Horizon Bancorp Inc.

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 23, 2025), Horizon Bancorp Inc. reported 183 stock positions worth $176.9 million. Its top holding was Vanguard Total Bond Market (BND) at 24.9% of the portfolio, followed by iShares Intermediate Governm (GVI, 16.4%) and iShares MSCI Eafe ETF (EFA, 5.0%). Compared with Q4 2024, it opened 5 new positions, sold out of 15, added to 25 and reduced 98. The biggest buy was iShares Russell 2000 ETF (IWM, shares +7250%) and the biggest sale Vanguard Total Bond Market (BND, shares −31%).

Most Recent 13F: Q2 2026
Location: MICHIGAN CITY, IN
CIK: 0000706129
Portfolio Value: $176.9M (Q1 2025)
SEC Filing: 0000908834-25-000124 ↗ filed Apr 23, 2025

Holdings Value

Holdings 183 stocks · $176.9M


BND Vanguard Total Bond Market	24.91%	599,955	$44.1M	Reduce -31.1%
GVI iShares Intermediate Governm	16.36%	272,967	$28.9M	Reduce -8.1%
EFA iShares MSCI Eafe ETF	4.97%	107,622	$8.8M	Add +1.8%
TDTT NT Iboxx 3Y Dur Tips ETF	4.55%	330,043	$8.0M	Reduce -8.1%
VTV Vanguard Mrngstr Val ETF-Aui	4.44%	45,434	$7.8M	Reduce -35.0%
SKOR NT Crdscr US Corp. BD ETF	4.42%	161,643	$7.8M	Add +1.2%
IEFA iShares Core MSCI Eafe ETF	4.39%	102,739	$7.8M	Add +1.9%
VUG Vanguard Mrngstar GR ETF-Sui	3.99%	19,050	$7.1M	Reduce -33.1%
EEM iShares MSCI Emerging Market	3.62%	146,753	$6.4M	Add +12.2%
HBNC Horizon Bancorp Inc.	3.17%	372,045	$5.6M	Reduce -35.0%
HYGV NT HY Val-SCRD BD ETF	2.53%	110,871	$4.5M	Reduce -5.1%
IWM iShares Russell 2000 ETF	2.45%	21,757	$4.3M	Add +7250.3%
GUNR NT Mstar GLBL NR ETF	1.50%	68,288	$2.6M	Reduce -15.5%
QDF NT Qual Div ETF	1.50%	38,729	$2.6M	Reduce -26.4%
VNQ Vanguard Real Estate ETF	1.42%	27,669	$2.5M	Reduce -9.2%
PFE Pfizer Inc.	0.99%	69,047	$1.8M	Add +1.0%
MSFT Microsoft Corp.	0.60%	2,831	$1.1M	Reduce -13.6%
AAPL Apple Inc.	0.55%	4,413	$980K	Reduce -11.2%
NVDA Nvidia Corp.	0.55%	9,018	$977K	Reduce -10.4%
BRK.B Berkshire Hathaway Inc. Class B	0.44%	1,462	$779K	Reduce -6.3%
AMZN Amazon.com Inc.	0.44%	4,048	$770K	Reduce -10.9%
SPY SS SPDR S&P 500 ETF Trust-US	0.43%	1,369	$766K	Reduce -58.6%
VOE Vngrd Mrngstr MD-Cap Val ETF	0.39%	4,279	$687K	Add +48.9%
ORCL Oracle Corp.	0.38%	4,863	$680K	Reduce -2.8%
NI Nisource Inc.	0.37%	16,197	$649K	No change
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.36%	2,574	$630K	Add +93.5%
JPM JPMorgan Chase & Co.	0.35%	2,500	$613K	Reduce -9.4%
MAS Masco Corp.	0.34%	8,749	$608K	Add +252.6%
ELV Elevance Health Inc.	0.34%	1,378	$599K	Reduce -0.1%
MA Mastercard Inc. Class A	0.28%	920	$504K	Reduce -13.1%
META Meta Platforms Inc. Class A	0.28%	857	$494K	Reduce -17.6%
ABT Abbott Laboratories	0.27%	3,629	$481K	Reduce -8.1%
COST Costco Wholesale Corp.	0.25%	463	$438K	Reduce -24.8%
AAAU Goldman Sachs Physical Gold	0.23%	12,889	$398K	No change
IGM iShares Expanded Tech Sector	0.22%	4,308	$391K	Reduce -12.3%
GOOGL Alphabet Inc. Class A	0.21%	2,373	$367K	Reduce -8.4%
ABBV Abbvie Inc.	0.20%	1,700	$356K	Reduce -8.1%
XOM Exxon Mobil Corp.	0.19%	2,893	$344K	Reduce -5.2%
VBK Van Morst SML-Cap Gro-Usd Inc.	0.18%	1,249	$314K	Reduce -78.5%
VBR Vngrd Mrngst SL-CP Val ETF-U	0.18%	1,668	$311K	Reduce -78.5%
GOOG Alphabet Inc. Class C	0.17%	1,941	$303K	Reduce -9.6%
BLD Topbuild Corp.	0.16%	911	$278K	New
RTX RTX Corp.	0.15%	1,980	$262K	Add +82.8%
CMG Chipotle Mexican Grill Inc.	0.14%	5,079	$255K	Reduce -21.6%
BX Blackstone Inc.	0.14%	1,708	$239K	Add +11.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.14%	1,963	$239K	Reduce -11.9%
CRM Salesforce Inc.	0.13%	882	$237K	Reduce -8.4%
NSC Norfolk Southern Corp.	0.13%	989	$234K	Reduce -9.4%
CTVA Corteva Inc.	0.13%	3,670	$231K	Reduce -21.4%
CVX Chevron Corp.	0.13%	1,370	$229K	Reduce -5.2%
GD General Dynamics Corp.	0.13%	829	$226K	Reduce -14.5%
KO The Coca-Cola Co.	0.12%	3,005	$215K	Reduce -8.3%
MDLZ Mondelez International Inc. Class A	0.12%	3,077	$209K	Reduce -2.3%
COR Cencora Inc.	0.12%	747	$208K	Reduce -12.7%
CSCO Cisco Systems Inc.	0.12%	3,358	$207K	Reduce -12.1%
HD Home Depot Inc.	0.11%	551	$202K	Reduce -6.9%
AMT American Tower Corp.	0.11%	922	$201K	Reduce -5.8%
HON Honeywell International Inc.	0.11%	912	$193K	Reduce -9.3%
AMD Advanced Micro Devices	0.11%	1,866	$192K	Add +37.2%
NOW ServiceNow Inc.	0.11%	240	$191K	Reduce -14.9%
ADBE Adobe Inc.	0.10%	478	$183K	Add +8.1%
MRSH Marsh & McLennan Cos	0.10%	749	$183K	Reduce -26.3%
SCHW Schwab (charles) Corp.	0.10%	2,299	$180K	Reduce -8.3%
ACN Accenture PLC Class A	0.10%	578	$180K	Reduce -14.9%
CVS CVS Health Corp.	0.10%	2,610	$177K	Add +7.4%
SDY SS SPDR S&P Dividend ETF	0.10%	1,286	$174K	Reduce -1.4%
EFV iShares MSCI Eafe Value ETF	0.10%	2,925	$172K	No change
TFC Truist Financial Corp.	0.09%	4,023	$166K	Reduce -10.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.09%	1,631	$161K	Reduce -18.3%
PYPL PayPal Holdings Inc.	0.09%	2,376	$155K	Add +22.9%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.09%	3,714	$155K	Add +17.0%
ADI Analog Devices Inc.	0.09%	757	$153K	Reduce -33.8%
GSK GSK PLC-Spon ADR	0.09%	3,895	$151K	Reduce -8.0%
ICE Intercontinental Exchange Inc.	0.09%	874	$151K	Reduce -30.7%
PG The Procter & Gamble Co.	0.09%	885	$151K	Reduce -10.2%
PANW Palo Alto Networks Inc.	0.08%	869	$148K	Reduce -34.4%
BLK BlackRock Inc.	0.08%	151	$143K	New
XLU St Sr Utl SL SE SPDR ETF-Usd	0.08%	1,805	$142K	Reduce -3.4%
V Visa Inc. Class A	0.08%	400	$140K	No change
XLE SS Energy Select Sector	0.08%	1,484	$139K	Reduce -10.2%
CMCSA Comcast Corp. Class A	0.08%	3,685	$136K	Reduce -11.3%
ZBH Zimmer Biomet Holdings Inc.	0.08%	1,186	$134K	Reduce -10.9%
BDX Becton Dickinson and Co.	0.07%	569	$130K	Add +10.9%
NEE Nextera Energy Inc.	0.07%	1,839	$130K	Reduce -9.4%
LLY Eli Lilly & Co.	0.07%	152	$126K	No change
FDX FedEx Corp.	0.07%	505	$123K	Reduce -9.2%
HBAN Huntington Bancshares Inc.	0.07%	8,151	$122K	No change
BBWI Bath & Body Works Inc.	0.07%	3,935	$119K	Reduce -10.8%
BMY Bristol-Myers Squibb Co.	0.07%	1,904	$116K	Reduce -12.5%
AON Aon PLC Class A	0.07%	290	$116K	No change
BA The Boeing Co.	0.06%	668	$114K	Reduce -60.9%
EOG EOG Resources Inc.	0.06%	875	$112K	Reduce -9.3%
CDW CDW Corp.	0.06%	689	$110K	Reduce -2.0%
VCR Vanguard Consumer Discre ETF	0.06%	329	$107K	Reduce -30.3%
CARR Carrier Global Corp.	0.06%	1,677	$106K	New
SCZ iShares MSCI Eafe Small-Cap	0.06%	1,613	$102K	No change
AVGO Broadcom Inc.	0.06%	599	$100K	New
DD Dupont DE Nemours Inc.	0.05%	1,280	$96K	Reduce -71.0%
JNJ Johnson & Johnson	0.05%	572	$95K	Add +406.2%
BIIB Biogen Inc.	0.05%	627	$86K	Add +36.0%

Show all 183 holdings

Portfolio Sells Q4 2024 → Q1 2025


BND Vanguard Total Bond Market	Reduce -31.1%	24.91%	−4.60
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -33.1%	3.99%	−1.52
HBNC Horizon Bancorp Inc.	Reduce -35.0%	3.17%	−1.18
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -35.0%	4.44%	−1.15
VBK Van Morst SML-Cap Gro-Usd Inc.	Reduce -78.5%	0.18%	−0.59
VBR Vngrd Mrngst SL-CP Val ETF-U	Reduce -78.5%	0.18%	−0.55
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -58.6%	0.43%	−0.48
MRK Merck & Co. Inc.	Reduce -96.1%	0.02%	−0.47
QDF NT Qual Div ETF	Reduce -26.4%	1.50%	−0.25
DD Dupont DE Nemours Inc.	Reduce -71.0%	0.05%	−0.10
NVDA Nvidia Corp.	Reduce -10.4%	0.55%	−0.08
BA The Boeing Co.	Reduce -60.9%	0.06%	−0.08
GWW WW Grainger Inc.	Reduce -78.5%	0.02%	−0.06
MSFT Microsoft Corp.	Reduce -13.6%	0.60%	−0.05
CMG Chipotle Mexican Grill Inc.	Reduce -21.6%	0.14%	−0.04
AMZN Amazon.com Inc.	Reduce -10.9%	0.44%	−0.03
AAPL Apple Inc.	Reduce -11.2%	0.55%	−0.03
NOW ServiceNow Inc.	Reduce -14.9%	0.11%	−0.03
PANW Palo Alto Networks Inc.	Reduce -34.4%	0.08%	−0.03
MCHP Microchip Technology Inc.	Reduce -79.6%	0.01%	−0.03
PM Philip Morris International	Sold out	0.00%	−0.03
DOW Dow Inc.	Reduce -89.8%	0.00%	−0.03
ADI Analog Devices Inc.	Reduce -33.8%	0.09%	−0.03
NOC Northrop Grumman Corp.	Sold out	0.00%	−0.03
GOOGL Alphabet Inc. Class A	Reduce -8.4%	0.21%	−0.02
VCR Vanguard Consumer Discre ETF	Reduce -30.3%	0.06%	−0.02
LMT Lockheed Martin Corp.	Sold out	0.00%	−0.02
GOOG Alphabet Inc. Class C	Reduce -9.6%	0.17%	−0.02
SPGI S&P Global Inc.	Sold out	0.00%	−0.02
AMGN Amgen Inc.	Sold out	0.00%	−0.02
COST Costco Wholesale Corp.	Reduce -24.8%	0.25%	−0.02
CRM Salesforce Inc.	Reduce -8.4%	0.13%	−0.02
YUM Yum! Brands Inc.	Sold out	0.00%	−0.02
VDC Vanguard Consumer Staple ETF	Reduce -44.6%	0.04%	−0.02
IGM iShares Expanded Tech Sector	Reduce -12.3%	0.22%	−0.02
MCD McDonald's Corp.	Reduce -42.1%	0.05%	−0.02
VIS Vanguard Industrials ETF	Reduce -37.0%	0.04%	−0.01
MSI Motorola Solutions Inc.	Reduce -52.5%	0.02%	−0.01
DIS The Walt Disney Co.	Reduce -18.3%	0.09%	−0.01
BBWI Bath & Body Works Inc.	Reduce -10.8%	0.07%	−0.01
PYZ Invesco Dorsey Wright Basic	Reduce -69.2%	0.01%	−0.01
MO Altria Group Inc.	Sold out	0.00%	−0.01
PJP Invesco Pharmaceuticals ETF	Reduce -69.6%	0.01%	−0.01
UPS United Parcel Service Class B	Sold out	0.00%	−0.01
OGN Organon & Co.	Reduce -96.9%	0.00%	−0.01
ACN Accenture PLC Class A	Reduce -14.9%	0.10%	−0.01
VHT Vanguard Health Care ETF	Reduce -33.7%	0.05%	−0.01
INTU Intuit Inc.	Reduce -53.9%	0.01%	−0.01
ORCL Oracle Corp.	Reduce -2.8%	0.38%	−0.01
BIP Brookfield Infrastructure Pa	Sold out	0.00%	−0.01

Portfolio Buys Q4 2024 → Q1 2025


IWM iShares Russell 2000 ETF	Add +7250.3%	2.45%	+2.42
EFA iShares MSCI Eafe ETF	Add +1.8%	4.97%	+1.20
IEFA iShares Core MSCI Eafe ETF	Add +1.9%	4.39%	+1.05
EEM iShares MSCI Emerging Market	Add +12.2%	3.62%	+1.05
SKOR NT Crdscr US Corp. BD ETF	Add +1.2%	4.42%	+0.82
MAS Masco Corp.	Add +252.6%	0.34%	+0.26
VOT Vngrd Mrngstr MC GRW ETF-Usd	Add +93.5%	0.36%	+0.20
VOE Vngrd Mrngstr MD-Cap Val ETF	Add +48.9%	0.39%	+0.17
BLD Topbuild Corp.	New	0.16%	+0.16
PFE Pfizer Inc.	Add +1.0%	0.99%	+0.13
RTX RTX Corp.	Add +82.8%	0.15%	+0.09
BLK BlackRock Inc.	New	0.08%	+0.08
CARR Carrier Global Corp.	New	0.06%	+0.06
AVGO Broadcom Inc.	New	0.06%	+0.06
CVS CVS Health Corp.	Add +7.4%	0.10%	+0.05
JNJ Johnson & Johnson	Add +406.2%	0.05%	+0.05
AMD Advanced Micro Devices	Add +37.2%	0.11%	+0.03
SLB SLB Ltd.	Add +17.0%	0.09%	+0.03
AEP American Electric Power	Add +132.3%	0.04%	+0.02
T AT&T Inc.	Add +198.8%	0.02%	+0.02
BDX Becton Dickinson and Co.	Add +10.9%	0.07%	+0.02
BIIB Biogen Inc.	Add +36.0%	0.05%	+0.02
BX Blackstone Inc.	Add +11.8%	0.14%	+0.01
ADBE Adobe Inc.	Add +8.1%	0.10%	+0.01
ETN Eaton Corp. PLC	Add +70.1%	0.03%	+0.01
PYPL PayPal Holdings Inc.	Add +22.9%	0.09%	+0.01
VOX Vanguard Communication Servi	Add +12.3%	0.04%	+0.01
HAL Halliburton Co.	Add +4.5%	0.04%	+0.01
NKE Nike Inc. Class B	Add +5.9%	0.05%	+0.00
XLRE SS Real Estate Select Sector	New	0.00%	+0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	197	$213.3M	BND, GVI, VTV, VUG, EFA
Q1 2026	206	$207.9M	BND, GVI, VTV, EFA, VUG
Q4 2025	194	$205.4M	BND, GVI, VUG, VTV, HBNC
Q3 2025	189	$209.7M	BND, GVI, VUG, VTV, EFA
Q2 2025	216	$198.6M	BND, GVI, EFA, IEFA, VUG
Q1 2025	183	$176.9M	BND, GVI, EFA, TDTT, VTV
Q4 2024	193	$212.1M	BND, GVI, VTV, VUG, HBNC
Q3 2024	221	$216.0M	BND, GVI, VTV, TDTT, SKOR
Q2 2024	227	$210.4M	BND, GVI, GUNR, VTV, VUG
Q1 2024Amended	242	$209.9M	BND, GVI, VUG, GUNR, EFA