HNI CORP HNI
COM · Common Stock · CUSIP 404251100
American office furniture manufacturer
- SectorConsumer discretionary
- IndustryOffice Furniture (No Wood)
- HeadquartersMuscatine, IA
- Founded1944
- Websitehnicorp.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($193.0k this quarter). Holder counts are more reliable. Shares outstanding: 46.5m as of 2023-07-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $28.18. Options: 4 managers hold calls ($425.2k notional), 4 hold puts ($1.0m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 165 |
| Q4 2022 | 172 |
| Q1 2023 | 176 |
| Q2 2023 | 173 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 86 | 72 |
| Q1 2023 | 96 | 78 |
| Q2 2023 | 120 | 66 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $13.0k | $2.0k | 0.15 |
| Q4 2022 | $280.8k | $8.5k | 0.03 |
| Q1 2023 | $419.6k | $267.0k | 0.64 |
| Q2 2023 | $425.2k | $1.0m | 2.38 |
Biggest buyers
| BlackRock Inc. | Added | +836.9k |
| VANGUARD GROUP INC | Added | +380.2k |
| DIMENSIONAL FUND ADVISORS LP | Added | +340.3k |
| STATE STREET CORP | Added | +173.1k |
| PUTNAM INVESTMENTS LLC | New | +165.3k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +141.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +139.4k |
| MORGAN STANLEY | Added | +105.7k |
| Bank of New York Mellon Corp | Added | +101.4k |
| Invesco Ltd. | Added | +90.2k |
Biggest sellers
| Cubist Systematic Strategies, LLC | Sold out | -159.3k |
| FMR LLC | Reduced | -138.8k |
| CITADEL ADVISORS LLC | Reduced | -135.1k |
| JPMORGAN CHASE & CO | Reduced | -85.0k |
| Jump Financial, LLC | Sold out | -51.3k |
| D. E. Shaw & Co., Inc. | Reduced | -50.2k |
| HRT FINANCIAL LP | Sold out | -50.1k |
| Linden Thomas Advisory Services, LLC | Sold out | -35.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -31.2k |
| OCCUDO QUANTITATIVE STRATEGIES LP | Sold out | -25.2k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $397.3k14.1k shares |
| GROUP ONE TRADING LLC | New | $16.9k600 shares |
| SIMPLEX TRADING, LLC | Added | $11.0k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| GROUP ONE TRADING LLC | New | $715.8k25.4k shares |
| CITADEL ADVISORS LLC | Added | $220.6k7.8k shares |
| SIMPLEX TRADING, LLC | Added | $76.0k2.7k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution +3.9 pts · filed 2026-08-06 | 14.8% |
| BlackRock, Inc. 13G · institution filed 2025-07-17 | 14.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $593.5k | — |
| Q1 2022 | 0 | — | 3 | $2.3m | — |
| Q2 2022 | 0 | — | 2 | $280.8k | — |
| Q3 2022 | 0 | — | 1 | $52.4k | — |
| Q4 2022 | 0 | — | 1 | $84.0k | — |
| Q1 2023 | 0 | — | 2 | $290.4k | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 7.4m $209.1m | Added +836.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.2m $147.7m | Added +380.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.11% of their portfolio | 4.0m $113.6m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 2.3m $64.8m | Added +173.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.2m $62.9m | Added +25.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $45.1m | Added +340.3k |
| Invesco Ltd. 0.01% of their portfolio | 1.3m $36.4m | Added +90.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 908.2k $25.6m | Added +139.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 769.5k $21.7m | Added +66.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 729.6k $20.6m | Added +101.4k |
| FMR LLC 0.00% of their portfolio | 715.7k $20.2m | Reduced -138.8k |
| CRAWFORD INVESTMENT COUNSEL INC 0.36% of their portfolio | 623.8k $17.6m | Added +12.9k |
| MORGAN STANLEY 0.00% of their portfolio | 617.5k $17.4m | Added +105.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 459.1k $12.9m | Added +13.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 457.3k $12.9m | Reduced -5.7k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.35% of their portfolio | 388.3k $10.9m | Reduced -7.1k |
| NORGES BANK 0.00% of their portfolio | 349.3k $9.8m | Reduced -15.9k |
| ProShare Advisors LLC 0.03% of their portfolio | 309.2k $8.7m | Added +13.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 264.1k $7.4m | Added +14.2k |
| LONE PEAK GLOBAL INVESTORS LLC 1.98% of their portfolio | 242.9k $6.8m | Reduced -935 |
| Advisors Asset Management, Inc. 0.13% of their portfolio | 233.8k $6.6m | Added +77.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 187.0k $5.3m | Added +78.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 184.7k $5.2m | Added +20.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 180.1k $5.1m | Added +52.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 177.3k $5.0m | Reduced -135.1k |
| PUTNAM INVESTMENTS LLC 0.01% of their portfolio | 165.3k $4.7m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 150.6k $4.2m | Added +141.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 147.7k $4.2m | Added +23.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 147.4k $4.2m | Added +41.6k |
| Legal & General Group Plc 0.00% of their portfolio | 132.1k $3.7m | Added +11.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 129.5k $3.6m | Added +6.0k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 124.4k $3.5m | Reduced -1.6k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 119.8k $3.4m | Added +54.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 107.7k $3.0m | Reduced -85.0k |
| Swiss National Bank 0.00% of their portfolio | 101.0k $2.8m | Added +11.7k |
| Orion Porfolio Solutions, LLC 0.03% of their portfolio | 94.8k $2.7m | Added +23.9k |
| Orion Portfolio Solutions, LLC 0.03% of their portfolio | 94.8k $2.7m | Added +23.9k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 94.0k $2.6m | Added +20.1k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 82.4k $2.3m | Added +9.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 80.7k $2.3m | Unchanged |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 79.6k $2.2m | Added +54.8k |
| GRACE & WHITE INC /NY 0.41% of their portfolio | 78.2k $2.2m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 73.0k $2.1m | Added +11.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 65.2k $1.8m | Added +44.0k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 65.0k $1.8m | Added +10.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 64.0k $1.8m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 63.0k $1.8m | Reduced -2.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 62.4k $1.8m | Added +38.8k |
| EVERETT HARRIS & CO /CA/ 0.02% of their portfolio | 58.0k $1.6m | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 57.3k $1.6m | Added +16.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 56.2k $1.6m | Added +4.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 53.8k $1.5m | Added +23.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 53.5k $1.5m | Added +4.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 52.5k $1.5m | Added +8.7k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 52.4k $1.5m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 46.7k $1.3m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 44.5k $1.3m | Added +3.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 43.9k $1.2m | Added +184 |
| Campbell & CO Investment Adviser LLC 0.22% of their portfolio | 42.9k $1.2m | New |
| TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio | 40.9k $1.2m | Added +3.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 40.3k $1.1m | Added +18.4k |
| CITIGROUP INC 0.00% of their portfolio | 39.3k $1.1m | Added +16.2k |
| BARCLAYS PLC 0.00% of their portfolio | 37.0k $1.0m | Reduced -6.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 34.9k $983.5k | Added +18.0k |
| Jackson Creek Investment Advisors LLC 0.39% of their portfolio | 34.6k $975.0k | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 34.4k $969.4k | Added +11.0k |
| Bragg Financial Advisors, Inc 0.05% of their portfolio | 34.1k $960.9k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 33.6k $947.9k | Reduced -50.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 32.8k $924.2k | Added +9.5k |
| MIdWestOne Financial Group, Inc. 0.20% of their portfolio | 32.2k $907.8k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 31.8k $894.7k | Reduced -19.8k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 31.2k $878.3k | Reduced -143 |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 30.5k $860.0k | Added +2.2k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 28.4k $801.7k | Reduced -22.3k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 28.4k $801.2k | Added +8.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 28.2k $795.0k | Reduced -17.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 28.2k $794.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 26.4k $743.5k | Added +11.5k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 26.3k $742.3k | Added +334 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 26.1k $736.7k | Reduced -19.6k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 24.8k $699.5k | Added +2.3k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 24.6k $692.4k | Added +1.3k |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 24.4k $687.6k | Added +5.1k |
| Investors Research Corp 0.17% of their portfolio | 24.3k $683.8k | Added +22.2k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 24.2k $681.6k | Added +2.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 23.2k $653.3k | Reduced -31.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 22.5k $634.2k | New |
| Skandinaviska Enskilda Banken AB (publ) 0.00% of their portfolio | 21.9k $617.0k | New |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 21.0k $591.6k | Unchanged |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 20.8k $586.1k | Added +10.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 20.6k $580.6k | Reduced -9.1k |
| UBS Group AG 0.00% of their portfolio | 20.4k $574.2k | Added +15.0k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 20.3k $572.4k | Added +1.9k |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 20.1k $567.8k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 19.0k $536.2k | Added +2.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 19.0k $534.2k | Reduced -2.7k |
| AMALGAMATED BANK 0.00% of their portfolio | 18.8k $529.0k | Reduced -98 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 18.7k $526.0k | Added +2.1k |
| SummerHaven Investment Management, LLC 0.33% of their portfolio | 18.6k $525.6k | Reduced -4.6k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 18.6k $524.8k | Added +16 |