Heritage Global
HGBL • NASDAQ
Heritage Global is a financial - capital markets company in the financial services sector on NASDAQ, led by Ross Dove, with a market cap of $46.9M. As of Q3 2025, 38% of shares are held by 38 institutional investors, with PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. as the largest holder at 7.12%.
Chief Executive OfficerRoss Dove
Market Cap$46.9M
Financial - Capital Markets
Financial Services
Employees82.0
Websitehginc.com
Country
United States of America
Overview
Overview of institutional ownership in HGBL as of Q3 2025 with a market cap of $57.7M
All Institutions
- Institutions
- 38
- Value Held
- $21.8M
- Shares Held
- 13.2M
- Avg Position
- $574.4K
- Median Position
- $67.4K
Hedge Funds
- Hedge Funds
- 7
- Value Held
- $7.0M
- Shares Held
- 4.2M
- Avg Position
- $998.4K
- Median Position
- $665.7K
Ownership Breakdown
Based on market cap of $57.7M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in HGBL as of Q3 2025
| Institution | Position Value |
|---|---|
 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Long Only Manager | $4.1M 0.24% of portfolio |
M Mink Brook Asset Management LLC Institution | $3.1M 2.16% of portfolio |
 VANGUARD GROUP INC Institution | $3.1M 0.00% of portfolio |
 Topline Capital Management, LLC Hedge Fund•Long/Short | $2.8M 0.53% of portfolio |
T Truffle Hound Capital, LLC Hedge Fund•Long/Short | $1.8M 1.47% of portfolio |
 Koshinski Asset Management, Inc. RIA/Wealth | $1.5M 0.10% of portfolio |
 Militia Capital Partners, LP Hedge Fund•Long/Short | $936.0K 0.48% of portfolio |
 WYNNEFIELD CAPITAL INC Hedge Fund•Value | $665.7K 0.40% of portfolio |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | $616.4K 0.00% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $594.1K 0.00% of portfolio |
Net Capital Flow
Institutional buying and selling activity for HGBL in Q3 2025
- Traded
- +$417.2K
- Buyers
- 14
- Sellers
- 12
- Total Bought
- +$599.8K
- Total Sold
- −$182.6K
- Avg Position
- $545.7K
Biggest Buyers
| Institution | Net Bought |
|---|---|
T Truffle Hound Capital, LLC Hedge Fund•Long/Short | +$298.5K +179.8K shares |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | +$70.9K +42.7K shares |
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | +$41.2K +24.8K shares |
 PERRITT CAPITAL MANAGEMENT INC Long Only Manager | +$38.8K +23.4K shares |
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Long Only Manager | +$35.2K +21.2K shares |
V Virtu Financial LLC Institution | +$27.9K +16.8K shares |
M Mink Brook Asset Management LLC Institution | +$25.2K +15.2K shares |
 GSA CAPITAL PARTNERS LLP Hedge Fund•Quant | +$18.5K +11.1K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | +$17.7K +10.7K shares |
J JANE STREET GROUP, LLC Institution | +$16.6K +10.0K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | −$35.5K −21.4K shares |
 NORTHERN TRUST CORP Institution | −$34.6K −20.8K shares |
Militia Capital Partners, LP Hedge Fund•Long/Short | −$34.2K −20.6K shares |
GEODE CAPITAL MANAGEMENT LLC ETF Provider | −$25.4K −15.3K shares |
VANGUARD GROUP INC Institution | −$21.9K −13.2K shares |
 RAYMOND JAMES FINANCIAL INC RIA/Wealth | −$15.4K −6.9K shares |
 FMR LLC Institution | −$9.0K −4.0K shares |
 GOLDMAN SACHS GROUP INC Institution | −$3.9K −2.4K shares |
 Heron Bay Capital Management RIA/Wealth | −$1.3K −805.0 shares |
M Man Group plc Institution | −$969.4 −584.0 shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited HGBL in Q3 2025
- New Positions
- 0
- New Value
- -
- Exited Positions
- 2
- Exited Value
- $24.4K
New Positions
| Institution | Position Value |
|---|---|
| No new positions found | |
Exited Positions
| Institution | Previous Position |
|---|---|
RAYMOND JAMES FINANCIAL INC RIA/Wealth | $15.4K 6.9K shares |
FMR LLC Institution | $9.0K 4.0K shares |
Options Activity
Institutions with the largest Call and Put options positions in HGBL as of Q3 2025
- Call Positions
- 0
- Call Value
- -
- Put Positions
- 0
- Put Value
- -
Call Positions
| Institution | Position Value |
|---|---|
| No call positions found | |
Put Positions
| Institution | Position Value |
|---|---|
| No put positions found | |
Most Committed Institutions
Institutions with HGBL as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
M Mink Brook Asset Management LLC Institution | 2.16% $3.1M |
T Truffle Hound Capital, LLC Hedge Fund•Long/Short | 1.47% $1.8M |
Topline Capital Management, LLC Hedge Fund•Long/Short | 0.53% $2.8M |
Militia Capital Partners, LP Hedge Fund•Long/Short | 0.48% $936.0K |
WYNNEFIELD CAPITAL INC Hedge Fund•Value | 0.40% $665.7K |
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Long Only Manager | 0.24% $4.1M |
PERRITT CAPITAL MANAGEMENT INC Long Only Manager | 0.23% $491.1K |
 Ridgewood Investments LLC RIA/Wealth | 0.17% $400.3K |
Koshinski Asset Management, Inc. RIA/Wealth | 0.10% $1.5M |
Heron Bay Capital Management RIA/Wealth | 0.01% $57.6K |
Hedge Fund Spotlight
Discover hedge funds investing in HGBL
RENAISSANCE TECHNOLOGIES LLC
Hedge Fund • Quant
Portfolio ManagerPeter Fitzhugh Brown
- Portfolio Value
- $75.8B
- Positions
- 3,419
- Last Reported
- Q3 2025
Sector Allocation
Position in Heritage Global
- Market Value
- $616.4K
- Shares Held
- 371.3K
- Portfolio Weight
- 0.00%
- Owned Since
- 2020-Q3
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Software - Infrastructure Technology | $1.6B | 2.06% | |
Semiconductors Technology | $1.1B | 1.39% | |
Electronic Gaming & Multimedia Technology | $953.5M | 1.26% |
