MAK Capital One’s Heidrick & Struggles HSII Stock Holding History

MAK Capital One’s Portfolio HSII Stock Details HSII Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-1,213,762	Closed	-$60.4M	–	24
2025 Q3	$60.4M	Buy	1,213,762 +2,264	+0.2%	+$109K	9.29%	4
2025 Q2	$55.4M	Buy	1,211,498 +213,990	+21%	+$8.98M	7.94%	4
2025 Q1	$42.7M	Hold	997,508	–	–	7.26%	4
2024 Q4	$44.2M	Hold	997,508	–	–	6.76%	4
2024 Q3	$38.8M	Buy	997,508 +4,100	+0.4%	+$148K	7.92%	3
2024 Q2	$31.4M	Buy	993,408 +258,583	+35%	+$8.43M	7.51%	3
2024 Q1	$24.7M	Buy	+734,825	New	+$22.3M	4.9%	3

Other funds holding HSII

DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

MAK Capital One's HSII Position: Q4 2025 in Review

MAK Capital One sold out of Heidrick & Struggles (HSII) in Q4 2025, closing a stake of 1,213,762 shares — an estimated $60.4M sold.

MAK Capital One first reported a position in HSII in Q1 2024 and held it in 7 quarters. The position peaked at $60.4M in Q3 2025. 2 funds tracked by Wall St. Rank hold HSII as of Q4 2025.

MAK Capital One reported no remaining Heidrick & Struggles position as of Q4 2025 after selling out during the quarter.
MAK Capital One sold 1,213,762 Heidrick & Struggles shares in Q4 2025, an estimated $60.4M.
MAK Capital One first reported a position in Heidrick & Struggles in Q1 2024 and held it in 7 quarters.
MAK Capital One's Heidrick & Struggles position peaked at $60.4M in Q3 2025.
2 funds tracked by Wall St. Rank held Heidrick & Struggles as of Q4 2025.

Based on MAK Capital One's 13F filing for Q4 2025, filed 17 Feb 2026.