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Independent Bank Corp
IBCP

68 hedge funds and large institutions have $133M invested in Independent Bank Corp in 2013 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 16 increasing their positions, 4 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,050% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 2

1,296% more call options, than puts

Call options by funds: $377K | Put options by funds: $27K

1,244% more capital invested

Capital invested by funds: $9.89M → $133M (+$123M)

300% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 4

152% more funds holding

Funds holding: 27 → 68 (+41)

Holders
68
Holders Change
+41
Holders Change %
+151.85%
% of All Funds
2.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
43
Increased
16
Reduced
4
Closed
2
Calls
$377K
Puts
$27K
Net Calls
+$350K
Net Calls Change
+$350K

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$14.7M
2
MCM
Maltese Capital Management
New York
+$10.2M
3
EC
EJF Capital
Virginia
+$8.65M
4
BCM
Basswood Capital Management
New York
+$7.73M
5
Ameriprise
Ameriprise
Minnesota
+$7.62M

Top Sellers

Rank Fund Capital Flow
1
N
Natixis
France
-$120K
2
LPL Financial
LPL Financial
California
-$63K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$23.3K
4
Citigroup
Citigroup
New York
-$6.76K
5
NSAM
North Star Asset Management
Wisconsin
-$4.93K
Name Holding Trade Value Shares
Change 		Change in
Stake
PFP
26
Patriot Financial Partners
Pennsylvania
$1M +$846K +100,100 New
Boston Partners
27
Boston Partners
Massachusetts
$1M +$845K +100,000 New
Morgan Stanley
28
Morgan Stanley
New York
$828K +$699K +82,741 New
BGIM
29
Brandywine Global Investment Management
Pennsylvania
$823K +$695K +82,285 New
RFC
30
Russell Frank Company
Washington
$745K +$630K +74,500 New
MCA
31
Mendon Capital Advisors
Florida
$740K +$625K +74,000 New
Geode Capital Management
32
Geode Capital Management
Massachusetts
$654K +$349K +41,325 +172%
California Public Employees Retirement System
33
California Public Employees Retirement System
California
$598K – – –
PH
34
Pinnacle Holdings
Oklahoma
$526K +$30.4K +3,595 +7%
BP
35
Boston Provident
New Jersey
$525K +$444K +52,530 New
Millennium Management
36
Millennium Management
New York
$510K +$431K +50,977 New
APCM
37
Arbiter Partners Capital Management
New York
$510K +$431K +51,000 New
Deutsche Bank
38
Deutsche Bank
Germany
$510K +$431K +51,001 New
BFA
39
BlackRock Fund Advisors
California
$509K +$287K +33,986 +201%
EMFAT
40
Emerald Mutual Fund Advisers Trust
Pennsylvania
$500K +$423K +50,000 New
BMCMI
41
Bryn Mawr Capital Management Inc
Pennsylvania
$479K +$404K +47,858 New
ACM
42
Ativo Capital Management
Illinois
$400K +$338K +39,981 New
Northern Trust
43
Northern Trust
Illinois
$365K +$194K +22,996 +170%
HCM
44
Highbridge Capital Management
New York
$322K +$272K +32,225 New
NSAM
45
North Star Asset Management
Wisconsin
$246K -$4.93K -583 -2%
Invesco
46
Invesco
Georgia
$236K +$21.3K +2,520 +12%
Wells Fargo
47
Wells Fargo
California
$232K +$196K +23,167 +1,158,350%
SNC
48
Stifel Nicolaus & Co
Missouri
$223K +$188K +22,269 New
State Street
49
State Street
Massachusetts
$202K +$171K +20,220 New
Tudor Investment Corp
50
Tudor Investment Corp
Connecticut
$200K +$169K +20,000 New
1
2
3

IBCP Hedge Fund Activity: Q3 2013 in Review

68 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2013, worth a combined $133M — up 1,244% from $9.89M a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new IBCP positions and 2 closed out — a net gain of 41 holders — while 16 added to existing stakes and 4 trimmed.

The largest buyer was Wellington Management Group, opening a new position worth an estimated $14.7M. The largest seller was Natixis, exiting entirely with an estimated $120K sold.

  • 68 institutional investors held Independent Bank Corp (IBCP) as of Q3 2013, up from 27 in Q2 2013.
  • Funds reported $133M of Independent Bank Corp stock for Q3 2013, up 1,244% quarter-over-quarter.
  • 43 funds opened new Independent Bank Corp positions in Q3 2013 and 2 closed out, a net change of +41 holders.
  • The largest Independent Bank Corp buyer in Q3 2013 was Wellington Management Group, an estimated $14.7M added.
  • The largest Independent Bank Corp seller in Q3 2013 was Natixis, an estimated $120K sold.

Based on aggregated 13F filings for Q3 2013.