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 ($2.8m this quarter). Holder counts are more reliable. Shares outstanding: 86.2m as of 2025-08-22, 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 ≈ $94.74. Options: 9 managers hold calls ($20.3m notional), 9 hold puts ($6.7m).
Trends to Q3 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 |
| Q3 2025 | 494 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 240 | 244 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $29.1m | $6.8m | 0.23 |
| Q1 2025 | $27.5m | $28.0m | 1.02 |
| Q2 2025 | $34.4m | $25.2m | 0.73 |
| Q3 2025 | $20.3m | $6.7m | 0.33 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +833.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +656.8k |
| Point72 Asset Management, L.P. | New | +561.0k |
| MACQUARIE GROUP LTD | Added | +456.5k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | Added | +451.4k |
| BlackRock, Inc. | Added | +441.9k |
| Woodline Partners LP | New | +276.4k |
| VANGUARD GROUP INC | Added | +243.5k |
| MARSHALL WACE, LLP | Added | +240.8k |
Biggest sellers
| FMR LLC | Reduced | -1.6m |
| CIBC Private Wealth Group LLC | Reduced | -913.6k |
| CITADEL ADVISORS LLC | Reduced | -783.6k |
| ROYAL BANK OF CANADA | Reduced | -598.1k |
| T. Rowe Price Investment Management, Inc. | Reduced | -590.3k |
| Van Berkom & Associates Inc. | Sold out | -442.8k |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | Reduced | -314.8k |
| Stephens Investment Management Group LLC | Reduced | -292.1k |
| Invesco Ltd. | Reduced | -236.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -224.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $5.9m62.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.2m54.9k shares |
| JANE STREET GROUP, LLC | Added | $3.3m34.8k shares |
| IMC-Chicago, LLC | New | $2.3m24.5k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m14.5k shares |
| WOLVERINE TRADING, LLC | New | $877.1k9.2k shares |
| UBS Group AG | New | $758.2k8.0k shares |
| GROUP ONE TRADING LLC | Reduced | $284.3k3.0k shares |
| PEAK6 LLC | Reduced | $265.4k2.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $2.4m25.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7m18.3k shares |
| UBS Group AG | New | $1.4m15.1k shares |
| WOLVERINE TRADING, LLC | New | $429.0k4.5k shares |
| GROUP ONE TRADING LLC | Reduced | $303.3k3.2k shares |
| JANE STREET GROUP, LLC | Reduced | $218.0k2.3k shares |
| Walleye Capital LLC | Added | $199.0k2.1k shares |
| Walleye Trading LLC | Reduced | $9.5k100 shares |
| SIMPLEX TRADING, LLC | Reduced | $9.0k100 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 Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 3 | $1.1m | $564.6k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-19 | Ladd Delano EVP, General Counsel | Sold plan | $564.6k6.0k shares |
| 2025-09-05 | Dilsaver Evelyn S Director | Sold | $322.9k3.5k shares |
| 2025-07-07 | Fiore Michael Henry EVP, CHIEF COMMERCIAL OFFICER | Sold | $182.5k1.8k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 11.2m $1.1bn | Added +441.9k |
| VANGUARD GROUP INC 0.01% of their portfolio | 8.7m $828.9m | Added +243.5k |
| WASATCH ADVISORS LP 3.22% of their portfolio | 6.3m $597.8m | Added +206.6k |
| FMR LLC 0.02% of their portfolio | 3.5m $330.7m | Reduced -1.6m |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $298.5m | Reduced -34.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.4m $228.4m | Added +1.3m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.2m $208.1m | Added +48.4k |
| Invesco Ltd. 0.03% of their portfolio | 2.1m $201.8m | Reduced -236.7k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 1.8m $167.2m | Added +656.8k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.68% of their portfolio | 1.7m $162.7m | Added +451.4k |
| BROWN ADVISORY INC 0.20% of their portfolio | 1.6m $152.1m | Reduced -21.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.6m $147.8m | Added +38.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 1.5m $145.4m | Added +833.4k |
| Clearbridge Investments, LLC 0.10% of their portfolio | 1.4m $128.9m | Added +38.4k |
| MORGAN STANLEY 0.01% of their portfolio | 1.3m $123.4m | Reduced -101.8k |
| MACKENZIE FINANCIAL CORP 0.15% of their portfolio | 1.3m $120.1m | Added +584 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.1m $108.2m | Added +12.9k |
| GENEVA CAPITAL MANAGEMENT LLC 1.78% of their portfolio | 1.1m $104.0m | Reduced -10.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.1m $102.4m | Reduced -7.2k |
| Greenhouse Funds LLLP 3.94% of their portfolio | 1.1m $101.3m | Added +157.1k |
| LOOMIS SAYLES & CO L P 0.11% of their portfolio | 985.1k $93.4m | Reduced -46.2k |
| Atalan Capital Partners, LP 6.03% of their portfolio | 911.6k $86.4m | Added +211.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 875.4k $83.0m | Reduced -41.8k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 840.2k $79.6m | Added +6.3k |
| JANUS HENDERSON GROUP PLC 0.04% of their portfolio | 839.5k $79.6m | Reduced -13.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 796.2k $75.5m | Reduced -128.7k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 771.2k $73.1m | Added +81.5k |
| Allspring Global Investments Holdings, LLC 0.11% of their portfolio | 764.2k $69.3m | Reduced -32.3k |
| BAMCO INC /NY/ 0.19% of their portfolio | 759.5k $72.0m | Reduced -20.5k |
| Stephens Investment Management Group LLC 0.89% of their portfolio | 724.2k $68.6m | Reduced -292.1k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 690.6k $65.4m | Reduced -41.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 675.5k $64.0m | Reduced -33.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.15% of their portfolio | 652.2k $61.8m | Reduced -34.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 645.8k $61.2m | Reduced -13.7k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 633.1k $60.0m | Added +456.5k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 624.3k $59.2m | Reduced -17.7k |
| Premier Fund Managers Ltd 2.39% of their portfolio | 610.1k $58.2m | Reduced -2.8k |
| Artisan Partners Limited Partnership 0.08% of their portfolio | 597.4k $56.6m | Reduced -24.2k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 561.0k $53.2m | New |
| Nuveen, LLC 0.01% of their portfolio | 550.0k $52.1m | Added +4.5k |
| UBS Group AG 0.01% of their portfolio | 549.2k $52.0m | Reduced -81.7k |
| GW&K Investment Management, LLC 0.37% of their portfolio | 447.0k $42.4m | Reduced -51.9k |
| Aristotle Capital Boston, LLC 2.13% of their portfolio | 436.0k $41.3m | Reduced -7.3k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 426.8k $40.4m | Reduced -783.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 413.2k $39.2m | Reduced -11.8k |
| DAVENPORT & Co LLC 0.20% of their portfolio | 386.4k $36.8m | Added +74.4k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 378.3k $35.8m | Reduced -97.1k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 370.9k $35.2m | Reduced -16.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 351.1k $33.3m | Reduced -598.1k |
| BESSEMER GROUP INC 0.05% of their portfolio | 349.3k $33.1m | Added +61.3k |
| COMERICA BANK 0.12% of their portfolio | 343.3k $32.5m | Added +105.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 315.3k $29.9m | Reduced -64.7k |
| Man Group plc 0.06% of their portfolio | 307.3k $29.1m | Added +52.6k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 293.2k $27.8m | Added +240.8k |
| Aureus Asset Management, LLC 1.80% of their portfolio | 291.7k $27.6m | Reduced -5.8k |
| Thrivent Financial for Lutherans 0.05% of their portfolio | 287.3k $27.2m | Added +4.8k |
| Woodline Partners LP 0.12% of their portfolio | 276.4k $26.2m | New |
| Ranger Investment Management, L.P. 1.81% of their portfolio | 274.1k $26.0m | Reduced -8.3k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 272.3k $25.8m | Reduced -5.6k |
| 12th Street Asset Management Company, LLC 4.36% of their portfolio | 272.1k $25.8m | Added +145.2k |
| ASHFORD CAPITAL MANAGEMENT INC 2.87% of their portfolio | 272.0k $25.8m | Reduced -7.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 253.8k $24.1m | Added +5.0k |
| WCM INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 248.4k $23.7m | Reduced -568 |
| ArrowMark Colorado Holdings LLC 0.41% of their portfolio | 231.9k $22.0m | Reduced -150.8k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 227.3k $21.5m | Reduced -3.4k |
| Glenmede Investment Management, LP 0.10% of their portfolio | 215.0k $20.4m | Reduced -13.8k |
| BARCLAYS PLC 0.01% of their portfolio | 214.3k $20.3m | Added +13.9k |
| Retirement Systems of Alabama 0.07% of their portfolio | 213.5k $20.2m | Reduced -1.3k |
| CIBC Private Wealth Group LLC 0.03% of their portfolio | 213.4k $20.2m | Reduced -913.6k |
| DF DENT & CO INC 0.25% of their portfolio | 205.9k $19.5m | Reduced -78.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 193.6k $18.3m | Reduced -224.1k |
| Summit Creek Advisors LLC 2.66% of their portfolio | 192.5k $18.2m | Reduced -15.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 178.3k $16.9m | Reduced -12.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 177.1k $16.8m | Reduced -17.9k |
| Ensign Peak Advisors, Inc 0.03% of their portfolio | 176.6k $16.7m | Reduced -154.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 170.4k $16.2m | Reduced -22.8k |
| SEGALL BRYANT & HAMILL, LLC 0.21% of their portfolio | 169.8k $16.1m | Added +4.1k |
| Swiss National Bank 0.01% of their portfolio | 167.6k $15.9m | Added +2.4k |
| Legal & General Group Plc 0.00% of their portfolio | 157.7k $14.9m | Reduced -5.6k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.16% of their portfolio | 155.5k $14.7m | Added +48.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 154.6k $14.7m | Added +10.8k |
| AXIOM INVESTORS LLC /DE 0.11% of their portfolio | 151.4k $14.3m | Added +27.1k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 151.1k $14.3m | Reduced -40.3k |
| LPL Financial LLC 0.00% of their portfolio | 145.3k $13.8m | Added +105.9k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.51% of their portfolio | 140.1k $13.3m | Added +26.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 138.9k $13.2m | Added +2.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 119.8k $11.4m | Reduced -169.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 119.0k $11.3m | Added +18.6k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 117.1k $11.1m | Added +41.9k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.10% of their portfolio | 114.8k $10.9m | Added +2.2k |
| Grandeur Peak Global Advisors, LLC 1.40% of their portfolio | 110.1k $10.4m | Reduced -3.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 109.9k $10.4m | Added +7.8k |
| Motley Fool Asset Management LLC 0.42% of their portfolio | 107.3k $10.2m | Reduced -7.2k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.29% of their portfolio | 102.7k $9.7m | Added +6.9k |
| Motley Fool Wealth Management, LLC 0.65% of their portfolio | 101.3k $9.6m | Reduced -12.2k |
| GDS Wealth Management 0.63% of their portfolio | 101.0k $9.6m | Added +13.7k |
| Thematics Asset Management 0.43% of their portfolio | 99.2k $9.4m | Reduced -2.8k |
| Private Advisory Group LLC 0.79% of their portfolio | 95.5k $9.1m | New |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 94.3k $8.9m | Reduced -2.5k |
| MetLife Investment Management, LLC 0.04% of their portfolio | 93.0k $8.8m | Reduced -3.0k |