Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Healthequity Inc (HQY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +12
Streak
1Q ▲
Buyers last Q
57%

Smart Money Signals — HQY

Based on 496 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added HQY 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 (98% of max)

98% of all-time peak
496 hedge funds hold HQY 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding HQY is almost the same as a year ago (+15 funds, +3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 57% buying

292 buying219 selling
Last quarter: 292 funds bought or added vs 219 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.
➡️

Steady new buyers — ~79 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 78 → 93 → 82 → 79. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 24% medium ■ 22% new
270 out of 496 hedge funds have held HQY 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 — ~79 new funds/quarter

78 → 78 → 93 → 82 → 79 new funds/Q
New funds entering each quarter: 78 → 93 → 82 → 79. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 59% veterans vs 26% newcomers

■ 59% veterans ■ 15% 1-2yr ■ 26% new
Entry-cohort mix of 503 holders: 299 (59%) are 2+ year veterans, 75 entered 1–2 years ago, and 129 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds
59 of 495 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in HQY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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.

Institutional Sentiment Summary — HQY

In 2026 Q2, 292 hedge funds were net buyers of HQY (79 opened a new position, 213 added to an existing one), while 219 reduced or exited (152 trimmed, 67 sold completely) — a 57% buyer ratio, indicating a slight buying edge. 50% of total institutional value in HQY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +12 funds (more new holders than closures). Total institutional holders: 496.

Hedge Fund Ownership: HQY

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

Market Analysis: HQY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HQY

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 2 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: HQY
490 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 490 484 1.24%
13F Shares 90M 86M 4.79%
Total Value $7.94B $7.00B 13.54%
New Positions 77 82 -5
Increased Positions 209 176 +33
Closed Positions 70 103 -33
Reduced Positions 150 181 -31
Total Calls 4 5 -20.0%
Total Puts 4 3 33.33%
PUT/CALL Ratio 1.0 0.6 Neutral

Statistics: HQY

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Institutional Holders (2026 Q2)

490 + investors

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

QUARTER:
Top 25 HQY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Greenhouse Funds LLLP 5.46% 1,183,024 $106.9M
2 Atalan Capital Partners, LP 5.07% 915,270 $82.7M
3 Park West Asset Management LLC 4.78% 776,651 $70.1M
4 Wasatch Advisors LP 4.71% 7,960,735 $719.0M
5 12th Street Asset Management Company, LLC 4.44% 345,390 $31.2M
6 Cadian Capital Management, LP 4.28% 626,700 $56.6M
7 Bridger Management, LLC 3.11% 51,616 $4.7M
8 Summit Creek Advisors LLC 2.59% 84,157 $7.6M
9 Ashford Capital Management Inc 2.45% 253,441 $22.9M
10 Geneva Capital Management LLC 2.38% 1,149,680 $103.8M
11 Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. 2.26% 456,922 $41.3M
12 Beacon Investment Advisors LLC 2.04% 71,799 $6.5M
13 Aristotle Capital Boston, LLC 2.02% 332,884 $30.1M
14 Ranger Investment Management, L.P. 1.82% 319,253 $28.8M
15 Future Fund LLC 1.56% 60,154 $5.4M
16 Expect Equity LLC 1.41% 24,200 $2.2M
17 1492 Capital Management LLC 1.37% 51,501 $4.7M
18 Montanaro Asset Management Ltd 1.35% 47,400 $4.3M
19 Formula Growth Ltd 1.09% 34,417 $3.1M
20 Primoris Wealth Advisors, LLC 1.05% 25,500 $2.3M
21 Elk River Wealth Management LLC 0.83% 57,389 $5.2M
22 Stephens Investment Management Group LLC 0.71% 729,080 $65.9M
23 Inspirion Wealth Advisors, LLC 0.69% 65,000 $6.0M
24 Thompson Investment Management, INC. 0.67% 64,547 $5.8M
25 Pier Capital, LLC 0.64% 53,230 $4.8M
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 — Healthequity Inc (HQY)

What does the Smart Money Trend signal show for HQY?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added HQY 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 HQY?

Slight buying edge — 57% buying: Last quarter: 292 funds bought or added vs 219 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 HQY holders?

Elite ownership — 50% AUM from top-100 funds: 59 of 495 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in HQY. 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 HQY?

54% of holders stayed for 2+ years: 270 out of 496 hedge funds have held HQY 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.

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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