HF Foods Group Inc. (HFFG)

Nasdaq · Common Stock · Wholesale-Groceries & Related Products

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

39 entities across 16 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-16 — see the exhibit.

Which other public companies file entities in the same places:

California11 Delaware5 Utah3 North Carolina3 Arizona2 Washington2 Florida2 Georgia2 Colorado2 New York1 Illinois1 Texas1

Subsidiaries of HF Foods Group Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Fifth Avenue, L.L.C.	Delaware
A & Kie, LLC	Arizona
American Fortune Foods, Inc.	California
B & L Trading, LLC	Washington
B&B Trucking Services, Inc.	Florida
B&R Global Holdings, Inc.	Delaware
B&R Global Services, LLC	Delaware
B&R Group Logistics Holding LLC	Delaware
B&R Realty, LLC	California
Big Sea Realty, LLC	Washington
Capital Trading, LLC	Utah
Chinesetg, Inc.	New York
Fortune Liberty, LLC	Utah
Genstar Realty, LLC	California
GM Food Supplies, Inc.	California
Great Wall Seafood IL, LLC	Illinois
Great Wall Seafood TX, LLC	Texas
Great Wall Seafood VA, LLC	Virginia
Great Wall Seafood LA, LLC	California
Han Feng, Inc.	North Carolina
Hayward Trucking, Inc.	California
HF Atlanta, LLC	Georgia
HF Group Holding Corp.	Delaware
Kirnland Food Distribution, Inc.	Georgia
KYL Group, Inc.	Nevada
Lenfa Food, LLC	Colorado
Lucky Realty, LLC	California
Mountain Food, LLC	Colorado
Murray Properties, LLC	Utah
New Southern Food Distributors, Inc.	Florida
Ocean West Food Services, LLC	California
R & C Trading, LLC	Arizona
R&N Charlotte, LLC	North Carolina
R&N Holdings, LLC	North Carolina
Rongcheng Trading, LLC	California
Royal Service, Inc.	Oregon
Sunflower 2.0 LLC	Kansas
T&G Group, LLC	California
Win Woo Trading, LLC	California

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

FAILReturn on assets positiveROA -7.2%
PASSOperating cash flow positiveOCF 25M
PASSReturn on assets improving-8.8% → -7.2%
PASSCash flow exceeds earningsOCF 25M vs NI -39M
PASSLong-term debt ratio falling18.8% → 18.4% of assets
FAILCurrent ratio improving1.23 → 1.18
FAILNo share dilution53M → 53M shares
FAILGross margin improving17.1% → 16.9%
PASSAsset turnover improving2.18× → 2.27×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$566.8M	−$343.0M	$43.5M	17.7%	52,095,585
FY2021	$796.9M	$22.1M	$15.3M	19.0%	52,091,822
FY2022	$1.2B	$460,000	$25.0M	17.6%	53,863,448
FY2023	$1.1B	−$2.2M	$12.3M	17.8%	53,878,237
FY2024	$1.2B	−$48.5M	$10.1M	17.1%	52,552,490
FY2025	$1.2B	−$38.8M	$6.6M	16.9%	52,946,655

Ownership flow

11 institutions tracked — 3 added, 7 reduced, 1 opened a new position, 1 sold out. Active managers added 16,591 shares while index money cut 3,042,913.

Institutional holders of HF Foods Group Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	643,499	−1,902,986	$907,334
STATE STREET CORP	Index	159,956	−642,068	$225,538
GEODE CAPITAL MANAGEMENT, LLC	Index	492,847	−497,859	$695,259
AQR CAPITAL MANAGEMENT LLC	Hedge fund	90,218	+71,345	$127,207
MORGAN STANLEY	Active fund	175,692	−45,204	$247,726
CITADEL ADVISORS LLC	Hedge fund	33,357	+21,957	$47,033
BANK OF AMERICA CORP /DE/	Active fund	34,742	−18,710	$48,986
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	109,800	−17,800	$154,818
JPMORGAN CHASE & CO	Active fund	30,845	+5,058	$46,421
FMR LLC	Active fund	6,330	−55	$8,925

Point72 Asset Management, L.P. holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001680873
LEI: 54930040ARMFXM6CL697
FIGI: BBG00HMS9MR9
SIC: 5140 · Wholesale-Groceries & Related Products
Incorporated: DE
Headquarters: LAS VEGAS, NV

Ownership

Institutional: 16.2%
Institutions: 82
Insiders: 25.9%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other wholesale-groceries & related products companies

HF Foods Group Inc. files under SIC 5140 — all 4 wholesale-groceries & related products companies compared on assets and F-score.

SYSCO CORPSYY US Foods Holding Corp.USFD DOMINOS PIZZA INCDPZ

Questions about HF Foods Group Inc.

How many subsidiaries does HF Foods Group Inc. file with the SEC?: 39, listed in its most recent exhibit 21. They are incorporated across 16 jurisdictions, led by Delaware, Arizona, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is HF Foods Group Inc. financially healthy?: HF Foods Group Inc. scores 5 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of HF Foods Group Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), GEODE CAPITAL MANAGEMENT, LLC (trimming), MORGAN STANLEY (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

39 entities across 16 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-16 — see the exhibit.

Entity

Jurisdiction

Note

Fifth Avenue, L.L.C.

Delaware

A & Kie, LLC

Arizona

American Fortune Foods, Inc.

California

B & L Trading, LLC

Washington

B&B Trucking Services, Inc.

Florida

B&R Global Holdings, Inc.

Delaware

B&R Global Services, LLC

Delaware

B&R Group Logistics Holding LLC

Delaware

B&R Realty, LLC

California

Big Sea Realty, LLC

Washington

Capital Trading, LLC

Utah

Chinesetg, Inc.

New York

Fortune Liberty, LLC

Utah

Genstar Realty, LLC

California

GM Food Supplies, Inc.

California

Great Wall Seafood IL, LLC

Illinois

Great Wall Seafood TX, LLC

Texas

Great Wall Seafood VA, LLC

Virginia

Great Wall Seafood LA, LLC

California

Han Feng, Inc.

North Carolina

Hayward Trucking, Inc.

California

HF Atlanta, LLC

Georgia

HF Group Holding Corp.

Delaware

Kirnland Food Distribution, Inc.

Georgia

KYL Group, Inc.

Nevada

Lenfa Food, LLC

Colorado

Lucky Realty, LLC

California

Mountain Food, LLC

Colorado

Murray Properties, LLC

Utah

New Southern Food Distributors, Inc.

Florida

Ocean West Food Services, LLC

California

R & C Trading, LLC

Arizona

R&N Charlotte, LLC

North Carolina

R&N Holdings, LLC

North Carolina

Rongcheng Trading, LLC

California

Royal Service, Inc.

Oregon

Sunflower 2.0 LLC

Kansas

T&G Group, LLC

California

Win Woo Trading, LLC

California

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

FAILReturn on assets positiveROA -7.2%
PASSOperating cash flow positiveOCF 25M
PASSReturn on assets improving-8.8% → -7.2%
PASSCash flow exceeds earningsOCF 25M vs NI -39M
PASSLong-term debt ratio falling18.8% → 18.4% of assets
FAILCurrent ratio improving1.23 → 1.18
FAILNo share dilution53M → 53M shares
FAILGross margin improving17.1% → 16.9%
PASSAsset turnover improving2.18× → 2.27×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$566.8M

−$343.0M

$43.5M

17.7%

52,095,585

FY2021

$796.9M

$22.1M

$15.3M

19.0%

52,091,822

FY2022

$1.2B

$460,000

$25.0M

17.6%

53,863,448

FY2023

$1.1B

−$2.2M

$12.3M

17.8%

53,878,237

FY2024

$1.2B

−$48.5M

$10.1M

17.1%

52,552,490

FY2025

$1.2B

−$38.8M

$6.6M

16.9%

52,946,655

Ownership flow

11 institutions tracked — 3 added, 7 reduced, 1 opened a new position, 1 sold out. Active managers added 16,591 shares while index money cut 3,042,913.

Institutional holders of HF Foods Group Inc. and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	643,499	−1,902,986	$907,334
STATE STREET CORP	Index	159,956	−642,068	$225,538
GEODE CAPITAL MANAGEMENT, LLC	Index	492,847	−497,859	$695,259
AQR CAPITAL MANAGEMENT LLC	Hedge fund	90,218	+71,345	$127,207
MORGAN STANLEY	Active fund	175,692	−45,204	$247,726
CITADEL ADVISORS LLC	Hedge fund	33,357	+21,957	$47,033
BANK OF AMERICA CORP /DE/	Active fund	34,742	−18,710	$48,986
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	109,800	−17,800	$154,818
JPMORGAN CHASE & CO	Active fund	30,845	+5,058	$46,421
FMR LLC	Active fund	6,330	−55	$8,925

Point72 Asset Management, L.P. holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

Questions about HF Foods Group Inc.

How many subsidiaries does HF Foods Group Inc. file with the SEC?

39, listed in its most recent exhibit 21. They are incorporated across 16 jurisdictions, led by Delaware, Arizona, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is HF Foods Group Inc. financially healthy?

HF Foods Group Inc. scores 5 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of HF Foods Group Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), GEODE CAPITAL MANAGEMENT, LLC (trimming), MORGAN STANLEY (trimming). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.