Banc Funds Company’s Independent Bank Corp IBCP Stock Holding History

Banc Funds Company’s Portfolio IBCP Stock Details IBCP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q3	–	Sell	-37,698	Closed	-$511K	–	312
2015 Q2	$511K	Sell	37,698 -118,202	-76%	-$1.57M	0.03%	282
2015 Q1	$2M	Sell	155,900 -103,000	-40%	-$1.31M	0.13%	178
2014 Q4	$3.38M	Hold	258,900	–	–	0.23%	117
2014 Q3	$3.09M	Sell	258,900 -111,100	-30%	-$1.38M	0.24%	118
2014 Q2	$4.76M	Hold	370,000	–	–	0.35%	84
2014 Q1	$4.8M	Hold	370,000	–	–	0.36%	82
2013 Q4	$4.44M	Sell	370,000 -5,000	-1%	-$53.7K	0.34%	87
2013 Q3	$3.75M	Buy	+375,000	New	+$3.17M	0.31%	91

Other funds holding IBCP

EJF Capital Arlington, Virginia $142M AUM 23.3% 1-Year Est. Return

BCM

Basswood Capital Management New York $2.12B AUM 19.53% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

PCA

PL Capital Advisors Naples, Florida $332M AUM 17.89% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

MCM

Maltese Capital Management New York $508M AUM 21.31% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Clover Partners Dallas, Texas $43.1M AUM 4.09% 1-Year Est. Return

ECA

Endeavour Capital Advisors Greenwich, Connecticut $441M AUM 21.38% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Banc Funds Company's IBCP Position: Q3 2015 in Review

Banc Funds Company sold out of Independent Bank Corp (IBCP) in Q3 2015, closing a stake of 37,698 shares — an estimated $511K sold.

Banc Funds Company first reported a position in IBCP in Q3 2013 and held it in 8 quarters. The position peaked at $4.8M in Q1 2014. 91 funds tracked by Wall St. Rank hold IBCP as of Q3 2015.

Banc Funds Company reported no remaining Independent Bank Corp position as of Q3 2015 after selling out during the quarter.
Banc Funds Company sold 37,698 Independent Bank Corp shares in Q3 2015, an estimated $511K.
Banc Funds Company first reported a position in Independent Bank Corp in Q3 2013 and held it in 8 quarters.
Banc Funds Company's Independent Bank Corp position peaked at $4.8M in Q1 2014.
91 funds tracked by Wall St. Rank held Independent Bank Corp as of Q3 2015.

Based on Banc Funds Company's 13F filing for Q3 2015, filed 12 Nov 2015.