The Honest Company
HNST
123 hedge funds and large institutions have $205M invested in The Honest Company in 2024 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 39 increasing their positions, 20 reducing their positions, and 14 closing their positions.
236% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 14
95% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 20
56% more call options, than puts
Call options by funds: $1.44M | Put options by funds: $920K
44% more capital invested
Capital invested by funds: $143M → $205M (+$62.5M)
35% more funds holding
Funds holding: 91 → 123 (+32)
7.6% more ownership
Funds ownership: 45.32% → 52.92% (+7.6%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.91M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$3.14M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$2.33M |
| 4 |
Morgan Stanley
New York
|
+$1.84M |
| 5 |
SO
STRS Ohio
Columbus,
Ohio
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archon Capital Management
Seattle,
Washington
|
-$7.07M |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$1.46M |
| 3 |
Citigroup
New York
|
-$797K |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$630K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$449K |
HNST Hedge Fund Activity: Q1 2024 in Review
123 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in The Honest Company (HNST) for Q1 2024, worth a combined $205M — up 44% from $143M a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new HNST positions and 14 closed out — a net gain of 33 holders — while 39 added to existing stakes and 20 trimmed.
The largest buyer was Millennium Management, adding an estimated $4.91M. The largest seller was Archon Capital Management, cutting an estimated $7.07M.
- 123 institutional investors held The Honest Company (HNST) as of Q1 2024, up from 91 in Q4 2023.
- Funds reported $205M of The Honest Company stock for Q1 2024, up 44% quarter-over-quarter.
- 47 funds opened new The Honest Company positions in Q1 2024 and 14 closed out, a net change of +33 holders.
- The largest The Honest Company buyer in Q1 2024 was Millennium Management, an estimated $4.91M added.
- The largest The Honest Company seller in Q1 2024 was Archon Capital Management, an estimated $7.07M sold.
Based on aggregated 13F filings for Q1 2024.