Horace Mann Educators

HMN • NYSE

Horace Mann Educators is a insurance - property & casualty company in the financial services sector on NYSE, led by Marita Zuraitis, with a market cap of $1.9B. As of Q3 2025, 101% of shares are held by 237 institutional investors, with BlackRock, Inc. as the largest holder at 14.31%.

President and Chief Executive OfficerMarita Zuraitis

Market Cap$1.9B

Insurance - Property & Casualty

Financial Services

Employees1.7K

Websitehoracemann.com

Country

United States of America

Overview

Overview of institutional ownership in HMN as of Q3 2025 with a market cap of $1.8B

All Institutions

Institutions: 237
Value Held: $1.9B
Shares Held: 41.1M
Avg Position: $7.8M
Median Position: $598.0K

Hedge Funds

Hedge Funds: 21
Value Held: $83.7M
Shares Held: 1.9M
Avg Position: $4.0M
Median Position: $823.0K

Ownership Breakdown

Institutional (non-HF)

96.38%

$1.8B

Hedge Funds

4.56%

$83.7M

Retail & Other

Based on market cap of $1.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HMN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$263.1M 0.00% of portfolio	14.31% 5.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$226.2M 0.00% of portfolio	12.31% 5.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$164.2M 0.04% of portfolio	8.93% 3.6M shares	Q4 2016 Held for 8y 11m	$395.36B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$115.1M 0.01% of portfolio	6.26% 2.5M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$101.8M 0.35% of portfolio	5.54% 2.3M shares	Q1 2022 Held for 3y 8m	$29.4B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$101.3M 0.02% of portfolio	5.51% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$73.2M 0.00% of portfolio	3.98% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
EARNEST PARTNERS LLC Long Only Manager	Paul Ernest Viera CEO	$55.7M 0.24% of portfolio	3.03% 1.2M shares	Q4 2013 Held for 11y 11m	$23.1B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$45.8M 0.00% of portfolio	2.49% 1.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
B BROWN ADVISORY INC RIA/Wealth	David Alan Miller Founder	$42.8M 0.06% of portfolio	2.33% 947.8K shares	Q2 2024 Held for 1y 5m	$74.0B

Net Capital Flow

Institutional buying and selling activity for HMN in Q3 2025

Traded: −$4.8M
Buyers: 116
Sellers: 105
Total Bought: +$89.9M
Total Sold: −$94.7M
Avg Position: $7.0M

Biggest Buyers

Institution	Net Bought	Current Position
AMERIPRISE FINANCIAL INC Institution	+$10.2M +225.8K shares	$30.0M 663.5K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$9.4M +208.0K shares	$12.4M 275.1K shares
Invesco Ltd. ETF Provider	+$7.1M +156.7K shares	$29.2M 645.7K shares
FMR LLC Institution	+$4.5M +99.5K shares	$8.7M 193.3K shares
Lighthouse Investment Partners, LLC Fund of Funds	+$4.5M +99.2K shares	$10.1M 224.2K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$4.4M +97.4K shares	$37.5M 829.4K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$3.6M +78.6K shares	$5.8M 127.5K shares
VANGUARD GROUP INC Institution	+$3.5M +78.1K shares	$226.2M 5.0M shares
Q Qube Research & Technologies Ltd Institution	+$3.0M +67.4K shares	$5.0M 110.4K shares
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	+$3.0M +65.6K shares	$4.1M 90.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Long Only Manager	−$16.3M −360.2K shares	$21.7M 481.2K shares
CRAMER ROSENTHAL MCGLYNN LLC Long Only Manager	−$10.7M −248.5K shares	Sold Off 0 shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$6.4M −141.4K shares	$1.2M 27.4K shares
Marshall Wace LLP Institution	−$5.7M −133.8K shares	Sold Off 0 shares
FRANKLIN RESOURCES INC Institution	−$5.5M −121.7K shares	$164.2M 3.6M shares
BANK OF AMERICA CORP /DE/ Institution	−$5.4M −119.7K shares	$24.6M 544.6K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$4.5M −99.9K shares	$101.3M 2.2M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$4.4M −96.4K shares	$4.0M 89.2K shares
B BlackRock, Inc. Institution	−$3.5M −77.0K shares	$263.1M 5.8M shares
EARNEST PARTNERS LLC Long Only Manager	−$3.0M −66.5K shares	$55.7M 1.2M shares

Entry and Exit Activity

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

New Positions: 13
New Value: $1.7M
Exited Positions: 24
Exited Value: $26.8M

New Positions

Institution	Position Value
Cetera Investment Advisers RIA/Wealth	$598.0K 13.2K shares
ISAM Funds Ltd Hedge Fund•Quant	$312.6K 6.9K shares
R RSM US WEALTH MANAGEMENT LLC RIA/Wealth	$278.2K 6.2K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$219.5K 4.9K shares
E Ethic Inc. RIA/Wealth	$211.8K 4.7K shares
Triumph Capital Management RIA/Wealth	$20.5K 454.0 shares
S Salomon & Ludwin, LLC Institution	$17.3K 389.0 shares
O Optiver Holding B.V. Institution	$8.7K 192.0 shares
JPL Wealth Management, LLC RIA/Wealth	$8.1K 180.0 shares
Sontag Advisory, LLC RIA/Wealth	$3.7K 82.0 shares

Exited Positions

Institution	Previous Position
CRAMER ROSENTHAL MCGLYNN LLC Long Only Manager	$10.7M 248.5K shares
Marshall Wace LLP Institution	$5.7M 133.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.3M 52.8K shares
Jackson Creek Investment Advisors LLC Long Only Manager	$1.9M 44.2K shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	$1.3M 30.7K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.3M 29.5K shares
NGAM ADVISORS, L.P. Long Only Manager	$971.7K 22.6K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$594.7K 13.8K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	$502.1K 11.7K shares
P Petrus Trust Company, LTA Institution	$299.2K 7.0K shares

Options Activity

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

Call Positions: 1
Call Value: $623.3K
Put Positions: 1
Put Value: $664.0K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$623.3K 138.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$664.0K 147.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ICON ADVISERS INC/CO Long Only Manager	Brian Thomas Callahan President	1.56% $6.9M	0.38% 153.8K shares	Q1 2024 Held for 1y 8m	$445.1M
M Mitsubishi UFJ Asset Management Ltd. Institution	-	0.83% $1.7M	0.09% 38.0K shares	Q4 2019 Held for 5y 11m	$206.8M
Bragg Financial Advisors, Inc RIA/Wealth	Benton Sellers Bragg CEO	0.69% $20.5M	1.12% 454.3K shares	≤ Q2 2013 Held for 12y 5m+	$3.0B
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	Alison Anne Berman CEO	0.50% $16.3M	0.89% 360.6K shares	Q1 2017 Held for 8y 8m	$3.3B
Lighthouse Investment Partners, LLC Fund of Funds	Sean Gerard Mcgould CEO	0.37% $10.1M	0.55% 224.2K shares	Q3 2024 Held for 1y 2m	$2.7B
Hodges Capital Management Inc. Long Only Manager	Craig Donaldson Hodges CEO	0.37% $4.3M	0.23% 94.6K shares	Q1 2025 Held for 8 months	$1.2B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.36% $16.9M	0.92% 374.1K shares	≤ Q2 2013 Held for 12y 5m+	$4.7B
HENNESSY ADVISORS INC Institution	Neil Joseph Hennessy CEO	0.35% $10.1M	0.55% 223.7K shares	Q2 2025 Held for 5 months	$2.9B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	0.35% $101.8M	5.54% 2.3M shares	Q1 2022 Held for 3y 8m	$29.4B
Integrated Quantitative Investments LLC Long Only Manager	Kirsten Anna Syverson CEO	0.34% $1.2M	0.06% 26.1K shares	Q2 2025 Held for 5 months	$351.3M

Hedge Fund Spotlight

Discover hedge funds investing in HMN

Aquatic Capital Management LLC

Hedge Fund • Quant

Portfolio ManagerJonathan Cullen Graham

Portfolio Value: $5.4B
Positions: 1,343
Last Reported: Q3 2025

Sector Allocation

Position in Horace Mann Educators

Market Value: $525.6K
Shares Held: 11.6K
Portfolio Weight: 0.01%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$82.0M	1.52%
2 Robinhood Markets, Inc. HOOD	Software - Infrastructure Technology	$80.3M	1.49%
3 Microsoft MSFT	Software - Infrastructure Technology	$79.3M	1.47%