Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Heritage Insurance Hldgs Inc (HRTG)

185 + Investors. Track Smart Money conviction in HRTG. 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
47%

Smart Money Signals — HRTG

Based on 186 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their HRTG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
186 funds currently hold this stock — 94% of the 3.0-year high of 198 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +39% more funds vs a year ago

fund count last 6Q
+52 new funds entered over the past year (+39% 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.
🟠

More sellers than buyers — 47% buying

93 buying105 selling
Last quarter: 105 funds reduced or exited vs 93 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-20 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 51 → 31 → 45 → 25. 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.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 27% medium ■ 23% new
93 out of 186 hedge funds have held HRTG 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 — ~25 new funds/quarter

28 → 51 → 31 → 45 → 25 new funds/Q
New funds entering each quarter: 51 → 31 → 45 → 25. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 57% of holders stayed 2+ years

■ 57% veterans ■ 12% 1-2yr ■ 31% new
Of 190 current holders: 109 (57%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
41 of 186 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in HRTG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 — HRTG

In 2026 Q1, 93 hedge funds were net buyers of HRTG (25 opened a new position, 68 added to an existing one), while 105 reduced or exited (68 trimmed, 37 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 41% of total institutional value in HRTG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -12 funds (more exits than new entries). Total institutional holders: 186.

Hedge Fund Ownership: HRTG

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

Market Analysis: HRTG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HRTG

-- --

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

Is It Too Late to Buy Heritage Insurance Hldgs Inc (HRTG) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HRTG has moved relative to its sector benchmark (XLF) 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 · 75d ago
HRTG
-14.5%
XLF
+8.0%

HRTG outperformed XLF by -22.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
HRTG
-4.4%
XLF
+4.4%

Since the filing became public, HRTG outperformed XLF by -8.8% .

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.

19 top-rated funds 0 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: HRTG
185 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 185 198 -6.57%
13F Shares 19M 20M -2.4%
Total Value $488M $571M -14.41%
New Positions 24 45 -21
Increased Positions 66 83 -17
Closed Positions 37 24 +13
Reduced Positions 67 52 +15
Total Calls 4 4 -
Total Puts 1 2 -50.0%
PUT/CALL Ratio 0.25 0.5 Bullish

Statistics: HRTG

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

185 + investors

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

QUARTER:
Top 25 HRTG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pacific Ridge Capital Partners, LLC 2.31% 405,860 $10.7M
2 Quartz Partners, LLC 1.85% 181,933 $4.8M
3 Instrumental Wealth, LLC 0.97% 60,060 $1.6M
4 Verdad Advisers, LP 0.78% 26,494 $695K
5 Annis Gardner Whiting Capital Advisors, LLC 0.53% 126,871 $3.3M
6 VARCOV Co. 0.25% 25,267 $663K
7 Optimize Financial Inc 0.23% 17,722 $465K
8 Bridgeway Capital Management, LLC 0.14% 259,973 $6.8M
9 Navellier & Associates Inc 0.13% 47,200 $1.2M
10 Inspire Investing, LLC 0.13% 58,915 $1.5M
11 Dynamic Technology Lab Private Ltd 0.09% 20,758 $545K
12 Segall Bryant & Hamill, LLC 0.07% 168,245 $4.5M
13 Arkadios Wealth Advisors 0.06% 134,753 $3.5M
14 Informed Momentum Co LLC 0.06% 18,843 $495K
15 Counterpoint Mutual Funds LLC 0.05% 11,854 $311K
16 Y-Intercept (Hong Kong) Ltd 0.04% 84,250 $2.2M
17 Jacobs Levy Equity Management, Inc 0.04% 358,682 $9.4M
18 Cambria Investment Management, L.P. 0.04% 26,168 $687K
19 Connor, Clark & Lunn Investment Management Ltd. 0.03% 550,867 $14.5M
20 Nebula Research & Development LLC 0.03% 13,939 $348K
21 State of Wyoming 0.03% 9,457 $248K
22 Empowered Funds, LLC 0.03% 162,178 $4.3M
23 Trexquant Investment LP 0.03% 136,624 $3.6M
24 Campbell & CO Investment Adviser LLC 0.03% 17,124 $450K
25 Fragasso Financial Advisors Inc 0.02% 15,200 $405K
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 — Heritage Insurance Hldgs Inc (HRTG)

What does the Smart Money Trend signal show for HRTG?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their HRTG 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 HRTG?

More sellers than buyers — 47% buying: Last quarter: 105 funds reduced or exited vs 93 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for HRTG holders?

Elite ownership — 41% AUM from top-100 funds: 41 of 186 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in HRTG. 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 HRTG?

50% of holders stayed for 2+ years: 93 out of 186 hedge funds have held HRTG 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 Heritage Insurance Hldgs Inc (HRTG) following the 2026 Q1 hedge fund 13F filings?

As of today, HRTG has moved -4.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.4% for the XLF sector ETF — an outperformance of -8.8%. Since the quarter end (March 31, 2026), HRTG has gained -14.5% vs +8.0% for XLF. 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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