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 ($3.0m this quarter). Holder counts are more reliable. Shares outstanding: 84.5m as of 2026-03-03, 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 ≈ $83.51. Options: 8 managers hold calls ($14.9m notional), 5 hold puts ($14.0m).
Trends to Q1 2026
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 |
| Q4 2025 | 512 |
| Q1 2026 | 488 |
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 | 206 | 155 |
| Q3 2024 | 196 | 194 |
| Q4 2024 | 235 | 185 |
| Q1 2025 | 270 | 186 |
| Q2 2025 | 250 | 228 |
| Q3 2025 | 240 | 244 |
| Q4 2025 | 255 | 242 |
| Q1 2026 | 253 | 274 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $34.4m | $25.2m | 0.73 |
| Q3 2025 | $20.3m | $6.7m | 0.33 |
| Q4 2025 | $20.1m | $6.9m | 0.34 |
| Q1 2026 | $14.9m | $14.0m | 0.94 |
Biggest buyers
| MORGAN STANLEY | Added | +999.9k |
| Park West Asset Management LLC | New | +623.2k |
| DAVENPORT & Co LLC | Added | +621.0k |
| WASATCH ADVISORS LP | Added | +613.3k |
| Balyasny Asset Management L.P. | Added | +553.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +329.9k |
| Swedbank AB | Added | +269.0k |
| CADIAN CAPITAL MANAGEMENT, LP | Added | +266.0k |
| BANK OF AMERICA CORP /DE/ | Added | +261.1k |
| Squarepoint Ops LLC | New | +179.4k |
Biggest sellers
| WESTFIELD CAPITAL MANAGEMENT CO LP | Reduced | -1.2m |
| FMR LLC | Reduced | -917.6k |
| BlackRock, Inc. | Reduced | -683.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -514.3k |
| Allspring Global Investments Holdings, LLC | Reduced | -462.9k |
| Invesco Ltd. | Reduced | -419.1k |
| MARSHALL WACE, LLP | Reduced | -418.8k |
| Artisan Partners Limited Partnership | Reduced | -271.3k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -269.9k |
| Thrivent Financial for Lutherans | Reduced | -258.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.5m101.8k shares |
| UBS Group AG | Added | $1.6m19.6k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m18.8k shares |
| JANE STREET GROUP, LLC | Reduced | $1.5m18.3k shares |
| IMC-Chicago, LLC | Added | $1.3m15.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $359.4k4.3k shares |
| Beck Bode, LLC | Reduced | $18.4k10.1k shares |
| GROUP ONE TRADING LLC | Reduced | $8.4k100 shares |
Biggest puts
| UBS Group AG | Added | $5.6m67.2k shares |
| CITADEL ADVISORS LLC | Added | $5.0m59.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.1m37.4k shares |
| IMC-Chicago, LLC | New | $242.4k2.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $50.1k600 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 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.
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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2025 | 0 | — | 4 | $2.1m | $437.0k |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 10.5m $880.2m | Reduced -683.4k |
| WASATCH ADVISORS LP 4.00% of their portfolio | 7.2m $601.9m | Added +613.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 4.2m $348.0m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.8m $319.6m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 3.1m $259.1m | Added +8.8k |
| MORGAN STANLEY 0.01% of their portfolio | 2.5m $207.7m | Added +999.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.3m $188.9m | Added +58.4k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 2.1m $172.6m | Added +329.9k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.46% of their portfolio | 1.7m $138.7m | Reduced -195.6k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.6m $136.0m | Added +45.3k |
| BROWN ADVISORY INC 0.19% of their portfolio | 1.4m $118.1m | Reduced -102.5k |
| Clearbridge Investments, LLC 0.10% of their portfolio | 1.3m $109.5m | Reduced -49.0k |
| MACKENZIE FINANCIAL CORP 0.13% of their portfolio | 1.3m $107.1m | Added +109.9k |
| Greenhouse Funds LLLP 4.98% of their portfolio | 1.3m $105.1m | Added +178.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.2m $96.4m | Added +18.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.2m $98.2m | Added +42.6k |
| GENEVA CAPITAL MANAGEMENT LLC 2.09% of their portfolio | 1.2m $98.1m | Added +55.5k |
| FMR LLC 0.00% of their portfolio | 1.1m $94.8m | Reduced -917.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.0m $86.6m | Added +18.0k |
| DAVENPORT & Co LLC 0.47% of their portfolio | 1.0m $84.9m | Added +621.0k |
| LOOMIS SAYLES & CO L P 0.10% of their portfolio | 931.9k $77.9m | Reduced -21.2k |
| Atalan Capital Partners, LP 6.81% of their portfolio | 883.7k $73.8m | Reduced -31.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 862.0k $72.0m | Added +261.1k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 850.4k $71.1m | Added +30.2k |
| Balyasny Asset Management L.P. 0.14% of their portfolio | 835.1k $69.8m | Added +553.4k |
| CADIAN CAPITAL MANAGEMENT, LP 8.47% of their portfolio | 832.7k $69.6m | Added +266.0k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 808.9k $67.6m | Reduced -142.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 803.4k $67.1m | Reduced -514.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 800.8k $66.9m | Reduced -123.4k |
| UBS Group AG 0.01% of their portfolio | 786.7k $65.7m | Added +168.9k |
| BAMCO INC /NY/ 0.19% of their portfolio | 750.0k $62.7m | Reduced -6.0k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 742.8k $62.1m | Reduced -4.5k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.25% of their portfolio | 712.8k $59.6m | Reduced -1.2m |
| Swedbank AB 0.06% of their portfolio | 706.3k $59.0m | Added +269.0k |
| Stephens Investment Management Group LLC 0.78% of their portfolio | 684.6k $57.2m | Reduced -41.6k |
| Nuveen, LLC 0.02% of their portfolio | 680.5k $56.9m | Added +6.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 638.0k $53.3m | Reduced -35.2k |
| Park West Asset Management LLC 4.60% of their portfolio | 623.2k $52.1m | New |
| SEI INVESTMENTS CO 0.05% of their portfolio | 602.7k $50.4m | Reduced -66.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 599.3k $50.1m | Reduced -22.6k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 594.4k $49.7m | First filing |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.08% of their portfolio | 592.0k $49.5m | Reduced -42.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 497.5k $41.6m | Reduced -269.9k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.12% of their portfolio | 485.4k $40.6m | Reduced -94.6k |
| GW&K Investment Management, LLC 0.34% of their portfolio | 464.3k $38.8m | Added +1.4k |
| Invesco Ltd. 0.00% of their portfolio | 452.7k $37.8m | Reduced -419.1k |
| Man Group plc 0.07% of their portfolio | 423.3k $35.4m | Added +146.8k |
| Aristotle Capital Boston, LLC 2.06% of their portfolio | 397.2k $33.2m | Reduced -35.7k |
| BESSEMER GROUP INC 0.05% of their portfolio | 388.4k $32.5m | Added +15.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 380.5k $31.6m | Reduced -30.3k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 341.4k $28.5m | Reduced -9.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 341.4k $28.5m | Reduced -312 |
| CIBC Bancorp USA Inc. 0.04% of their portfolio | 322.2k $26.9m | First filing |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 304.0k $25.4m | Added +26.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 299.0k $25.0m | Reduced -39.5k |
| Premier Fund Managers Ltd 1.66% of their portfolio | 287.8k $23.5m | Reduced -21.4k |
| Ranger Investment Management, L.P. 1.64% of their portfolio | 271.2k $22.7m | Reduced -2.1k |
| Artisan Partners Limited Partnership 0.04% of their portfolio | 270.9k $22.6m | Reduced -271.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 268.8k $22.5m | Added +53.6k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 266.6k $22.2m | Reduced -462.9k |
| ASHFORD CAPITAL MANAGEMENT INC 2.75% of their portfolio | 266.5k $22.3m | Reduced -5.2k |
| CITIGROUP INC 0.01% of their portfolio | 253.3k $21.2m | Added +173.7k |
| 12th Street Asset Management Company, LLC 3.44% of their portfolio | 251.4k $21.0m | Reduced -7.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 248.9k $20.8m | Added +952 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 222.2k $20.4m | Reduced -4.0k |
| Retirement Systems of Alabama 0.06% of their portfolio | 213.6k $17.9m | Added +1.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 194.9k $16.3m | Added +4.7k |
| WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 193.4k $15.8m | Reduced -40.6k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 193.0k $16.1m | Added +114.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.17% of their portfolio | 192.4k $16.1m | Added +64.8k |
| Trexquant Investment LP 0.11% of their portfolio | 186.5k $15.6m | Reduced -11.3k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 179.8k $15.0m | Reduced -19.1k |
| Squarepoint Ops LLC 0.03% of their portfolio | 179.4k $15.0m | New |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.17% of their portfolio | 173.9k $14.5m | Added +12.2k |
| Swiss National Bank 0.01% of their portfolio | 169.2k $14.1m | Reduced -800 |
| SEGALL BRYANT & HAMILL, LLC 0.20% of their portfolio | 169.0k $14.1m | Reduced -8.8k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.41% of their portfolio | 166.6k $13.9m | Added +25.1k |
| Summit Creek Advisors LLC 2.77% of their portfolio | 161.1k $13.5m | Reduced -23.7k |
| AXIOM INVESTORS LLC /DE 0.14% of their portfolio | 153.6k $12.8m | Reduced -14.6k |
| California Public Employees Retirement System 0.01% of their portfolio | 153.6k $12.8m | Added +805 |
| ArrowMark Colorado Holdings LLC 0.32% of their portfolio | 145.8k $12.2m | Reduced -23.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 141.9k $11.9m | Added +39.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 140.1k $11.7m | Reduced -75.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 138.9k $11.6m | Added +31.1k |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 134.4k $11.2m | Reduced -20.6k |
| DF DENT & CO INC 0.21% of their portfolio | 133.8k $11.2m | Reduced -6.4k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 131.7k $11.0m | Reduced -29.8k |
| Private Advisory Group LLC 0.74% of their portfolio | 127.2k $10.6m | Added +25.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.39% of their portfolio | 126.2k $10.5m | Added +17.5k |
| GDS Wealth Management 0.63% of their portfolio | 125.6k $10.5m | Added +15.5k |
| Granahan Investment Management, LLC 0.49% of their portfolio | 122.1k $10.2m | Added +31.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 120.4k $10.1m | Added +8.1k |
| LPL Financial LLC 0.00% of their portfolio | 120.1k $10.0m | Reduced -23.8k |
| Legal & General Group Plc 0.00% of their portfolio | 117.7k $9.8m | Reduced -17.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 106.8k $8.9m | Reduced -72.0k |
| Portolan Capital Management, LLC 0.45% of their portfolio | 101.6k $8.5m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 101.5k $8.5m | Reduced -16.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 100.6k $8.4m | Added +19.3k |
| Motley Fool Asset Management LLC 0.35% of their portfolio | 98.5k $8.2m | Reduced -2.9k |
| RENAISSANCE GROUP LLC 0.34% of their portfolio | 98.3k $8.2m | Added +18.8k |