HEALTHEQUITY INC HQY
COM · Common Stock · CUSIP 42226A107 · ISIN US42226A1079
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersDraper, UT
- Founded2002
- Websitehealthequity.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 ($15.0m this quarter). Holder counts are more reliable. Shares outstanding: 86.5m as of 2025-05-28, 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 ≈ $104.73. Options: 10 managers hold calls ($34.4m notional), 10 hold puts ($25.2m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 310 |
| Q4 2022 | 323 |
| Q1 2023 | 312 |
| Q2 2023 | 319 |
| Q3 2023 | 344 |
| Q4 2023 | 352 |
| Q1 2024 | 367 |
| Q2 2024 | 386 |
| Q3 2024 | 404 |
| Q4 2024 | 440 |
| Q1 2025 | 466 |
| Q2 2025 | 487 |
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 2023 | 180 | 152 |
| Q4 2023 | 157 | 173 |
| Q1 2024 | 171 | 173 |
| Q2 2024 | 206 | 155 |
| Q3 2024 | 196 | 194 |
| Q4 2024 | 235 | 185 |
| Q1 2025 | 270 | 186 |
| Q2 2025 | 250 | 228 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $17.0m | $8.5m | 0.50 |
| Q4 2024 | $29.1m | $6.8m | 0.23 |
| Q1 2025 | $27.5m | $28.0m | 1.02 |
| Q2 2025 | $34.4m | $25.2m | 0.73 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +777.1k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Added | +701.8k |
| Atalan Capital Partners, LP | New | +700.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +661.8k |
| ROYAL BANK OF CANADA | Added | +542.9k |
| Man Group plc | Added | +236.9k |
| VIKING GLOBAL INVESTORS LP | New | +219.7k |
| Premier Fund Managers Ltd | Added | +202.9k |
| Artisan Partners Limited Partnership | Added | +192.3k |
| JPMORGAN CHASE & CO | Added | +176.4k |
Biggest sellers
| WASATCH ADVISORS LP | Reduced | -1.1m |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Sold out | -835.4k |
| FRANKLIN RESOURCES INC | Reduced | -560.7k |
| Clearbridge Investments, LLC | Reduced | -531.7k |
| MACKENZIE FINANCIAL CORP | Reduced | -399.4k |
| VANGUARD GROUP INC | Reduced | -319.1k |
| BROWN ADVISORY INC | Reduced | -305.9k |
| ArrowMark Colorado Holdings LLC | Reduced | -271.6k |
| Ophir Asset Management Pty Ltd | Sold out | -260.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -215.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.4m137.0k shares |
| Twin Tree Management, LP | Reduced | $13.9m132.5k shares |
| CITADEL ADVISORS LLC | Reduced | $1.9m18.3k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m17.4k shares |
| SIMPLEX TRADING, LLC | Added | $984.0k9.4k shares |
| GROUP ONE TRADING LLC | Added | $691.4k6.6k shares |
| PEAK6 LLC | Added | $356.2k3.4k shares |
| Walleye Trading LLC | Reduced | $282.9k2.7k shares |
| Walleye Capital LLC | Reduced | $146.7k1.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Twin Tree Management, LP | Added | $18.8m179.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.7m25.9k shares |
| CITADEL ADVISORS LLC | Reduced | $1.8m16.8k shares |
| PEAK6 LLC | Added | $880.0k8.4k shares |
| GROUP ONE TRADING LLC | Added | $450.5k4.3k shares |
| JANE STREET GROUP, LLC | New | $303.8k2.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $209.0k2.0k shares |
| Walleye Trading LLC | Reduced | $62.9k600 shares |
| Walleye Capital LLC | Reduced | $52.4k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| WASATCH ADVISORS LP 13G · institution -1.0 pts · filed 2026-10-09 | 8.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: VANGUARD PORTFOLIO MANAGEMENT LLC (4.9%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 3 | $4.0m | $3.5m |
| Q4 2023 | 0 | — | 2 | $4.9m | — |
| Q1 2024 | 0 | — | 3 | $5.9m | $592.2k |
| Q2 2024 | 0 | — | 2 | $7.6m | $7.6m |
| Q3 2024 | 0 | — | 4 | $6.5m | $5.1m |
| Q4 2024 | 0 | — | 4 | $4.7m | $1.5m |
| Q1 2025 | 0 | — | 1 | $639.9k | $639.9k |
| Q2 2025 | 0 | — | 3 | $9.1m | $1.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-09 | Rosner Elimelech EVP, CHIEF TECHNOLOGY OFFICER | Sold | $1.4m13.0k shares |
| 2025-06-06 | Kessler Jon Former Director | Sold | $15.0m134.2k shares |
| 2025-06-06 | Kessler Jon Former Director · by GKF, LLC | Sold | $11.0m97.8k shares |
| 2025-06-06 | Rosner Elimelech EVP, CHIEF TECHNOLOGY OFFICER | Sold | $6.5m58.0k shares |
| 2025-04-09 | SELANDER ROBERT W Director | Sold plan | $446.5k5.8k shares |
| 2025-04-04 | Fiore Michael Henry EVP, CHIEF COMMERCIAL OFFICER | Sold plan | $695.0k8.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 10.7m $1.1bn | Reduced -144.1k |
| VANGUARD GROUP INC 0.01% of their portfolio | 8.5m $890.7m | Reduced -319.1k |
| WASATCH ADVISORS LP 3.35% of their portfolio | 6.1m $639.1m | Reduced -1.1m |
| FMR LLC 0.03% of their portfolio | 5.0m $528.0m | Added +54.8k |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $333.6m | Reduced -95.8k |
| Invesco Ltd. 0.04% of their portfolio | 2.4m $247.8m | Reduced -80.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.1m $225.0m | Added +4.4k |
| BROWN ADVISORY INC 0.22% of their portfolio | 1.6m $170.4m | Reduced -305.9k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.5m $159.3m | Reduced -12.5k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $147.1m | Reduced -3.1k |
| Clearbridge Investments, LLC 0.11% of their portfolio | 1.3m $138.4m | Reduced -531.7k |
| MACKENZIE FINANCIAL CORP 0.17% of their portfolio | 1.3m $132.7m | Reduced -399.4k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.56% of their portfolio | 1.3m $132.5m | Added +701.8k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 1.2m $126.8m | Added +777.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.1m $118.3m | Added +28.1k |
| CIBC Private Wealth Group LLC 0.21% of their portfolio | 1.1m $118.1m | Added +148.7k |
| GENEVA CAPITAL MANAGEMENT LLC 1.94% of their portfolio | 1.1m $116.1m | Added +64.5k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 1.1m $116.0m | Added +661.8k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.1m $113.9m | Reduced -39.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.1m $113.2m | Added +176.4k |
| LOOMIS SAYLES & CO L P 0.14% of their portfolio | 1.0m $108.0m | Reduced -81.6k |
| Stephens Investment Management Group LLC 1.41% of their portfolio | 1.0m $106.5m | Reduced -53.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 949.2k $99.4m | Added +542.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 924.9k $96.9m | Added +76.0k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 917.3k $96.1m | Reduced -215.9k |
| Greenhouse Funds LLLP 3.99% of their portfolio | 911.8k $95.5m | Added +146.6k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 852.6k $89.3m | Added +7.6k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 833.9k $87.4m | Reduced -560.7k |
| Allspring Global Investments Holdings, LLC 0.14% of their portfolio | 796.5k $81.9m | Reduced -88.4k |
| BAMCO INC /NY/ 0.22% of their portfolio | 780.0k $81.7m | Reduced -5.0k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 732.4k $76.7m | Added +62.5k |
| NORGES BANK 0.01% of their portfolio | 716.6k $75.1m | Reduced -60.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 708.7k $74.2m | Added +12.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 700.4k $73.4m | Added +61.0k |
| Atalan Capital Partners, LP 5.63% of their portfolio | 700.0k $73.3m | New |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 689.7k $72.3m | Reduced -85.4k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 686.7k $71.9m | Reduced -38.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 659.6k $69.1m | Reduced -4.3k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 642.0k $67.3m | Reduced -27.3k |
| UBS Group AG 0.01% of their portfolio | 630.9k $66.1m | Reduced -20.2k |
| Artisan Partners Limited Partnership 0.10% of their portfolio | 621.6k $65.1m | Added +192.3k |
| Premier Fund Managers Ltd 2.35% of their portfolio | 612.9k $64.3m | Added +202.9k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 601.8k $63.0m | Reduced -92.9k |
| Nuveen, LLC 0.02% of their portfolio | 545.5k $57.1m | Reduced -55.1k |
| GW&K Investment Management, LLC 0.47% of their portfolio | 498.9k $52.3m | Reduced -89.7k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 475.4k $49.8m | Reduced -113.3k |
| Aristotle Capital Boston, LLC 2.36% of their portfolio | 443.3k $46.4m | Reduced -34.3k |
| Van Berkom & Associates Inc. 1.38% of their portfolio | 442.8k $46.4m | Reduced -207.2k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 425.0k $44.5m | Reduced -8.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 417.7k $43.8m | Added +45.0k |
| LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio | 387.8k $40.6m | Added +2.4k |
| ArrowMark Colorado Holdings LLC 0.72% of their portfolio | 382.7k $40.1m | Reduced -271.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 380.0k $39.8m | Reduced -98.1k |
| Ensign Peak Advisors, Inc 0.06% of their portfolio | 331.2k $34.7m | Reduced -19.1k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.15% of their portfolio | 319.8k $33.5m | Reduced -102.0k |
| DAVENPORT & Co LLC 0.18% of their portfolio | 312.0k $32.7m | Reduced -32.2k |
| Aureus Asset Management, LLC 1.99% of their portfolio | 297.5k $31.2m | Reduced -59.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio | 289.3k $30.3m | Reduced -17.5k |
| BESSEMER GROUP INC 0.05% of their portfolio | 288.0k $30.2m | Reduced -112.4k |
| DF DENT & CO INC 0.38% of their portfolio | 284.7k $29.8m | Added +4.7k |
| Ranger Investment Management, L.P. 2.07% of their portfolio | 282.5k $29.6m | Reduced -131.2k |
| Thrivent Financial for Lutherans 0.06% of their portfolio | 282.4k $29.6m | Reduced -57.9k |
| ASHFORD CAPITAL MANAGEMENT INC 3.44% of their portfolio | 279.4k $29.3m | Added +4.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 277.9k $29.1m | Added +7.9k |
| Man Group plc 0.06% of their portfolio | 254.7k $26.7m | Added +236.9k |
| WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 248.9k $26.1m | Added +16.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 248.8k $26.1m | Reduced -18.1k |
| COMERICA BANK 0.10% of their portfolio | 237.7k $24.9m | Added +167.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 230.7k $24.2m | Added +13.2k |
| Glenmede Investment Management, LP 0.12% of their portfolio | 228.8k $24.0m | First filing |
| VIKING GLOBAL INVESTORS LP 0.07% of their portfolio | 219.7k $23.0m | New |
| Retirement Systems of Alabama 0.08% of their portfolio | 214.8k $22.5m | Added +403 |
| Summit Creek Advisors LLC 3.04% of their portfolio | 208.2k $21.8m | Reduced -36.7k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 202.1k $21.2m | Added +168.1k |
| BARCLAYS PLC 0.01% of their portfolio | 200.4k $21.0m | Added +70.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 195.0k $20.4m | Added +54.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 193.2k $20.2m | Added +6.3k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 191.4k $20.1m | Added +50.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 190.4k $20.0m | Added +26.7k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 176.6k $18.5m | Reduced -5.5k |
| SEGALL BRYANT & HAMILL, LLC 0.24% of their portfolio | 165.7k $17.4m | Added +65.2k |
| Swiss National Bank 0.01% of their portfolio | 165.2k $17.3m | Reduced -2.7k |
| Legal & General Group Plc 0.00% of their portfolio | 163.2k $17.1m | Added +13.9k |
| Eversept Partners, LP 1.65% of their portfolio | 155.9k $16.3m | Reduced -196.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 143.8k $15.1m | Reduced -211.2k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 141.8k $14.9m | Added +128.8k |
| CITIGROUP INC 0.01% of their portfolio | 137.6k $14.4m | Reduced -56.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 136.3k $14.2m | Added +7.6k |
| NEXT CENTURY GROWTH INVESTORS LLC 1.05% of their portfolio | 129.5k $13.6m | Added +31.2k |
| 12th Street Asset Management Company, LLC 2.29% of their portfolio | 126.9k $13.3m | New |
| AXIOM INVESTORS LLC /DE 0.11% of their portfolio | 124.3k $13.0m | Reduced -63.0k |
| Motley Fool Asset Management LLC 0.55% of their portfolio | 114.6k $12.0m | Reduced -3.8k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.52% of their portfolio | 113.8k $11.9m | Added +7.9k |
| Grandeur Peak Global Advisors, LLC 1.43% of their portfolio | 113.6k $11.9m | Reduced -5.0k |
| Motley Fool Wealth Management, LLC 0.72% of their portfolio | 113.6k $11.9m | Reduced -11.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.11% of their portfolio | 112.6k $11.8m | Added +22.4k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.13% of their portfolio | 106.9k $11.2m | Added +31.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 104.0k $10.9m | Reduced -9.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio | 102.4k $10.7m | Reduced -6.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 102.1k $10.7m | Reduced -9.2k |