Who owns Hawthorn Bancshares (HWBK)
Which tracked institutional funds hold HWBK, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HWBK company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
The tracked-fund tape on HWBK is one-sided between 2026-Q1 and 2026-Q2: 14 added or opened and 0 trimmed or exited — on balance accumulating.
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
HWBK’s largest tracked holder by dollar value, Ategra Capital Management, LLC, sizes it at 7.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HWBK 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 2026-Q1 and 2026-Q2, across 68 tracked filers holding HWBK, 37 increased or opened the position and 22 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 HWBK between the 2026-Q1 and 2026-Q2 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 2
- KESTRA PRIVATE WEALTH SERVICES, LLC$799K
- Mariner, LLC$734K
Largest adds
- BlackRock, Inc.$3M
- Ategra Capital Management, LLC$2M
- VANGUARD CAPITAL MANAGEMENT LLC$2M
- GEODE CAPITAL MANAGEMENT, LLC$1M
- FJ Capital Management LLC$1M
- DIMENSIONAL FUND ADVISORS LP$1M
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 |
|---|---|---|---|---|
| Ategra Capital Management, LLC | 342,390 | $13M | 13.4% | 2026-Q2 |
| BlackRock, Inc. added | 335,276 | $13M | 13.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 250,722 | $10M | 9.8% | 2026-Q2 |
| FJ Capital Management LLC | 190,710 | $7M | 7.5% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 161,622 | $6M | 6.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 148,965 | $6M | 5.8% | 2026-Q2 |
| STATE STREET CORP added | 84,776 | $3M | 3.3% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 64,813 | $3M | 2.5% | 2026-Q2 |
| NORTHERN TRUST CORP added | 48,071 | $2M | 1.9% | 2026-Q2 |
| Pinnacle Holdings, LLC trimmed | 46,073 | $2M | 1.8% | 2026-Q2 |
| MONETA GROUP INVESTMENT ADVISORS LLC trimmed | 44,745 | $2M | 1.8% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 39,180 | $2M | 1.5% | 2026-Q2 |
| RBF Capital, LLC | 39,167 | $2M | 1.5% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 37,750 | $1M | 1.5% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 35,319 | $1M | 1.4% | 2026-Q2 |
| Empowered Funds, LLC trimmed | 32,677 | $1M | 1.3% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 32,589 | $1M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 23,833 | $937K | 0.9% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC | 20,603 | $810K | 0.8% | 2026-Q2 |
| KESTRA PRIVATE WEALTH SERVICES, LLC new | 20,319 | $799K | 0.8% | 2026-Q2 |
| Mariner, LLC new | 18,678 | $734K | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 16,101 | $633K | 0.6% | 2026-Q2 |
| ALEXANDER LABRUNERIE & CO., INC. | 15,471 | $608K | 0.6% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 15,325 | $602K | 0.6% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 14,707 | $578K | 0.6% | 2026-Q2 |
| Bank of New York Mellon Corp added | 14,294 | $562K | 0.6% | 2026-Q2 |
| Eagle Bluffs Wealth Management LLC | 13,747 | $543K | 0.5% | 2026-Q2 |
| Nuveen, LLC added | 11,498 | $452K | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 9,485 | $373K | 0.4% | 2026-Q2 |
| Focus Partners Wealth added | 9,278 | $365K | 0.4% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 7,094 | $279K | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 6,569 | $247K | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC new | 6,253 | $246K | 0.2% | 2026-Q2 |
| Creative Planning trimmed | 6,250 | $246K | 0.2% | 2026-Q2 |
| CENTRAL TRUST Co | 5,168 | $203K | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 4,873 | $192K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 4,867 | $191K | 0.2% | 2026-Q2 |
| MORGAN STANLEY trimmed | 4,360 | $171K | 0.2% | 2026-Q2 |
| MetLife Investment Management, LLC | 3,620 | $142K | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 3,443 | $135K | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 3,154 | $124K | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 2,696 | $106K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 2,676 | $105K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 2,565 | $101K | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 2,420 | $95K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,409 | $93K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 1,500 | $59K | 0.1% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 1,269 | $50K | 0.0% | 2026-Q2 |
| UBS Group AG added | 1,206 | $47K | 0.0% | 2026-Q2 |
| UMB Bank, n.a. trimmed | 1,000 | $39K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 755 | $30K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 593 | $23K | 0.0% | 2026-Q2 |
| Legal & General Group Plc | 527 | $21K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 405 | $15K | 0.0% | 2026-Q2 |
| Sterling Capital Management LLC trimmed | 117 | $5K | 0.0% | 2026-Q2 |
| FMR LLC added | 105 | $4K | 0.0% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 80 | $3K | 0.0% | 2026-Q2 |
| Quarry LP new | 72 | $3K | 0.0% | 2026-Q2 |
| Arax Advisory Partners trimmed | 54 | $2K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 31 | $1K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc added | 18 | $707 | 0.0% | 2026-Q2 |
| Allworth Financial LP added | 15 | $590 | 0.0% | 2026-Q2 |
| GAMMA Investing LLC new | 14 | $550 | 0.0% | 2026-Q2 |
| Essential Partners LLC trimmed | 11 | $432 | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. | 5 | $197 | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC | 3 | $118 | 0.0% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC added | 3 | $118 | 0.0% | 2026-Q2 |
| True Wealth Design, LLC | 1 | $40 | 0.0% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 13,169 | $459K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| CWM, LLC trimmed | 187 | $6K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| FNY Investment Advisers, LLC | 30 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Root Financial Partners, LLC new | 1 | $34 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MAI Capital Management | 1 | $34 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Covestor Ltd trimmed | 4 | — | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC trimmed | 317,844 | $11M | 11.1% | 2025-Q4 stale (2 quarters behind) |
| TWO SIGMA INVESTMENTS, LP new | 6,556 | $229K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ added | 4,586 | $160K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Kestra Advisory Services, LLC new | 1,430 | $50K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| OPTIMA CAPITAL LLC new | 530 | $19K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| AMALGAMATED BANK trimmed | 183 | $6K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| MILLENNIUM MANAGEMENT LLC trimmed | 10,862 | $337K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 19,116 | $557K | 0.6% | 2025-Q2 stale (4 quarters behind) |
| Hillsdale Investment Management Inc. trimmed | 6,900 | $201K | 0.2% | 2025-Q2 stale (4 quarters behind) |
| State of Wyoming trimmed | 25 | $729 | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.