Old National Bancorp

ONB • NASDAQ

Old National Bancorp is a banks - regional company in the financial services sector on NASDAQ, led by John V. Moran, IV, with a market cap of $9.0B. As of Q3 2025, 94% of shares are held by 379 institutional investors, with OLD NATIONAL BANCORP /IN/ as the largest holder at 11.42%.

Interim Chief Executive OfficerJohn V. Moran, IV

Market Cap$9.0B

Banks - Regional

Financial Services

Employees4.0K

Websiteoldnational.com

Country

United States of America

Overview

Overview of institutional ownership in ONB as of Q3 2025 with a market cap of $8.6B

All Institutions

Institutions: 379
Value Held: $8.1B
Shares Held: 369.6M
Avg Position: $21.4M
Median Position: $714.3K

Hedge Funds

Hedge Funds: 30
Value Held: $292.8M
Shares Held: 13.3M
Avg Position: $9.8M
Median Position: $3.0M

Ownership Breakdown

Institutional (non-HF)

90.9%

$7.8B

Hedge Funds

3.4%

$292.8M

Retail & Other

5.7%

$489.9M

Based on market cap of $8.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ONB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
OLD NATIONAL BANCORP /IN/ Institution	John V. Moran, IV CEO	$982.1M 16.84% of portfolio	11.42% 44.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.8B
B BlackRock, Inc. Institution	-	$929.0M 0.02% of portfolio	10.80% 42.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$808.0M 0.01% of portfolio	9.39% 36.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$761.8M 0.04% of portfolio	8.86% 34.7M shares	Q2 2017 Held for 8y 5m	$1.92T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$384.2M 0.08% of portfolio	4.47% 17.5M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$380.2M 1.29% of portfolio	4.42% 17.3M shares	Q3 2021 Held for 4y 2m	$29.4B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$365.8M 0.01% of portfolio	4.25% 16.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
M MACQUARIE GROUP LTD Institution	-	$238.7M 0.29% of portfolio	2.78% 10.9M shares	Q1 2015 Held for 10y 8m	$82.9B
A AMERICAN CENTURY COMPANIES INC Institution	-	$211.3M 0.11% of portfolio	2.46% 9.6M shares	Q2 2020 Held for 5y 5m	$195.93B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$210.5M 0.01% of portfolio	2.45% 9.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for ONB in Q3 2025

Traded: +$270.4M
Buyers: 201
Sellers: 160
Total Bought: +$668.2M
Total Sold: −$397.9M
Avg Position: $18.7M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$94.7M +4.3M shares	$761.8M 34.7M shares
VANGUARD GROUP INC Institution	+$74.2M +3.4M shares	$808.0M 36.8M shares
B BlackRock, Inc. Institution	+$61.6M +2.8M shares	$929.0M 42.3M shares
FIRST TRUST ADVISORS LP ETF Provider	+$58.7M +2.7M shares	$114.7M 5.2M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$45.7M +2.1M shares	$127.2M 5.8M shares
NFJ INVESTMENT GROUP, LLC Long Only Manager	+$28.6M +1.3M shares	$28.6M 1.3M shares
A Algebris Ltd Institution	+$25.6M +1.2M shares	$25.6M 1.2M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$25.6M +1.2M shares	$105.6M 4.8M shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	+$23.5M +1.1M shares	$69.3M 3.2M shares
B BASSWOOD CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	+$22.1M +1.0M shares	$43.7M 2.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$86.2M −3.9M shares	$37.7M 1.7M shares
A AMERICAN CENTURY COMPANIES INC Institution	−$65.9M −3.0M shares	$211.3M 9.6M shares
Invesco Ltd. ETF Provider	−$25.1M −1.1M shares	$17.6M 803.5K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$21.0M −957.4K shares	$132.4M 6.0M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$13.7M −625.9K shares	$26.8M 1.2M shares
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	−$12.7M −577.1K shares	$73.9M 3.4M shares
Q Qube Research & Technologies Ltd Institution	−$12.2M −557.6K shares	$10.3M 468.2K shares
J JANE STREET GROUP, LLC Institution	−$10.3M −468.3K shares	$3.9M 179.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$9.9M −463.5K shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$9.9M −450.0K shares	$16.3M 743.6K shares

Entry and Exit Activity

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

New Positions: 20
New Value: $36.4M
Exited Positions: 53
Exited Value: $81.6M

New Positions

Institution	Position Value
A Algebris Ltd Institution	$25.6M 1.2M shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$6.2M 284.0K shares
Z Zweig-DiMenna Associates LLC Hedge Fund•Long/Short	$2.2M 100.0K shares
C CIBC World Markets Inc. Institution	$658.5K 30.0K shares
I Intrepid Financial Planning Group LLC RIA/Wealth	$573.9K 26.1K shares
Federation des caisses Desjardins du Quebec Fund of Funds	$487.4K 22.2K shares
Comprehensive Portfolio Management, LLC RIA/Wealth	$247.0K 11.3K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$236.9K 10.8K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$38.9K 1.8K shares
Sontag Advisory, LLC RIA/Wealth	$21.8K 994.0 shares

Exited Positions

Institution	Previous Position
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$9.9M 463.5K shares
A AXA Institution	$8.1M 379.3K shares
C Cubist Systematic Strategies, LLC Institution	$7.1M 333.9K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$6.4M 299.5K shares
Marshall Wace LLP Institution	$4.9M 228.5K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$4.4M 206.8K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$3.7M 174.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.3M 156.7K shares
Y Y-Intercept Ltd Institution	$3.3M 154.3K shares
D D. E. Shaw & Co., Inc. Institution	$2.6M 121.7K shares

Options Activity

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

Call Positions: 6
Call Value: $170.5M
Put Positions: 1
Put Value: $66.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$94.4M 43.0K contracts
SUSQUEHANNA ADVISORS GROUP, INC. Private Equity	$64.9M 29.5K contracts
J JANE STREET GROUP, LLC Institution	$5.9M 2.7K contracts
W WOLVERINE TRADING, LLC Institution	$4.2M 1.9K contracts
P PEAK6 LLC Institution	$691.4K 315.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$489.5K 223.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$66.5M 30.3K contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
OLD NATIONAL BANCORP /IN/ Institution	John V. Moran, IV CEO	16.84% $982.1M	11.42% 44.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.8B
A Algebris Ltd Institution	-	3.20% $25.6M	0.30% 1.2M shares	Q3 2025 Held for 2 months	$799.8M
ENDEAVOUR CAPITAL ADVISORS INC Private Equity	Aaron Samuel Richmond Managing Partner	2.89% $9.6M	0.11% 436.8K shares	Q4 2024 Held for 11 months	$331.5M
Elizabeth Park Capital Advisors, Ltd. Hedge Fund•Long/Short	Fred Anthony Cummings President	2.59% $3.3M	0.04% 148.6K shares	Q2 2022 Held for 3y 5m	$126.0M
S Stieven Capital Advisors, L.P. Hedge Fund•Long/Short	Joseph Albert Stieven Managing Partner	2.10% $11.1M	0.13% 507.6K shares	Q4 2024 Held for 11 months	$530.5M
B Bayview Asset Management, LLC Hedge Fund•Multi-Strategy	David Ertel CEO	2.08% $2.7M	0.03% 125.0K shares	Q4 2024 Held for 11 months	$132.1M
B BASSWOOD CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Bennett David Lindenbaum Managing Partner	2.02% $43.7M	0.51% 2.0M shares	Q3 2014 Held for 11y 2m	$2.2B
Channing Capital Management, LLC Long Only Manager	Rodney Bernard Herenton CEO	1.94% $73.9M	0.86% 3.4M shares	Q1 2023 Held for 2y 8m	$3.8B
E EJF Capital LLC Institution	-	1.91% $3.3M	0.04% 152.2K shares	Q4 2021 Held for 3y 11m	$174.8M
FJ Capital Management LLC Hedge Fund•Long/Short	Martin Saul Friedman Founder	1.71% $17.1M	0.20% 777.2K shares	Q4 2021 Held for 3y 11m	$999.9M

Hedge Fund Spotlight

Discover hedge funds investing in ONB

SANDLER ONEILL ASSET MANAGEMENT LLC

Hedge Fund • Long/Short

Portfolio ManagerTerry Anthony Maltese

Portfolio Value: $646.2M
Positions: 119
Last Reported: Q3 2025

Sector Allocation

Position in Old National Bancorp

Market Value: $844.8K
Shares Held: 38.5K
Portfolio Weight: 0.13%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Citigroup C	Banks - Diversified Financial Services	$21.2M	3.29%
2 Amerant Bancorp AMTB	Banks - Regional Financial Services	$18.6M	2.88%
3 Western Alliance Bancorporation WAL	Banks - Regional Financial Services	$16.0M	2.48%