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 ($1.2m this quarter). Holder counts are more reliable. Shares outstanding: 172.6m as of 2026-04-30, 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 ≈ $14.83. Options: 9 managers hold calls ($59.4m notional), 11 hold puts ($134.5m).
Trends to Q1 2026
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 |
| Q1 2025 | 290 |
| Q2 2025 | 277 |
| Q3 2025 | 295 |
| Q4 2025 | 321 |
| Q1 2026 | 341 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 142 | 129 |
| Q3 2024 | 157 | 132 |
| Q4 2024 | 145 | 136 |
| Q1 2025 | 158 | 127 |
| Q2 2025 | 135 | 128 |
| Q3 2025 | 153 | 110 |
| Q4 2025 | 175 | 116 |
| Q1 2026 | 191 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $27.0m | $18.8m | 0.70 |
| Q3 2025 | $49.2m | $27.4m | 0.56 |
| Q4 2025 | $43.8m | $67.6m | 1.54 |
| Q1 2026 | $59.4m | $134.5m | 2.26 |
Biggest buyers
| HORIZON KINETICS ASSET MANAGEMENT LLC | Added | +2.2m |
| BANK OF AMERICA CORP /DE/ | Added | +1.4m |
| Invesco Ltd. | Added | +1.3m |
| HRT FINANCIAL LP | New | +544.0k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +467.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +437.8k |
| DIMENSIONAL FUND ADVISORS LP | Added | +351.6k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +337.0k |
| SEI INVESTMENTS CO | Added | +329.7k |
| HighTower Advisors, LLC | Added | +295.6k |
Biggest sellers
| T. Rowe Price Investment Management, Inc. | Reduced | -3.1m |
| BlackRock, Inc. | Reduced | -2.4m |
| UBS Group AG | Reduced | -2.0m |
| MORGAN STANLEY | Reduced | -945.8k |
| EAGLE GLOBAL ADVISORS LLC | Sold out | -799.6k |
| Assenagon Asset Management S.A. | Reduced | -768.3k |
| JANE STREET GROUP, LLC | Sold out | -697.3k |
| Allianz Asset Management GmbH | Reduced | -538.7k |
| JCP Investment Management, LLC | Sold out | -425.0k |
| Yaupon Capital Management LP | Sold out | -413.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $24.0m1.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.2m1.3m shares |
| JANE STREET GROUP, LLC | Added | $5.1m342.6k shares |
| IMC-Chicago, LLC | Added | $4.0m271.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.8m254.5k shares |
| GROUP ONE TRADING LLC | Reduced | $1.8m120.9k shares |
| Walleye Trading LLC | New | $796.9k53.7k shares |
| MAD RIVER INVESTORS | Added | $696.0k46.9k shares |
| Walleye Capital LLC | New | $20.8k1.4k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $55.9m3.8m shares |
| Zimmer Partners, LP | New | $22.3m1.5m shares |
| JANE STREET GROUP, LLC | Added | $17.0m1.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.2m891.0k shares |
| HRT FINANCIAL LP | Reduced | $12.5m844.7k shares |
| GROUP ONE TRADING LLC | Reduced | $7.8m527.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.4m229.1k shares |
| IMC-Chicago, LLC | Added | $914.1k61.6k shares |
| Dockside LLC | New | $909.1k61.3k shares |
| Walleye Capital LLC | New | $262.7k17.7k 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 Q1 2026
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.
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 25.7m $382.1m | Reduced -2.4m |
| HORIZON KINETICS ASSET MANAGEMENT LLC 3.48% of their portfolio | 21.6m $321.1m | Added +2.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 10.3m $152.3m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.5m $110.6m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 6.8m $101.2m | Reduced -189.0k |
| T. Rowe Price Investment Management, Inc. 0.06% of their portfolio | 6.2m $92.2m | Reduced -3.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.1m $60.7m | Reduced -38.0k |
| Quantinno Capital Management LP 0.09% of their portfolio | 3.5m $52.1m | Added +270.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.3m $49.6m | Reduced -3.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.7m $40.6m | Added +1.4m |
| MORGAN STANLEY 0.00% of their portfolio | 2.7m $39.4m | Reduced -945.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.6m $38.0m | Added +351.6k |
| Invesco Ltd. 0.00% of their portfolio | 2.0m $30.0m | Added +1.3m |
| 12 West Capital Management LP 4.51% of their portfolio | 1.8m $26.7m | Reduced -50.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $24.1m | Added +76.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $22.5m | Reduced -79.2k |
| MAD RIVER INVESTORS 7.05% of their portfolio | 1.3m $19.5m | Added +32.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.3m $19.1m | Added +467.3k |
| Nuveen, LLC 0.00% of their portfolio | 1.1m $17.0m | Added +5.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.1m $16.5m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.1m $16.4m | Added +437.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.1m $16.1m | Reduced -40.3k |
| UBS Group AG 0.00% of their portfolio | 1.0m $14.9m | Reduced -2.0m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.0m $14.8m | Reduced -1.6k |
| CONGRESS ASSET MANAGEMENT CO 0.11% of their portfolio | 989.3k $14.7m | Added +212.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 824.3k $12.2m | Added +329.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 663.2k $9.8m | Added +112.7k |
| Legal & General Group Plc 0.00% of their portfolio | 644.8k $9.6m | Reduced -73.8k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 617.5k $9.2m | Added +20.1k |
| HRT FINANCIAL LP 0.03% of their portfolio | 544.0k $8.1m | New |
| Moors & Cabot, Inc. 0.34% of their portfolio | 528.2k $7.8m | Added +68.6k |
| PDT Partners, LLC 0.45% of their portfolio | 512.0k $7.6m | Added +53.7k |
| CSM Advisors, LLC 0.19% of their portfolio | 507.4k $7.5m | Reduced -108.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 493.2k $7.3m | Added +77.5k |
| CITIGROUP INC 0.00% of their portfolio | 472.8k $7.0m | Reduced -9.9k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 465.6k $6.9m | Reduced -20.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 454.5k $6.7m | Added +83.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 400.4k $5.9m | Added +26.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 390.7k $4.8m | Reduced -3.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 385.9k $5.7m | Added +337.0k |
| HighTower Advisors, LLC 0.01% of their portfolio | 373.8k $5.5m | Added +295.6k |
| EagleClaw Capital Managment, LLC 0.77% of their portfolio | 370.6k $5.5m | Added +7.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 358.3k $5.3m | Reduced -273.4k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 354.3k $5.3m | Reduced -66.4k |
| Corient Private Wealth LP 0.01% of their portfolio | 346.1k $5.0m | Added +63.7k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 341.7k $5.1m | Reduced -800 |
| Swiss National Bank 0.00% of their portfolio | 340.3k $5.1m | Unchanged |
| Jefferies Financial Group Inc. 0.06% of their portfolio | 318.1k $4.7m | Added +164.2k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 313.7k $4.7m | Added +165.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 301.8k $4.5m | Added +116.6k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 297.5k $4.4m | Reduced -5.5k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 296.3k $4.4m | Reduced -538.7k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 292.3k $4.3m | Reduced -34.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 291.9k $4.3m | Reduced -12.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 286.1k $4.2m | Reduced -13.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 285.5k $4.2m | Added +82.4k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 280.3k $4.2m | Added +118.4k |
| Quantbot Technologies LP 0.15% of their portfolio | 245.5k $3.6m | Added +3.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 220.2k $3.3m | Added +53.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 206.9k $3.1m | Added +57.7k |
| Sagefield Capital LP 0.22% of their portfolio | 205.8k $3.1m | Reduced -135.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 205.7k $3.1m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 205.1k $3.0m | Added +41.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 201.4k $3.0m | Added +109.9k |
| RBF Capital, LLC 0.15% of their portfolio | 200.0k $3.0m | Reduced -340.0k |
| JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio | 198.0k $2.9m | New |
| Lesa Sroufe & Co 1.96% of their portfolio | 194.0k $2.9m | Added +3.2k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 190.9k $2.8m | Added +74.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 189.8k $2.8m | Added +147.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 188.8k $2.8m | Added +21.0k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 177.2k $2.7m | New |
| GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio | 174.5k $2.6m | Added +300 |
| MSRH, LLC 2.20% of their portfolio | 167.5k $2.5m | Added +19.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 165.6k $2.5m | Added +16.8k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 156.4k $2.3m | Added +66.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 152.0k $2.3m | Reduced -1.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 147.3k $2.2m | Added +14.8k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 146.3k $2.2m | Added +5.6k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 142.5k $2.1m | New |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 136.6k $2.0m | New |
| Caprock Group, LLC 0.05% of their portfolio | 133.6k $2.0m | Reduced -14.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 132.4k $2.0m | First filing |
| Summit Trail Advisors, LLC 0.03% of their portfolio | 130.1k $1.9m | Added +13.8k |
| Vanguard Investments Australia, Ltd. 0.01% of their portfolio | 123.9k $1.8m | First filing |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 115.2k $1.7m | Reduced -3.4k |
| Atlas Wealth Partners, LLC 1.75% of their portfolio | 115.0k $1.7m | Added +15.4k |
| Focus Partners Wealth 0.00% of their portfolio | 113.9k $1.7m | Added +8.5k |
| SIMPLEX TRADING, LLC 0.05% of their portfolio | 113.9k $1.7m | Reduced -90.8k |
| Advisory Services Network, LLC 0.02% of their portfolio | 112.2k $1.7m | Added +17.3k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 109.9k $1.6m | Added +81.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 108.8k $1.6m | Added +69.5k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 108.5k $1.6m | Reduced -768.3k |
| PROMETHIUM ADVISORS,LLC 0.83% of their portfolio | 108.0k $1.6m | Added +12.6k |
| Engineers Gate Manager LP 0.02% of their portfolio | 105.5k $1.6m | New |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 98.9k $1.5m | Added +39.0k |
| LPL Financial LLC 0.00% of their portfolio | 98.5k $1.5m | Added +32.7k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 92.4k $1.4m | New |
| GROUP ONE TRADING LLC 0.04% of their portfolio | 91.7k $1.4m | Reduced -12.5k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 90.9k $1.3m | Reduced -2.6k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 89.0k $1.3m | Reduced -6.2k |