Heritage Global
HGBL
42 hedge funds and large institutions have $30M invested in Heritage Global in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 6 increasing their positions, 16 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
19% more capital invested
Capital invested by funds: $25.2M → $30M (+$4.72M)
8% more funds holding
Funds holding: 39 → 42 (+3)
2.19% more ownership
Funds ownership: 36.54% → 38.73% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
63% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAG
Journey Advisory Group
Covington,
Kentucky
|
+$1.53M |
| 2 |
RC
RBF Capital
San Francisco,
California
|
+$116K |
| 3 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
+$74.9K |
| 4 |
PA
Parkside Advisors
Berkeley,
California
|
+$72.7K |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$54.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Topline Capital Management
Santa Monica,
California
|
-$495K |
| 2 |
MA
Mutual Advisors
Omaha,
Nebraska
|
-$347K |
| 3 |
Renaissance Technologies
New York
|
-$194K |
| 4 |
Koshinski Asset Management
Decatur,
Illinois
|
-$185K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$99.1K |
HGBL Hedge Fund Activity: Q1 2025 in Review
42 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Heritage Global (HGBL) for Q1 2025, worth a combined $30M — up 19% from $25.2M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new HGBL positions and 7 closed out — a net gain of 3 holders — while 6 added to existing stakes and 16 trimmed.
The largest buyer was Journey Advisory Group, opening a new position worth an estimated $1.53M. The largest seller was Topline Capital Management, cutting an estimated $495K.
- 42 institutional investors held Heritage Global (HGBL) as of Q1 2025, up from 39 in Q4 2024.
- Funds reported $30M of Heritage Global stock for Q1 2025, up 19% quarter-over-quarter.
- 10 funds opened new Heritage Global positions in Q1 2025 and 7 closed out, a net change of +3 holders.
- The largest Heritage Global buyer in Q1 2025 was Journey Advisory Group, an estimated $1.53M added.
- The largest Heritage Global seller in Q1 2025 was Topline Capital Management, an estimated $495K sold.
Based on aggregated 13F filings for Q1 2025.