% of shares outstanding not shown: no SEC cover-page share count falls within 120 days of the 2026-Q1 quarter end, so any percentage would rest on a count that cannot speak for this quarter. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for HQL in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
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 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 366K | 519K | 766K | 871K | 1.2M | 1.6M | $26M |
| Saba Capital Management, L.P. | 3.4M | 3.2M | 3.0M | 2.6M | 2.1M | 947K | $15M |
| Penserra Capital Management LLC | 828K | 747K | 770K | 794K | 875K | 807K | $13M |
| RAYMOND JAMES FINANCIAL INC | 238K | 313K | 376K | 423K | 597K | 661K | $11M |
| LPL Financial LLC | 287K | 328K | 344K | 374K | 449K | 479K | $8M |
| NEEDHAM INVESTMENT MANAGEMENT LLC | 353K | 379K | 392K | 403K | 403K | 430K | $7M |
| FLAGSHIP HARBOR ADVISORS, LLC | 250K | 341K | 342K | 357K | 363K | 383K | $6M |
| Allspring Global Investments Holdings, LLC | 166K | 193K | 235K | 235K | 230K | 363K | $6M |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 40K | 163K | 230K | 308K | 199K | 199K | $3M |
| AMERIPRISE FINANCIAL INC | 153K | 168K | 168K | 210K | 191K | 192K | $3M |
| Formidable Asset Management, LLC | — | 64K | 64K | 76K | 124K | 158K | $3M |
| Advisors Asset Management, Inc. | 156K | 159K | 160K | 159K | 168K | 160K | $3M |
| 180 WEALTH ADVISORS, LLC | 135K | 136K | 143K | 149K | 154K | 150K | $2M |
| ROYAL BANK OF CANADA | 48K | 73K | 903K | 79K | 104K | 121K | $2M |
| BANK OF AMERICA CORP /DE/ | 185K | 180K | 145K | 113K | 106K | 116K | $2M |
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.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
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.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| MORGAN STANLEY | +406,188 | $7M | ADD |
| Allspring Global Investments Holdings, LLC | +132,098 | $2M | ADD |
| RAYMOND JAMES FINANCIAL INC | +64,257 | $1M | ADD |
| ABSOLUTE INVESTMENT ADVISERS, LLC | +35,755 | $581,734 | OPEN |
| Formidable Asset Management, LLC | +33,940 | $552,204 | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Saba Capital Management, L.P. | −1,169,828 | $19M | TRIM |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | −69,030 | $1M | CLOSE |
| Penserra Capital Management LLC | −68,238 | $1M | TRIM |
| WOLVERINE ASSET MANAGEMENT LLC | −59,787 | $972,734 | TRIM |
| Shaker Financial Services, LLC | −41,202 | $670,357 | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 86 | 8,294,331 | — | $135M |
| 2025-Q4 | 73 | 8,787,401 | — | $147M |
| 2025-Q3 | 82 | 9,148,601 | — | $142M |
| 2025-Q2 | 75 | 9,624,935 | — | $123M |
| 2025-Q1 | 82 | 8,886,129 | — | $113M |
| 2024-Q4 | 71 | 9,477,486 | — | $124M |
| 2024-Q3 | 74 | 9,886,652 | — | $150M |
| 2024-Q2 | 74 | 9,813,298 | — | $139M |
| 2024-Q1 | 78 | 10,066,180 | — | $137M |
| 2023-Q4 | 79 | 8,395,516 | — | $113M |
| 2023-Q3 | 79 | 6,434,755 | — | $80M |
| 2023-Q2 | 78 | 5,495,705 | — | $74M |
| 2023-Q1 | 78 | 5,218,156 | — | $73M |
| 2022-Q4 | 80 | 5,216,837 | — | $74M |
| 2022-Q3 | 63 | 4,275,592 | — | $58M |
| 2022-Q2 | 65 | 3,673,095 | — | $52M |
| 2022-Q1 | 66 | 3,659,593 | — | $61M |
| 2021-Q4 | 67 | 3,874,470 | — | $74M |
| 2021-Q3 | 67 | 4,079,106 | — | $85M |
| 2021-Q2 | 67 | 4,403,959 | — | $94M |
| 2021-Q1 | 64 | 5,080,314 | — | $100M |
| 2020-Q4 | 64 | 4,901,747 | — | $97M |
| 2020-Q3 | 61 | 5,153,962 | — | $91M |
| 2020-Q2 | 69 | 5,018,042 | — | $90M |
| 2020-Q1 | 68 | 4,350,296 | — | $65M |
| 2019-Q4 | 68 | 4,584,968 | — | $80M |
| 2019-Q3 | 61 | 3,308,365 | — | $50M |
| 2019-Q2 | 55 | 3,166,954 | — | $53M |
| 2019-Q1 | 56 | 3,199,120 | — | $55M |
| 2018-Q4 | 58 | 3,261,275 | — | $49M |
| 2018-Q3 | 56 | 3,162,519 | — | $65M |
| 2018-Q2 | 58 | 3,203,720 | — | $60M |
| 2018-Q1 | 55 | 3,179,843 | — | $61M |
| 2017-Q4 | 54 | 3,055,376 | — | $60M |
| 2017-Q3 | 51 | 2,689,777 | — | $58M |
| 2017-Q2 | 46 | 2,451,355 | — | $51M |
| 2017-Q1 | 40 | 3,016,981 | — | $58M |
| 2016-Q4 | 49 | 3,127,100 | — | $53M |
| 2016-Q3 | 44 | 2,171,044 | — | $41M |
| 2016-Q2 | 49 | 2,225,557 | — | $38M |
| 2016-Q1 | 47 | 2,417,408 | — | $43M |
| 2015-Q4 | 51 | 2,614,868 | — | $62M |
| 2015-Q3 | 46 | 2,464,633 | — | $56M |
| 2015-Q2 | 43 | 2,302,072 | — | $65M |
| 2015-Q1 | 43 | 2,111,707 | — | $58M |
| 2014-Q4 | 41 | 2,150,629 | — | $54M |
| 2014-Q3 | 2 | 2,881 | — | $64,000 |
