Horizon Bancorp
HBNC
59 hedge funds and large institutions have $56.5M invested in Horizon Bancorp in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 16 increasing their positions, 26 reducing their positions, and 7 closing their positions.
6% less funds holding
Funds holding: 63 → 59 (-4)
11% less capital invested
Capital invested by funds: $63.4M → $56.5M (-$6.97M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
38% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 26
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$1.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$558K |
| 3 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
+$325K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$251K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$170K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$400K |
| 2 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$364K |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$286K |
| 4 |
Axa
Paris,
France
|
-$212K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$209K |
HBNC Hedge Fund Activity: Q1 2014 in Review
59 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Horizon Bancorp (HBNC) for Q1 2014, worth a combined $56.5M — down 11% from $63.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of HBNC and 3 opened new positions — a net loss of 4 holders — while 26 trimmed existing stakes and 16 added.
The largest buyer was PL Capital Advisors, adding an estimated $1.6M. The largest seller was Renaissance Technologies, cutting an estimated $400K.
- 59 institutional investors held Horizon Bancorp (HBNC) as of Q1 2014, down from 63 in Q4 2013.
- Funds reported $56.5M of Horizon Bancorp stock for Q1 2014, down 11% quarter-over-quarter.
- 3 funds opened new Horizon Bancorp positions in Q1 2014 and 7 closed out, a net change of -4 holders.
- The largest Horizon Bancorp buyer in Q1 2014 was PL Capital Advisors, an estimated $1.6M added.
- The largest Horizon Bancorp seller in Q1 2014 was Renaissance Technologies, an estimated $400K sold.
Based on aggregated 13F filings for Q1 2014.