HGBL

Heritage Global Inc Cross-source read
IndustrialsUSCUSIP 42727E103

Among active 13F managers last quarter, 3 opened and 1 added, while 5 reduced; the largest holder to move was Punch & Associates Investment Management, Inc. (−5.9%). Over the last 180 days, 3 insiders bought and 1 insider sold, a net +$118K in open-market trades.

Tracked 13F holders
35
12 in Q2 2026 filings
13F value (tracked)
$12.7M
13F moves · latest Q
4 added
5 reduced
Insider net · 180d
$118K
3 buying · 1 selling
Smart-money sentimentMixed
Net sellingNet buying

Funds split, 4 adding vs 5 trimming; insiders net bought $118K.

Who owns HGBL?

35 tracked 13F filers · ranked by shares held

35 tracked 13F filers disclose a position in HGBL as of the latest SEC 13F filings, a combined $12.7M in reported value. Holders and values reflect the 13F filers Arkolith currently tracks, not the entire institutional universe. Counts and totals are a floor, not the full institutional ownership.

#FundSharesPosition valueLast moveAs ofHistory
1Punch & Associates Investment Management, Inc.2.2M
$3.1M
−5.9%
Reduced · −141K sh
Q1 2026
2Topline Capital Management, LLC1.8M
$2.4M
−3.5%
Reduced · −65K sh
Q1 2026
3Vanguard Capital Management LLC1.7M
$2.3M
New filer
Inherited book · not a new buyer
Q1 2026
4Truffle Hound Capital, LLC1.1M
$1.3M
Held
Q2 2026
5Militia Capital Partners, LP564K
$699K
Held
Q4 2025
6Militia Capital Management LLC564K
$682K
Held
Q2 2026
7Geode Capital Management, LLC359K
$435K
+5.0%
Added · +17K sh
Q2 2026
8Renaissance Technologies LLC244K
$332K
−35%
Reduced · −133K sh
Q1 2026
9Ridgewood Investments LLC222K
$269K
−6.3%
Reduced · −15K sh
Q2 2026
10Dimensional Fund Advisors LP205K
$278K
−2.4%
Reduced · −5K sh
Q1 2026
11Vanguard Fiduciary Trust Co166K
$226K
New filer
Inherited book · not a new buyer
Q1 2026
12BlackRock, Inc.147K
$200K
+5.1%
Added · +7K sh
Q1 2026
13State Street Corp117K
$141K
Held
Q2 2026
14Susquehanna International Group, LLP47K
$63K
−49%
Reduced · −44K sh
Q1 2026
15Citadel Advisors LLC38K
$46K
New
+38K sh
Q2 2026
16Northern Trust Corp37K
$50K
Held
Q1 2026
17Goldman Sachs Group Inc35K
$48K
−29%
Reduced · −15K sh
Q1 2026
18NorthRock Partners, LLC34K
$41K
Held
Q2 2026
19Wealth Enhancement Advisory Services, LLC26K
$32K
Held
Q2 2026
20Jane Street Group, LLC19K
$26K
−36%
Reduced · −11K sh
Q1 2026
21Morgan Stanley19K
$25K
Held
Q1 2026
22XTX Topco Ltd14K
$19K
−44%
Reduced · −11K sh
Q1 2026
23Evergreen Capital Management LLC12K
$14K
Held
Q2 2026
24Vanguard Global Advisers, LLC11K
$15K
New filer
Inherited book · not a new buyer
Q1 2026
25Royal Bank Of Canada6K
$8K
Held
Q1 2026

Holders and values reflect the 13F filers Arkolith currently tracks, not the entire institutional universe. Counts and totals are a floor, not the full institutional ownership.

Is HGBL being bought or sold by institutions?

Last quarter, 3 funds opened a new position in HGBL and 1 added to an existing one, while 5 reduced. Based on 13F filings from active, signal-eligible managers (passive index funds and other mechanical holders are excluded from this count).

Opened
3
funds, first position
Added
1
funds, existing position
Reduced
5
funds, still holding
Largest positions that changed · ranked by position value

Funds that own HGBL also own

CompanyCo-held byCombined value
NVIDIA CORPNVDA13 funds$1.0B
ALPHABET INC-CL AGOOGL13 funds$534.7M
ALPHABET INC-CL CGOOG13 funds$357.8M
MERCADOLIBRE INCMELI13 funds$252.1M
ELI LILLY & COLLY13 funds$205.2M
BERKSHIRE HATHAWAY INC-CL BBRK/B13 funds$181.0M
EOG RESOURCES INCEOG13 funds$48.4M
INTEL CORPINTC12 funds$398.6M
UNITEDHEALTH GROUP INCUNH12 funds$373.2M
AMAZON.COM INCAMZN12 funds$351.0M
VISA INC-CLASS A SHARESV12 funds$305.7M
TAIWAN SEMICONDUCTOR-SP ADRTSM12 funds$285.9M

Ranked by how many of HGBL's institutional holders also hold each name, a cross-fund conviction signal.

Insider activity (Form 4)

Full insider page →
Buys · 180d
$131K
3 insiders
Sells · 180d
$13K
1 insiders
Net
$118K
7 P/S txns
Signal
Net Buying
open-market
DateInsiderRoleActionSharesValue
Sep 1, 2026Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)3K$3K
Aug 20, 2026COBB BRIAN J.CFOBuy (P)20K$22K
Aug 17, 2026Hounsell Bruce KennethPresident, Heritage DebtX LLCBuy (P)10K$11K
Aug 17, 2026Dove Nicholas KirkPresident, Industrial AssetsBuy (P)60K$66K
May 21, 2026Dove Nicholas KirkPresident, Industrial AssetsBuy (P)26K$32K
May 1, 2026Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)4K$5K
Apr 1, 2026Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)4K$5K
Mar 2, 2026Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)4K$5K
Feb 2, 2026Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)4K$5K
Jan 2, 2026Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)4K$5K
Dec 1, 2025Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)4K$5K
Nov 3, 2025Sklar James EdwardEVP, Gen Counsel & SecretarySell (S)4K$5K

Do institutions, insiders and Congress agree?

Confluence: insiders and funds buying

Where institutional funds (13F), corporate insiders (Form 4) and US House members (STOCK Act) are buying or selling the same name in the same window. Green is buying, red is selling.

SEC EDGAR 13F + Form 4 + US House STOCK Act{ }get_ticker_confluence · API & MCP

Signals by source

Insiders and Congress: last 180 days. Funds: latest 13F

SourceBuyingSellingNet
13F funds
Latest quarterly filings
411
Insiders
Form 4 open-market
31+$118K
US House
STOCK Act trades
00$0
Sector rotation
HGBL is in Industrials, which smart money is rotating OUT OF
$1.1B

Capital Rotation reports where institutional capital DISCLOSED rotating, as of the latest public SEC 13F filings. It is DATA, NOT investment advice, a recommendation, or a prediction. Filings lag ~45 days and cover long US equity positions only. Past disclosed flows do not indicate future prices. Do your own research; consult a licensed advisor.

Institutional ownership over time

12 funds-25 since Q3 2024
01937Q3 2024Q1 2025Q3 2025Q1 2026Q2 2026
funds holding aggregate valuelatest $2.9M

Recent filings

15 shown

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Connected entities for HGBL

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Ask your agent what changed in HGBL

This stock page is the public Follow view. For one current, evidence-backed answer, use capital_change_brief through REST or MCP. It compares tracked 13F changes with qualifying Form 4 activity and cites the SEC evidence.

Copy-paste
curl -H "Authorization: Bearer YOUR_API_KEY" \
  "https://arkolith.com/api/v1/stocks/HGBL/capital-change-brief"
Ask your agent
Use Arkolith's capital_change_brief for HGBL.
Tell me what changed, whether insider activity
corroborates it, and cite the SEC evidence.

13F holdings + Form 4 insider transactions + end-of-day price history + the live filing stream, joined for HGBL. Filings are public domain, sourced to SEC EDGAR; price series derived from end-of-day closes.