Heritage Global Inc. (HGBL) Institutional Ownership

Institutions by Trading Activity

35,205,152Shares Outstanding

13,861,661Shares held by institutions

$19,129,092Value of institutional holdings

39.37%Institutional ownership %

4.02%Shares Changed QoQ

39No. of institutional investors

Heritage Global Inc. (NASDAQ:HGBL) showed up in the 13F filings of 39 institutional investors as of December 2025.

These investors held 39.2% of outstanding shares in December 2025, up from 39.0% in September 2025.
Their total shares held in HGBL increased 3.64% quarter over quarter, and separately, investors owning Heritage Global increased 2.63% from a year ago.
Of these 39 holders, 21 added to their stakes in Heritage Global, 8 trimmed positions, and 10 made no changes.
In total, institutional investors held 13.81Mn shares in Heritage Global as of December 2025, up by 485.72K shares quarter on quarter, and up 194.05K shares year over year.
Mink Brook Asset Management LLC holds the largest position in HGBL at 2.24Mn shares as of December 31, 2025, or 6.36% of shares outstanding.
The largest buyers of Heritage Global for the quarter ending December 2025 were Ridgewood Investments LLC (237.16K), Mink Brook Asset Management LLC (209.41K).
Per Business Quant data, the top 2 holders of Heritage Global for the quarter ending December 2025 are Mink Brook Asset Management LLC (2.24Mn), Ridgewood Investments LLC (237.16K).

13,861,661 Total Shares Held

Rows:

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.	31 Dec, 2025	2,384,652	-90,576	-3.66%	$2,956,968.00
Mink Brook Asset Management LLC	31 Dec, 2025	2,028,844	146,622	7.79%	$2,515,767.00
VANGUARD GROUP INC	31 Dec, 2025	1,874,040	14,013	0.75%	$2,323,811.00
Topline Capital Management, LLC	31 Dec, 2025	1,850,964	172,457	10.27%	$2,295,195.00
Militia Capital Partners, LP	31 Dec, 2025	1,127,746	0	0.00%	$1,398,406.00
Truffle Hound Capital, LLC	31 Dec, 2025	1,100,000	0	0.00%	$1,364,000.00
Koshinski Asset Management, Inc.	31 Dec, 2025	917,304	0	0.00%	$1,137,457.00
RENAISSANCE TECHNOLOGIES LLC	31 Dec, 2025	377,517	6,185	1.67%	$468,121.00
PERRITT CAPITAL MANAGEMENT INC	31 Dec, 2025	360,866	65,000	21.97%	$447,474.00
Rothschild Wealth LLC	31 Dec, 2025	360,866	360,866	0.00%	$447,474.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	360,176	2,402	0.67%	$446,721.00
DIMENSIONAL FUND ADVISORS LP	31 Dec, 2025	209,612	-62,705	-23.03%	$259,964.00
BlackRock, Inc.	31 Dec, 2025	139,954	3,270	2.39%	$173,543.00
State Street Corp	31 Dec, 2025	116,566	0	0.00%	$144,542.00
Goldman Sachs Group Inc	31 Dec, 2025	99,902	61,463	159.90%	$123,878.00
SUSQUEHANNA INTERNATIONAL GROUP, LLP	31 Dec, 2025	90,836	48,098	112.54%	$112,637.00
WYNNEFIELD CAPITAL INC	31 Dec, 2025	79,426	-321,604	-80.19%	$98,488.00
CITADEL ADVISORS LLC	31 Dec, 2025	60,303	-13,162	-17.92%	$74,776.00
Man Group plc	31 Dec, 2025	59,290	0	0.00%	$73,520.00
Northern Trust Corp	31 Dec, 2025	36,865	0	0.00%	$45,713.00

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