13F-HR: Horizon Bancorp Discloses Q3 2025 Equity Holdings

Horizon Bancorp Inc. reported its institutional investment holdings for the quarter ended September 30, 2025, totaling $209.67 million across 189 distinct securities.

Summary

• Horizon Bancorp Inc. /IN/ filed its Form 13F-HR for the calendar quarter ended September 30, 2025.
• The total market value of institutional investment holdings reported was $209,665,000.
• The report detailed 189 distinct securities held within the portfolio.
• No other institutional investment managers were included in this report.
• Rebecca L. Greenlaw, VP, Trust Operations and Risk Management, signed the report on behalf of Horizon Bancorp Inc. on October 21, 2025.

Sentiment

Score: 5

Explanation: The filing is a standard regulatory disclosure of institutional holdings and does not contain information that inherently indicates positive or negative sentiment regarding the company's operational performance or future prospects. It is a neutral, factual report.

Positives

• A diversified portfolio of 189 distinct securities, including significant allocations to large-cap technology, healthcare, financials, and various exchange-traded funds (ETFs).
• Total reported holdings value of $209.67 million demonstrates substantial assets under management.
• The portfolio includes a notable position in Horizon Bancorp's own common stock, with 582,099 shares valued at approximately $9.32 million.

Negatives

• No specific negative financial performance or operational issues are disclosed, as this is a holdings report rather than a financial performance statement.
• The filing does not provide insights into the performance of the reported holdings or the effectiveness of the investment strategy.

Risks

• Exposure to market volatility across equity and ETF holdings.
• Potential concentration risk within specific sectors or individual large-cap stocks.
• Interest rate sensitivity for fixed-income related ETFs.
• General economic downturns or geopolitical events could adversely affect portfolio valuations.

Future Outlook

Not applicable, as Form 13F filings are backward-looking disclosures of past holdings and do not provide forward-looking statements or guidance.

Management Comments

• Not applicable, as Form 13F filings do not typically include narrative management comments or notable quotes beyond the certification statement.

Industry Context

This Form 13F filing is a routine quarterly disclosure required for institutional investment managers with over $100 million in assets under management, providing transparency into their equity portfolios. Horizon Bancorp's diversified holdings reflect common strategies among financial institutions to manage client assets across various market segments.

Comparison to Industry Standards

• Without specific industry benchmarks for Horizon Bancorp's peer group or detailed investment strategy disclosures, a direct comparison of its portfolio composition and performance against industry standards is not feasible based solely on this filing.
• The portfolio's diversification across major U.S. and international equities and ETFs is consistent with broad institutional investment practices for managing client assets.

Related Party Transactions

• Horizon Bancorp Inc. holds 582,099 shares of its own common stock, valued at approximately $9.32 million, within its reported institutional investment portfolio.

Stakeholder Impact

• Shareholders: Provides transparency into the investment activities and asset allocation of Horizon Bancorp's managed portfolios, which may indirectly reflect on the institution's investment acumen.
• Clients/Beneficiaries: Offers insight into the types of securities and diversification strategies employed for their managed assets.

Next Steps

• Not applicable, as this filing is a backward-looking disclosure of past holdings and does not outline future actions or milestones.

Key Dates

Keywords

Horizon Bancorp, 13F filing, institutional holdings, equity portfolio, investment management, Q3 2025, asset management, stock holdings, ETF holdings