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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
59
Holders Change
-4
Holders Change %
-6.35%
% of All Funds
1.7%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
3
Increased
16
Reduced
26
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCA
PL Capital Advisors
Florida
+$1.6M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$558K
3
BIG
Blackthorn Investment Group
Kansas
+$325K
4
CS
Credit Suisse
Switzerland
+$251K
5
Invesco
Invesco
Georgia
+$170K

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$400K
2
DIA
Dean Investment Associates
Ohio
-$364K
3
RFC
Russell Frank Company
Washington
-$286K
4
Axa
Axa
France
-$212K
5
Northern Trust
Northern Trust
Illinois
-$209K
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
51
Advisors Asset Management
Colorado
$77K -$12.7K -1,280 -14%
FQ
52
First Quadrant
California
$48K -$46.9K -4,725 -49%
EARNEST Partners
53
EARNEST Partners
Georgia
$29K -$11.2K -1,125 -28%
TRCT
54
Tower Research Capital (TRC)
New York
$8K -$19.2K -1,933 -71%
Barclays
55
Barclays
United Kingdom
$7K -$2.93K -295 -28%
Bank of America
56
Bank of America
North Carolina
$2K +$1.7K +171 New
Royal Bank of Canada
57
Royal Bank of Canada
Ontario, Canada
$1K – – –
Manulife (Manufacturers Life Insurance)
58
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$199 -$11.1K -1,120 -5%
BNP Paribas Financial Markets
59
BNP Paribas Financial Markets
France
$100 -$2.37K -239 -96%
RFC
60
Russell Frank Company
Washington
– -$286K -28,483 Closed
GMIM
61
General Motors Investment Management
New York
– -$201K -17,879 Closed
CCMH
62
Cornerstone Capital Management Holdings
New York
– -$132K -11,795 Closed
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
– -$91K -8,118 Closed
U
64
UBS
Switzerland
– -$36K -3,191 Closed
Canada Pension Plan Investment Board
65
Canada Pension Plan Investment Board
Ontario, Canada
– -$25K -2,250 Closed
AllianceBernstein
66
AllianceBernstein
Tennessee
– -$3K -225 Closed
1 2
3

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.