Who owns HL (HL)
Which tracked institutional funds hold HL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HL company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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
127 tracked funds added or opened HL while 141 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
HL’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HL 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 553 tracked filers holding HL, 338 increased or opened the position and 258 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
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 HL 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 47
- VANGUARD PORTFOLIO MANAGEMENT LLC$589M
- VANGUARD CAPITAL MANAGEMENT LLC$539M
- VANGUARD FIDUCIARY TRUST CO$82M
- RENAISSANCE TECHNOLOGIES LLC$73M
- California Public Employees Retirement System$24M
- VANGUARD ASSET MANAGEMENT, Ltd$11M
Full exits 40
- VANGUARD GROUP INC$1.2B
- Artemis Investment Management LLP$45M
- Rokos Capital Management LLP$18M
- SG Americas Securities, LLC$11M
- Woodline Partners LP$10M
- Qube Research & Technologies Ltd$9M
Largest adds
- Invesco Ltd.$150M
- D. E. Shaw & Co., Inc.$119M
- TWO SIGMA INVESTMENTS, LP$71M
- MILLENNIUM MANAGEMENT LLC$41M
- TUDOR INVESTMENT CORP ET AL$33M
- GEODE CAPITAL MANAGEMENT, LLC$31M
Largest trims
- BlackRock, Inc.$177M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$126M
- Tidal Investments LLC$99M
- DIMENSIONAL FUND ADVISORS LP$97M
- VAN ECK ASSOCIATES CORP$94M
- GOLDMAN SACHS GROUP INC$63M
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 |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 80,359,181 | $1.5B | 15.6% | 2026-Q1 |
| STATE STREET CORP added | 33,386,594 | $622M | 6.5% | 2026-Q1 |
| VAN ECK ASSOCIATES CORP trimmed | 33,120,490 | $617M | 6.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 31,608,659 | $589M | 6.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 28,924,998 | $539M | 5.6% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 20,617,157 | $384M | 4.0% | 2026-Q1 |
| Tidal Investments LLC trimmed | 19,660,325 | $366M | 3.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 18,782,689 | $350M | 3.6% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 12,608,301 | $235M | 2.4% | 2026-Q1 |
| Invesco Ltd. added | 12,525,907 | $233M | 2.4% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 10,057,890 | $187M | 2.0% | 2026-Q1 |
| NORTHERN TRUST CORP added | 8,369,520 | $156M | 1.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 8,325,873 | $155M | 1.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 6,794,533 | $127M | 1.3% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 6,357,293 | $118M | 1.2% | 2026-Q1 |
| JUPITER ASSET MANAGEMENT LTD added | 5,813,604 | $108M | 1.1% | 2026-Q1 |
| Bank of New York Mellon Corp added | 4,689,144 | $87M | 0.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 4,413,245 | $82M | 0.9% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 4,375,068 | $82M | 0.8% | 2026-Q1 |
| Nuveen, LLC added | 4,105,162 | $76M | 0.8% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 3,972,306 | $74M | 0.8% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 3,900,100 | $73M | 0.8% | 2026-Q1 |
| Ninety One UK Ltd trimmed | 3,705,002 | $69M | 0.7% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 3,174,974 | $59M | 0.6% | 2026-Q1 |
| FMR LLC trimmed | 2,831,494 | $53M | 0.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 2,817,814 | $52M | 0.5% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 2,967,830 | $51M | 0.5% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 2,491,934 | $46M | 0.5% | 2026-Q1 |
| UBS Group AG added | 2,453,264 | $46M | 0.5% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 2,208,142 | $41M | 0.4% | 2026-Q1 |
| CITIGROUP INC added | 2,112,015 | $39M | 0.4% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 2,085,290 | $39M | 0.4% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 1,921,920 | $36M | 0.4% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 1,854,268 | $35M | 0.4% | 2026-Q1 |
| Squarepoint Ops LLC added | 1,715,967 | $32M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 1,657,500 | $30M | 0.3% | 2026-Q1 |
| Amundi trimmed | 1,583,332 | $29M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 1,485,670 | $29M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 1,514,882 | $28M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 1,442,859 | $27M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,338,216 | $25M | 0.3% | 2026-Q1 |
| Swiss National Bank added | 1,326,062 | $25M | 0.3% | 2026-Q1 |
| BARCLAYS PLC trimmed | 1,325,601 | $25M | 0.3% | 2026-Q1 |
| CAPITAL FUND MANAGEMENT S.A. added | 1,295,275 | $24M | 0.3% | 2026-Q1 |
| California Public Employees Retirement System added | 1,289,745 | $24M | 0.3% | 2026-Q1 |
| Man Group plc added | 1,274,806 | $24M | 0.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,125,792 | $21M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 1,116,297 | $21M | 0.2% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 1,045,353 | $19M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 937,212 | $17M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 924,069 | $17M | 0.2% | 2026-Q1 |
| Retirement Systems of Alabama added | 821,506 | $15M | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 818,528 | $15M | 0.2% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 814,208 | $15M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 775,862 | $14M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 773,309 | $14M | 0.1% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main trimmed | 711,155 | $13M | 0.1% | 2026-Q1 |
| IMC-Chicago, LLC added | 709,992 | $13M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 707,689 | $13M | 0.1% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 664,439 | $12M | 0.1% | 2026-Q1 |
| FEDERATED HERMES, INC. added | 647,886 | $12M | 0.1% | 2026-Q1 |
| Jump Financial, LLC added | 640,836 | $12M | 0.1% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC added | 637,533 | $12M | 0.1% | 2026-Q1 |
| BESSEMER GROUP INC trimmed | 600,901 | $11M | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 594,701 | $11M | 0.1% | 2026-Q1 |
| Raiffeisen Bank International AG new | 639,991 | $11M | 0.1% | 2026-Q1 |
| ALPS ADVISORS INC added | 586,605 | $11M | 0.1% | 2026-Q1 |
| Walleye Capital LLC added | 576,463 | $11M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM added | 562,106 | $10M | 0.1% | 2026-Q1 |
| Entropy Technologies, LP added | 555,425 | $10M | 0.1% | 2026-Q1 |
| CI INVESTMENTS INC. new | 538,886 | $10M | 0.1% | 2026-Q1 |
| EverSource Wealth Advisors, LLC added | 230,204 | $10M | 0.1% | 2026-Q1 |
| HATCH COVE CAPITAL, LLC trimmed | 529,600 | $10M | 0.1% | 2026-Q1 |
| GROUP ONE TRADING LLC trimmed | 528,145 | $10M | 0.1% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 525,219 | $10M | 0.1% | 2026-Q1 |
| Public Sector Pension Investment Board trimmed | 498,000 | $9M | 0.1% | 2026-Q1 |
| First Eagle Investment Management, LLC trimmed | 487,500 | $9M | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC trimmed | 482,962 | $9M | 0.1% | 2026-Q1 |
| Bridgewater Associates, LP added | 480,978 | $9M | 0.1% | 2026-Q1 |
| Empowered Funds, LLC trimmed | 464,495 | $9M | 0.1% | 2026-Q1 |
| Weiss Asset Management LP trimmed | 458,020 | $9M | 0.1% | 2026-Q1 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 448,589 | $8M | 0.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 420,936 | $8M | 0.1% | 2026-Q1 |
| Steadtrust LLC trimmed | 408,680 | $8M | 0.1% | 2026-Q1 |
| LPL Financial LLC added | 386,434 | $7M | 0.1% | 2026-Q1 |
| B. Riley Wealth Advisors, Inc. added | 407,041 | $7M | 0.1% | 2026-Q1 |
| FORA Capital, LLC added | 375,434 | $7M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 64,608,389 | $1.2B | 12.9% | 2025-Q4 stale |
| Artemis Investment Management LLP trimmed | 2,330,841 | $45M | 0.5% | 2025-Q4 stale |
| Pale Fire Capital SE | 7,438,818 | $45M | 0.5% | 2025-Q2 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 3,124,520 | $38M | 0.4% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC trimmed | 1,582,592 | $19M | 0.2% | 2025-Q3 stale |
| Rokos Capital Management LLP new | 951,232 | $18M | 0.2% | 2025-Q4 stale |
| BALYASNY ASSET MANAGEMENT L.P. added | 2,431,420 | $15M | 0.2% | 2025-Q2 stale |
| FRONTIER CAPITAL MANAGEMENT CO LLC trimmed | 2,029,623 | $12M | 0.1% | 2025-Q2 stale |
| NATIONAL BANK OF CANADA /FI/ trimmed | 923,135 | $11M | 0.1% | 2025-Q3 stale |
| SG Americas Securities, LLC added | 565,059 | $11M | 0.1% | 2025-Q4 stale |
| Woodline Partners LP new | 504,158 | $10M | 0.1% | 2025-Q4 stale |
| Qube Research & Technologies Ltd trimmed | 473,580 | $9M | 0.1% | 2025-Q4 stale |
| Informed Momentum Co LLC trimmed | 374,547 | $7M | 0.1% | 2025-Q4 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.