German American Bancorp, Inc.: which funds bought and sold

Institutions that bought and sold German American Bancorp shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 92 institutions that filed 13F reports for both quarters added to or opened positions in German American Bancorp, and 63 cut or closed them. Together they added a net 285K shares, +1.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 293K shares (−6.3%); index fund managers were net buyers of 635K shares (+7.6%). 20 opened a new position and 12 sold out entirely.

Bought, Q2 2026 92 institutions, 20 of them new holders Sold, Q2 2026 63 institutions, 12 of them sold out

Net change, all compared +285K shares (+1.4%)

Net change, active managers −293K shares (−6.3%), 13 bought, 15 sold

Buyers versus sellers

institutions compared, 197

92 bought 42 63 sold

Active managers and hedge funds 13 bought · 15 sold · −293K

Index fund managers 10 bought · 0 sold · +635K

Other institutions 69 bought · 48 sold · −57K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+289K +10.7%	3.0M	$142M
Charles Schwab Investment Management Inc Index funds	+118K +10.2%	1.3M	$60.3M
Two Sigma Investments, LP Hedge fund	+86K +42.2%	291K	$13.8M
Franklin Resources Inc Active manager	+80K +4.3%	2.0M	$93M
State Street Corp Index funds	+69K +7.5%	988K	$46.9M
Geode Capital Management, LLC Index funds	+62K +6.6%	1.0M	$47.6M
Dimensional Fund Advisors LP	+45K +3.7%	1.3M	$60M
First Trust Advisors LP	+44K +87.2%	95K	$4.5M
Vanguard Portfolio Management LLC Index funds	+36K +7.3%	529K	$25.1M
Royce & Associates LP Active manager	+34K +6.2%	583K	$27.6M
Northern Trust Corp Index funds	+26K +7.9%	350K	$16.6M
D. E. Shaw & Co., Inc. Hedge fund	+24K +113.8%	44K	$2.1M
Vanguard Capital Management LLC Index funds	+21K +1.4%	1.5M	$73.3M
Wells Fargo & Company	+18K +46.5%	57K	$2.7M
Xtx Topco Ltd	+16K +178.6%	26K	$1.2M
AQR Capital Management LLC Hedge fund	+15K +44.1%	50K	$2.4M
Kestra Advisory Services, LLC	+14K New position	14K	$649,004
California State Teachers Retirement System	+13K +43.6%	44K	$2.1M
Tidal Investments LLC	+13K New position	13K	$624,241
Nuveen, LLC	+13K +18.9%	83K	$3.9M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Two Sigma Investments, LP Hedge fund	+86K +42.2%	291K	$13.8M
Franklin Resources Inc Active manager	+80K +4.3%	2.0M	$93M
Royce & Associates LP Active manager	+34K +6.2%	583K	$27.6M
D. E. Shaw & Co., Inc. Hedge fund	+24K +113.8%	44K	$2.1M
AQR Capital Management LLC Hedge fund	+15K +44.1%	50K	$2.4M
Brevan Howard Capital Management LP Hedge fund	+12K New position	12K	$573,839
Price T Rowe Associates Inc Active manager	+9,629 +17.2%	66K	$3.1M
Arrowstreet Capital, Limited Partnership Hedge fund	+8,854 +30.6%	38K	$1.8M
American Century Companies Inc Active manager	+8,665 +9.7%	98K	$4.6M
Balyasny Asset Management L.P. Hedge fund	+7,862 +32.8%	32K	$1.5M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Qube Research & Technologies Ltd Hedge fund	−147K −93.1%	11K	$518,311
Champlain Investment Partners, LLC Active manager	−106K −16.9%	521K	$24.7M
Deprince Race & Zollo Inc Active manager	−93K −39.8%	141K	$6.7M
Citadel Advisors LLC Hedge fund	−65K −76.2%	20K	$955,275
Jane Street Group, LLC	−63K Sold out	0	—
HRT Financial LP	−61K Sold out	0	—
Millennium Management LLC Hedge fund	−43K Sold out	0	—
Russell Investments Group, Ltd.	−37K −13.0%	249K	$11.8M
Morgan Stanley	−35K −22.2%	122K	$5.8M
Tudor Investment Corp Et Al Hedge fund	−34K −32.0%	72K	$3.4M
Susquehanna International Group, LLP	−33K −62.2%	20K	$959,214
Alliancebernstein L.P. Active manager	−25K −18.7%	111K	$4.6M
Focus Partners Wealth	−21K −11.6%	163K	$7.7M
Marshall Wace, LLP Hedge fund	−21K Sold out	0	—
Wealthquest Corp	−20K −50.0%	20K	$930,074
Renaissance Technologies LLC Hedge fund	−16K −14.3%	94K	$4.4M
German American Bancorp, Inc.	−15K −1.6%	951K	$45.2M
Sei Investments Co	−15K −14.8%	86K	$4.1M
De Lisle Partners LLP	−14K Sold out	0	—
UBS Group AG	−11K −31.6%	25K	$1.2M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Qube Research & Technologies Ltd Hedge fund	−147K −93.1%	11K	$518,311
Champlain Investment Partners, LLC Active manager	−106K −16.9%	521K	$24.7M
Deprince Race & Zollo Inc Active manager	−93K −39.8%	141K	$6.7M
Citadel Advisors LLC Hedge fund	−65K −76.2%	20K	$955,275
Millennium Management LLC Hedge fund	−43K Sold out	0	—
Tudor Investment Corp Et Al Hedge fund	−34K −32.0%	72K	$3.4M
Alliancebernstein L.P. Active manager	−25K −18.7%	111K	$4.6M
Marshall Wace, LLP Hedge fund	−21K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−16K −14.3%	94K	$4.4M
Squarepoint Ops LLC Hedge fund	−11K −37.6%	19K	$884,132

New positions

largest by value

Institution	Shares	Value June 30, 2026
Kestra Advisory Services, LLC	14K	$649,004
Tidal Investments LLC	13K	$624,241
Sequoia Financial Advisors, LLC	12K	$592,823
Brevan Howard Capital Management LPHedge fund	12K	$573,839
Private Advisor Group, LLC	9,144	$433,973
Boyar Asset Management Inc.	7,640	$362,594
Bluebird Wealth Management LLC	5,000	$237,300
State Of Wisconsin Investment Board	4,945	$234,690
Total Clarity Wealth Management, Inc.	4,643	$220,357
Mercer Global Advisors Inc	4,507	$213,902

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Jane Street Group, LLC	63K	$2.6M
HRT Financial LP	61K	$2.6M
Millennium Management LLCHedge fund	43K	$1.8M
Marshall Wace, LLPHedge fund	21K	$888,874
De Lisle Partners LLP	14K	$589,534
Bessemer Group Inc	6,200	$259,000
Mai Capital Management	1,910	$79,819
Quadrant Capital Group LLC	1,765	$73,760
Advisory Services Network, LLC	167	$6,982
Root Financial Partners, LLC	35	$1,463

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 188
Ten largest holders: 65.1%
Index fund managers: 44.7%
Active managers and hedge funds: 21.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	13	15	2	2	−293K	−6.3%
Index fund managers	10	0	0	0	+635K	+7.6%
Other institutions	69	48	18	10	−57K	−0.8%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on German American Bancorp.

Only managers that filed a holdings report for both quarters are compared (197 here). 6 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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