Talkspace, Inc.

TALK • NASDAQ

Talkspace, Inc. is a medical - care facilities company in the healthcare sector on NASDAQ, led by Dr. Jon R. Cohen, with a market cap of $581.5M. As of Q3 2025, 53% of shares are held by 130 institutional investors, with NVP Associates, LLC as the largest holder at 5.85%.

Chief Executive OfficerDr. Jon R. Cohen

Market Cap$581.5M

Medical - Care Facilities

Healthcare

Employees472.0

Websitetalkspace.com

Country

United States of America

Overview

Overview of institutional ownership in TALK as of Q3 2025 with a market cap of $462.2M

All Institutions

Institutions: 130
Value Held: $244.9M
Shares Held: 90.3M
Avg Position: $1.9M
Median Position: $116.3K

Hedge Funds

Hedge Funds: 22
Value Held: $63.7M
Shares Held: 24.6M
Avg Position: $2.9M
Median Position: $583.8K

Ownership Breakdown

Institutional (non-HF)

39.22%

$181.3M

Hedge Funds

13.78%

$63.7M

Retail & Other

47.01%

$217.3M

Based on market cap of $462.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TALK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
N NVP Associates, LLC Institution	-	$27.1M 16.29% of portfolio	5.85% 9.8M shares	Q4 2022 Held for 2y 11m	$166.1M
H Hudson Executive Capital LP Hedge Fund•Activist	Douglas Lee Braunstein Founder	$27.0M 21.62% of portfolio	6.77% 11.3M shares	Q2 2021 Held for 4y 5m	$125.0M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$26.1M 0.00% of portfolio	5.64% 9.5M shares	Q3 2021 Held for 4y 2m	$6.69T
B BlackRock, Inc. Institution	-	$25.1M 0.00% of portfolio	5.42% 9.1M shares	Q3 2021 Held for 4y 2m	$5.67T
A AMERICAN CENTURY COMPANIES INC Institution	-	$18.4M 0.01% of portfolio	3.99% 6.7M shares	Q4 2023 Held for 1y 11m	$195.93B
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	Kevin G. Burke CEO	$17.1M 0.01% of portfolio	3.70% 6.2M shares	Q1 2024 Held for 1y 8m	$298.06B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$11.8M 0.00% of portfolio	2.55% 4.3M shares	Q3 2021 Held for 4y 2m	$2.88T
A AWM Investment Company, Inc. Hedge Fund•Event Driven	David Michael Greenhouse President	$11.0M 1.03% of portfolio	2.37% 4.0M shares	Q2 2023 Held for 2y 5m	$1.1B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$9.4M 0.00% of portfolio	2.03% 3.4M shares	Q1 2021 Held for 4y 8m	$1.57T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$7.3M 0.01% of portfolio	1.57% 2.6M shares	Q3 2021 Held for 4y 2m	$75.8B

Net Capital Flow

Institutional buying and selling activity for TALK in Q3 2025

Traded: −$1.5M
Buyers: 64
Sellers: 63
Total Bought: +$18.1M
Total Sold: −$19.6M
Avg Position: $1.6M

Biggest Buyers

Institution	Net Bought	Current Position
R ROYCE & ASSOCIATES LLC Institution	+$5.0M +1.8M shares	$6.0M 2.2M shares
B BlackRock, Inc. Institution	+$2.0M +728.9K shares	$25.1M 9.1M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$1.7M +601.4K shares	$17.1M 6.2M shares
VANGUARD GROUP INC Institution	+$1.3M +483.0K shares	$26.1M 9.5M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$1.1M +394.8K shares	$6.0M 2.2M shares
F First Eagle Investment Management, LLC Long Only Manager	+$799.0K +289.5K shares	$5.2M 1.9M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$624.5K +226.2K shares	$9.4M 3.4M shares
M Metavasi Capital LP Hedge Fund•Long/Short	+$570.9K +206.8K shares	$4.2M 1.5M shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$513.7K +186.1K shares	$704.8K 255.3K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$446.3K +161.7K shares	$600.5K 217.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
Marshall Wace LLP Institution	−$4.1M −1.5M shares	Sold Off 0 shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$3.6M −1.3M shares	$2.0M 728.9K shares
CenterBook Partners LP Hedge Fund•Market Neutral	−$1.5M −544.9K shares	$5.3M 1.9M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.4M −498.2K shares	$2.3M 844.0K shares
MORGAN STANLEY RIA/Wealth	−$1.3M −453.7K shares	$607.2K 220.0K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	−$1.0M −377.4K shares	$715.4K 259.2K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$910.6K −329.9K shares	$119.5K 43.3K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$605.0K −219.2K shares	$777.9K 281.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$595.5K −214.2K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$576.1K −208.7K shares	$528.0K 191.3K shares

Entry and Exit Activity

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

New Positions: 11
New Value: $436.4K
Exited Positions: 19
Exited Value: $6.6M

New Positions

Institution	Position Value
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$113.2K 41.0K shares
V VILLERE ST DENIS J & CO LLC Institution	$88.3K 32.0K shares
FreeGulliver LLC Hedge Fund•Multi-Strategy	$82.8K 30.0K shares
A Atlas Legacy Advisors, LLC RIA/Wealth	$56.3K 20.4K shares
Nierenberg Investment Management Company, Inc. Hedge Fund•Value	$31.9K 11.6K shares
FIS GROUP, INC. Fund of Funds	$31.1K 11.3K shares
S State of Alaska, Department of Revenue Institution	$25.9K 9.4K shares
O Optiver Holding B.V. Institution	$4.8K 1.7K shares
A Advisory Services Network, LLC RIA/Wealth	$1.9K 700.0 shares
PNC FINANCIAL SERVICES GROUP, INC. Institution	$80.0 29.0 shares

Exited Positions

Institution	Previous Position
Marshall Wace LLP Institution	$4.1M 1.5M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$595.5K 214.2K shares
M Massar Capital Management, LP Institution	$417.0K 150.0K shares
M Man Group plc Institution	$248.2K 89.3K shares
M MYDA Advisors LLC Hedge Fund•Long/Short	$222.4K 80.0K shares
W Winton Capital Group Ltd Institution	$186.4K 67.0K shares
J Jump Financial, LLC Institution	$174.9K 62.9K shares
IEQ CAPITAL, LLC RIA/Wealth	$146.1K 52.6K shares
Caption Management, LLC Hedge Fund•Long/Short	$121.5K 43.7K shares
N NEOS Investment Management LLC Institution	$77.4K 27.8K shares

Options Activity

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

Call Positions: 3
Call Value: $139.7K
Put Positions: 2
Put Value: $224.7K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$139.7K 506.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$194.0K 703.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$30.6K 111.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
H Hudson Executive Capital LP Hedge Fund•Activist	Douglas Lee Braunstein Founder	21.62% $27.0M	6.77% 11.3M shares	Q2 2021 Held for 4y 5m	$125.0M
N NVP Associates, LLC Institution	-	16.29% $27.1M	5.85% 9.8M shares	Q4 2022 Held for 2y 11m	$166.1M
M Metavasi Capital LP Hedge Fund•Long/Short	Peter Edward Treadway CIO	1.49% $4.2M	0.91% 1.5M shares	Q4 2024 Held for 11 months	$281.8M
A AWM Investment Company, Inc. Hedge Fund•Event Driven	David Michael Greenhouse President	1.03% $11.0M	2.37% 4.0M shares	Q2 2023 Held for 2y 5m	$1.1B
Sugar Maple Asset Management, LLC RIA/Wealth	Jeremy Paul Schwab President	0.31% $423.9K	0.09% 153.6K shares	Q3 2024 Held for 1y 2m	$138.1M
CenterBook Partners LP Hedge Fund•Market Neutral	David Israel Stemerman CEO	0.26% $5.3M	1.15% 1.9M shares	Q1 2024 Held for 1y 8m	$2.0B
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.06% $715.4K	0.15% 259.2K shares	Q1 2025 Held for 8 months	$1.1B
R ROYCE & ASSOCIATES LLC Institution	-	0.06% $6.0M	1.30% 2.2M shares	Q3 2024 Held for 1y 2m	$10.0B
C Covestor Ltd Institution	-	0.04% $68.1K	0.01% 24.7K shares	Q2 2025 Held for 5 months	$179.7M
FreeGulliver LLC Hedge Fund•Multi-Strategy	Frank Friedler CEO	0.04% $82.8K	0.02% 30.0K shares	Q3 2025 Held for 2 months	$221.6M

Hedge Fund Spotlight

Discover hedge funds investing in TALK

Nierenberg Investment Management Company, Inc.

Hedge Fund • Value

Portfolio ManagerDamon Laughlin Benedict

Portfolio Value: $180.9M
Positions: 40
Last Reported: Q3 2025

Sector Allocation

Position in Talkspace, Inc.

Market Value: $31.9K
Shares Held: 11.6K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Potbelly Corporation PBPB	Restaurants Consumer Cyclical	$50.8M	28.07%
2 EQT Corporation EQT	Oil & Gas Exploration & Production Energy	$29.2M	16.15%
3 Mr. Cooper Group Inc. COOP	Financial - Mortgages Financial Services	$26.6M	14.69%