Hawaiian Electric Industries Inc (HE) shareholders
HENYSEElectric ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 12/3068% below fair value
$8.61−0.01 (-0.12%)
Close on Nov 13, 2026Market cap $1.49BP/E 6.5Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
82.8%
143M of 173M shares
Institutional holders
337
39 new, 38 sold out
Net institutional buying
5M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 25,323,022 | 14.70% | 13G (passive) amendment | Mar 31, 2026 |
| Horizon Kinetics Asset Management LLC Joint filing with Horizon Kinetics Holding Corp (12.50%) | 21,635,294 | 12.50% | 13G (passive) amendment | Mar 31, 2026 |
| Arena Holdings Management LLC Joint filing with Feroz Dewan (6.10%) | 10,554,877 | 6.10% | 13G (passive) | Dec 4, 2025 |
| Vanguard Portfolio Management | 10,323,574 | 5.98% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 8,828,948 | 5.11% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of HE | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 26,483,206 | 15.33% | $358.32M | +736,104 | 0.01% |
| Horizon Kinetics Asset Management LLC | 22,395,397 | 12.97% | $303.01M | +760,103 | 3.44% |
| Vanguard Portfolio Management LLC | 10,373,982 | 6.01% | $140.36M | +113,322 | 0.01% |
| Vanguard Capital Management LLC | 7,479,058 | 4.33% | $101.19M | +24,706 | 0.00% |
| State Street Corp | 7,181,312 | 4.16% | $97.16M | +364,551 | 0.00% |
| T. Rowe Price Investment Management, Inc. | 6,198,556 | 3.59% | $83.87M | −11,531 | 0.05% |
| Geode Capital Management, LLC | 4,335,526 | 2.51% | $58.67M | +248,195 | 0.00% |
| Quantinno Capital Management LP | 3,979,937 | 2.30% | $53.85M | +467,420 | 0.06% |
| Charles Schwab Investment Management Inc | 3,086,280 | 1.79% | $41.76M | −257,332 | 0.01% |
| Invesco Ltd. | 2,662,995 | 1.54% | $36.03M | +643,695 | 0.00% |
| Dimensional Fund Advisors LP | 2,574,951 | 1.49% | $34.84M | +11,243 | 0.01% |
| Morgan Stanley | 2,501,036 | 1.45% | $33.84M | −154,144 | 0.00% |
| Bank Of America Corp /De/ | 2,375,093 | 1.38% | $32.14M | −359,042 | 0.00% |
| Northern Trust Corp | 1,916,443 | 1.11% | $25.93M | +291,711 | 0.00% |
| Jupiter Asset Management Ltd | 1,804,720 | 1.04% | $24.42M | +1,606,702 | 0.12% |
| Goldman Sachs Group Inc | 1,552,999 | 0.90% | $21.01M | +38,696 | 0.00% |
| UBS Group AG | 1,378,357 | 0.80% | $18.65M | +372,395 | 0.00% |
| Principal Financial Group Inc | 1,338,368 | 0.77% | $18.11M | +48,263 | 0.01% |
| Mad River Investors | 1,321,850 | 0.77% | $17.88M | +4,800 | 6.67% |
| Vanguard Fiduciary Trust Co | 1,133,112 | 0.66% | $15.33M | +20,773 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 337 | 143M | 82.8% | 39 / 136 | 95 / 38 | 11M | 6M |
| Q1 2026 | 341 | 138M | 80.2% | 68 / 133 | 84 / 41 | 32M | 16M |
| Q4 2025 | 321 | 142M | 82.4% | 67 / 122 | 80 / 36 | 32M | 16M |
| Q3 2025 | 295 | 127M | 73.2% | 53 / 103 | 79 / 32 | 13M | 15M |
| Q2 2025 | 276 | 129M | 74.7% | 37 / 101 | 81 / 47 | 14M | 18M |
| Q1 2025 | 289 | 133M | 77.2% | 57 / 108 | 76 / 52 | 26M | 16M |
| Q4 2024 | 290 | 124M | 71.8% | 64 / 102 | 74 / 62 | 35M | 30M |
| Q3 2024 | 291 | 119M | 68.9% | 71 / 91 | 78 / 53 | 80M | 22M |
| Q2 2024 | 277 | 72M | 41.9% | 40 / 105 | 76 / 54 | 17M | 19M |
| Q1 2024 | 295 | 74M | 43.1% | 49 / 90 | 100 / 43 | 11M | 9M |
| Q4 2023 | 291 | 72M | 41.6% | 61 / 91 | 101 / 42 | 19M | 11M |
| Q3 2023 | 275 | 64M | 37.3% | 74 / 89 | 83 / 118 | 29M | 24M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
247 funds held HE in Q2 2026, 64% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of HE | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 10,402,588 | 6.02% | $140.75M | 0.13% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 5,200,150 | 3.01% | $70.36M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 4,315,980 | 2.50% | $58.40M | 0.07% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 3,757,857 | 2.18% | $50.84M | 0.03% | Jun 30, 2026 |
| Kinetics Paradigm Portfolio | 3,566,000 | 2.06% | $48.25M | 4.07% | Jun 30, 2026 |
| Horizon Kinetics Inflation Beneficiaries ETF | 3,358,274 | 1.94% | $45.44M | 3.08% | Jun 30, 2026 |
| T. Rowe Price Small-Cap Value Fund, Inc. | 3,341,074 | 1.93% | $45.20M | 0.43% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 2,382,603 | 1.38% | $32.24M | 0.05% | Jun 30, 2026 |
| Kinetics Small Cap Opportunities Portfolio | 2,012,000 | 1.16% | $27.22M | 5.14% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,982,082 | 1.15% | $26.82M | 0.03% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,813,908 | 1.05% | $23.44M | 0.07% | Jul 31, 2026 |
| Invesco S&P SmallCap Momentum ETF | 1,761,450 | 1.02% | $22.76M | 0.75% | Jul 31, 2026 |
| Kinetics Market Opportunities Portfolio | 1,612,000 | 0.93% | $21.81M | 7.20% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 1,587,975 | 0.92% | $21.49M | 0.13% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 1,554,686 | 0.90% | $21.03M | 0.14% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Scott W.H. Seu | President & CEO, Director | 52,272 | 0.03% | Feb 24, 2026 |
| Paul K. Ito | EVP & CFO | 22,646 | 0.01% | Apr 2, 2026 |
| Shelee M.T. Kimura | Pres & CEO, Hawn Electric Co. | 28,279 | 0.02% | Feb 24, 2026 |
| Kurt K. Murao | EVP, GC & Chief Admin Officer | 37,867 | 0.02% | Feb 24, 2026 |
| Peter S. Ho | Director | – | – | Nov 13, 2026 |
| Micah A. Kane | Director | 41,515 | 0.02% | Jul 2, 2026 |
| Elisia Flores | Director | 33,996 | 0.02% | Jul 2, 2026 |
| Peggy Y. Fowler | Director | 73,126 | 0.04% | Jul 2, 2026 |
| Timothy E. Johns | Director | 72,406 | 0.04% | Jul 2, 2026 |
| James A. Ajello | Director | 61,482 | 0.04% | Jul 2, 2026 |
| Toby B. Taniguchi | Director | 25,733 | 0.01% | Jul 2, 2026 |
| Celeste Anne Connors | Director | 34,678 | 0.02% | Jul 2, 2026 |
| John C. Aquilino | Director | 17,861 | 0.01% | Jul 2, 2026 |
| Mary E. Kipp | Director | 23,355 | 0.01% | Jul 2, 2026 |
| W. James Scilacci | Director | 35,723 | 0.02% | Jul 2, 2026 |
| Thomas B. Fargo | Director | 51,474 | 0.03% | Jul 2, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| James A. Ajello Director | Jun 30, 2026 | Award | +9,238 | – | – | 9,238 |
| Toby B. Taniguchi Director | Jun 30, 2026 | Award | +9,238 | – | – | 25,733 |
| Peggy Y. Fowler Director | Jun 30, 2026 | Award | +9,238 | – | – | 9,238 |
| Elisia Flores Director | Jun 30, 2026 | Award | +9,238 | – | – | 33,996 |
| Micah A. Kane Director | Jun 30, 2026 | Award | +9,238 | – | – | 41,515 |
| W. James Scilacci Director | Jun 30, 2026 | Award | +9,238 | – | – | 35,723 |
| Mary E. Kipp Director | Jun 30, 2026 | Award | +9,238 | – | – | 23,355 |
| Timothy E. Johns Director | Jun 30, 2026 | Award | +9,238 | – | – | 9,253 |
| John C. Aquilino Director | Jun 30, 2026 | Award | +9,238 | – | – | 17,861 |
| Celeste Anne Connors Director | Jun 30, 2026 | Award | +9,238 | – | – | 34,678 |
| Kurt K. Murao EVP, GC & Chief Admin Officer | Feb 20, 2026 | Tax withholding | −528 | $15.86 | $8.37K | 37,867 |
| Scott W.H. Seu President & CEO, Director | Feb 20, 2026 | Tax withholding | −1,583 | $15.86 | $25.11K | 52,043 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 20, 2026 | Tax withholding | −1,277 | $15.86 | $20.25K | 26,921 |
| Peggy Y. Fowler Director | Aug 13, 2025 | Gift | +11,759 | – | – | 63,888 |
| Peggy Y. Fowler Director | Aug 13, 2025 | Gift | −11,759 | – | – | 0 |
| Micah A. Kane Director | Jun 30, 2025 | Award | +11,759 | – | – | 32,277 |
| W. James Scilacci Director | Jun 30, 2025 | Award | +11,759 | – | – | 26,485 |
| Peggy Y. Fowler Director | Jun 30, 2025 | Award | +11,759 | – | – | 11,759 |
| Thomas B. Fargo Director | Jun 30, 2025 | Award | +11,759 | – | – | 11,759 |
| Elisia Flores Director | Jun 30, 2025 | Award | +11,759 | – | – | 24,758 |
| Celeste Anne Connors Director | Jun 30, 2025 | Award | +11,759 | – | – | 25,440 |
| Kurt K. Murao EVP, GC & Chief Admin Officer | Feb 21, 2025 | Tax withholding | −1,032 | $10.76 | $11.10K | 36,394 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 21, 2025 | Tax withholding | −2,780 | $10.76 | $29.91K | 28,196 |
| Scott W.H. Seu President & CEO, Director | Feb 21, 2025 | Tax withholding | −4,439 | $10.76 | $47.76K | 54,080 |
| Ann Teranishi Pres & CEO, Amer Savings Bank | May 24, 2024 | Tax withholding | −372 | $10.63 | $3.95K | 30,980 |
| Scott W.H. Seu President & CEO, Director | Feb 16, 2024 | Tax withholding | −7,768 | $13.10 | $101.76K | 60,185 |
| Ann Teranishi Pres & CEO, Amer Savings Bank | Feb 16, 2024 | Tax withholding | −6,581 | $13.10 | $86.21K | 39,478 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 16, 2024 | Tax withholding | −5,411 | $13.10 | $70.88K | 29,112 |
| Kurt K. Murao EVP, GC & Chief Admin Officer | Feb 16, 2024 | Tax withholding | −4,199 | $13.10 | $55.01K | 41,313 |
| Ann Teranishi Pres & CEO, Amer Savings Bank | Feb 9, 2024 | Award | +14,709 | – | – | 25,433 |
| Scott W.H. Seu President & CEO, Director | Feb 9, 2024 | Award | +9,894 | – | – | 35,533 |
| Kurt K. Murao EVP, GC & Chief Admin Officer | Feb 9, 2024 | Award | +6,088 | – | – | 32,018 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 9, 2024 | Award | +3,550 | – | – | 19,460 |
| Richard J. Dahl Director | Jun 30, 2023 | Award | +3,314 | – | – | 3,314 |
| Elisia Flores Director | Jun 30, 2023 | Award | +3,314 | – | – | 12,901 |
| Peggy Y. Fowler Director | Jun 30, 2023 | Award | +3,314 | – | – | 3,314 |
| Celeste Anne Connors Director | Jun 30, 2023 | Award | +3,314 | – | – | 13,681 |
| W. James Scilacci Director | Jun 30, 2023 | Award | +3,314 | – | – | 14,301 |
| Yoko Otani Director | Jun 30, 2023 | Award | +3,314 | – | – | 4,288 |
| Micah A. Kane Director | Jun 30, 2023 | Award | +3,314 | – | – | 20,238 |
| Michael J. Kennedy Director | Jun 30, 2023 | Award | +3,314 | – | – | 12,303 |
| Thomas B. Fargo Director | Jun 30, 2023 | Award | +3,314 | – | – | 3,314 |
| Micah A. Kane Director | Jun 12, 2023 | Gift | −660 | – | – | 16,924 |
| Ann Teranishi Pres & CEO, Amer Savings Bank | May 18, 2023 | Tax withholding | −523 | $35.99 | $18.82K | 22,176 |
| Ann Teranishi Pres & CEO, Amer Savings Bank | May 18, 2023 | Tax withholding | −523 | $35.99 | $18.82K | 22,759 |
| Keith P. Russell Director | Mar 8, 2023 | Sale | −10,000 | $39.21 | $392.10K | 23,447 |
| Paul K. Ito EVP, CFO & Treasurer | Feb 17, 2023 | Tax withholding | −1,535 | $42.30 | $64.93K | 11,643 |
| Ann Teranishi Pres & CEO, Amer Savings Bank | Feb 17, 2023 | Tax withholding | −1,731 | $42.30 | $73.22K | 15,432 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 17, 2023 | Tax withholding | −3,922 | $42.30 | $165.90K | 20,002 |
| Kurt K. Murao EVP, GC & Chief Admin Officer | Feb 17, 2023 | Tax withholding | −2,607 | $42.30 | $110.28K | 28,955 |
| Scott W.H. Seu President & CEO, Director | Feb 17, 2023 | Tax withholding | −7,605 | $42.30 | $321.69K | 31,597 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 10, 2023 | Award | +2,773 | – | – | 35,983 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 10, 2023 | Award | +8,135 | – | – | 33,210 |
| Paul K. Ito EVP, CFO & Treasurer | Feb 10, 2023 | Award | +1,876 | – | – | 25,914 |
| Paul K. Ito EVP, CFO & Treasurer | Feb 10, 2023 | Award | +11,200 | – | – | 24,038 |
| Scott W.H. Seu President & CEO, Director | Feb 10, 2023 | Award | +7,474 | – | – | 61,948 |
| Scott W.H. Seu President & CEO, Director | Feb 10, 2023 | Award | +15,140 | – | – | 54,474 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 10, 2023 | Award | +8,135 | – | – | 29,015 |
| Shelee M.T. Kimura Pres & CEO, Hawn Electric Co. | Feb 10, 2023 | Award | +2,773 | – | – | 31,778 |
| Ann Teranishi Pres & CEO, Amer Savings Bank | Feb 10, 2023 | Award | +629 | – | – | 24,887 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
9.09%
16M shares short
Days to cover
3.8
At 4M shares a day
Change since last report
-13.9%
From 18M shares
Short volume, 20 days
44.8%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Hawaiian Electric Industries's stock actually held short. Settlement fails (shares not delivered on time) peaked at 15,169 shares on Sep 28, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Russell Keith P Director | May 17, 2023 | 12,000 | $441.38K | May 15, 2023 | Restricted Stock Vesting |
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