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Independent Bank Corp
IBCP

91 hedge funds and large institutions have $260M invested in Independent Bank Corp in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

44% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 27

9% more capital invested

Capital invested by funds: $239M → $260M (+$21.1M)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

1% less funds holding

Funds holding: 92 → 91 (-1)

60% less call options, than puts

Call options by funds: $327K | Put options by funds: $808K

Holders
91
Holders Change
-1
Holders Change %
-1.09%
% of All Funds
2.54%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
9
Increased
39
Reduced
27
Closed
9
Calls
$327K
Puts
$808K
Net Calls
-$481K
Net Calls Change
+$514K

Top Buyers

Rank Fund Capital Flow
1
CP
Clover Partners
Texas
+$4.85M
2
Invesco
Invesco
Georgia
+$3.68M
3
AL
AJO LP
Pennsylvania
+$2.01M
4
CCM
Castine Capital Management
Massachusetts
+$1.95M
5
JP Morgan Chase
JP Morgan Chase
New York
+$1.42M

Top Sellers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
-$7.94M
2
Ameriprise
Ameriprise
Minnesota
-$4.13M
3
BCM
Bridgeway Capital Management
Texas
-$2.76M
4
EAM
Eagle Asset Management
Florida
-$2.24M
5
ECA
Endeavour Capital Advisors
Connecticut
-$969K
Name Holding Trade Value Shares
Change 		Change in
Stake
KCM
26
Kennedy Capital Management
Missouri
$2.99M -$10.6K -752 -0.4%
FP
27
Foundry Partners
Minnesota
$2.98M +$326K +23,170 +13%
BCM
28
Bridgeway Capital Management
Texas
$2.31M -$2.76M -196,150 -56%
Wells Fargo
29
Wells Fargo
California
$2.26M +$482K +34,188 +29%
Norges Bank
30
Norges Bank
Norway
$2.18M – – –
Geode Capital Management
31
Geode Capital Management
Massachusetts
$2.15M +$2.8K +199 +0.1%
AL
32
AJO LP
Pennsylvania
$2.11M +$2.01M +142,887 New
Bank of New York Mellon
33
Bank of New York Mellon
New York
$1.54M -$326K -23,150 -18%
AA
34
Ancora Advisors
Ohio
$1.51M -$763K -54,197 -35%
JP Morgan Chase
35
JP Morgan Chase
New York
$1.48M +$1.42M +100,500 New
TCIM
36
TIAA CREF Investment Management
New York
$1.28M -$46.5K -3,300 -4%
BIM
37
BlackRock Investment Management
Delaware
$1.2M +$263K +18,650 +30%
CEP
38
Chicago Equity Partners
Illinois
$1.18M +$1.12M +79,587 New
GH
39
GAM Holding
Switzerland
$1.01M -$12.7K -900 -1%
California Public Employees Retirement System
40
California Public Employees Retirement System
California
$982K – – –
LSV Asset Management
41
LSV Asset Management
Illinois
$972K -$582K -41,300 -39%
Los Angeles Capital Management
42
Los Angeles Capital Management
California
$948K +$133K +9,450 +17%
Two Sigma Advisers
43
Two Sigma Advisers
New York
$901K +$145K +10,300 +20%
Deutsche Bank
44
Deutsche Bank
Germany
$809K +$409K +29,030 +112%
PH
45
Pinnacle Holdings
Oklahoma
$768K +$14 +1 +0%
EMFAT
46
Emerald Mutual Fund Advisers Trust
Pennsylvania
$738K – – –
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$617K -$1.41K -100 -0.2%
Millennium Management
48
Millennium Management
New York
$613K +$280K +19,856 +92%
NFA
49
Nationwide Fund Advisors
Ohio
$609K +$369K +26,200 +174%
Charles Schwab
50
Charles Schwab
California
$503K – – –
1
2
3 4

IBCP Hedge Fund Activity: Q3 2015 in Review

91 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2015, worth a combined $260M — up 8.8% from $239M a quarter earlier.

Fund positioning in IBCP was balanced in Q3 2015: 9 funds opened new positions, 9 closed out, 39 added to existing stakes and 27 trimmed.

The largest buyer was Clover Partners, adding an estimated $4.85M. The largest seller was Maltese Capital Management, cutting an estimated $7.94M.

  • 91 institutional investors held Independent Bank Corp (IBCP) as of Q3 2015, down from 92 in Q2 2015.
  • Funds reported $260M of Independent Bank Corp stock for Q3 2015, up 8.8% quarter-over-quarter.
  • 9 funds opened new Independent Bank Corp positions in Q3 2015 and 9 closed out, a net change of 0 holders.
  • The largest Independent Bank Corp buyer in Q3 2015 was Clover Partners, an estimated $4.85M added.
  • The largest Independent Bank Corp seller in Q3 2015 was Maltese Capital Management, an estimated $7.94M sold.

Based on aggregated 13F filings for Q3 2015.