Horizon Technology Finance Corporation
US ˙ NasdaqGS ˙ US44045A1025

SecurityHRZN / Horizon Technology Finance Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership47,437 shares
Latest Disclosed Value $ 199,713
Morgan Stanley reports 38.29% decrease in ownership of HRZN / Horizon Technology Finance Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 47,437 shares of Horizon Technology Finance Corporation (US:HRZN) valued at $199,710 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 76,865 shares of Horizon Technology Finance Corporation. This represents a change in shares of -38.29% during the quarter. The current value of the position is $218,210 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 47,437 -29,428 -38.29 200 -59.80 0.0000
2026-05-27 2025-12-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 76,865 3,642 4.97 496 10.99 0.0000
2026-02-13 2025-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 76,865 3,642 496 0.0000
2026-05-27 2025-09-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 73,223 23,063 45.98 447 23.55 0.0000
2025-11-14 2025-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 73,223 23,063 447 0.0000
2025-08-15 2025-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 50,160 -66,292 -56.93 361 -67.06 0.0000
2025-05-15 2025-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 116,452 38,238 48.89 1,097 55.90 0.0001
2025-05-15 2024-12-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 78,214 17,760 29.38 703 9.33 0.0000
2025-02-14 2024-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 78,214 17,760 703 0.0000
2025-05-14 2024-09-30 13F/A-2 HORIZON TECHNOLOGY FIN COM 44045A102 60,454 -3,383 -5.30 644 -16.28 0.0000
2025-02-14 2024-09-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 60,454 -3,383 644 0.0000
2024-11-14 2024-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 60,454 -3,383 644 0.0000
2025-05-14 2024-06-30 13F/A-2 HORIZON TECHNOLOGY FIN COM 44045A102 63,837 -14,923 -18.95 769 -14.19 0.0001
2024-10-17 2024-06-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 63,837 -14,923 769 0.0001
2024-08-14 2024-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 63,837 -14,923 769 0.0001
2024-10-17 2024-03-31 13F/A-2 HORIZON TECHNOLOGY FIN COM 44045A102 78,760 19,069 31.95 896 13.87 0.0001
2024-08-16 2024-03-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 78,760 19,069 896 0.0000
2024-05-15 2024-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 78,760 19,069 896 0.0001
2024-08-16 2023-12-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 59,691 -158,207 -72.61 786 -69.63 0.0001
2024-02-13 2023-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 59,691 -158,207 786 0.0001
2023-11-15 2023-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 217,898 12,939 6.31 2,589 4.57 0.0003
2023-08-14 2023-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 204,959 158,768 343.72 2,476 375.05 0.0002
2023-05-15 2023-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 46,191 66 0.14 521 -2.62 0.0001
2023-02-14 2022-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 46,125 -9,296 -16.77 535 -3.43 0.0001
2022-11-14 2022-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 55,421 9,473 20.62 554 4.53 0.0001
2022-10-27 2022-06-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 45,948 13,972 43.70 530 19.64 0.0001
2022-08-15 2022-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 45,948 13,972 530 0.0000
2022-10-27 2022-03-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 31,976 -10,801 -25.25 443 -35.04 0.0001
2022-05-13 2022-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 31,976 -10,801 443 0.0001
2022-02-14 2021-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 42,777 6,048 16.47 682 14.43 0.0001
2021-11-15 2021-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 36,729 1,206 3.39 596 -2.93 0.0001
2021-08-23 2021-06-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 35,523 9,507 36.54 614 64.17 0.0001
2021-08-16 2021-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 35,523 9,507 614 0.0000
2021-05-17 2021-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 26,016 -24,610 -48.61 374 -44.18 0.0001
2021-02-16 2020-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 50,626 7,976 18.70 670 27.86 0.0001
2020-11-13 2020-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 42,650 19,222 82.05 524 105.49 0.0001
2020-08-14 2020-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 23,428 -20,186 -46.28 255 -27.97 0.0001
2020-05-26 2020-03-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 43,614 6,236 16.68 354 -26.71 0.0001
2020-05-15 2020-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 43,614 6,236 354 27.1946
2020-02-14 2019-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 37,378 9,545 34.29 483 46.81 0.0001
2019-11-14 2019-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 27,833 -13,985 -33.44 329 -33.27 0.0001
2019-08-14 2019-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 41,818 -21,402 -33.85 493 -33.83 0.0001
2019-05-15 2019-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 63,220 34,067 116.86 745 127.13 0.0002
2019-02-14 2018-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 29,153 16,094 123.24 328 120.13 0.0001
2019-04-23 2018-09-30 13F/A-2 HORIZON TECHNOLOGY FIN COM 44045A102 13,059 -6,057 -31.69 149 -22.40 0.0000
2018-11-20 2018-09-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 13,059 0 149 0.0000
2018-11-14 2018-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 13,059 -6,057 149
2019-04-23 2018-06-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 19,116 -2,936 -13.31 192 -16.52 0.0001
2018-08-14 2018-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 19,116 -2,936 192
2019-04-23 2018-03-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 22,052 -72,190 -76.60 230 -78.24 0.0001
2018-05-14 2018-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 22,052 -72,190 230
2019-04-23 2017-12-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 94,242 2,574 2.81 1,057 3.83 0.0003
2018-02-14 2017-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 94,242 2,574 1,057
2017-11-14 2017-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 91,668 6,908 8.15 1,018 5.93 0.0003
2017-08-11 2017-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 84,760 5,665 7.16 961 9.08 0.0003
2017-05-22 2017-03-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 79,095 47,338 149.06 881 163.77 0.0003
2017-05-12 2017-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 79,095 881
2017-02-22 2016-12-31 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 31,757 -85,049 -72.81 334 -78.93 0.0001
2017-02-13 2016-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 31,757 334
2016-11-10 2016-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 116,806 -11,185 -8.74 1,585 1.41 0.0005
2016-08-12 2016-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 127,991 7,214 5.97 1,563 11.48 0.0006
2016-05-12 2016-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 120,777 9,191 8.24 1,402 7.10 0.0005
2016-02-09 2015-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 111,586 -9,503 -7.85 1,309 19.54 0.0005
2016-02-08 2015-09-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 121,089 -105,425 -46.54 1,095 -61.86 0.0004
2015-11-09 2015-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 121,089 1,095
2015-08-12 2015-06-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 226,514 95,124 72.40 2,871 58.09 0.0010
2015-05-14 2015-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 131,390 2,035 1.57 1,816 0.39 0.0007
2015-02-13 2014-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 129,355 56,435 77.39 1,809 84.59 0.0007
2014-12-16 2014-09-30 13F/A-1 HORIZON TECHNOLOGY FIN COM 44045A102 72,920 51,545 241.15 980 265.67 0.0004
2014-11-14 2014-09-30 13F HORIZON TECHNOLOGY FIN COM 44045A102 72,920 980
2014-05-13 2014-03-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 21,375 -672 -3.05 268 -14.38 0.0001
2014-02-13 2013-12-31 13F HORIZON TECHNOLOGY FIN COM 44045A102 22,047 -7,761 -26.04 313 -21.16 0.0001
2013-11-13 2013-09-30 13F HORIZON TECHNOLOGY FINANCE COM 44045A102 29,808 -1,135 -3.67 397 -6.81 0.0002
2013-08-08 2013-06-30 13F HORIZON TECHNOLOGY FINANCE COM 44045A102 30,943 30,943 426 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.