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HealthEquity

493 hedge funds and large institutions have $8.38B invested in HealthEquity in 2025 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 165 increasing their positions, 183 reducing their positions, and 63 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more call options, than puts

Call options by funds: $20.2M | Put options by funds: $6.72M

24% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 63

1% more funds holding

Funds holding: 486493 (+7)

0% more funds holding in top 10

Funds holding in top 10: 88 (0)

10% less repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 183

2.8% less ownership

Funds ownership: 105.52%102.73% (-2.8%)

12% less capital invested

Capital invested by funds: $9.56B → $8.38B (-$1.17B)

Holders
493
Holders Change
+7
Holders Change %
+1.44%
% of All Funds
6.47%
Holding in Top 10
8
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.11%
New
78
Increased
165
Reduced
183
Closed
63
Calls
$20.2M
Puts
$6.72M
Net Calls
+$13.5M
Net Calls Change
+$4M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$1.06B +$41.6M +441,876 +4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$829M +$22.9M +243,549 +3%
WA
3
Wasatch Advisors
Utah
$598M +$19.4M +206,611 +3%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$331M -$146M -1,550,235 -31%
State Street
5
State Street
Massachusetts
$299M -$3.2M -34,024 -1%
Geode Capital Management
6
Geode Capital Management
Massachusetts
$208M +$4.55M +48,383 +2%
Invesco
7
Invesco
Georgia
$202M -$22.3M -236,706 -10%
AQR Capital Management
8
AQR Capital Management
Connecticut
$167M +$61.8M +656,820 +59%
Westfield Capital Management
9
Westfield Capital Management
Massachusetts
$163M +$42.5M +451,450 +36%
Brown Advisory
10
Brown Advisory
Maryland
$152M -$2.05M -21,751 -1%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$148M +$3.59M +38,154 +3%
T. Rowe Price Associates
12
T. Rowe Price Associates
Maryland
$145M +$78.4M +833,361 +119%
ClearBridge Investments
13
ClearBridge Investments
New York
$129M +$3.62M +38,449 +3%
Morgan Stanley
14
Morgan Stanley
New York
$123M -$9.58M -101,756 -7%
Mackenzie Financial
15
Mackenzie Financial
Ontario, Canada
$120M +$55K +584 +0%
JP Morgan Chase
16
JP Morgan Chase
New York
$114M +$11.7M +124,283 +11%
Charles Schwab
17
Charles Schwab
California
$108M +$1.21M +12,872 +1%
GCM
18
Geneva Capital Management
Wisconsin
$104M -$1M -10,634 -1%
Northern Trust
19
Northern Trust
Illinois
$102M -$677K -7,199 -0.7%
GF
20
Greenhouse Funds
Maryland
$101M +$14.8M +157,106 +17%
Loomis, Sayles & Company
21
Loomis, Sayles & Company
Massachusetts
$93.4M -$4.35M -46,223 -4%
ACP
22
Atalan Capital Partners
New York
$86.4M +$19.9M +211,600 +30%
Goldman Sachs
23
Goldman Sachs
New York
$83M -$3.94M -41,845 -5%
Franklin Resources
24
Franklin Resources
California
$79.6M +$593K +6,299 +0.8%
Janus Henderson Group
25
Janus Henderson Group
United Kingdom
$79.6M -$1.23M -13,101 -2%

HQY Hedge Fund Activity: Q3 2025 in Review

493 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in HealthEquity (HQY) for Q3 2025, worth a combined $8.38B — down 12% from $9.56B a quarter earlier.

Buyers outnumbered sellers: 78 funds opened new HQY positions and 63 closed out — a net gain of 15 holders — while 165 added to existing stakes and 183 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $78.4M. The largest seller was Fidelity Investments, cutting an estimated $146M.

  • 493 institutional investors held HealthEquity (HQY) as of Q3 2025, up from 486 in Q2 2025.
  • Funds reported $8.38B of HealthEquity stock for Q3 2025, down 12% quarter-over-quarter.
  • 78 funds opened new HealthEquity positions in Q3 2025 and 63 closed out, a net change of +15 holders.
  • The largest HealthEquity buyer in Q3 2025 was T. Rowe Price Associates, an estimated $78.4M added.
  • The largest HealthEquity seller in Q3 2025 was Fidelity Investments, an estimated $146M sold.

Based on aggregated 13F filings for Q3 2025.