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Heritage Global Inc.

HGBL
Exchange
Nasdaq
Industry
Services-Business Services, NEC
SEC CIK
0000849145

In the last 90 days, Heritage Global Inc. insiders filed 3 open-market purchases and 1 sale; 36 institutions reported holding it in 13F filings for Q2 2026, worth $14.3M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Heritage Global Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
38
+1 vs. Q2 2025
Shares held
13.2M
+241.4K (+1.9%) vs. Q2 2025
Total value
$21.8M
−$6.83M (−23.8%) vs. Q2 2025
New holders
3
10 more added
Sold out
2
11 more reduced

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting HGBL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 38 institutions
Q1 2021: 25 institutionsQ2 2021: 25 institutionsQ3 2021: 24 institutionsQ4 2021: 27 institutionsQ1 2022: 28 institutionsQ2 2022: 24 institutionsQ3 2022: 25 institutionsQ4 2022: 28 institutionsQ1 2023: 28 institutionsQ2 2023: 51 institutionsQ3 2023: 57 institutionsQ4 2023: 54 institutionsQ1 2024: 56 institutionsQ2 2024: 49 institutionsQ3 2024: 43 institutionsQ4 2024: 39 institutionsQ1 2025: 42 institutionsQ2 2025: 38 institutionsQ3 2025: 38 institutionsQ4 2025: 41 institutionsQ1 2026: 38 institutionsQ2 2026: 36 institutions
Value heldQ3 2025: $21.8M
Q1 2021: $15.7MQ2 2021: $13.3MQ3 2021: $12.3MQ4 2021: $12.0MQ1 2022: $6.90MQ2 2022: $10.2MQ3 2022: $9.08MQ4 2022: $13.3MQ1 2023: $21.7MQ2 2023: $36.4MQ3 2023: $30.6MQ4 2023: $27.9MQ1 2024: $26.4MQ2 2024: $23.2MQ3 2024: $15.2MQ4 2024: $26.3MQ1 2025: $31.2MQ2 2025: $28.7MQ3 2025: $21.8MQ4 2025: $16.5MQ1 2026: $17.2MQ2 2026: $14.3M
Institutions holding HGBL and their total value by quarter
QuarterHoldersValue
Q2 202636$14.3M
Q1 202638$17.2M
Q4 202541$16.5M
Q3 202538$21.8M
Q2 202538$28.7M
Q1 202542$31.2M
Q4 202439$26.3M
Q3 202443$15.2M
Q2 202449$23.2M
Q1 202456$26.4M
Q4 202354$27.9M
Q3 202357$30.6M
Q2 202351$36.4M
Q1 202328$21.7M
Q4 202228$13.3M
Q3 202225$9.08M
Q2 202224$10.2M
Q1 202228$6.90M
Q4 202127$12.0M
Q3 202124$12.3M
Q2 202125$13.3M
Q1 202125$15.7M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Heritage Global Inc.; share changes are against Q2 2025.

Institutions holding HGBL in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Punch & Associates Investment Management, Inc.2,475,228$4.11M0.24%+21,175+0.9%Added
Mink Brook Asset Management LLC1,882,222$3.12M2.10%+15,201+0.8%Added
Vanguard Group Inc1,860,027$3.09M0.00%−13,200−0.7%Reduced
Topline Capital Management, LLC1,678,507$2.79M0.48%00.0%Unchanged
Truffle Hound Capital, LLC1,100,000$1.83M1.15%+179,843+19.5%Added
Koshinski Asset Management, Inc.917,304$1.52M0.10%00.0%Unchanged
Militia Capital Partners, LP563,873$936.0K0.44%−20,605−3.5%Reduced
Wynnefield Capital Inc401,030$665.7K0.40%00.0%Unchanged
Renaissance Technologies LLC371,332$616.4K0.00%+24,826+7.2%Added
Geode Capital Management, LLC357,774$594.0K0.00%−15,273−4.1%Reduced
Perritt Capital Management Inc295,866$491.1K0.23%+23,400+8.6%Added
Dimensional Fund Advisors LP272,317$452.3K0.00%−21,365−7.3%Reduced
Ridgewood Investments LLC241,165$400.3K0.17%00.0%Unchanged
BlackRock, Inc.136,684$226.9K0.00%+4,151+3.1%Added
State Street Corp116,566$193.5K0.00%00.0%Unchanged
Citadel Advisors LLC73,465$122.0K0.00%+10,672+17.0%Added
Man Group plc59,290$98.4K0.00%−584−1.0%Reduced
RBF Capital, LLC54,283$90.1K0.00%00.0%Unchanged
Susquehanna International Group, LLP42,738$70.9K0.00%+42,738New
Goldman Sachs Group Inc38,439$63.8K0.00%−2,375−5.8%Reduced
Northern Trust Corp36,865$61.2K0.00%−20,833−36.1%Reduced
Heron Bay Capital Management34,717$57.6K0.01%−805−2.3%Reduced
Wealth Enhancement Advisory Services, LLC25,758$40.6K0.00%00.0%Unchanged
Gsa Capital Partners LLP21,928$36.0K0.00%+11,126+103.0%Added
Morgan Stanley18,668$31.0K0.00%00.0%Unchanged
Virtu Financial LLC16,796$28.0K0.00%+16,796New
Charles Schwab Investment Management Inc16,791$27.9K0.00%00.0%Unchanged
Evergreen Capital Management LLC11,878$19.7K0.00%00.0%Unchanged
Jane Street Group, LLC10,009$16.6K0.00%+10,009New
Royal Bank of Canada5,816$10.0K0.00%+34+0.6%Added
Parallel Advisors, LLC4,000$6.64K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)2,871$4.77K0.00%+1,357+89.6%Added
Advisor Group Holdings, Inc.2,750$4.59K0.00%00.0%Unchanged
Wells Fargo & Company2,500$4.15K0.00%00.0%Unchanged
TD Waterhouse Canada Inc.678$1.11K0.00%00.0%Unchanged
Bank of America Corp272$4520.00%−265−49.3%Reduced
Archer Investment Corp25$420.00%−10−28.6%Reduced
UBS Group AG16$270.00%−13,643−99.9%Reduced
Raymond James Financial Inc0$00.00%−6,940−100.0%Sold out
FMR LLC0$00.00%−4,041−100.0%Sold out
Parkside Advisors LLC––––Not filed