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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
107
Holders Change
-7
Holders Change %
-6.14%
% of All Funds
2.45%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
37
Reduced
32
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
EIP
Epoch Investment Partners
New York
+$12.4M
2
AR
Advisory Research
Illinois
+$4.73M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.12M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.26M
5
MCM
Maltese Capital Management
New York
+$2.2M

Top Sellers

Rank Fund Capital Flow
1
FVP
Firefly Value Partners
Pennsylvania
-$5.54M
2
KCM
Kennedy Capital Management
Missouri
-$1.87M
3
AMI
Amica Mutual Insurance
Rhode Island
-$1.11M
4
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$929K
5
LSV Asset Management
LSV Asset Management
Illinois
-$843K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$38.9M +$305K +15,640 +0.8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$33.2M +$792K +40,578 +3%
Manulife (Manufacturers Life Insurance)
3
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$31.6M +$447K +22,899 +1%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$29M +$2.26M +115,700 +9%
AR
5
Advisory Research
Illinois
$27.9M +$4.73M +242,559 +21%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$27.1M +$4.12M +211,123 +18%
PCA
7
PL Capital Advisors
Florida
$26.7M – – –
EIP
8
Epoch Investment Partners
New York
$23.3M +$12.4M +636,810 +120%
State Street
9
State Street
Massachusetts
$14.1M +$374K +19,153 +3%
Renaissance Technologies
10
Renaissance Technologies
New York
$14.1M +$1.94M +99,450 +16%
JAM
11
Jacobs Asset Management
New York
$9.84M – – –
Comerica Bank
12
Comerica Bank
Texas
$8.09M +$2.19M +112,114 +38%
Northern Trust
13
Northern Trust
Illinois
$7.9M +$58.8K +3,012 +0.8%
FP
14
Foundry Partners
Minnesota
$7.2M +$62.2K +3,188 +0.9%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$6.18M +$255K +13,065 +4%
LSV Asset Management
16
LSV Asset Management
Illinois
$4.99M -$843K -43,200 -15%
PRCP
17
Pacific Ridge Capital Partners
Oregon
$4.49M +$12.9K +660 +0.3%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$4.22M +$127K +6,489 +3%
Thrivent Financial for Lutherans
19
Thrivent Financial for Lutherans
Minnesota
$3.97M -$210K -10,787 -5%
MCM
20
Maltese Capital Management
New York
$3.6M +$2.2M +112,500 +167%
Charles Schwab
21
Charles Schwab
California
$3.52M +$361K +18,492 +12%
Deutsche Bank
22
Deutsche Bank
Germany
$3.18M -$246K -12,592 -7%
TCIM
23
TIAA CREF Investment Management
New York
$2.71M +$42.4K +2,174 +2%
APFBOT
24
Amica Pension Fund Board of Trustees
Rhode Island
$2.61M – – –
RCAMU
25
Rothschild & Co Asset Management US
Connecticut
$2.57M -$262K -13,446 -9%
1
2 3 4 5

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.