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Horizon Bancorp
HBNC

92 hedge funds and large institutions have $257M invested in Horizon Bancorp in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 30 increasing their positions, 31 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.67% more ownership

Funds ownership: 64.5% → 66.17% (+1.7%)

3% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 31

4% less capital invested

Capital invested by funds: $267M → $257M (-$10.2M)

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

6% less funds holding

Funds holding: 98 → 92 (-6)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
92
Holders Change
-6
Holders Change %
-6.12%
% of All Funds
2.29%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
11
Increased
30
Reduced
31
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$27.1M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$5.8M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.71M
4
Renaissance Technologies
Renaissance Technologies
New York
+$1.3M
5
SI
Stephens Inc
Arkansas
+$995K

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.4M
2
SCP
Siena Capital Partners
Illinois
-$1.3M
3
TCM
Tradition Capital Management
New Jersey
-$1.27M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$873K
5
EVC
Eidelman Virant Capital
Missouri
-$785K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$1.65M -$147K -8,431 -8%
First Trust Advisors
27
First Trust Advisors
Illinois
$1.51M -$63.7K -3,663 -4%
1SB
28
1ST Source Bank
Indiana
$1.42M – – –
TCM
29
Tradition Capital Management
New Jersey
$1.42M -$1.27M -72,795 -47%
California Public Employees Retirement System
30
California Public Employees Retirement System
California
$1.33M +$123K +7,050 +10%
Wells Fargo
31
Wells Fargo
California
$1.3M -$198K -11,359 -13%
Victory Capital Management
32
Victory Capital Management
Texas
$1.15M -$239K -13,751 -17%
BCM
33
Bridgeway Capital Management
Texas
$1.07M -$20.9K -1,200 -2%
California State Teachers Retirement System (CalSTRS)
34
California State Teachers Retirement System (CalSTRS)
California
$1.03M -$26.1K -1,500 -2%
WSL
35
Western Standard LLC
California
$1.03M – – –
SI
36
Stephens Inc
Arkansas
$1M +$995K +57,210 New
TAM
37
THB Asset Management
Connecticut
$995K +$86.9K +4,995 +10%
Millennium Management
38
Millennium Management
New York
$992K +$987K +56,738 New
HWP
39
Hefty Wealth Partners
Indiana
$979K -$65.2K -3,750 -6%
PI
40
Putnam Investments
Massachusetts
$940K -$28.2K -1,620 -3%
Deutsche Bank
41
Deutsche Bank
Germany
$928K -$171K -9,855 -16%
KCM
42
Kennedy Capital Management
Missouri
$912K -$18K -1,032 -2%
Swiss National Bank
43
Swiss National Bank
Switzerland
$907K – – –
EVC
44
Eidelman Virant Capital
Missouri
$901K -$785K -45,150 -47%
TA
45
Teachers Advisors
New York
$833K +$24.8K +1,426 +3%
Federated Hermes
46
Federated Hermes
Pennsylvania
$815K +$344K +19,764 +74%
Morgan Stanley
47
Morgan Stanley
New York
$791K -$783K -44,981 -50%
Charles Schwab
48
Charles Schwab
California
$783K – – –
MA
49
Minerva Advisors
Pennsylvania
$781K – – –
RhumbLine Advisers
50
RhumbLine Advisers
Massachusetts
$601K +$21.4K +1,230 +4%
1
2
3 4 5

HBNC Hedge Fund Activity: Q1 2017 in Review

92 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Horizon Bancorp (HBNC) for Q1 2017, worth a combined $257M — down 3.8% from $267M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of HBNC and 11 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 30 added.

The largest buyer was BlackRock, adding an estimated $27.1M. The largest seller was Fidelity Investments, exiting entirely with an estimated $1.4M sold.

  • 92 institutional investors held Horizon Bancorp (HBNC) as of Q1 2017, down from 98 in Q4 2016.
  • Funds reported $257M of Horizon Bancorp stock for Q1 2017, down 3.8% quarter-over-quarter.
  • 11 funds opened new Horizon Bancorp positions in Q1 2017 and 12 closed out, a net change of -1 holder.
  • The largest Horizon Bancorp buyer in Q1 2017 was BlackRock, an estimated $27.1M added.
  • The largest Horizon Bancorp seller in Q1 2017 was Fidelity Investments, an estimated $1.4M sold.

Based on aggregated 13F filings for Q1 2017.