Hagerty

HGTY • NYSE

Hagerty is a insurance - property & casualty company in the financial services sector on NYSE, led by McKeel Hagerty, with a market cap of $1.3B. As of Q3 2025, 90% of shares are held by 95 institutional investors, with STATE FARM MUTUAL AUTOMOBILE INSURANCE CO as the largest holder at 52.22%.

Chairman and CEOMcKeel Hagerty

Market Cap$1.3B

Insurance - Property & Casualty

Financial Services

Employees1.7K

Websitehagerty.com

Country

United States of America

Overview

Overview of institutional ownership in HGTY as of Q3 2025 with a market cap of $1.2B

All Institutions

Institutions: 95
Value Held: $1.1B
Shares Held: 89.7M
Avg Position: $11.4M
Median Position: $265.5K

Hedge Funds

Hedge Funds: 10
Value Held: $43.9M
Shares Held: 3.6M
Avg Position: $4.4M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

86.78%

$1.0B

Hedge Funds

3.68%

$43.9M

Retail & Other

9.55%

$114.0M

Based on market cap of $1.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HGTY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	$623.7M 0.52% of portfolio	52.22% 51.8M shares	Q4 2021 Held for 3y 11m	$119.95B
N Neuberger Berman Group LLC Institution	-	$96.9M 0.07% of portfolio	8.11% 8.0M shares	Q4 2022 Held for 2y 11m	$136.94B
Polar Capital Holdings Plc Long Only Manager	Gavin Mark Rochussen CEO	$70.0M 0.34% of portfolio	5.87% 5.8M shares	Q2 2022 Held for 3y 5m	$20.8B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$62.8M 0.04% of portfolio	5.26% 5.2M shares	Q2 2025 Held for 5 months	$161.58B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$41.6M 0.00% of portfolio	3.48% 3.5M shares	Q4 2021 Held for 3y 11m	$6.69T
MARKEL CORP Institution	Thomas S. Gayner CEO	$37.5M 0.30% of portfolio	3.13% 3.1M shares	Q2 2023 Held for 2y 5m	$12.3B
Greenhaven Road Investment Management, L.P. Hedge Fund•Value	Mark Joel Rubin COO	$32.1M 13.24% of portfolio	2.69% 2.7M shares	Q2 2022 Held for 3y 5m	$242.3M
Pembroke Management, LTD Long Only Manager	Nicolas Gilles Chevalier CEO	$27.2M 2.70% of portfolio	2.28% 2.3M shares	Q4 2024 Held for 11 months	$1.0B
Lincoln Capital LLC RIA/Wealth	Judd Aaron Norman Managing Partner	$9.4M 1.77% of portfolio	0.79% 787.4K shares	Q2 2022 Held for 3y 5m	$533.9M
B BlackRock, Inc. Institution	-	$7.8M 0.00% of portfolio	0.65% 648.3K shares	Q1 2022 Held for 3y 8m	$5.67T

Net Capital Flow

Institutional buying and selling activity for HGTY in Q3 2025

Traded: +$165.1M
Buyers: 57
Sellers: 22
Total Bought: +$169.1M
Total Sold: −$4.0M
Avg Position: $10.2M

Biggest Buyers

Institution	Net Bought	Current Position
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$62.1M +5.2M shares	$62.8M 5.2M shares
N Neuberger Berman Group LLC Institution	+$30.0M +2.5M shares	$96.9M 8.0M shares
Pembroke Management, LTD Long Only Manager	+$15.3M +1.3M shares	$27.2M 2.3M shares
Greenhaven Road Investment Management, L.P. Hedge Fund•Value	+$10.3M +853.2K shares	$32.1M 2.7M shares
VANGUARD GROUP INC Institution	+$10.2M +843.4K shares	$41.6M 3.5M shares
FMR LLC Institution	+$6.0M +500.4K shares	$6.0M 500.5K shares
Polar Capital Holdings Plc Long Only Manager	+$6.0M +498.4K shares	$70.0M 5.8M shares
G Garner Asset Management Corp RIA/Wealth	+$3.4M +281.8K shares	$3.4M 281.8K shares
Woodline Partners LP Hedge Fund•Long/Short	+$3.3M +277.3K shares	$3.3M 277.3K shares
Lincoln Capital LLC RIA/Wealth	+$2.2M +180.1K shares	$9.4M 787.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$867.8K −85.8K shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$521.0K −43.3K shares	$544.4K 45.2K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$431.5K −35.8K shares	$1.1M 95.1K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$378.4K −37.4K shares	Sold Off 0 shares
AMERIPRISE FINANCIAL INC Institution	−$333.3K −33.0K shares	Sold Off 0 shares
CONFLUENCE INVESTMENT MANAGEMENT LLC Long Only Manager	−$329.7K −27.4K shares	$3.0M 252.5K shares
Epoch Investment Partners, Inc. Long Only Manager	−$290.4K −28.7K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$226.5K −22.4K shares	Sold Off 0 shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$201.7K −16.8K shares	$831.3K 69.0K shares
BANK OF AMERICA CORP /DE/ Institution	−$89.5K −7.4K shares	$13.7K 1.1K shares

Entry and Exit Activity

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

New Positions: 15
New Value: $10.8M
Exited Positions: 8
Exited Value: $2.1M

New Positions

Institution	Position Value
Woodline Partners LP Hedge Fund•Long/Short	$3.3M 277.3K shares
G Gillson Capital LP Hedge Fund•Long/Short	$2.1M 175.0K shares
OXFORD FINANCIAL GROUP LTD Family Office	$2.0M 170.0K shares
S SOROS FUND MANAGEMENT LLC Institution	$1.2M 102.6K shares
T TD ASSET MANAGEMENT INC Institution	$1.1M 87.9K shares
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	$747.2K 62.1K shares
Kingsview Wealth Management, LLC RIA/Wealth	$159.3K 13.2K shares
A Arizona State Retirement System Institution	$141.0K 11.7K shares
Hartland & Co., LLC RIA/Wealth	$13.6K 1.1K shares
R Root Financial Partners, LLC RIA/Wealth	$1.2K 100.0 shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$867.8K 85.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$378.4K 37.4K shares
AMERIPRISE FINANCIAL INC Institution	$333.3K 33.0K shares
Epoch Investment Partners, Inc. Long Only Manager	$290.4K 28.7K shares
Marshall Wace LLP Institution	$226.5K 22.4K shares
Ameritas Advisory Services, LLC RIA/Wealth	$2.0K 200.0 shares
S SIERRA OCEAN, LLC RIA/Wealth	$1.2K 122.0 shares
S SBI Securities Co., Ltd. Institution	$10.0 1.0 shares

Options Activity

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

Call Positions: 2
Call Value: $580.3K
Put Positions: 1
Put Value: $280.5K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$352.8K 293.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$227.6K 189.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$280.5K 233.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Greenhaven Road Investment Management, L.P. Hedge Fund•Value	Mark Joel Rubin COO	13.24% $32.1M	2.69% 2.7M shares	Q2 2022 Held for 3y 5m	$242.3M
Pembroke Management, LTD Long Only Manager	Nicolas Gilles Chevalier CEO	2.70% $27.2M	2.28% 2.3M shares	Q4 2024 Held for 11 months	$1.0B
SCHOLTZ & COMPANY, LLC RIA/Wealth	Peter Dwight Scholtz President	1.83% $3.9M	0.33% 325.1K shares	Q2 2025 Held for 5 months	$214.3M
Lincoln Capital LLC RIA/Wealth	Judd Aaron Norman Managing Partner	1.77% $9.4M	0.79% 787.4K shares	Q2 2022 Held for 3y 5m	$533.9M
G Garner Asset Management Corp RIA/Wealth	Robert Sibley Garner President	1.37% $3.4M	0.28% 281.8K shares	Q1 2025 Held for 8 months	$248.2M
C Corton Capital Inc. Institution	-	0.72% $290.9K	0.02% 24.2K shares	Q2 2025 Held for 5 months	$40.6M
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	0.52% $623.7M	52.22% 51.8M shares	Q4 2021 Held for 3y 11m	$119.95B
17 CAPITAL PARTNERS, LLC RIA/Wealth	Jenna Lucille Biancavilla Managing Partner	0.36% $662.2K	0.06% 55.0K shares	Q4 2023 Held for 1y 11m	$183.8M
Polar Capital Holdings Plc Long Only Manager	Gavin Mark Rochussen CEO	0.34% $70.0M	5.87% 5.8M shares	Q2 2022 Held for 3y 5m	$20.8B
MARKEL CORP Institution	Thomas S. Gayner CEO	0.30% $37.5M	3.13% 3.1M shares	Q2 2023 Held for 2y 5m	$12.3B

Hedge Fund Spotlight

Discover hedge funds investing in HGTY

Gillson Capital LP

Hedge Fund • Long/Short

Portfolio ManagerDaniel Bartlett Johnson

Portfolio Value: $1.2B
Positions: 66
Last Reported: Q3 2025

Sector Allocation

Position in Hagerty

Market Value: $2.1M
Shares Held: 175.0K
Portfolio Weight: 0.18%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Moody's MCO	Financial - Data & Stock Exchanges Financial Services	$54.2M	4.69%
2 Assurant AIZ	Insurance - Specialty Financial Services	$52.0M	4.50%
3 Cboe Global Markets CBOE	Financial - Data & Stock Exchanges Financial Services	$50.7M	4.39%