Who owns Hallador Energy (HNRG)
Which tracked institutional funds hold HNRG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HNRG 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
53 tracked funds added or opened HNRG while 36 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
HNRG’s largest tracked holder by dollar value, Lubar & Co., Inc, sizes it at 75.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 75.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HNRG 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 169 tracked filers holding HNRG, 88 increased or opened the position and 93 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 HNRG 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 14
- HIGHLAND PEAK CAPITAL, LLC$16M
- Tyro Capital Management LLC$13M
- TUDOR INVESTMENT CORP ET AL$6M
- Kestra Advisory Services, LLC$5M
- KNIGHTSBRIDGE ASSET MANAGEMENT, LLC$5M
- LMR Partners LLP$4M
Full exits 17
- Empyrean Capital Partners, LP$8M
- PRUDENTIAL FINANCIAL INC$4M
- Western Standard LLC$4M
- Steamboat Capital Partners, LLC$3M
- MARSHALL WACE, LLP$2M
- Galaxy Digital Inc.$2M
Largest adds
- BlackRock, Inc.$11M
- MORGAN STANLEY$7M
- Lubar & Co., Inc$6M
- Point72 Asset Management, L.P.$6M
- Dayah Capital LLC$5M
- D. E. Shaw & Co., Inc.$4M
Largest trims
- Apis Capital Advisors, LLC$10M
- AMERIPRISE FINANCIAL INC$8M
- Nuveen, LLC$5M
- VANGUARD PORTFOLIO MANAGEMENT LLC$4M
- CITADEL ADVISORS LLC$3M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$1M
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 |
|---|---|---|---|---|
| Lubar & Co., Inc | 5,452,019 | $95M | 15.2% | 2026-Q2 |
| BlackRock, Inc. added | 2,851,856 | $50M | 7.9% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 2,121,228 | $37M | 5.9% | 2026-Q2 |
| AEGIS FINANCIAL CORP trimmed | 1,812,026 | $32M | 5.0% | 2026-Q2 |
| Orbis Allan Gray Ltd trimmed | 1,695,845 | $29M | 4.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 1,531,550 | $27M | 4.3% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 1,518,138 | $26M | 4.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,043,820 | $18M | 2.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 980,431 | $17M | 2.7% | 2026-Q2 |
| HIGHLAND PEAK CAPITAL, LLC trimmed | 947,219 | $16M | 2.6% | 2026-Q2 |
| Dayah Capital LLC added | 887,236 | $15M | 2.5% | 2026-Q2 |
| STATE STREET CORP added | 780,330 | $14M | 2.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 778,244 | $14M | 2.2% | 2026-Q2 |
| MORGAN STANLEY added | 758,982 | $13M | 2.1% | 2026-Q2 |
| Tyro Capital Management LLC new | 735,471 | $13M | 2.0% | 2026-Q2 |
| GARNET EQUITY CAPITAL HOLDINGS, INC. added | 633,895 | $11M | 1.8% | 2026-Q2 |
| FMR LLC trimmed | 616,268 | $11M | 1.7% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 485,567 | $8M | 1.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 478,277 | $8M | 1.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 417,786 | $7M | 1.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 404,653 | $7M | 1.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 383,587 | $7M | 1.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 370,838 | $6M | 1.0% | 2026-Q2 |
| CenterBook Partners LP trimmed | 340,622 | $6M | 0.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 335,693 | $6M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 331,961 | $6M | 0.9% | 2026-Q2 |
| Value Aligned Research Advisors, LLC | 320,759 | $6M | 0.9% | 2026-Q2 |
| Nuveen, LLC trimmed | 285,931 | $5M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 266,907 | $5M | 0.7% | 2026-Q2 |
| Kestra Advisory Services, LLC added | 265,127 | $5M | 0.7% | 2026-Q2 |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC new | 263,676 | $5M | 0.7% | 2026-Q2 |
| Hudson Bay Capital Management LP trimmed | 262,192 | $5M | 0.7% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 244,220 | $4M | 0.7% | 2026-Q2 |
| UBS Group AG added | 234,974 | $4M | 0.7% | 2026-Q2 |
| LMR Partners LLP new | 226,937 | $4M | 0.6% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 219,855 | $4M | 0.6% | 2026-Q2 |
| Squarepoint Ops LLC added | 215,999 | $4M | 0.6% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 202,042 | $4M | 0.6% | 2026-Q2 |
| Beartown Capital Management, LLC new | 200,000 | $3M | 0.6% | 2026-Q2 |
| Apis Capital Advisors, LLC trimmed | 200,000 | $3M | 0.6% | 2026-Q2 |
| Sourcerock Group LLC added | 183,394 | $3M | 0.5% | 2026-Q2 |
| JB CAPITAL PARTNERS LP | 160,000 | $3M | 0.4% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 153,342 | $3M | 0.4% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 151,037 | $3M | 0.4% | 2026-Q2 |
| GeoSphere Capital Management, LLC added | 150,000 | $3M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 148,629 | $3M | 0.4% | 2026-Q2 |
| Nokomis Capital, L.L.C. | 135,000 | $2M | 0.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 134,153 | $2M | 0.4% | 2026-Q2 |
| HOHIMER WEALTH MANAGEMENT, LLC added | 127,100 | $2M | 0.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 124,599 | $2M | 0.3% | 2026-Q2 |
| Uniplan Investment Counsel, Inc. new | 120,869 | $2M | 0.3% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 111,343 | $2M | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 101,448 | $2M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 96,851 | $2M | 0.3% | 2026-Q2 |
| WEXFORD CAPITAL LP trimmed | 94,568 | $2M | 0.3% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 94,169 | $2M | 0.3% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P added | 83,240 | $1M | 0.2% | 2026-Q2 |
| Pekin Hardy Strauss, Inc. added | 80,500 | $1M | 0.2% | 2026-Q2 |
| Verition Fund Management LLC trimmed | 75,000 | $1M | 0.2% | 2026-Q2 |
| Diametric Capital, LP added | 71,573 | $1M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 70,800 | $1M | 0.2% | 2026-Q2 |
| VARCOV Co. trimmed | 70,760 | $1M | 0.2% | 2026-Q2 |
| BARINGS LLC | 69,239 | $1M | 0.2% | 2026-Q2 |
| Invesco Ltd. added | 60,854 | $1M | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 60,744 | $1M | 0.2% | 2026-Q2 |
| Brevan Howard Capital Management LP added | 59,498 | $1M | 0.2% | 2026-Q2 |
| XTX Topco Ltd added | 55,401 | $963K | 0.2% | 2026-Q2 |
| Cambria Investment Management, L.P. added | 52,800 | $918K | 0.1% | 2026-Q2 |
| SIMPLEX TRADING, LLC trimmed | 52,458 | $912K | 0.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 50,308 | $875K | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd added | 48,032 | $835K | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 43,709 | $760K | 0.1% | 2026-Q2 |
| LEVIN CAPITAL STRATEGIES, L.P. trimmed | 41,208 | $717K | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 40,315 | $701K | 0.1% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC new | 40,096 | $697K | 0.1% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC trimmed | 39,154 | $681K | 0.1% | 2026-Q2 |
| Walleye Trading LLC trimmed | 38,411 | $668K | 0.1% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC trimmed | 36,526 | $635K | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 34,335 | $597K | 0.1% | 2026-Q2 |
| STRS OHIO added | 32,500 | $565K | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 32,193 | $560K | 0.1% | 2026-Q2 |
| Forvis Mazars Wealth Advisors, LLC | 31,501 | $548K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 29,680 | $483K | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 28,984 | $505K | 0.1% | 2026-Q2 |
| IMC-Chicago, LLC added | 27,672 | $481K | 0.1% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 26,232 | $456K | 0.1% | 2026-Q2 |
| Militia Capital Management LLC new | 24,800 | $431K | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP trimmed | 23,634 | $411K | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 23,562 | $410K | 0.1% | 2026-Q2 |
| CORSAIR CAPITAL MANAGEMENT, L.P. trimmed | 22,509 | $391K | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 21,592 | $375K | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 20,840 | $362K | 0.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 19,444 | $338K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 18,846 | $328K | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd trimmed | 18,438 | $321K | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 16,900 | $294K | 0.0% | 2026-Q2 |
| DRW Securities, LLC trimmed | 16,302 | $283K | 0.0% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 16,250 | $283K | 0.0% | 2026-Q2 |
| Bleakley Financial Group, LLC trimmed | 16,046 | $279K | 0.0% | 2026-Q2 |
| FULLER & THALER ASSET MANAGEMENT, INC. trimmed | 15,997 | $278K | 0.0% | 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.