| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 30.2M | $466.2M | +4.5% | 4.505% | 0.01% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 29.9M | $461.6M | -5.4% | 4.460% | 0.02% |
| 6 | Invesco Ltd. | 20.2M | $311.9M | +57.9% | 3.013% | 0.02% |
| 7 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 19.7M | $303.5M | -4.6% | 2.933% | 0.36% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 14.4M | $222.2M | -23.3% | 2.147% | 0.01% |
| 9 | DIMENSIONAL FUND ADVISORS LP | 12.8M | $197.9M | +1.7% | 1.913% | 0.04% |
| 10 | JANE STREET GROUP, LLC | 11.3M | $174.5M | +7.0% | 1.687% | 0.01% |
| 11 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 10.2M | $157.7M | +4.9% | 1.523% | 0.01% |
| 12 | TWO SIGMA INVESTMENTS, LP | 10.0M | $154.0M | +126.1% | 1.488% | 0.11% |
| 13 | RENAISSANCE TECHNOLOGIES LLC | 9.7M | $150.2M | +149.5% | 1.451% | 0.21% |
| 14 | GOLDMAN SACHS GROUP INC | 8.0M | $123.5M | -20.4% | 1.193% | 0.01% |
| 15 | NORGES BANK | 7.2M | $111.7M | — | 1.079% | 0.01% |
| 16 | FEDERATED HERMES, INC. | 6.8M | $105.5M | +955.5% | 1.020% | 0.15% |
| 17 | CITADEL ADVISORS LLC | 6.4M | $98.2M | -29.1% | 0.949% | 0.01% |
| 18 | JUPITER ASSET MANAGEMENT LTD | 6.1M | $93.7M | +4.4% | 0.905% | 0.46% |
| 19 | NORTHERN TRUST CORP | 5.5M | $84.3M | -34.7% | 0.815% | 0.01% |
| 20 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 5.2M | $80.9M | -22.9% | 0.782% | 0.01% |
| 21 | MORGAN STANLEY | 4.9M | $76.0M | +7.2% | 0.734% | 0.00% |
| 22 | D. E. Shaw & Co., Inc. | 4.9M | $75.6M | -47.3% | 0.731% | 0.04% |
| 23 | FMR LLC | 4.9M | $75.3M | +52.5% | 0.727% | 0.00% |
| 24 | VANGUARD FIDUCIARY TRUST CO | 4.2M | $65.6M | -2.9% | 0.634% | 0.01% |
| 25 | Bank of New York Mellon Corp | 4.2M | $64.1M | -11.4% | 0.620% | 0.01% |
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 HL — a direct measure of their conviction.
Institutions that fully closed their HL position in Q2 2026
| 60.74% |
| +0.69 pp |
| $2.00B |
| +12% |
| Q4 2024 | 360 | +2.9% | 60.05% | 1.48 pp | $1.78B | 25% |
| Q3 2024 | 350 | — | 61.53% | — | $2.37B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
93 institutions opened new positions in HL during Q2 2026, while 77 fully exited. 96 added to existing positions and 373 trimmed.
HL institutional ownership rose by 0.41 percentage points quarter-over-quarter, with a net change of +29 holders.
The top 10 institutions account for 58.2% of all reported 13F value in HL, and the top 25 account for 78.6%.
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.