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HF Foods Group

HFFG on Nasdaq. Market value $86m.

Watch this stockFree. We tell you when something changes.

Should I look at this?

Look carefully before going further

Why it could be worth it

Nothing stands out yet.

What to watch out for

Read the warning sign in its own filings

This is not advice.

Compare with another stock

Who owns it

None of the long-term investors we follow own it. 60 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

  • Zhou Min Ni
    Passive investor
    6.7%
    Since 18 November 2024
    What they said

    The information set forth in Item 6 of this Amendment No. 4 is incorporated herein by reference. Subject to market conditions and other factors the Reporting Person deems relevant, the Reporting Person may purchase additional securities of the Company, maintain the present…

    Read the filing

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 5 insiders bought $82,613 of shares on the open market.

  • Lam Dennis
    Director
    Bought
    Date
    19 March 2026
    Shares
    100
    Price
    $1.76
    Value
    $176
  • Lam Dennis
    Director
    Bought
    Date
    18 March 2026
    Shares
    8,000
    Price
    $1.80
    Value
    $14,400
  • Chang Christine
    Chief Administrative Officer
    Bought
    Date
    18 March 2026
    Shares
    4,000
    Price
    $1.74
    Value
    $6,960
  • Lin Xi
    President and CEO
    Bought
    Date
    18 March 2026
    Shares
    8,367
    Price
    $1.80
    Value
    $15,061
  • McGarry Paul E
    CFO
    Bought
    Date
    18 March 2026
    Shares
    2,500
    Price
    $1.76
    Value
    $4,400
  • Lam Dennis
    Director
    Bought
    Date
    14 November 2025
    Shares
    1,000
    Price
    $2.25
    Value
    $2,250
  • Lam Dennis
    Director
    Bought
    Date
    13 November 2025
    Shares
    1,000
    Price
    $2.25
    Value
    $2,250
  • Chang Christine
    Chief Compliance Officer & GC
    Bought
    Date
    13 November 2025
    Shares
    2,000
    Price
    $2.28
    Value
    $4,560
  • Taylor Jeffery L
    Director
    Bought
    Date
    13 November 2025
    Shares
    10,000
    Price
    $2.25
    Value
    $22,500
  • Lin Xi
    President and CEO
    Bought
    Date
    12 November 2025
    Shares
    4,494
    Price
    $2.24
    Value
    $10,057

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

1 serious warning sign in HF Foods Group’s filings.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 16 Mar 2026, plus the 10-Q filed 10 Aug 2026 and 12 later 8-Ks.

  • Weak checks on its own accounts

    Serious

    The company said its checks on its own accounts did not work at the end of its latest quarter. Mistakes could slip into the numbers.

    “Based on that evaluation, our principal executive officer and principal financial and accounting officer concluded that, due to the material weaknesses in internal control over financial reporting described below, our disclosure controls and procedures were not effective at the reasonable assurance level as of June 30, 2026.”
    Show the full paragraph
    Our management, including our principal executive officer and principal financial and accounting officer, conducted an evaluation of the effectiveness of our disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, as of June 30, 2026. Based on that evaluation, our principal executive officer and principal financial and accounting officer concluded that, due to the material weaknesses in internal control over financial reporting described below, our disclosure controls and procedures were not effective at the reasonable assurance level as of June 30, 2026.

    From the 10-Q filed 10 August 2026, Part I, Item 4. Controls and Procedures. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.