Horizon Bancorp
HBNC
204 hedge funds and large institutions have $680M invested in Horizon Bancorp in 2025 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 85 increasing their positions, 59 reducing their positions, and 26 closing their positions.
1,188% more call options, than puts
Call options by funds: $219K | Put options by funds: $17K
44% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 59
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
10% more capital invested
Capital invested by funds: $618M → $680M (+$62.3M)
2% less funds holding
Funds holding: 209 → 204 (-5)
9.19% less ownership
Funds ownership: 87.47% → 78.28% (-9.2%)
15% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$13.6M |
| 2 |
Jennison Associates
New York
|
+$8.44M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$7.04M |
| 4 |
JP Morgan Chase
New York
|
+$6.13M |
| 5 |
State Street
Boston,
Massachusetts
|
+$4.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$6.61M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$4.46M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$4.21M |
| 4 |
BCM
Basswood Capital Management
New York
|
-$4M |
| 5 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$2.89M |
HBNC Hedge Fund Activity: Q4 2025 in Review
204 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Horizon Bancorp (HBNC) for Q4 2025, worth a combined $680M — up 10% from $618M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of HBNC and 22 opened new positions — a net loss of 4 holders — while 59 trimmed existing stakes and 85 added.
The largest buyer was FJ Capital Management, adding an estimated $13.6M. The largest seller was Hillsdale Investment Management, exiting entirely with an estimated $6.61M sold.
- 204 institutional investors held Horizon Bancorp (HBNC) as of Q4 2025, down from 209 in Q3 2025.
- Funds reported $680M of Horizon Bancorp stock for Q4 2025, up 10% quarter-over-quarter.
- 22 funds opened new Horizon Bancorp positions in Q4 2025 and 26 closed out, a net change of -4 holders.
- The largest Horizon Bancorp buyer in Q4 2025 was FJ Capital Management, an estimated $13.6M added.
- The largest Horizon Bancorp seller in Q4 2025 was Hillsdale Investment Management, an estimated $6.61M sold.
Based on aggregated 13F filings for Q4 2025.