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 ($599.0k this quarter). Holder counts are more reliable. Shares outstanding: 172.7m as of 2026-07-31, 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 ≈ $13.53. Options: 8 managers hold calls ($33.5m notional), 8 hold puts ($53.5m).
Trends to Q2 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 |
| Q2 2026 | 337 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 172 | 130 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $49.2m | $27.4m | 0.56 |
| Q4 2025 | $43.8m | $67.6m | 1.54 |
| Q1 2026 | $59.4m | $134.5m | 2.26 |
| Q2 2026 | $33.5m | $53.5m | 1.60 |
Biggest buyers
| JUPITER ASSET MANAGEMENT LTD | Added | +1.6m |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Added | +760.1k |
| BlackRock, Inc. | Added | +736.1k |
| CITADEL ADVISORS LLC | Added | +655.9k |
| Invesco Ltd. | Added | +643.7k |
| Quantinno Capital Management LP | Added | +467.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +384.8k |
| UBS Group AG | Added | +372.4k |
| STATE STREET CORP | Added | +364.6k |
| NORTHERN TRUST CORP | Added | +291.7k |
Biggest sellers
| 12 West Capital Management LP | Reduced | -675.0k |
| CSM Advisors, LLC | Reduced | -492.7k |
| Nuveen, LLC | Reduced | -418.8k |
| HRT FINANCIAL LP | Reduced | -366.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -359.0k |
| SEI INVESTMENTS CO | Reduced | -308.2k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -303.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -257.3k |
| Jefferies Financial Group Inc. | Reduced | -230.2k |
| Sagefield Capital LP | Sold out | -205.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $17.9m1.3m shares |
| JANE STREET GROUP, LLC | Added | $4.6m342.9k shares |
| SIMPLEX TRADING, LLC | Added | $3.5m256.9k shares |
| IMC-Chicago, LLC | Reduced | $3.2m238.4k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m110.7k shares |
| CITADEL ADVISORS LLC | Reduced | $1.4m106.5k shares |
| Walleye Trading LLC | Reduced | $711.7k52.6k shares |
| MAD RIVER INVESTORS | Added | $660.3k48.8k shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $15.4m1.1m shares |
| HRT FINANCIAL LP | Unchanged | $11.4m844.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.6m782.0k shares |
| CITADEL ADVISORS LLC | Reduced | $9.7m716.2k shares |
| GROUP ONE TRADING LLC | Reduced | $3.0m225.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.8m204.4k shares |
| IMC-Chicago, LLC | Reduced | $598.0k44.2k shares |
| Walleye Trading LLC | Reduced | $46.0k3.4k 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 since 1 Apr 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 since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 26.5m $358.3m | Added +736.1k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 3.44% of their portfolio | 22.4m $303.0m | Added +760.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 10.4m $140.4m | Added +113.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 7.5m $101.2m | Added +24.7k |
| STATE STREET CORP 0.00% of their portfolio | 7.2m $97.2m | Added +364.6k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 6.2m $83.9m | Reduced -11.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 4.3m $58.7m | Added +248.2k |
| Quantinno Capital Management LP 0.06% of their portfolio | 4.0m $53.8m | Added +467.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.1m $41.8m | Reduced -257.3k |
| Invesco Ltd. 0.00% of their portfolio | 2.7m $36.0m | Added +643.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.6m $34.8m | Added +11.2k |
| MORGAN STANLEY 0.00% of their portfolio | 2.5m $33.8m | Reduced -154.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.4m $32.1m | Reduced -359.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $25.9m | Added +291.7k |
| JUPITER ASSET MANAGEMENT LTD 0.12% of their portfolio | 1.8m $24.4m | Added +1.6m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.6m $21.0m | Added +38.7k |
| UBS Group AG 0.00% of their portfolio | 1.4m $18.6m | Added +372.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.3m $18.1m | Added +48.3k |
| MAD RIVER INVESTORS 6.69% of their portfolio | 1.3m $17.9m | Added +4.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 1.1m $15.3m | Added +20.8k |
| 12 West Capital Management LP 2.85% of their portfolio | 1.1m $15.2m | Reduced -675.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.1m $14.8m | Added +5.3k |
| CONGRESS ASSET MANAGEMENT CO 0.08% of their portfolio | 996.3k $13.5m | Added +6.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 977.0k $13.4m | Reduced -23.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 973.4k $13.2m | Reduced -132.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 862.8k $11.7m | Added +655.9k |
| Nuveen, LLC 0.00% of their portfolio | 729.2k $9.9m | Reduced -418.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 646.7k $8.7m | Added +153.5k |
| Legal & General Group Plc 0.00% of their portfolio | 637.1k $8.6m | Reduced -7.7k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 593.1k $8.0m | Reduced -24.4k |
| Moors & Cabot, Inc. 0.30% of their portfolio | 578.3k $7.8m | Added +50.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 545.5k $7.4m | Added +159.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 532.2k $7.2m | Reduced -131.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 516.1k $7.0m | Reduced -308.2k |
| PDT Partners, LLC 0.36% of their portfolio | 512.0k $6.9m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 493.9k $6.7m | Added +39.4k |
| Corient Private Wealth LP 0.01% of their portfolio | 490.2k $6.6m | Added +144.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 475.2k $6.4m | Added +74.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 438.4k $5.9m | Added +146.5k |
| EagleClaw Capital Managment, LLC 0.79% of their portfolio | 434.8k $5.9m | Added +64.1k |
| CITIGROUP INC 0.00% of their portfolio | 434.3k $5.9m | Reduced -38.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 433.0k $5.9m | Added +384.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 432.9k $5.9m | Added +78.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 425.8k $5.8m | Added +145.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 421.9k $5.7m | Reduced -43.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 404.8k $6.0m | Added +14.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 378.3k $5.1m | Added +76.5k |
| HighTower Advisors, LLC 0.00% of their portfolio | 372.2k $5.0m | Reduced -1.6k |
| Swiss National Bank 0.00% of their portfolio | 346.4k $4.7m | Added +6.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 344.7k $4.7m | Added +143.2k |
| GABELLI FUNDS LLC 0.03% of their portfolio | 335.7k $4.5m | Reduced -6.0k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 318.1k $4.3m | Added +20.6k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 313.6k $4.2m | Added +17.3k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 285.6k $3.9m | Added +175.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 285.2k $3.9m | New |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 271.6k $3.7m | Reduced -42.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 271.2k $3.7m | Reduced -14.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 263.7k $3.6m | Reduced -28.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 244.7k $3.3m | Added +24.4k |
| ALGERT GLOBAL LLC 0.04% of their portfolio | 234.6k $3.2m | Added +43.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 226.4k $3.1m | Reduced -59.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 226.4k $3.1m | Added +37.5k |
| FMR LLC 0.00% of their portfolio | 208.3k $2.8m | Added +178.5k |
| Lesa Sroufe & Co 1.93% of their portfolio | 200.3k $2.7m | Added +6.3k |
| RBF Capital, LLC 0.11% of their portfolio | 200.0k $2.7m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 199.6k $2.7m | Reduced -5.5k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 193.3k $2.6m | Added +46.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 184.0k $2.5m | Added +18.5k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio | 183.7k $2.5m | Added +154.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 181.9k $2.5m | Reduced -7.9k |
| HRT FINANCIAL LP 0.01% of their portfolio | 177.3k $2.4m | Reduced -366.7k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 173.0k $2.3m | Added +87.7k |
| GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio | 170.0k $2.3m | Reduced -4.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 158.7k $2.1m | Added +11.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 148.5k $2.0m | Reduced -3.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 148.0k $2.0m | Reduced -57.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 146.1k $2.0m | Added +13.7k |
| Advisory Services Network, LLC 0.02% of their portfolio | 142.3k $1.9m | Added +30.1k |
| LPL Financial LLC 0.00% of their portfolio | 141.7k $1.9m | Added +43.2k |
| Summit Trail Advisors, LLC 0.02% of their portfolio | 140.1k $1.9m | Added +10.0k |
| Quantbot Technologies LP 0.07% of their portfolio | 136.4k $1.8m | Reduced -109.2k |
| Focus Partners Wealth 0.00% of their portfolio | 135.2k $1.8m | Added +21.2k |
| Caprock Group, LLC 0.03% of their portfolio | 130.3k $1.8m | Reduced -3.3k |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 128.7k $1.7m | Added +4.8k |
| PROMETHIUM ADVISORS,LLC 0.81% of their portfolio | 125.5k $1.7m | Added +17.5k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 121.4k $1.6m | Added +12.9k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 116.5k $1.6m | New |
| Atlas Wealth Partners, LLC 1.72% of their portfolio | 116.1k $1.6m | Added +1.1k |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 115.4k $1.6m | New |
| BARCLAYS PLC 0.00% of their portfolio | 113.8k $1.5m | Added +32.8k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 113.4k $1.5m | Reduced -1.9k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 111.9k $1.5m | Reduced -44.5k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 96.6k $1.3m | Added +7.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 92.7k $1.3m | Added +43.5k |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 92.2k $1.2m | Reduced -127 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 89.8k $1.2m | Added +55.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 89.6k $1.2m | Added +74.7k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 89.2k $1.2m | Added +2.8k |
| XTX Topco Ltd 0.02% of their portfolio | 88.6k $1.2m | Added +33.0k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 87.9k $1.2m | Reduced -230.2k |