HGBL
Heritage Global Inc.
$1.22
+0.03 (+2.52%)
At close · Jul 2
View the 10-Q filed May 7, 2026
Customer concentration
— top customer 78% of receivables
One customer — 78% of receivables (March 31, 2026)
“The Company's portfolio includes its largest borrower’s gross note receivable balance of approximately $21.4 million, representing 78% of our total gross notes receivable balance as of March 31, 2026, as compared to 76% as of December 31, 2025.”
One customer — 76% of receivables (December 31, 2025)
“The Company's portfolio includes its largest borrower’s gross note receivable balance of approximately $21.4 million, representing 78% of our total gross notes receivable balance as of March 31, 2026, as compared to 76% as of December 31, 2025.”
Market Cap
$42.38M
Shares
34,734,754
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Holders: 38
Total Value: $25,743,779
Total Shares: 18,929,265
Institutional Ownership Trend
23 quarters
Holder Concentration
Across 38 13F filers · Δ vs Dec 31, 2025Top Holder
17.8%
−0.2 pts
Top 5
71.6%
+2.0 pts
Top 10
89.8%
+0.9 pts
HHI
1,179
Broadly held+59
Quarterly Activity
vs Dec 31, 2025
New
7
Increased
7
Decreased
12
Sold Out
10
Unchanged
12
Holder count:
-3
Institutional value:
+56.3%
Shares held:
+42.5%
Top Buyers
vs Dec 31, 2025| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Small Mink Brook Asset Management LLC | +2,447,668 | 4,476,512 | |
| Mid PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | +2,103,644 | 4,488,296 | |
| Large Man Group plc | +20,400 | 79,690 | |
| Mega BlackRock, Inc. | +7,085 | 147,039 | |
| Mega UBS Group AG | +1,244 | 2,875 |
Top Sellers
vs Dec 31, 2025| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Small Rothschild Wealth LLC | −279,500 | 81,366 | |
| Large RENAISSANCE TECHNOLOGIES LLC | −133,200 | 244,317 | |
| Small Topline Capital Management, LLC | −65,476 | 1,785,488 | |
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | −44,303 | 46,533 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC | −18,042 | 342,134 |
Top New Positions
vs Dec 31, 2025| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Mega VANGUARD CAPITAL MANAGEMENT LLC | 3,491,911 | $4,748,998 | |
| Small Militia Capital Management LLC | 563,873 | $766,867 | |
| Small Ridgewood Investments LLC | 237,165 | $322,544 | |
| Small Evernest Financial Advisors, LLC | 194,000 | $263,840 | |
| Mega VANGUARD FIDUCIARY TRUST CO | 166,048 | $225,825 |
Top Sold-Out Positions
vs Dec 31, 2025| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega VANGUARD GROUP INC | 1,874,040 | $2,323,808 | |
| Small Militia Capital Partners, LP | 563,873 | $699,202 | |
| Micro Perritt Capital Management Inc | 360,866 | $447,473 | |
| Small WYNNEFIELD CAPITAL INC | 79,426 | $98,488 | |
| Mega CITADEL ADVISORS LLC | 60,303 | $74,775 |
| Holder | Value (USD) | % of 13F | Shares | Type | Discretion | Filed | Open | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Mid PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $3,052,041 | 11.86% | 2,244,148 | Shares | Sole | 2026-05-15 | ||||
| Mid PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $3,052,041 | 11.86% | 2,244,148 | Shares | Sole | 2026-05-15 | ||||
| Small Mink Brook Asset Management LLC | $3,044,028 | 11.82% | 2,238,256 | Shares | Sole | 2026-04-01 | ||||
| Small Mink Brook Asset Management LLC | $3,044,028 | 11.82% | 2,238,256 | Shares | Sole | 2026-04-06 | ||||
| Mega VANGUARD CAPITAL MANAGEMENT LLC | $2,494,735 | 9.69% | 1,834,364 | Shares | Sole | 2026-04-30 | ||||
| Small Topline Capital Management, LLC | $2,428,263 | 9.43% | 1,785,488 | Shares | Sole | 2026-05-15 | ||||
| Mega VANGUARD CAPITAL MANAGEMENT LLC | $2,254,263 | 8.76% | 1,657,547 | Shares | Defined | 2026-05-15 | ||||
| Small Truffle Hound Capital, LLC | $1,496,000 | 5.81% | 1,100,000 | Shares | Sole | 2026-05-07 | ||||
| Small Koshinski Asset Management, Inc. | $1,247,533 | 4.85% | 917,304 | Shares | Sole | 2026-04-27 | ||||
| Small Militia Capital Management LLC | $766,867 | 2.98% | 563,873 | Shares | Sole | 2026-05-13 | ||||
| Mega GEODE CAPITAL MANAGEMENT, LLC | $465,301 | 1.81% | 342,134 | Shares | Defined | 2026-05-15 | ||||
| Large RENAISSANCE TECHNOLOGIES LLC | $332,271 | 1.29% | 244,317 | Shares | Sole | 2026-05-14 | ||||
| Small Ridgewood Investments LLC | $322,544 | 1.25% | 237,165 | Shares | Sole | 2026-04-03 | ||||
| Mega DIMENSIONAL FUND ADVISORS LP | $278,178 | 1.08% | 204,544 | Shares | Sole | 2026-05-07 | ||||
| Small Evernest Financial Advisors, LLC | $263,840 | 1.02% | 194,000 | Shares | Sole | 2026-05-04 | ||||
| Mega VANGUARD FIDUCIARY TRUST CO Bank | $225,825 | 0.88% | 166,048 | Shares | Defined | 2026-05-15 | ||||
| Mega BlackRock, Inc. | $199,971 | 0.78% | 147,039 | Shares | Sole | 2026-05-13 | ||||
| Mega STATE STREET CORP | $158,529 | 0.62% | 116,566 | Shares | Defined | 2026-05-15 | ||||
| Small Rothschild Wealth LLC | $110,657 | 0.43% | 81,366 | Shares | Sole | 2026-05-06 | ||||
| Large Man Group plc | $108,378 | 0.42% | 79,690 | Shares | Defined | 2026-05-15 | ||||
| Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP | $63,284 | 0.25% | 46,533 | Shares | Other | 2026-05-15 | ||||
| Mega NORTHERN TRUST CORP Bank | $50,136 | 0.19% | 36,865 | Shares | Defined | 2026-05-14 | ||||
| Mega GOLDMAN SACHS GROUP INC | $47,900 | 0.19% | 35,221 | Shares | Defined | 2026-05-15 | ||||
| Mid NorthRock Partners, LLC | $46,429 | 0.18% | 34,139 | Shares | Sole | 2026-05-15 | ||||
| Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $35,030 | 0.14% | 25,758 | Shares | Sole | 2026-04-08 | ||||
| Mega JANE STREET GROUP, LLC | $25,851 | 0.10% | 19,009 | Shares | Defined | 2026-05-12 | ||||
| Mega MORGAN STANLEY | $25,388 | 0.10% | 18,668 | Shares | Defined | 2026-05-15 | ||||
| Large ACADIAN ASSET MANAGEMENT LLC | $22,703 | 0.09% | 16,694 | Shares | Defined | 2026-05-13 | ||||
| Mid XTX Topco Ltd | $18,950 | 0.07% | 13,934 | Shares | Defined | 2026-05-15 | ||||
| Mid EVERGREEN CAPITAL MANAGEMENT LLC | $16,154 | 0.06% | 11,878 | Shares | Sole | 2026-05-14 | ||||
| Mega Vanguard Global Advisers, LLC | $14,645 | 0.06% | 10,769 | Shares | Defined | 2026-05-15 | ||||
| Mega ROYAL BANK OF CANADA Bank | $7,863 | 0.03% | 5,782 | Shares | Defined | 2026-05-15 | ||||
| Mega CITIGROUP INC | $5,650 | 0.02% | 4,155 | Shares | Defined | 2026-05-11 | ||||
| Mid Parallel Advisors, LLC | $5,440 | 0.02% | 4,000 | Shares | Sole | 2026-05-07 | ||||
| Mid Tower Research Capital LLC (TRC) | $4,977 | 0.02% | 3,660 | Shares | Defined | 2026-05-15 | ||||
| Mega UBS Group AG | $3,909 | 0.02% | 2,875 | Shares | Defined | 2026-05-05 | ||||
| Large OSAIC HOLDINGS, INC. | $3,046 | 0.01% | 2,240 | Shares | Defined | 2026-05-15 | ||||
| Large TD Waterhouse Canada Inc. | $949 | 0.00% | 698 | Shares | Defined | 2026-05-12 | ||||
| Mid Smartleaf Asset Management LLC | $136 | 0.00% | 100 | Shares | Sole | 2026-05-15 | ||||
| Small Archer Investment Corp | $34 | 0.00% | 25 | Shares | Sole | 2026-05-04 | ||||
| Mid HARBOUR INVESTMENTS, INC. | $12 | 0.00% | 9 | Shares | Sole | 2026-05-15 | ||||
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Key facts
CIK
849145
CUSIP
42727E103