Hawaiian Electric Inds (HE) — Who Owns This Stock? 13F Breakdown (Q2 2026)

HE ranks #1855 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

HE is a top-conviction position for Mad River Investors — at 6.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in HE belongs to BlackRock, Inc., but the position matters far more to Mad River Investors, who has 6.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

California State Teachers Retirement System has added to its HE position for two straight quarters, increasing it by $197.5M to reach $199.6M today.

Morgan Stanley has trimmed its HE position for two straight quarters, cutting it by $10.5M while still holding $33.8M.

HE is down 0.5% today, but institutions show net buying of $99.7M this quarter — a divergence between today's price move and the underlying institutional flow.

HE posted net income of $226.2M over the trailing twelve months, and currently trades at a P/E of 8.7.

• Profitable — net income of $226.2M over the trailing twelve months
• Revenue grew 16.8% year over year
• Net income improved year over year, from -$118.0M to $226.2M
• Generated $391.1M in positive operating cash flow
• Current ratio of 1.32x — below the conventional 1.5x liquidity buffer
• Liabilities run 4.56x equity — a highly leveraged balance sheet worth noting