Who owns HealthEquity (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-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
185 tracked funds added or opened HQY while 80 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
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 2026-Q1 and 2026-Q2, across 464 tracked filers holding HQY, 269 increased or opened the position and 241 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 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 31
- Jupiter Topco LLC$79M
- Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A.$41M
- Diversify Advisory Services, LLC$9M
- Moran Wealth Management, LLC$7M
- AlphaCore Capital LLC$5M
- Pier Capital, LLC$5M
Full exits 40
- MACKENZIE FINANCIAL CORP$107M
- JANUS HENDERSON GROUP PLC$71M
- BALYASNY ASSET MANAGEMENT L.P.$70M
- GW&K Investment Management, LLC$39M
- BESSEMER GROUP INC$32M
- Premier Fund Managers Ltd$23M
Largest adds
- BlackRock, Inc.$234M
- MORGAN STANLEY$203M
- WASATCH ADVISORS LP$117M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$87M
- Grandeur Peak Global Advisors, LLC$63M
- FMR LLC$45M
Largest trims
- MILLENNIUM MANAGEMENT LLC$45M
- AMERIPRISE FINANCIAL INC$42M
- Man Group plc$29M
- UBS Group AG$26M
- NORGES BANK$20M
- JANE STREET GROUP, LLC$16M
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 |
|---|---|---|---|---|
| BlackRock, Inc. added | 11,277,914 | $1.0B | 13.6% | 2026-Q2 |
| WASATCH ADVISORS LP added | 7,960,735 | $719M | 9.6% | 2026-Q2 |
| MORGAN STANLEY added | 4,547,219 | $411M | 5.5% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 4,057,643 | $366M | 4.9% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 3,640,776 | $329M | 4.4% | 2026-Q2 |
| STATE STREET CORP added | 3,241,046 | $293M | 3.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,374,467 | $214M | 2.9% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 1,999,209 | $176M | 2.3% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,869,036 | $169M | 2.3% | 2026-Q2 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 1,773,227 | $160M | 2.1% | 2026-Q2 |
| FMR LLC added | 1,538,387 | $139M | 1.9% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 1,372,624 | $124M | 1.7% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 1,296,765 | $117M | 1.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,188,902 | $107M | 1.4% | 2026-Q2 |
| Greenhouse Funds LLLP trimmed | 1,183,024 | $107M | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 1,158,837 | $102M | 1.4% | 2026-Q2 |
| GENEVA CAPITAL MANAGEMENT LLC trimmed | 1,149,680 | $104M | 1.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,146,735 | $104M | 1.4% | 2026-Q2 |
| DAVENPORT & Co LLC added | 1,087,218 | $98M | 1.3% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,072,119 | $97M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,007,434 | $91M | 1.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 994,551 | $90M | 1.2% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 965,807 | $87M | 1.2% | 2026-Q2 |
| Atalan Capital Partners, LP added | 915,270 | $83M | 1.1% | 2026-Q2 |
| LOOMIS SAYLES & CO L P trimmed | 908,554 | $82M | 1.1% | 2026-Q2 |
| Jupiter Topco LLC new | 872,972 | $79M | 1.1% | 2026-Q2 |
| Swedbank AB added | 851,400 | $77M | 1.0% | 2026-Q2 |
| Park West Asset Management LLC added | 776,651 | $70M | 0.9% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 759,978 | $69M | 0.9% | 2026-Q2 |
| BAMCO INC /NY/ added | 750,394 | $68M | 0.9% | 2026-Q2 |
| Nuveen, LLC added | 732,750 | $66M | 0.9% | 2026-Q2 |
| Stephens Investment Management Group LLC added | 729,080 | $66M | 0.9% | 2026-Q2 |
| WESTFIELD CAPITAL MANAGEMENT CO LP trimmed | 703,313 | $64M | 0.8% | 2026-Q2 |
| SEI INVESTMENTS CO added | 683,320 | $62M | 0.8% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 682,961 | $62M | 0.8% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. added | 678,537 | $61M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 666,260 | $60M | 0.8% | 2026-Q2 |
| CADIAN CAPITAL MANAGEMENT, LP trimmed | 626,700 | $57M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 601,824 | $54M | 0.7% | 2026-Q2 |
| NORGES BANK trimmed | 533,946 | $48M | 0.6% | 2026-Q2 |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. new | 456,922 | $41M | 0.6% | 2026-Q2 |
| UBS Group AG trimmed | 435,457 | $39M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 431,967 | $39M | 0.5% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 400,613 | $36M | 0.5% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 387,894 | $35M | 0.5% | 2026-Q2 |
| Artisan Partners Limited Partnership added | 384,107 | $35M | 0.5% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 360,659 | $33M | 0.4% | 2026-Q2 |
| 12th Street Asset Management Company, LLC added | 345,390 | $31M | 0.4% | 2026-Q2 |
| Aristotle Capital Boston, LLC trimmed | 332,884 | $30M | 0.4% | 2026-Q2 |
| Ranger Investment Management, L.P. added | 319,253 | $29M | 0.4% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 318,565 | $29M | 0.4% | 2026-Q2 |
| CIBC Bancorp USA Inc. trimmed | 311,395 | $28M | 0.4% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 275,693 | $25M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 254,403 | $23M | 0.3% | 2026-Q2 |
| ASHFORD CAPITAL MANAGEMENT INC trimmed | 253,441 | $23M | 0.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 249,975 | $23M | 0.3% | 2026-Q2 |
| DF DENT & CO INC added | 247,132 | $22M | 0.3% | 2026-Q2 |
| SEGALL BRYANT & HAMILL, LLC added | 238,243 | $22M | 0.3% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. added | 233,378 | $21M | 0.3% | 2026-Q2 |
| OBERWEIS ASSET MANAGEMENT INC/ added | 228,291 | $21M | 0.3% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 222,480 | $19M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 212,264 | $19M | 0.3% | 2026-Q2 |
| Grandeur Peak Global Advisors, LLC added | 211,036 | $66M | 0.9% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 202,691 | $19M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 198,095 | $18M | 0.2% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 196,278 | $18M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 193,492 | $17M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 190,425 | $17M | 0.2% | 2026-Q2 |
| FRONTIER CAPITAL MANAGEMENT CO LLC trimmed | 184,308 | $17M | 0.2% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 175,182 | $16M | 0.2% | 2026-Q2 |
| GLENMEDE TRUST CO NA trimmed | 173,867 | $16M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 169,500 | $15M | 0.2% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 156,786 | $14M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 156,551 | $14M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System added | 155,319 | $14M | 0.2% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 150,273 | $14M | 0.2% | 2026-Q2 |
| Public Sector Pension Investment Board added | 140,952 | $13M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 137,365 | $12M | 0.2% | 2026-Q2 |
| GDS Wealth Management added | 137,092 | $12M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD trimmed | 135,600 | $12M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 132,705 | $12M | 0.2% | 2026-Q2 |
| PEREGRINE CAPITAL MANAGEMENT LLC added | 132,691 | $12M | 0.2% | 2026-Q2 |
| CASTLEARK MANAGEMENT LLC added | 127,770 | $12M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 125,882 | $11M | 0.2% | 2026-Q2 |
| AXIOM INVESTORS LLC /DE trimmed | 120,911 | $11M | 0.1% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. added | 119,832 | $11M | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 118,522 | $11M | 0.1% | 2026-Q2 |
| Ensign Peak Advisors, Inc trimmed | 117,281 | $11M | 0.1% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 111,986 | $10M | 0.1% | 2026-Q2 |
| B. Metzler seel. Sohn & Co. AG added | 111,108 | $10M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 108,898 | $10M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 102,875 | $9M | 0.1% | 2026-Q2 |
| TECTONIC ADVISORS LLC added | 100,323 | $9M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 97,794 | $9M | 0.1% | 2026-Q2 |
| Granahan Investment Management, LLC trimmed | 97,318 | $9M | 0.1% | 2026-Q2 |
| RENAISSANCE GROUP LLC trimmed | 96,839 | $9M | 0.1% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 94,631 | $9M | 0.1% | 2026-Q2 |
| BEACON INVESTMENT ADVISORY SERVICES, INC. added | 94,237 | $9M | 0.1% | 2026-Q2 |
| DIVERSIFY WEALTH MANAGEMENT, LLC added | 90,675 | $9M | 0.1% | 2026-Q2 |
| Diversify Advisory Services, LLC new | 90,675 | $9M | 0.1% | 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.