Who owns HERZ
Which tracked institutional funds hold HERZ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HERZ company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-15). 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 HERZ is one-sided between 2025-Q4 and 2026-Q1: 1 added or opened and 3 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
HERZ’s largest tracked holder by dollar value, Thomas J. Herzfeld Advisors, Inc., sizes it at 4.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HERZ 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 12 tracked filers holding HERZ, 2 increased or opened the position and 15 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 HERZ 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 1
- CSS LLC/IL$741K
Largest trims
- ENVESTNET ASSET MANAGEMENT INC$927K
- Thomas J. Herzfeld Advisors, Inc.$457K
- CHOREO, LLC$401K
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 |
|---|---|---|---|---|
| Thomas J. Herzfeld Advisors, Inc. trimmed | 807,215 | $13M | 66.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 251,029 | $4M | 20.7% | 2026-Q1 |
| CSS LLC/IL added | 47,796 | $741K | 3.9% | 2026-Q1 |
| CHOREO, LLC trimmed | 45,550 | $709K | 3.8% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 4,396 | $68K | 0.4% | 2026-Q1 |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC trimmed | 4,307 | $67K | 0.4% | 2026-Q1 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC trimmed | 4,042 | $64K | 0.3% | 2026-Q1 |
| MORGAN STANLEY trimmed | 2,614 | $41K | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 1,082 | $17K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 510 | $8K | 0.0% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 52 | $822 | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 27 | $419 | 0.0% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. trimmed | 63,373 | $160K | 0.8% | 2025-Q2 stale |
| Hunting Hill Global Capital, LLC trimmed | 40,401 | $90K | 0.5% | 2025-Q4 stale |
| AVANTAX ADVISORY SERVICES, INC. added | 26,519 | $67K | 0.4% | 2025-Q2 stale |
| Corient Private Wealth LLC added | 27,619 | $61K | 0.3% | 2025-Q4 stale |
| Cetera Investment Advisers new | 24,598 | $55K | 0.3% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 21,605 | $51K | 0.3% | 2025-Q3 stale |
| Virtu Financial LLC added | 19,360 | $46K | 0.2% | 2025-Q3 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 18,869 | $45K | 0.2% | 2025-Q3 stale |
| XTX Topco Ltd new | 15,982 | $42K | 0.2% | 2025-Q1 stale |
| Bulldog Investors, LLP trimmed | 17,573 | $42K | 0.2% | 2025-Q3 stale |
| CITADEL ADVISORS LLC trimmed | 14,847 | $35K | 0.2% | 2025-Q3 stale |
| Kestra Advisory Services, LLC | 10,563 | $23K | 0.1% | 2025-Q4 stale |
| UBS Group AG added | 2,325 | $6K | 0.0% | 2025-Q3 stale |
| BANK OF AMERICA CORP /DE/ added | 186 | $470 | 0.0% | 2025-Q2 stale |
| WELLS FARGO & COMPANY/MN | 1 | $2 | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 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.