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 ($1.3m this quarter). Holder counts are more reliable. Shares outstanding: 51.3m as of 2026-08-05, 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 ≈ $19.79. Options: 2 managers hold calls ($657.3k notional), 0 hold puts (—).
Trends to Q2 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 |
| Q2 2026 | 205 |
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 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 |
| Q2 2026 | 104 | 75 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $504.3k | $70.0k | 0.14 |
| Q4 2025 | $218.8k | $17.0k | 0.08 |
| Q1 2026 | $775.5k | $0 | 0.00 |
| Q2 2026 | $657.3k | $0 | 0.00 |
Biggest buyers
| ALLIANCEBERNSTEIN L.P. | Added | +1.6m |
| BlackRock, Inc. | Added | +629.4k |
| GOLDMAN SACHS GROUP INC | Added | +453.3k |
| TWO SIGMA INVESTMENTS, LP | Added | +190.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +182.4k |
| MILLENNIUM MANAGEMENT LLC | New | +156.5k |
| STATE STREET CORP | Added | +148.9k |
| Point72 Asset Management, L.P. | Added | +125.2k |
| MARSHALL WACE, LLP | New | +104.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +82.5k |
Biggest sellers
| SAPIENT CAPITAL LLC | Reduced | -2.0m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -394.2k |
| JACOBS ASSET MANAGEMENT, LLC | Sold out | -265.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -201.4k |
| SEGALL BRYANT & HAMILL, LLC | Sold out | -133.2k |
| HORIZON BANCORP INC /IN/ | Reduced | -115.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -102.7k |
| STIFEL FINANCIAL CORP | Reduced | -80.1k |
| CITADEL ADVISORS LLC | Sold out | -68.7k |
| JANE STREET GROUP, LLC | Sold out | -65.7k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $627.4k31.4k shares |
| GROUP ONE TRADING LLC | New | $30.0k1.5k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2026 | 1 | $24.0k | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $161.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-27 | DeRuiter Kathie A Executive Vice President | Sold | $161.5k8.0k shares |
| 2026-04-28 | WALKER BRIAN C Director | Bought | $24.0k1.3k 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 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 7.2m $143.9m | Added +629.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 2.2m $37.0m | Added +1.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.2m $44.0m | Reduced -24.1k |
| PL Capital Advisors, LLC 10.07% of their portfolio | 1.8m $36.2m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 1.8m $36.1m | Added +148.9k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.6m $32.9m | Added +38.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.6m $31.4m | Reduced -394.2k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 1.4m $27.3m | Reduced -102.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.3m $26.8m | Added +51.5k |
| FJ Capital Management LLC 3.23% of their portfolio | 1.2m $24.9m | Reduced -44.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 1.1m $21.8m | Reduced -6.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.0m $20.4m | Added +82.5k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 970.1k $19.4m | Added +190.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 806.6k $16.1m | Added +453.3k |
| MALTESE CAPITAL MANAGEMENT LLC 2.59% of their portfolio | 710.0k $14.2m | Reduced -47.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 657.7k $13.2m | Added +46.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 624.9k $12.5m | Added +182.4k |
| Stieven Capital Advisors, L.P. 2.25% of their portfolio | 589.2k $11.8m | Added +29.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 517.1k $10.3m | Reduced -201.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 493.2k $9.9m | Added +43.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 481.5k $9.6m | Reduced -11.2k |
| MORGAN STANLEY 0.00% of their portfolio | 464.2k $9.3m | Reduced -57.3k |
| HORIZON BANCORP INC /IN/ 4.17% of their portfolio | 445.1k $8.9m | Reduced -115.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 433.1k $8.7m | Added +11.2k |
| Pacific Ridge Capital Partners, LLC 1.54% of their portfolio | 425.4k $8.5m | Reduced -3.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 412.0k $8.2m | Added +76.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 398.4k $8.0m | Added +14.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 339.1k $6.8m | Added +1.5k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 336.2k $6.7m | Reduced -25.3k |
| CSM Advisors, LLC 0.13% of their portfolio | 306.3k $6.1m | Reduced -325 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 289.5k $5.8m | Added +6.9k |
| Elizabeth Park Capital Advisors, Ltd. 3.93% of their portfolio | 284.7k $5.7m | Unchanged |
| Siena Capital Partners GP, LLC 0.97% of their portfolio | 200.0k $4.0m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 195.5k $3.9m | Added +49.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 188.7k $3.8m | Added +8.4k |
| Verition Fund Management LLC 0.02% of their portfolio | 170.8k $3.4m | Added +35.5k |
| Harbour Trust & Investment Management Co 0.33% of their portfolio | 170.7k $3.4m | Reduced -38.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 156.5k $3.1m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 155.5k $3.1m | Added +2.1k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 147.6k $2.9m | Added +125.2k |
| Atom Investors LP 0.25% of their portfolio | 142.5k $2.8m | Reduced -12.3k |
| Creative Planning 0.00% of their portfolio | 140.1k $2.8m | Added +4.6k |
| Quantinno Capital Management LP 0.00% of their portfolio | 135.8k $2.7m | Added +57.4k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 128.1k $2.6m | Reduced -15.0k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 121.4k $2.4m | Added +14.7k |
| Nuveen, LLC 0.00% of their portfolio | 118.6k $2.4m | Added +12.4k |
| DEPRINCE RACE & ZOLLO INC 0.04% of their portfolio | 117.9k $2.4m | Reduced -30.0k |
| BAYVIEW ASSET MANAGEMENT, LLC 1.70% of their portfolio | 113.5k $2.3m | Reduced -4.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 109.2k $2.2m | Reduced -32.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 104.1k $2.1m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 103.3k $2.1m | Added +24.0k |
| Swiss National Bank 0.00% of their portfolio | 102.8k $2.1m | Added +1.7k |
| BARCLAYS PLC 0.00% of their portfolio | 98.5k $2.0m | Added +231 |
| ALGERT GLOBAL LLC 0.02% of their portfolio | 92.2k $1.8m | Unchanged |
| HoldCo Asset Management, LP 0.12% of their portfolio | 91.8k $1.8m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 88.7k $1.8m | Added +8.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 84.1k $1.7m | Reduced -973 |
| OXFORD FINANCIAL GROUP, LTD. LLC 0.08% of their portfolio | 82.8k $1.7m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 82.8k $1.7m | Added +62.9k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 76.9k $1.5m | New |
| Invesco Ltd. 0.00% of their portfolio | 72.5k $1.4m | Added +2.8k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 69.9k $1.4m | Added +55.9k |
| Polymer Capital Management (US) LLC 0.21% of their portfolio | 69.6k $1.4m | New |
| XTX Topco Ltd 0.02% of their portfolio | 69.1k $1.4m | Added +28.1k |
| Man Group plc 0.00% of their portfolio | 68.8k $1.4m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 66.7k $1.3m | Reduced -7.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 63.9k $1.3m | Added +2.7k |
| SAPIENT CAPITAL LLC 0.02% of their portfolio | 63.4k $1.3m | Reduced -2.0m |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 61.1k $1.2m | Added +25.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 61.0k $1.2m | Added +13.0k |
| UBS Group AG 0.00% of their portfolio | 60.9k $1.2m | Reduced -59.5k |
| Numerai GP LLC 0.09% of their portfolio | 57.5k $1.1m | Added +11.9k |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 56.8k $1.1m | New |
| CITIGROUP INC 0.00% of their portfolio | 55.9k $1.1m | Added +12.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 54.8k $1.1m | Reduced -25.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 54.5k $1.1m | Reduced -13.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 50.8k $1.0m | Added +222 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 47.4k $946.9k | Reduced -43.5k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.02% of their portfolio | 46.0k $918.2k | Reduced -4.8k |
| Mariner, LLC 0.00% of their portfolio | 42.5k $849.7k | Added +8.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 41.7k $832.3k | Reduced -24.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 40.1k $801.7k | Added +10.0k |
| Legal & General Group Plc 0.00% of their portfolio | 39.4k $788.0k | Added +480 |
| Blue Trust, Inc. 0.01% of their portfolio | 39.1k $780.6k | Reduced -2.4k |
| Indiana Trust & Investment Management Co 0.21% of their portfolio | 38.7k $773.2k | Unchanged |
| Arkadios Wealth Advisors 0.01% of their portfolio | 37.2k $742.7k | Added +817 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 36.7k $732.6k | Added +11.1k |
| HANCOCK WHITNEY CORP 0.01% of their portfolio | 36.2k $723.5k | Unchanged |
| 1ST SOURCE BANK 0.03% of their portfolio | 36.0k $719.3k | Unchanged |
| THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.26% of their portfolio | 35.9k $717.6k | Unchanged |
| Minerva Advisors LLC 0.44% of their portfolio | 35.1k $700.3k | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 34.2k $683.0k | Unchanged |
| Inspire Investing, LLC 0.03% of their portfolio | 34.0k $680.0k | Added +3.1k |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 33.7k $673.3k | Added +10.0k |
| Trexquant Investment LP 0.00% of their portfolio | 32.0k $638.9k | New |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 31.3k $625.1k | Added +69 |
| B.O.S.S. Retirement Advisors, LLC 0.17% of their portfolio | 31.3k $624.9k | Unchanged |
| KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio | 30.9k $617.9k | Reduced -6.8k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 30.0k $598.4k | Added +2.4k |
| FMR LLC 0.00% of their portfolio | 29.7k $594.0k | Added +15.4k |