Heritage Global
HGBL
38 hedge funds and large institutions have $28.7M invested in Heritage Global in 2025 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 9 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $30M → $28.7M (-$1.23M)
2.22% less ownership
Funds ownership: 38.73% → 36.51% (-2.2%)
10% less funds holding
Funds holding: 42 → 38 (-4)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
44% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
THC
Truffle Hound Capital
Bethesda,
Maryland
|
+$566K |
| 2 |
Renaissance Technologies
New York
|
+$205K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$131K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$112K |
| 5 |
Goldman Sachs
New York
|
+$85.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAG
Journey Advisory Group
Covington,
Kentucky
|
-$1.57M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$1.12M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$87.7K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$36.9K |
| 5 |
TCM
Topline Capital Management
Santa Monica,
California
|
-$34K |
HGBL Hedge Fund Activity: Q2 2025 in Review
38 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Heritage Global (HGBL) for Q2 2025, worth a combined $28.7M — down 4.1% from $30M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of HGBL and 5 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Truffle Hound Capital, adding an estimated $566K. The largest seller was Journey Advisory Group, exiting entirely with an estimated $1.57M sold.
- 38 institutional investors held Heritage Global (HGBL) as of Q2 2025, down from 42 in Q1 2025.
- Funds reported $28.7M of Heritage Global stock for Q2 2025, down 4.1% quarter-over-quarter.
- 5 funds opened new Heritage Global positions in Q2 2025 and 9 closed out, a net change of -4 holders.
- The largest Heritage Global buyer in Q2 2025 was Truffle Hound Capital, an estimated $566K added.
- The largest Heritage Global seller in Q2 2025 was Journey Advisory Group, an estimated $1.57M sold.
Based on aggregated 13F filings for Q2 2025.