Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

HORACE MANN EDUCATORS CORP N (HMN)

237 + Investors. Track Smart Money conviction in HMN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +13
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — HMN

Based on 251 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added HMN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
251 hedge funds hold HMN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +17% more funds vs a year ago

fund count last 6Q
+36 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

116 buying118 selling
Last quarter: 116 funds bought or added vs 118 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~35 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 25 → 44 → 31 → 35. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 20% medium ■ 14% new
164 out of 251 hedge funds have held HMN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~35 new funds/quarter

19 → 25 → 44 → 31 → 35 new funds/Q
New funds entering each quarter: 25 → 44 → 31 → 35. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 72% of holders stayed 2+ years

■ 72% veterans ■ 9% 1-2yr ■ 19% new
Of 253 current holders: 182 (72%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 56% AUM from top-100 funds

56% from top-100 AUM funds
51 of 251 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in HMN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — HMN

In 2025 Q4, 116 hedge funds were net buyers of HMN (35 opened a new position, 81 added to an existing one), while 118 reduced or exited (96 trimmed, 22 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 56% of total institutional value in HMN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +13 funds (more new holders than closures). Total institutional holders: 251.

Hedge Fund Ownership: HMN

How many hedge funds hold HMN — quarterly history vs. share price
Quarterly hedge fund ownership of HMN vs. share price

Market Analysis: HMN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HMN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

47 top-rated funds 0 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: HMN
2026 Q1 Stats Unlock in 2 days 237 + Investors

Track Smart Money conviction in HMN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 237 226 4.87%
13F Shares 41M 41M -0.44%
Total Value $1.76B $1.74B 1.34%
New Positions 32 30 +2
Increased Positions 76 80 -4
Closed Positions 22 31 -9
Reduced Positions 97 79 +18
Total Calls 1 1 -
Total Puts 1 1 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: HMN

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Financial Highlights

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Institutional Holders (2026 Q1)

237 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HMN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of HMN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ICON ADVISERS INC/CO 1.50% 152,037 $6.5M
2 Mitsubishi UFJ Asset Management (UK) Ltd. 0.84% 38,000 $1.6M
3 Bragg Financial Advisors, Inc 0.61% 455,376 $19.4M
4 PALISADE CAPITAL MANAGEMENT, LP 0.42% 296,035 $12.6M
5 HENNESSY ADVISORS INC 0.31% 203,000 $8.7M
6 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.29% 336,776 $14.4M
7 FULLER & THALER ASSET MANAGEMENT, INC. 0.29% 1,985,506 $84.7M
8 Emerald Investment Advisers, LLC 0.25% 64,679 $2.8M
9 GW&K Investment Management, LLC 0.24% 626,312 $27K
10 EARNEST PARTNERS LLC 0.20% 1,126,831 $48.1M
11 Hodges Capital Management Inc. 0.19% 54,910 $2.3M
12 iSAM Funds (UK) Ltd 0.17% 8,107 $346K
13 MQS Management LLC 0.15% 5,362 $229K
14 Odyssean, LLC 0.15% 9,558 $408K
15 R Squared Ltd 0.13% 5,640 $241K
16 AlphaQuest LLC 0.13% 50,247 $2.3M
17 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.07% 539,257 $23.0M
18 NJ State Employees Deferred Compensation Plan 0.07% 14,000 $632K
19 Hillsdale Investment Management Inc. 0.07% 57,600 $2.5M
20 CFG Wealth Management Services, Inc. 0.07% 1,580 $73K
21 TECTONIC ADVISORS LLC 0.06% 26,728 $1.1M
22 North Star Investment Management Corp. 0.06% 23,000 $982K
23 BROWN ADVISORY INC 0.06% 806,855 $34.4M
24 MARTINGALE ASSET MANAGEMENT L P 0.05% 51,139 $2.2M
25 Empowered Funds, LLC 0.05% 194,776 $8.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — HORACE MANN EDUCATORS CORP N (HMN)

What does the Smart Money Trend signal show for HMN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added HMN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HMN?

Slight buying edge — 50% buying: Last quarter: 116 funds bought or added vs 118 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HMN holders?

Elite ownership — 56% AUM from top-100 funds: 51 of 251 holders are among the 100 largest funds by AUM, controlling 56% of total institutional value in HMN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held HMN?

65% of holders stayed for 2+ years: 164 out of 251 hedge funds have held HMN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.