Horizon Bancorp

HBNC • NASDAQ

Horizon Bancorp is a banks - regional company in the financial services sector on NASDAQ, led by Thomas M. Prame, with a market cap of $946.0M. As of Q3 2025, 75% of shares are held by 205 institutional investors, with BlackRock, Inc. as the largest holder at 12.49%.

CEOThomas M. Prame

Market Cap$946.0M

Banks - Regional

Financial Services

Employees876.0

Websitehorizonbank.com

Country

United States of America

Overview

Overview of institutional ownership in HBNC as of Q3 2025 with a market cap of $820.3M

All Institutions

Institutions: 205
Value Held: $617.6M
Shares Held: 38.6M
Avg Position: $3.0M
Median Position: $419.6K

Hedge Funds

Hedge Funds: 31
Value Held: $92.0M
Shares Held: 5.7M
Avg Position: $3.0M
Median Position: $860.8K

Ownership Breakdown

Institutional (non-HF)

64.07%

$525.6M

Hedge Funds

11.22%

$92.0M

Retail & Other

24.71%

$202.7M

Based on market cap of $820.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HBNC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$102.5M 0.00% of portfolio	12.49% 6.4M shares	Q1 2016 Held for 9y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$48.2M 0.00% of portfolio	5.88% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$41.1M 0.01% of portfolio	5.01% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
SAPIENT CAPITAL LLC RIA/Wealth	Karim Michael Khairallah CEO	$33.6M 0.52% of portfolio	4.06% 2.1M shares	Q4 2023 Held for 1y 11m	$6.5B
PL Capital Advisors, LLC Hedge Fund•Activist	Richard J Lashley Managing Partner	$27.1M 9.46% of portfolio	3.30% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$286.3M
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$24.8M 0.00% of portfolio	3.03% 1.6M shares	Q3 2025 Held for 2 months	$571.21B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$19.8M 0.00% of portfolio	2.41% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$18.3M 0.02% of portfolio	2.23% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$120.17B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$17.4M 0.00% of portfolio	2.11% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	Terry Anthony Maltese President	$13.5M 2.09% of portfolio	1.64% 841.7K shares	Q4 2023 Held for 1y 11m	$646.2M

Net Capital Flow

Institutional buying and selling activity for HBNC in Q3 2025

Traded: +$124.1M
Buyers: 116
Sellers: 65
Total Bought: +$152.8M
Total Sold: −$28.7M
Avg Position: $2.8M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$24.8M +1.6M shares	$24.8M 1.6M shares
JENNISON ASSOCIATES LLC Long Only Manager	+$11.7M +732.6K shares	$11.7M 732.6K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$8.8M +547.6K shares	$9.5M 593.1K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	+$8.6M +538.5K shares	$8.6M 538.5K shares
S Stieven Capital Advisors, L.P. Hedge Fund•Long/Short	+$6.0M +375.0K shares	$6.0M 375.0K shares
B BlackRock, Inc. Institution	+$5.7M +356.1K shares	$102.5M 6.4M shares
JPMORGAN CHASE & CO Institution	+$4.8M +297.8K shares	$5.8M 363.5K shares
JACOBS ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	+$4.4M +275.0K shares	$4.4M 275.0K shares
FJ Capital Management LLC Hedge Fund•Long/Short	+$4.2M +264.7K shares	$4.2M 264.7K shares
VANGUARD GROUP INC Institution	+$4.2M +261.6K shares	$48.2M 3.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
R rhino investment partners, Inc Hedge Fund•Value	−$7.4M −478.0K shares	Sold Off 0 shares
BlackBarn Capital Partners LP Hedge Fund•Multi-Strategy	−$4.6M −300.0K shares	Sold Off 0 shares
H Harbour Trust & Investment Management Co Institution	−$1.0M −65.4K shares	$4.2M 263.2K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$1.0M −65.2K shares	$5.3M 332.2K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$930.2K −58.1K shares	$1.2M 75.5K shares
AMERIPRISE FINANCIAL INC Institution	−$896.3K −56.0K shares	$1.1M 68.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$866.6K −54.1K shares	$160.6K 10.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$850.9K −53.1K shares	$425.9K 26.6K shares
J JANE STREET GROUP, LLC Institution	−$825.7K −53.7K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$800.9K −50.0K shares	$6.4M 400.7K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited HBNC in Q3 2025

New Positions: 19
New Value: $31.6M
Exited Positions: 18
Exited Value: $17.2M

New Positions

Institution	Position Value
JENNISON ASSOCIATES LLC Long Only Manager	$11.7M 732.6K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$8.6M 538.5K shares
S Stieven Capital Advisors, L.P. Hedge Fund•Long/Short	$6.0M 375.0K shares
B Bayview Asset Management, LLC Hedge Fund•Multi-Strategy	$1.5M 94.8K shares
Elizabeth Park Capital Advisors, Ltd. Hedge Fund•Long/Short	$1.2M 76.6K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$684.2K 42.7K shares
IEQ CAPITAL, LLC RIA/Wealth	$467.0K 29.2K shares
Cetera Investment Advisers RIA/Wealth	$383.8K 24.0K shares
B B.O.S.S. Retirement Advisors, LLC RIA/Wealth	$269.6K 16.8K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	$211.1K 13.0K shares

Exited Positions

Institution	Previous Position
R rhino investment partners, Inc Hedge Fund•Value	$7.4M 478.0K shares
BlackBarn Capital Partners LP Hedge Fund•Multi-Strategy	$4.6M 300.0K shares
J JANE STREET GROUP, LLC Institution	$825.7K 53.7K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$713.5K 46.4K shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$704.4K 45.8K shares
Valeo Financial Advisors, LLC RIA/Wealth	$528.6K 34.4K shares
Fourthstone LLC Hedge Fund•Long/Short	$522.9K 34.0K shares
Black Maple Capital Management LP Hedge Fund•Multi-Strategy	$470.6K 30.6K shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	$442.5K 28.8K shares
Summit Global Investments Long Only Manager	$218.7K 14.2K shares

Options Activity

Institutions with the largest Call and Put options positions in HBNC as of Q3 2025

Call Positions: 2
Call Value: $430.7K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$245.0K 153.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$185.7K 116.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with HBNC as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
PL Capital Advisors, LLC Hedge Fund•Activist	Richard J Lashley Managing Partner	9.46% $27.1M	3.30% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$286.3M
HORIZON BANCORP INC /IN/ RIA/Wealth	James David Pattie President	4.47% $9.3M	1.14% 582.1K shares	Q4 2022 Held for 2y 11m	$208.3M
JACOBS ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	Seymour Murray Jacobs Managing Partner	2.41% $4.4M	0.54% 275.0K shares	Q3 2025 Held for 2 months	$182.7M
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	Terry Anthony Maltese President	2.09% $13.5M	1.64% 841.7K shares	Q4 2023 Held for 1y 11m	$646.2M
Pacific Ridge Capital Partners, LLC Long Only Manager	Mark Daniel Cooper President	1.53% $7.1M	0.86% 440.5K shares	Q3 2015 Held for 10y 2m	$460.6M
Q QSV Equity Investors LLC Institution	-	1.29% $1.3M	0.15% 78.8K shares	Q4 2023 Held for 1y 11m	$97.9M
Siena Capital Management, LLC Hedge Fund•Sector	Daniel Kanter President	1.25% $2.1M	0.26% 130.7K shares	Q3 2025 Held for 2 months	$167.0M
E EJF Capital LLC Institution	-	1.22% $2.1M	0.26% 133.4K shares	Q3 2024 Held for 1y 2m	$174.8M
B Bayview Asset Management, LLC Hedge Fund•Multi-Strategy	David Ertel CEO	1.15% $1.5M	0.19% 94.8K shares	Q3 2025 Held for 2 months	$132.1M
S Stieven Capital Advisors, L.P. Hedge Fund•Long/Short	Joseph Albert Stieven Managing Partner	1.13% $6.0M	0.73% 375.0K shares	Q3 2025 Held for 2 months	$530.5M

Hedge Fund Spotlight

Discover hedge funds investing in HBNC

Walleye Trading Advisors, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerWilliam Dunning England

Portfolio Value: $11.2B
Positions: 1,691
Last Reported: Q3 2025

Sector Allocation

Position in Horizon Bancorp

Market Value: $357.0K
Shares Held: 22.3K
Portfolio Weight: 0.00%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$463.8M	4.15%
2 Amazon AMZN	Specialty Retail Consumer Cyclical	$346.6M	3.10%
3 Tesla, Inc. TSLA	Auto - Manufacturers Consumer Cyclical	$288.5M	2.58%