Heritage Global
HGBL
38 hedge funds and large institutions have $21.8M invested in Heritage Global in 2025 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
1.34% more ownership
Funds ownership: 36.51% → 37.85% (+1.3%)
0% more funds holding
Funds holding: 38 → 38 (0)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
24% less capital invested
Capital invested by funds: $28.7M → $21.8M (-$6.91M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
THC
Truffle Hound Capital
Bethesda,
Maryland
|
+$360K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$85.6K |
| 3 |
Renaissance Technologies
New York
|
+$49.7K |
| 4 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$46.9K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$42.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$42.8K |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$41.7K |
| 3 |
MCP
Militia Capital Partners
Las Vegas,
Nevada
|
-$41.3K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$30.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$27.3K |
HGBL Hedge Fund Activity: Q3 2025 in Review
38 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Heritage Global (HGBL) for Q3 2025, worth a combined $21.8M — down 24% from $28.7M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new HGBL positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Truffle Hound Capital, adding an estimated $360K. The largest seller was Dimensional Fund Advisors, cutting an estimated $42.8K.
- 38 institutional investors held Heritage Global (HGBL) as of Q3 2025, unchanged from Q2 2025.
- Funds reported $21.8M of Heritage Global stock for Q3 2025, down 24% quarter-over-quarter.
- 3 funds opened new Heritage Global positions in Q3 2025 and 2 closed out, a net change of +1 holder.
- The largest Heritage Global buyer in Q3 2025 was Truffle Hound Capital, an estimated $360K added.
- The largest Heritage Global seller in Q3 2025 was Dimensional Fund Advisors, an estimated $42.8K sold.
Based on aggregated 13F filings for Q3 2025.