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, Q4 2025
Institutional positions in Heritage Global Inc. as of Dec 31, 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
- 41
- +4 vs. Q3 2025
- Shares held
- 13.3M
- +376.2K (+2.9%) vs. Q3 2025
- Total value
- $16.5M
- −$4.95M (−23.1%) vs. Q3 2025
- New holders
- 8
- 13 more added
- Sold out
- 4
- 8 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 36 | $14.3M |
| Q1 2026 | 38 | $17.2M |
| Q4 2025 | 41 | $16.5M |
| Q3 2025 | 38 | $21.8M |
| Q2 2025 | 38 | $28.7M |
| Q1 2025 | 42 | $31.2M |
| Q4 2024 | 39 | $26.3M |
| Q3 2024 | 43 | $15.2M |
| Q2 2024 | 49 | $23.2M |
| Q1 2024 | 56 | $26.4M |
| Q4 2023 | 54 | $27.9M |
| Q3 2023 | 57 | $30.6M |
| Q2 2023 | 51 | $36.4M |
| Q1 2023 | 28 | $21.7M |
| Q4 2022 | 28 | $13.3M |
| Q3 2022 | 25 | $9.08M |
| Q2 2022 | 24 | $10.2M |
| Q1 2022 | 28 | $6.90M |
| Q4 2021 | 27 | $12.0M |
| Q3 2021 | 24 | $12.3M |
| Q2 2021 | 25 | $13.3M |
| Q1 2021 | 25 | $15.7M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Heritage Global Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Punch & Associates Investment Management, Inc. | 2,384,652 | $2.96M | 0.17% | −90,576−3.7% | Reduced |
| Mink Brook Asset Management LLC | 2,028,844 | $2.52M | 1.59% | +146,622+7.8% | Added |
| Vanguard Group Inc | 1,874,040 | $2.32M | 0.00% | +14,013+0.8% | Added |
| Topline Capital Management, LLC | 1,850,964 | $2.30M | 0.21% | +172,457+10.3% | Added |
| Truffle Hound Capital, LLC | 1,100,000 | $1.36M | 0.80% | 00.0% | Unchanged |
| Koshinski Asset Management, Inc. | 917,304 | $1.14M | 0.07% | 00.0% | Unchanged |
| Militia Capital Partners, LP | 563,873 | $699.2K | 0.26% | 00.0% | Unchanged |
| Renaissance Technologies LLC | 377,517 | $468.1K | 0.00% | +6,185+1.7% | Added |
| Perritt Capital Management Inc | 360,866 | $447.5K | 0.75% | +65,000+22.0% | Added |
| Sentinus, LLC | 360,866 | $447.5K | 0.04% | +360,866 | New |
| Geode Capital Management, LLC | 360,176 | $446.7K | 0.00% | +2,402+0.7% | Added |
| Dimensional Fund Advisors LP | 209,612 | $260.0K | 0.00% | −62,705−23.0% | Reduced |
| BlackRock, Inc. | 139,954 | $173.5K | 0.00% | +3,270+2.4% | Added |
| State Street Corp | 116,566 | $144.5K | 0.00% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 90,836 | $112.6K | 0.00% | +48,098+112.5% | Added |
| Wynnefield Capital Inc | 79,426 | $98.5K | 0.06% | −321,604−80.2% | Reduced |
| Citadel Advisors LLC | 60,303 | $74.8K | 0.00% | −13,162−17.9% | Reduced |
| Man Group plc | 59,290 | $73.5K | 0.00% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 49,951 | $61.9K | 0.00% | +11,512+29.9% | Added |
| Northern Trust Corp | 36,865 | $45.7K | 0.00% | 00.0% | Unchanged |
| NorthRock Partners, LLC | 34,139 | $42.3K | 0.00% | +34,139 | New |
| Heron Bay Capital Management | 31,925 | $39.6K | 0.01% | −2,792−8.0% | Reduced |
| Acadian Asset Management LLC | 31,466 | $38.0K | 0.00% | +31,466 | New |
| Jane Street Group, LLC | 29,651 | $36.8K | 0.00% | +19,642+196.2% | Added |
| Wealth Enhancement Advisory Services, LLC | 25,758 | $32.5K | 0.00% | 00.0% | Unchanged |
| XTX Topco Ltd | 24,667 | $30.6K | 0.00% | +24,667 | New |
| Morgan Stanley | 18,668 | $23.1K | 0.00% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 13,653 | $16.9K | 0.00% | +13,653 | New |
| Evergreen Capital Management LLC | 11,878 | $14.7K | 0.00% | 00.0% | Unchanged |
| HRT Financial LP | 10,726 | $13.0K | 0.00% | +10,726 | New |
| Citigroup Inc | 9,893 | $12.3K | 0.00% | +9,893 | New |
| Royal Bank of Canada | 5,782 | $7.00K | 0.00% | −34−0.6% | Reduced |
| Parallel Advisors, LLC | 4,000 | $4.96K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 3,522 | $4.37K | 0.00% | +651+22.7% | Added |
| Advisor Group Holdings, Inc. | 2,745 | $3.40K | 0.00% | −5−0.2% | Reduced |
| Wells Fargo & Company | 2,505 | $3.11K | 0.00% | +5+0.2% | Added |
| UBS Group AG | 1,631 | $2.02K | 0.00% | +1,615+10,093.8% | Added |
| TD Waterhouse Canada Inc. | 678 | $841 | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 156 | $193 | 0.00% | −116−42.6% | Reduced |
| Smartleaf Asset Management LLC | 100 | $125 | 0.00% | +100 | New |
| Archer Investment Corp | 25 | $31 | 0.00% | 00.0% | Unchanged |
| RBF Capital, LLC | 0 | $0 | 0.00% | −54,283−100.0% | Sold out |
| Gsa Capital Partners LLP | 0 | $0 | 0.00% | −21,928−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −16,796−100.0% | Sold out |
| Charles Schwab Investment Management Inc | 0 | $0 | 0.00% | −16,791−100.0% | Sold out |
| Ridgewood Investments LLC | – | – | – | – | Not filed |