Who owns Horace Mann Educators Corporation (HMN)
Which tracked institutional funds hold HMN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HMN company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
31 tracked funds added or opened HMN while 74 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HMN’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes HMN more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in HMN divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 252 tracked filers holding HMN, 115 increased or opened the position and 135 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HMN between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 13
- VANGUARD PORTFOLIO MANAGEMENT LLC$121M
- VANGUARD CAPITAL MANAGEMENT LLC$78M
- VANGUARD FIDUCIARY TRUST CO$11M
- Emerald Investment Advisers, LLC$3M
- Man Group plc$2M
- D. E. Shaw & Co., Inc.$2M
Full exits 16
- VANGUARD GROUP INC$213M
- Brandywine Global Investment Management, LLC$3M
- F/m Investments LLC$3M
- MERITAGE PORTFOLIO MANAGEMENT$3M
- AlphaQuest LLC$2M
- Integrated Quantitative Investments LLC$2M
Largest adds
- TWO SIGMA INVESTMENTS, LP$15M
- CITADEL ADVISORS LLC$6M
- Edgestream Partners, L.P.$6M
- ALLIANCEBERNSTEIN L.P.$5M
- EXCHANGE TRADED CONCEPTS, LLC$3M
- RAYMOND JAMES FINANCIAL INC$2M
Largest trims
- BlackRock, Inc.$86M
- FRANKLIN RESOURCES INC$14M
- FULLER & THALER ASSET MANAGEMENT, INC.$10M
- PRICE T ROWE ASSOCIATES INC /MD/$8M
- DIMENSIONAL FUND ADVISORS LP$7M
- BROWN ADVISORY INC$6M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 4,327,145 | $185M | 9.6% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 2,999,476 | $128M | 6.6% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 2,841,684 | $121M | 6.3% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 2,563,874 | $109M | 5.7% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,184,648 | $93M | 4.8% | 2026-Q1 |
| FULLER & THALER ASSET MANAGEMENT, INC. trimmed | 1,985,506 | $85M | 4.4% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,824,704 | $78M | 4.0% | 2026-Q1 |
| STATE STREET CORP added | 1,728,738 | $74M | 3.8% | 2026-Q1 |
| EARNEST PARTNERS LLC trimmed | 1,126,831 | $48M | 2.5% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,057,226 | $45M | 2.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 976,233 | $42M | 2.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 830,771 | $35M | 1.8% | 2026-Q1 |
| BROWN ADVISORY INC trimmed | 806,855 | $34M | 1.8% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 731,432 | $34M | 1.8% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 657,014 | $28M | 1.5% | 2026-Q1 |
| GW&K Investment Management, LLC trimmed | 626,312 | $27M | 1.4% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added | 539,257 | $23M | 1.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 527,085 | $22M | 1.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 503,529 | $21M | 1.1% | 2026-Q1 |
| Bragg Financial Advisors, Inc added | 455,376 | $19M | 1.0% | 2026-Q1 |
| MORGAN STANLEY trimmed | 442,721 | $19M | 1.0% | 2026-Q1 |
| Invesco Ltd. trimmed | 442,155 | $19M | 1.0% | 2026-Q1 |
| NORTHERN TRUST CORP added | 433,505 | $19M | 1.0% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 427,258 | $18M | 0.9% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 386,530 | $16M | 0.9% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 366,402 | $16M | 0.8% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 336,776 | $14M | 0.7% | 2026-Q1 |
| PALISADE CAPITAL MANAGEMENT, LP trimmed | 296,035 | $13M | 0.7% | 2026-Q1 |
| FMR LLC added | 269,508 | $12M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 263,537 | $11M | 0.6% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 257,744 | $11M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 220,368 | $9M | 0.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 208,141 | $9M | 0.5% | 2026-Q1 |
| HENNESSY ADVISORS INC trimmed | 203,000 | $9M | 0.4% | 2026-Q1 |
| Empowered Funds, LLC added | 194,776 | $8M | 0.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 191,864 | $8M | 0.4% | 2026-Q1 |
| Trexquant Investment LP added | 168,108 | $7M | 0.4% | 2026-Q1 |
| UBS Group AG added | 166,357 | $7M | 0.4% | 2026-Q1 |
| Edgestream Partners, L.P. added | 163,101 | $7M | 0.4% | 2026-Q1 |
| ICON ADVISERS INC/CO | 152,037 | $6M | 0.3% | 2026-Q1 |
| ProShare Advisors LLC added | 149,165 | $6M | 0.3% | 2026-Q1 |
| Public Sector Pension Investment Board added | 145,584 | $6M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 129,713 | $6M | 0.3% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND | 121,305 | $5M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 117,529 | $5M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 117,034 | $5M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 94,819 | $4M | 0.2% | 2026-Q1 |
| TEACHER RETIREMENT SYSTEM OF TEXAS trimmed | 93,900 | $4M | 0.2% | 2026-Q1 |
| Nuveen, LLC added | 92,316 | $4M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 92,216 | $4M | 0.2% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 90,198 | $4M | 0.2% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 86,375 | $4M | 0.2% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 83,662 | $4M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 83,014 | $4M | 0.2% | 2026-Q1 |
| Swiss National Bank | 80,300 | $3M | 0.2% | 2026-Q1 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 79,608 | $3M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 77,628 | $3M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 77,532 | $3M | 0.2% | 2026-Q1 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 73,735 | $3M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 73,627 | $3M | 0.2% | 2026-Q1 |
| BESSEMER GROUP INC added | 71,626 | $3M | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 69,831 | $3M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 69,749 | $3M | 0.2% | 2026-Q1 |
| Emerald Investment Advisers, LLC new | 64,679 | $3M | 0.1% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 64,021 | $3M | 0.1% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 60,771 | $3M | 0.1% | 2026-Q1 |
| Hillsdale Investment Management Inc. trimmed | 57,600 | $2M | 0.1% | 2026-Q1 |
| Hodges Capital Management Inc. trimmed | 54,910 | $2M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 53,860 | $2M | 0.1% | 2026-Q1 |
| Man Group plc added | 53,027 | $2M | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 52,940 | $2M | 0.1% | 2026-Q1 |
| State of New Jersey Common Pension Fund D added | 52,301 | $2M | 0.1% | 2026-Q1 |
| HANTZ FINANCIAL SERVICES, INC. trimmed | 51,712 | $2M | 0.1% | 2026-Q1 |
| MARTINGALE ASSET MANAGEMENT L P added | 51,139 | $2M | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 48,640 | $2M | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC new | 45,465 | $2M | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 44,493 | $2M | 0.1% | 2026-Q1 |
| INTECH INVESTMENT MANAGEMENT LLC added | 43,686 | $2M | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC trimmed | 41,685 | $2M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 39,484 | $2M | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 38,407 | $2M | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 38,069 | $2M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Asset Management (UK) Ltd. | 38,000 | $2M | 0.1% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. added | 37,674 | $2M | 0.1% | 2026-Q1 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 37,626 | $2M | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 37,341 | $2M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 37,328 | $2M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 4,613,796 | $213M | 11.1% | 2025-Q4 stale |
| DEPRINCE RACE & ZOLLO INC trimmed | 922,880 | $39M | 2.0% | 2025-Q1 stale |
| CRAMER ROSENTHAL MCGLYNN LLC trimmed | 248,489 | $11M | 0.6% | 2025-Q2 stale |
| Allspring Global Investments Holdings, LLC trimmed | 138,264 | $6M | 0.3% | 2025-Q1 stale |
| MARSHALL WACE, LLP added | 133,795 | $6M | 0.3% | 2025-Q2 stale |
| NFJ INVESTMENT GROUP, LLC | 81,232 | $3M | 0.2% | 2025-Q1 stale |
| Brandywine Global Investment Management, LLC trimmed | 71,180 | $3M | 0.2% | 2025-Q4 stale |
| F/m Investments LLC trimmed | 64,834 | $3M | 0.2% | 2025-Q4 stale |
| MERITAGE PORTFOLIO MANAGEMENT trimmed | 59,364 | $3M | 0.1% | 2025-Q4 stale |
| AlphaQuest LLC added | 50,247 | $2M | 0.1% | 2025-Q4 stale |
| Integrated Quantitative Investments LLC added | 41,618 | $2M | 0.1% | 2025-Q4 stale |
| Lighthouse Investment Partners, LLC trimmed | 39,258 | $2M | 0.1% | 2025-Q4 stale |
| COMERICA BANK added | 33,497 | $2M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.