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 ($2.6m this quarter). Holder counts are more reliable. Shares outstanding: 83.6m as of 2026-05-20, 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 ≈ $90.24. Options: 7 managers hold calls ($10.1m notional), 7 hold puts ($3.8m).
Trends to Q2 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 |
| Q2 2026 | 498 |
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 | 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 |
| Q2 2026 | 279 | 213 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $20.3m | $6.7m | 0.33 |
| Q4 2025 | $20.1m | $6.9m | 0.34 |
| Q1 2026 | $14.9m | $14.0m | 0.94 |
| Q2 2026 | $10.1m | $3.8m | 0.37 |
Biggest buyers
| MORGAN STANLEY | Added | +2.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +963.0k |
| WASATCH ADVISORS LP | Added | +757.8k |
| BlackRock, Inc. | Added | +745.5k |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. | New | +456.9k |
| CITADEL ADVISORS LLC | Added | +414.1k |
| FMR LLC | Added | +403.5k |
| BANK OF AMERICA CORP /DE/ | Added | +284.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +242.0k |
| GOLDMAN SACHS GROUP INC | Added | +206.6k |
Biggest sellers
| MACKENZIE FINANCIAL CORP | Sold out | -1.3m |
| Balyasny Asset Management L.P. | Sold out | -835.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -558.9k |
| AMERIPRISE FINANCIAL INC | Reduced | -512.2k |
| Man Group plc | Reduced | -355.7k |
| UBS Group AG | Reduced | -351.2k |
| BESSEMER GROUP INC | Reduced | -279.7k |
| Invesco Ltd. | Reduced | -254.6k |
| CADIAN CAPITAL MANAGEMENT, LP | Reduced | -206.0k |
| WCM INVESTMENT MANAGEMENT, LLC | Sold out | -193.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.3m70.0k shares |
| IMC-Chicago, LLC | Reduced | $1.3m14.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m12.2k shares |
| JANE STREET GROUP, LLC | Reduced | $1.0m11.5k shares |
| Walleye Trading LLC | New | $171.6k1.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $135.5k1.5k shares |
| GROUP ONE TRADING LLC | Added | $54.2k600 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.6m28.6k shares |
| IMC-Chicago, LLC | Added | $551.0k6.1k shares |
| CITADEL ADVISORS LLC | Reduced | $216.8k2.4k shares |
| JANE STREET GROUP, LLC | New | $207.7k2.3k shares |
| Walleye Trading LLC | New | $162.6k1.8k shares |
| GROUP ONE TRADING LLC | New | $36.1k400 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 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.
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 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 | — | — |
| Q2 2026 | 0 | — | 3 | $1.2m | $1.2m |
| Q3 2026 | 0 | — | 2 | $1.3m | $1.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-25 | DILLON ADRIAN T Director | Sold plan | $798.4k7.6k shares |
| 2026-07-10 | Fiore Michael Henry EVP, CHIEF COMMERCIAL OFFICER | Sold plan | $223.6k2.4k shares |
| 2026-07-02 | Fiore Michael Henry EVP, CHIEF COMMERCIAL OFFICER | Sold plan | $234.7k2.5k shares |
| 2026-05-29 | Fiore Michael Henry EVP, CHIEF COMMERCIAL OFFICER | Sold plan | $298.5k3.1k shares |
| 2026-05-28 | Ladd Delano EVP, General Counsel | Sold plan | $675.0k7.5k shares |
| 2026-05-28 | Wellborn Gayle Furgurson Director | Sold plan | $219.5k2.4k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 11.3m $1.0bn | Added +745.5k |
| WASATCH ADVISORS LP 4.71% of their portfolio | 8.0m $719.0m | Added +757.8k |
| MORGAN STANLEY 0.02% of their portfolio | 4.5m $410.7m | Added +2.1m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 4.1m $366.5m | Reduced -106.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.6m $328.8m | Reduced -183.0k |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $292.7m | Added +141.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.4m $214.5m | Added +114.8k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 2.0m $176.1m | Reduced -93.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.9m $168.8m | Added +242.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.48% of their portfolio | 1.8m $160.2m | Added +113.6k |
| FMR LLC 0.01% of their portfolio | 1.5m $138.9m | Added +403.5k |
| BROWN ADVISORY INC 0.19% of their portfolio | 1.4m $124.0m | Reduced -40.2k |
| Clearbridge Investments, LLC 0.10% of their portfolio | 1.3m $117.1m | Reduced -13.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $107.4m | Added +13.6k |
| Greenhouse Funds LLLP 5.63% of their portfolio | 1.2m $106.9m | Reduced -74.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.2m $102.1m | Reduced -24.6k |
| GENEVA CAPITAL MANAGEMENT LLC 2.38% of their portfolio | 1.1m $103.8m | Reduced -24.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.1m $103.6m | Added +284.7k |
| DAVENPORT & Co LLC 0.50% of their portfolio | 1.1m $98.2m | Added +71.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.1m $96.8m | Added +35.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.0m $91.0m | Added +206.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 994.6k $89.8m | Added +191.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 965.8k $87.2m | Added +963.0k |
| Atalan Capital Partners, LP 5.07% of their portfolio | 915.3k $82.7m | Added +31.6k |
| LOOMIS SAYLES & CO L P 0.10% of their portfolio | 908.6k $82.1m | Reduced -23.4k |
| Jupiter Topco LLC 0.03% of their portfolio | 873.0k $78.8m | First filing |
| Swedbank AB 0.07% of their portfolio | 851.4k $76.9m | Added +145.1k |
| Park West Asset Management LLC 4.79% of their portfolio | 776.7k $70.1m | Added +153.5k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 760.0k $68.6m | Added +17.1k |
| BAMCO INC /NY/ 0.10% of their portfolio | 750.4k $67.8m | Added +369 |
| Nuveen, LLC 0.02% of their portfolio | 732.8k $66.2m | Added +52.3k |
| Stephens Investment Management Group LLC 0.71% of their portfolio | 729.1k $65.9m | Added +44.5k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.21% of their portfolio | 703.3k $63.5m | Reduced -9.5k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 683.3k $61.7m | Added +80.6k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 683.0k $61.7m | Added +414.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.09% of their portfolio | 678.5k $61.3m | Added +86.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 666.3k $60.2m | Added +67.0k |
| GW&K Investment Management, LLC 0.45% of their portfolio | 632.4k $57.1m | Added +168.1k |
| CADIAN CAPITAL MANAGEMENT, LP 4.28% of their portfolio | 626.7k $56.6m | Reduced -206.0k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 601.8k $54.4m | Added +7.4k |
| NORGES BANK 0.00% of their portfolio | 533.9k $48.2m | Not comparable |
| Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. 2.26% of their portfolio | 456.9k $41.3m | New |
| UBS Group AG 0.01% of their portfolio | 435.5k $39.3m | Reduced -351.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 432.0k $39.0m | Added +51.5k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.11% of their portfolio | 400.6k $36.2m | Reduced -84.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 387.9k $35.0m | Reduced -109.6k |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 384.1k $34.7m | Added +113.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 360.7k $32.6m | Added +19.3k |
| 12th Street Asset Management Company, LLC 4.44% of their portfolio | 345.4k $31.2m | Added +94.0k |
| Aristotle Capital Boston, LLC 2.02% of their portfolio | 332.9k $30.1m | Reduced -64.3k |
| Ranger Investment Management, L.P. 1.82% of their portfolio | 319.3k $28.8m | Added +48.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 318.6k $28.8m | Added +14.5k |
| CIBC Bancorp USA Inc. 0.03% of their portfolio | 311.4k $28.1m | Reduced -10.8k |
| LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio | 275.7k $24.9m | Reduced -65.7k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 254.4k $23.0m | Added +5.5k |
| ASHFORD CAPITAL MANAGEMENT INC 2.45% of their portfolio | 253.4k $22.9m | Reduced -13.0k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 250.0k $22.6m | Reduced -558.9k |
| DF DENT & CO INC 0.42% of their portfolio | 247.1k $22.3m | Added +113.3k |
| SEGALL BRYANT & HAMILL, LLC 0.26% of their portfolio | 238.2k $21.5m | Added +69.2k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.22% of their portfolio | 233.4k $21.1m | Added +59.5k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.43% of their portfolio | 228.3k $20.6m | Added +61.6k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 222.5k $18.6m | Added +263 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 212.3k $19.2m | Reduced -86.7k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 202.7k $18.7m | Reduced -63.9k |
| Invesco Ltd. 0.00% of their portfolio | 198.1k $17.9m | Reduced -254.6k |
| Retirement Systems of Alabama 0.05% of their portfolio | 196.3k $17.7m | Reduced -17.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 193.5k $17.5m | Reduced -1.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 190.4k $17.2m | Added +50.3k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.16% of their portfolio | 184.3k $16.6m | Reduced -8.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 175.2k $15.8m | Added +36.3k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 173.9k $15.7m | Reduced -6.0k |
| Swiss National Bank 0.01% of their portfolio | 169.5k $15.3m | Added +300 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 156.8k $14.2m | Added +25.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 156.6k $14.1m | Added +116.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 155.3k $14.0m | Added +1.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 150.3k $13.6m | Added +43.5k |
| Premier Fund Managers Ltd 1.16% of their portfolio | 145.2k $12.8m | Reduced -142.6k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 141.0k $12.7m | Added +83.6k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 137.4k $12.4m | Added +132.0k |
| GDS Wealth Management 0.59% of their portfolio | 137.1k $12.4m | Added +11.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 135.6k $12.2m | Reduced -6.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 132.7k $12.0m | Added +12.3k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.39% of their portfolio | 132.7k $12.0m | Added +6.5k |
| CASTLEARK MANAGEMENT LLC 0.31% of their portfolio | 127.8k $11.5m | Added +79.3k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 125.9k $11.4m | Reduced -512.2k |
| AXIOM INVESTORS LLC /DE 0.09% of their portfolio | 120.9k $10.9m | Reduced -32.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.08% of their portfolio | 119.8k $10.8m | Added +67.5k |
| Legal & General Group Plc 0.00% of their portfolio | 118.5k $10.7m | Added +863 |
| Ensign Peak Advisors, Inc 0.02% of their portfolio | 117.3k $10.6m | Reduced -17.1k |
| Wealthspire Advisors, LLC 0.06% of their portfolio | 112.0k $10.1m | Added +74.0k |
| B. Metzler seel. Sohn & Co. AG 0.09% of their portfolio | 111.1k $10.0m | Added +25.4k |
| Mariner, LLC 0.01% of their portfolio | 108.9k $9.8m | Added +39.8k |
| BESSEMER GROUP INC 0.01% of their portfolio | 108.7k $9.8m | Reduced -279.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 102.9k $9.3m | Added +1.4k |
| TECTONIC ADVISORS LLC 0.44% of their portfolio | 100.3k $9.1m | Added +17.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 97.8k $8.8m | Reduced -2.8k |
| Granahan Investment Management, LLC 0.31% of their portfolio | 97.3k $8.8m | Reduced -24.8k |
| RENAISSANCE GROUP LLC 0.36% of their portfolio | 96.8k $8.7m | Reduced -1.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 94.6k $8.5m | Reduced -1.5k |
| BEACON INVESTMENT ADVISORY SERVICES, INC. 0.32% of their portfolio | 94.2k $8.5m | Added +36.6k |