Institutional Manager · CIK 0000706129

HORIZON BANCORP INC /IN/

MICHIGAN CITY, IN · File #028-06479

Latest AUM

$205,427

Positions

194

Top-10 Concentration

76.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	Vanguard Bd Index Fds	921937835	-10,219	-$757	-$181
REDUCE	Vanguard Index Funds Growth ETF	922908736	-920	-$449	+$183
REDUCE	Ishares Intermediate Government Credit ETF	464288612	-3,564	-$383	-$24
REDUCE	Abbott Labs	ABLZF	-2,813	-$352	-$41
REDUCE	ETF Vanguard Value	922908744	-1,702	-$325	+$246
REDUCE	Ishares Msci Eafe Index	464287465	-3,124	-$300	+$274
REDUCE	Ishares Msci Emerging Markets	464287234	-5,253	-$287	+$193
REDUCE	Alphabet Inc Cl A	GOOG	-881	-$276	+$258
NEW	Emerson Elec Co	EMR	+2,032	+$270	$0
REDUCE	Ishares Core Msci Eafe ETF	46432F842	-2,800	-$250	+$210

Sector Allocation

17.7%$36,296

5.5%$11,413

2.1%$4,272

1.3%$2,766

Consumer Discretionary

1.1%$2,247

Communication Services

0.5%$1,046

0.4%$900

0.3%$692

0.3%$554

0.2%$339

0.0%$2

Filing History

Feb 11, 202613F HOLDINGS REPORTQ/E Dec 2025194 pos · $205,427
Oct 29, 202513F HOLDINGS REPORTQ/E Sep 2025189 pos · $209,665
Jul 24, 202513F HOLDINGS REPORTQ/E Jun 2025216 pos · $198,642
Apr 23, 202513F HOLDINGS REPORTQ/E Mar 2025183 pos · $176,922
Jan 13, 202513F HOLDINGS REPORTQ/E Dec 2024193 pos · $212,072
Oct 24, 202413F HOLDINGS REPORTQ/E Sep 2024221 pos · $215,968
Jul 24, 202413F HOLDINGS REPORTQ/E Jun 2024228 pos · $210,426
Apr 19, 202413F HOLDINGS REPORT (Amended)Q/E Mar 2024242 pos · $209,885
Apr 19, 202413F HOLDINGS REPORTQ/E Mar 2024242 pos · $0
Oct 24, 202313F HOLDINGS REPORTQ/E Dec 2023245 pos · $156,207

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Vanguard Bd Index Fds	921937835	593,361	$43,950	22.77%
2	Ishares Intermediate Government Credit ETF	464288612	282,625	$30,340	15.72%
3	Vanguard Index Funds Growth ETF	922908736	21,256	$10,370	5.37%
4	ETF Vanguard Value	922908744	53,024	$10,127	5.25%
5	Horizon Bancorp Inc	HBNC	572,459	$9,709	5.03%
6	Ishares Msci Eafe Index	464287465	100,066	$9,609	4.98%
7	Ishares Core Msci Eafe ETF	46432F842	95,319	$8,527	4.42%
8	Flexshares Credit Scored US Corp Bond	FLEX	169,020	$8,303	4.30%
9	Flexshares IBOXX 3 Year Target Date	FLEX	342,306	$8,236	4.27%
10	Ishares Msci Emerging Markets	464287234	142,412	$7,791	4.04%
11	Ishares Russell 2000 Index	464287655	27,680	$6,814	3.53%
12	Flexshares High Yield VL ETF	FLEX	124,791	$5,083	2.63%
13	Flexshares Quality Dividend Index ETF	FLEX	35,119	$2,838	1.47%
14	Flexshares Morningstar Global Ups	FLEX	59,543	$2,730	1.41%
15	Vanguard REIT ETF	922908553	26,839	$2,375	1.23%
16	Nvidia Corp	NVDA	12,437	$2,320	1.20%
17	Microsoft Corp	MSFT	3,821	$1,848	0.96%
18	Pfizer Inc	PFE	68,840	$1,714	0.89%
19	Apple Inc	AAPL	5,798	$1,576	0.82%
20	Amazon.Com Inc	AMZN	5,527	$1,276	0.66%