Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in HE held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 25.7M | $382.1M | -8.5% | 14.914% | 0.01% |
| 2 | HORIZON KINETICS ASSET MANAGEMENT LLC | 21.6M | $321.1M | +11.6% | 12.532% | 3.48% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.3M | $152.3M | — | 5.944% | 0.01% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 7.5M | $110.6M | — | 4.318% | 0.00% |
| 5 | STATE STREET CORP | 6.8M | $101.2M | -2.7% | 3.949% | 0.00% |
| 6 | CITADEL ADVISORS LLC | 5.6M | $83.1M | +393.6% | 3.242% | 0.04% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 4.1M | $60.7M | -0.9% | 2.368% | 0.00% |
| 8 | Quantinno Capital Management LP | 3.5M | $52.1M | +8.3% | 2.035% | 0.09% |
| 9 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.3M | $49.6M | -0.1% | 1.937% | 0.01% |
| 10 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.3M | $48.8M | +4.1% | 1.906% | 0.01% |
| 11 | BANK OF AMERICA CORP /DE/ | 2.7M | $40.6M | +111.6% | 1.584% | 0.00% |
| 12 | MORGAN STANLEY | 2.7M | $39.4M | -26.3% | 1.538% | 0.00% |
| 13 | DIMENSIONAL FUND ADVISORS LP | 2.6M | $38.0M | +15.9% | 1.485% | 0.01% |
| 14 | Invesco Ltd. | 2.0M | $30.0M | +196.1% | 1.170% | 0.00% |
| 15 | 12 West Capital Management LP | 1.8M | $26.7M | -2.7% | 1.043% | 4.51% |
| 16 | NORTHERN TRUST CORP | 1.6M | $24.1M | +4.9% | 0.941% | 0.00% |
| 17 | GOLDMAN SACHS GROUP INC | 1.5M | $22.5M | -5.0% | 0.877% | 0.00% |
| 18 | PRINCIPAL FINANCIAL GROUP INC | 1.3M | $19.1M | +56.8% | 0.747% | 0.01% |
| 19 | Nuveen, LLC | 1.1M | $17.0M | +0.4% | 0.665% | 0.00% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 1.1M | $16.5M | — | 0.644% | 0.00% |
| 21 | Bank of New York Mellon Corp | 1.1M | $16.1M | -3.6% | 0.629% | 0.00% |
| 22 | UBS Group AG | 1.0M | $14.9M | -66.9% | 0.583% | 0.00% |
| 23 | CONGRESS ASSET MANAGEMENT CO /MA | 989K | $14.7M | +27.3% | 0.573% | 0.11% |
| 24 | SEI INVESTMENTS CO | 824K | $12.2M | +66.7% | 0.477% | 0.01% |
| 25 | RENAISSANCE TECHNOLOGIES LLC | 663K | $9.8M | +20.5% | 0.384% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HE — a direct measure of their conviction.
Filings activity in HE during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 336 | +6.7% | 86.55% | +16.34 pp | $2.00B | +23% |
| Q4 2025 | 315 | +7.9% | 70.21% | +15.03 pp | $1.62B | +27% |
| Q3 2025 | 292 | +5.8% | 55.18% | +1.97 pp | $1.27B | +3.7% |
| Q2 2025 | 276 | 0.4% | 53.21% | 3.77 pp | $1.23B | 6.6% |
| Q1 2025 | 277 | 3.1% | 56.98% | +11.29 pp | $1.32B | +25% |
| Q4 2024 | 286 | +0.7% | 45.69% | 15.94 pp | $1.06B | 26% |
| Q3 2024 | 284 | +2.5% | 61.63% | +34.03 pp | $1.42B | +123% |
| Q2 2024 | 277 | — | 27.60% | — | $638M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying HE stock.
Based on Q1 2026 13F filings, institutional ownership of Hawaiian Electric Industries, Inc. stands at 86.6%, held across 336 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of HE, with approximately 25,747,102 shares worth $0.38B as of Q1 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of HE, including CITADEL ADVISORS LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for HE is 74 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
70 institutions opened new positions in HE during Q1 2026, while 49 fully exited. 228 added to existing positions and 35 trimmed.
HE institutional ownership rose by 16.34 percentage points quarter-over-quarter, with a net change of +21 holders.
The top 10 institutions account for 68.1% of all reported 13F value in HE, and the top 25 account for 85.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Hawaiian Electric Industries, Inc. (HE) Institutional Ownership