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Independent Bank Corp
IBCP

85 hedge funds and large institutions have $225M invested in Independent Bank Corp in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

539% more call options, than puts

Call options by funds: $294K | Put options by funds: $46K

33% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 24

12% more capital invested

Capital invested by funds: $201M → $225M (+$23.9M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 89 → 85 (-4)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
85
Holders Change
-4
Holders Change %
-4.49%
% of All Funds
2.27%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
5
Increased
32
Reduced
24
Closed
8
Calls
$294K
Puts
$46K
Net Calls
+$248K
Net Calls Change
-$105K

Top Buyers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
+$3.05M
2
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$2.33M
3
EC
EJF Capital
Virginia
+$2.33M
4
RFC
Russell Frank Company
Washington
+$2.11M
5
EAM
Eagle Asset Management
Florida
+$1.49M

Top Sellers

Rank Fund Capital Flow
1
NC
Northpointe Capital
Michigan
-$6.47M
2
ECA
Endeavour Capital Advisors
Connecticut
-$1.92M
3
APCM
Arbiter Partners Capital Management
New York
-$608K
4
HAI
Hennessy Advisors Inc
California
-$536K
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$499K
Name Holding Trade Value Shares
Change 		Change in
Stake
Norges Bank
26
Norges Bank
Norway
$2.01M – – –
EI
27
EAM Investors
California
$1.8M -$118K -9,666 -7%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$1.73M +$23.1K +1,897 +1%
Boston Partners
29
Boston Partners
Massachusetts
$1.6M +$198K +16,270 +15%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$1.6M +$321K +26,346 +27%
Wells Fargo
31
Wells Fargo
California
$1.48M +$26.3K +2,158 +2%
FP
32
Foundry Partners
Minnesota
$1.44M +$446K +36,625 +50%
LSV Asset Management
33
LSV Asset Management
Illinois
$1.4M +$800K +65,688 +158%
Two Sigma Investments
34
Two Sigma Investments
New York
$1.2M +$151K +12,392 +16%
TCIM
35
TIAA CREF Investment Management
New York
$1.17M -$90.8K -7,457 -8%
GH
36
GAM Holding
Switzerland
$1.04M – – –
PPA
37
Parametric Portfolio Associates
Washington
$1.01M -$169K -13,884 -15%
California Public Employees Retirement System
38
California Public Employees Retirement System
California
$845K – – –
BIM
39
BlackRock Investment Management
Delaware
$819K – – –
Two Sigma Advisers
40
Two Sigma Advisers
New York
$786K -$250K -20,500 -25%
Deutsche Bank
41
Deutsche Bank
Germany
$733K +$674K +55,364 +6,483%
PH
42
Pinnacle Holdings
Oklahoma
$679K -$26.8K -2,204 -4%
EMFAT
43
Emerald Mutual Fund Advisers Trust
Pennsylvania
$653K – – –
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$555K +$2.2K +181 +0.4%
AQR Capital Management
45
AQR Capital Management
Connecticut
$506K -$37.8K -3,100 -7%
Charles Schwab
46
Charles Schwab
California
$445K – – –
TA
47
Teachers Advisors
New York
$422K – – –
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$372K +$46K +3,780 +15%
First Trust Advisors
49
First Trust Advisors
Illinois
$353K +$18.8K +1,540 +6%
Stifel Financial
50
Stifel Financial
Missouri
$342K -$421K -34,564 -57%
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IBCP Hedge Fund Activity: Q4 2014 in Review

85 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2014, worth a combined $225M — up 12% from $201M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of IBCP and 5 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 32 added.

The largest buyer was Maltese Capital Management, adding an estimated $3.05M. The largest seller was Northpointe Capital, exiting entirely with an estimated $6.47M sold.

  • 85 institutional investors held Independent Bank Corp (IBCP) as of Q4 2014, down from 89 in Q3 2014.
  • Funds reported $225M of Independent Bank Corp stock for Q4 2014, up 12% quarter-over-quarter.
  • 5 funds opened new Independent Bank Corp positions in Q4 2014 and 8 closed out, a net change of -3 holders.
  • The largest Independent Bank Corp buyer in Q4 2014 was Maltese Capital Management, an estimated $3.05M added.
  • The largest Independent Bank Corp seller in Q4 2014 was Northpointe Capital, an estimated $6.47M sold.

Based on aggregated 13F filings for Q4 2014.