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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$27.1M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$5.8M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.71M |
| 4 |
Renaissance Technologies
New York
|
+$1.3M |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$995K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.4M |
| 2 |
SCP
Siena Capital Partners
Chicago,
Illinois
|
-$1.3M |
| 3 |
TCM
Tradition Capital Management
Summit,
New Jersey
|
-$1.27M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$873K |
| 5 |
EVC
Eidelman Virant Capital
Saint Louis,
Missouri
|
-$785K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
101
Prelude Capital Management
New York
| – | -$120K | -6,450 | Closed |
|
102
EARNEST Partners
Atlanta,
Georgia
| – | -$55K | -2,925 | Closed |
|
103
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$16K | -833 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | -$4K | -240 | Closed |
|
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.