Vault-13

H & E EQUIPMENT SERVICES INC HEES

COM · Common Stock · CUSIP 404030108

251 institutional holders +52 vs Q4 2024
31,357,53831.4m shares reported held*
$3.0bnreported value*
104 new 49 added 65 reduced 59 sold out net sold ≈ $151.8m (-1.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $94.79. Options: 7 managers hold calls ($10.2m notional), 23 hold puts ($109.1m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 162Q4 22: 179Q1 23: 190Q2 23: 196Q3 23: 189Q4 23: 203Q1 24: 216Q2 24: 216Q3 24: 226Q4 24: 199Q1 25: 251251Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022162
Q4 2022179
Q1 2023190
Q2 2023196
Q3 2023189
Q4 2023203
Q1 2024216
Q2 2024216
Q3 2024226
Q4 2024199
Q1 2025251

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q2 23: 98 bought or addedQ2 23: 89 cut or sold outQ3 23: 99 bought or addedQ3 23: 99 cut or sold outQ3 23Q4 23: 94 bought or addedQ4 23: 105 cut or sold outQ1 24: 99 bought or addedQ1 24: 106 cut or sold outQ1 24Q2 24: 131 bought or addedQ2 24: 111 cut or sold outQ3 24: 108 bought or addedQ3 24: 116 cut or sold outQ3 24Q4 24: 95 bought or addedQ4 24: 114 cut or sold outQ1 25: 153 bought or addedQ1 25: 124 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20239889
Q3 20239999
Q4 202394105
Q1 202499106
Q2 2024131111
Q3 2024108116
Q4 202495114
Q1 2025153124

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ2 24 calls: $2.1mQ2 24 puts: $2.1mQ2 24P/C 0.97Q3 24 calls: $5.9mQ3 24 puts: $2.2mQ3 24P/C 0.38Q4 24 calls: $3.9mQ4 24 puts: $2.4mQ4 24P/C 0.62Q1 25 calls: $10.2mQ1 25 puts: $109.1mQ1 25P/C 10.71
Numbers
QuarterCallsPutsP/C
Q2 2024$2.1m$2.1m0.97
Q3 2024$5.9m$2.2m0.38
Q4 2024$3.9m$2.4m0.62
Q1 2025$10.2m$109.1m10.71

Biggest buyers

Pentwater Capital Management LP New +1,650,000+1.6m
NORGES BANK Added +701,402+701.4k
Balyasny Asset Management L.P. Added +685,193+685.2k
GOLDMAN SACHS GROUP INC Added +639,231+639.2k
UBS Group AG Added +558,074+558.1k
Magnetar Financial LLC New +512,725+512.7k
ALPINE ASSOCIATES MANAGEMENT INC. New +504,603+504.6k
TIG Advisors, LLC New +489,586+489.6k
Man Group plc New +453,920+453.9k
ALLIANCEBERNSTEIN L.P. Added +433,282+433.3k

Biggest sellers

Clearbridge Investments, LLC Sold out -2,119,455-2.1m
MACQUARIE GROUP LTD Reduced -1,634,309-1.6m
Pertento Partners LLP Sold out -1,030,094-1.0m
AMERICAN CENTURY COMPANIES INC Reduced -978,797-978.8k
WESTWOOD HOLDINGS GROUP INC Sold out -855,476-855.5k
VICTORY CAPITAL MANAGEMENT INC Reduced -680,081-680.1k
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Sold out -587,817-587.8k
FIRST TRUST ADVISORS LP Reduced -573,137-573.1k
BANK OF AMERICA CORP /DE/ Reduced -524,179-524.2k
COOKE & BIELER LP Sold out -462,539-462.5k

Biggest calls

Caption Management, LLC New $5.7m60.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.6m37.5k shares
CITADEL ADVISORS LLC Reduced $379.2k4.0k shares
Walleye Trading LLC New $369.7k3.9k shares
SIMPLEX TRADING, LLC Added $123.0k1.3k shares
GROUP ONE TRADING LLC New $19.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

WATER ISLAND CAPITAL LLC New $21.9m231.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.5m195.0k shares
Caption Management, LLC New $13.9m147.0k shares
Walleye Trading LLC New $11.0m115.8k shares
READYSTATE ASSET MANAGEMENT LP New $9.5m100.0k shares
MILLENNIUM MANAGEMENT LLC New $6.7m70.2k shares
UBS Group AG New $6.4m67.1k shares
Eisler Capital Management Ltd. New $5.8m60.7k shares
BARDIN HILL MANAGEMENT PARTNERS LP New $5.7m60.6k shares
JANE STREET GROUP, LLC New $4.2m44.3k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
VANGUARD GROUP INC 13G · institution filed 2025-04-30 8.8% 3.2m 2025-04-30
BlackRock, Inc. 13G · institution filed 2025-04-17 6.8% 2.5m 2025-04-17
Engquist John 13G · exempt (held before listing) filed 2025-01-06 6.8% 2.5m 2025-01-06

Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (0.0%, 2026-08-13)

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,235,1403.2m $306.7m $306.7m 0.01% Reduced -444.6k -444,623
2 BlackRock, Inc. 0.01% of their portfolio New York, NY 2,572,2552.6m $243.8m $243.8m 0.01% Reduced -276.4k -276,364
3 Pentwater Capital Management LP 2.18% of their portfolio Naples, FL 1,650,0001.6m $156.4m $156.4m 2.18% New
4 AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio KANSAS CITY, MO 1,155,4551.2m $109.5m $109.5m 0.07% Reduced -978.8k -978,797
5 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,132,2141.1m $107.3m $107.3m 0.02% Added +639.2k +639,231
6 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 2.45% of their portfolio CHICAGO, IL 1,085,1901.1m $102.9m $102.9m 2.45% Not comparable
7 UBS Group AG 0.02% of their portfolio ZURICH, V8 958,347958.3k $90.8m $90.8m 0.02% Added +558.1k +558,074
8 HBK INVESTMENTS L P 1.56% of their portfolio DALLAS, TX 944,173944.2k $89.5m $89.5m 1.56% Not comparable
9 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 943,682943.7k $89.4m $89.4m 0.02% Reduced -258.2k -258,195
10 NORGES BANK 0.01% of their portfolio OSLO, Q8 805,793805.8k $76.4m $76.4m 0.01% Added +701.4k +701,402
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 765,859765.9k $72.6m $72.6m 0.00% Reduced -31.8k -31,837
12 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 764,887764.9k $72.5m $72.5m 0.01% Added +16.1k +16,076
13 Balyasny Asset Management L.P. 0.17% of their portfolio Chicago, IL 715,409715.4k $67.8m $67.8m 0.17% Added +685.2k +685,193
14 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 608,794608.8k $57.7m $57.7m 0.07% Reduced -1.6m -1,634,309
15 Magnetar Financial LLC 0.64% of their portfolio EVANSTON, IL 512,725512.7k $48.6m $48.6m 0.64% New
16 ALPINE ASSOCIATES MANAGEMENT INC. 2.51% of their portfolio PALM BEACH, FL 504,603504.6k $47.8m $47.8m 2.51% New
17 TIG Advisors, LLC 3.03% of their portfolio New York, NY 489,586489.6k $46.4m $46.4m 3.03% New
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 474,167474.2k $44.9m $44.9m 0.01% Reduced -61.4k -61,422
19 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 469,481469.5k $44.5m $44.5m 0.02% Added +433.3k +433,282
20 Man Group plc 0.13% of their portfolio LONDON, X0 453,920453.9k $43.0m $43.0m 0.13% New
21 WATER ISLAND CAPITAL LLC 7.09% of their portfolio NEW YORK, NY 431,648431.6k $40.9m $40.9m 7.09% New
22 GLAZER CAPITAL, LLC 1.89% of their portfolio New York, NY 430,177430.2k $40.8m $40.8m 1.89% New
23 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 402,976403.0k $38.2m $38.2m 0.04% New
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 395,949395.9k $37.5m $37.5m 0.00% Added +19.8k +19,796
25 Westchester Capital Management, LLC 2.02% of their portfolio VALHALLA, NY 368,279368.3k $34.9m $34.9m 2.02% New
26 AQR Arbitrage LLC 0.81% of their portfolio Greenwich, CT 354,101354.1k $33.6m $33.6m 0.81% New
27 LMR Partners LLP 0.66% of their portfolio LONDON, X0 345,955346.0k $32.8m $32.8m 0.66% New
28 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio CAUSEWAY BAY, K3 338,218338.2k $32.1m $32.1m 0.07% Reduced -131.3k -131,347
29 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 331,318331.3k $31.4m $31.4m 0.01% Added +84.2k +84,248
30 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 330,327330.3k $31.3m $31.3m 0.00% Added +17 +17
31 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 325,281325.3k $30.8m $30.8m 0.18% New
32 SONA ASSET MANAGEMENT (US) LLC 1.16% of their portfolio NEW YORK, NY 320,849320.8k $30.4m $30.4m 1.16% New
33 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.06% of their portfolio TORONTO, A6 293,000293.0k $27.8m $27.8m 0.06% New
34 First Trust Capital Management L.P. 1.92% of their portfolio CHICAGO, IL 280,674280.7k $26.6m $26.6m 1.92% New
35 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 257,758257.8k $24.4m $24.4m 0.02% Added +220.2k +220,173
36 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 253,548253.5k $24.0m $24.0m 0.00% Reduced -524.2k -524,179
37 FIL Ltd 0.02% of their portfolio HAMILTON, D0 243,000243.0k $23.0m $23.0m 0.02% New
38 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 233,105233.1k $22.1m $22.1m 0.00% Reduced -15.4k -15,408
39 SOROS FUND MANAGEMENT LLC 0.39% of their portfolio NEW YORK, NY 233,027233.0k $22.1m $22.1m 0.39% New
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 230,723230.7k $21.9m $21.9m 0.00% Added +156.5k +156,539
41 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 194,258194.3k $18.5m $18.5m 0.01% Reduced -153.2k -153,217
42 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio JUPITER, FL 173,285173.3k $16.4m $16.4m 0.06% New
43 Slotnik Capital, LLC 6.94% of their portfolio DALLAS, TX 147,900147.9k $14.0m $14.0m 6.94% New
44 GABELLI FUNDS LLC 0.10% of their portfolio Rye, NY 133,473133.5k $12.7m $12.7m 0.10% Added +108.5k +108,473
45 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 131,375131.4k $12.5m $12.5m 0.02% Added +125.7k +125,706
46 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 126,564126.6k $12.0m $12.0m 0.02% New
47 HARVEST MANAGEMENT LLC 5.53% of their portfolio New York, NY 125,445125.4k $11.9m $11.9m 5.53% New
48 Taconic Capital Advisors LP 1.05% of their portfolio NEW YORK, NY 125,000125.0k $11.8m $11.8m 1.05% Not comparable
49 Twin Securities, Inc. 5.96% of their portfolio New York, NY 109,490109.5k $10.4m $10.4m 5.96% New
50 Woodline Partners LP 0.07% of their portfolio San Francisco, CA 108,356108.4k $10.3m $10.3m 0.07% New
51 One68 Global Capital, LLC 4.77% of their portfolio NEW YORK, NY 102,455102.5k $9.7m $9.7m 4.77% New
52 ODDO BHF ASSET MANAGEMENT SAS 0.38% of their portfolio PARIS, I0 98,84798.8k $9.4m $9.4m 0.38% Not comparable
53 GABELLI & Co INVESTMENT ADVISERS, INC. 1.41% of their portfolio Rye, NY 98,14498.1k $9.3m $9.3m 1.41% New
54 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 91,95992.0k $8.7m $8.7m 0.01% Added +56.0k +56,007
55 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 88,30988.3k $8.4m $8.4m 0.00% Added +10.1k +10,106
56 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 84,37984.4k $8.0m $8.0m 0.00% Added +76.4k +76,399
57 Advisors Asset Management, Inc. 0.15% of their portfolio Monument, CO 81,97482.0k $7.8m $7.8m 0.15% Added +5.5k +5,491
58 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 78,86778.9k $7.5m $7.5m 0.00% First filing
59 New York Life Investment Management LLC 0.07% of their portfolio New York, NY 74,51874.5k $7.1m $7.1m 0.07% New
60 NATIXIS 0.04% of their portfolio PARIS, I0 73,92473.9k $7.0m $7.0m 0.04% Added +72.8k +72,805
61 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 72,48472.5k $6.9m $6.9m 0.00% Reduced -80.8k -80,807
62 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 70,81270.8k $6.7m $6.7m 0.01% New
63 Versor Investments LP 1.07% of their portfolio New York, NY 69,54469.5k $6.6m $6.6m 1.07% New
64 READYSTATE ASSET MANAGEMENT LP 0.33% of their portfolio CHICAGO, IL 69,39969.4k $6.6m $6.6m 0.33% New
65 Absolute Gestao de Investimentos Ltda. 2.87% of their portfolio SAO PAULO, D5 68,99669.0k $6.5m $6.5m 2.87% New
66 Eisler Capital Management Ltd. 0.19% of their portfolio LONDON, X0 67,52567.5k $6.4m $6.4m 0.19% New
67 Swiss National Bank 0.00% of their portfolio ZURICH, V8 63,80063.8k $6.0m $6.0m 0.00% Reduced -800 -800
68 Meteora Capital, LLC 2.11% of their portfolio Boca Raton, FL 62,86762.9k $6.0m $6.0m 2.11% New
69 BARDIN HILL MANAGEMENT PARTNERS LP 2.49% of their portfolio NEW YORK, NY 60,60060.6k $5.7m $5.7m 2.49% New
70 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 57,20057.2k $5.4m $5.4m 0.01% New
71 ABC ARBITRAGE SA 0.95% of their portfolio PARIS, I0 53,99254.0k $5.1m $5.1m 0.95% New
72 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 53,59353.6k $5.1m $5.1m 0.00% Reduced -10.0k -9,990
73 Blue Zone Wealth Advisors, LLC 1.40% of their portfolio LOS ANGELES, CA 53,00453.0k $5.0m $5.0m 1.40% Added +7.3k +7,252
74 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 50,35150.4k $4.8m $4.8m 0.00% Reduced -573.1k -573,137
75 CREDIT INDUSTRIEL ET COMMERCIAL 0.84% of their portfolio PARIS FRANCE, I0 48,63348.6k $4.6m $4.6m 0.84% New
76 ANGELO GORDON & CO., L.P. 0.77% of their portfolio NEW YORK, NY 46,88446.9k $4.4m $4.4m 0.77% New
77 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 45,55145.6k $4.3m $4.3m 0.00% Reduced -127 -127
78 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 44,41544.4k $4.2m $4.2m 0.01% Added +1.7k +1,674
79 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 41,62941.6k $3.9m $3.9m 0.01% Added +1.1k +1,147
80 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 39,54339.5k $3.7m $3.7m 0.00% New
81 Legal & General Group Plc 0.00% of their portfolio London, X0 39,39139.4k $3.7m $3.7m 0.00% Reduced -301 -301
82 Alberta Investment Management Corp 0.03% of their portfolio EDMONTON, A0 39,30039.3k $3.7m $3.7m 0.03% New
83 DARK FOREST CAPITAL MANAGEMENT LP 0.16% of their portfolio NEW YORK, NY 36,75536.8k $3.5m $3.5m 0.16% New
84 Carmignac Gestion 0.06% of their portfolio PARIS, I0 35,92335.9k $3.4m $3.4m 0.06% New
85 SHELTON CAPITAL MANAGEMENT 0.08% of their portfolio Denver, CO 35,30335.3k $3.3m $3.3m 0.08% Reduced -64 -64
86 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 34,32734.3k $3.3m $3.3m 0.00% Reduced -33.5k -33,547
87 BOOTHBAY FUND MANAGEMENT, LLC 0.10% of their portfolio NEW YORK, NY 31,43731.4k $3.0m $3.0m 0.10% New
88 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 30,23530.2k $2.9m $2.9m 0.00% Reduced -456 -456
89 Capula Management Ltd 0.02% of their portfolio Grand Cayman, E9 30,00030.0k $2.8m $2.8m 0.02% Not comparable
90 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 28,64928.6k $2.7m $2.7m 0.00% Reduced -45.7k -45,684
91 SYQUANT CAPITAL SAS 1.88% of their portfolio PARIS, I0 28,00028.0k $2.7m $2.7m 1.88% New
92 Yakira Capital Management, Inc. 1.07% of their portfolio Westport, CT 27,70027.7k $2.6m $2.6m 1.07% New
93 Keeley-Teton Advisors, LLC 0.29% of their portfolio Chicago, IL 25,50025.5k $2.4m $2.4m 0.29% Reduced -5.5k -5,550
94 GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio GREENWICH, CT 25,20025.2k $2.4m $2.4m 0.03% Reduced -10.3k -10,300
95 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 25,11925.1k $2.4m $2.4m 0.01% Reduced -122.8k -122,810
96 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 24,83424.8k $2.4m $2.4m 0.00% Added +881 +881
97 ExodusPoint Capital Management, LP 0.03% of their portfolio NEW YORK, NY 22,97223.0k $2.2m $2.2m 0.03% New
98 Aquatic Capital Management LLC 0.06% of their portfolio CHICAGO, IL 22,84122.8k $2.2m $2.2m 0.06% New
99 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 22,43122.4k $2.1m $2.1m 0.00% Reduced -14.7k -14,676
100 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 22,11722.1k $2.1m $2.1m 0.00% Reduced -19.5k -19,491