Monitor for any further amendments to Schedule 13G or a conversion to Schedule 13D, which would signal a shift from passive to activist intent. The reduction from the prior 14.3% level (BlackRock's filing) suggests continued portfolio rebalancing by large holders.
Price Chart
Executive Summary
Jennison Associates LLC filed an amended Schedule 13G disclosing a 8.8% passive stake in Heritage Financial Corp as of September 30, 2026, down from a prior 14.3% stake reported by BlackRock one day earlier. The reduction reflects routine portfolio rebalancing by a large asset manager and does not signal activist intent.
Key Financial Metrics
Key Facts
- Jennison Associates LLC disclosed a 8.8% passive stake in Heritage Financial Corp as of September 30, 2026.
- The stake consists of 3,580,467 shares of common stock.
- The filing is an amendment to a prior Schedule 13G, indicating a change from a previously undisclosed level.
- Jennison qualifies as an investment adviser under Rule 13d-1(b), confirming passive intent.
- The filing was made on October 28, 2026, with a date of change of October 28, 2026.
Financial Impact
Jennison holds 8.8% of Heritage Financial's common stock, valued at approximately $105 million based on the $1.2B market cap.
Risk Factors
- A passive holder reducing a stake could precede further selling, though no activist intent is indicated.
- The filing does not disclose the prior stake level, making the magnitude of the change unclear.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0000053417-26-000063 |
| Document: 0000053417-26-000063-index.html | 0000053417-26-000063 |
| Document: 0000053417-26-000063.txt | 0000053417-26-000063 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 today | Institutional Cluster | $29.16 | awaiting T+60 | awaiting T+60 | $28.91 (−0.86%) |
Oct 28, 2026 1d ago | SC 13G/A | $28.68 | awaiting T+60 | awaiting T+60 | $28.91 (+0.80%) |
Oct 27, 2026 2d ago | SC 13G/A | $28.68 | awaiting T+60 | awaiting T+60 | $28.91 (+0.80%) |
Oct 22, 2026 7d ago | 8-K | $28.52 | awaiting T+60 | awaiting T+60 | $28.91 (+1.37%) |
Oct 8, 2026 21d ago | SC 13G | $27.57 | awaiting T+60 | awaiting T+60 | $28.91 (+4.86%) |
Sep 30, 2026 29d ago | Press Release | $27.63 | awaiting T+60 | awaiting T+60 | $28.91 (+4.63%) |
Aug 5, 2026 12w ago | Insider Cluster | $29.65 | awaiting T+60 | awaiting T+60 | $28.91 (−2.50%) |
Jul 23, 2026 14w ago | 8-K | $30.16 $27.46 | ▼ −8.95% | ▼ −12.68% | $28.91 (−4.14%) |
Mar 23, 2026 31w ago | 8-K | $25.06 $27.52 | ▼ −9.82% | ▲ +3.24% | $28.91 (−15.37%) |
Mar 20, 2026 31w ago | DEFA14A | $24.47 $29.04 | ▲ +18.65% | ▲ +4.23% | $28.91 (+18.12%) |
US Market Status
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