Horizon Bancorp Ind (HBNC) Hedge Fund Ownership (Q2 2026)

Horizon Bancorp Ind (HBNC)

200 + Investors. Track Smart Money conviction in HBNC. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — HBNC

Based on 204 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added HBNC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

204 hedge funds hold HBNC right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q

+26 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟡

Slight buying edge — 58% buying

105 buying76 selling

Last quarter: 105 funds bought or added vs 76 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

➡️

Steady new buyers — ~26 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 44 → 23 → 24 → 26. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 26% medium ■ 15% new

119 out of 204 hedge funds have held HBNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💰

Value +34% but shares only +6% — price-driven

Value

+34%

+5%

Last quarter: the total dollar value of institutional holdings rose +34%, but actual share count only changed +6%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.

📊

Peak discovery — momentum slowing

20 → 44 → 23 → 24 → 26 new funds/Q

New funds entering each quarter: 44 → 23 → 24 → 26. HBNC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Veteran-anchored — 63% veterans vs 23% newcomers

■ 63% veterans ■ 14% 1-2yr ■ 23% new

Entry-cohort mix of 204 holders: 129 (63%) are 2+ year veterans, 29 entered 1–2 years ago, and 46 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds

47 of 203 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in HBNC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

3.4

out of 10

Low Exit Risk

Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	200	195	2.56%
13F Shares	41M	40M	2.42%
Total Value	$785M	$634M	23.93%
New Positions	25	24	+1
Increased Positions	78	70	+8
Closed Positions	19	31	-12
Reduced Positions	58	52	+6
Total Calls	1	2	-50.0%
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

200

195

2.56%

13F Shares

41M

40M

2.42%

Total Value

$785M

$634M

23.93%

New Positions

Increased Positions

Closed Positions

-12

Reduced Positions

Total Calls

-50.0%

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

200 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HBNC. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 HBNC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	PL Capital Advisors, LLC	10.07%	1,812,825	$36.2M
2	Horizon Bancorp Inc /In/	4.17%	445,103	$8.9M
3	Elizabeth Park Capital Advisors, Ltd.	3.93%	284,669	$5.7M
4	FJ Capital Management LLC	3.23%	1,246,550	$24.9M
5	Maltese Capital Management LLC	2.59%	710,000	$14.2M
6	Stieven Capital Advisors, L.P.	2.25%	589,179	$11.8M
7	Pacific Ridge Capital Partners, LLC	1.54%	425,352	$8.5M
8	Siena Capital Partners GP, LLC	0.97%	200,000	$4.0M
9	Bayview Asset Management, LLC	0.46%	113,500	$2.3M
10	Minerva Advisors LLC	0.44%	35,052	$700K
11	Harbour Trust & Investment Management Co	0.33%	170,742	$3.4M
12	Thurston, Springer, Miller, Herd & Titak, INC.	0.26%	35,913	$718K
13	Atom Investors LP	0.25%	142,466	$2.8M
14	Indiana Trust & Investment Management Co	0.21%	38,700	$773K
15	Polymer Capital Management (US) LLC	0.18%	69,587	$1.4M
16	Kennedy Capital Management LLC	0.17%	481,470	$9.6M
17	B.O.S.S. Retirement Advisors, LLC	0.17%	31,276	$625K
18	VARCOV Co.	0.16%	21,605	$432K
19	HoldCo Asset Management, LP	0.12%	91,756	$1.8M
20	Numerai GP LLC	0.09%	57,517	$1.1M
21	Oxford Financial Group, LTD. LLC	0.08%	82,814	$1.7M
22	Fox Run Management, L.L.C.	0.08%	24,184	$483K
23	Ami Investment Management Inc	0.05%	11,823	$236K
24	Deprince Race & Zollo Inc	0.04%	117,943	$2.4M
25	Adage Capital Partners GP, L.L.C.	0.04%	1,368,401	$27.3M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Horizon Bancorp Ind (HBNC)

What does the Smart Money Trend signal show for HBNC?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added HBNC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HBNC?

Slight buying edge — 58% buying: Last quarter: 105 funds bought or added vs 76 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HBNC holders?

Elite ownership — 63% AUM from top-100 funds: 47 of 203 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in HBNC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HBNC?

58% of holders stayed for 2+ years: 119 out of 204 hedge funds have held HBNC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Horizon Bancorp Ind (HBNC)

Smart Money Signals — HBNC

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Steady growth — +15% more funds vs a year ago

Slight buying edge — 58% buying

Steady new buyers — ~26 new funds per quarter

58% of holders stayed for 2+ years

Value +34% but shares only +6% — price-driven

Peak discovery — momentum slowing

Veteran-anchored — 63% veterans vs 23% newcomers

Elite ownership — 63% AUM from top-100 funds

Institutional Sentiment Summary — HBNC

Hedge Fund Ownership: HBNC

Market Analysis: HBNC

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: HBNC

Hedge Fund Positioning: HBNC

Statistics: HBNC

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Horizon Bancorp Ind (HBNC)

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