HNI

HNI • NYSE

HNI is a business equipment & supplies company in the industrials sector on NYSE, led by Jeffrey D. Lorenger, with a market cap of $1.9B. As of Q3 2025, 93% of shares are held by 276 institutional investors, with BlackRock, Inc. as the largest holder at 14.48%.

Chief Executive OfficerJeffrey D. Lorenger

Market Cap$1.9B

Business Equipment & Supplies

Industrials

Employees8.2K

Websitehnicorp.com

Country

United States of America

Overview

Overview of institutional ownership in HNI as of Q3 2025 with a market cap of $2.1B

All Institutions

Institutions: 276
Value Held: $2.0B
Shares Held: 42.6M
Avg Position: $7.2M
Median Position: $611.8K

Hedge Funds

Hedge Funds: 31
Value Held: $111.1M
Shares Held: 2.4M
Avg Position: $3.6M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

87.8%

$1.9B

Hedge Funds

5.17%

$111.1M

Retail & Other

7.03%

$150.9M

Based on market cap of $2.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HNI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$311.1M 0.01% of portfolio	14.48% 6.6M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$257.5M 0.00% of portfolio	11.99% 5.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	-	$137.0M 0.11% of portfolio	6.38% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$119.95B
FMR LLC Institution	-	$132.7M 0.01% of portfolio	6.18% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$92.5M 0.01% of portfolio	4.31% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$85.0M 0.00% of portfolio	3.96% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$83.8M 0.02% of portfolio	3.90% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$51.9M 0.00% of portfolio	2.42% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$45.6M 0.01% of portfolio	2.12% 972.7K shares	≤ Q2 2013 Held for 12y 5m+	$556.34B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$41.8M 0.01% of portfolio	1.95% 892.9K shares	Q2 2023 Held for 2y 5m	$395.36B

Net Capital Flow

Institutional buying and selling activity for HNI in Q3 2025

Traded: +$261.5M
Buyers: 162
Sellers: 107
Total Bought: +$387.8M
Total Sold: −$126.3M
Avg Position: $6.5M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$37.8M +806.5K shares	$132.7M 2.8M shares
Robeco Investment Management, Inc. Long Only Manager	+$35.2M +754.5K shares	$35.2M 754.5K shares
COOKE & BIELER LP Long Only Manager	+$28.7M +613.5K shares	$28.7M 613.5K shares
GOLDMAN SACHS GROUP INC Institution	+$27.9M +595.3K shares	$34.4M 733.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$23.7M +505.5K shares	$23.9M 510.9K shares
D D. E. Shaw & Co., Inc. Institution	+$21.8M +464.7K shares	$24.3M 518.7K shares
Bank of New York Mellon Corp Institution	+$18.4M +393.3K shares	$45.6M 972.7K shares
UBS Group AG Institution	+$14.5M +310.5K shares	$21.9M 468.2K shares
PRUDENTIAL FINANCIAL INC Institution	+$13.1M +279.2K shares	$16.1M 343.3K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$12.8M +273.9K shares	$17.5M 373.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$18.8M −402.0K shares	$33.7M 720.0K shares
R ROYAL BANK OF CANADA Institution	−$14.2M −303.8K shares	$2.6M 54.6K shares
B BlackRock, Inc. Institution	−$11.4M −243.5K shares	$311.1M 6.6M shares
Q Qube Research & Technologies Ltd Institution	−$10.4M −212.2K shares	Sold Off 0 shares
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	−$8.9M −180.1K shares	Sold Off 0 shares
NORTHERN TRUST CORP Institution	−$7.3M −155.2K shares	$92.5M 2.0M shares
SG Capital Management LLC Hedge Fund•Event Driven	−$6.8M −137.3K shares	Sold Off 0 shares
4D Advisors, LLC Hedge Fund•Long/Short	−$5.7M −115.0K shares	Sold Off 0 shares
N NEW YORK STATE COMMON RETIREMENT FUND Institution	−$5.2M −110.2K shares	$757.8K 16.2K shares
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	−$3.9M −82.4K shares	$845.5K 18.0K shares

Entry and Exit Activity

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

New Positions: 29
New Value: $85.0M
Exited Positions: 29
Exited Value: $47.1M

New Positions

Institution	Position Value
Robeco Investment Management, Inc. Long Only Manager	$35.2M 754.5K shares
COOKE & BIELER LP Long Only Manager	$28.7M 613.5K shares
Numerai GP LLC Hedge Fund•Quant	$8.0M 170.9K shares
Ancora Advisors, LLC RIA/Wealth	$7.6M 162.1K shares
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	$1.8M 39.1K shares
JENNISON ASSOCIATES LLC Long Only Manager	$960.8K 20.5K shares
IEQ CAPITAL, LLC RIA/Wealth	$442.0K 9.4K shares
A AdvisorShares Investments LLC Institution	$425.6K 9.1K shares
Truvestments Capital LLC RIA/Wealth	$405.2K 8.6K shares
Private Advisor Group, LLC RIA/Wealth	$314.2K 6.7K shares

Exited Positions

Institution	Previous Position
Q Qube Research & Technologies Ltd Institution	$10.4M 212.2K shares
PENN CAPITAL MANAGEMENT CO INC Long Only Manager	$8.9M 180.1K shares
SG Capital Management LLC Hedge Fund•Event Driven	$6.8M 137.3K shares
4D Advisors, LLC Hedge Fund•Long/Short	$5.7M 115.0K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$3.8M 76.7K shares
Atom Investors LP Hedge Fund•Market Neutral	$2.2M 43.7K shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	$1.8M 35.7K shares
A Allianz Asset Management AG Institution	$1.5M 30.1K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.3M 25.6K shares
Counterpoint Mutual Funds LLC ETF Provider	$751.4K 15.3K shares

Options Activity

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

Call Positions: 1
Call Value: $3.8M
Put Positions: 1
Put Value: $477.9K

Call Positions

Institution	Position Value
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$3.8M 805.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$477.9K 102.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
CLIFFORD CAPITAL PARTNERS LLC Long Only Manager	Roger Allen Hill CEO	3.84% $22.2M	1.03% 474.1K shares	Q4 2017 Held for 7y 11m	$578.6M
Numerai GP LLC Hedge Fund•Quant	Richard Malone Craib CEO	1.13% $8.0M	0.37% 170.9K shares	Q3 2025 Held for 2 months	$707.9M
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	Kenneth Burgess CIO	0.66% $27.2M	1.27% 580.8K shares	≤ Q2 2013 Held for 12y 5m+	$4.1B
Q Quantessence Capital LLC Hedge Fund•Quant	Amit Manwani CEO	0.50% $1.6M	0.07% 33.5K shares	Q1 2025 Held for 8 months	$316.3M
Gallacher Capital Management LLC RIA/Wealth	Quentin Garrett Stoker CCO	0.33% $847.2K	0.04% 18.1K shares	Q3 2025 Held for 2 months	$252.9M
Integrated Quantitative Investments LLC Long Only Manager	Kirsten Anna Syverson CEO	0.33% $1.1M	0.05% 24.5K shares	Q4 2024 Held for 11 months	$351.3M
G GRACE & WHITE INC /NY RIA/Wealth	Marc Emil Ravitz President	0.31% $1.5M	0.07% 31.9K shares	Q2 2023 Held for 2y 5m	$481.2M
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	0.30% $28.7M	1.34% 613.5K shares	Q3 2025 Held for 2 months	$9.7B
WEALTHSPAN PARTNERS, LLC RIA/Wealth	Mark Donald Tholl CIO	0.27% $705.5K	0.03% 15.1K shares	Q4 2021 Held for 3y 11m	$259.6M
E EntryPoint Capital, LLC Hedge Fund•Long/Short	Lawrence Edward Leibowitz CEO	0.26% $678.7K	0.03% 14.5K shares	Q3 2025 Held for 2 months	$258.4M

Hedge Fund Spotlight

Discover hedge funds investing in HNI

AIGEN INVESTMENT MANAGEMENT, LP

Hedge Fund • Long/Short

Portfolio ManagerJuhua Zhu

Portfolio Value: $646.1M
Positions: 764
Last Reported: Q3 2025

Sector Allocation

Position in HNI

Market Value: $953.1K
Shares Held: 20.3K
Portfolio Weight: 0.15%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$7.1M	1.10%
2 Honeywell International HON	Conglomerates Industrials	$7.1M	1.10%
3 Boston Scientific BSX	Medical - Devices Healthcare	$6.7M	1.04%