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 ($789.6k this quarter). Holder counts are more reliable. Shares outstanding: 47.1m as of 2024-06-29, 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 ≈ $45.02. Options: 5 managers hold calls ($823.3k notional), 2 hold puts ($99.0k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 165 |
| Q4 2022 | 172 |
| Q1 2023 | 176 |
| Q2 2023 | 173 |
| Q3 2023 | 189 |
| Q4 2023 | 213 |
| Q1 2024 | 229 |
| Q2 2024 | 219 |
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 |
| Q3 2023 | 79 | 88 |
| Q4 2023 | 97 | 87 |
| Q1 2024 | 102 | 100 |
| Q2 2024 | 102 | 106 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $774.9k | $349.4k | 0.45 |
| Q4 2023 | $1.7m | $79.5k | 0.05 |
| Q1 2024 | $1.2m | $31.1k | 0.03 |
| Q2 2024 | $823.3k | $99.0k | 0.12 |
Biggest buyers
| FRANKLIN RESOURCES INC | Added | +468.0k |
| Weiss Asset Management LP | New | +239.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +137.8k |
| SG Capital Management LLC | New | +114.5k |
| VANGUARD GROUP INC | Added | +81.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | New | +67.4k |
| FMR LLC | Added | +58.8k |
| GOLDMAN SACHS GROUP INC | Added | +58.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +50.9k |
| PANAGORA ASSET MANAGEMENT INC | New | +47.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -1.3m |
| DEUTSCHE BANK AG\ | Reduced | -144.2k |
| PRUDENTIAL FINANCIAL INC | Reduced | -99.0k |
| Edgestream Partners, L.P. | Reduced | -85.0k |
| OBERWEIS ASSET MANAGEMENT INC/ | Sold out | -83.4k |
| Cubist Systematic Strategies, LLC | Sold out | -79.7k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -68.4k |
| Advisors Asset Management, Inc. | Reduced | -66.6k |
| CITADEL ADVISORS LLC | Reduced | -62.6k |
| JPMORGAN CHASE & CO | Reduced | -61.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $355.7k7.9k shares |
| SIMPLEX TRADING, LLC | Added | $193.0k4.3k shares |
| GROUP ONE TRADING LLC | Reduced | $184.6k4.1k shares |
| CITADEL ADVISORS LLC | Reduced | $90.0k2.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $99.0k2.2k 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 2024
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 2022 | 0 | — | 1 | $52.4k | — |
| Q4 2022 | 0 | — | 1 | $84.0k | — |
| Q1 2023 | 0 | — | 2 | $290.4k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 4 | $3.0m | $3.0m |
| Q1 2024 | 0 | — | 5 | $958.4k | $958.4k |
| Q2 2024 | 0 | — | 4 | $1.0m | $1.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-05 | Bridges Marshall H SVP & Chief Financial Officer | Sold plan | $389.1k8.6k shares |
| 2024-06-04 | Meade Donna D VP, Member Relations | Sold plan | $459.7k10.0k shares |
| 2024-05-13 | Porcellato Larry B Director | Sold plan | $922 shares |
| 2024-05-10 | Porcellato Larry B Director | Sold plan | $9.3k202 shares |
| 2024-05-09 | Porcellato Larry B Director | Sold plan | $82.6k1.8k shares |
| 2024-05-09 | CALADO MIGUEL M Director | Sold plan | $78.5k1.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 7.4m $334.8m | Reduced -12.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.6m $254.3m | Added +81.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.13% of their portfolio | 3.3m $146.7m | Unchanged |
| NORTHERN TRUST CORP 0.02% of their portfolio | 2.2m $98.4m | Reduced -19.3k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 2.1m $93.4m | Added +468.0k |
| STATE STREET CORP 0.00% of their portfolio | 1.9m $83.5m | Added +7.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.6m $73.2m | Added +9.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $48.5m | Added +50.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 796.5k $35.9m | Added +7.5k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 781.8k $35.2m | Reduced -50.9k |
| MORGAN STANLEY 0.00% of their portfolio | 673.8k $30.3m | Reduced -1.3m |
| Bank of New York Mellon Corp 0.00% of their portfolio | 565.0k $25.4m | Added +17.2k |
| CRAWFORD INVESTMENT COUNSEL INC 0.46% of their portfolio | 539.8k $24.3m | Reduced -28.9k |
| FMR LLC 0.00% of their portfolio | 489.2k $22.0m | Added +58.8k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.60% of their portfolio | 436.7k $19.7m | Reduced -39.5k |
| Invesco Ltd. 0.00% of their portfolio | 363.2k $16.4m | Added +36.5k |
| NORGES BANK 0.00% of their portfolio | 308.3k $13.9m | Added +38.0k |
| LONE PEAK GLOBAL INVESTORS LLC 2.85% of their portfolio | 291.5k $13.1m | Added +37.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 287.8k $13.0m | Added +137.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 267.0k $12.0m | Reduced -28.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 251.2k $11.3m | Added +58.0k |
| Weiss Asset Management LP 0.52% of their portfolio | 239.5k $10.8m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 234.1k $10.5m | Reduced -7.8k |
| Man Group plc 0.03% of their portfolio | 216.6k $9.8m | Added +6.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 193.9k $8.7m | Added +4.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 177.4k $8.0m | Reduced -61.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 151.3k $6.8m | Added +23.0k |
| ProShare Advisors LLC 0.02% of their portfolio | 150.5k $6.8m | Reduced -28.0k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 140.6k $6.3m | Reduced -99.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 140.3k $6.3m | Reduced -2.4k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 133.7k $6.0m | Reduced -11.9k |
| Legal & General Group Plc 0.00% of their portfolio | 128.3k $5.8m | Reduced -1.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 122.0k $5.5m | Added +46.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 117.8k $5.3m | Added +28.8k |
| Advisors Asset Management, Inc. 0.10% of their portfolio | 115.3k $5.2m | Reduced -66.6k |
| SG Capital Management LLC 0.87% of their portfolio | 114.5k $5.2m | New |
| Allianz Asset Management GmbH 0.01% of their portfolio | 110.7k $5.0m | Reduced -40.8k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 104.1k $4.7m | Added +8.6k |
| JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio | 102.5k $4.6m | Added +162 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 93.5k $4.2m | Added +1.2k |
| Swiss National Bank 0.00% of their portfolio | 93.0k $4.2m | Added +1.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 89.5k $4.0m | Added +19.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 88.2k $4.0m | Added +4.8k |
| Hillsdale Investment Management Inc. 0.30% of their portfolio | 85.6k $3.9m | Reduced -2.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 80.8k $3.6m | Reduced -5.1k |
| Orion Porfolio Solutions, LLC 0.03% of their portfolio | 69.2k $3.1m | Reduced -3.1k |
| Orion Portfolio Solutions, LLC 0.03% of their portfolio | 69.2k $3.1m | Reduced -3.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 67.4k $3.0m | New |
| SAPIENT CAPITAL LLC 0.06% of their portfolio | 60.1k $2.7m | Unchanged |
| MARTINGALE ASSET MANAGEMENT L P 0.06% of their portfolio | 57.0k $2.6m | Added +9.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 54.5k $2.5m | Added +9.0k |
| GRACE & WHITE INC /NY 0.45% of their portfolio | 53.5k $2.4m | Unchanged |
| ALGERT GLOBAL LLC 0.08% of their portfolio | 52.3k $2.4m | Reduced -27.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 50.2k $2.3m | Reduced -1.7k |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 48.6k $2.2m | Added +19.8k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 47.7k $2.1m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 47.1k $2.1m | Reduced -847 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 46.1k $2.1m | Reduced -408 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 44.5k $2.0m | Added +25.0k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 43.7k $2.0m | Reduced -20.9k |
| Livforsakringsbolaget Skandia, Omsesidigt 0.15% of their portfolio | 40.2k $1.8m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 39.5k $1.8m | Added +1.2k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 39.3k $1.8m | Reduced -1.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 38.9k $1.7m | Added +8.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 36.6k $1.6m | Added +2.8k |
| CITIGROUP INC 0.00% of their portfolio | 36.5k $1.6m | Reduced -220 |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 34.9k $1.6m | Added +11.7k |
| GLOBEFLEX CAPITAL L P 0.16% of their portfolio | 34.9k $1.6m | Added +31.9k |
| Arjuna Capital 0.42% of their portfolio | 34.9k $1.6m | Added +534 |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 33.9k $1.5m | Added +867 |
| OXFORD FINANCIAL GROUP, LTD. LLC 0.10% of their portfolio | 33.6k $1.5m | Added +256 |
| Inspire Advisors, LLC 0.19% of their portfolio | 32.7k $1.5m | New |
| MIdWestOne Financial Group, Inc. 0.26% of their portfolio | 32.2k $1.5m | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 31.7k $1.4m | Added +13.4k |
| FIFTH THIRD BANCORP 0.01% of their portfolio | 31.2k $1.4m | Reduced -123 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 30.3k $1.4m | Added +4.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 30.2k $1.4m | Added +4.8k |
| BARCLAYS PLC 0.00% of their portfolio | 29.4k $1.3m | Reduced -26.0k |
| Larson Financial Group LLC 0.09% of their portfolio | 28.6k $1.3m | New |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 28.4k $1.3m | New |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 27.8k $1.2m | Reduced -607 |
| Corebridge Financial, Inc. 0.01% of their portfolio | 27.3k $1.2m | First filing |
| SummerHaven Investment Management, LLC 0.80% of their portfolio | 27.1k $1.2m | Added +338 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 27.1k $1.2m | Added +2.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 26.8k $1.2m | Added +6.5k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 26.8k $1.2m | Added +35 |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 26.4k $1.2m | Reduced -1.4k |
| UBS Group AG 0.00% of their portfolio | 26.0k $1.2m | Reduced -36.4k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 26.0k $1.2m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 25.8k $1.2m | Added +1.0k |
| Summit Global Investments 0.08% of their portfolio | 24.7k $1.1m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 24.5k $1.1m | Reduced -68.4k |
| Virtus Investment Advisers, LLC 0.91% of their portfolio | 24.0k $1.1m | Unchanged |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 23.8k $1.1m | Added +700 |
| Jackson Creek Investment Advisors LLC 0.39% of their portfolio | 23.7k $1.1m | Reduced -38 |
| Engineers Gate Manager LP 0.02% of their portfolio | 23.2k $1.0m | Added +6.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 22.8k $1.0m | First filing |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 22.7k $1.0m | Unchanged |
| Petrus Trust Company, LTA 0.09% of their portfolio | 22.5k $1.0m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 21.7k $978.0k | Reduced -6.1k |