Horizon Bancorp Reveals $1.1M Apple Stake, Diverse Q4 Holdings

TL;DR

**Horizon Bancorp's Q4 13F shows a tech-heavy portfolio, with Apple and Amazon leading the pack.**

AI Summary

Horizon Bancorp Inc. /IN/ filed its 13F-HR report on January 16, 2024, detailing its holdings as of December 31, 2023. The filing reveals a diverse portfolio, with significant positions in tech giants like Apple Inc. (5,904 shares valued at $1.137 million), Amazon.Com Inc. (3,699 shares valued at $562,000), and Alphabet Inc. (Class C: 2,449 shares valued at $345,000; Class A: 2,106 shares valued at $294,000). This matters to investors because it provides transparency into Horizon Bancorp's investment strategy and the types of assets its trust operations are managing, which can influence the bank's overall financial health and stability.

Why It Matters

This filing offers a look into Horizon Bancorp's investment decisions, showing how its trust department is allocating capital across various sectors, which can impact its fee income and overall financial performance.

Risk Assessment

Risk Level: medium — The portfolio's diversification across various sectors mitigates some risk, but significant exposure to individual tech stocks introduces market volatility risk.

Analyst Insight

Investors should monitor future 13F filings to track any significant shifts in Horizon Bancorp's investment strategy, especially regarding its exposure to specific sectors or individual large-cap stocks, as this can indicate changes in their outlook or risk appetite.

Key Numbers

• $1.137M — Apple Inc. holding value (Represents the largest single stock holding by value in the portfolio as of December 31, 2023.)
• 5,904 — Apple Inc. shares (The number of shares of Apple Inc. held by Horizon Bancorp.)
• 3,699 — Amazon.Com Inc. shares (The number of shares of Amazon.Com Inc. held by Horizon Bancorp.)
• 2,449 — Alphabet Inc. Cl C shares (The number of Class C shares of Alphabet Inc. held by Horizon Bancorp.)
• 2,106 — Alphabet Inc. Cl A shares (The number of Class A shares of Alphabet Inc. held by Horizon Bancorp.)

Key Players & Entities

• HORIZON BANCORP INC /IN/ (company) — the filer of the 13F-HR report
• Rebecca L Greenlaw (person) — VP, Trust Operations and Risk Management for Horizon Bancorp Inc.
• Apple Inc. (company) — a significant holding in Horizon Bancorp's portfolio
• Amazon.Com Inc. (company) — a significant holding in Horizon Bancorp's portfolio
• Alphabet Inc. (company) — a significant holding in Horizon Bancorp's portfolio (both Class A and C shares)
• $1.137 million (dollar_amount) — value of Apple Inc. shares held by Horizon Bancorp
• $562,000 (dollar_amount) — value of Amazon.Com Inc. shares held by Horizon Bancorp

Forward-Looking Statements

• Horizon Bancorp will likely maintain a diversified portfolio with a significant allocation to large-cap technology stocks in its trust operations. (HORIZON BANCORP INC /IN/) — medium confidence, target: 2024-03-31
• The bank's investment strategy, as reflected in its 13F filings, will continue to prioritize established companies with strong market positions. (HORIZON BANCORP INC /IN/) — high confidence, target: 2024-06-30

FAQ

Filing Documents

• primary_doc.html (13F-HR)
• primary_doc.xml (13F-HR) — 2KB
• informationtable.html (INFORMATION TABLE)
• informationtable.xml (INFORMATION TABLE) — 126KB
• 0000908834-24-000010.txt ( ) — 130KB

From the Filing

SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment    Amendment Number: This Amendment (Check only one.):    is a restatement.    adds new holdings entries. Institutional Investment Manager Filing this Report: Name: HORIZON BANCORP INC /IN/ Address: 515 FRANKLIN STREET MICHIGAN CITY , IN   46360 Form 13F File Number: 028-06479 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Rebecca L Greenlaw Title: VP, Trust Operations and Risk Management Phone: 219-873-2618 Signature, Place, and Date of Signing: /s/ Rebecca L Greenlaw Michigan City ,  IN 01-16-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)    13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)    13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 247 Form 13F Information Table Value Total: 204,518 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE

View Full Filing

View this 13F-HR filing on SEC EDGAR