- Quarter end
- 31 Dec 2025
- the date the book describes
- Filed
- 27 Oct 2026
- latest of these filings; the earliest 5 Feb 2026
- Managers listing it
- 30
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 7 listed it in both
- Shares listed
- 9,859,732
- combined, among listed positions
- Reported value
- $2.5bn
- combined, at the quarter end
Among the 92 comparable managers: 24 buyers (opened or added shares) and 3 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +776,223.
Managers listing HEI-A in Q4 2025
30 of 30 holders
Largest increases and reductions, by shares
Increases
- Fidelity (FMR LLC)existing position · 5,389,462 shares now+156,557
- Millennium Management LLCexisting position · 367,965 shares now+123,482
- Arrowstreet Capital LPexisting position · 631,685 shares now+93,028
- D. E. Shaw & Co.new position · 87,776 shares now+87,776
- Jane Street Group LLCexisting position · 73,508 shares now+69,364
Reductions
- Wellington Management Group LLPexisting position · 299,584 shares now-23,853
- Citadel Advisors LLCexisting position · 18,450 shares now-13,553
New positions and exits
New (4)
Exited (1)
- Freestone Grove Partners LPwas $822k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q1 2015 | 1 | $323k | n.a. | n.a. |
| Q2 2015 | 1 | $264k | n.a. | n.a. |
| Q4 2015 | 1 | $93m | n.a. | n.a. |
| Q2 2016 | 1 | $215k | n.a. | n.a. |
| Q3 2016 | 1 | $2.3m | n.a. | n.a. |
| Q4 2016 | 2 | $126m | n.a. | n.a. |
| Q1 2017 | 4 | $180m | n.a. | n.a. |
| Q2 2017 | 7 | $565m | n.a. | n.a. |
| Q3 2017 | 7 | $704m | n.a. | n.a. |
| Q4 2017 | 6 | $731m | n.a. | n.a. |
| Q1 2018 | 6 | $794m | n.a. | n.a. |
| Q2 2018 | 5 | $831m | n.a. | n.a. |
| Q3 2018 | 5 | $990m | n.a. | n.a. |
| Q4 2018 | 7 | $1.1bn | n.a. | n.a. |
| Q1 2019 | 7 | $1.5bn | n.a. | n.a. |
| Q2 2019 | 9 | $1.6bn | n.a. | n.a. |
| Q3 2019 | 12 | $1.4bn | n.a. | n.a. |
| Q4 2019 | 11 | $1.1bn | n.a. | n.a. |
| Q1 2020 | 6 | $744m | n.a. | n.a. |
| Q2 2020 | 5 | $384m | n.a. | n.a. |
| Q3 2020 | 5 | $497m | n.a. | n.a. |
| Q4 2020 | 5 | $866m | n.a. | n.a. |
| Q1 2021 | 5 | $827m | n.a. | n.a. |
| Q2 2021 | 5 | $980m | n.a. | n.a. |
| Q3 2021 | 3 | $608m | n.a. | n.a. |
| Q4 2021 | 3 | $709m | n.a. | n.a. |
| Q1 2022 | 4 | $1.6bn | n.a. | n.a. |
| Q2 2022 | 3 | $2.3bn | n.a. | n.a. |
| Q3 2022 | 3 | $1.9bn | n.a. | n.a. |
| Q4 2022 | 6 | $2.2bn | n.a. | n.a. |
| Q1 2023 | 6 | $1.7bn | n.a. | n.a. |
| Q2 2023 | 7 | $1.4bn | n.a. | n.a. |
| Q3 2023 | 8 | $1.3bn | n.a. | n.a. |
| Q4 2023 | 6 | $1.2bn | 1 | 4 |
| Q1 2024 | 4 | $1.8bn | 2 | 1 |
| Q2 2024 | 7 | $2.2bn | 3 | 3 |
| Q3 2024 | 7 | $2.6bn | 4 | 2 |
| Q4 2024 | 7 | $2.4bn | 3 | 3 |
| Q1 2025 | 7 | $2.8bn | 4 | 2 |
| Q2 2025 | 8 | $3.6bn | 6 | 0 |
| Q3 2025 | 8 | $2.0bn | 4 | 2 |
| Q4 2025 | 9 | $2.2bn | 24 | 3 |
| Q1 2026 | 11 | $1.7bn | 21 | 10 |
| Q2 2026 | 8 | $1.9bn | 15 | 15 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own HEI-A, latest filings →Back to the 13F Explorer →