Hawthorn Bancshares, Inc.: which funds bought and sold

Institutions that bought and sold Hawthorn Bancshares 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, 36 institutions that filed 13F reports for both quarters added to or opened positions in Hawthorn Bancshares, and 19 cut or closed them. Together they added a net 90K shares, +4.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 8,641 shares (−4.9%); index fund managers were net buyers of 57K shares (+6.2%). 8 opened a new position and 3 sold out entirely.

Bought, Q2 2026 36 institutions, 8 of them new holders Sold, Q2 2026 19 institutions, 3 of them sold out

Net change, all compared +90K shares (+4.2%)

Net change, active managers −8,641 shares (−4.9%), 4 bought, 4 sold

Buyers versus sellers

institutions compared, 71

36 bought 16 19 sold

Active managers and hedge funds 4 bought · 4 sold · −8,641

Index fund managers 9 bought · 0 sold · +57K

Other institutions 23 bought · 15 sold · +42K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+25K +7.9%	335K	$13.2M
Kestra Private Wealth Services, LLC	+20K New position	20K	$798,537
Mariner, LLC	+19K New position	19K	$734,044
Geode Capital Management, LLC Index funds	+12K +8.9%	149K	$5.9M
AQR Capital Management LLC Hedge fund	+6,253 New position	6,253	$245,745
Vanguard Portfolio Management LLC Index funds	+5,871 +17.6%	39K	$1.5M
Vanguard Capital Management LLC Index funds	+4,534 +1.8%	251K	$9.9M
Northern Trust Corp Index funds	+4,226 +9.6%	48K	$1.9M
Nuveen, LLC	+3,993 +53.2%	11K	$451,872
Dimensional Fund Advisors LP	+3,290 +2.1%	162K	$6.4M
Russell Investments Group, Ltd.	+2,740 +389.8%	3,443	$135,309
Wells Fargo & Company	+2,694 +124.0%	4,867	$191,260
Price T Rowe Associates Inc Active manager	+2,425 +19.7%	15K	$578,000
Citigroup Inc	+2,420 +876.8%	2,696	$105,953
State Street Corp Index funds	+1,763 +2.1%	85K	$3.3M
Vanguard Fiduciary Trust Co Index funds	+1,678 +4.7%	38K	$1.5M
Charles Schwab Investment Management Inc Index funds	+1,534 +10.5%	16K	$632,769
Bank Of New York Mellon Corp	+1,355 +10.5%	14K	$561,745
Renaissance Technologies LLC Hedge fund	+476 +1.4%	35K	$1.4M
Royal Bank Of Canada	+216 +114.3%	405	$15,000

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
AQR Capital Management LLC Hedge fund	+6,253 New position	6,253	$245,745
Price T Rowe Associates Inc Active manager	+2,425 +19.7%	15K	$578,000
Renaissance Technologies LLC Hedge fund	+476 +1.4%	35K	$1.4M
FMR LLC Active manager	+10 +10.5%	105	$4,127

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Alliancebernstein L.P. Active manager	−13K Sold out	0	—
Citadel Advisors LLC Hedge fund	−3,982 −29.6%	9,485	$372,761
Moneta Group Investment Advisors LLC	−3,980 −8.2%	45K	$1.8M
HSBC Holdings PLC	−3,038 −31.6%	6,569	$246,535
Creative Planning	−1,706 −21.4%	6,250	$245,625
Goldman Sachs Group Inc	−1,588 −6.2%	24K	$936,637
Barclays PLC	−1,453 −31.5%	3,154	$123,953
Deutsche Bank Ag\	−1,257 −20.5%	4,873	$191,509
Bridgeway Capital Management, LLC Active manager	−373 −0.6%	65K	$2.5M
Empowered Funds, LLC	−373 −1.1%	33K	$1.3M
Morgan Stanley	−370 −7.8%	4,360	$171,359
Arrowstreet Capital, Limited Partnership Hedge fund	−281 −1.8%	15K	$602,273
California State Teachers Retirement System	−234 −74.5%	80	$3,144
Mirae Asset Global Etfs Holdings Ltd.	−87 −3.1%	2,676	$105,167
Sterling Capital Management LLC	−75 −39.1%	117	$4,598
Pinnacle Holdings, LLC	−58 −0.1%	46K	$1.8M
Essential Partners LLC	−22 −66.7%	11	$432
Mai Capital Management	−1 Sold out	0	—
Root Financial Partners, LLC	−1 Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Alliancebernstein L.P. Active manager	−13K Sold out	0	—
Citadel Advisors LLC Hedge fund	−3,982 −29.6%	9,485	$372,761
Bridgeway Capital Management, LLC Active manager	−373 −0.6%	65K	$2.5M
Arrowstreet Capital, Limited Partnership Hedge fund	−281 −1.8%	15K	$602,273

New positions

largest by value

Institution	Shares	Value June 30, 2026
Kestra Private Wealth Services, LLC	20K	$798,537
Mariner, LLC	19K	$734,044
AQR Capital Management LLCHedge fund	6,253	$245,745
Quarry LP	72	$2,830
Arax Advisory Partners	54	$2,122
Integrated Wealth Concepts LLC	31	$1,218
Gamma Investing LLC	14	$550
True Wealth Design, LLC	1	$40

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Alliancebernstein L.P.Active manager	13K	$459,335
Mai Capital Management	1	$34
Root Financial Partners, LLC	1	$34

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 69
Ten largest holders: 75.6%
Index fund managers: 43.7%
Active managers and hedge funds: 7.5%

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	4	4	1	1	−8,641	−4.9%
Index fund managers	9	0	0	0	+57K	+6.2%
Other institutions	23	15	7	2	+42K	+4.1%

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 Hawthorn Bancshares.

Only managers that filed a holdings report for both quarters are compared (71 here). 2 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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