Who owns HQY (HQY)
Which tracked institutional funds hold HQY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HQY 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
95 tracked funds added or opened HQY while 183 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
HQY’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 gap the other way — the median holder sizes HQY more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in HQY 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 485 tracked filers holding HQY, 259 increased or opened the position and 287 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 HQY 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 40
- VANGUARD PORTFOLIO MANAGEMENT LLC$348M
- VANGUARD CAPITAL MANAGEMENT LLC$320M
- Park West Asset Management LLC$52M
- VANGUARD FIDUCIARY TRUST CO$50M
- CIBC Bancorp USA Inc.$27M
- Squarepoint Ops LLC$15M
Full exits 47
- VANGUARD GROUP INC$782M
- CIBC Private Wealth Group LLC$25M
- Pacer Advisors, Inc.$22M
- BOONE CAPITAL MANAGEMENT LLC$19M
- Point72 Asset Management, L.P.$17M
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$14M
Largest adds
- MORGAN STANLEY$72M
- DAVENPORT & Co LLC$48M
- BALYASNY ASSET MANAGEMENT L.P.$44M
- Swedbank AB$19M
- CADIAN CAPITAL MANAGEMENT, LP$18M
- BANK OF AMERICA CORP /DE/$17M
Largest trims
- BlackRock, Inc.$242M
- WESTFIELD CAPITAL MANAGEMENT CO LP$119M
- FMR LLC$94M
- PRICE T ROWE ASSOCIATES INC /MD/$54M
- Invesco Ltd.$49M
- Allspring Global Investments Holdings, LLC$44M
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 | 9,393,621 | $785M | 10.3% | 2026-Q1 |
| WASATCH ADVISORS LP added | 7,202,934 | $602M | 7.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 4,163,593 | $348M | 4.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 3,823,804 | $320M | 4.2% | 2026-Q1 |
| STATE STREET CORP added | 3,099,897 | $259M | 3.4% | 2026-Q1 |
| MORGAN STANLEY added | 2,485,913 | $208M | 2.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,259,646 | $189M | 2.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 2,087,807 | $172M | 2.2% | 2026-Q1 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 1,659,616 | $139M | 1.8% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 1,627,039 | $136M | 1.8% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 1,412,784 | $118M | 1.5% | 2026-Q1 |
| Clearbridge Investments, LLC trimmed | 1,309,972 | $109M | 1.4% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 1,281,657 | $107M | 1.4% | 2026-Q1 |
| Greenhouse Funds LLLP added | 1,257,854 | $105M | 1.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,175,339 | $98M | 1.3% | 2026-Q1 |
| GENEVA CAPITAL MANAGEMENT LLC added | 1,174,070 | $98M | 1.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,183,411 | $96M | 1.3% | 2026-Q1 |
| FMR LLC trimmed | 1,126,024 | $94M | 1.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,036,174 | $87M | 1.1% | 2026-Q1 |
| DAVENPORT & Co LLC added | 1,015,434 | $85M | 1.1% | 2026-Q1 |
| LOOMIS SAYLES & CO L P trimmed | 931,906 | $78M | 1.0% | 2026-Q1 |
| Atalan Capital Partners, LP trimmed | 883,670 | $74M | 1.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 862,008 | $72M | 0.9% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC added | 850,411 | $71M | 0.9% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 835,072 | $70M | 0.9% | 2026-Q1 |
| CADIAN CAPITAL MANAGEMENT, LP added | 832,700 | $70M | 0.9% | 2026-Q1 |
| NORGES BANK added | 777,268 | $69M | 0.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 808,867 | $68M | 0.9% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 803,427 | $67M | 0.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 800,818 | $67M | 0.9% | 2026-Q1 |
| UBS Group AG added | 786,667 | $66M | 0.9% | 2026-Q1 |
| BAMCO INC /NY/ trimmed | 750,025 | $63M | 0.8% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 742,849 | $62M | 0.8% | 2026-Q1 |
| WESTFIELD CAPITAL MANAGEMENT CO LP trimmed | 712,848 | $60M | 0.8% | 2026-Q1 |
| Swedbank AB added | 706,300 | $59M | 0.8% | 2026-Q1 |
| Stephens Investment Management Group LLC trimmed | 684,619 | $57M | 0.7% | 2026-Q1 |
| Nuveen, LLC added | 680,462 | $57M | 0.7% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 638,034 | $53M | 0.7% | 2026-Q1 |
| Park West Asset Management LLC new | 623,156 | $52M | 0.7% | 2026-Q1 |
| SEI INVESTMENTS CO trimmed | 602,721 | $50M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 599,254 | $50M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 594,435 | $50M | 0.6% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 592,014 | $49M | 0.6% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 497,520 | $42M | 0.5% | 2026-Q1 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 485,444 | $41M | 0.5% | 2026-Q1 |
| GW&K Investment Management, LLC added | 464,315 | $39M | 0.5% | 2026-Q1 |
| Man Group plc added | 423,282 | $35M | 0.5% | 2026-Q1 |
| Aristotle Capital Boston, LLC trimmed | 397,229 | $33M | 0.4% | 2026-Q1 |
| BESSEMER GROUP INC added | 388,422 | $32M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 380,494 | $32M | 0.4% | 2026-Q1 |
| Invesco Ltd. trimmed | 364,281 | $30M | 0.4% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 341,399 | $29M | 0.4% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 341,388 | $29M | 0.4% | 2026-Q1 |
| CIBC Bancorp USA Inc. added | 322,228 | $27M | 0.4% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 304,049 | $25M | 0.3% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 299,007 | $25M | 0.3% | 2026-Q1 |
| Premier Fund Managers Ltd trimmed | 287,847 | $23M | 0.3% | 2026-Q1 |
| Ranger Investment Management, L.P. trimmed | 271,223 | $23M | 0.3% | 2026-Q1 |
| Artisan Partners Limited Partnership trimmed | 270,942 | $23M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 268,832 | $22M | 0.3% | 2026-Q1 |
| ASHFORD CAPITAL MANAGEMENT INC trimmed | 266,481 | $22M | 0.3% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 266,615 | $22M | 0.3% | 2026-Q1 |
| CITIGROUP INC added | 253,336 | $21M | 0.3% | 2026-Q1 |
| 12th Street Asset Management Company, LLC trimmed | 251,361 | $21M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 248,915 | $21M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 222,217 | $20M | 0.3% | 2026-Q1 |
| Retirement Systems of Alabama added | 213,645 | $18M | 0.2% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 194,861 | $16M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 192,993 | $16M | 0.2% | 2026-Q1 |
| FRONTIER CAPITAL MANAGEMENT CO LLC added | 192,400 | $16M | 0.2% | 2026-Q1 |
| WCM INVESTMENT MANAGEMENT, LLC trimmed | 193,371 | $16M | 0.2% | 2026-Q1 |
| Trexquant Investment LP trimmed | 186,537 | $16M | 0.2% | 2026-Q1 |
| GLENMEDE TRUST CO NA trimmed | 179,823 | $15M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC added | 179,353 | $15M | 0.2% | 2026-Q1 |
| OPPENHEIMER ASSET MANAGEMENT INC. added | 173,854 | $15M | 0.2% | 2026-Q1 |
| Swiss National Bank trimmed | 169,200 | $14M | 0.2% | 2026-Q1 |
| OBERWEIS ASSET MANAGEMENT INC/ added | 166,641 | $14M | 0.2% | 2026-Q1 |
| SEGALL BRYANT & HAMILL, LLC trimmed | 172,048 | $14M | 0.2% | 2026-Q1 |
| Summit Creek Advisors LLC trimmed | 161,123 | $13M | 0.2% | 2026-Q1 |
| AXIOM INVESTORS LLC /DE trimmed | 153,644 | $13M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 153,570 | $13M | 0.2% | 2026-Q1 |
| ArrowMark Colorado Holdings LLC trimmed | 145,827 | $12M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 141,900 | $12M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 140,107 | $12M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 138,868 | $12M | 0.2% | 2026-Q1 |
| Ensign Peak Advisors, Inc trimmed | 134,377 | $11M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 8,539,775 | $782M | 10.2% | 2025-Q4 stale |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. added | 835,413 | $74M | 1.0% | 2025-Q1 stale |
| MACQUARIE GROUP LTD added | 633,143 | $60M | 0.8% | 2025-Q3 stale |
| Van Berkom & Associates Inc. trimmed | 442,830 | $46M | 0.6% | 2025-Q2 stale |
| CIBC Private Wealth Group LLC added | 276,723 | $25M | 0.3% | 2025-Q4 stale |
| VIKING GLOBAL INVESTORS LP new | 219,746 | $23M | 0.3% | 2025-Q2 stale |
| Ophir Asset Management Pty Ltd added | 259,977 | $23M | 0.3% | 2025-Q1 stale |
| Pacer Advisors, Inc. added | 303,410 | $21M | 0.3% | 2025-Q4 stale |
| Glenmede Investment Management, LP trimmed | 214,988 | $20M | 0.3% | 2025-Q3 stale |
| BOONE CAPITAL MANAGEMENT LLC new | 212,856 | $19M | 0.3% | 2025-Q4 stale |
| Point72 Asset Management, L.P. trimmed | 182,017 | $17M | 0.2% | 2025-Q4 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 149,122 | $14M | 0.2% | 2025-Q4 stale |
| NEXT CENTURY GROWTH INVESTORS LLC added | 129,465 | $14M | 0.2% | 2025-Q2 stale |
| Corebridge Financial, Inc. trimmed | 137,179 | $12M | 0.2% | 2025-Q1 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.