HERITAGE GLOBAL INC

Ticker: HGBL CUSIP: 42727E103 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

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

InstitutionSharesValue ($000)
PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.2,384,652$2,957
Mink Brook Asset Management LLC2,028,844$2,516
VANGUARD GROUP INC1,874,040$2,324
Topline Capital Management, LLC1,850,964$2,295
Truffle Hound Capital, LLC1,100,000$1,364
Koshinski Asset Management, Inc.917,304$1,137
Militia Capital Partners, LP563,873$699
RENAISSANCE TECHNOLOGIES LLC377,517$468
PERRITT CAPITAL MANAGEMENT INC360,866$447
Rothschild Wealth LLC360,866$447
GEODE CAPITAL MANAGEMENT, LLC360,176$447
DIMENSIONAL FUND ADVISORS LP209,612$260
BlackRock, Inc.139,954$174
STATE STREET CORP116,566$145
SUSQUEHANNA INTERNATIONAL GROUP, LLP90,836$113
WYNNEFIELD CAPITAL INC79,426$98
CITADEL ADVISORS LLC60,303$75
Man Group plc59,290$74
GOLDMAN SACHS GROUP INC49,951$62
NORTHERN TRUST CORP36,865$46
NorthRock Partners, LLC34,139$42
Heron Bay Capital Management31,925$40
ACADIAN ASSET MANAGEMENT LLC31,466$0
JANE STREET GROUP, LLC29,651$37
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC25,758$32
XTX Topco Ltd24,667$31
MORGAN STANLEY18,668$23
Squarepoint Ops LLC13,653$17
EVERGREEN CAPITAL MANAGEMENT LLC11,878$15
HRT FINANCIAL LP10,726$0
CITIGROUP INC9,893$12
ROYAL BANK OF CANADA5,782$7
Parallel Advisors, LLC4,000$5
Tower Research Capital LLC (TRC)3,522$4
OSAIC HOLDINGS, INC.2,745$3
WELLS FARGO & COMPANY/MN2,505$3
UBS Group AG1,631$2
TD Waterhouse Canada Inc.678$1
BANK OF AMERICA CORP /DE/156$0
Smartleaf Asset Management LLC100$0
Archer Investment Corp25$0
Total (41 institutions)13,285,473$16,422