HCI Group

HCI • NYSE

HCI Group is a insurance - property & casualty company in the financial services sector on NYSE, led by Paresh Patel, with a market cap of $2.4B. As of Q3 2025, 78% of shares are held by 251 institutional investors, with BlackRock, Inc. as the largest holder at 13.65%.

Chairman and CEOParesh Patel

Market Cap$2.4B

Insurance - Property & Casualty

Financial Services

Employees578.0

Websitehcigroup.com

Country

United States of America

Overview

Overview of institutional ownership in HCI as of Q3 2025 with a market cap of $2.5B

All Institutions

Institutions: 251
Value Held: $1.9B
Shares Held: 10.1M
Avg Position: $7.7M
Median Position: $946.7K

Hedge Funds

Hedge Funds: 22
Value Held: $340.7M
Shares Held: 1.8M
Avg Position: $15.5M
Median Position: $6.9M

Ownership Breakdown

Institutional (non-HF)

64.23%

$1.6B

Hedge Funds

13.7%

$340.7M

Retail & Other

22.07%

$548.9M

Based on market cap of $2.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HCI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$339.6M 0.01% of portfolio	13.65% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$155.0M 0.00% of portfolio	6.23% 807.5K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
Hood River Capital Management LLC Long Only Manager	Brian Paul Smoluch Managing Partner	$142.1M 1.68% of portfolio	5.71% 740.6K shares	Q2 2021 Held for 4y 5m	$8.5B
Khrom Capital Management LLC Hedge Fund•Value	Eric Eleazar Khrom CIO	$133.3M 13.85% of portfolio	5.36% 694.7K shares	Q4 2023 Held for 1y 11m	$962.3M
A AMERICAN CENTURY COMPANIES INC Institution	-	$106.8M 0.05% of portfolio	4.30% 556.7K shares	Q4 2023 Held for 1y 11m	$195.93B
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	Stephen Thomas Weber CEO	$82.7M 0.59% of portfolio	3.32% 430.8K shares	Q4 2023 Held for 1y 11m	$13.9B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$70.5M 0.00% of portfolio	2.84% 367.5K shares	Q4 2015 Held for 9y 11m	$2.88T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$67.7M 0.01% of portfolio	2.72% 352.9K shares	Q4 2023 Held for 1y 11m	$571.21B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$56.9M 0.01% of portfolio	2.29% 296.3K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$49.4M 0.00% of portfolio	1.98% 257.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for HCI in Q3 2025

Traded: +$36.0M
Buyers: 149
Sellers: 107
Total Bought: +$239.1M
Total Sold: −$203.2M
Avg Position: $6.6M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$49.3M +256.7K shares	$339.6M 1.8M shares
VANGUARD GROUP INC Institution	+$20.3M +105.9K shares	$155.0M 807.5K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$14.6M +76.1K shares	$19.0M 98.9K shares
Invesco Ltd. ETF Provider	+$11.3M +58.7K shares	$24.4M 127.2K shares
Allspring Global Investments Holdings, LLC Long Only Manager	+$10.6M +56.5K shares	$22.0M 117.6K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$9.7M +50.4K shares	$67.7M 352.9K shares
STATE STREET CORP Institution	+$8.8M +45.7K shares	$70.5M 367.5K shares
A Alden Global Capital LLC Institution	+$8.2M +42.8K shares	$12.1M 62.9K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$8.0M +41.7K shares	$10.5M 54.7K shares
CX Institutional RIA/Wealth	+$8.0M +41.6K shares	$8.0M 41.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$27.2M −141.5K shares	$8.4M 43.9K shares
Hood River Capital Management LLC Long Only Manager	−$23.7M −123.7K shares	$142.1M 740.6K shares
Khrom Capital Management LLC Hedge Fund•Value	−$13.4M −70.0K shares	$133.3M 694.7K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$10.0M −51.9K shares	$11.0M 57.3K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	−$8.9M −46.5K shares	$11.6M 60.6K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$7.5M −39.3K shares	$82.7M 430.8K shares
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	−$6.6M −43.2K shares	Sold Off 0 shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$6.3M −32.7K shares	$17.2M 89.5K shares
WASATCH ADVISORS INC Long Only Manager	−$6.0M −31.3K shares	$8.7M 45.5K shares
HENDERSON GROUP PLC Institution	−$5.8M −30.4K shares	$5.7M 29.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited HCI in Q3 2025

New Positions: 28
New Value: $21.8M
Exited Positions: 41
Exited Value: $38.9M

New Positions

Institution	Position Value
CX Institutional RIA/Wealth	$8.0M 41.6K shares
Moran Wealth Management, LLC RIA/Wealth	$3.0M 15.6K shares
C CREDIT AGRICOLE S A Institution	$2.1M 11.1K shares
Horizon Investments, LLC/SC Long Only Manager	$1.2M 6.3K shares
CWM Advisors, LLC ETF Provider	$1.1M 5.8K shares
B Brevan Howard Capital Management LP Institution	$1.1M 5.6K shares
Mariner Wealth Advisors, LLC RIA/Wealth	$645.0K 3.4K shares
Round Rock Advisors, LLC RIA/Wealth	$635.6K 3.1K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$599.1K 3.1K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	$590.2K 3.0K shares

Exited Positions

Institution	Previous Position
P Philadelphia Financial Management of San Francisco, LLC Hedge Fund•Sector	$6.6M 43.2K shares
EAM Global Investors LLC Long Only Manager	$4.7M 30.6K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$3.0M 19.6K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$2.8M 18.3K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$2.0M 12.9K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.8M 11.7K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$1.8M 11.6K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.6M 10.3K shares
Y Y-Intercept Ltd Institution	$1.5M 9.6K shares
O OPTIONS SOLUTIONS, LLC Hedge Fund•Sector	$1.4M 9.2K shares

Options Activity

Institutions with the largest Call and Put options positions in HCI as of Q3 2025

Call Positions: 8
Call Value: $90.2M
Put Positions: 4
Put Value: $7.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$46.6M 2.4K contracts
J JANE STREET GROUP, LLC Institution	$13.9M 726.0 contracts
K KINGDON CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	$9.6M 500.0 contracts
P PEAK6 LLC Institution	$8.7M 451.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$7.0M 366.0 contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$3.3M 1.7 contracts
S SIG BROKERAGE, LP Institution	$671.8K 35.0 contracts
D D. E. Shaw & Co., Inc. Institution	$479.8K 25.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.5M 289.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.5M 76.0 contracts
J JANE STREET GROUP, LLC Institution	$364.7K 19.0 contracts
A AYAL Capital Advisors Ltd Institution	- - contracts

Most Committed Institutions

Institutions with HCI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Khrom Capital Management LLC Hedge Fund•Value	Eric Eleazar Khrom CIO	13.85% $133.3M	5.36% 694.7K shares	Q4 2023 Held for 1y 11m	$962.3M
Base Wealth Management LLC RIA/Wealth	Daniel Francis Dilascia Owner	7.15% $12.5M	0.50% 65.3K shares	Q1 2025 Held for 8 months	$175.5M
A Alden Global Capital LLC Institution	-	7.06% $12.1M	0.49% 62.9K shares	Q2 2025 Held for 5 months	$171.1M
BERNZOTT CAPITAL ADVISORS RIA/Wealth	Mark Alexander Scott CEO	3.37% $7.1M	0.29% 37.2K shares	Q1 2022 Held for 3y 8m	$211.9M
ESSEX INVESTMENT MANAGEMENT CO LLC Long Only Manager	Nancy Beth Prial CEO	1.77% $11.6M	0.47% 60.3K shares	Q2 2018 Held for 7y 5m	$652.5M
Hood River Capital Management LLC Long Only Manager	Brian Paul Smoluch Managing Partner	1.68% $142.1M	5.71% 740.6K shares	Q2 2021 Held for 4y 5m	$8.5B
Cutler Capital Management, LLC Hedge Fund•Convert Bond Arb	Geoffrey Kristopher Allan Dancey President	1.43% $2.9M	0.12% 15.3K shares	Q2 2025 Held for 5 months	$205.9M
K KINGDON CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Mark Elliot Kingdon CEO	1.28% $8.2M	0.33% 42.5K shares	Q1 2025 Held for 8 months	$638.2M
Ridgewood Investments LLC RIA/Wealth	Kaushal Bhupendra Majmudar President	0.85% $2.0M	0.08% 10.5K shares	Q4 2016 Held for 8y 11m	$237.0M
Jackson Creek Investment Advisors LLC Long Only Manager	Mark Frederick Jaeger Managing Partner	0.73% $2.5M	0.10% 13.1K shares	Q2 2024 Held for 1y 5m	$345.2M

Hedge Fund Spotlight

Discover hedge funds investing in HCI

JACOBS LEVY EQUITY MANAGEMENT, INC

Hedge Fund • Quant

Portfolio ManagerBruce Ira Jacobs

Portfolio Value: $25.2B
Positions: 953
Last Reported: Q3 2025

Sector Allocation

Position in HCI Group

Market Value: $10.5M
Shares Held: 54.7K
Portfolio Weight: 0.04%
Owned Since: 2022-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$1.7B	6.62%
2 Apple AAPL	Consumer Electronics Technology	$1.3B	5.29%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.0B	4.05%