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Hallador Energy Co

HNRG
Exchange
Nasdaq
Industry
Electric Services
SEC CIK
0000788965

In the last 90 days, Hallador Energy Co insiders filed 2 open-market purchases and 0 sales; 172 institutions reported holding it in 13F filings for Q2 2026, worth $629.4M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Hallador Energy Co 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
175
+25 vs. Q3 2025
Shares held
32.1M
+6.50M (+25.4%) vs. Q3 2025
Total value
$611.0M
+$110.4M (+22.0%) vs. Q3 2025
New holders
48
53 more added
Sold out
23
44 more reduced

2 institutions 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 HNRG 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 holdersQ4 2025: 175 institutions
Q1 2021: 39 institutionsQ2 2021: 42 institutionsQ3 2021: 43 institutionsQ4 2021: 45 institutionsQ1 2022: 52 institutionsQ2 2022: 51 institutionsQ3 2022: 53 institutionsQ4 2022: 66 institutionsQ1 2023: 67 institutionsQ2 2023: 78 institutionsQ3 2023: 86 institutionsQ4 2023: 106 institutionsQ1 2024: 97 institutionsQ2 2024: 109 institutionsQ3 2024: 115 institutionsQ4 2024: 123 institutionsQ1 2025: 134 institutionsQ2 2025: 145 institutionsQ3 2025: 152 institutionsQ4 2025: 175 institutionsQ1 2026: 184 institutionsQ2 2026: 172 institutions
Value heldQ4 2025: $611.0M
Q1 2021: $11.0MQ2 2021: $17.3MQ3 2021: $21.4MQ4 2021: $17.3MQ1 2022: $28.7MQ2 2022: $48.7MQ3 2022: $46.8MQ4 2022: $105.8MQ1 2023: $103.6MQ2 2023: $109.0MQ3 2023: $193.1MQ4 2023: $134.2MQ1 2024: $82.2MQ2 2024: $146.6MQ3 2024: $179.8MQ4 2024: $252.2MQ1 2025: $300.4MQ2 2025: $416.2MQ3 2025: $500.9MQ4 2025: $611.0MQ1 2026: $557.3MQ2 2026: $629.4M
Institutions holding HNRG and their total value by quarter
QuarterHoldersValue
Q2 2026172$629.4M
Q1 2026184$557.3M
Q4 2025175$611.0M
Q3 2025152$500.9M
Q2 2025145$416.2M
Q1 2025134$300.4M
Q4 2024123$252.2M
Q3 2024115$179.8M
Q2 2024109$146.6M
Q1 202497$82.2M
Q4 2023106$134.2M
Q3 202386$193.1M
Q2 202378$109.0M
Q1 202367$103.6M
Q4 202266$105.8M
Q3 202253$46.8M
Q2 202251$48.7M
Q1 202252$28.7M
Q4 202145$17.3M
Q3 202143$21.4M
Q2 202142$17.3M
Q1 202139$11.0M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Hallador Energy Co; share changes are against Q3 2025.

Institutions holding HNRG in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Lubar & Co., Inc5,452,019$103.8M77.33%+5,452,019New
BlackRock, Inc.2,324,726$44.3M0.00%+165,471+7.7%Added
Vanguard Group Inc2,320,508$44.2M0.00%+90,207+4.0%Added
Aegis Financial Corp1,814,026$34.5M8.24%−196,968−9.8%Reduced
Orbis Allan Gray Ltd1,490,148$28.4M0.12%−421,639−22.1%Reduced
Point72 Asset Management, L.P.1,464,153$27.9M0.04%−144,207−9.0%Reduced
American Century Companies Inc1,254,389$23.9M0.01%+69,516+5.9%Added
Ameriprise Financial Inc1,056,984$20.1M0.00%+7,168+0.7%Added
Apis Capital Advisors, LLC914,000$17.4M3.03%+60,000+7.0%Added
Dimensional Fund Advisors LP913,202$17.4M0.00%+40,245+4.6%Added
Prudential Financial Inc848,418$16.2M0.02%+415,228+95.9%Added
Geode Capital Management, LLC825,105$15.7M0.00%+40,980+5.2%Added
State Street Corp672,044$12.8M0.00%+14,101+2.1%Added
Nuveen, LLC628,533$12.0M0.00%+177,205+39.3%Added
Millennium Management LLC609,318$11.6M0.01%+84,238+16.0%Added
FMR LLC520,164$9.90M0.00%+103,281+24.8%Added
Nokomis Capital, L.L.C.497,531$9.47M2.64%+135,000+37.2%Added
Deutsche Bank AG405,277$7.72M0.00%+383,020+1,720.9%Added
Morgan Stanley402,393$7.66M0.00%−58,090−12.6%Reduced
Charles Schwab Investment Management Inc393,645$7.50M0.00%+49,449+14.4%Added
Garnet Equity Capital Holdings, Inc.357,840$6.81M3.39%+57,940+19.3%Added
Value Aligned Research Advisors, LLC320,759$6.11M0.13%00.0%Unchanged
Bank of New York Mellon Corp319,404$6.08M0.00%+233,500+271.8%Added
Renaissance Technologies LLC299,455$5.70M0.01%−26,700−8.2%Reduced
Steamboat Capital Partners, LLC292,029$5.56M1.53%−918−0.3%Reduced
Northern Trust Corp276,088$5.26M0.00%−7,151−2.5%Reduced
ExodusPoint Capital Management, LP245,305$4.67M0.05%+42,218+20.8%Added
D. E. Shaw & Co., Inc.241,089$4.59M0.00%+79,156+48.9%Added
EAM Investors, LLC237,667$4.53M0.50%+202,432+574.5%Added
Goldman Sachs Group Inc228,028$4.34M0.00%−47,635−17.3%Reduced
Algert Global LLC177,680$3.38M0.05%+177,680New
JB Capital Partners LP160,000$3.05M0.52%00.0%Unchanged
Connor, Clark & Lunn Investment Management Ltd.155,266$2.96M0.01%+6,704+4.5%Added
Qube Research & Technologies Ltd151,511$2.88M0.00%+63,585+72.3%Added
Trexquant Investment LP150,103$2.86M0.03%−39,610−20.9%Reduced
Hillsdale Investment Management Inc.139,700$2.66M0.07%+139,700New
Citadel Advisors LLC126,547$2.41M0.00%+80,221+173.2%Added
AQR Capital Management LLC117,297$2.23M0.00%−2,780−2.3%Reduced
Marshall Wace, LLP113,899$2.17M0.00%+113,899New
Dayah Capital LLC111,095$2.12M1.42%+111,095New
Jane Street Group, LLC105,069$2.00M0.00%+105,069New
Barclays PLC101,495$1.93M0.00%−17,114−14.4%Reduced
Voya Investment Management LLC101,029$1.92M0.00%−37,081−26.8%Reduced
Kestra Advisory Services, LLC92,006$1.75M0.01%+92,006New
Empowered Funds, LLC84,368$1.61M0.03%−179,535−68.0%Reduced
Bridgeway Capital Management, LLC83,903$1.60M0.03%−407,100−82.9%Reduced
Wexford Capital LP78,900$1.50M0.39%−12,100−13.3%Reduced
Great Lakes Advisors, LLC77,973$1.48M0.01%−36,205−31.7%Reduced
Hudson Bay Capital Management LP75,430$1.44M0.01%−4,119−5.2%Reduced
JPMorgan Chase & Co72,928$1.39M0.00%−77,807−51.6%Reduced
Jackson Creek Investment Advisors LLC71,590$1.36M0.40%+71,590New
Verition Fund Management LLC70,010$1.33M0.01%−173,037−71.2%Reduced
Resolute Capital Asset Partners LLC70,000$1.33M0.64%+70,000New
Barings LLC69,239$1.32M0.02%00.0%Unchanged
Invesco Ltd.69,020$1.31M0.00%−23,756−25.6%Reduced
Gotham Asset Management, LLC66,272$1.26M0.00%−7,452−10.1%Reduced
Engineers Gate Manager LP64,405$1.23M0.01%−5,600−8.0%Reduced
Swiss National Bank63,700$1.21M0.00%+63,700New
SEI Investments Co59,911$1.14M0.00%+59,911New
State of Wisconsin Investment Board58,182$1.11M0.00%+7,454+14.7%Added
Arrowpoint Investment Partners (Singapore) Pte. Ltd.56,900$1.08M0.16%+56,200+8,028.6%Added
UBS Group AG56,613$1.08M0.00%−32,320−36.3%Reduced
Russell Investments Group, Ltd.55,115$1.05M0.00%−1,429−2.5%Reduced
Bank of America Corp52,706$1.00M0.00%+9,379+21.6%Added
Pekin Hardy Strauss, Inc.50,600$963.4K0.09%+5,000+11.0%Added
Martingale Asset Management L P44,943$855.7K0.02%+44,943New
Levin Capital Strategies, L.P.42,308$805.5K0.07%+8,691+25.9%Added
Rhumbline Advisers38,564$734.2K0.00%−6,855−15.1%Reduced
HRT Financial LP38,195$727.0K0.00%+38,195New
Creative Planning38,167$726.7K0.00%−2,873−7.0%Reduced
Canada Pension Plan Investment Board37,300$710.2K0.00%+37,300New
Shay Capital LLC35,000$666.4K0.11%00.0%Unchanged
Wells Fargo & Company34,014$647.6K0.00%+14,318+72.7%Added
Los Angeles Capital Management LLC31,961$646.3K0.00%+262+0.8%Added
Two Sigma Advisers, LP32,800$624.5K0.00%−7,000−17.6%Reduced
Corsair Capital Management, L.P.32,509$619.0K0.10%−12,491−27.8%Reduced
Simplex Trading, LLC31,631$602.3K0.02%−5,760−15.4%Reduced
BKD Wealth Advisors, LLC31,501$599.8K0.01%00.0%Unchanged
Cambria Investment Management, L.P.30,618$583.0K0.03%−8,368−21.5%Reduced
Alliancebernstein L.P.30,480$580.3K0.00%00.0%Unchanged
Man Group plc29,969$570.6K0.00%−19,120−38.9%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main25,927$493.6K0.00%+25,927New
SG Americas Securities, LLC25,046$477.0K0.00%+8,881+54.9%Added
Exchange Traded Concepts, LLC24,767$471.6K0.00%−1,579−6.0%Reduced
Peloton Wealth Strategists24,000$457.0K0.18%+5,000+26.3%Added
Quantinno Capital Management LP22,908$436.2K0.00%+3,118+15.8%Added
Fox Run Management, L.L.C.19,799$377.0K0.06%+19,799New
UBS Asset Management Americas Inc19,214$365.8K0.00%+19,214New
Y-Intercept (Hong Kong) Ltd18,761$357.2K0.01%−82,256−81.4%Reduced
Massar Capital Management, LP18,687$355.8K0.07%+18,687New
Prelude Capital Management, LLC18,655$355.2K0.03%+18,655New
MetLife Investment Management18,483$351.9K0.00%00.0%Unchanged
Price T Rowe Associates Inc18,208$347.0K0.00%+1,746+10.6%Added
Lazard Asset Management LLC18,220$346.9K0.00%+18,220New
Intech Investment Management LLC18,014$343.0K0.00%+5,473+43.6%Added
Axq Capital, LP18,002$342.8K0.08%+18,002New
Bleakley Financial Group, LLC17,592$335.0K0.01%+230+1.3%Added
Janus Henderson Group PLC16,900$321.9K0.00%+16,900New
STRS Ohio14,600$278.0K0.00%00.0%Unchanged
O'Shaughnessy Asset Management, LLC14,514$276.3K0.00%−3,508−19.5%Reduced