Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Heritage Insurance Hldgs Inc (HRTG)

182 + 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
↓ -1
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — HRTG

Based on 187 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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
187 funds currently hold this stock — 94% of the 3.0-year high of 200 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+13 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

106 buying105 selling
Last quarter: 106 funds bought or added vs 105 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.
📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter
Funds opening a new HRTG position: 31 → 46 → 26 → 36. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 28% medium ■ 22% new
93 out of 187 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.
📊

Peak discovery — momentum slowing

52 → 31 → 46 → 26 → 36 new funds/Q
New funds entering each quarter: 31 → 46 → 26 → 36. HRTG is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 58% veterans vs 28% newcomers

■ 58% veterans ■ 14% 1-2yr ■ 28% new
Entry-cohort mix of 192 holders: 112 (58%) are 2+ year veterans, 26 entered 1–2 years ago, and 54 (28%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
45 of 186 holders are among the 100 largest funds by AUM, controlling 58% 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.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 Q2, 106 hedge funds were net buyers of HRTG (36 opened a new position, 70 added to an existing one), while 105 reduced or exited (68 trimmed, 37 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 58% of total institutional value in HRTG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 187.

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.

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

No strong consensus or elite conviction detected among institutional holders.

8 top-rated funds 0 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: HRTG
182 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 182 188 -3.19%
13F Shares 19M 19M -0.04%
Total Value $495M $489M 1.35%
New Positions 35 26 +9
Increased Positions 69 67 +2
Closed Positions 40 37 +3
Reduced Positions 64 67 -3
Total Calls 4 4 -
Total Puts 2 1 100.0%
PUT/CALL Ratio 0.5 0.25 Bullish

Statistics: HRTG

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
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

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

182 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pacific Ridge Capital Partners, LLC 2.37% 500,463 $13.1M
2 Quartz Partners, LLC 1.61% 188,809 $4.9M
3 Instrumental Wealth, LLC 0.79% 60,060 $1.6M
4 Verdad Advisers, LP 0.71% 28,575 $745K
5 Annis Gardner Whiting Capital Advisors, LLC 0.56% 142,979 $3.7M
6 VARCOV Co. 0.22% 22,430 $585K
7 Optimize Financial INC. 0.17% 17,661 $461K
8 Fox Run Management, L.L.C. 0.16% 36,829 $960K
9 Bridgeway Capital Management, LLC 0.12% 259,973 $6.8M
10 Sound Capital Solutions LLC 0.11% 17,661 $461K
11 Sierra Summit Advisors LLC 0.11% 36,940 $963K
12 Dynamic Technology Lab Private Ltd 0.09% 15,711 $410K
13 Polymer Capital Management (US) LLC 0.09% 25,244 $658K
14 Navellier & Associates Inc 0.07% 32,574 $850K
15 Arkadios Wealth Advisors 0.06% 140,818 $3.7M
16 Cambria Investment Management, L.P. 0.05% 37,521 $979K
17 Segall Bryant & Hamill, LLC 0.05% 153,247 $4.0M
18 Y-Intercept (Hong Kong) Ltd 0.05% 88,471 $2.3M
19 Numerai GP LLC 0.04% 20,950 $546K
20 Drive Wealth Management, LLC 0.04% 8,011 $209K
21 Jacobs Levy Equity Management, Inc 0.03% 337,778 $8.8M
22 Trexquant Investment LP 0.03% 193,259 $5.0M
23 Connor, Clark & Lunn Investment Management Ltd. 0.03% 553,556 $14.4M
24 Algert Global LLC 0.03% 81,624 $2.1M
25 Norden Group LLC 0.02% 10,843 $283K
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 — 2 quarters in a row: For 2 consecutive quarters, 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?

Slight buying edge — 50% buying: Last quarter: 106 funds bought or added vs 105 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 HRTG holders?

Elite ownership — 58% AUM from top-100 funds: 45 of 186 holders are among the 100 largest funds by AUM, controlling 58% 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 187 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.

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.

Full history →