Victory Capital Management Reduces HealthEquity Stock Position

The institutional investor sold over 22,000 shares of the healthcare company in Q3 2025.

Mar. 11, 2026 at 11:48am

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Victory Capital Management Inc. reduced its position in HealthEquity, Inc. (NASDAQ:HQY) by 11.8% during the third quarter of 2025, according to a disclosure filed with the Securities and Exchange Commission (SEC). The institutional investor now owns 170,430 shares of the company's stock, down from 193,181 shares held previously.

Why it matters

HealthEquity is a leading administrator of consumer-directed health accounts and related benefit solutions in the United States. As an institutional investor, Victory Capital Management's position changes can signal broader market sentiment around the company and its outlook.

The details

Victory Capital Management sold 22,751 shares of HealthEquity stock during the third quarter, reducing its total position to 170,430 shares. The institutional investor now owns 0.20% of HealthEquity's outstanding shares, down from 0.23% previously. HealthEquity's stock price has fluctuated between $72.76 and $116.65 over the past 52 weeks.

  • Victory Capital Management filed the disclosure with the SEC on March 11, 2026.
  • The position change occurred during the third quarter of 2025.

The players

Victory Capital Management Inc.

An institutional investment management firm that oversees over $157 billion in client assets.

HealthEquity, Inc.

A leading administrator of consumer-directed health accounts and related benefit solutions, headquartered in Draper, Utah.

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The takeaway

Victory Capital Management's reduced stake in HealthEquity suggests some institutional investors may be taking a more cautious view on the healthcare company's near-term prospects, though the stock remains widely covered and rated positively by Wall Street analysts.