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Independent Bank Corp
IBCP

112 hedge funds and large institutions have $355M invested in Independent Bank Corp in 2017 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 36 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

4% more funds holding

Funds holding: 108 → 112 (+4)

6% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 36

0.36% more ownership

Funds ownership: 80.09% → 80.45% (+0.36%)

4% less capital invested

Capital invested by funds: $369M → $355M (-$14.2M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
112
Holders Change
+4
Holders Change %
+3.7%
% of All Funds
2.79%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
17
Increased
38
Reduced
36
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$33.1M
2
LSV Asset Management
LSV Asset Management
Illinois
+$2.32M
3
NI
Numeric Investors
Massachusetts
+$2.01M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.24M
5
GCP
GSA Capital Partners
United Kingdom
+$1.02M

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$3.16M
2
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.76M
3
MCM
Maltese Capital Management
New York
-$1.91M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.04M
5
BCM
Bridgeway Capital Management
Texas
-$621K
Name Holding Trade Value Shares
Change 		Change in
Stake
KCM
26
Kennedy Capital Management
Missouri
$3.9M -$46.8K -2,215 -1%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$3.52M +$188K +8,892 +6%
Boston Partners
28
Boston Partners
Massachusetts
$2.93M -$180K -8,500 -6%
Millennium Management
29
Millennium Management
New York
$2.91M +$231K +10,954 +8%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$2.86M +$85.3K +4,037 +3%
SCA
31
Stieven Capital Advisors
Missouri
$2.66M -$23.2K -1,100 -0.8%
Wells Fargo
32
Wells Fargo
California
$2.17M -$94.1K -4,454 -4%
MAM
33
Martingale Asset Management
Massachusetts
$2.07M +$10.6K +500 +0.5%
RCAMU
34
Rothschild & Co Asset Management US
Connecticut
$1.94M +$340K +16,068 +21%
TCIM
35
TIAA CREF Investment Management
New York
$1.93M +$34.7K +1,641 +2%
WCM
36
Wedge Capital Management
North Carolina
$1.87M -$225K -10,661 -11%
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$1.72M -$609K -28,800 -26%
CEP
38
Chicago Equity Partners
Illinois
$1.67M -$179K -8,470 -10%
Victory Capital Management
39
Victory Capital Management
Texas
$1.49M -$300K -14,180 -16%
Two Sigma Advisers
40
Two Sigma Advisers
New York
$1.36M +$9.21K +436 +0.7%
Thrivent Financial for Lutherans
41
Thrivent Financial for Lutherans
Minnesota
$1.21M +$1.24M +58,490 New
D.E. Shaw & Co
42
D.E. Shaw & Co
New York
$1.2M +$10.5K +495 +0.9%
Deutsche Bank
43
Deutsche Bank
Germany
$1.2M -$256K -12,121 -17%
ADEF
44
Adams Diversified Equity Fund
Maryland
$1.2M +$33.8K +1,600 +3%
First Trust Advisors
45
First Trust Advisors
Illinois
$1.17M -$62.7K -2,969 -5%
Bank of America
46
Bank of America
North Carolina
$1.17M +$397K +18,777 +50%
Two Sigma Investments
47
Two Sigma Investments
New York
$1.13M +$189K +8,956 +20%
Acadian Asset Management
48
Acadian Asset Management
Massachusetts
$1.11M +$312K +14,761 +38%
NFA
49
Nationwide Fund Advisors
Ohio
$1.09M +$283K +13,410 +34%
Los Angeles Capital Management
50
Los Angeles Capital Management
California
$1.07M – – –
1
2
3 4 5

IBCP Hedge Fund Activity: Q1 2017 in Review

112 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2017, worth a combined $355M — down 3.8% from $369M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new IBCP positions and 7 closed out — a net gain of 10 holders — while 38 added to existing stakes and 36 trimmed.

The largest buyer was BlackRock, adding an estimated $33.1M. The largest seller was Basswood Capital Management, cutting an estimated $3.16M.

  • 112 institutional investors held Independent Bank Corp (IBCP) as of Q1 2017, up from 108 in Q4 2016.
  • Funds reported $355M of Independent Bank Corp stock for Q1 2017, down 3.8% quarter-over-quarter.
  • 17 funds opened new Independent Bank Corp positions in Q1 2017 and 7 closed out, a net change of +10 holders.
  • The largest Independent Bank Corp buyer in Q1 2017 was BlackRock, an estimated $33.1M added.
  • The largest Independent Bank Corp seller in Q1 2017 was Basswood Capital Management, an estimated $3.16M sold.

Based on aggregated 13F filings for Q1 2017.