Victory Capital (HFWA) reports 2.48M shares, 6.02% of Heritage Financial

Rhea-AI Filing Summary

Victory Capital Management, Inc. files Amendment No. 2 reporting beneficial ownership of 2,475,850 shares of Heritage Financial Corp. The filing states 2,475,850 shares beneficially owned, representing 6.02% of the common stock (CUSIP 42722X106). The amendment is signed on 05/11/2026.

Insights

Institutional Ownership Analyst

Large passive stake reported: 2,475,850 shares (6.02%).

Victory Capital Management reports beneficial ownership of 2,475,850 shares, equal to 6.02% of Heritage Financial Corp common stock (CUSIP 42722X106). The filing is an amended Schedule 13G/A, typically used by institutional investors to disclose passive holdings.

The filing lists voting and dispositive counts: sole voting power 2,458,750 and sole dispositive power 2,475,850. Subsequent filings may clarify any changes to voting arrangements; timing and intent statements are not provided in the excerpt.

Compliance Officer

Amendment executed and signed by compliance officer on 05/11/2026.

The amendment identifies Sean Fox as Chief Compliance Officer and includes an executed signature date of 05/11/2026. The filing updates ownership figures on a Schedule 13G/A, which is a routine regulatory disclosure for holdings above reporting thresholds.

Regulatory readers should note the filing type (Schedule 13G/A) and the exact figures reported for audit and disclosure tracking; no transaction details or purchase dates are included in the excerpt.

Key Figures

Beneficial ownership: 2,475,850 shares Percent of class: 6.02% Sole voting power: 2,458,750 shares +3 more

6 metrics

Beneficial ownership 2,475,850 shares Amount beneficially owned as reported on Schedule 13G/A

Percent of class 6.02% Percent of Heritage Financial Corp common stock

Sole voting power 2,458,750 shares Sole power to vote or to direct the vote

Sole dispositive power 2,475,850 shares Sole power to dispose or to direct disposition

CUSIP 42722X106 Heritage Financial Corp common stock identifier

Signature date 05/11/2026 Date the amendment was signed by Chief Compliance Officer

Key Terms

Schedule 13G/A, Beneficial ownership, Sole dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 2 reporting beneficial ownership (Schedule 13G/A)"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Amount beneficially owned: 2475850 (Percent of class: 6.02%)"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 2475850"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 09:51 AM Learn about SEC filing dates

FAQ

What stake does Victory Capital (HFWA) report in Heritage Financial Corp?

Victory Capital reports beneficial ownership of 2,475,850 shares, representing 6.02% of Heritage Financial Corp common stock (CUSIP 42722X106). The amounts are presented in the amendment and reflect sole voting and dispositive powers as listed.

What voting and dispositive powers does the filing show for Victory Capital?

The filing shows sole voting power of 2,458,750 shares and sole dispositive power of 2,475,850 shares. No shared voting or dispositive powers are reported in the provided excerpt.

When was the Schedule 13G/A amendment signed?

The amendment bears a signature dated 05/11/2026 by Sean Fox, Chief Compliance Officer. The document also references the date 03/31/2026 in its header, which appears in the filing excerpt.

Does this filing indicate active trading or intent by Victory Capital?

This Schedule 13G/A amendment reports ownership quantities and powers; it does not state transactions or intent. The excerpt lists holdings and voting/dispositive counts but does not describe purchases, sales, or intent to influence corporate control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

HERITAGE FINANCIAL CORP /WA/

(Name of Issuer)

Common Stock

(Title of Class of Securities)

42722X106

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 42722X106

1

Names of Reporting Persons

Victory Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,458,750.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,475,850.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,475,850.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.02 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HERITAGE FINANCIAL CORP /WA/
(b)	Address of issuer's principal executive offices: 201 Fifth Avenue PO Box 1578 Olympia, WA 98501
Item 2.
(a)	Name of person filing: Victory Capital Management, Inc.
(b)	Address or principal business office or, if none, residence: 15935 La Cantera Pkwy San Antonio, TX 78256
(c)	Citizenship: New York
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 42722X106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2475850
(b)	Percent of class: 6.02 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2458750
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2475850
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Victory Capital Management, Inc.

Signature:	Sean Fox
Name/Title:	Chief Compliance Officer
Date:	05/11/2026