HAWAIIAN ELEC INDUSTRIES HE
COM · Common Stock · CUSIP 419870100
American utility company
- SectorUtilities
- IndustryElectric Services
- HeadquartersHonolulu, HI
- Founded1891
- Websitehawaiianelectric.com
- FilingsSEC EDGAR
* 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 ($423.1k this quarter). Holder counts are more reliable. Shares outstanding: 172.5m as of 2025-02-14, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $9.73. Options: 17 managers hold calls ($30.4m notional), 15 hold puts ($23.1m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 326 |
| Q4 2022 | 322 |
| Q1 2023 | 330 |
| Q2 2023 | 323 |
| Q3 2023 | 276 |
| Q4 2023 | 292 |
| Q1 2024 | 295 |
| Q2 2024 | 278 |
| Q3 2024 | 291 |
| Q4 2024 | 290 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 141 | 147 |
| Q2 2023 | 128 | 153 |
| Q3 2023 | 160 | 202 |
| Q4 2023 | 137 | 144 |
| Q1 2024 | 134 | 144 |
| Q2 2024 | 142 | 129 |
| Q3 2024 | 157 | 132 |
| Q4 2024 | 145 | 136 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $26.5m | $25.7m | 0.97 |
| Q2 2024 | $11.6m | $20.3m | 1.75 |
| Q3 2024 | $27.3m | $37.4m | 1.37 |
| Q4 2024 | $30.4m | $23.1m | 0.76 |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | New | +11.8m |
| UBS Group AG | Added | +2.5m |
| HORIZON KINETICS ASSET MANAGEMENT LLC | New | +2.4m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.3m |
| VANGUARD GROUP INC | Added | +1.1m |
| BlackRock, Inc. | Added | +1.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +901.4k |
| STATE STREET CORP | Added | +878.3k |
| Mitsubishi UFJ Trust & Banking Corp | Added | +809.6k |
| Jefferies Financial Group Inc. | New | +583.8k |
Biggest sellers
| FMR LLC | Reduced | -5.3m |
| CITADEL ADVISORS LLC | Reduced | -4.7m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Sold out | -3.0m |
| Ghisallo Capital Management LLC | Reduced | -2.8m |
| MARSHALL WACE, LLP | Reduced | -2.5m |
| Newtyn Management, LLC | Reduced | -2.2m |
| Alyeska Investment Group, L.P. | Reduced | -2.2m |
| Third Point LLC | Sold out | -1.5m |
| FEDERATED HERMES, INC. | Reduced | -524.0k |
| SEVEN GRAND MANAGERS, LLC | Sold out | -505.0k |
Biggest calls
| Caption Management, LLC | Added | $6.9m707.8k shares |
| Centiva Capital, LP | Added | $6.2m633.4k shares |
| CITADEL ADVISORS LLC | Reduced | $2.6m265.0k shares |
| UBS Group AG | Unchanged | $2.0m210.0k shares |
| GROUP ONE TRADING LLC | Added | $2.0m207.0k shares |
| WOLVERINE TRADING, LLC | Added | $1.9m199.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.9m190.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.5m150.1k shares |
| JANE STREET GROUP, LLC | Reduced | $1.4m145.0k shares |
| Cubist Systematic Strategies, LLC | Unchanged | $1.4m141.2k shares |
Biggest puts
| 140 Summer Partners LP | Unchanged | $5.8m596.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5m458.4k shares |
| CITADEL ADVISORS LLC | Reduced | $4.2m433.9k shares |
| GROUP ONE TRADING LLC | Reduced | $2.3m239.7k shares |
| TORNO CAPITAL, LLC | Reduced | $1.9m200.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.2m123.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $970.1k99.6k shares |
| LMR Partners LLP | Unchanged | $556.6k57.2k shares |
| IMC-Chicago, LLC | Reduced | $544.9k56.0k shares |
| Greenland Capital Management LP | Unchanged | $437.9k45.0k 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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution -1.4 pts · filed 2026-04-24 | 14.7% |
| HORIZON KINETICS ASSET MANAGEMENT LLC 13G · institution +1.3 pts · filed 2026-04-29 | 12.5% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: Arena Holdings Management LLC (3.0%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), T. Rowe Price Investment Management, Inc. (3.9%, 2026-02-17)
Insider purchases and sales in Q4 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2023 | 0 | — | 1 | $392.1k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 18.2m $177.4m | Added +1.1m |
| BlackRock, Inc. 0.00% of their portfolio | 15.8m $153.8m | Added +1.1m |
| Zimmer Partners, LP 2.56% of their portfolio | 15.2m $147.9m | Added +202.6k |
| T. Rowe Price Investment Management, Inc. 0.07% of their portfolio | 11.8m $115.0m | New |
| STATE STREET CORP 0.00% of their portfolio | 4.2m $41.3m | Added +878.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.9m $38.2m | Added +132.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.5m $33.8m | Added +449.9k |
| Ghisallo Capital Management LLC 1.62% of their portfolio | 2.8m $27.7m | Reduced -2.8m |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 2.7m $26.3m | Reduced -17.7k |
| UBS Group AG 0.01% of their portfolio | 2.7m $26.0m | Added +2.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 2.4m $23.3m | Added +442.5k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.29% of their portfolio | 2.4m $23.2m | New |
| MORGAN STANLEY 0.00% of their portfolio | 2.3m $22.4m | Added +300.5k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 2.0m $19.9m | Added +1.3m |
| Burkehill Global Management, LP 1.85% of their portfolio | 2.0m $19.5m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.7m $17.0m | Added +901.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.5m $14.9m | Added +111.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $14.7m | Added +39.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 1.2m $11.9m | Added +809.6k |
| EAGLE GLOBAL ADVISORS LLC 0.46% of their portfolio | 1.2m $11.3m | Added +135.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.1m $10.2m | Added +126.6k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 963.7k $9.4m | Added +230.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 900.8k $8.8m | Added +283.7k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 745.2k $7.3m | Added +355.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 736.1k $7.2m | Added +275.2k |
| Newtyn Management, LLC 1.19% of their portfolio | 700.0k $6.8m | Reduced -2.2m |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 687.4k $6.7m | Added +400.0k |
| Jefferies Financial Group Inc. 0.06% of their portfolio | 583.8k $5.7m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 548.0k $5.3m | Reduced -107.4k |
| Quantinno Capital Management LP 0.05% of their portfolio | 537.2k $5.2m | Added +315.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 500.6k $4.9m | Added +239.6k |
| Legal & General Group Plc 0.00% of their portfolio | 492.2k $4.8m | Added +69.7k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 440.9k $4.3m | Reduced -2.5m |
| Quantbot Technologies LP 0.15% of their portfolio | 428.6k $4.2m | Added +283.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 395.4k $3.8m | Added +340.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 394.5k $3.8m | Reduced -206.7k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 378.5k $3.7m | Reduced -141.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 378.5k $3.7m | Reduced -4.7m |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 366.0k $3.6m | Reduced -6.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 359.0k $3.5m | Added +88.7k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 355.6k $3.5m | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 342.0k $3.3m | Added +297 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.06% of their portfolio | 340.5k $3.3m | First filing |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 333.9k $3.2m | Added +223.0k |
| Swiss National Bank 0.00% of their portfolio | 323.3k $3.1m | Added +2.3k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 313.0k $3.0m | Added +150.7k |
| RBF Capital, LLC 0.15% of their portfolio | 300.0k $2.9m | Unchanged |
| GROUP ONE TRADING LLC 0.10% of their portfolio | 298.5k $2.9m | Reduced -54.5k |
| BARCLAYS PLC 0.00% of their portfolio | 283.9k $2.8m | Added +28.3k |
| HRT FINANCIAL LP 0.02% of their portfolio | 282.5k $2.7m | Added +21.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 276.9k $2.7m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 254.3k $2.5m | Added +68.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 250.1k $2.4m | Added +7.6k |
| Alaska Permanent Fund Corp 0.03% of their portfolio | 232.0k $2.3m | Unchanged |
| Gallo Partners, LP 1.66% of their portfolio | 229.9k $2.2m | First filing |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 229.1k $2.2m | Added +137.5k |
| Invesco Ltd. 0.00% of their portfolio | 224.8k $2.2m | Added +28.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 223.7k $2.2m | Added +8.4k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 223.5k $2.2m | Reduced -7.2k |
| Centiva Capital, LP 0.08% of their portfolio | 218.5k $2.1m | Added +70.5k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.61% of their portfolio | 211.0k $2.1m | Added +210.0k |
| Alyeska Investment Group, L.P. 0.01% of their portfolio | 208.8k $2.0m | Reduced -2.2m |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 204.8k $2.0m | Added +1.4k |
| TD Asset Management Inc 0.00% of their portfolio | 198.8k $1.9m | New |
| Edgestream Partners, L.P. 0.08% of their portfolio | 181.8k $1.8m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 168.9k $1.6m | Added +52.6k |
| Fernwood Investment Management, LLC 0.56% of their portfolio | 166.2k $1.6m | Added +33.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 153.8k $1.5m | Added +49.4k |
| CITIGROUP INC 0.00% of their portfolio | 151.6k $1.5m | Added +14.6k |
| GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio | 149.1k $1.5m | Added +80.3k |
| Verition Fund Management LLC 0.01% of their portfolio | 148.7k $1.4m | New |
| Quinn Opportunity Partners LLC 0.10% of their portfolio | 146.0k $1.4m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 139.8k $1.4m | Added +21.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 135.2k $1.3m | Added +25.8k |
| Aquatic Capital Management LLC 0.04% of their portfolio | 133.4k $1.3m | Added +54.3k |
| Sagefield Capital LP 0.13% of their portfolio | 124.9k $1.2m | New |
| Jump Financial, LLC 0.03% of their portfolio | 124.0k $1.2m | New |
| Holocene Advisors, LP 0.00% of their portfolio | 123.4k $1.2m | New |
| MAD RIVER INVESTORS 0.54% of their portfolio | 120.3k $1.2m | New |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 114.2k $1.1m | Reduced -95.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 108.8k $1.1m | Reduced -162.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 104.4k $1.0m | Added +13.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 102.9k $1.0m | Added +24.9k |
| Quadrature Capital Ltd 0.02% of their portfolio | 102.6k $996.8k | Reduced -14.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 100.4k $977.1k | Reduced -57.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 98.3k $956.1k | Added +3.3k |
| Voleon Capital Management LP 0.07% of their portfolio | 91.7k $892.6k | First filing |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 88.5k $861.4k | Added +16.9k |
| Diametric Capital, LP 0.57% of their portfolio | 86.0k $837.0k | Added +74.2k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 82.4k $801.5k | Reduced -6.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 82.1k $798.5k | Added +24.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.01% of their portfolio | 77.0k $749.2k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 76.1k $740.8k | Reduced -166.0k |
| STRS OHIO 0.00% of their portfolio | 76.0k $739.5k | Unchanged |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 75.3k $732.6k | Added +25.1k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 74.3k $721.3k | Unchanged |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 74.1k $721.0k | First filing |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 72.0k $700.4k | Reduced -524.0k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 71.0k $690.4k | Reduced -60.0k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 67.9k $660.7k | Added +43.3k |