Horizon Bancorp
HBNC
107 hedge funds and large institutions have $395M invested in Horizon Bancorp in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 37 increasing their positions, 32 reducing their positions, and 12 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 32
14% more capital invested
Capital invested by funds: $348M → $395M (+$47.4M)
3.67% more ownership
Funds ownership: 73.59% → 77.27% (+3.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 114 → 107 (-7)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Epoch Investment Partners
New York
|
+$12.4M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
+$4.73M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.12M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.26M |
| 5 |
MCM
Maltese Capital Management
New York
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FVP
Firefly Value Partners
Newtown,
Pennsylvania
|
-$5.54M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.87M |
| 3 |
AMI
Amica Mutual Insurance
Providence,
Rhode Island
|
-$1.11M |
| 4 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$929K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$843K |
HBNC Hedge Fund Activity: Q1 2018 in Review
107 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Horizon Bancorp (HBNC) for Q1 2018, worth a combined $395M — up 14% from $348M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of HBNC and 6 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 37 added.
The largest buyer was Epoch Investment Partners, adding an estimated $12.4M. The largest seller was Firefly Value Partners, exiting entirely with an estimated $5.54M sold.
- 107 institutional investors held Horizon Bancorp (HBNC) as of Q1 2018, down from 114 in Q4 2017.
- Funds reported $395M of Horizon Bancorp stock for Q1 2018, up 14% quarter-over-quarter.
- 6 funds opened new Horizon Bancorp positions in Q1 2018 and 12 closed out, a net change of -6 holders.
- The largest Horizon Bancorp buyer in Q1 2018 was Epoch Investment Partners, an estimated $12.4M added.
- The largest Horizon Bancorp seller in Q1 2018 was Firefly Value Partners, an estimated $5.54M sold.
Based on aggregated 13F filings for Q1 2018.