HealthEquity
HQY • NASDAQ
HealthEquity is a medical - healthcare information services company in the healthcare sector on NASDAQ, led by Scott R. Cutler, with a market cap of $8.3B. As of Q3 2025, 103% of shares are held by 479 institutional investors, with BlackRock, Inc. as the largest holder at 12.96%.
President and Chief Executive OfficerScott R. Cutler
Market Cap$8.3B
Medical - Healthcare Information Services
Healthcare
Employees3.2K
Websitehealthequity.com
Country
United States of America
Overview
Overview of institutional ownership in HQY as of Q3 2025 with a market cap of $8.2B
All Institutions
- Institutions
- 479
- Value Held
- $8.4B
- Shares Held
- 88.4M
- Avg Position
- $17.5M
- Median Position
- $1.0M
Hedge Funds
- Hedge Funds
- 49
- Value Held
- $648.4M
- Shares Held
- 6.8M
- Avg Position
- $13.2M
- Median Position
- $1.4M
Ownership Breakdown
Based on market cap of $8.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in HQY as of Q3 2025
| Institution | Position Value |
|---|---|
B BlackRock, Inc. Institution | $1.1B 0.02% of portfolio |
 VANGUARD GROUP INC Institution | $828.9M 0.01% of portfolio |
 WASATCH ADVISORS INC Long Only Manager | $597.8M 3.21% of portfolio |
 FMR LLC Institution | $330.7M 0.02% of portfolio |
 STATE STREET CORP Institution | $298.5M 0.01% of portfolio |
 GEODE CAPITAL MANAGEMENT LLC ETF Provider | $208.1M 0.01% of portfolio |
 Invesco Ltd. ETF Provider | $201.8M 0.03% of portfolio |
 AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | $167.2M 0.11% of portfolio |
 WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager | $162.7M 0.68% of portfolio |
B BROWN ADVISORY INC RIA/Wealth | $152.1M 0.21% of portfolio |
Net Capital Flow
Institutional buying and selling activity for HQY in Q3 2025
- Traded
- −$86.1M
- Buyers
- 244
- Sellers
- 235
- Total Bought
- +$696.8M
- Total Sold
- −$782.9M
- Avg Position
- $15.5M
Biggest Buyers
| Institution | Net Bought |
|---|---|
 PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | +$79.0M +833.4K shares |
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$62.2M +656.8K shares |
 Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy | +$53.2M +561.0K shares |
M MACQUARIE GROUP LTD Institution | +$43.3M +456.5K shares |
WESTFIELD CAPITAL MANAGEMENT CO LP Long Only Manager | +$42.8M +451.5K shares |
B BlackRock, Inc. Institution | +$41.9M +441.9K shares |
 Woodline Partners LP Hedge Fund•Long/Short | +$26.2M +276.4K shares |
VANGUARD GROUP INC Institution | +$23.1M +243.5K shares |
 Marshall Wace LLP Institution | +$22.8M +240.8K shares |
A Atalan Capital Partners, LP Hedge Fund•Long/Short | +$20.1M +211.6K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
FMR LLC Institution | −$146.9M −1.6M shares |
A Atlantic Trust Group, LLC Institution | −$86.6M −913.6K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$74.3M −783.6K shares |
 Van Berkom & Associates Inc. Long Only Manager | −$46.4M −442.8K shares |
 Stephens Investment Management Group LLC Long Only Manager | −$27.7M −292.1K shares |
 VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short | −$23.0M −219.7K shares |
Invesco Ltd. ETF Provider | −$22.4M −236.7K shares |
 UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | −$21.2M −224.1K shares |
 ING INVESTMENT MANAGEMENT LLC Insurance Manager | −$16.1M −169.5K shares |
 BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$14.9M −141.8K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited HQY in Q3 2025
- New Positions
- 36
- New Value
- $28.1M
- Exited Positions
- 62
- Exited Value
- $184.6M
New Positions
| Institution | Position Value |
|---|---|
 Ambassador Advisors, LLC RIA/Wealth | $4.4M 46.6K shares |
 Morningstar Investment Management LLC Long Only Manager | $3.4M 36.2K shares |
B BEACON INVESTMENT ADVISORS LLC RIA/Wealth | $2.6M 27.4K shares |
 Hilton Capital Management, LLC Long Only Manager | $2.5M 26.4K shares |
C CROWN ADVISORS MANAGEMENT, INC. Hedge Fund•Long/Short | $1.9M 20.0K shares |
F First American Bank Institution | $1.6M 17.2K shares |
S Simplify Asset Management Inc. Institution | $1.5M 15.8K shares |
 Maridea Wealth Management LLC RIA/Wealth | $1.4M 15.3K shares |
 MILESTONE ASSET MANAGEMENT, LLC RIA/Wealth | $1.0M 10.9K shares |
 FJ Capital Management LLC Hedge Fund•Long/Short | $793.8K 8.4K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
Van Berkom & Associates Inc. Long Only Manager | $46.4M 442.8K shares |
VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short | $23.0M 219.7K shares |
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $14.9M 141.8K shares |
 NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager | $13.6M 129.5K shares |
 GRANAHAN INVESTMENT MANAGEMENT INC/MA Long Only Manager | $10.5M 100.4K shares |
F First Turn Management, LLC Hedge Fund•Long/Short | $8.5M 80.9K shares |
 CASTLEARK MANAGEMENT LLC Long Only Manager | $7.9M 75.7K shares |
 RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant | $6.5M 62.1K shares |
 CLOUGH CAPITAL PARTNERS L P Hedge Fund•Long/Short | $4.6M 43.5K shares |
 Covenant Asset Management, LLC RIA/Wealth | $3.9M 37.2K shares |
Options Activity
Institutions with the largest Call and Put options positions in HQY as of Q3 2025
- Call Positions
- 9
- Call Value
- $16.2M
- Put Positions
- 9
- Put Value
- $6.4M
Call Positions
| Institution | Position Value |
|---|---|
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $5.9M 627.0 contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $5.2M 549.0 contracts |
J JANE STREET GROUP, LLC Institution | $3.3M 348.0 contracts |
W WOLVERINE TRADING, LLC Institution | $877.1K 92.0 contracts |
 UBS Group AG Institution | $758.2K 80.0 contracts |
P PEAK6 LLC Institution | $132.7K 14.0 contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | - - contracts |
 Walleye Trading LLC RIA/Wealth | - - contracts |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $2.4M 252.0 contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $1.7M 183.0 contracts |
UBS Group AG Institution | $1.4M 151.0 contracts |
W WOLVERINE TRADING, LLC Institution | $429.0K 45.0 contracts |
J JANE STREET GROUP, LLC Institution | $218.0K 23.0 contracts |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | $199.0K 21.0 contracts |
Walleye Trading LLC RIA/Wealth | $9.5K 1.0 contracts |
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage | - - contracts |
P PEAK6 LLC Institution | - - contracts |
Most Committed Institutions
Institutions with HQY as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
A Atalan Capital Partners, LP Hedge Fund•Long/Short | 6.03% $86.4M |
 12th Street Asset Management Company, LLC Hedge Fund•Value | 4.11% $25.8M |
G Greenhouse Funds LLLP Hedge Fund•Long/Short | 3.94% $101.3M |
WASATCH ADVISORS INC Long Only Manager | 3.21% $597.8M |
 ASHFORD CAPITAL MANAGEMENT INC Hedge Fund•Growth | 2.87% $25.8M |
S Summit Creek Advisors LLC Long Only Manager | 2.66% $18.2M |
P Premier Fund Managers Ltd Institution | 2.42% $57.8M |
 Aristotle Capital Boston, LLC Long Only Manager | 2.11% $41.3M |
 1492 Capital Management LLC Long Only Manager | 2.09% $5.2M |
 Ranger Investment Management, L.P. Long Only Manager | 1.81% $26.0M |
Hedge Fund Spotlight
Discover hedge funds investing in HQY
C
Campbell & CO Investment Adviser LLC
Hedge Fund • Quant Macro
Portfolio ManagerKevin Dwayne Cole
- Portfolio Value
- $1.3B
- Positions
- 1,051
- Last Reported
- Q3 2025
Sector Allocation
Position in HealthEquity
- Market Value
- $984.6K
- Shares Held
- 10.4K
- Portfolio Weight
- 0.07%
- Owned Since
- 2023-Q2
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Gold Basic Materials | $11.4M | 0.86% | |
Unknown Unknown | $9.5M | 0.72% | |
Grocery Stores Consumer Defensive | $9.3M | 0.71% |
