Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

HERITAGE INSURANCE HLDGS INC (HRTG)

197 + Investors. Track Smart Money conviction in HRTG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +19
Streak
4Q ▲
Buyers last Q
63%

Smart Money Signals — HRTG

Based on 192 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added HRTG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
192 hedge funds hold HRTG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +66% more funds vs a year ago

fund count last 6Q
+76 new funds entered over the past year (+66% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 63% buying

126 buying74 selling
Last quarter: 126 funds were net buyers (42 opened a brand new position + 84 added to an existing one). Only 74 were sellers (51 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new HRTG position: 28 → 50 → 29 → 42. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

48% of holders stayed for 2+ years

■ 48% conviction (2yr+) ■ 22% medium ■ 30% new
92 out of 192 hedge funds have held HRTG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +19% but shares only +2% — price-driven

Value
+18%
Shares
+2%
Last quarter: the total dollar value of institutional holdings rose +19%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~42 new funds/quarter

27 → 28 → 50 → 29 → 42 new funds/Q
New funds entering each quarter: 28 → 50 → 29 → 42. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 58% of holders stayed 2+ years

■ 58% veterans ■ 9% 1-2yr ■ 33% new
Of 197 current holders: 115 (58%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds
33 of 192 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in HRTG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — HRTG

In 2025 Q4, 126 hedge funds were net buyers of HRTG (42 opened a new position, 84 added to an existing one), while 74 reduced or exited (51 trimmed, 23 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 42% of total institutional value in HRTG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +19 funds (more new holders than closures). Total institutional holders: 192.

Hedge Fund Ownership: HRTG

How many hedge funds hold HRTG — quarterly history vs. share price
Quarterly hedge fund ownership of HRTG vs. share price

Market Analysis: HRTG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HRTG

Financial Services Insurance - Property & Casualty

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

34 top-rated funds 0 high-conviction
Consensus
6.7
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: HRTG
2026 Q1 Stats Unlock in 5 days 197 + Investors

Track Smart Money conviction in HRTG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 197 179 10.06%
13F Shares 20M 19M 2.36%
Total Value $569M $480M 18.68%
New Positions 42 29 +13
Increased Positions 94 91 +3
Closed Positions 23 27 -4
Reduced Positions 59 58 +1
Total Calls 4 6 -33.33%
Total Puts 2 3 -33.33%
PUT/CALL Ratio 0.5 0.5 Bullish

Statistics: HRTG

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

197 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HRTG. Verified SEC 13F-HR filings.

Top 25 institutional holders of HRTG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Pacific Ridge Capital Partners, LLC 2.31% 405,860 $10.7M
2 Quartz Partners, LLC 1.85% 181,933 $4.8M
3 INSTRUMENTAL WEALTH, LLC 0.97% 60,060 $1.6M
4 Annis Gardner Whiting Capital Advisors, LLC 0.53% 126,871 $3.3M
5 Optimize Financial Inc 0.23% 17,722 $465K
6 NAVELLIER & ASSOCIATES INC 0.13% 47,200 $1.2M
7 Inspire Investing, LLC 0.13% 58,915 $1.5M
8 GSA CAPITAL PARTNERS LLP 0.08% 51,113 $1K
9 Informed Momentum Co LLC 0.06% 18,843 $495K
10 Counterpoint Mutual Funds LLC 0.05% 11,854 $311K
11 Y-Intercept (Hong Kong) Ltd 0.04% 84,250 $2.2M
12 Connor, Clark & Lunn Investment Management Ltd. 0.03% 550,867 $14.5M
13 State of Wyoming 0.03% 9,457 $248K
14 Fragasso Financial Advisors Inc 0.02% 15,200 $405K
15 GLOBEFLEX CAPITAL L P 0.02% 5,914 $155K
16 Triumph Capital Management 0.02% 4,246 $111K
17 Assenagon Asset Management S.A. 0.02% 461,844 $12.1M
18 MCGUIRE CAPITAL ADVISORS INC 0.02% 1,050 $28K
19 Covestor Ltd 0.02% 885 —
20 PRUDENTIAL FINANCIAL INC 0.02% 492,092 $12.9M
21 ACADIAN ASSET MANAGEMENT LLC 0.01% 386,624 $10K
22 AlphaQuest LLC 0.01% 7,524 $220K
23 BAILARD, INC. 0.01% 18,679 $490K
24 Moran Wealth Management, LLC 0.01% 11,011 $289K
25 Sanctuary Advisors, LLC 0.01% 61,233 $1.6M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — HERITAGE INSURANCE HLDGS INC (HRTG)

What does the Smart Money Trend signal show for HRTG?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added HRTG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HRTG?

More buyers than sellers — 63% buying: Last quarter: 126 funds were net buyers (42 opened a brand new position + 84 added to an existing one). Only 74 were sellers (51 trimmed + 23 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for HRTG holders?

Elite ownership — 42% AUM from top-100 funds: 33 of 192 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in HRTG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HRTG?

48% of holders stayed for 2+ years: 92 out of 192 hedge funds have held HRTG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.