Herc HoldingsHRI

13F holders, Q3 2025 (September 30)
290holders −10
45new positions
53sold out
8famous investors
$116.68avg. 13F price*

At the end of Q3 2025, 290 institutions reported holding Herc Holdings Inc. (HRI) in their 13F filings, down 10 from Q2 2025. 45 opened new positions and 53 sold out. The largest holders were Invesco Ltd. ($481.0M), Vanguard Group Inc. ($383.8M) and BlackRock, Inc. ($294.6M). 8 famous investors held it, including Mario Gabelli (1.2% of GAMCO Investors's portfolio), Ken Fisher (0.0% of Fisher Asset Management's portfolio) and Ken Griffin (0.0% of Citadel Advisors's portfolio).

Company
Herc Holdings Inc.
Filed as
HERC HLDGS INC (Q3 2025)
CUSIP
42704L104
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400 Q1 2024: 279Q1 2024Q2 2024: 279Q2 2024Q3 2024: 282Q3 2024Q4 2024: 318Q4 2024Q1 2025: 303Q1 2025Q2 2025: 300Q2 2025Q3 2025: 290Q3 2025Q4 2025: 312Q4 2025Q1 2026: 304Q1 2026Q2 2026: 336Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions45$45.5M
Exits53$149.7M

All 13F filers, Q2 2025 → Q3 2025: 3,467,200 shares bought and 3,226,555 shares sold, net +240,645 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 290 holders

Invesco Ltd. 0.08% Add +11.2% 4,123,437 $481.0M
Vanguard Group Inc. 0.01% Reduce -2.6% 3,290,180 $383.8M
BlackRock, Inc. 0.01% Reduce -7.7% 2,525,530 $294.6M
FMR LLC 0.01% Add +20.3% 2,351,004 $274.3M
Coliseum Capital Management, LLC 21.70% Add +7.4% 1,905,171 $222.3M
American Century Companies Inc. 0.08% Add +8.1% 1,301,975 $151.9M
Capital World Investors 0.02% Reduce -33.1% 1,176,455 $137.2M
GAMCO Investors 1.25% Reduce -1.1% 1,101,214 $128.5M
Dimensional Fund Advisors LP 0.02% Reduce -0.1% 965,809 $112.7M
Vaughan Nelson Investment Management, L.P. 1.00% Add +34.7% 943,722 $110.1M
State Street Corp. 0.00% Reduce -3.9% 754,355 $88.0M
First Trust Advisors LP 0.07% Add +12.7% 752,255 $87.8M
Geode Capital Management, LLC 0.01% Reduce -1.7% 738,200 $86.1M
Channing Capital Management, LLC 1.88% Reduce -0.9% 612,552 $71.5M
Macquarie Group Ltd. 0.08% Add +11.8% 591,223 $69.0M
Fisher Asset Management 0.02% Add +0.6% 588,396 $68.6M
Alliancebernstein L.P. 0.02% Reduce -39.4% 500,658 $58.4M
Gabelli Funds LLC 0.40% Add +8.9% 492,250 $57.4M
Charles Schwab Investment Management Inc. 0.01% Reduce -3.1% 444,983 $51.9M
Morgan Stanley 0.00% Add +11.4% 423,143 $49.4M
Marshall Wace, LLP 0.05% Add +233.1% 420,512 $49.1M
Bank of New York Mellon Corp 0.01% Add +127.5% 374,271 $43.7M
Northern Trust Corp. 0.00% Reduce -5.0% 302,613 $35.3M
Ameriprise Financial Inc. 0.01% Add +3306.3% 292,328 $34.1M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.05% Add +1.0% 244,822 $28.6M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.07% Add +9.6% 230,889 $26.9M
Citadel Advisors 0.02% Add +5721.9% 166,973 $19.5M
Connor, Clark & Lunn Investment Management Ltd. 0.06% Reduce -4.4% 166,780 $19.5M
Massachusetts Financial Services Co. 0.01% Reduce -3.5% 163,413 $19.1M
New York State Common Retirement Fund 0.02% Reduce -0.3% 161,975 $18.9M
Millennium Management 0.01% Add +473.6% 147,159 $17.2M
Franklin Resources Inc. 0.00% Reduce -8.6% 142,465 $16.6M
Bank of America Corp. 0.00% Add +12.4% 122,378 $14.3M
Natixis Advisors, LLC 0.02% Add +39.0% 115,508 $13.5M
Barclays PLC 0.00% Add +17.9% 111,320 $13.0M
Goldman Sachs Group Inc. 0.00% Reduce -40.7% 104,933 $12.2M
Nuveen, LLC 0.00% Reduce -0.9% 103,986 $12.1M
UBS Group AG 0.00% Add +104.2% 103,643 $12.1M
Susquehanna International Group, LLP 0.02% Add +51.3% 99,245 $11.6M
Ceredex Value Advisors LLC 0.27% Reduce -11.7% 98,000 $11.4M
Loomis Sayles & Co. L P 0.01% Add +6.1% 86,810 $10.1M
Capital International Investors 0.00% Add +31.6% 85,681 $10.0M
Royal Bank of Canada 0.00% Add +288.5% 85,278 $9.9M
Allspring Global Investments Holdings, LLC 0.02% Add +15.9% 80,484 $9.7M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Reduce -43.3% 80,806 $9.4M
Motley Fool Wealth Management, LLC 0.61% Add +14.4% 77,024 $9.0M
Wells Fargo & Company 0.00% Add +7.6% 74,786 $8.7M
Freestone Grove Partners LP 0.07% Add +1857.0% 74,638 $8.7M
Engine No. 1 LLC 9.74% New 74,000 $8.6M
Evergreen Capital Management LLC 0.19% New 67,516 $7.9M
T. Rowe Price Investment Management, Inc. 0.00% Reduce -37.3% 65,170 $7.6M
Swiss National Bank 0.00% Add +2.2% 61,157 $7.1M
California Public Employees Retirement System 0.00% Add +7.9% 57,958 $6.8M
Pier Capital, LLC 1.04% Add +16.4% 57,082 $6.7M
JPMorgan Chase & Co. 0.00% Reduce -48.5% 56,976 $6.6M
Walleye Capital LLC 0.06% New 54,131 $6.3M
Rhumbline Advisers 0.00% Reduce -1.4% 50,360 $5.9M
Hotchkis & Wiley Capital Management LLC 0.02% New 47,145 $5.5M
Victory Capital Management Inc. 0.00% Add +91.9% 45,102 $5.3M
Phocas Financial Corp. 0.67% Add +2.1% 44,090 $5.1M
Advisors Asset Management, Inc. 0.08% Add +6.4% 40,681 $4.7M
Legal & General Group Plc 0.00% Add +1.2% 38,426 $4.5M
D.A. Davidson & Co. 0.03% Reduce -3.5% 37,774 $4.4M
Allianz Asset Management GmbH 0.00% Reduce -71.0% 33,213 $3.9M
California State Teachers Retirement System 0.00% Add +3.2% 29,871 $3.5M
T. Rowe Price Associates Inc. 0.00% Reduce -72.3% 28,788 $3.4M
Covalis Capital LLP 0.38% New 28,036 $3.3M
Segall Bryant & Hamill, LLC 0.04% Reduce -5.8% 27,793 $3.2M
Balyasny Asset Management L.P. 0.01% Reduce -43.1% 27,489 $3.2M
Deutsche Bank AG 0.00% Add +34.8% 26,886 $3.1M
Seven Six Capital Management, LLC 2.75% Add +16.5% 23,875 $2.8M
Federated Hermes, Inc. 0.00% Add +12.2% 23,459 $2.7M
Salem Investment Counselors Inc. 0.07% Add +0.4% 21,721 $2.5M
Motley Fool Asset Management LLC 0.10% Add +19.8% 21,604 $2.5M
Envestnet Asset Management Inc. 0.00% Add +2.8% 21,059 $2.5M
Tema ETFs LLC 0.20% Reduce -47.7% 20,183 $2.4M
NEOS Investment Management LLC 0.02% Reduce -47.7% 20,183 $2.4M
Intrinsic Edge Capital Management LLC 0.35% New 20,000 $2.3M
Ellsworth Advisors, LLC 0.49% New 18,097 $2.3M
Boston Partners 0.00% Reduce -7.3% 19,071 $2.2M
MetLife Investment Management, LLC 0.01% Reduce -2.2% 19,053 $2.2M
Quantbot Technologies LP 0.06% Add +212.3% 18,398 $2.1M
State of New Jersey Common Pension Fund D 0.01% Add +3.7% 17,944 $2.1M
State of Wisconsin Investment Board 0.00% Reduce -27.3% 16,637 $1.9M
Manufacturers Life Insurance Company, The 0.00% Reduce -1.5% 16,194 $1.9M
CANADA LIFE ASSURANCE Co 0.00% Reduce -4.0% 15,851 $1.8M
Evelyn Partners Investment Management LLP 0.05% Reduce -35.3% 14,065 $1.6M
Janus Henderson Group PLC 0.00% No change 13,499 $1.6M
Ostrum Asset Management 0.07% Add +73.3% 13,470 $1.6M
Wolverine Asset Management LLC 0.11% Reduce -1.1% 13,170 $1.5M
LPL Financial LLC 0.00% Add +31.8% 12,716 $1.5M
Intech Investment Management LLC 0.01% Reduce -8.6% 12,408 $1.4M
Sterling Capital Management LLC 0.02% Add +2.4% 11,963 $1.4M
Squarepoint Ops LLC 0.00% Reduce -87.1% 11,877 $1.4M
Pathstone Holdings, LLC 0.01% Reduce -36.0% 11,812 $1.4M
Jacobs Levy Equity Management, Inc. 0.01% Reduce -55.9% 11,789 $1.4M
Hunter Associates Investment Management LLC 0.19% Add +3.8% 11,677 $1.4M
Verition Fund Management LLC 0.01% Add +17.9% 11,642 $1.4M
Federation des caisses Desjardins du Quebec 0.01% Reduce -33.1% 11,207 $1.3M
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% Reduce -7.3% 10,983 $1.3M
Russell Investments Group, Ltd. 0.00% Reduce -55.5% 10,974 $1.3M
Twinbeech Capital LP 0.05% New 10,054 $1.2M
Dark Forest Capital Management LP 0.04% Reduce -28.3% 10,003 $1.2M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +11.4% 9,784 $1.1M
Walleye Trading LLC 0.02% Add +40629.2% 9,775 $1.1M
Arizona State Retirement System 0.01% Add +2.2% 9,337 $1.1M
BNP Paribas Financial Markets 0.00% Add +90.0% 9,162 $1.1M
Police & Firemen's Retirement System of New Jersey 0.01% Add +23.0% 9,055 $1.1M
Creative Planning 0.00% Add +10.6% 8,399 $980K
SG Americas Securities, LLC 0.00% Add +397.5% 8,373 $977K
Holocene Advisors, LP 0.00% Reduce -86.9% 8,106 $946K
Lido Advisors, LLC 0.00% Add +82.8% 8,005 $934K
Caption Management, LLC 0.06% New 7,849 $916K
Central Pacific Bank - Trust Division 0.11% No change 7,700 $898K
Handelsbanken Fonder AB 0.00% No change 7,550 $881K
CM Management, LLC 0.73% New 7,500 $875K
Corient Private Wealth LP 0.00% Add +29.8% 7,300 $852K
Harris Associates (Oakmark Funds) 0.00% Add +0.3% 7,275 $849K
Argent Capital Management LLC 0.02% Add +0.1% 7,049 $822K
Lazard Asset Management LLC 0.00% Reduce -36.8% 6,667 $778K
Edgestream Partners, L.P. 0.02% New 6,659 $777K
Cetera Investment Advisers 0.00% Add +226.5% 6,614 $772K
KLP Kapitalforvaltning As 0.00% No change 6,523 $761K
Gardner Russo & Quinn 0.01% Reduce -23.7% 6,450 $752K
Banco Bilbao Vizcaya Argentaria, S.A. 0.01% Add +56.1% 6,456 $743K
Blue Zone Wealth Advisors, LLC 0.15% Reduce -0.6% 6,315 $737K
Stifel Financial Corp. 0.00% Reduce -5.8% 6,207 $723K
Sei Investments Co. 0.00% Add +27.6% 6,199 $723K
Savant Capital, LLC 0.00% New 6,052 $706K
Voya Investment Management LLC 0.00% Reduce -33.5% 5,941 $693K
Ensign Peak Advisors, Inc 0.00% Reduce -30.8% 5,841 $681K
Welch Group, LLC 0.03% Reduce -6.0% 5,800 $677K
Los Angeles Capital Management LLC 0.00% No change 5,776 $674K
Danske Bank A/S 0.00% Reduce -52.1% 5,654 $660K
ProShare Advisors LLC 0.00% Reduce -16.6% 5,592 $652K
Algert Global LLC 0.01% Reduce -38.0% 5,410 $631K
Raymond James Financial Inc. 0.00% Add +61.4% 5,318 $620K
Citigroup Inc. 0.00% Reduce -68.5% 5,152 $601K
A&I Financial Services, LLC 0.28% Reduce -0.8% 4,795 $577K
SageView Advisory Group, LLC 0.02% No change 4,800 $560K
Kovack Advisors, Inc. 0.05% Add +22.5% 4,699 $548K
State Board of Administration of Florida Retirement System 0.00% Reduce -0.5% 4,531 $529K
Commonwealth Equity Services, LLC 0.00% Add +154.7% 4,485 $523K
Vontobel Holding Ltd. 0.00% Reduce -4.1% 4,314 $503K
Cornerstone Investment Partners, LLC 0.02% Add +2.3% 4,310 $503K
Pictet Asset Management Holding SA 0.00% Reduce -9.1% 4,262 $497K
Engineers Gate Manager LP 0.01% New 4,246 $495K
Teacher Retirement System of Texas 0.00% Reduce -13.1% 4,129 $482K
Prudential Financial Inc. 0.00% Reduce -71.6% 4,128 $482K
Ilex Capital Partners (UK) LLP 0.02% New 4,122 $481K
Harvey Capital Management Inc. 0.09% Reduce -79.6% 3,800 $443K
Shufro Rose & Co. LLC 0.04% New 3,800 $443K
Vanguard Personalized Indexing Management, LLC 0.00% Reduce -4.5% 3,779 $441K
Empowered Funds, LLC 0.00% Add +11.9% 3,752 $438K
Public Employees Retirement Association of Colorado 0.00% No change 3,707 $432K
AQR Capital Management 0.00% Reduce -55.5% 3,695 $431K
RBF Capital, LLC 0.02% No change 3,574 $417K
Osaic Holdings, Inc. 0.00% Reduce -3.1% 3,577 $411K
CIBC Bancorp USA Inc. 0.00% — 3,485 $407K
HighTower Advisors, LLC 0.00% Add +0.9% 3,404 $397K
Yorktown Management & Research Co Inc 0.32% No change 3,400 $397K
US Bancorp \de 0.00% Add +46.8% 3,397 $396K
Quadrature Capital Ltd 0.00% Reduce -58.1% 3,315 $387K
DAVENPORT & Co LLC 0.00% No change 3,205 $374K
MAI Capital Management 0.00% Reduce -0.1% 3,200 $373K
Sanctuary Advisors, LLC 0.00% Reduce -0.8% 3,190 $372K
Virtu Financial LLC 0.02% New 3,108 $363K
Janney Montgomery Scott LLC 0.00% New 3,102 $362K
Gotham Asset Management 0.00% Reduce -77.0% 3,061 $357K
F/m Investments LLC 0.01% Reduce -2.5% 3,023 $353K
Summit Global Investments 0.02% Reduce -50.4% 2,964 $346K
Armistice Capital, LLC 0.01% New 2,837 $331K
Infrastructure Capital Advisors, LLC 0.06% Reduce -12.4% 2,319 $329K
Two Sigma Advisers, LP 0.00% Reduce -66.8% 2,772 $323K
Headlands Technologies LLC 0.03% Add +1450.0% 2,759 $322K
Jump Financial, LLC 0.00% Add +14.4% 2,738 $319K
Ameritas Investment Partners, Inc. 0.01% Reduce -16.9% 2,732 $319K
Xponance LLC 0.00% Add +0.7% 2,666 $311K
Wealthspire Advisors, LLC 0.00% Reduce -2.6% 2,642 $308K
Jacobi Capital Management LLC 0.02% Reduce -5.8% 2,566 $299K
Principal Financial Group Inc. 0.00% Add +7.7% 2,503 $292K
Wolverine Trading, LLC 0.01% New 2,444 $278K
Johnson Investment Counsel Inc. 0.00% No change 2,215 $258K
CIBC Private Wealth Group LLC 0.00% Add +25.5% 2,191 $256K
Nisa Investment Advisors, LLC 0.00% Reduce -2.4% 2,173 $254K
Whalen Wealth Management Inc. 0.14% New 2,112 $246K
Avidian Wealth Enterprises, LLC 0.01% New 2,090 $244K
Mackenzie Financial Corp. 0.00% Reduce -54.4% 2,079 $243K
Midwest Financial Group LLC 0.12% Add +15.3% 2,078 $242K
Whittier Trust Co. 0.00% No change 1,878 $241K
Blueshift Asset Management, LLC 0.07% New 2,057 $240K
Qsemble Capital Management, LP 0.02% Reduce -7.5% 2,021 $236K
Quantinno Capital Management LP 0.00% Add +19.3% 2,006 $234K
Shay Capital LLC 0.04% New 2,000 $233K
State of Alaska, Department of Revenue 0.00% New 1,999 $233K
Stephens Inc. 0.00% New 1,956 $228K
Cambridge Investment Research Advisors, Inc. 0.00% Add +3.1% 1,855 $216K
Neuberger Berman Group LLC 0.00% Reduce -3.8% 1,762 $206K
STRS Ohio 0.00% Reduce -75.0% 1,600 $187K
Northwestern Mutual Wealth Management Co. 0.00% Add +0.6% 1,536 $179K
McIlrath & Eck, LLC 0.02% New 1,434 $167K
MassMutual Private Wealth & Trust, FSB 0.00% No change 1,425 $166K
DekaBank Deutsche Girozentrale 0.00% No change 1,431 $162K
Group One Trading LLC 0.00% Reduce -24.2% 1,333 $156K
Tower Research Capital LLC (TRC) 0.00% Reduce -75.1% 1,124 $131K
Comerica Bank 0.00% Add +22.4% 980 $114K
Amalgamated Bank 0.00% No change 974 $114K
CI Investments Inc. 0.00% Reduce -10.3% 962 $112K
KBC Group NV 0.00% No change 860 $100K
CX Institutional 0.00% New 733 $86K
Rockefeller Capital Management L.P. 0.00% New 661 $77K
Shell Asset Management Co. 0.01% Reduce -61.4% 604 $70K
Gleason Group, Inc. 0.01% Add +0.6% 524 $61K
Truvestments Capital LLC 0.01% Reduce -0.8% 494 $58K
Cwm, LLC 0.00% Reduce -27.9% 488 $57K
National Bank of Canada 0.00% New 476 $55K
Arax Advisory Partners 0.00% Reduce -28.3% 471 $55K
Kelleher Financial Advisors 0.01% New 460 $54K
Bokf, NA 0.00% New 444 $52K
AlphaQuest LLC 0.00% Add +20.3% 438 $51K
NewEdge Advisors, LLC 0.00% Add +628.8% 430 $50K
PNC Financial Services Group, Inc. 0.00% Reduce -33.2% 390 $45K
State of Wyoming 0.01% Reduce -82.3% 382 $45K
Caitong International Asset Management Co., Ltd 0.03% New 345 $40K
Jones Financial Companies LLLP 0.00% Reduce -81.8% 322 $38K
GAMMA Investing LLC 0.00% Add +4.3% 314 $37K
Advisory Services Network, LLC 0.00% New 301 $35K
University of Texas/Texas Am Investment Management Co. 0.00% No change 270 $31K
Aster Capital Management (DIFC) Ltd 0.02% New 262 $31K
Nomura Asset Management Co. Ltd. 0.00% No change 257 $30K
Evelyn Partners Investment Management Services Ltd 0.00% Reduce -68.2% 255 $30K
Harbor Capital Advisors, Inc. 0.00% Add +53.1% 248 $29K
Smartleaf Asset Management LLC 0.00% Add +21.4% 221 $25K
Colonial Trust Co / SC 0.00% Add +0.5% 206 $24K
Covestor Ltd 0.01% Reduce -2.4% 201 $24K
Larson Financial Group LLC 0.00% Add +15.8% 176 $21K
EverSource Wealth Advisors, LLC 0.00% Add +138.2% 162 $19K
Community Bank, N.A. 0.00% New 144 $17K
Quadrant Capital Group LLC 0.00% New 138 $16K
First Horizon Corp. 0.00% — 123 $14K
Princeton Global Asset Management LLC 0.00% Add +0.9% 108 $13K
Signaturefd, LLC 0.00% Reduce -20.7% 107 $12K
Farther Finance Advisors, LLC 0.00% Reduce -57.9% 107 $12K
Orion Capital Management LLC 0.00% New 89 $10K
Rise Advisors, LLC 0.00% No change 78 $9K
Optiver Holding B.V. 0.00% Reduce -34.3% 69 $8K
Clearstead Advisors, LLC 0.00% No change 55 $6K
Hemington Wealth Management 0.00% Reduce -3.4% 57 $6K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 51 $6K
Harbour Investments, Inc. 0.00% No change 44 $5K
Root Financial Partners, LLC 0.00% New 42 $5K
Washington Trust Advisors, Inc. 0.00% Add +81.8% 40 $5K
Physician Wealth Advisors, Inc. 0.00% No change 36 $4K
Hantz Financial Services, Inc. 0.00% Reduce -11.6% 38 $4K
Rothschild Investment LLC 0.00% Reduce -28.3% 33 $4K
ORG Partners LLC 0.00% No change 32 $4K
SBI Securities Co., Ltd. 0.00% Add +287.5% 31 $4K
Pandora Wealth, Inc. 0.00% No change 29 $3K
Parallel Advisors, LLC 0.00% Reduce -93.8% 29 $3K
Hager Investment Management Services, LLC 0.00% No change 27 $3K
Bessemer Group Inc. 0.00% Add +140.0% 24 $3K
JFS Wealth Advisors, LLC 0.00% Reduce -4.0% 24 $3K
Bfsg, LLC 0.00% No change 22 $3K
Clayton Financial Group LLC 0.00% New 19 $2K
Steward Partners Investment Advisory, LLC 0.00% Reduce -24.0% 19 $2K
Golden State Wealth Management, LLC 0.00% New 15 $2K
Bellevue Asset Management, LLC 0.00% Add +87.5% 15 $2K
Allworth Financial LP 0.00% Reduce -62.2% 14 $2K
Fortitude Family Office, LLC 0.00% Reduce -25.0% 12 $1K
Assetmark, Inc. 0.00% Reduce -7.7% 12 $1K
JPL Wealth Management, LLC 0.00% New 11 $1K
Essential Partners LLC 0.00% Reduce -18.2% 9 $1K
Sunbelt Securities, Inc. 0.00% New 9 $1K
Avion Wealth 0.00% No change 13 $1K
Capital Analysts, LLC 0.00% No change 11 $1K
Hughes Financial Services, LLC 0.00% No change 6 $843
Parkside Financial Bank & Trust 0.00% No change 7 $817
DiNuzzo Private Wealth, Inc. 0.00% No change 11 $814
Global Retirement Partners, LLC 0.00% No change 7 $767
Bell Investment Advisors, Inc 0.00% Reduce -55.6% 4 $467
SJS Investment Consulting Inc. 0.00% No change 4 $467
Fifth Third Bancorp 0.00% New 4 $467
Halbert Hargrove Global Advisors, LLC 0.00% New 4 $467
WealthCollab, LLC 0.00% No change 3 $350
Kilter Group LLC 0.00% Reduce -66.7% 2 $234
IFP Advisors, Inc 0.00% Reduce -94.7% 1 $117
True Wealth Design, LLC 0.00% No change 1 $117
Rialto Wealth Management, LLC 0.00% Reduce -50.0% 1 $117
HFM Investment Advisors, LLC 0.00% No change 1 $117
Cloud Capital Management, LLC 0.00% New 1 $0

"% of holder's portfolio" is HRI's weight in each manager's 13F, not the share of Herc Holdings Inc. the manager owns.