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 ($1.6m this quarter). Holder counts are more reliable. Shares outstanding: 45.8m as of 2025-06-28, 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 ≈ $49.18. Options: 2 managers hold calls ($9.8k notional), 1 hold puts ($0).
Trends to Q2 2025
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 |
| Q3 2024 | 241 |
| Q4 2024 | 229 |
| Q1 2025 | 252 |
| Q2 2025 | 251 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 79 | 88 |
| Q4 2023 | 97 | 87 |
| Q1 2024 | 102 | 100 |
| Q2 2024 | 102 | 106 |
| Q3 2024 | 119 | 104 |
| Q4 2024 | 111 | 110 |
| Q1 2025 | 120 | 109 |
| Q2 2025 | 118 | 135 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $839.4k | $118.4k | 0.14 |
| Q4 2024 | $533.8k | $25.0k | 0.05 |
| Q1 2025 | $79.8k | $48.8k | 0.61 |
| Q2 2025 | $9.8k | $0 | 0.00 |
Biggest buyers
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +872.0k |
| ROYAL BANK OF CANADA | Added | +708.2k |
| Penn Capital Management Company, LLC | New | +180.1k |
| FRANKLIN RESOURCES INC | Added | +164.1k |
| UBS Group AG | Added | +123.8k |
| Hillsdale Investment Management Inc. | New | +115.2k |
| 4D Advisors, LLC | New | +115.0k |
| NEW YORK STATE COMMON RETIREMENT FUND | Added | +110.1k |
| TEACHER RETIREMENT SYSTEM OF TEXAS | Added | +90.2k |
| DIMENSIONAL FUND ADVISORS LP | Added | +73.3k |
Biggest sellers
| BlackRock, Inc. | Reduced | -508.4k |
| SG Capital Management LLC | Reduced | -264.8k |
| Cerity Partners LLC | Sold out | -168.1k |
| Balyasny Asset Management L.P. | Sold out | -162.5k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | Reduced | -108.6k |
| JANE STREET GROUP, LLC | Reduced | -99.5k |
| VANGUARD GROUP INC | Reduced | -98.5k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -78.2k |
| HRT FINANCIAL LP | Reduced | -77.4k |
| NORTHERN TRUST CORP | Reduced | -74.4k |
Biggest calls
| GROUP ONE TRADING LLC | Unchanged | $9.8k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| 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 2025
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 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 |
| Q3 2024 | 0 | — | 7 | $10.5m | $10.5m |
| Q4 2024 | 0 | — | 3 | $1.5m | $1.5m |
| Q1 2025 | 0 | — | 1 | $134.4k | $134.4k |
| Q2 2025 | 0 | — | 2 | $167.8k | $167.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-27 | CALADO MIGUEL M Director | Sold plan | $100.0k2.0k shares |
| 2025-06-13 | Hagedorn Jason Dean President, Allsteel LLC | Sold plan | $67.8k1.4k 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 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.9m $338.5m | Reduced -508.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.5m $269.4m | Reduced -98.5k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.13% of their portfolio | 2.9m $143.8m | Reduced -108.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.1m $104.8m | Reduced -74.4k |
| FMR LLC 0.01% of their portfolio | 2.0m $99.6m | Reduced -18.3k |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $89.2m | Reduced -49.3k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.8m $88.1m | Added +73.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $55.3m | Reduced -13.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 1.1m $55.2m | Added +872.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 879.7k $43.3m | Added +164.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 730.2k $35.9m | Reduced -42.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 716.8k $35.3m | Added +708.2k |
| MORGAN STANLEY 0.00% of their portfolio | 591.5k $29.1m | Reduced -10.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 579.4k $28.5m | Reduced -10.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 543.6k $26.7m | Reduced -10.8k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.62% of their portfolio | 473.6k $23.3m | Added +489 |
| Invesco Ltd. 0.00% of their portfolio | 296.4k $14.6m | Added +11.1k |
| LONE PEAK GLOBAL INVESTORS LLC 2.72% of their portfolio | 290.1k $14.3m | Added +8.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 254.8k $12.5m | Reduced -3.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 244.9k $12.0m | Added +14.4k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 212.2k $10.4m | Reduced -47.8k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 192.1k $9.4m | Reduced -48.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 188.8k $9.3m | Added +46.6k |
| Penn Capital Management Company, LLC 0.77% of their portfolio | 180.1k $8.9m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 173.7k $8.5m | Reduced -45.3k |
| CRAWFORD INVESTMENT COUNSEL INC 0.14% of their portfolio | 159.6k $7.9m | Reduced -11.1k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 158.7k $7.8m | Added +7.2k |
| UBS Group AG 0.00% of their portfolio | 157.7k $7.8m | Added +123.8k |
| Nuveen, LLC 0.00% of their portfolio | 155.0k $7.6m | Reduced -32.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 138.0k $6.8m | Reduced -23.5k |
| SG Capital Management LLC 0.57% of their portfolio | 137.3k $6.8m | Reduced -264.8k |
| ProShare Advisors LLC 0.01% of their portfolio | 136.9k $6.7m | Reduced -31.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 134.2k $6.6m | Added +512 |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 132.7k $6.5m | Reduced -99.5k |
| Legal & General Group Plc 0.00% of their portfolio | 132.6k $6.5m | Added +3.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 126.4k $6.2m | Added +110.1k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 122.4k $6.0m | Added +7.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 117.8k $5.8m | Reduced -176 |
| Hillsdale Investment Management Inc. 0.21% of their portfolio | 115.2k $5.7m | New |
| 4D Advisors, LLC 3.04% of their portfolio | 115.0k $5.7m | New |
| BARCLAYS PLC 0.00% of their portfolio | 103.5k $5.1m | Added +30.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 100.4k $4.9m | Added +90.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 99.9k $4.9m | Added +43.5k |
| Mariner, LLC 0.01% of their portfolio | 99.9k $4.9m | Reduced -2.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 90.1k $4.4m | Reduced -364 |
| Swiss National Bank 0.00% of their portfolio | 89.6k $4.4m | Reduced -2.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 80.4k $4.0m | Reduced -127 |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 76.7k $3.8m | Added +31.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 64.1k $3.2m | Added +1.8k |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 62.3k $3.1m | Added +278 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 61.9k $3.0m | Reduced -6.3k |
| SAPIENT CAPITAL LLC 0.05% of their portfolio | 60.1k $3.0m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 58.0k $2.9m | Reduced -20.3k |
| MARTINGALE ASSET MANAGEMENT L P 0.07% of their portfolio | 57.2k $2.8m | Reduced -1.0k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 56.2k $2.8m | Added +559 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio | 54.8k $2.7m | Added +13.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 54.0k $2.7m | Reduced -19.4k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 49.5k $2.4m | Added +35.2k |
| Atom Investors LP 0.19% of their portfolio | 43.7k $2.2m | Added +31.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 43.5k $2.1m | Added +383 |
| AlphaQuest LLC 0.21% of their portfolio | 43.3k $2.1m | New |
| CITIGROUP INC 0.00% of their portfolio | 42.8k $2.1m | Reduced -28.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 41.7k $2.1m | Added +2.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 41.0k $2.0m | Added +30.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 40.6k $2.0m | Reduced -1.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 38.7k $1.9m | Reduced -2.5k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 37.3k $1.8m | Added +17.4k |
| Squarepoint Ops LLC 0.00% of their portfolio | 36.2k $1.8m | Added +27.8k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 36.2k $1.8m | Reduced -6.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 35.7k $1.8m | Reduced -21.1k |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 35.1k $1.7m | Reduced -39 |
| GLOBEFLEX CAPITAL L P 0.14% of their portfolio | 34.9k $1.7m | Unchanged |
| OXFORD FINANCIAL GROUP, LTD. LLC 0.10% of their portfolio | 34.5k $1.7m | Added +235 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 34.3k $1.7m | Reduced -882 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 33.3k $1.6m | Added +4.4k |
| GRACE & WHITE INC /NY 0.29% of their portfolio | 32.4k $1.6m | Reduced -1.1k |
| MIdWestOne Financial Group, Inc. 0.21% of their portfolio | 32.2k $1.6m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 32.0k $1.6m | Reduced -5.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 31.7k $1.6m | Reduced -717 |
| RITHOLTZ WEALTH MANAGEMENT 0.03% of their portfolio | 31.6k $1.6m | Added +10.9k |
| FIFTH THIRD BANCORP 0.01% of their portfolio | 31.3k $1.5m | Added +70 |
| State of Tennessee, Department of Treasury 0.01% of their portfolio | 31.1k $1.5m | Added +3.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 30.6k $1.5m | Added +2.2k |
| NORGES BANK 0.00% of their portfolio | 30.2k $1.5m | Reduced -49.7k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 30.1k $1.5m | Reduced -30.1k |
| Larson Financial Group LLC 0.06% of their portfolio | 28.6k $1.4m | Reduced -10.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 28.2k $1.4m | Reduced -52 |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 27.7k $1.4m | Added +1.2k |
| DANSKE BANK A/S 0.00% of their portfolio | 27.1k $1.3m | Added +26.9k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 26.6k $1.3m | Reduced -295 |
| ROYCE & ASSOCIATES LP 0.01% of their portfolio | 26.4k $1.3m | Added +7.6k |
| Verition Fund Management LLC 0.01% of their portfolio | 26.2k $1.3m | Reduced -644 |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 25.8k $1.3m | Reduced -10.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 25.4k $1.3m | Reduced -2.8k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 24.8k $1.2m | Reduced -401 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 23.7k $1.2m | Reduced -1.6k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.05% of their portfolio | 23.5k $1.2m | New |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 21.8k $1.1m | Reduced -700 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 20.6k $1.0m | Unchanged |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 20.5k $1.0m | Added +13.5k |