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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
Hughes Financial Services, LLC1$190.00%+1New
MAI Capital Management4$770.00%+4New
Massmutual Trust Co FSB5$950.00%00.0%Unchanged
SRS Capital Advisors, Inc.6$1140.00%+6New
Kilter Group LLC11$2100.00%00.0%Unchanged
Breakwater Investment Management25$4760.00%+25New
Triumph Capital Management50$9520.00%+50New
Rothschild Investment LLC57$1.08K0.00%+2+3.6%Added
Parkside Financial Bank & Trust60$1.14K0.00%00.0%Unchanged
WPG Advisers, LLC65$1.24K0.00%+65New
UMA Financial Services, Inc.68$1.29K0.00%00.0%Unchanged
Quadrant Capital Group LLC81$1.54K0.00%00.0%Unchanged
Optiver Holding B.V.119$2.27K0.00%−109−47.8%Reduced
Rockefeller Capital Management L.P.178$3.39K0.00%+178New
SBI Securities Co., Ltd.191$3.64K0.00%00.0%Unchanged
Essential Partners LLC199$3.79K0.00%00.0%Unchanged
Signaturefd, LLC200$3.81K0.00%00.0%Unchanged
Bullock Wealth Management Group236$4.49K0.00%00.0%Unchanged
Quarry LP242$4.61K0.00%−1,605−86.9%Reduced
Federated Hermes, Inc.274$5.22K0.00%+274New
True Wealth Design, LLC334$6.36K0.00%00.0%Unchanged
Sterling Capital Management LLC345$6.57K0.00%+127+58.3%Added
State of Wyoming347$6.61K0.00%−6,807−95.1%Reduced
Larson Financial Group LLC373$7.10K0.00%+254+213.4%Added
Nisa Investment Advisors, LLC392$7.46K0.00%−222−36.2%Reduced
The PNC Financial Services Group, Inc.395$7.52K0.00%+80+25.4%Added
Farther Finance Advisors, LLC466$8.87K0.00%+81+21.0%Added
CoreCap Advisors, LLC495$9.43K0.00%00.0%Unchanged
NBC Securities, Inc.500$9.52K0.00%00.0%Unchanged
Hurley Capital, LLC500$9.52K0.01%00.0%Unchanged
Independence Bank of Kentucky500$9.52K0.00%00.0%Unchanged
Comerica Bank617$11.7K0.00%+617New
Smartleaf Asset Management LLC699$13.3K0.00%+699New
Advisor Group Holdings, Inc.813$15.5K0.00%−36,273−97.8%Reduced
GAMMA Investing LLC929$17.7K0.00%+185+24.9%Added
Amalgamated Bank975$19.0K0.00%+103+11.8%Added
Tower Research Capital LLC (TRC)1,190$22.7K0.00%−457−27.7%Reduced
Global Retirement Partners, LLC1,194$22.7K0.00%+1,162+3,631.3%Added
Royal Bank of Canada1,413$27.0K0.00%+679+92.5%Added
State of Alaska, Department of Revenue1,645$31.0K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC2,075$39.5K0.00%−49−2.3%Reduced
USA Financial Portformulas Corp2,194$41.8K0.01%+2,194New
Meeder Asset Management Inc2,296$43.7K0.00%+2,296New
Ameritas Investment Partners, Inc.2,593$49.4K0.00%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.2,660$50.6K0.01%+2,660New
Brooklands Fund Management Ltd4,150$76.7K0.04%+4,150New
Nemes Rush Group LLC4,161$79.2K0.01%−469−10.1%Reduced
Hilltop National Bank4,500$85.7K0.02%00.0%Unchanged
Citigroup Inc5,574$106.1K0.00%+4,131+286.3%Added
Caitong International Asset Management Co., Ltd6,380$121.5K0.03%+6,346+18,664.7%Added
Group One Trading, L.P.7,307$139.1K0.00%+7,307New
BNP Paribas Arbitrage, SA7,312$139.2K0.00%+1,225+20.1%Added
Byrne Asset Management LLC7,870$149.8K0.08%+7,870New
US Bancorp7,911$150.6K0.00%−28−0.4%Reduced
CWM, LLC7,988$152.0K0.00%+30.0%Added
Acadian Asset Management LLC8,152$153.0K0.00%+8,152New
Quest Partners LLC8,295$157.9K0.01%+314+3.9%Added
Zurcher Kantonalbank (Zurich Cantonalbank)8,513$162.1K0.00%+8,513New
Police & Firemen's Retirement System of New Jersey8,791$167.4K0.00%00.0%Unchanged
Acorn Creek Capital LLC10,000$190.4K0.07%00.0%Unchanged
Quantbot Technologies LP10,362$197.3K0.01%+9,780+1,680.4%Added
Dark Forest Capital Management LP11,154$212.4K0.01%+11,154New
Savant Capital, LLC11,202$213.3K0.00%−285−2.5%Reduced
Natixis11,300$215.2K0.00%+11,300New
Versor Investments LP11,400$217.1K0.03%+11,400New
Oxford Asset Management LLP11,411$217.3K0.08%+11,411New
Permanent Capital Management, LP11,777$224.2K0.04%00.0%Unchanged
Brevan Howard Capital Management LP12,414$236.4K0.00%+12,414New
Cetera Investment Advisers12,761$243.0K0.00%+12,761New
LPL Financial LLC12,936$246.3K0.00%+12,936New
Glenmede Trust Co NA13,000$247.5K0.00%+13,000New
New York State Common Retirement Fund13,188$251.1K0.00%00.0%Unchanged
Legal & General Group Plc14,102$268.5K0.00%+7,940+128.9%Added
Vestcor Inc14,270$272.0K0.01%00.0%Unchanged
Mirae Asset Global ETFs Holdings Ltd.14,439$274.9K0.00%+128+0.9%Added
O'Shaughnessy Asset Management, LLC14,514$276.3K0.00%−3,508−19.5%Reduced
STRS Ohio14,600$278.0K0.00%00.0%Unchanged
Janus Henderson Group PLC16,900$321.9K0.00%+16,900New
Bleakley Financial Group, LLC17,592$335.0K0.01%+230+1.3%Added
Axq Capital, LP18,002$342.8K0.08%+18,002New
Intech Investment Management LLC18,014$343.0K0.00%+5,473+43.6%Added
Lazard Asset Management LLC18,220$346.9K0.00%+18,220New
Price T Rowe Associates Inc18,208$347.0K0.00%+1,746+10.6%Added
MetLife Investment Management18,483$351.9K0.00%00.0%Unchanged
Prelude Capital Management, LLC18,655$355.2K0.03%+18,655New
Massar Capital Management, LP18,687$355.8K0.07%+18,687New
Y-Intercept (Hong Kong) Ltd18,761$357.2K0.01%−82,256−81.4%Reduced
UBS Asset Management Americas Inc19,214$365.8K0.00%+19,214New
Fox Run Management, L.L.C.19,799$377.0K0.06%+19,799New
Quantinno Capital Management LP22,908$436.2K0.00%+3,118+15.8%Added
Peloton Wealth Strategists24,000$457.0K0.18%+5,000+26.3%Added
Exchange Traded Concepts, LLC24,767$471.6K0.00%−1,579−6.0%Reduced
SG Americas Securities, LLC25,046$477.0K0.00%+8,881+54.9%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main25,927$493.6K0.00%+25,927New
Man Group plc29,969$570.6K0.00%−19,120−38.9%Reduced
Alliancebernstein L.P.30,480$580.3K0.00%00.0%Unchanged
Cambria Investment Management, L.P.30,618$583.0K0.03%−8,368−21.5%Reduced
BKD Wealth Advisors, LLC31,501$599.8K0.01%00.0%Unchanged
Simplex Trading, LLC31,631$602.3K0.02%−5,760−15.4%Reduced
Corsair Capital Management, L.P.32,509$619.0K0.10%−12,491−27.8%Reduced