Horizon Bancorp Q2 Portfolio Shifts: Focus on Growth ETFs, Reduction in Financial Services
Horizon Bancorp Inc's portfolio experienced notable changes during the second quarter of 2026. Key holdings like VUG and KLAC saw significant additions while positions such as HBNC and PYPL were reduced or exited.
As reported by Horizon Bancorp Inc, the portfolio held during Q2 2026 reflects strategic adjustments compared to prior periods. The total portfolio value stood at $213,349,000 as of June 30th.
Major Purchases in Q2 2026
The most significant buying activity during this quarter involved several equity holdings and exchange-traded funds (ETFs). Notably, the Vanguard Utilities ETF (VUG) saw a substantial increase in its position. The fund acquired over 103,732 additional shares of VUG, representing an impressive 480.73% growth from the previous period and boosting its portfolio weight to 5.06%. This suggests a potential interest in utilities sector exposure.
Additionally, Horizon Bancorp Inc significantly increased its stake in KLA Corporation (KLAC). The fund added 1364 shares to this position. Furthermore, there were purchases of smaller quantities but still noteworthy additions like FlexShares Tech Growth ETF (GUNR) and PayPal Holdings Inc (PYPL), though the latter's increase was minimal relative to its overall portfolio.
Significant Reductions and Exits
The second quarter also witnessed notable reductions in certain holdings. Horizon Bancorp Inc significantly decreased its position in itself, holding Horizon Bancorp IND. The fund sold off 115,312 shares of HBNC, resulting in a nearly -20.58% change in weight and reducing the allocation to just 4.17%. This marks one of the largest reductions observed during this period.
Moreover, PayPal Holdings Inc (PYPL) was completely exited from the portfolio. The fund sold all its shares (375) in PYPL, leading to a -91.74% change and effectively removing this stock from their investment landscape.
Other Portfolio Changes
Beyond major buys and sells, several other holdings experienced changes during Q2 2026. The fund sold shares of Nike Inc (NKE) and exited its position in itself (HBNC), as previously mentioned.
Among the ETFs, Vanguard Total Bond Market Index Fund Shares (BND) maintained a large allocation but saw a slight decrease of -1.0% weight due to share reduction (-6265 shares). Other ETF holdings like ISHARES TR (EEM), EFA, and IEFA also experienced small reductions in their portfolio weights.
Overall Portfolio Allocation
The bulk of the portfolio remains invested in broad-based index funds. Vanguard Total Bond Market Index Fund Shares (BND) continues to be a dominant holding with approximately 21.29% allocation, while ISHARES TR (GVI) holds around 14.69%. The fund's focus appears heavily weighted towards fixed income and large-cap US stocks.
However, the data shows diversification across various sectors including Technology (Horizon Bancorp Inc's portfolio) with KLAC at 4.98%, Utilities (VUG) now holding a small but growing position, and Consumer Cyclical represented by NKE which was sold.