HealthEquity
464 hedge funds and large institutions have $8.2B invested in HealthEquity in 2025 Q1 according to their latest regulatory filings, with 76 funds opening new positions, 199 increasing their positions, 140 reducing their positions, and 47 closing their positions.
62% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 47
42% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 140
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
5% more funds holding
Funds holding: 441 → 464 (+23)
3.41% more ownership
Funds ownership: 104.06% → 107.47% (+3.4%)
2% less call options, than puts
Call options by funds: $27.5M | Put options by funds: $28M
5% less capital invested
Capital invested by funds: $8.66B → $8.2B (-$459M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$93.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$84.2M |
| 3 |
Morgan Stanley
New York
|
+$62.6M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$59.6M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
+$57.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$93.6M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$51.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$44.2M |
| 4 |
ITP
Iron Triangle Partners
Cos Cob,
Connecticut
|
-$32.2M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$28.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KI
501
Kapitalo Investimentos
Sao Paulo,
Brazil
| – | -$89.5K | -933 | Closed |
|
|
CFGS
502
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$59.9K | -566 | Closed |
|
503
Group One Trading
Chicago,
Illinois
| – | -$52.5K | -512 | Closed |
|
|
AWM
504
Avior Wealth Management
Omaha,
Nebraska
| – | -$28.9K | -301 | Closed |
|
|
CAS
505
Coppell Advisory Solutions
Coppell,
Texas
| – | -$22.5K | -232 | Closed |
|
|
NWWA
506
New Wave Wealth Advisors
Springdale,
Arkansas
| – | -$14.4K | -150 | Closed |
|
|
EBA
507
Eagle Bay Advisors
New York
| – | -$7.48K | -78 | Closed |
|
|
LFA
508
LGT Financial Advisors
Dallas,
Texas
| – | -$7.2K | -75 | Closed |
|
|
FG
509
Fairman Group
Chesterbrook,
Pennsylvania
| – | -$1.44K | -15 | Closed |
|
|
RTC
510
Riverview Trust Company
Vancouver,
Washington
| – | -$576 | -6 | Closed |
|
|
AW
511
Avion Wealth
The Woodlands,
Texas
| – | +$718 | +7 | New |
|
HQY Hedge Fund Activity: Q1 2025 in Review
464 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in HealthEquity (HQY) for Q1 2025, worth a combined $8.2B — down 5.3% from $8.66B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new HQY positions and 47 closed out — a net gain of 29 holders — while 199 added to existing stakes and 140 trimmed.
The largest buyer was CIBC Private Wealth Group, adding an estimated $93.8M. The largest seller was Millennium Management, cutting an estimated $93.6M.
- 464 institutional investors held HealthEquity (HQY) as of Q1 2025, up from 441 in Q4 2024.
- Funds reported $8.2B of HealthEquity stock for Q1 2025, down 5.3% quarter-over-quarter.
- 76 funds opened new HealthEquity positions in Q1 2025 and 47 closed out, a net change of +29 holders.
- The largest HealthEquity buyer in Q1 2025 was CIBC Private Wealth Group, an estimated $93.8M added.
- The largest HealthEquity seller in Q1 2025 was Millennium Management, an estimated $93.6M sold.
Based on aggregated 13F filings for Q1 2025.