HE Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Hawaiian Elec Inds Inc Mtn B (HE) following the 2026 Q2 hedge fund 13F filings?

As of today, HE has moved -13.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -4.3% for the XLU sector ETF — an outperformance of -8.7%. Since the quarter end (June 30, 2026), HE gained -24.5% vs -10.7% for XLU. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Hawaiian Elec Inds Inc Mtn B (HE)

333 + Investors. Track Smart Money conviction in HE. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — HE

Based on 338 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their HE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

🏔️

At the ownership peak (99% of max)

99% of all-time peak

338 hedge funds hold HE right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +20% more funds vs a year ago

fund count last 6Q

+57 new funds entered over the past year (+20% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 55% buying

178 buying144 selling

Last quarter: 178 funds bought or added vs 144 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

⚠️

Fewer new buyers each quarter (-27 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 52 → 67 → 69 → 42. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 23% medium ■ 17% new

203 out of 338 hedge funds have held HE for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

➡️

Steady discovery — ~42 new funds/quarter

44 → 52 → 67 → 69 → 42 new funds/Q

New funds entering each quarter: 52 → 67 → 69 → 42. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 67% veterans vs 21% newcomers

■ 67% veterans ■ 12% 1-2yr ■ 21% new

Entry-cohort mix of 345 holders: 231 (67%) are 2+ year veterans, 40 entered 1–2 years ago, and 74 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds

53 of 336 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in HE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	333	342	-2.63%
13F Shares	147M	148M	-0.61%
Total Value	$1.89B	$2.07B	-8.82%
New Positions	41	69	-28
Increased Positions	131	132	-1
Closed Positions	48	47	+1
Reduced Positions	96	83	+13
Total Calls	5	6	-16.67%
Total Puts	4	7	-42.86%
PUT/CALL Ratio	0.8	1.17	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

333

342

-2.63%

13F Shares

147M

148M

-0.61%

Total Value

$1.89B

$2.07B

-8.82%

New Positions

-28

Increased Positions

131

132

-1

Closed Positions

Reduced Positions

+13

Total Calls

-16.67%

Total Puts

-42.86%

PUT/CALL Ratio

0.8

1.17

Neutral

Institutional Holders (2026 Q2)

333 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HE. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 HE holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Mad River Investors	6.67%	1,321,850	$17.9M
2	Horizon Kinetics Asset Management LLC	3.44%	22,395,397	$303.0M
3	12 West Capital Management LP	2.85%	1,125,000	$15.2M
4	Atlas Wealth Partners, LLC	1.72%	116,117	$1.6M
5	Promethium Advisors,LLC	0.81%	125,450	$1.7M
6	EagleClaw Capital Managment, LLC	0.79%	434,750	$5.9M
7	Dougherty & Associates, LLC	0.78%	71,855	$972K
8	PDT Partners, LLC	0.36%	511,975	$6.9M
9	Moors & Cabot, Inc.	0.30%	578,331	$7.8M
10	Intrepid Family Office LLC	0.30%	30,000	$406K
11	Olympiad Research LP	0.30%	10,562	$143K
12	T3 Companies, LLC	0.27%	18,450	$250K
13	Mad River Investors	0.25%	48,800	$660K
14	Pecaut & CO.	0.17%	41,300	$559K
15	PKS Advisory Services, LLC	0.15%	70,044	$948K
16	Bayforest Capital Ltd	0.15%	11,873	$161K
17	RFG - Bristol Wealth Advisors, LLC	0.13%	39,624	$536K
18	Jupiter Asset Management Ltd	0.12%	1,804,720	$24.4M
19	RBF Capital, LLC	0.11%	200,000	$2.7M
20	Byrne Asset Management LLC	0.11%	15,100	$204K
21	Aigen Investment Management, LP	0.11%	28,747	$389K
22	Meixler Investment Management, Ltd.	0.09%	11,600	$157K
23	Congress Asset Management Co	0.08%	996,265	$13.5M
24	Inscription Capital, LLC	0.07%	62,417	$845K
25	Quantbot Technologies LP	0.07%	136,376	$1.8M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Hawaiian Elec Inds Inc Mtn B (HE)

What does the Smart Money Trend signal show for HE?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their HE positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for HE?

Slight buying edge — 55% buying: Last quarter: 178 funds bought or added vs 144 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HE holders?

Elite ownership — 56% AUM from top-100 funds: 53 of 336 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in HE. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HE?

60% of holders stayed for 2+ years: 203 out of 338 hedge funds have held HE for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Hawaiian Elec Inds Inc Mtn B (HE) following the 2026 Q2 hedge fund 13F filings?

As of today, HE has moved -13.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -4.3% for the XLU sector ETF — an outperformance of -8.7%. Since the quarter end (June 30, 2026), HE has gained -24.5% vs -10.7% for XLU. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Hawaiian Elec Inds Inc Mtn B (HE)

Smart Money Signals — HE

Selling streak — 1 quarter in a row

At the ownership peak (99% of max)

Steady growth — +20% more funds vs a year ago

Slight buying edge — 55% buying

Fewer new buyers each quarter (-27 vs last Q)

60% of holders stayed for 2+ years

Steady discovery — ~42 new funds/quarter

Veteran-anchored — 67% veterans vs 21% newcomers

Elite ownership — 56% AUM from top-100 funds

Institutional Sentiment Summary — HE

Hedge Fund Ownership: HE

Market Analysis: HE

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: HE

Is It Too Late to Buy Hawaiian Elec Inds Inc Mtn B (HE) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: HE

Statistics: HE

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Hawaiian Elec Inds Inc Mtn B (HE)

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