Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Horace Mann Educators Corp N (HMN)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — HMN

Based on 249 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their HMN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
249 hedge funds hold HMN 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 — +14% more funds vs a year ago

fund count last 6Q
+30 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

115 buying128 selling
Last quarter: 128 funds reduced or exited vs 115 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~34 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 44 → 31 → 35 → 34. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 16% medium ■ 18% new
166 out of 249 hedge funds have held HMN 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.
➡️

Steady discovery — ~34 new funds/quarter

25 → 44 → 31 → 35 → 34 new funds/Q
New funds entering each quarter: 44 → 31 → 35 → 34. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 71% veterans vs 20% newcomers

■ 71% veterans ■ 9% 1-2yr ■ 20% new
Entry-cohort mix of 249 holders: 176 (71%) are 2+ year veterans, 22 entered 1–2 years ago, and 51 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
50 of 249 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in HMN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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.

Institutional Sentiment Summary — HMN

In 2026 Q1, 115 hedge funds were net buyers of HMN (34 opened a new position, 81 added to an existing one), while 128 reduced or exited (92 trimmed, 36 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 44% of total institutional value in HMN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 249.

Hedge Fund Ownership: HMN

How many hedge funds hold HMN — quarterly history vs. share price
Quarterly hedge fund ownership of HMN vs. share price

Market Analysis: HMN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HMN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Horace Mann Educators Corp N (HMN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HMN has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
HMN
nan%
XLF
+8.5%

HMN outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
HMN
nan%
XLF
+4.8%

Since the filing became public, HMN outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

24 top-rated funds 0 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: HMN
247 + Investors

Track Smart Money conviction in HMN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 247 251 -1.59%
13F Shares 41M 41M 0.24%
Total Value $1.60B $1.77B -9.55%
New Positions 33 35 -2
Increased Positions 79 81 -2
Closed Positions 37 22 +15
Reduced Positions 93 96 -3
Total Calls 0 1 -100.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: HMN

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

247 + investors

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

QUARTER:
Top 25 HMN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Icon Advisers Inc/Co 1.50% 152,037 $6.5M
2 Mitsubishi UFJ Asset Management (UK) Ltd. 0.84% 38,000 $1.6M
3 Bragg Financial Advisors, Inc 0.61% 455,376 $19.4M
4 Palisade Capital Management, LP 0.42% 296,035 $12.6M
5 Hennessy Advisors Inc 0.31% 203,000 $8.7M
6 Bridgeway Capital Management, LLC 0.29% 336,776 $14.4M
7 Fuller & Thaler Asset Management, INC. 0.29% 1,985,506 $84.7M
8 Emerald Investment Advisers, LLC 0.25% 64,679 $2.8M
9 Edgestream Partners, L.P. 0.23% 163,101 $7.0M
10 Earnest Partners LLC 0.20% 1,126,831 $48.1M
11 Hodges Capital Management Inc. 0.19% 54,910 $2.3M
12 iSAM Funds (UK) Ltd 0.17% 8,107 $346K
13 MQS Management LLC 0.15% 5,362 $229K
14 Odyssean, LLC 0.15% 9,558 $408K
15 R Squared Ltd 0.13% 5,640 $241K
16 AlphaQuest LLC 0.13% 50,247 $2.3M
17 Hotchkis & Wiley Capital Management LLC 0.07% 539,257 $23.0M
18 NJ State Employees Deferred Compensation Plan 0.07% 14,000 $632K
19 Hillsdale Investment Management Inc. 0.07% 57,600 $2.5M
20 CFG Wealth Management Services, Inc. 0.07% 1,580 $73K
21 Tectonic Advisors LLC 0.06% 26,728 $1.1M
22 North Star Investment Management Corp. 0.06% 23,000 $982K
23 Brown Advisory Inc 0.06% 806,855 $34.4M
24 Martingale Asset Management L P 0.05% 51,139 $2.2M
25 Empowered Funds, LLC 0.05% 194,776 $8.3M
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 — Horace Mann Educators Corp N (HMN)

What does the Smart Money Trend signal show for HMN?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their HMN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for HMN?

More sellers than buyers — 47% buying: Last quarter: 128 funds reduced or exited vs 115 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for HMN holders?

Elite ownership — 44% AUM from top-100 funds: 50 of 249 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in HMN. 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 HMN?

67% of holders stayed for 2+ years: 166 out of 249 hedge funds have held HMN 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.

Is it too late to buy Horace Mann Educators Corp N (HMN) following the 2026 Q1 hedge fund 13F filings?

As of today, HMN has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), HMN has gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →