The Honest Company
HNST
82 hedge funds and large institutions have $79.5M invested in The Honest Company in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 32 reducing their positions, and 41 closing their positions.
49% more call options, than puts
Call options by funds: $346K | Put options by funds: $232K
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4.33% less ownership
Funds ownership: 54.97% → 50.64% (-4.3%)
14% less capital invested
Capital invested by funds: $92.4M → $79.5M (-$12.9M)
26% less funds holding
Funds holding: 111 → 82 (-29)
56% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 32
68% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$1.99M |
| 2 |
Millennium Management
New York
|
+$1.87M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$1.47M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$1.21M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$5.51M |
| 2 |
State Street
Boston,
Massachusetts
|
-$1.75M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$1.39M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.18M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.07M |
HNST Hedge Fund Activity: Q2 2023 in Review
82 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in The Honest Company (HNST) for Q2 2023, worth a combined $79.5M — down 14% from $92.4M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of HNST and 13 opened new positions — a net loss of 28 holders — while 32 trimmed existing stakes and 14 added.
The largest buyer was Portolan Capital Management, adding an estimated $1.99M. The largest seller was BlackRock, cutting an estimated $5.51M.
- 82 institutional investors held The Honest Company (HNST) as of Q2 2023, down from 111 in Q1 2023.
- Funds reported $79.5M of The Honest Company stock for Q2 2023, down 14% quarter-over-quarter.
- 13 funds opened new The Honest Company positions in Q2 2023 and 41 closed out, a net change of -28 holders.
- The largest The Honest Company buyer in Q2 2023 was Portolan Capital Management, an estimated $1.99M added.
- The largest The Honest Company seller in Q2 2023 was BlackRock, an estimated $5.51M sold.
Based on aggregated 13F filings for Q2 2023.