Hub Group Inc. Class AHUBG

13F holders, Q4 2025 (December 31)
286holders +3
42new positions
43sold out
5famous investors
$42.61avg. 13F price*

At the end of Q4 2025, 286 institutions reported holding Hub Group Inc. Class A (HUBG) in their 13F filings, up 3 from Q3 2025. 42 opened new positions and 43 sold out. The largest holders were BlackRock, Inc. ($395.7M), Vanguard Group Inc. ($271.7M) and Dimensional Fund Advisors LP ($174.6M). 5 famous investors held it, including Israel Englander (0.0% of Millennium Management's portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and Ken Fisher (0.0% of Fisher Asset Management's portfolio).

Company
Hub Group Inc. Class A
CUSIP
443320106
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300 Q1 2024: 252Q1 2024Q2 2024: 260Q2 2024Q3 2024: 276Q3 2024Q4 2024: 272Q4 2024Q1 2025: 269Q1 2025Q2 2025: 277Q2 2025Q3 2025: 283Q3 2025Q4 2025: 286Q4 2025Q1 2026: 281Q1 2026Q2 2026: 286Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions42$201.5M
Exits43$66.5M

All 13F filers, Q3 2025 → Q4 2025: 7,325,492 shares bought and 6,689,929 shares sold, net +635,563 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 286 holders

BlackRock, Inc. 0.01% Add +3.9% 9,285,485 $395.7M
Vanguard Group Inc. 0.00% Reduce -1.0% 6,375,852 $271.7M
Dimensional Fund Advisors LP 0.04% Add +0.9% 4,098,160 $174.6M
Capital International Investors 0.02% Add +16.9% 3,465,688 $147.7M
Wellington Management Group LLP 0.02% New 3,275,955 $139.6M
Victory Capital Management Inc. 0.08% Reduce -6.2% 3,128,577 $133.3M
State Street Corp. 0.00% Add +1.0% 2,466,866 $105.1M
Invesco Ltd. 0.01% Add +8.1% 2,118,108 $90.3M
Geode Capital Management, LLC 0.00% Reduce -0.1% 1,488,852 $63.5M
River Road Asset Management, LLC 0.62% Add +6.6% 1,320,784 $56.3M
Fuller & Thaler Asset Management, Inc. 0.16% Reduce -9.1% 1,111,492 $47.4M
Deprince Race & Zollo Inc. 0.84% Add +3.3% 1,029,791 $43.9M
Cramer Rosenthal McGlynn LLC 2.58% Add +9.3% 940,939 $40.1M
Morgan Stanley 0.00% Add +7.4% 907,794 $38.7M
Nomura Asset Management International Inc. 0.06% — 859,405 $36.6M
HighTower Advisors, LLC 0.04% Reduce -0.3% 827,262 $35.2M
Charles Schwab Investment Management Inc. 0.01% Add +2.6% 756,618 $32.2M
Bank of America Corp. 0.00% Add +3.3% 749,106 $31.9M
Broad Bay Capital Management, LP 3.48% New 714,000 $30.4M
Schonfeld Strategic Advisors LLC 0.15% Add +72.4% 709,273 $30.2M
American Century Companies Inc. 0.01% Reduce -20.2% 668,784 $28.5M
Fisher Asset Management 0.01% Reduce -8.0% 667,510 $28.4M
UBS Group AG 0.01% Reduce -20.8% 637,401 $27.2M
William Blair Investment Management, LLC 0.07% Reduce -9.4% 625,894 $26.7M
Segall Bryant & Hamill, LLC 0.35% Add +5.2% 614,745 $26.2M
Millennium Management 0.02% Reduce -47.9% 593,000 $25.3M
Bank of New York Mellon Corp 0.00% Add +3.6% 560,324 $23.9M
Northern Trust Corp. 0.00% Reduce -5.3% 560,170 $23.9M
Royce & Associates LP 0.23% Add +27.3% 525,543 $22.4M
Citadel Advisors 0.01% Reduce -26.9% 458,256 $19.5M
Two Sigma Investments, LP 0.03% Reduce -3.5% 420,906 $17.9M
FMR LLC 0.00% Add +1.2% 407,795 $17.4M
Stephens Investment Management Group LLC 0.18% Add +6.5% 331,319 $14.1M
Davidson Kempner Capital Management LP 0.28% Add +62.5% 325,000 $13.8M
VELA Investment Management, LLC 3.67% Add +0.5% 316,637 $13.5M
Russell Investments Group, Ltd. 0.01% Add +37.8% 295,775 $12.6M
Principal Financial Group Inc. 0.01% Reduce -1.4% 288,687 $12.3M
Goldman Sachs Group Inc. 0.00% Add +10.6% 252,821 $10.8M
Interval Partners, LP 0.24% Reduce -49.6% 237,694 $10.1M
Mairs & Power Inc. 0.10% Reduce -7.8% 236,036 $10.1M
Public Sector Pension Investment Board 0.03% Reduce -11.4% 209,623 $8.9M
AQR Capital Management 0.00% Reduce -5.4% 175,243 $7.5M
Rhumbline Advisers 0.01% Reduce -6.4% 174,426 $7.4M
Raymond James Financial Inc. 0.00% Reduce -4.0% 171,896 $7.3M
Ameriprise Financial Inc. 0.00% Reduce -3.3% 170,936 $7.3M
Nuveen, LLC 0.00% Reduce -62.3% 163,275 $7.0M
Two Sigma Advisers, LP 0.01% Reduce -33.3% 160,500 $6.8M
Legal & General Group Plc 0.00% Reduce -1.8% 157,839 $6.7M
Balyasny Asset Management L.P. 0.01% Reduce -69.1% 151,729 $6.5M
Jacobs Levy Equity Management, Inc. 0.02% Reduce -7.2% 150,803 $6.4M
Teacher Retirement System of Texas 0.02% Reduce -0.1% 139,378 $5.9M
Hallstatt Advisors L.P. 4.25% — 133,823 $5.7M
Swiss National Bank 0.00% Add +1.7% 119,600 $5.1M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% Add +1.9% 118,750 $5.1M
Barclays PLC 0.00% Reduce -0.7% 115,629 $4.9M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% Add +48899.1% 113,678 $4.8M
Envestnet Asset Management Inc. 0.00% Add +3.9% 110,022 $4.7M
Arrowstreet Capital, Limited Partnership 0.00% Reduce -9.9% 109,396 $4.7M
SummitTX Capital, L.P. 0.14% New 109,156 $4.7M
Castleark Management LLC 0.13% New 104,810 $4.5M
Qube Research & Technologies Ltd 0.01% Reduce -80.1% 104,203 $4.4M
First Trust Advisors LP 0.00% Reduce -78.3% 100,122 $4.3M
Voloridge Investment Management, LLC 0.01% Reduce -66.6% 95,661 $4.1M
New York State Common Retirement Fund 0.01% Add +3.6% 90,744 $3.9M
Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% Add +130.9% 86,347 $3.7M
Baird Financial Group, Inc. 0.01% Reduce -3.0% 86,276 $3.7M
Boothbay Fund Management, LLC 0.09% Reduce -23.8% 82,480 $3.5M
Wells Fargo & Company 0.00% Add +39.0% 81,938 $3.5M
Creative Planning 0.00% Add +137.4% 79,924 $3.4M
Pinnbrook Capital Management LP 0.88% New 79,491 $3.4M
JPMorgan Chase & Co. 0.00% Reduce -52.3% 79,459 $3.4M
SG Americas Securities, LLC 0.00% Add +148.3% 75,985 $3.2M
Polar Asset Management Partners Inc. 0.08% New 75,600 $3.2M
Bessemer Group Inc. 0.00% Add +26751.1% 75,183 $3.2M
Allianz Asset Management GmbH 0.00% Add +7.8% 74,792 $3.2M
Leuthold Group, LLC 0.34% New 74,238 $3.2M
Alliancebernstein L.P. 0.00% Add +15.9% 71,805 $3.1M
Verition Fund Management LLC 0.02% Reduce -33.3% 70,676 $3.0M
Boston Partners 0.00% New 68,484 $2.9M
Deutsche Bank AG 0.00% Add +3.4% 64,421 $2.7M
Rockefeller Capital Management L.P. 0.00% Add +121.2% 64,261 $2.7M
Comerica Bank 0.01% Add +16.7% 62,974 $2.7M
Sei Investments Co. 0.00% Add +27.3% 61,968 $2.6M
State of New Jersey Common Pension Fund D 0.01% Add +1.8% 61,466 $2.6M
T. Rowe Price Associates Inc. 0.00% Add +3.3% 60,829 $2.6M
Franklin Resources Inc. 0.00% Add +8.9% 59,344 $2.5M
New York State Teachers Retirement System 0.00% Reduce -11.8% 57,446 $2.4M
Prudential Financial Inc. 0.00% Reduce -6.9% 57,102 $2.4M
California State Teachers Retirement System 0.00% Reduce -0.1% 56,762 $2.4M
CANADA LIFE ASSURANCE Co 0.00% Reduce -1.2% 52,596 $2.2M
Cardinal Capital Management 0.30% Add +1.0% 52,438 $2.2M
HRT Financial LP 0.01% Reduce -48.0% 50,647 $2.2M
VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% Reduce -10.1% 45,314 $1.9M
Cambiar Investors LLC 0.09% No change 44,815 $1.9M
Citigroup Inc. 0.00% Reduce -34.5% 44,451 $1.9M
Healthcare of Ontario Pension Plan Trust Fund 0.00% New 44,310 $1.9M
Thrivent Financial for Lutherans 0.00% Reduce -4.8% 41,627 $1.8M
PDT Partners, LLC 0.11% No change 39,580 $1.7M
State Board of Administration of Florida Retirement System 0.00% Reduce -11.4% 39,148 $1.7M
State of Alaska, Department of Revenue 0.02% Add +1.4% 34,360 $1.5M
MetLife Investment Management, LLC 0.01% Reduce -6.0% 33,474 $1.4M
Forest Hill Capital, LLC 0.65% No change 30,000 $1.3M
Manatuck Hill Partners, LLC 0.45% New 30,000 $1.3M
Illinois Municipal Retirement Fund 0.02% Reduce -10.8% 29,177 $1.2M
Credit Agricole S A 0.00% New 28,400 $1.2M
Manufacturers Life Insurance Company, The 0.00% Reduce -2.9% 28,215 $1.2M
Louisiana State Employees Retirement System 0.02% Reduce -0.4% 27,800 $1.2M
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -0.1% 27,755 $1.2M
RBF Capital, LLC 0.05% No change 27,382 $1.2M
Quantinno Capital Management LP 0.00% Add +12.3% 25,718 $1.1M
Janus Henderson Group PLC 0.00% No change 25,450 $1.1M
BNP Paribas Financial Markets 0.00% Reduce -20.5% 25,028 $1.1M
Pinnacle Financial Partners, Inc. 0.01% — 24,995 $1.1M
Vestmark Advisory Solutions, Inc. 0.01% Add +20.2% 24,154 $1.0M
Nomura Holdings Inc. 0.00% Add +79.0% 23,787 $1.0M
Holocene Advisors, LP 0.00% Add +37.9% 23,504 $1.0M
Walleye Capital LLC 0.01% Reduce -91.2% 22,810 $972K
Hudson Bay Capital Management LP 0.01% Reduce -84.0% 22,499 $959K
US Bancorp \de 0.00% Reduce -0.4% 21,458 $914K
VestGen Advisors, LLC 0.04% New 21,236 $905K
Intech Investment Management LLC 0.01% Reduce -12.2% 20,790 $886K
Yousif Capital Management, LLC 0.01% Reduce -12.1% 18,308 $842K
HSBC Holdings PLC 0.00% Reduce -27.1% 19,150 $817K
Amica Mutual Insurance Co. 0.07% No change 18,312 $780K
Vident Advisory, LLC 0.01% Reduce -1.4% 17,795 $758K
Amalgamated Bank 0.01% Reduce -0.0% 17,593 $750K
O'shaughnessy Asset Management, LLC 0.00% Reduce -26.3% 17,046 $726K
Arizona State Retirement System 0.00% Reduce -6.3% 16,802 $716K
Illumine Investment Management, LLC 0.52% Add +2.2% 16,785 $715K
Susquehanna International Group, LLP 0.00% Reduce -68.4% 16,685 $711K
Police & Firemen's Retirement System of New Jersey 0.01% No change 16,551 $705K
Amundi 0.00% Add +33.6% 16,415 $699K
Jefferies Financial Group Inc. 0.01% New 16,321 $695K
Cerity Partners LLC 0.00% Add +20.1% 16,112 $687K
Keybank National Association 0.00% Add +1.1% 15,889 $677K
Teachers Retirement System of the State of Kentucky 0.00% Reduce -11.3% 15,484 $660K
State of Tennessee, Department of Treasury 0.00% Reduce -7.3% 13,862 $660K
Handelsbanken Fonder AB 0.00% No change 15,388 $656K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% Reduce -2.9% 14,997 $639K
Horizon Investments, LLC 0.01% Reduce -5.4% 14,610 $623K
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna 0.23% New 14,000 $597K
Pathstone Holdings, LLC 0.00% Add +73.9% 13,990 $596K
Oregon Public Employees Retirement Fund 0.01% Add +1.5% 13,878 $591K
Blair William & Co. 0.00% Reduce -5.7% 13,205 $563K
KLP Kapitalforvaltning As 0.00% Reduce -36.7% 13,100 $558K
Hennion & Walsh Asset Management, Inc. 0.02% Reduce -1.1% 12,989 $553K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +8.4% 11,678 $498K
ProShare Advisors LLC 0.00% Add +3.1% 11,631 $496K
Moody National Bank Trust Division 0.05% Add +29.1% 11,596 $494K
Tidal Investments LLC 0.00% Reduce -2.4% 11,385 $485K
Entropy Technologies, LP 0.03% Reduce -62.0% 11,340 $483K
Neuberger Berman Group LLC 0.00% Add +11.5% 11,184 $477K
NewEdge Wealth, LLC 0.01% Add +12.8% 11,178 $476K
Envestnet Portfolio Solutions, Inc. 0.00% Reduce -0.9% 11,154 $475K
Inspire Investing, LLC 0.04% Reduce -16.8% 10,972 $468K
First Citizens Bank & Trust Co. 0.01% Add +0.9% 10,865 $463K
Voya Investment Management LLC 0.00% Reduce -2.0% 10,529 $449K
Cwm, LLC 0.00% Add +0.3% 10,115 $431K
Pictet Asset Management Holding SA 0.00% Add +13.7% 9,456 $403K
Greenwood Capital Associates LLC 0.04% Add +5.7% 9,398 $400K
AlphaQuest LLC 0.02% Reduce -40.4% 9,310 $397K
Wealth Enhancement Advisory Services, LLC 0.00% Add +1.1% 8,608 $390K
Banque Pictet & Cie SA 0.00% Reduce -19.1% 8,858 $377K
Maryland State Retirement & Pension System 0.01% Add +1.1% 8,815 $376K
Sequoia Financial Advisors, LLC 0.00% New 8,610 $367K
PNC Financial Services Group, Inc. 0.00% Add +11.1% 8,440 $360K
Vanguard Personalized Indexing Management, LLC 0.00% Reduce -0.1% 8,389 $357K
Cherokee Insurance Co 0.14% No change 8,000 $341K
Corient Private Wealth LP 0.00% Add +9.6% 7,666 $328K
Canada Pension Plan Investment Board 0.00% Add +3650.0% 7,500 $320K
Profund Advisors LLC 0.01% New 7,400 $315K
Jump Financial, LLC 0.00% New 7,330 $312K
Guggenheim Capital LLC 0.00% New 7,286 $310K
Praxis Investment Management Inc. 0.02% No change 6,960 $297K
Mutual of America Capital Management LLC 0.00% Add +1.9% 6,924 $295K
Renaissance Technologies 0.00% Reduce -76.8% 6,772 $289K
Syntegra Private Wealth Group, LLC 0.03% No change 6,618 $282K
Highland Capital Management, LLC 0.01% Reduce -4.2% 6,406 $273K
NewEdge Advisors, LLC 0.00% Add +341.0% 6,214 $265K
Baron Wealth Management LLC 0.08% Reduce -2.6% 6,170 $263K
Quadrant Capital Group LLC 0.01% Reduce -0.2% 6,069 $259K
Arax Advisory Partners 0.01% Reduce -42.1% 6,035 $257K
iSAM Funds (UK) Ltd 0.09% Reduce -69.6% 5,930 $253K
CIBC Asset Management Inc 0.00% Add +1.6% 5,904 $252K
Mercer Global Advisors Inc. 0.00% New 5,850 $249K
Bank of Montreal 0.00% New 5,601 $239K
Brevan Howard Capital Management LP 0.00% Reduce -21.8% 5,509 $235K
Evergreen Capital Management LLC 0.01% New 5,347 $228K
Two Sigma Securities, LLC 0.03% New 5,163 $220K
EP Wealth Advisors, LLC 0.00% — 5,100 $217K
Oppenheimer Asset Management Inc. 0.00% Reduce -56.8% 5,091 $217K
Legacy Wealth Asset Management, LLC 0.05% New 5,062 $216K
Ameritas Investment Partners, Inc. 0.01% Reduce -6.1% 4,853 $207K
Mariner, LLC 0.00% New 4,851 $206K
Ensign Peak Advisors, Inc 0.00% Reduce -66.6% 4,781 $204K
Royal Bank of Canada 0.00% Reduce -98.7% 4,740 $202K
Xponance LLC 0.00% New 4,732 $202K
Public Employees Retirement Association of Colorado 0.00% No change 4,092 $174K
CIBC Private Wealth Group LLC 0.00% Add +0.6% 3,777 $161K
MidFirst Bank 0.01% — 3,580 $153K
Public Employees Retirement System of Ohio 0.00% No change 3,560 $152K
Sterling Capital Management LLC 0.00% Reduce -16.7% 3,446 $147K
Nisa Investment Advisors, LLC 0.00% Add +1.9% 2,843 $121K
Vestcor Inc 0.00% No change 2,713 $116K
Tower Research Capital LLC (TRC) 0.00% Reduce -70.5% 2,689 $115K
Blue Trust, Inc. 0.00% Reduce -10.5% 2,333 $99K
Covestor Ltd 0.05% Reduce -15.3% 2,275 $97K
TD Private Client Wealth LLC 0.00% Add +157.9% 2,110 $90K
Versant Capital Management, Inc 0.01% Add +0.6% 1,962 $84K
Pinnacle Wealth Planning Services, Inc. 0.01% New 1,865 $79K
Nkcfo LLC 0.02% New 1,840 $78K
KBC Group NV 0.00% No change 1,830 $78K
Smartleaf Asset Management LLC 0.00% Add +4.9% 1,589 $69K
GAMMA Investing LLC 0.00% Add +13.9% 1,601 $68K
Group One Trading LLC 0.00% Add +558.6% 1,495 $64K
Adirondack Trust Co. 0.01% No change 1,000 $43K
Nomura Asset Management Co. Ltd. 0.00% No change 950 $40K
Torren Management, LLC 0.02% — 719 $31K
Simplex Trading, LLC 0.00% Reduce -83.6% 658 $28K
Northwestern Mutual Wealth Management Co. 0.00% Add +265.9% 644 $27K
Parallel Advisors, LLC 0.00% Add +0.8% 633 $27K
Measured Wealth Private Client Group, LLC 0.01% No change 572 $24K
Osaic Holdings, Inc. 0.00% Reduce -0.5% 567 $24K
First Horizon Corp. 0.00% Add +55.1% 563 $24K
Kestra Advisory Services, LLC 0.00% New 544 $23K
Salomon & Ludwin, LLC 0.00% Add +125.9% 454 $20K
Barrow Hanley Mewhinney & Strauss LLC 0.00% Add +11.4% 460 $20K
Huntington National Bank 0.00% Reduce -11.2% 436 $19K
MassMutual Private Wealth & Trust, FSB 0.00% Add +0.9% 430 $18K
Hantz Financial Services, Inc. 0.00% Add +165.4% 430 $18K
Fifth Third Bancorp 0.00% Add +6.8% 392 $17K
Matrix Trust Co 0.00% Reduce -1.6% 371 $16K
Harbor Capital Advisors, Inc. 0.00% Reduce -1.6% 366 $16K
EverSource Wealth Advisors, LLC 0.00% Reduce -27.1% 364 $16K
UMB Bank, n.a. 0.00% Add +10.4% 361 $15K
Larson Financial Group LLC 0.00% Add +0.0% 327 $14K
Mitsubishi UFJ Asset Management Co., Ltd. 0.00% No change 268 $11K
Allworth Financial LP 0.00% Add +6.7% 254 $11K
WealthCollab, LLC 0.00% No change 252 $11K
Los Angeles Capital Management LLC 0.00% New 286 $10K
Signaturefd, LLC 0.00% Add +32.4% 233 $10K
Bare Financial Services, Inc 0.00% Add +115.9% 231 $10K
Root Financial Partners, LLC 0.00% Add +14.1% 219 $9K
Farther Finance Advisors, LLC 0.00% Reduce -62.6% 219 $9K
Key Financial Inc 0.00% No change 172 $7K
Sound Income Strategies, LLC 0.00% New 146 $7K
Parkside Financial Bank & Trust 0.00% No change 148 $6K
Private Wealth Management Group, LLC 0.00% Reduce -14.3% 144 $6K
Rothschild Investment LLC 0.00% Reduce -32.2% 141 $6K
Essential Partners LLC 0.00% No change 137 $6K
Westside Investment Management, Inc. 0.00% Reduce -74.8% 128 $5K
Leonteq Securities AG 0.00% No change 127 $5K
Jones Financial Companies LLLP 0.00% No change 109 $5K
Colonial Trust Co / SC 0.00% No change 79 $3K
SageView Advisory Group, LLC 0.00% New 70 $3K
Brown Brothers Harriman & Co. 0.00% New 68 $3K
JFS Wealth Advisors, LLC 0.00% Add +75.0% 49 $2K
T. Rowe Price Investment Management, Inc. 0.00% Reduce -67.4% 29 $2K
Kilter Group LLC 0.00% New 43 $2K
CVA Family Office, LLC 0.00% No change 40 $2K
Farmers & Merchants Investments Inc. 0.00% Reduce -9.5% 38 $2K
Elyxium Wealth, LLC 0.00% New 35 $1K
Physician Wealth Advisors, Inc. 0.00% No change 34 $1K
Basecamp Wealth Advisors LLC 0.00% — 32 $1K
Keating Financial Advisory Services, Inc. 0.00% — 32 $1K
Vermillion & White Wealth Management Group, LLC 0.00% New 30 $1K
Aster Capital Management (DIFC) Ltd 0.00% New 30 $1K
Optima Capital LLC 0.00% New 30 $1K
Manchester Capital Management LLC 0.00% New 28 $1K
Montag A & Associates Inc. 0.00% Reduce -15.6% 27 $1K
Fortitude Family Office, LLC 0.00% No change 22 $937
IFP Advisors, Inc 0.00% No change 14 $597
DiNuzzo Private Wealth, Inc. 0.00% No change 12 $512
Ankerstar Wealth, LLC 0.00% — 11 $469
Global Retirement Partners, LLC 0.00% New 10 $426
True Wealth Design, LLC 0.00% Reduce -10.0% 9 $384
Rialto Wealth Management, LLC 0.00% Add +50.0% 9 $384
SJS Investment Consulting Inc. 0.00% No change 8 $341
Solstein Capital, LLC 0.00% New 7 $298
Bay Harbor Wealth Management, LLC 0.00% Add +40.0% 7 $298
Flagship Harbor Advisors, LLC 0.00% New 7 $298
HFM Investment Advisors, LLC 0.00% Reduce -28.6% 5 $214
Bruce G. Allen Investments, LLC 0.00% No change 5 $213
Signature Equity Partners, LLC 0.00% — 4 $172
Gilpin Wealth Management, LLC 0.00% — 4 $171
Dunhill Financial, LLC 0.00% New 1 $42

"% of holder's portfolio" is HUBG's weight in each manager's 13F, not the share of Hub Group Inc. Class A the manager owns.