Horizon Kinetics Asset Management Increases Stake in Hawaiian Electric Industries to 12.5%

On April 29, 2026, Horizon Kinetics Asset Management LLC (HKAM) filed a Schedule 13G/A disclosing a significant increase in its position in Hawaiian Electric Industries Inc (HE). The filing indicates that HKAM, a wholly owned subsidiary of Horizon Kinetics Holding Corp (HKHC), now beneficially owns 21,635,294 shares of common stock. This represents a 12.5% ownership stake in the company, a substantial increase from the 0.0% previously reported. The reporting entities, which include both HKAM and HKHC, maintain sole voting and dispositive power over the full 21,635,294 shares. The filing was triggered by an event on March 31, 2026, and is designated as an amendment (No. 4). According to the certification, these securities were acquired in the ordinary course of business and are not held for the purpose of changing or influencing the control of the issuer. The total value of the holdings is estimated at approximately $329.7 million based on the reported share count.