HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
Lubar & Co., Inc5,452,019$103,806
BlackRock, Inc.2,324,726$44,263
VANGUARD GROUP INC2,320,508$44,182
AEGIS FINANCIAL CORP1,814,026$34,539
Orbis Allan Gray Ltd1,490,148$28,372
Point72 Asset Management, L.P.1,464,153$27,877
AMERICAN CENTURY COMPANIES INC1,254,389$23,884
AMERIPRISE FINANCIAL INC1,056,984$20,125
APIS CAPITAL ADVISORS, LLC914,000$17,403
DIMENSIONAL FUND ADVISORS LP913,202$17,387
PRUDENTIAL FINANCIAL INC848,418$16,154
GEODE CAPITAL MANAGEMENT, LLC825,105$15,714
STATE STREET CORP672,044$12,796
Nuveen, LLC628,533$11,967
MILLENNIUM MANAGEMENT LLC609,318$11,601
FMR LLC520,164$9,904
Nokomis Capital, L.L.C.497,531$9,473
DEUTSCHE BANK AG\405,277$7,716
MORGAN STANLEY402,393$7,662
CHARLES SCHWAB INVESTMENT MANAGEMENT INC393,645$7,495
GARNET EQUITY CAPITAL HOLDINGS, INC.357,840$6,813
Value Aligned Research Advisors, LLC320,759$6,107
Bank of New York Mellon Corp319,404$6,081
RENAISSANCE TECHNOLOGIES LLC299,455$5,702
Steamboat Capital Partners, LLC292,029$5,560
NORTHERN TRUST CORP276,088$5,257
ExodusPoint Capital Management, LP245,305$4,671
D. E. Shaw & Co., Inc.241,089$4,590
EAM Investors, LLC237,667$4,525
GOLDMAN SACHS GROUP INC228,028$4,342
ALGERT GLOBAL LLC177,680$3
JB CAPITAL PARTNERS LP160,000$3,046
Connor, Clark & Lunn Investment Management Ltd.155,266$2,956
Qube Research & Technologies Ltd151,511$2,885
Trexquant Investment LP150,103$2,858
Hillsdale Investment Management Inc.139,700$2,660
CITADEL ADVISORS LLC126,547$2,409
AQR CAPITAL MANAGEMENT LLC117,297$2,233
MARSHALL WACE, LLP113,899$2,169
JANE STREET GROUP, LLC105,069$2,001
BARCLAYS PLC101,495$1,932
Voya Investment Management LLC101,029$1,924
Kestra Advisory Services, LLC92,006$1,752
Empowered Funds, LLC84,368$1,606
BRIDGEWAY CAPITAL MANAGEMENT, LLC83,903$1,598
WEXFORD CAPITAL LP78,900$1,502
GREAT LAKES ADVISORS, LLC77,973$1,485
Hudson Bay Capital Management LP75,430$1,436
JPMORGAN CHASE & CO72,928$1,389
Jackson Creek Investment Advisors LLC71,590$1
Verition Fund Management LLC70,010$1,333
Resolute Capital Asset Partners LLC70,000$1,333
BARINGS LLC69,239$1,318
Invesco Ltd.69,020$1,314
Gotham Asset Management, LLC66,272$1,262
Engineers Gate Manager LP64,405$1,226
Swiss National Bank63,700$1,213
SEI INVESTMENTS CO59,911$1,141
STATE OF WISCONSIN INVESTMENT BOARD58,182$1,108
Arrowpoint Investment Partners (Singapore) Pte. Ltd.56,900$1,083
UBS Group AG56,613$1,078
Russell Investments Group, Ltd.55,115$1,049
BANK OF AMERICA CORP /DE/52,706$1,004
Pekin Hardy Strauss, Inc.50,600$963
MARTINGALE ASSET MANAGEMENT L P44,943$856
LEVIN CAPITAL STRATEGIES, L.P.42,308$806
RHUMBLINE ADVISERS38,564$734
HRT FINANCIAL LP38,195$1
Creative Planning38,167$727
CANADA PENSION PLAN INVESTMENT BOARD37,300$710
Shay Capital LLC35,000$666
WELLS FARGO & COMPANY/MN34,014$648
TWO SIGMA ADVISERS, LP32,800$625
CORSAIR CAPITAL MANAGEMENT, L.P.32,509$619
LOS ANGELES CAPITAL MANAGEMENT LLC31,961$646
SIMPLEX TRADING, LLC31,631$602
FORVIS Wealth Advisors, LLC31,501$600
Cambria Investment Management, L.P.30,618$583
ALLIANCEBERNSTEIN L.P.30,480$580
Man Group plc29,969$571
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt25,927$494
SG Americas Securities, LLC25,046$0
EXCHANGE TRADED CONCEPTS, LLC24,767$472
Peloton Wealth Strategists24,000$0
Quantinno Capital Management LP22,908$436
FOX RUN MANAGEMENT, L.L.C.19,799$377
UBS ASSET MANAGEMENT AMERICAS INC19,214$366
Y-Intercept (Hong Kong) Ltd18,761$357
Massar Capital Management, LP18,687$356
PRELUDE CAPITAL MANAGEMENT, LLC18,655$355
MetLife Investment Management, LLC18,483$352
LAZARD ASSET MANAGEMENT LLC18,220$347
PRICE T ROWE ASSOCIATES INC /MD/18,208$0
INTECH INVESTMENT MANAGEMENT LLC18,014$343
AXQ CAPITAL, LP18,002$343
Bleakley Financial Group, LLC17,592$335
JANUS HENDERSON GROUP PLC16,900$322
STRS OHIO14,600$278
O'SHAUGHNESSY ASSET MANAGEMENT, LLC14,514$276
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.14,439$275
72 other institutions305,758$5,191
Total (172 institutions)31,976,068$601,488