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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
Two Sigma Advisers, LP32,800$624.5K0.00%−7,000−17.6%Reduced
Los Angeles Capital Management LLC31,961$646.3K0.00%+262+0.8%Added
Wells Fargo & Company34,014$647.6K0.00%+14,318+72.7%Added
Shay Capital LLC35,000$666.4K0.11%00.0%Unchanged
Canada Pension Plan Investment Board37,300$710.2K0.00%+37,300New
Creative Planning38,167$726.7K0.00%−2,873−7.0%Reduced
HRT Financial LP38,195$727.0K0.00%+38,195New
Rhumbline Advisers38,564$734.2K0.00%−6,855−15.1%Reduced
Levin Capital Strategies, L.P.42,308$805.5K0.07%+8,691+25.9%Added
Martingale Asset Management L P44,943$855.7K0.02%+44,943New
Pekin Hardy Strauss, Inc.50,600$963.4K0.09%+5,000+11.0%Added
Bank of America Corp52,706$1.00M0.00%+9,379+21.6%Added
Russell Investments Group, Ltd.55,115$1.05M0.00%−1,429−2.5%Reduced
UBS Group AG56,613$1.08M0.00%−32,320−36.3%Reduced
Arrowpoint Investment Partners (Singapore) Pte. Ltd.56,900$1.08M0.16%+56,200+8,028.6%Added
State of Wisconsin Investment Board58,182$1.11M0.00%+7,454+14.7%Added
SEI Investments Co59,911$1.14M0.00%+59,911New
Swiss National Bank63,700$1.21M0.00%+63,700New
Engineers Gate Manager LP64,405$1.23M0.01%−5,600−8.0%Reduced
Gotham Asset Management, LLC66,272$1.26M0.00%−7,452−10.1%Reduced
Invesco Ltd.69,020$1.31M0.00%−23,756−25.6%Reduced
Barings LLC69,239$1.32M0.02%00.0%Unchanged
Resolute Capital Asset Partners LLC70,000$1.33M0.64%+70,000New
Verition Fund Management LLC70,010$1.33M0.01%−173,037−71.2%Reduced
Jackson Creek Investment Advisors LLC71,590$1.36M0.40%+71,590New
JPMorgan Chase & Co72,928$1.39M0.00%−77,807−51.6%Reduced
Hudson Bay Capital Management LP75,430$1.44M0.01%−4,119−5.2%Reduced
Great Lakes Advisors, LLC77,973$1.48M0.01%−36,205−31.7%Reduced
Wexford Capital LP78,900$1.50M0.39%−12,100−13.3%Reduced
Bridgeway Capital Management, LLC83,903$1.60M0.03%−407,100−82.9%Reduced
Empowered Funds, LLC84,368$1.61M0.03%−179,535−68.0%Reduced
Kestra Advisory Services, LLC92,006$1.75M0.01%+92,006New
Voya Investment Management LLC101,029$1.92M0.00%−37,081−26.8%Reduced
Barclays PLC101,495$1.93M0.00%−17,114−14.4%Reduced
Jane Street Group, LLC105,069$2.00M0.00%+105,069New
Dayah Capital LLC111,095$2.12M1.42%+111,095New
Marshall Wace, LLP113,899$2.17M0.00%+113,899New
AQR Capital Management LLC117,297$2.23M0.00%−2,780−2.3%Reduced
Citadel Advisors LLC126,547$2.41M0.00%+80,221+173.2%Added
Hillsdale Investment Management Inc.139,700$2.66M0.07%+139,700New
Trexquant Investment LP150,103$2.86M0.03%−39,610−20.9%Reduced
Qube Research & Technologies Ltd151,511$2.88M0.00%+63,585+72.3%Added
Connor, Clark & Lunn Investment Management Ltd.155,266$2.96M0.01%+6,704+4.5%Added
JB Capital Partners LP160,000$3.05M0.52%00.0%Unchanged
Algert Global LLC177,680$3.38M0.05%+177,680New
Goldman Sachs Group Inc228,028$4.34M0.00%−47,635−17.3%Reduced
EAM Investors, LLC237,667$4.53M0.50%+202,432+574.5%Added
D. E. Shaw & Co., Inc.241,089$4.59M0.00%+79,156+48.9%Added
ExodusPoint Capital Management, LP245,305$4.67M0.05%+42,218+20.8%Added
Northern Trust Corp276,088$5.26M0.00%−7,151−2.5%Reduced
Steamboat Capital Partners, LLC292,029$5.56M1.53%−918−0.3%Reduced
Renaissance Technologies LLC299,455$5.70M0.01%−26,700−8.2%Reduced
Bank of New York Mellon Corp319,404$6.08M0.00%+233,500+271.8%Added
Value Aligned Research Advisors, LLC320,759$6.11M0.13%00.0%Unchanged
Garnet Equity Capital Holdings, Inc.357,840$6.81M3.39%+57,940+19.3%Added
Charles Schwab Investment Management Inc393,645$7.50M0.00%+49,449+14.4%Added
Morgan Stanley402,393$7.66M0.00%−58,090−12.6%Reduced
Deutsche Bank AG405,277$7.72M0.00%+383,020+1,720.9%Added
Nokomis Capital, L.L.C.497,531$9.47M2.64%+135,000+37.2%Added
FMR LLC520,164$9.90M0.00%+103,281+24.8%Added
Millennium Management LLC609,318$11.6M0.01%+84,238+16.0%Added
Nuveen, LLC628,533$12.0M0.00%+177,205+39.3%Added
State Street Corp672,044$12.8M0.00%+14,101+2.1%Added
Geode Capital Management, LLC825,105$15.7M0.00%+40,980+5.2%Added
Prudential Financial Inc848,418$16.2M0.02%+415,228+95.9%Added
Dimensional Fund Advisors LP913,202$17.4M0.00%+40,245+4.6%Added
Apis Capital Advisors, LLC914,000$17.4M3.03%+60,000+7.0%Added
Ameriprise Financial Inc1,056,984$20.1M0.00%+7,168+0.7%Added
American Century Companies Inc1,254,389$23.9M0.01%+69,516+5.9%Added
Point72 Asset Management, L.P.1,464,153$27.9M0.04%−144,207−9.0%Reduced
Orbis Allan Gray Ltd1,490,148$28.4M0.12%−421,639−22.1%Reduced
Aegis Financial Corp1,814,026$34.5M8.24%−196,968−9.8%Reduced
Vanguard Group Inc2,320,508$44.2M0.00%+90,207+4.0%Added
BlackRock, Inc.2,324,726$44.3M0.00%+165,471+7.7%Added
Lubar & Co., Inc5,452,019$103.8M77.33%+5,452,019New
Empyrean Capital Partners, LP0$00.00%−354,476−100.0%Sold out
Two Sigma Investments, LP0$00.00%−143,325−100.0%Sold out
Tudor Investment Corp Et Al0$00.00%−82,250−100.0%Sold out
Squarepoint Ops LLC0$00.00%−70,449−100.0%Sold out
Sierra Summit Advisors LLC0$00.00%−54,384−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−47,126−100.0%Sold out
CastleKnight Management LP0$00.00%−35,200−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−29,037−100.0%Sold out
Counterpoint Mutual Funds LLC0$00.00%−22,119−100.0%Sold out
PEAK6 LLC0$00.00%−20,110−100.0%Sold out
Parallax Volatility Advisers, L.P.0$00.00%−18,937−100.0%Sold out
Walleye Capital LLC0$00.00%−17,820−100.0%Sold out
Beryl Capital Management LLC0$00.00%−17,799−100.0%Sold out
Militia Capital Partners, LP0$00.00%−14,600−100.0%Sold out
Susquehanna International Group, LLP0$00.00%−11,307−100.0%Sold out
PharVision Advisers, LLC0$00.00%−11,278−100.0%Sold out
Manufacturers Life Insurance Company, The0$00.00%−10,623−100.0%Sold out
Covestor Ltd0$00.00%−7,608−100.0%Sold out
Pinnacle Holdings, LLC0$00.00%−5,244−100.0%Sold out
Walleye Trading LLC0$00.00%−2,512−100.0%Sold out
Allworth Financial LP0$00.00%−239−100.0%Sold out
Clearstead Advisors, LLC0$00.00%−60−100.0%Sold out
Advisory Services Network, LLC0$00.00%−27−100.0%Sold out
Glenmede Investment Management, LP––––Not filed
Pineridge Advisors LLC––––Not filed