HORIZON BANCORP INC HBNC
COM · Common Stock · CUSIP 440407104
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersMichigan City, IN
- 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 ($2.0m this quarter). Holder counts are more reliable. Shares outstanding: 51.2m as of 2026-03-11, 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 ≈ $16.57. Options: 3 managers hold calls ($775.5k notional), 0 hold puts (—).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 154 |
| Q4 2022 | 152 |
| Q1 2023 | 150 |
| Q2 2023 | 140 |
| Q3 2023 | 140 |
| Q4 2023 | 151 |
| Q1 2024 | 157 |
| Q2 2024 | 161 |
| Q3 2024 | 165 |
| Q4 2024 | 182 |
| Q1 2025 | 185 |
| Q2 2025 | 186 |
| Q3 2025 | 209 |
| Q4 2025 | 204 |
| Q1 2026 | 198 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 76 | 63 |
| Q3 2024 | 80 | 56 |
| Q4 2024 | 92 | 56 |
| Q1 2025 | 80 | 77 |
| Q2 2025 | 94 | 63 |
| Q3 2025 | 119 | 64 |
| Q4 2025 | 102 | 86 |
| Q1 2026 | 89 | 81 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.5k | $0 | 0.00 |
| Q3 2025 | $504.3k | $70.0k | 0.14 |
| Q4 2025 | $218.8k | $17.0k | 0.08 |
| Q1 2026 | $775.5k | $0 | 0.00 |
Biggest buyers
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +507.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +414.9k |
| Qube Research & Technologies Ltd | New | +384.4k |
| TWO SIGMA INVESTMENTS, LP | Added | +371.0k |
| JENNISON ASSOCIATES LLC | Added | +363.4k |
| KENNEDY CAPITAL MANAGEMENT LLC | Added | +272.3k |
| FJ Capital Management LLC | Added | +207.4k |
| STATE STREET CORP | Added | +178.8k |
| Atom Investors LP | Added | +139.0k |
| Verition Fund Management LLC | New | +135.2k |
Biggest sellers
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -683.5k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Sold out | -603.0k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -441.2k |
| LSV ASSET MANAGEMENT | Reduced | -372.4k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -193.6k |
| TWO SIGMA ADVISERS, LP | Sold out | -180.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -165.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -159.5k |
| ExodusPoint Capital Management, LP | Sold out | -159.3k |
| JPMORGAN CHASE & CO | Reduced | -122.7k |
Biggest calls
| JANE STREET GROUP, LLC | New | $553.4k33.4k shares |
| CITADEL ADVISORS LLC | Added | $207.1k12.5k shares |
| SIMPLEX TRADING, LLC | Unchanged | $14.9k900 shares |
Biggest puts
| None |
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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.8 pts · filed 2026-07-28 | 8.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.1% |
Fell to 5% or below in the last year: BlackRock Portfolio Management LLC (4.4%, 2026-10-27; now reported by BlackRock, Inc.), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), DIMENSIONAL FUND ADVISORS LP (4.7%, 2026-01-21)
Insider purchases and sales in Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 4 | $660.0k | — |
| Q1 2025 | 0 | — | 1 | $171.4k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 5 | $140.0k | 0 | — | — |
| Q4 2025 | 1 | $65.6k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 6.6m $108.9m | Reduced -62.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.2m $36.9m | First filing |
| SAPIENT CAPITAL LLC 0.52% of their portfolio | 2.1m $34.5m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.0m $32.6m | Reduced -441.2k |
| PL Capital Advisors, LLC 9.06% of their portfolio | 1.8m $30.0m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 1.7m $27.5m | Added +178.8k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.6m $26.6m | Added +363.4k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 1.5m $24.4m | Added +507.7k |
| FJ Capital Management LLC 2.41% of their portfolio | 1.3m $21.4m | Added +207.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $21.4m | Added +4.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.1m $18.2m | Reduced -15.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 936.8k $15.5m | First filing |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 779.9k $12.9m | Added +371.0k |
| MALTESE CAPITAL MANAGEMENT LLC 2.47% of their portfolio | 757.3k $12.5m | Reduced -35.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 718.4k $11.9m | Reduced -683.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 610.9k $10.0m | Reduced -122.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 593.1k $10.1m | Unchanged |
| HORIZON BANCORP INC /IN/ 4.47% of their portfolio | 560.4k $9.3m | Reduced -12.0k |
| Stieven Capital Advisors, L.P. 1.98% of their portfolio | 559.4k $9.3m | Added +115.4k |
| MORGAN STANLEY 0.00% of their portfolio | 521.5k $8.6m | Added +117.7k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 492.6k $8.2m | Added +272.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 450.1k $7.5m | Reduced -13.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 442.6k $7.3m | Added +414.9k |
| Pacific Ridge Capital Partners, LLC 1.54% of their portfolio | 428.6k $7.1m | Added +1.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 422.0k $7.0m | Reduced -33.6k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 384.4k $6.4m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 361.4k $6.0m | Reduced -59.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 353.3k $5.9m | Reduced -26.4k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 337.5k $5.6m | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 335.5k $5.6m | Reduced -30.0k |
| CSM Advisors, LLC 0.12% of their portfolio | 306.6k $5.1m | Reduced -1.3k |
| Elizabeth Park Capital Advisors, Ltd. 3.63% of their portfolio | 284.7k $4.7m | Added +28.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 282.6k $4.7m | Reduced -1.6k |
| JACOBS ASSET MANAGEMENT, LLC 2.63% of their portfolio | 265.0k $4.4m | Unchanged |
| Harbour Trust & Investment Management Co 0.37% of their portfolio | 209.2k $3.5m | Reduced -32.0k |
| Siena Capital Partners GP, LLC 0.86% of their portfolio | 200.0k $3.3m | Unchanged |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 180.3k $3.0m | Reduced -1.9k |
| Atom Investors LP 0.18% of their portfolio | 154.7k $2.6m | Added +139.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 153.4k $2.5m | Added +32.5k |
| DEPRINCE RACE & ZOLLO INC 0.05% of their portfolio | 148.0k $2.5m | Reduced -4.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 145.8k $2.4m | Added +48.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 143.1k $2.4m | Reduced -38.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 141.3k $2.3m | Added +64.4k |
| Creative Planning 0.00% of their portfolio | 135.5k $2.2m | Reduced -7.5k |
| Verition Fund Management LLC 0.02% of their portfolio | 135.2k $2.2m | New |
| SEGALL BRYANT & HAMILL, LLC 0.03% of their portfolio | 133.2k $2.2m | Reduced -273 |
| UBS Group AG 0.00% of their portfolio | 120.4k $2.0m | Added +71.7k |
| BAYVIEW ASSET MANAGEMENT, LLC 1.64% of their portfolio | 118.4k $2.0m | Added +22.9k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 106.7k $1.8m | Added +7.3k |
| Nuveen, LLC 0.00% of their portfolio | 106.2k $1.8m | Reduced -115.1k |
| Swiss National Bank 0.00% of their portfolio | 101.0k $1.7m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 98.3k $1.6m | Reduced -43.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 97.0k $1.6m | Unchanged |
| ALGERT GLOBAL LLC 0.02% of their portfolio | 92.2k $1.5m | New |
| HoldCo Asset Management, LP 0.11% of their portfolio | 91.8k $1.5m | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 90.9k $1.5m | Added +57.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 85.1k $1.4m | Added +3.2k |
| OXFORD FINANCIAL GROUP, LTD. LLC 0.07% of their portfolio | 82.8k $1.4m | Reduced -231 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 80.3k $1.3m | Added +37.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 80.0k $1.3m | Added +2.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 79.3k $1.3m | Reduced -37.3k |
| Quantinno Capital Management LP 0.00% of their portfolio | 78.3k $1.3m | Added +31.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 74.0k $1.2m | Reduced -5.5k |
| Invesco Ltd. 0.00% of their portfolio | 69.7k $1.2m | Added +4.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 68.7k $1.1m | Added +46.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 68.2k $1.1m | Reduced -62.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 66.2k $1.1m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 65.7k $1.1m | Added +11.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 64.5k $1.1m | Added +30.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 61.2k $1.0m | Reduced -826 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 61.2k $1.0m | Reduced -193.6k |
| Empowered Funds, LLC 0.01% of their portfolio | 54.2k $897.3k | New |
| GAMCO INVESTORS, INC. ET AL 0.01% of their portfolio | 53.8k $891.5k | Unchanged |
| MANGROVE PARTNERS IM, LLC 0.07% of their portfolio | 52.6k $870.9k | New |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.02% of their portfolio | 50.7k $840.6k | Added +636 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 50.5k $837.5k | Added +6.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 48.1k $796.3k | Reduced -4.8k |
| Numerai GP LLC 0.08% of their portfolio | 45.7k $756.5k | New |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 44.4k $735.2k | Added +235 |
| CITIGROUP INC 0.00% of their portfolio | 43.4k $719.2k | Added +6.3k |
| Blue Trust, Inc. 0.01% of their portfolio | 41.5k $687.1k | Reduced -890 |
| XTX Topco Ltd 0.01% of their portfolio | 41.0k $679.9k | Added +27.6k |
| Squarepoint Ops LLC 0.00% of their portfolio | 40.8k $675.5k | Reduced -25.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 40.7k $674.2k | New |
| Legal & General Group Plc 0.00% of their portfolio | 39.0k $645.6k | Reduced -10.1k |
| Indiana Trust & Investment Management Co 0.20% of their portfolio | 38.7k $641.3k | Unchanged |
| KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio | 37.8k $626.0k | Added +4.0k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 37.0k $613.9k | Added +13.6k |
| Arkadios Wealth Advisors 0.01% of their portfolio | 36.4k $602.4k | New |
| HANCOCK WHITNEY CORP 0.01% of their portfolio | 36.2k $600.0k | Reduced -9.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 36.1k $597.6k | Reduced -31.8k |
| 1ST SOURCE BANK 0.03% of their portfolio | 36.0k $596.5k | Unchanged |
| THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.25% of their portfolio | 35.9k $595.1k | Unchanged |
| Minerva Advisors LLC 0.37% of their portfolio | 35.1k $580.8k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 34.4k $570.7k | Added +53 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 34.2k $566.0k | Added +18.5k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 32.3k $535.3k | First filing |
| HANTZ FINANCIAL SERVICES, INC. 0.01% of their portfolio | 31.5k $523.0k | Added +2.9k |
| B.O.S.S. Retirement Advisors, LLC 0.16% of their portfolio | 31.3k $518.2k | New |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 31.2k $517.3k | Added +19 |