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Independent Bank Corp
IBCP

108 hedge funds and large institutions have $369M invested in Independent Bank Corp in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 50 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 26

80.09% more ownership

Funds ownership: 0% → 80.09% (+80%)

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

33% more capital invested

Capital invested by funds: $277M → $369M (+$92.5M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

3% more funds holding

Funds holding: 105 → 108 (+3)

Holders
108
Holders Change
+3
Holders Change %
+2.86%
% of All Funds
2.7%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
13
Increased
50
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
+$3.41M
2
Invesco
Invesco
Georgia
+$2.99M
3
JP Morgan Chase
JP Morgan Chase
New York
+$2.32M
4
BFA
BlackRock Fund Advisors
California
+$1.83M
5
Morgan Stanley
Morgan Stanley
New York
+$1.82M

Top Sellers

Rank Fund Capital Flow
1
CP
Clover Partners
Texas
-$5.58M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.36M
3
JAM
Jacobs Asset Management
New York
-$2.69M
4
MCM
Maltese Capital Management
New York
-$1.06M
5
Boston Partners
Boston Partners
Massachusetts
-$1.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
Invesco
26
Invesco
Georgia
$4.28M +$2.99M +162,204 +464%
KCM
27
Kennedy Capital Management
Missouri
$4.14M -$162K -8,785 -4%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$3.5M +$170K +9,236 +6%
Boston Partners
29
Boston Partners
Massachusetts
$3.25M -$1.05M -56,680 -27%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$2.91M +$311K +16,880 +14%
SCA
31
Stieven Capital Advisors
Missouri
$2.81M -$3.69K -200 -0.2%
Millennium Management
32
Millennium Management
New York
$2.81M +$822K +44,550 +52%
California Public Employees Retirement System
33
California Public Employees Retirement System
California
$2.42M +$44.3K +2,400 +2%
Wells Fargo
34
Wells Fargo
California
$2.37M -$273K -14,778 -12%
WCM
35
Wedge Capital Management
North Carolina
$2.19M +$196K +10,621 +12%
MAM
36
Martingale Asset Management
Massachusetts
$2.16M +$779K +42,215 +74%
TCIM
37
TIAA CREF Investment Management
New York
$1.99M +$109K +5,888 +7%
BIM
38
BlackRock Investment Management
Delaware
$1.93M -$14.7K -795 -0.9%
CEP
39
Chicago Equity Partners
Illinois
$1.93M +$74.1K +4,020 +5%
Victory Capital Management
40
Victory Capital Management
Texas
$1.87M +$484K +26,230 +44%
RCAMU
41
Rothschild & Co Asset Management US
Connecticut
$1.68M +$1.43M +77,428 New
Deutsche Bank
42
Deutsche Bank
Germany
$1.52M +$419K +22,718 +48%
Two Sigma Advisers
43
Two Sigma Advisers
New York
$1.41M +$23.5K +1,276 +2%
First Trust Advisors
44
First Trust Advisors
Illinois
$1.29M +$524K +28,407 +91%
D.E. Shaw & Co
45
D.E. Shaw & Co
New York
$1.25M +$289K +15,656 +37%
ADEF
46
Adams Diversified Equity Fund
Maryland
$1.22M +$1.04M +56,200 New
AQR Capital Management
47
AQR Capital Management
Connecticut
$1.19M -$497K -26,958 -33%
Los Angeles Capital Management
48
Los Angeles Capital Management
California
$1.12M – – –
PH
49
Pinnacle Holdings
Oklahoma
$1.12M -$3.12K -169 -0.3%
Charles Schwab
50
Charles Schwab
California
$1.09M – – –
1
2
3 4 5

IBCP Hedge Fund Activity: Q4 2016 in Review

108 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2016, worth a combined $369M — up 33% from $277M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new IBCP positions and 9 closed out — a net gain of 4 holders — while 50 added to existing stakes and 26 trimmed.

The largest buyer was BlackRock Institutional Trust, adding an estimated $3.41M. The largest seller was Clover Partners, cutting an estimated $5.58M.

  • 108 institutional investors held Independent Bank Corp (IBCP) as of Q4 2016, up from 105 in Q3 2016.
  • Funds reported $369M of Independent Bank Corp stock for Q4 2016, up 33% quarter-over-quarter.
  • 13 funds opened new Independent Bank Corp positions in Q4 2016 and 9 closed out, a net change of +4 holders.
  • The largest Independent Bank Corp buyer in Q4 2016 was BlackRock Institutional Trust, an estimated $3.41M added.
  • The largest Independent Bank Corp seller in Q4 2016 was Clover Partners, an estimated $5.58M sold.

Based on aggregated 13F filings for Q4 2016.