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Independent Bank Corp
IBCP

89 hedge funds and large institutions have $201M invested in Independent Bank Corp in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 33 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,471% more call options, than puts

Call options by funds: $377K | Put options by funds: $24K

9% less capital invested

Capital invested by funds: $220M → $201M (-$19.6M)

10% less funds holding

Funds holding: 99 → 89 (-10)

15% less repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 33

53% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 19

Holders
89
Holders Change
-10
Holders Change %
-10.1%
% of All Funds
2.58%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
9
Increased
28
Reduced
33
Closed
19
Calls
$377K
Puts
$24K
Net Calls
+$353K
Net Calls Change
+$6K

Top Buyers

Rank Fund Capital Flow
1
PCA
PL Capital Advisors
Florida
+$12.4M
2
BCM
Basswood Capital Management
New York
+$8.04M
3
MCM
Maltese Capital Management
New York
+$4.88M
4
ECA
Endeavour Capital Advisors
Connecticut
+$3.92M
5
Northern Trust
Northern Trust
Illinois
+$2.14M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$11.7M
2
HAI
Hennessy Advisors Inc
California
-$2.72M
3
EC
EJF Capital
Virginia
-$2.68M
4
TI
Turner Investments
Pennsylvania
-$2.14M
5
NC
Northpointe Capital
Michigan
-$2.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
EI
26
EAM Investors
California
$1.76M – – –
Geode Capital Management
27
Geode Capital Management
Massachusetts
$1.56M +$184K +14,840 +13%
Wells Fargo
28
Wells Fargo
California
$1.32M +$82.7K +6,684 +6%
Boston Partners
29
Boston Partners
Massachusetts
$1.27M +$3.71K +300 +0.3%
TCIM
30
TIAA CREF Investment Management
New York
$1.16M -$20.2K -1,632 -2%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$1.15M +$14.1K +1,141 +1%
PPA
32
Parametric Portfolio Associates
Washington
$1.09M +$343K +27,682 +44%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$962K +$123K +9,900 +14%
GH
34
GAM Holding
Switzerland
$946K – – –
Two Sigma Investments
35
Two Sigma Investments
New York
$944K -$223K -18,039 -19%
FP
36
Foundry Partners
Minnesota
$875K +$304K +24,550 +50%
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$793K – – –
BIM
38
BlackRock Investment Management
Delaware
$748K – – –
Stifel Financial
39
Stifel Financial
Missouri
$724K +$259K +20,899 +52%
RFC
40
Russell Frank Company
Washington
$719K +$3.71K +300 +0.5%
Goldman Sachs
41
Goldman Sachs
New York
$659K +$74.7K +6,034 +12%
PH
42
Pinnacle Holdings
Oklahoma
$647K -$7.43K -600 -1%
APCM
43
Arbiter Partners Capital Management
New York
$608K – – –
EMFAT
44
Emerald Mutual Fund Advisers Trust
Pennsylvania
$596K – – –
HAI
45
Hennessy Advisors Inc
California
$536K -$2.72M -220,000 -83%
California State Teachers Retirement System (CalSTRS)
46
California State Teachers Retirement System (CalSTRS)
California
$505K +$5.45K +440 +1%
AQR Capital Management
47
AQR Capital Management
Connecticut
$499K – – –
LSV Asset Management
48
LSV Asset Management
Illinois
$494K +$514K +41,500 New
MAM
49
Martingale Asset Management
Massachusetts
$493K +$511K +41,300 New
PAM
50
Panagora Asset Management
Massachusetts
$422K -$450K -36,326 -51%
1
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IBCP Hedge Fund Activity: Q3 2014 in Review

89 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2014, worth a combined $201M — down 8.9% from $220M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of IBCP and 9 opened new positions — a net loss of 10 holders — while 33 trimmed existing stakes and 28 added.

The largest buyer was PL Capital Advisors, opening a new position worth an estimated $12.4M. The largest seller was Wellington Management Group, cutting an estimated $11.7M.

  • 89 institutional investors held Independent Bank Corp (IBCP) as of Q3 2014, down from 99 in Q2 2014.
  • Funds reported $201M of Independent Bank Corp stock for Q3 2014, down 8.9% quarter-over-quarter.
  • 9 funds opened new Independent Bank Corp positions in Q3 2014 and 19 closed out, a net change of -10 holders.
  • The largest Independent Bank Corp buyer in Q3 2014 was PL Capital Advisors, an estimated $12.4M added.
  • The largest Independent Bank Corp seller in Q3 2014 was Wellington Management Group, an estimated $11.7M sold.

Based on aggregated 13F filings for Q3 2014.