Key Points
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Boone Capital Management purchased 212,856 shares of HealthEquity; trade value of $19.5 million as reported in the SEC filing.
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The position represents 6.12% of 13F reportable assets under management.
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The new holding places HealthEquity outside the fund’s top five positions by value.
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What happened
According to a U.S. Securities and Exchange Commission (SEC) filing dated February 17, 2026, Boone Capital Management established a new position in HealthEquity by purchasing 212,856 shares. The reported value of the transaction was $19,499,738, as disclosed in the filing.
This new stake brought the fund’s quarter-end holding in HealthEquity to 212,856 shares, valued at $19,499,738, reflecting the impact of both the purchase and any price movement during the period.
What else to know
This new position brings HealthEquity to 6.12% of BOONE Capital Management’s $318.61 million in reportable U.S. equity assets as of December 31, 2025.
Top holdings after the filing:
- NYSE: MDT: $41.19 million (13% of AUM)
- NASDAQ: MIRM: $33.27 million (10.4% of AUM)
- NASDAQ: IONS: $33.05 million (10.4% of AUM)
- NASDAQ: CI: $26.55 million (8.3% of AUM)
- NASDAQ: BMRN: $24.48 million (7.7% of AUM)
As of February 17, 2026, shares of HealthEquity were priced at $74.36, down 34.3% over the past year, underperforming the S&P 500 by 45.93 percentage points.
Company Overview
| Metric | Value |
|---|---|
| Price (as of market close 2/17/26) | $74.36 |
| Market Capitalization | $6.43 billion |
| Revenue (TTM) | $1.29 billion |
| Net Income (TTM) | $191.83 million |
Company Snapshot
- HealthEquity offers cloud-based platforms for health savings accounts (HSAs), flexible spending accounts, and health reimbursement arrangements.
- It serves employers, benefits brokers, health plans, and individual consumers across the United States.
- The company provides technology-enabled healthcare financial services to streamline account management and payment solutions.
HealthEquity operates as a leading provider of technology-enabled healthcare savings solutions, leveraging a cloud-based platform to deliver value to employers and individual consumers. Its integrated approach and broad client network position the company as a key player in the healthcare financial services sector.
What this transaction means for investors
Boone Capital Management’s purchase of HealthEquity stock in the fourth quarter of 2025 is a noteworthy event. The hedge fund primarily invests in healthcare companies, and its new stake in HealthEquity suggests it’s bullish on the stock.
Since Boone Capital’s Q4 investment, HealthEquity shar