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Independent Bank Corp
IBCP

97 hedge funds and large institutions have $240M invested in Independent Bank Corp in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

54% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 24

7% more funds holding

Funds holding: 91 → 97 (+6)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

9% less capital invested

Capital invested by funds: $262M → $240M (-$22.5M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $4K

Holders
97
Holders Change
+6
Holders Change %
+6.59%
% of All Funds
2.58%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
16
Increased
37
Reduced
24
Closed
10
Calls
–
Puts
$4K
Net Calls
-$4K
Net Calls Change
-$86K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$2.58M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.09M
3
RFC
Russell Frank Company
Washington
+$1.03M
4
Morgan Stanley
Morgan Stanley
New York
+$862K
5
CP
Clover Partners
Texas
+$853K

Top Sellers

Rank Fund Capital Flow
1
EPCA
Elizabeth Park Capital Advisors
Ohio
-$6.42M
2
SCA
Stieven Capital Advisors
Missouri
-$4.99M
3
Ameriprise
Ameriprise
Minnesota
-$4.11M
4
CCM
Castine Capital Management
Massachusetts
-$3.59M
5
ECA
Endeavour Capital Advisors
Connecticut
-$3.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$2.58M +$2.58M +176,942 New
AQR Capital Management
27
AQR Capital Management
Connecticut
$2.35M +$1.09M +74,957 +87%
BCM
28
Bridgeway Capital Management
Texas
$2.27M – – –
SCA
29
Stieven Capital Advisors
Missouri
$2.04M -$4.99M -341,970 -71%
Wells Fargo
30
Wells Fargo
California
$1.66M -$405K -27,752 -20%
Bank of New York Mellon
31
Bank of New York Mellon
New York
$1.5M -$2.1K -144 -0.1%
JP Morgan Chase
32
JP Morgan Chase
New York
$1.38M -$43.7K -3,000 -3%
BIM
33
BlackRock Investment Management
Delaware
$1.36M +$143K +9,786 +12%
California Public Employees Retirement System
34
California Public Employees Retirement System
California
$1.33M -$10.2K -700 -0.8%
TCIM
35
TIAA CREF Investment Management
New York
$1.25M -$110K -7,563 -8%
Two Sigma Advisers
36
Two Sigma Advisers
New York
$1.16M +$164K +11,224 +16%
Morgan Stanley
37
Morgan Stanley
New York
$916K +$862K +59,132 +1,545%
Two Sigma Investments
38
Two Sigma Investments
New York
$904K +$249K +17,044 +38%
Victory Capital Management
39
Victory Capital Management
Texas
$789K +$4.59K +315 +0.6%
AA
40
Ancora Advisors
Ohio
$773K -$32.1K -2,200 -4%
ZIM
41
Zacks Investment Management
Illinois
$768K +$769K +52,759 New
PH
42
Pinnacle Holdings
Oklahoma
$757K +$15 +1 +0%
EMFAT
43
Emerald Mutual Fund Advisers Trust
Pennsylvania
$728K – – –
Los Angeles Capital Management
44
Los Angeles Capital Management
California
$702K -$233K -15,960 -25%
California State Teachers Retirement System (CalSTRS)
45
California State Teachers Retirement System (CalSTRS)
California
$668K +$48K +3,295 +8%
NFA
46
Nationwide Fund Advisors
Ohio
$621K +$28.7K +1,970 +5%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$586K +$292K +20,020 +99%
Norges Bank
48
Norges Bank
Norway
$552K – – –
MCM
49
Matarin Capital Management
New York
$536K +$22.8K +1,566 +4%
NI
50
Numeric Investors
Massachusetts
$525K +$527K +36,107 New
1
2
3 4 5

IBCP Hedge Fund Activity: Q1 2016 in Review

97 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2016, worth a combined $240M — down 8.6% from $262M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new IBCP positions and 10 closed out — a net gain of 6 holders — while 37 added to existing stakes and 24 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $2.58M. The largest seller was Elizabeth Park Capital Advisors, exiting entirely with an estimated $6.42M sold.

  • 97 institutional investors held Independent Bank Corp (IBCP) as of Q1 2016, up from 91 in Q4 2015.
  • Funds reported $240M of Independent Bank Corp stock for Q1 2016, down 8.6% quarter-over-quarter.
  • 16 funds opened new Independent Bank Corp positions in Q1 2016 and 10 closed out, a net change of +6 holders.
  • The largest Independent Bank Corp buyer in Q1 2016 was Millennium Management, an estimated $2.58M added.
  • The largest Independent Bank Corp seller in Q1 2016 was Elizabeth Park Capital Advisors, an estimated $6.42M sold.

Based on aggregated 13F filings for Q1 2016.