Horizon Bancorp Inc.

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Horizon Bancorp Inc. reported 194 stock positions worth $205.4 million. Its top holding was Vanguard Total Bond Market (BND) at 21.4% of the portfolio, followed by iShares Intermediate Governm (GVI, 14.8%) and Vanguard Mrngstar GR ETF-Sui (VUG, 5.0%). Compared with Q3 2025, it opened 7 new positions, sold out of 2, added to 19 and reduced 95. The biggest buy was a new position in Emerson Electric (EMR) and the biggest sale Oracle (ORCL, shares −11%).

Most Recent 13F: Q2 2026
Location: MICHIGAN CITY, IN
CIK: 0000706129
Portfolio Value: $205.4M (Q4 2025)
SEC Filing: 0000908834-26-000077 ↗ filed Feb 11, 2026

Holdings Value

Holdings 194 stocks · $205.4M


BND Vanguard Total Bond Market	21.39%	593,361	$44.0M	Reduce -1.7%
GVI iShares Intermediate Governm	14.77%	282,625	$30.3M	Reduce -1.3%
VUG Vanguard Mrngstar GR ETF-Sui	5.05%	21,256	$10.4M	Reduce -4.2%
VTV Vanguard Mrngstr Val ETF-Aui	4.93%	53,024	$10.1M	Reduce -3.1%
HBNC Horizon Bancorp Inc.	4.73%	572,459	$9.7M	Reduce -1.7%
EFA iShares MSCI Eafe ETF	4.68%	100,066	$9.6M	Reduce -3.0%
IEFA iShares Core MSCI Eafe ETF	4.15%	95,319	$8.5M	Reduce -2.9%
SKOR NT Crdscr US Corp. BD ETF	4.04%	169,020	$8.3M	Reduce -1.1%
TDTT NT Iboxx 3Y Dur Tips ETF	4.01%	342,306	$8.2M	Reduce -1.2%
EEM iShares MSCI Emerging Market	3.79%	142,412	$7.8M	Reduce -3.6%
IWM iShares Russell 2000 ETF	3.32%	27,680	$6.8M	Reduce -2.5%
HYGV NT HY Val-SCRD BD ETF	2.47%	124,791	$5.1M	Reduce -1.3%
QDF NT Qual Div ETF	1.38%	35,119	$2.8M	Reduce -2.8%
GUNR NT Mstar GLBL NR ETF	1.33%	59,543	$2.7M	Reduce -2.8%
VNQ Vanguard Real Estate ETF	1.16%	26,839	$2.4M	Reduce -0.3%
NVDA Nvidia Corp.	1.13%	12,437	$2.3M	Reduce -4.5%
MSFT Microsoft Corp.	0.90%	3,821	$1.8M	Reduce -3.7%
PFE Pfizer Inc.	0.83%	68,840	$1.7M	Reduce -0.5%
AAPL Apple Inc.	0.77%	5,798	$1.6M	Reduce -9.1%
AMZN Amazon.com Inc.	0.62%	5,527	$1.3M	Reduce -10.2%
VOE Vngrd Mrngstr MD-Cap Val ETF	0.53%	6,187	$1.1M	Reduce -2.8%
VOT Vngrd Mrngstr MC GRW ETF-Usd	0.49%	3,633	$1.0M	Reduce -2.0%
ORCL Oracle Corp.	0.46%	4,813	$938K	Reduce -11.0%
META Meta Platforms Inc. Class A	0.43%	1,340	$885K	Add +7.7%
GOOGL Alphabet Inc. Class A	0.43%	2,808	$879K	Reduce -23.9%
JPM JPMorgan Chase & Co.	0.42%	2,709	$873K	Reduce -19.0%
GOOG Alphabet Inc. Class C	0.42%	2,745	$861K	Reduce -7.4%
SPY SS SPDR S&P 500 ETF Trust-US	0.40%	1,204	$821K	Reduce -11.3%
BRK.B Berkshire Hathaway Inc. Class B	0.36%	1,462	$735K	No change
MA Mastercard Inc. Class A	0.35%	1,255	$716K	Reduce -2.4%
NI Nisource Inc.	0.33%	16,197	$676K	No change
AMD Advanced Micro Devices	0.29%	2,747	$588K	Reduce -3.3%
RTX RTX Corp.	0.29%	3,202	$587K	Add +0.9%
IGM iShares Expanded Tech Sector	0.27%	4,308	$556K	No change
MAS Masco Corp.	0.26%	8,390	$532K	Reduce -1.0%
COST Costco Wholesale Corp.	0.25%	605	$522K	Reduce -5.6%
AAAU Goldman Sachs Physical Gold	0.25%	12,032	$512K	Add +0.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.20%	2,609	$401K	Reduce -5.6%
ABBV Abbvie Inc.	0.19%	1,700	$388K	No change
ADI Analog Devices Inc.	0.19%	1,427	$387K	Add +35.9%
ELV Elevance Health Inc.	0.19%	1,105	$387K	Reduce -17.6%
BLD Topbuild Corp.	0.18%	895	$373K	Reduce -1.8%
BX Blackstone Inc.	0.18%	2,387	$368K	Reduce -11.4%
CSCO Cisco Systems Inc.	0.18%	4,721	$364K	Reduce -5.2%
COR Cencora Inc.	0.17%	1,060	$358K	Reduce -7.8%
AVGO Broadcom Inc.	0.17%	1,032	$357K	Reduce -5.0%
XOM Exxon Mobil Corp.	0.17%	2,933	$353K	Reduce -10.6%
KKR KKR & Co. Inc.	0.16%	2,527	$322K	Add +48.8%
CTVA Corteva Inc.	0.16%	4,795	$321K	Add +2.7%
CRM Salesforce Inc.	0.16%	1,209	$320K	Reduce -6.5%
SCHW Schwab (charles) Corp.	0.16%	3,197	$319K	Reduce -5.0%
BA The Boeing Co.	0.15%	1,448	$315K	Add +38.3%
CAT Caterpillar Inc.	0.15%	550	$315K	Add +2.2%
CVS CVS Health Corp.	0.15%	3,791	$301K	Reduce -8.4%
C Citigroup Inc.	0.14%	2,544	$297K	Add +0.6%
NSC Norfolk Southern Corp.	0.14%	995	$287K	Reduce -32.3%
KO The Coca-Cola Co.	0.14%	3,975	$278K	Reduce -5.9%
INTU Intuit Inc.	0.13%	416	$276K	Add +93.5%
EMR Emerson Electric Co.	0.13%	2,032	$270K	New
GD General Dynamics Corp.	0.13%	778	$262K	Reduce -7.5%
PYPL PayPal Holdings Inc.	0.13%	4,477	$261K	Add +0.8%
HD Home Depot Inc.	0.12%	740	$255K	Reduce -7.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.12%	2,158	$246K	Reduce -6.3%
NOW ServiceNow Inc.	0.12%	1,583	$243K	Reduce -8.8%
ABT Abbott Laboratories	0.11%	1,831	$229K	Reduce -60.6%
AMT American Tower Corp.	0.11%	1,299	$228K	Reduce -4.5%
ADBE Adobe Inc.	0.10%	611	$214K	Reduce -6.7%
CVX Chevron Corp.	0.10%	1,394	$212K	Reduce -3.6%
ACN Accenture PLC Class A	0.10%	791	$212K	Reduce -9.6%
NEE Nextera Energy Inc.	0.10%	2,588	$208K	Reduce -6.3%
MDT Medtronic PLC	0.10%	2,117	$203K	New
FCX Freeport-McMoran Inc.	0.10%	3,963	$201K	Add +38.8%
PANW Palo Alto Networks Inc.	0.10%	1,089	$201K	Reduce -9.2%
JNJ Johnson & Johnson	0.10%	965	$200K	Reduce -2.1%
ETN Eaton Corp. PLC	0.09%	612	$195K	Reduce -9.2%
GSK GSK PLC-Spon ADR	0.09%	3,940	$193K	Reduce -34.7%
TPR Tapestry Inc.	0.09%	1,504	$192K	Add +3.6%
ICE Intercontinental Exchange Inc.	0.09%	1,177	$191K	Reduce -4.1%
EFV iShares MSCI Eafe Value ETF	0.09%	2,559	$183K	Add +1.6%
MRSH Marsh & McLennan Cos	0.09%	988	$183K	Reduce -6.7%
MDLZ Mondelez International Inc. Class A	0.09%	3,337	$180K	Reduce -6.8%
PG The Procter & Gamble Co.	0.09%	1,247	$179K	Reduce -5.1%
SDY SS SPDR S&P Dividend ETF	0.09%	1,286	$179K	No change
BIIB Biogen Inc.	0.08%	982	$173K	Reduce -4.4%
EOG EOG Resources Inc.	0.08%	1,586	$167K	Reduce -4.7%
BDX Becton Dickinson and Co.	0.08%	841	$163K	Reduce -5.7%
LLY Eli Lilly & Co.	0.08%	152	$163K	No change
YUM Yum! Brands Inc.	0.08%	1,074	$162K	New
NFLX Netflix Inc.	0.08%	1,671	$157K	Add +0.7%
ZBH Zimmer Biomet Holdings Inc.	0.08%	1,720	$155K	Reduce -6.3%
XLU St Sr Utl SL SE SPDR ETF-Usd	0.07%	3,610	$154K	No change
BMY Bristol-Myers Squibb Co.	0.07%	2,702	$146K	Reduce -5.1%
XLE SS Energy Select Sector	0.07%	3,166	$142K	Add +4.1%
V Visa Inc. Class A	0.07%	400	$140K	No change
SLB SLB Ltd. filed as SLB LIMITED	0.07%	3,615	$139K	Reduce -33.0%
VCR Vanguard Consumer Discre ETF	0.06%	329	$130K	No change
INTC Intel Corp.	0.06%	3,194	$118K	No change
NKE Nike Inc. Class B	0.06%	1,858	$118K	Reduce -17.1%
SCZ iShares MSCI Eafe Small-Cap	0.06%	1,455	$113K	Reduce -1.4%
BBWI Bath & Body Works Inc.	0.05%	5,504	$111K	Reduce -7.4%

Show all 194 holdings

Portfolio Sells Q3 2025 → Q4 2025


ORCL Oracle Corp.	Reduce -11.0%	0.46%	−0.27
ABT Abbott Laboratories	Reduce -60.6%	0.11%	−0.19
HON Honeywell International Inc.	Reduce -88.5%	0.02%	−0.12
CMG Chipotle Mexican Grill Inc.	Reduce -83.3%	0.02%	−0.09
CARR Carrier Global Corp.	Reduce -92.2%	0.01%	−0.08
MSFT Microsoft Corp.	Reduce -3.7%	0.90%	−0.08
JPM JPMorgan Chase & Co.	Reduce -19.0%	0.42%	−0.08
CMCSA Comcast Corp. Class A	Reduce -88.3%	0.01%	−0.07
NSC Norfolk Southern Corp.	Reduce -32.3%	0.14%	−0.07
DD Dupont DE Nemours Inc.	Reduce -76.6%	0.01%	−0.06
BX Blackstone Inc.	Reduce -11.4%	0.18%	−0.04
NOW ServiceNow Inc.	Reduce -8.8%	0.12%	−0.03
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -11.3%	0.40%	−0.03
HD Home Depot Inc.	Reduce -7.7%	0.12%	−0.03
GSK GSK PLC-Spon ADR	Reduce -34.7%	0.09%	−0.03
NVDA Nvidia Corp.	Reduce -4.5%	1.13%	−0.03
COST Costco Wholesale Corp.	Reduce -5.6%	0.25%	−0.03
VOT Vngrd Mrngstr MC GRW ETF-Usd	Reduce -2.0%	0.49%	−0.03
MAS Masco Corp.	Reduce -1.0%	0.26%	−0.03
ETN Eaton Corp. PLC	Reduce -9.2%	0.09%	−0.03
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -4.2%	5.05%	−0.02
AMZN Amazon.com Inc.	Reduce -10.2%	0.62%	−0.02
SLB SLB Ltd.	Reduce -33.0%	0.07%	−0.02
MDLZ Mondelez International Inc. Class A	Reduce -6.8%	0.09%	−0.02
BBWI Bath & Body Works Inc.	Reduce -7.4%	0.05%	−0.02
PANW Palo Alto Networks Inc.	Reduce -9.2%	0.10%	−0.02
ELV Elevance Health Inc.	Reduce -17.6%	0.19%	−0.02
VNQ Vanguard Real Estate ETF	Reduce -0.3%	1.16%	−0.02
NKE Nike Inc. Class B	Reduce -17.1%	0.06%	−0.02
BND Vanguard Total Bond Market	Reduce -1.7%	21.39%	−0.01
AMT American Tower Corp.	Reduce -4.5%	0.11%	−0.01
MRSH Marsh & McLennan Cos	Reduce -6.7%	0.09%	−0.01
BLK BlackRock Inc.	Reduce -43.5%	0.01%	−0.01
ZBH Zimmer Biomet Holdings Inc.	Reduce -6.3%	0.08%	−0.01
TFC Truist Financial Corp.	Reduce -44.1%	0.02%	−0.01
TDTT NT Iboxx 3Y Dur Tips ETF	Reduce -1.2%	4.01%	−0.01
HYGV NT HY Val-SCRD BD ETF	Reduce -1.3%	2.47%	−0.01
GD General Dynamics Corp.	Reduce -7.5%	0.13%	−0.01
PG The Procter & Gamble Co.	Reduce -5.1%	0.09%	−0.01
CDW CDW Corp.	Reduce -49.0%	0.01%	−0.01
EOG EOG Resources Inc.	Reduce -4.7%	0.08%	−0.01
AON Aon PLC Class A	Reduce -17.2%	0.04%	−0.01
AAPL Apple Inc.	Reduce -9.1%	0.77%	−0.01
PFE Pfizer Inc.	Reduce -0.5%	0.83%	−0.01
VBR Vngrd Mrngst SL-CP Val ETF-U	Reduce -15.6%	0.04%	−0.01
DIS The Walt Disney Co.	Reduce -6.3%	0.12%	−0.01
VBK Van Morst SML-Cap Gro-Usd Inc.	Reduce -15.6%	0.05%	−0.01
ADBE Adobe Inc.	Reduce -6.7%	0.10%	−0.01
ICE Intercontinental Exchange Inc.	Reduce -4.1%	0.09%	−0.01
FDX FedEx Corp.	Reduce -42.6%	0.01%	−0.01

Portfolio Buys Q3 2025 → Q4 2025


EMR Emerson Electric Co.	New	0.13%	+0.13
MDT Medtronic PLC	New	0.10%	+0.10
YUM Yum! Brands Inc.	New	0.08%	+0.08
ADI Analog Devices Inc.	Add +35.9%	0.19%	+0.07
INTU Intuit Inc.	Add +93.5%	0.13%	+0.06
KKR KKR & Co. Inc.	Add +48.8%	0.16%	+0.05
BA The Boeing Co.	Add +38.3%	0.15%	+0.05
FCX Freeport-McMoran Inc.	Add +38.8%	0.10%	+0.04
RTX RTX Corp.	Add +0.9%	0.29%	+0.03
CAT Caterpillar Inc.	Add +2.2%	0.15%	+0.03
AAAU Goldman Sachs Physical Gold	Add +0.1%	0.25%	+0.03
AGG iShares Core U.S. Aggregate	New	0.03%	+0.03
C Citigroup Inc.	Add +0.6%	0.14%	+0.02
IBM Intl Business Machines Corp.	Add +161.3%	0.02%	+0.02
TPR Tapestry Inc.	Add +3.6%	0.09%	+0.02
EFV iShares MSCI Eafe Value ETF	Add +1.6%	0.09%	+0.01
CTVA Corteva Inc.	Add +2.7%	0.16%	+0.01
XLE SS Energy Select Sector	Add +4.1%	0.07%	+0.00
RGLD Royal Gold Inc.	New	0.00%	+0.00
DOW Dow Inc.	Add +97.1%	0.00%	+0.00
KD Kyndryl Holdings Inc.	New	0.00%	+0.00
MJ Amplify Alternat Harvest ETF	New	0.00%	0.00
KHC The Kraft Heinz Co.	Add +28.6%	0.00%	0.00
META Meta Platforms Inc. Class A	Add +7.7%	0.43%	−0.01
PYPL PayPal Holdings Inc.	Add +0.8%	0.13%	−0.02
NFLX Netflix Inc.	Add +0.7%	0.08%	−0.02

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