43% buyers of institutions opening or closing positions this quarter
8 more exits than new buyers, ownership fell 2.77 percentage points vs the prior quarter, and 1 well-known fund manager in the top 25.
43% buyers of institutions opening or closing positions this quarter
62.2% institutional ownership
PL Capital Advisors, portfolio allocation
Institutional ownership vs Banks - Regional peers
No Form 4 insider transactions on file
Latest positioning in HBNC across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in HBNC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.6M | $108.9M | -0.9% | 12.830% | 0.00% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 2.2M | $36.9M | — | 4.349% | 0.00% |
| 3 | SAPIENT CAPITAL LLC | 2.1M | $34.5M | 0.0% | 4.061% | 0.52% |
| 4 | DIMENSIONAL FUND ADVISORS LP | 2.0M | $32.6M | -18.3% | 3.838% | 0.01% |
| 5 | PL Capital Advisors, LLC | 1.8M | $30.0M | 0.0% | 3.539% | 9.06% |
| 6 | STATE STREET CORP | 1.7M | $27.5M | +12.1% | 3.239% | 0.00% |
| 7 | JENNISON ASSOCIATES LLC | 1.6M | $26.6M | +29.3% | 3.135% | 0.02% |
| 8 | ADAGE CAPITAL PARTNERS GP, L.L.C. | 1.5M | $24.4M | +52.7% | 2.872% | 0.04% |
| 9 | FJ Capital Management LLC | 1.3M | $21.4M | +19.1% | 2.521% | 2.41% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 1.3M | $21.4M | +0.4% | 2.517% | 0.00% |
| 11 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 1.1M | $18.2M | -1.4% | 2.142% | 0.02% |
| 12 | VANGUARD PORTFOLIO MANAGEMENT LLC | 937K | $15.5M | — | 1.829% | 0.00% |
| 13 | TWO SIGMA INVESTMENTS, LP | 780K | $12.9M | +90.7% | 1.522% | 0.01% |
| 14 | MALTESE CAPITAL MANAGEMENT LLC | 757K | $12.5M | -4.4% | 1.478% | 2.47% |
| 15 | WELLINGTON MANAGEMENT GROUP LLP | 718K | $11.9M | -48.8% | 1.402% | 0.00% |
| 16 | ALLIANCEBERNSTEIN L.P. | 593K | $10.1M | 0.0% | 1.158% | 0.00% |
| 17 | Stieven Capital Advisors, L.P. | 559K | $9.3M | +26.0% | 1.092% | 1.98% |
| 18 | MORGAN STANLEY | 521K | $8.6M | +29.2% | 1.018% | 0.00% |
| 19 | KENNEDY CAPITAL MANAGEMENT, INC. | 493K | $8.2M | +123.6% | 0.962% | 0.17% |
| 20 | NORTHERN TRUST CORP | 450K | $7.5M | -3.0% | 0.879% | 0.00% |
| 21 | Pacific Ridge Capital Partners, LLC | 429K | $7.1M | +0.4% | 0.837% | 1.54% |
| 22 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 422K | $7.0M | -7.4% | 0.824% | 0.00% |
| 23 | Qube Research & Technologies Ltd | 384K | $6.4M | — | 0.750% | 0.01% |
| 24 | Russell Investments Group, Ltd. | 361K | $6.0M | -14.0% | 0.706% | 0.01% |
| 25 | GOLDMAN SACHS GROUP INC | 353K | $5.9M | -7.0% | 0.690% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in HBNC — a direct measure of their conviction.
Filings activity in HBNC during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 194 | 4.0% | 62.22% | 2.77 pp | $629M | 4.3% |
| Q4 2025 | 202 | 1.5% | 64.99% | +6.51 pp | $658M | +11% |
| Q3 2025 | 205 | +13% | 58.48% | +14.53 pp | $592M | +33% |
| Q2 2025 | 181 | 0.5% | 43.95% | +0.58 pp | $445M | +1.3% |
| Q1 2025 | 182 | +0.6% | 43.37% | 0.42 pp | $439M | 1.0% |
| Q4 2024 | 181 | +11% | 43.79% | +1.03 pp | $443M | +2.4% |
| Q3 2024 | 163 | +1.9% | 42.76% | +5.95 pp | $433M | +16% |
| Q2 2024 | 160 | — | 36.81% | — | $372M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for HBNC.
Quick answers to the most common questions about buying HBNC stock.
Based on Q1 2026 13F filings, institutional ownership of Horizon Bancorp, Inc. stands at 62.2%, held across 194 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of HBNC, with approximately 6,572,304 shares worth $0.11B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of HBNC, including TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for HBNC is 33 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
26 institutions opened new positions in HBNC during Q1 2026, while 34 fully exited. 61 added to existing positions and 102 trimmed.
HBNC institutional ownership fell by 2.77 percentage points quarter-over-quarter, with a net change of -8 holders.
The top 10 institutions account for 57.8% of all reported 13F value in HBNC, and the top 25 account for 81.2%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.