Horizon Kinetics Asset Management LLC Increases Stake in Hawaiian Electric Industries Inc

Horizon Kinetics Asset Management LLC has filed an amendment to its Schedule 13G, disclosing an increased ownership in Hawaiian Electric Industries Inc. The filing, dated October 28, 2025, reveals that Horizon Kinetics now owns 17,642,331 shares, representing a 10.2% stake in the company. This marks an increase of 1,360,622 shares from their previous holdings, reflecting a 21.91% rise in the value of their investment. The shares are held in the ordinary course of business and are not intended to influence the control of the issuer. The filing was signed by Jay Kesslen, General Counsel of Horizon Kinetics Asset Management LLC.