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Independent Bank Corp
IBCP

99 hedge funds and large institutions have $220M invested in Independent Bank Corp in 2014 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 27 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,041% more call options, than puts

Call options by funds: $364K | Put options by funds: $17K

82% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 11

30% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 27

10% more capital invested

Capital invested by funds: $200M → $220M (+$20.6M)

10% more funds holding

Funds holding: 90 → 99 (+9)

Holders
99
Holders Change
+9
Holders Change %
+10%
% of All Funds
2.85%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
35
Reduced
27
Closed
11
Calls
$364K
Puts
$17K
Net Calls
+$347K
Net Calls Change
+$120K

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$5.53M
2
EC
EJF Capital
Virginia
+$4.84M
3
ECA
Endeavour Capital Advisors
Connecticut
+$3.42M
4
State Street
State Street
Massachusetts
+$2.49M
5
BIT
BlackRock Institutional Trust
California
+$2.1M

Top Sellers

Rank Fund Capital Flow
1
CCM
Castine Capital Management
Massachusetts
-$3.59M
2
NC
Northpointe Capital
Michigan
-$3.15M
3
NFA
Nationwide Fund Advisors
Ohio
-$1.74M
4
ERSOT
Employees Retirement System of Texas
Texas
-$1.46M
5
BCMU
BlueCrest Capital Management (UK)
Guernsey
-$796K
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
26
TFS Capital
Pennsylvania
$1.98M +$482K +37,361 +32%
EI
27
EAM Investors
California
$1.9M -$19.4K -1,500 -1%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$1.5M +$211K +16,345 +16%
Morgan Stanley
29
Morgan Stanley
New York
$1.42M -$611K -47,307 -30%
Boston Partners
30
Boston Partners
Massachusetts
$1.37M – – –
Wells Fargo
31
Wells Fargo
California
$1.34M +$74.7K +5,790 +6%
TCIM
32
TIAA CREF Investment Management
New York
$1.27M +$1.28M +99,074 New
Two Sigma Investments
33
Two Sigma Investments
New York
$1.25M +$869K +67,348 +226%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$1.23M +$886K +68,633 +259%
D.E. Shaw & Co
35
D.E. Shaw & Co
New York
$1.22M +$121K +9,402 +11%
GH
36
GAM Holding
Switzerland
$1.02M – – –
PAM
37
Panagora Asset Management
Massachusetts
$924K +$191K +14,828 +26%
Two Sigma Advisers
38
Two Sigma Advisers
New York
$911K +$724K +56,100 +382%
Deutsche Bank
39
Deutsche Bank
Germany
$901K +$15.2K +1,174 +2%
California Public Employees Retirement System
40
California Public Employees Retirement System
California
$856K – – –
Northern Trust
41
Northern Trust
Illinois
$830K +$280K +21,671 +51%
PPA
42
Parametric Portfolio Associates
Washington
$819K +$112K +8,652 +16%
BIM
43
BlackRock Investment Management
Delaware
$808K +$810K +62,777 New
ERSOT
44
Employees Retirement System of Texas
Texas
$797K -$1.46M -113,100 -65%
RFC
45
Russell Frank Company
Washington
$795K – – –
GCP
46
GSA Capital Partners
United Kingdom
$739K +$16.8K +1,300 +2%
PH
47
Pinnacle Holdings
Oklahoma
$706K – – –
SO
48
STRS Ohio
Ohio
$685K +$687K +53,200 New
APCM
49
Arbiter Partners Capital Management
New York
$656K – – –
EMFAT
50
Emerald Mutual Fund Advisers Trust
Pennsylvania
$644K – – –
1
2
3 4 5

IBCP Hedge Fund Activity: Q2 2014 in Review

99 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2014, worth a combined $220M — up 10% from $200M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new IBCP positions and 11 closed out — a net gain of 9 holders — while 35 added to existing stakes and 27 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $5.53M. The largest seller was Castine Capital Management, exiting entirely with an estimated $3.59M sold.

  • 99 institutional investors held Independent Bank Corp (IBCP) as of Q2 2014, up from 90 in Q1 2014.
  • Funds reported $220M of Independent Bank Corp stock for Q2 2014, up 10% quarter-over-quarter.
  • 20 funds opened new Independent Bank Corp positions in Q2 2014 and 11 closed out, a net change of +9 holders.
  • The largest Independent Bank Corp buyer in Q2 2014 was BlackRock Fund Advisors, an estimated $5.53M added.
  • The largest Independent Bank Corp seller in Q2 2014 was Castine Capital Management, an estimated $3.59M sold.

Based on aggregated 13F filings for Q2 2014.