | $460K | 0.3% | 2025-Q4 stale (2 quarters behind) |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 136,461 | $338K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 80,338 | $217K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 75,480 | $187K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| TWO SIGMA ADVISERS, LP trimmed | 22,600 | $56K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Graham Capital Management, L.P. new | 21,995 | $55K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ new | 65 | $161 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Rossby Financial, LCC | 11 | $27 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP added | 6,305,000 | $17M | 12.3% | 2025-Q3 stale (3 quarters behind) |
| Luxor Capital Group, LP added | 3,912,903 | $11M | 7.6% | 2025-Q3 stale (3 quarters behind) |
| Tekne Capital Management, LLC trimmed | 1,611,112 | $4M | 3.1% | 2025-Q3 stale (3 quarters behind) |
| BIT Capital GmbH trimmed | 1,538,011 | $4M | 3.0% | 2025-Q3 stale (3 quarters behind) |
| Marex Group plc | 742,707 | $2M | 1.4% | 2025-Q3 stale (3 quarters behind) |
| MACQUARIE GROUP LTD trimmed | 183,924 | $495K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 118,188 | $318K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| NewEdge Advisors, LLC trimmed | 37,687 | $101K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| GOLDMAN SACHS GROUP INC added | 32,489 | $87K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Cubist Systematic Strategies, LLC trimmed | 24,292 | $65K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| EverSource Wealth Advisors, LLC trimmed | 912 | $2K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| SJS Investment Consulting Inc. | 436 | $1K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Point72 (DIFC) Ltd new | 247 | $664 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,710,733 | $5M | 3.3% | 2025-Q2 stale (4 quarters behind) |
| Itau Unibanco Holding S.A. trimmed | 166,330 | $449K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Baader Bank Aktiengesellschaft added | 164,574 | $444K | 0.3% | 2025-Q2 stale (4 quarters behind) |
| POLEN CAPITAL MANAGEMENT LLC new | 114,817 | $310K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| BOSUN ASSET MANAGEMENT, LLC trimmed | 114,817 | $310K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| CANTOR FITZGERALD, L. P. | 32,200 | $87K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added | 6,000 | $16K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| Ameritas Advisory Services, LLC new | 30 | $82 | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.