Heritage Commerce

HTBK • NASDAQ

Heritage Commerce is a banks - regional company in the financial services sector on NASDAQ, led by Keith A. Wilton, with a market cap of $737.9M. As of Q3 2025, 78% of shares are held by 185 institutional investors, with BlackRock, Inc. as the largest holder at 13.36%.

Chief Executive Officer and PresidentKeith A. Wilton

Market Cap$737.9M

Banks - Regional

Financial Services

Employees351.0

Websiteheritagecommercecorp.com

Country

United States of America

Overview

Overview of institutional ownership in HTBK as of Q3 2025 with a market cap of $610.2M

All Institutions

Institutions: 185
Value Held: $477.8M
Shares Held: 48.1M
Avg Position: $2.6M
Median Position: $372.3K

Hedge Funds

Hedge Funds: 28
Value Held: $69.7M
Shares Held: 7.0M
Avg Position: $2.5M
Median Position: $673.8K

Ownership Breakdown

Institutional (non-HF)

66.89%

$408.1M

Hedge Funds

11.42%

$69.7M

Retail & Other

21.69%

$132.3M

Based on market cap of $610.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HTBK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$81.5M 0.00% of portfolio	13.36% 8.2M shares	Q1 2016 Held for 9y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$39.2M 0.00% of portfolio	6.42% 3.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$33.6M 0.01% of portfolio	5.51% 3.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$22.0M 0.00% of portfolio	3.60% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$18.7M 0.00% of portfolio	3.07% 1.9M shares	Q4 2016 Held for 8y 11m	$1.56T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$17.2M 0.00% of portfolio	2.83% 1.7M shares	Q3 2024 Held for 1y 2m	$571.21B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$16.6M 0.02% of portfolio	2.73% 1.7M shares	Q4 2022 Held for 2y 11m	$97.8B
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Vikaran "Nmn" Ghei Managing Partner	$16.1M 1.70% of portfolio	2.64% 1.6M shares	Q2 2025 Held for 5 months	$947.6M
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$15.7M 0.00% of portfolio	2.57% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$12.6M 0.01% of portfolio	2.06% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$120.17B

Net Capital Flow

Institutional buying and selling activity for HTBK in Q3 2025

Traded: +$1.8M
Buyers: 115
Sellers: 58
Total Bought: +$52.6M
Total Sold: −$50.7M
Avg Position: $2.4M

Biggest Buyers

Institution	Net Bought	Current Position
Robeco Investment Management, Inc. Long Only Manager	+$5.7M +574.1K shares	$16.6M 1.7M shares
VANGUARD GROUP INC Institution	+$3.9M +391.0K shares	$39.2M 3.9M shares
STATE STREET CORP Institution	+$3.3M +331.1K shares	$22.0M 2.2M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$3.2M +327.1K shares	$3.6M 360.5K shares
B BlackRock, Inc. Institution	+$2.8M +285.6K shares	$81.5M 8.2M shares
N Nuveen, LLC Institution	+$2.7M +273.5K shares	$7.4M 747.2K shares
C Cubist Systematic Strategies, LLC Institution	+$2.6M +263.8K shares	$2.8M 286.6K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$2.5M +247.5K shares	$6.7M 678.2K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.2M +222.8K shares	$6.8M 684.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$2.2M +218.6K shares	$6.2M 626.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
FJ Capital Management LLC Hedge Fund•Long/Short	−$23.3M −2.3M shares	Sold Off 0 shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$12.6M −1.3M shares	$17.2M 1.7M shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	−$3.7M −376.2K shares	$9.7M 979.6K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$1.0M −100.7K shares	$200.1K 20.1K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$997.2K −100.4K shares	$756.9K 76.2K shares
SummerHaven Investment Management, LLC Long Only Manager	−$911.5K −91.8K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$724.9K −73.0K shares	$10.6M 1.1M shares
Marshall Wace LLP Institution	−$724.6K −73.0K shares	Sold Off 0 shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$542.1K −54.6K shares	$356.1K 35.9K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	−$471.5K −47.5K shares	$320.8K 32.3K shares

Entry and Exit Activity

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

New Positions: 10
New Value: $2.0M
Exited Positions: 15
Exited Value: $26.5M

New Positions

Institution	Position Value
R Robertson Stephens Wealth Management, LLC Institution	$1.1M 114.9K shares
Bleakley Financial Group, LLC RIA/Wealth	$294.3K 29.6K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$227.4K 22.9K shares
C CLS Investments, LLC Institution	$207.9K 20.9K shares
D DAVIDSON D A & CO Institution	$101.4K 10.2K shares
S State of Alaska, Department of Revenue Institution	$24.1K 2.4K shares
Sontag Advisory, LLC RIA/Wealth	$4.6K 462.0 shares
O Optiver Holding B.V. Institution	$3.7K 374.0 shares
R Root Financial Partners, LLC RIA/Wealth	$516.0 52.0 shares
FINANCIAL CONSULATE, INC RIA/Wealth	$457.0 46.0 shares

Exited Positions

Institution	Previous Position
FJ Capital Management LLC Hedge Fund•Long/Short	$23.3M 2.3M shares
SummerHaven Investment Management, LLC Long Only Manager	$911.5K 91.8K shares
Marshall Wace LLP Institution	$724.6K 73.0K shares
B Brevan Howard Capital Management LP Institution	$333.5K 33.6K shares
H HRT FINANCIAL LLC Institution	$300.8K 30.3K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$256.5K 25.8K shares
PRUDENTIAL FINANCIAL INC Institution	$196.9K 19.8K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$189.8K 19.1K shares
Quantbot Technologies LLC Hedge Fund•Quant	$123.2K 12.4K shares
I INCEPTIONR LLC Hedge Fund•Quant	$113.6K 11.4K shares

Options Activity

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

Call Positions: 2
Call Value: $714.0K
Put Positions: 2
Put Value: $517.4K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$433.9K 437.0 contracts
J JANE STREET GROUP, LLC Institution	$280.0K 282.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$403.2K 406.0 contracts
J JANE STREET GROUP, LLC Institution	$114.2K 115.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R rhino investment partners, Inc Hedge Fund•Value	John Keith Schneider President	2.55% $7.9M	1.29% 795.2K shares	Q1 2025 Held for 8 months	$309.3M
John W. Rosenthal Capital Management, Inc. Hedge Fund•Long/Short	John William Rosenthal CEO	1.87% $1.9M	0.31% 190.1K shares	Q3 2023 Held for 2y 2m	$100.8M
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Vikaran "Nmn" Ghei Managing Partner	1.70% $16.1M	2.64% 1.6M shares	Q2 2025 Held for 5 months	$947.6M
E EJF Capital LLC Institution	-	1.16% $2.0M	0.33% 204.5K shares	Q1 2024 Held for 1y 8m	$174.8M
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	Terry Anthony Maltese President	0.39% $2.5M	0.41% 251.2K shares	Q2 2025 Held for 5 months	$646.2M
B BANC FUNDS CO LLC Institution	-	0.29% $1.2M	0.20% 121.5K shares	Q2 2020 Held for 5y 5m	$411.3M
M MENDON CAPITAL ADVISORS CORP Hedge Fund•Sector	Anton Villars Schutz President	0.22% $496.5K	0.08% 50.0K shares	Q3 2025 Held for 2 months	$221.8M
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	Donald M Cobin CEO	0.18% $8.3M	1.36% 836.3K shares	Q3 2022 Held for 3y 2m	$4.5B
AlTi Global, Inc. Institution	Michael Tiedemann CEO	0.15% $6.5M	1.07% 656.8K shares	Q4 2023 Held for 1y 11m	$4.2B
ARP AMERICAS LLC Hedge Fund•Multi-Strategy	Ludger (Nmn) Hentschel President	0.13% $731.8K	0.12% 73.7K shares	Q1 2025 Held for 8 months	$544.4M