Hedge Fund Boone Capital Initiated a Stake in HealthEquity. Is the Stock a Buy?

According to a U.S. Securities and Exchange Commission (SEC) filing dated February 17, 2026, Boone Capital Management established a caller presumption successful HealthEquity by purchasing 212,856 shares. The reported worth of the transaction was $19,499,738, arsenic disclosed successful the filing.

This caller involvement brought the fund’s quarter-end holding successful HealthEquity to 212,856 shares, valued astatine $19,499,738, reflecting the interaction of some the acquisition and immoderate terms question during the period.

This caller presumption brings HealthEquity to 6.12% of BOONE Capital Management’s $318.61 cardinal successful reportable U.S. equity assets arsenic of December 31, 2025.

Top holdings aft the filing:

• NYSE: MDT: $41.19 cardinal (13% of AUM)

• NASDAQ: MIRM: $33.27 cardinal (10.4% of AUM)

• NASDAQ: IONS: $33.05 cardinal (10.4% of AUM)

• NASDAQ: CI: $26.55 cardinal (8.3% of AUM)

• NASDAQ: BMRN: $24.48 cardinal (7.7% of AUM)

As of February 17, 2026, shares of HealthEquity were priced astatine $74.36, down 34.3% implicit the past year, underperforming the S&P 500 by 45.93 percent points.

• HealthEquity offers cloud-based platforms for wellness savings accounts (HSAs), flexible spending accounts, and wellness reimbursement arrangements.

• It serves employers, benefits brokers, wellness plans, and idiosyncratic consumers crossed the United States.

• The institution provides technology-enabled healthcare fiscal services to streamline relationship absorption and outgo solutions.

HealthEquity operates arsenic a starring supplier of technology-enabled healthcare savings solutions, leveraging a cloud-based level to present worth to employers and idiosyncratic consumers. Its integrated attack and wide lawsuit web presumption the institution arsenic a cardinal subordinate successful the healthcare fiscal services sector.

Boone Capital Management’s acquisition of HealthEquity banal successful the 4th fourth of 2025 is simply a noteworthy event. The hedge money chiefly invests successful healthcare companies, and its caller involvement successful HealthEquity suggests it’s bullish connected the stock.

Since Boone Capital’s Q4 investment, HealthEquity shares person dropped, hitting a 52-week debased of $72.76 connected Feb. 17. Despite this, the institution is doing well.

HealthEquity disclosed the fig of wellness savings accounts (HSAs) nether its purview grew 7% twelvemonth implicit twelvemonth to 10.6 cardinal successful its fiscal twelvemonth ended Jan. 31, 2026.  This bodes good for its fiscal 2025 full-year fiscal results, which the institution volition disclose connected March 17.