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Independent Bank Corp
IBCP

90 hedge funds and large institutions have $200M invested in Independent Bank Corp in 2014 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 26 increasing their positions, 27 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

5,675% more call options, than puts

Call options by funds: $231K | Put options by funds: $4K

425% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 4

23% more funds holding

Funds holding: 73 → 90 (+17)

12% more capital invested

Capital invested by funds: $179M → $200M (+$21.3M)

4% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 27

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
90
Holders Change
+17
Holders Change %
+23.29%
% of All Funds
2.6%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
26
Reduced
27
Closed
4
Calls
$231K
Puts
$4K
Net Calls
+$227K
Net Calls Change
+$79K

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.63M
2
EAM
Eagle Asset Management
Florida
+$5.15M
3
NC
Northpointe Capital
Michigan
+$4.46M
4
Morgan Stanley
Morgan Stanley
New York
+$1.65M
5
EPCA
Elizabeth Park Capital Advisors
Ohio
+$1.41M

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$9.12M
2
Ameriprise
Ameriprise
Minnesota
-$4.63M
3
MCM
Maltese Capital Management
New York
-$4.41M
4
FCM
FJ Capital Management
Virginia
-$1.21M
5
Renaissance Technologies
Renaissance Technologies
New York
-$963K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFA
26
Nationwide Fund Advisors
Ohio
$1.94M +$547K +42,200 +39%
EI
27
EAM Investors
California
$1.94M -$56.8K -4,381 -3%
TC
28
TFS Capital
Pennsylvania
$1.51M +$972K +74,961 +180%
Boston Partners
29
Boston Partners
Massachusetts
$1.38M -$85.6K -6,600 -6%
Geode Capital Management
30
Geode Capital Management
Massachusetts
$1.29M +$107K +8,220 +9%
Wells Fargo
31
Wells Fargo
California
$1.28M +$365K +28,185 +40%
D.E. Shaw & Co
32
D.E. Shaw & Co
New York
$1.11M +$1.11M +85,699 New
GH
33
GAM Holding
Switzerland
$1.03M +$1.03M +79,400 New
Goldman Sachs
34
Goldman Sachs
New York
$951K +$22.3K +1,717 +2%
Deutsche Bank
35
Deutsche Bank
Germany
$894K -$856K -66,000 -49%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$869K +$230K +17,700 +36%
Stifel Financial
37
Stifel Financial
Missouri
$818K +$818K +63,121 New
U
38
UBS
Switzerland
$816K +$725K +55,885 +802%
BCMU
39
BlueCrest Capital Management (UK)
Guernsey
$796K +$795K +61,290 New
BFA
40
BlackRock Fund Advisors
California
$785K +$95K +7,326 +14%
RFC
41
Russell Frank Company
Washington
$779K -$85.6K -6,600 -10%
CS
42
Credit Suisse
Switzerland
$767K +$271K +20,862 +54%
PAM
43
Panagora Asset Management
Massachusetts
$739K +$738K +56,934 New
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$732K +$731K +56,397 New
GCP
45
GSA Capital Partners
United Kingdom
$728K +$280K +21,600 +63%
PPA
46
Parametric Portfolio Associates
Washington
$713K +$467K +35,991 +190%
PH
47
Pinnacle Holdings
Oklahoma
$712K – – –
APCM
48
Arbiter Partners Capital Management
New York
$662K – – –
EMFAT
49
Emerald Mutual Fund Advisers Trust
Pennsylvania
$649K -$648K -50,000 -50%
FP
50
Foundry Partners
Minnesota
$639K -$812K -62,615 -56%
1
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IBCP Hedge Fund Activity: Q1 2014 in Review

90 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2014, worth a combined $200M — up 12% from $179M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new IBCP positions and 4 closed out — a net gain of 17 holders — while 26 added to existing stakes and 27 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $6.63M. The largest seller was Basswood Capital Management, cutting an estimated $9.12M.

  • 90 institutional investors held Independent Bank Corp (IBCP) as of Q1 2014, up from 73 in Q4 2013.
  • Funds reported $200M of Independent Bank Corp stock for Q1 2014, up 12% quarter-over-quarter.
  • 21 funds opened new Independent Bank Corp positions in Q1 2014 and 4 closed out, a net change of +17 holders.
  • The largest Independent Bank Corp buyer in Q1 2014 was Wellington Management Group, an estimated $6.63M added.
  • The largest Independent Bank Corp seller in Q1 2014 was Basswood Capital Management, an estimated $9.12M sold.

Based on aggregated 13F filings for Q1 2014.