$HRZN

$3.94 +$0.00 (0.0%) Live

$HRZN Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 67.0M shares outstanding

Who owns HRZN?

By type of holder

Institutions 11.8% Insiders 0.9% Everyone else 87.2%

Concentration Top 10 holders own 7.0%

Morgan Stanley 1.6% · Bulldog Investors, LLP 1.0%

Institutional ownership

11.8%

+7.1 pts vs last qtr

Institutional holders

106

+51 vs last qtr

Net shares bought

+4.7M

by institutions in Q2 2026

New / sold out

63 / 12

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Morgan Stanley +1.0M
Bulldog Investors, LLP NEW +658.6K

Biggest sellers in Q2 2026

Green Alpha Advisors, LLC −160.2K
Two Sigma Investments, LP −82.7K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Horizon Technology Finance Corporation in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2022–FY2025

+71.3%

+19.65% a year

Each share's claim on the business

−41.6%

shrank without buying or selling a share

Diluted shares, split-adjusted

How patient are the owners?

Institutional shares by how long they've been held

5+ years30% 3–5 years0% 1–3 years24% Under 1 year46%

Quarterly turnover

86.4%

of institutional shares changed hands

Top 10 managers, median time held

1.3 years

Super Investors

Investment managers reporting HRZN on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
MS Morgan Stanley	1.1M	1.57%	+1.0M (+2125.2%)	≤2021	0.0%
Shares held by quarter Peak holding1.1M (Q2'26) Change over 8 quarters+995.1K Share of the company1.570% Morgan Stanley's full portfolio →
BI Bulldog Investors, LLP	658.6K	0.98%	NEW	Q2 '26	0.7%
Shares held by quarter Peak holding658.6K (Q2'26) Change over 8 quarters+658.6K Share of the company0.980% Bulldog Investors, LLP's full portfolio →

Morgan Stanley

1.1M

% of company

1.57%

Change vs last qtr

+1.0M (+2125.2%)

Held since

≤2021

Bulldog Investors, LLP

658.6K

% of company

0.98%

Change vs last qtr

NEW

Held since

Q2 '26

28 more super investors behind a free account

See every manager holding Horizon Technology Finance Corporation, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting HRZN on Form N-PORT; together they hold 1.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
SO Special Opportunities Fund, Inc. Special Opportunities Fund, Inc.	$1.66M	350.4K	0.52%	0.95%	June 30, 2026
VP Virtus Private Credit Strategy ETF ETFis Series Trust I	$1.09M	252.5K	0.38%	3.59%	July 31, 2026

Special Opportunities Fund, Inc.

Position value

$1.66M

% of company

0.52%

% of the fund

0.95%

As of

June 30, 2026

Virtus Private Credit Strategy ETF

ETFis Series Trust I

Position value

$1.09M

% of company

0.38%

% of the fund

3.59%

As of

July 31, 2026

9 more funds behind a free account

See every fund holding Horizon Technology Finance Corporation and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
BM Balkin Michael Insider	243.5K	0.36%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.360% Balkin Michael's insider activity →
MG Michaud Gerald A. Insider	222.4K	0.33%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.330% Michaud Gerald A.'s insider activity →

Balkin Michael

Insider

243.5K

% of company

0.36%

Change vs last qtr

—

Held since

—

Michaud Gerald A.

Insider

222.4K

% of company

0.33%

Change vs last qtr

—

Held since

—

6 more holders behind a free account

See every insider and 5%+ holder of Horizon Technology Finance Corporation.

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