- 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
- 34
- at least, of 95 tracked, among listed positions
- Comparable managers
- 92
- filed both Q3 2025 and Q4 2025; 12 listed it in both
- Shares listed
- 9,130,510
- combined, among listed positions
- Reported value
- $3.0bn
- combined, at the quarter end
Among the 92 comparable managers: 19 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +415,746.
Managers listing HEI in Q4 2025
34 of 34 holders
Largest increases and reductions, by shares
Increases
- Balyasny Asset Management LLCexisting position · 357,596 shares now+297,127
- D. E. Shaw & Co.existing position · 205,135 shares now+156,603
- Fidelity (FMR LLC)existing position · 240,556 shares now+154,427
- Arrowstreet Capital LPexisting position · 234,080 shares now+101,939
- Renaissance Technologies LLCexisting position · 108,724 shares now+78,960
Reductions
- Capital World Investorsexisting position · 4,710,449 shares now-250,707
- Citadel Advisors LLCexisting position · 10,458 shares now-62,985
- Invesco Ltdexisting position · 800,859 shares now-61,640
- Neuberger Berman Group LLCexisting position · 232,858 shares now-61,089
- Jane Street Group LLCexisting position · 2,162 shares now-41,671
New positions and exits
New (2)
Exited (3)
- Tudor Investment Corpwas $2.1m
- Caxton Associates LLPwas $1.5m
- Brevan Howard Capital Management LPwas $394k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 1 | $2.7m | n.a. | n.a. |
| Q3 2013 | 2 | $15m | n.a. | n.a. |
| Q4 2013 | 2 | $16m | n.a. | n.a. |
| Q1 2014 | 2 | $16m | n.a. | n.a. |
| Q2 2014 | 4 | $17m | n.a. | n.a. |
| Q3 2014 | 2 | $13m | n.a. | n.a. |
| Q4 2014 | 2 | $16m | n.a. | n.a. |
| Q1 2015 | 2 | $16m | n.a. | n.a. |
| Q2 2015 | 2 | $16m | n.a. | n.a. |
| Q3 2015 | 3 | $21m | n.a. | n.a. |
| Q4 2015 | 3 | $18m | n.a. | n.a. |
| Q1 2016 | 2 | $15m | n.a. | n.a. |
| Q2 2016 | 3 | $18m | n.a. | n.a. |
| Q3 2016 | 3 | $17m | n.a. | n.a. |
| Q4 2016 | 4 | $29m | n.a. | n.a. |
| Q1 2017 | 4 | $37m | n.a. | n.a. |
| Q2 2017 | 5 | $42m | n.a. | n.a. |
| Q3 2017 | 4 | $51m | n.a. | n.a. |
| Q4 2017 | 7 | $89m | n.a. | n.a. |
| Q1 2018 | 9 | $90m | n.a. | n.a. |
| Q2 2018 | 5 | $66m | n.a. | n.a. |
| Q3 2018 | 7 | $94m | n.a. | n.a. |
| Q4 2018 | 8 | $110m | n.a. | n.a. |
| Q1 2019 | 8 | $77m | n.a. | n.a. |
| Q2 2019 | 10 | $297m | n.a. | n.a. |
| Q3 2019 | 9 | $265m | n.a. | n.a. |
| Q4 2019 | 13 | $157m | n.a. | n.a. |
| Q1 2020 | 10 | $74m | n.a. | n.a. |
| Q2 2020 | 7 | $215m | n.a. | n.a. |
| Q3 2020 | 7 | $273m | n.a. | n.a. |
| Q4 2020 | 7 | $435m | n.a. | n.a. |
| Q1 2021 | 8 | $432m | n.a. | n.a. |
| Q2 2021 | 8 | $479m | n.a. | n.a. |
| Q3 2021 | 7 | $448m | n.a. | n.a. |
| Q4 2021 | 7 | $570m | n.a. | n.a. |
| Q1 2022 | 6 | $571m | n.a. | n.a. |
| Q2 2022 | 5 | $502m | n.a. | n.a. |
| Q3 2022 | 11 | $630m | n.a. | n.a. |
| Q4 2022 | 14 | $775m | n.a. | n.a. |
| Q1 2023 | 12 | $759m | n.a. | n.a. |
| Q2 2023 | 13 | $776m | n.a. | n.a. |
| Q3 2023 | 7 | $626m | n.a. | n.a. |
| Q4 2023 | 6 | $727m | 4 | 2 |
| Q1 2024 | 10 | $854m | 7 | 2 |
| Q2 2024 | 7 | $1.1bn | 3 | 4 |
| Q3 2024 | 8 | $1.3bn | 5 | 2 |
| Q4 2024 | 12 | $1.6bn | 9 | 1 |
| Q1 2025 | 13 | $1.9bn | 9 | 4 |
| Q2 2025 | 15 | $2.7bn | 13 | 2 |
| Q3 2025 | 13 | $2.2bn | 7 | 5 |
| Q4 2025 | 16 | $2.4bn | 19 | 16 |
| Q1 2026 | 16 | $1.4bn | 19 | 20 |
| Q2 2026 | 18 | $2.7bn | 18 | 20 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
HEI and RTX →HEI and BA →HEI and TDG →Choose a stock to compare with HEI →
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, latest filings →Back to the 13F Explorer →