HNRG US Equity

HALLADOR ENERGY CO

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Utilities · Electric Services · CIK 788965 · FYE 1231

$13.70

-0.91 (-6.23%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding HNRG · 2026-Q1 methodology → sources →

184 holders

% of shares outstanding held

72.6%

Shares held (13F)

34,224,522

Reporting holders

184

Top holders

largest 100 of 184 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Lubar & Co., Inc	5,452,0195.5M	$89M	11.57%	—
2	BlackRock, Inc.	2,394,7462.4M	$39M	5.08%	ADD 3%
3	Point72 Asset Management, L.P.	1,901,2541.9M	$31M	4.03%	ADD 30%
4	AEGIS FINANCIAL CORP	1,814,0261.8M	$30M	3.85%	—
5	Orbis Allan Gray Ltd	1,759,8111.8M	$29M	3.73%	ADD 18%
6	VANGUARD CAPITAL MANAGEMENT LLC	1,485,8291.5M	$24M	3.15%	NEW†
7	AMERICAN CENTURY COMPANIES INC	1,383,1271.4M	$23M	2.93%	ADD 10%
8	DIMENSIONAL FUND ADVISORS LP	1,022,9831.0M	$17M	2.17%	ADD 12%
9	GEODE CAPITAL MANAGEMENT, LLC	990,740990,740	$16M	2.10%	ADD 20%
10	Apis Capital Advisors, LLC	839,000839,000	$14M	1.78%	TRIM -8%
11	VANGUARD PORTFOLIO MANAGEMENT LLC	772,186772,186	$13M	1.64%	NEW
12	DEUTSCHE BANK AG\	710,996710,996	$12M	1.51%	ADD 75%
13	STATE STREET CORP	709,298709,298	$12M	1.50%	ADD 6%
14	Dayah Capital LLC	648,300648,300	$11M	1.38%	ADD 484%
15	FMR LLC	644,118644,118	$10M	1.37%	ADD 24%
16	Nuveen, LLC	637,160637,160	$10M	1.35%	—
17	AMERIPRISE FINANCIAL INC	620,250620,250	$10M	1.32%	TRIM -41%
18	Empyrean Capital Partners, LP	500,000500,000	$8M	1.06%	NEW
19	GARNET EQUITY CAPITAL HOLDINGS, INC.	432,474432,474	$7M	0.92%	ADD 21%
20	CenterBook Partners LP	422,960422,960	$7M	0.90%	NEW
21	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	409,491409,491	$7M	0.87%	ADD 4%
22	MORGAN STANLEY	406,388406,388	$7M	0.86%	—
23	Bank of New York Mellon Corp	398,633398,633	$6M	0.85%	ADD 25%
24	GOLDMAN SACHS GROUP INC	353,769353,769	$6M	0.75%	ADD 55%
25	CITADEL ADVISORS LLC	345,220345,220	$6M	0.73%	ADD 173%
26	Value Aligned Research Advisors, LLC	320,759320,759	$5M	0.68%	—
27	RENAISSANCE TECHNOLOGIES LLC	308,255308,255	$5M	0.65%	ADD 3%
28	NORTHERN TRUST CORP	305,925305,925	$5M	0.65%	ADD 11%
29	SUSQUEHANNA INTERNATIONAL GROUP, LLP	292,313292,313	$5M	0.62%	NEW
30	Hudson Bay Capital Management LP	265,841265,841	$4M	0.56%	ADD 252%
31	VANGUARD FIDUCIARY TRUST CO	257,261257,261	$4M	0.55%	NEW
32	PRUDENTIAL FINANCIAL INC	255,645255,645	$4M	0.54%	TRIM -70%
33	Western Standard LLC	228,662228,662	$4M	0.49%	NEW
34	Steamboat Capital Partners, LLC	201,139201,139	$3M	0.43%	TRIM -31%
35	WEXFORD CAPITAL LP	161,310161,310	$3M	0.34%	ADD 104%
36	JB CAPITAL PARTNERS LP	160,000160,000	$3M	0.34%	—
37	Connor, Clark & Lunn Investment Management Ltd.	153,378153,378	$2M	0.33%	—
38	D. E. Shaw & Co., Inc.	148,085148,085	$2M	0.31%	TRIM -39%
39	Sourcerock Group LLC	146,969146,969	$2M	0.31%	NEW
40	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	144,438144,438	$2M	0.31%	NEW
41	Nokomis Capital, L.L.C.	135,000135,000	$2M	0.29%	TRIM -73%
42	MARSHALL WACE, LLP	131,380131,380	$2M	0.28%	ADD 15%
43	AQR CAPITAL MANAGEMENT LLC	117,995117,995	$2M	0.25%	—
44	Verition Fund Management LLC	104,003104,003	$2M	0.22%	ADD 49%
45	Galaxy Digital Inc.	100,000100,000	$2M	0.21%	NEW
46	HOHIMER WEALTH MANAGEMENT, LLC	98,05098,050	$2M	0.21%	NEW
47	Russell Investments Group, Ltd.	94,39194,391	$2M	0.20%	ADD 71%
48	VOYA INVESTMENT MANAGEMENT LLC	92,38892,388	$2M	0.20%	TRIM -9%
49	Monashee Investment Management LLC	90,00090,000	$1M	0.19%	NEW
50	Squarepoint Ops LLC	84,60984,609	$1M	0.18%	NEW
51	Gotham Asset Management, LLC	84,14084,140	$1M	0.18%	ADD 27%
52	STATE OF WISCONSIN INVESTMENT BOARD	83,65183,651	$1M	0.18%	ADD 44%
53	Pekin Hardy Strauss, Inc.	79,50079,500	$1M	0.17%	ADD 57%
54	PEAK6 LLC	76,73376,733	$1M	0.16%	NEW
55	Walleye Trading LLC	73,57273,572	$1M	0.16%	NEW
56	JPMORGAN CHASE & CO	70,75770,757	$1M	0.15%	TRIM -3%
57	VARCOV Co.	71,81371,813	$1M	0.15%	NEW
58	Swiss National Bank	69,60069,600	$1M	0.15%	ADD 9%
59	BARINGS LLC	69,23969,239	$1M	0.15%	—
60	LOS ANGELES CAPITAL MANAGEMENT LLC	62,15062,150	$1M	0.13%	ADD 94%
61	Balyasny Asset Management L.P.	61,47761,477	$1M	0.13%	NEW
62	MARTINGALE ASSET MANAGEMENT L P	58,75858,758	$956,581	0.12%	ADD 31%
63	Invesco Ltd.	57,04857,048	$928,742	0.12%	TRIM -17%
64	UBS Group AG	56,27856,278	$916,206	0.12%	—
65	Man Group plc	54,26254,262	$883,385	0.12%	ADD 81%
66	ALGERT GLOBAL LLC	52,91152,911	$861,000	0.11%	TRIM -70%
67	SIMPLEX TRADING, LLC	52,52852,528	$855,155	0.11%	ADD 66%
68	EXCHANGE TRADED CONCEPTS, LLC	51,72651,726	$842,099	0.11%	ADD 109%
69	BRIDGEWAY CAPITAL MANAGEMENT, LLC	48,90348,903	$796,141	0.10%	TRIM -42%
70	Empowered Funds, LLC	48,90348,903	$796,141	0.10%	TRIM -42%
71	Qube Research & Technologies Ltd	48,84848,848	$795,245	0.10%	TRIM -68%
72	MILLENNIUM MANAGEMENT LLC	48,78848,788	$794,269	0.10%	TRIM -92%
73	LEVIN CAPITAL STRATEGIES, L.P.	43,20843,208	$703,426	0.09%	ADD 2%
74	CORSAIR CAPITAL MANAGEMENT, L.P.	41,00941,009	$667,627	0.09%	ADD 26%
75	Cambria Investment Management, L.P.	40,95840,958	$666,796	0.09%	ADD 34%
76	SEI INVESTMENTS CO	40,44640,446	$658,501	0.09%	TRIM -32%
77	RHUMBLINE ADVISERS	40,18740,187	$654,234	0.09%	ADD 4%
78	BARCLAYS PLC	35,75035,750	$582,011	0.08%	TRIM -65%
79	ALLIANCEBERNSTEIN L.P.	30,48030,480	$580,339	0.06%	—
80	Quadrature Capital Ltd	35,52435,524	$578,331	0.08%	NEW
81	Creative Planning	35,09235,092	$571,298	0.07%	TRIM -8%
82	NATIXIS	35,00035,000	$569,800	0.07%	ADD 210%
83	SG Americas Securities, LLC	33,72133,721	$549,000	0.07%	ADD 35%
84	BOOTHBAY FUND MANAGEMENT, LLC	33,21233,212	$540,691	0.07%	NEW
85	CANADA PENSION PLAN INVESTMENT BOARD	32,70032,700	$532,356	0.07%	TRIM -12%
86	TWO SIGMA INVESTMENTS, LP	32,40032,400	$527,472	0.07%	NEW
87	BANK OF AMERICA CORP /DE/	31,91831,918	$519,625	0.07%	TRIM -39%
88	Forvis Mazars Wealth Advisors, LLC	31,50131,501	$512,837	0.07%	—
89	VICTORY CAPITAL MANAGEMENT INC	29,71829,718	$483,809	0.06%	NEW
90	Quantinno Capital Management LP	29,32529,325	$477,411	0.06%	ADD 28%
91	AdvisorShares Investments LLC	28,60028,600	$465,608	0.06%	NEW
92	JANE STREET GROUP, LLC	26,91226,912	$438,128	0.06%	TRIM -74%
93	Peloton Wealth Strategists	25,00025,000	$407,000	0.05%	ADD 4%
94	PRICE T ROWE ASSOCIATES INC /MD/	23,92023,920	$390,000	0.05%	ADD 31%
95	FRANKLIN RESOURCES INC	22,76322,763	$370,582	0.05%	NEW
96	Engineers Gate Manager LP	22,58522,585	$367,684	0.05%	TRIM -65%
97	DRW Securities, LLC	22,45022,450	$365,486	0.05%	NEW
98	VANGUARD ASSET MANAGEMENT, Ltd	21,59221,592	$351,518	0.05%	NEW
99	XTX Topco Ltd	21,21321,213	$345,348	0.05%	NEW
100	Penn Capital Management Company, LLC	19,90419,904	$324,037	0.04%	NEW

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Lubar & Co., Inc

—

5.5M

$89M

BlackRock, Inc.

1.9M

2.2M

2.3M

2.4M

$39M

Point72 Asset Management, L.P.

1.1M

1.2M

1.3M

1.6M

1.5M

1.9M

$31M

AEGIS FINANCIAL CORP

2.0M

1.8M

$30M

Orbis Allan Gray Ltd

—

1.9M

1.5M

1.8M

$29M

VANGUARD CAPITAL MANAGEMENT LLC

—

1.5M

$24M

AMERICAN CENTURY COMPANIES INC

794K

925K

1.1M

1.2M

1.3M

1.4M

$23M

DIMENSIONAL FUND ADVISORS LP

1.9M

2.0M

1.1M

873K

913K

1.0M

$17M

GEODE CAPITAL MANAGEMENT, LLC

684K

698K

760K

784K

825K

991K

$16M

Apis Capital Advisors, LLC

898K

1.1M

826K

854K

914K

839K

$14M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

772K

$13M

DEUTSCHE BANK AG\

18K

16K

19K

22K

405K

711K

$12M

STATE STREET CORP

561K

558K

618K

658K

672K

709K

$12M

Dayah Capital LLC

—

111K

648K

$11M

FMR LLC

259K

417K

520K

644K

$10M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	184	34,224,522	72.6%	$557M
2025-Q4

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · HNRG

Activists — 13D, active intent

Hallador Alternative Assets Fund, LLC3.67%NEWSCHEDULE 13D/A · Amd 13 · event 2026-01-01SEC →

1,607,945 shares · 5 reporting persons

Large holders — 13G, passive (top 5 by % of class)

Holder

% of class

Type

As of

BlackRock, Inc.

5.9%

QII

2026-06-30

SEC →

Becker Mark D.

5.3%

Passive

2025-10-31

SEC →

AEGIS FINANCIAL CORP

4.7%

QII

2025-09-30

SEC →

ALJ Investment Company, LLC

Institutional ownership· 13F filers holding HNRG · 2026-Q1 methodology → sources →

184 holders

% of shares outstanding held

72.6%

Shares held (13F)

34,224,522

Reporting holders

184

Top holders

largest 100 of 184 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	Lubar & Co., Inc	5,452,0195.5M	$89M	11.57%	—
2	BlackRock, Inc.	2,394,7462.4M	$39M	5.08%	ADD 3%
3	Point72 Asset Management, L.P.	1,901,2541.9M	$31M	4.03%	ADD 30%
4	AEGIS FINANCIAL CORP	1,814,0261.8M	$30M	3.85%	—
5	Orbis Allan Gray Ltd	1,759,8111.8M	$29M	3.73%	ADD 18%
6	VANGUARD CAPITAL MANAGEMENT LLC	1,485,8291.5M	$24M	3.15%	NEW†
7	AMERICAN CENTURY COMPANIES INC	1,383,1271.4M	$23M	2.93%	ADD 10%
8	DIMENSIONAL FUND ADVISORS LP	1,022,9831.0M	$17M	2.17%	ADD 12%
9	GEODE CAPITAL MANAGEMENT, LLC	990,740990,740	$16M	2.10%	ADD 20%
10	Apis Capital Advisors, LLC	839,000839,000	$14M	1.78%	TRIM -8%
11	VANGUARD PORTFOLIO MANAGEMENT LLC	772,186772,186	$13M	1.64%	NEW
12	DEUTSCHE BANK AG\	710,996710,996	$12M	1.51%	ADD 75%
13	STATE STREET CORP	709,298709,298	$12M	1.50%	ADD 6%
14	Dayah Capital LLC	648,300648,300	$11M	1.38%	ADD 484%
15	FMR LLC	644,118644,118	$10M	1.37%	ADD 24%
16	Nuveen, LLC	637,160637,160	$10M	1.35%	—
17	AMERIPRISE FINANCIAL INC	620,250620,250	$10M	1.32%	TRIM -41%
18	Empyrean Capital Partners, LP	500,000500,000	$8M	1.06%	NEW
19	GARNET EQUITY CAPITAL HOLDINGS, INC.	432,474432,474	$7M	0.92%	ADD 21%
20	CenterBook Partners LP	422,960422,960	$7M	0.90%	NEW
21	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	409,491409,491	$7M	0.87%	ADD 4%
22	MORGAN STANLEY	406,388406,388	$7M	0.86%	—
23	Bank of New York Mellon Corp	398,633398,633	$6M	0.85%	ADD 25%
24	GOLDMAN SACHS GROUP INC	353,769353,769	$6M	0.75%	ADD 55%
25	CITADEL ADVISORS LLC	345,220345,220	$6M	0.73%	ADD 173%
26	Value Aligned Research Advisors, LLC	320,759320,759	$5M	0.68%	—
27	RENAISSANCE TECHNOLOGIES LLC	308,255308,255	$5M	0.65%	ADD 3%
28	NORTHERN TRUST CORP	305,925305,925	$5M	0.65%	ADD 11%
29	SUSQUEHANNA INTERNATIONAL GROUP, LLP	292,313292,313	$5M	0.62%	NEW
30	Hudson Bay Capital Management LP	265,841265,841	$4M	0.56%	ADD 252%
31	VANGUARD FIDUCIARY TRUST CO	257,261257,261	$4M	0.55%	NEW
32	PRUDENTIAL FINANCIAL INC	255,645255,645	$4M	0.54%	TRIM -70%
33	Western Standard LLC	228,662228,662	$4M	0.49%	NEW
34	Steamboat Capital Partners, LLC	201,139201,139	$3M	0.43%	TRIM -31%
35	WEXFORD CAPITAL LP	161,310161,310	$3M	0.34%	ADD 104%
36	JB CAPITAL PARTNERS LP	160,000160,000	$3M	0.34%	—
37	Connor, Clark & Lunn Investment Management Ltd.	153,378153,378	$2M	0.33%	—
38	D. E. Shaw & Co., Inc.	148,085148,085	$2M	0.31%	TRIM -39%
39	Sourcerock Group LLC	146,969146,969	$2M	0.31%	NEW
40	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	144,438144,438	$2M	0.31%	NEW
41	Nokomis Capital, L.L.C.	135,000135,000	$2M	0.29%	TRIM -73%
42	MARSHALL WACE, LLP	131,380131,380	$2M	0.28%	ADD 15%
43	AQR CAPITAL MANAGEMENT LLC	117,995117,995	$2M	0.25%	—
44	Verition Fund Management LLC	104,003104,003	$2M	0.22%	ADD 49%
45	Galaxy Digital Inc.	100,000100,000	$2M	0.21%	NEW
46	HOHIMER WEALTH MANAGEMENT, LLC	98,05098,050	$2M	0.21%	NEW
47	Russell Investments Group, Ltd.	94,39194,391	$2M	0.20%	ADD 71%
48	VOYA INVESTMENT MANAGEMENT LLC	92,38892,388	$2M	0.20%	TRIM -9%
49	Monashee Investment Management LLC	90,00090,000	$1M	0.19%	NEW
50	Squarepoint Ops LLC	84,60984,609	$1M	0.18%	NEW
51	Gotham Asset Management, LLC	84,14084,140	$1M	0.18%	ADD 27%
52	STATE OF WISCONSIN INVESTMENT BOARD	83,65183,651	$1M	0.18%	ADD 44%
53	Pekin Hardy Strauss, Inc.	79,50079,500	$1M	0.17%	ADD 57%
54	PEAK6 LLC	76,73376,733	$1M	0.16%	NEW
55	Walleye Trading LLC	73,57273,572	$1M	0.16%	NEW
56	JPMORGAN CHASE & CO	70,75770,757	$1M	0.15%	TRIM -3%
57	VARCOV Co.	71,81371,813	$1M	0.15%	NEW
58	Swiss National Bank	69,60069,600	$1M	0.15%	ADD 9%
59	BARINGS LLC	69,23969,239	$1M	0.15%	—
60	LOS ANGELES CAPITAL MANAGEMENT LLC	62,15062,150	$1M	0.13%	ADD 94%
61	Balyasny Asset Management L.P.	61,47761,477	$1M	0.13%	NEW
62	MARTINGALE ASSET MANAGEMENT L P	58,75858,758	$956,581	0.12%	ADD 31%
63	Invesco Ltd.	57,04857,048	$928,742	0.12%	TRIM -17%
64	UBS Group AG	56,27856,278	$916,206	0.12%	—
65	Man Group plc	54,26254,262	$883,385	0.12%	ADD 81%
66	ALGERT GLOBAL LLC	52,91152,911	$861,000	0.11%	TRIM -70%
67	SIMPLEX TRADING, LLC	52,52852,528	$855,155	0.11%	ADD 66%
68	EXCHANGE TRADED CONCEPTS, LLC	51,72651,726	$842,099	0.11%	ADD 109%
69	BRIDGEWAY CAPITAL MANAGEMENT, LLC	48,90348,903	$796,141	0.10%	TRIM -42%
70	Empowered Funds, LLC	48,90348,903	$796,141	0.10%	TRIM -42%
71	Qube Research & Technologies Ltd	48,84848,848	$795,245	0.10%	TRIM -68%
72	MILLENNIUM MANAGEMENT LLC	48,78848,788	$794,269	0.10%	TRIM -92%
73	LEVIN CAPITAL STRATEGIES, L.P.	43,20843,208	$703,426	0.09%	ADD 2%
74	CORSAIR CAPITAL MANAGEMENT, L.P.	41,00941,009	$667,627	0.09%	ADD 26%
75	Cambria Investment Management, L.P.	40,95840,958	$666,796	0.09%	ADD 34%
76	SEI INVESTMENTS CO	40,44640,446	$658,501	0.09%	TRIM -32%
77	RHUMBLINE ADVISERS	40,18740,187	$654,234	0.09%	ADD 4%
78	BARCLAYS PLC	35,75035,750	$582,011	0.08%	TRIM -65%
79	ALLIANCEBERNSTEIN L.P.	30,48030,480	$580,339	0.06%	—
80	Quadrature Capital Ltd	35,52435,524	$578,331	0.08%	NEW
81	Creative Planning	35,09235,092	$571,298	0.07%	TRIM -8%
82	NATIXIS	35,00035,000	$569,800	0.07%	ADD 210%
83	SG Americas Securities, LLC	33,72133,721	$549,000	0.07%	ADD 35%
84	BOOTHBAY FUND MANAGEMENT, LLC	33,21233,212	$540,691	0.07%	NEW
85	CANADA PENSION PLAN INVESTMENT BOARD	32,70032,700	$532,356	0.07%	TRIM -12%
86	TWO SIGMA INVESTMENTS, LP	32,40032,400	$527,472	0.07%	NEW
87	BANK OF AMERICA CORP /DE/	31,91831,918	$519,625	0.07%	TRIM -39%
88	Forvis Mazars Wealth Advisors, LLC	31,50131,501	$512,837	0.07%	—
89	VICTORY CAPITAL MANAGEMENT INC	29,71829,718	$483,809	0.06%	NEW
90	Quantinno Capital Management LP	29,32529,325	$477,411	0.06%	ADD 28%
91	AdvisorShares Investments LLC	28,60028,600	$465,608	0.06%	NEW
92	JANE STREET GROUP, LLC	26,91226,912	$438,128	0.06%	TRIM -74%
93	Peloton Wealth Strategists	25,00025,000	$407,000	0.05%	ADD 4%
94	PRICE T ROWE ASSOCIATES INC /MD/	23,92023,920	$390,000	0.05%	ADD 31%
95	FRANKLIN RESOURCES INC	22,76322,763	$370,582	0.05%	NEW
96	Engineers Gate Manager LP	22,58522,585	$367,684	0.05%	TRIM -65%
97	DRW Securities, LLC	22,45022,450	$365,486	0.05%	NEW
98	VANGUARD ASSET MANAGEMENT, Ltd	21,59221,592	$351,518	0.05%	NEW
99	XTX Topco Ltd	21,21321,213	$345,348	0.05%	NEW
100	Penn Capital Management Company, LLC	19,90419,904	$324,037	0.04%	NEW

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

Lubar & Co., Inc

—

5.5M

$89M

BlackRock, Inc.

1.9M

2.2M

2.3M

2.4M

$39M

Point72 Asset Management, L.P.

1.1M

1.2M

1.3M

1.6M

1.5M

1.9M

$31M

AEGIS FINANCIAL CORP

2.0M

1.8M

$30M

Orbis Allan Gray Ltd

—

1.9M

1.5M

1.8M

$29M

VANGUARD CAPITAL MANAGEMENT LLC

—

1.5M

$24M

AMERICAN CENTURY COMPANIES INC

794K

925K

1.1M

1.2M

1.3M

1.4M

$23M

DIMENSIONAL FUND ADVISORS LP

1.9M

2.0M

1.1M

873K

913K

1.0M

$17M

GEODE CAPITAL MANAGEMENT, LLC

684K

698K

760K

784K

825K

991K

$16M

Apis Capital Advisors, LLC

898K

1.1M

826K

854K

914K

839K

$14M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

772K

$13M

DEUTSCHE BANK AG\

18K

16K

19K

22K

405K

711K

$12M

STATE STREET CORP

561K

558K

618K

658K

672K

709K

$12M

Dayah Capital LLC

—

111K

648K

$11M

FMR LLC

259K

417K

520K

644K

$10M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	184	34,224,522	72.6%	$557M
2025-Q4

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · HNRG

Activists — 13D, active intent

Hallador Alternative Assets Fund, LLC3.67%NEWSCHEDULE 13D/A · Amd 13 · event 2026-01-01SEC →

1,607,945 shares · 5 reporting persons

Large holders — 13G, passive (top 5 by % of class)

Holder

% of class

Type

As of

BlackRock, Inc.

5.9%

QII

2026-06-30

SEC →

Becker Mark D.

5.3%

Passive

2025-10-31

SEC →

AEGIS FINANCIAL CORP

4.7%

QII

2025-09-30

SEC →

ALJ Investment Company, LLC

HNRG US Equity☆

Institutional ownership· 13F filers holding HNRG · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · HNRG

Institutional ownership· 13F filers holding HNRG · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · HNRG

HNRG US Equity