Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hecla Mining Company (HL)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +35
Streak
9Q ▲
Buyers last Q
57%

Smart Money Signals — HL

Based on 554 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 9 quarters in a row

last 6Q
For 9 consecutive quarters, more hedge funds added HL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
554 hedge funds hold HL 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.
🚀

Fast accumulation — +49% more funds vs a year ago

fund count last 6Q
+183 new funds entered over the past year (+49% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

351 buying262 selling
Last quarter: 351 funds bought or added vs 262 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 (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 58 → 121 → 134 → 127. 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.
🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 21% medium ■ 33% new
255 out of 554 hedge funds have held HL 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.
📈

Growing discovery — still being found

64 → 58 → 121 → 134 → 127 new funds/Q
New funds entering each quarter: 58 → 121 → 134 → 127. A growing number of institutions are discovering HL each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 54% veterans vs 36% newcomers

■ 54% veterans ■ 10% 1-2yr ■ 36% new
Entry-cohort mix of 588 holders: 320 (54%) are 2+ year veterans, 58 entered 1–2 years ago, and 210 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
60 of 550 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in HL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.5
out of 10
Moderate Exit Risk
Exit risk score 4.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Institutional Sentiment Summary — HL

In 2026 Q1, 351 hedge funds were net buyers of HL (127 opened a new position, 224 added to an existing one), while 262 reduced or exited (170 trimmed, 92 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 9 consecutive quarters of net institutional buying — a persistent conviction signal. 40% of total institutional value in HL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +35 funds (more new holders than closures). Total institutional holders: 554.

Hedge Fund Ownership: HL

How many hedge funds hold HL — quarterly history vs. share price
Quarterly hedge fund ownership of HL vs. share price

Market Analysis: HL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Hecla Mining Company (HL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HL has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
HL
-7.6%
SPY
+15.9%

HL outperformed SPY by -23.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
HL
-2.4%
SPY
+2.0%

Since the filing became public, HL outperformed SPY by -4.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

38 top-rated funds 5 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: HL
551 + Investors

Track Smart Money conviction in HL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 551 519 6.17%
13F Shares 508M 494M 2.94%
Total Value $8.74B $9.86B -11.37%
New Positions 126 134 -8
Increased Positions 220 194 +26
Closed Positions 94 59 +35
Reduced Positions 154 134 +20
Total Calls 25 22 13.64%
Total Puts 13 17 -23.53%
PUT/CALL Ratio 0.52 0.77 Bullish

Statistics: HL

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

551 + investors

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

QUARTER:
Top 25 HL holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Steadtrust LLC 4.32% 408,680 $7.6M
2 Hatch Cove Capital, LLC 3.76% 529,600 $9.9M
3 Oppenheimer & Close, LLC 3.34% 284,345 $5.3M
4 Extract Advisors LLC 3.24% 500,000 $9.3M
5 Parvin Asset Management, LLC 2.62% 194,775 $3.6M
6 Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 1.73% 52,100 $971K
7 Abbington Investment Group 1.64% 150,982 $2.8M
8 Connective Portfolio Management, LLC 0.96% 19,000 $354K
9 Harvest Investment Services, LLC 0.89% 260,281 $4.8M
10 Phocas Financial Corp. 0.84% 285,609 $5.3M
11 Tidal Investments LLC 0.77% 19,660,325 $366.2M
12 Electrum Group LLC 0.61% 356,251 $6.6M
13 Towne Trust Company, N.A 0.60% 99,500 $1.9M
14 Jupiter Asset Management Ltd 0.58% 5,813,604 $108.3M
15 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.52% 20,617,157 $384.0M
16 Cvfg LLC 0.52% 223,012 $4.2M
17 FORA Capital, LLC 0.51% 375,434 $7.0M
18 Mh & Associates Securities Management Corp /Adv 0.48% 29,728 $554K
19 Entropy Technologies, LP 0.48% 555,425 $10.3M
20 B. Riley Wealth Advisors, Inc. 0.44% 407,041 $7.0M
21 Ridge Creek Global, Inc 0.44% 28,000 $522K
22 NJ State Employees Deferred Compensation Plan 0.43% 325,550 $3.9M
23 Auxano Advisors, LLC 0.42% 113,019 $2.1M
24 Oxbow Advisors, LLC 0.41% 261,475 $4.9M
25 Navellier & Associates Inc 0.41% 211,067 $3.9M
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 — Hecla Mining Company (HL)

What does the Smart Money Trend signal show for HL?

Buying streak — 9 quarters in a row: For 9 consecutive quarters, more hedge funds added HL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HL?

Slight buying edge — 57% buying: Last quarter: 351 funds bought or added vs 262 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 HL holders?

Elite ownership — 40% AUM from top-100 funds: 60 of 550 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in HL. 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 HL?

46% of holders stayed for 2+ years: 255 out of 554 hedge funds have held HL 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 Hecla Mining Company (HL) following the 2026 Q1 hedge fund 13F filings?

As of today, HL has moved -2.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -4.4%. Since the quarter end (March 31, 2026), HL has gained -7.6% vs +15.9% for SPY. 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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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