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Independent Bank Corp
IBCP

126 hedge funds and large institutions have $388M invested in Independent Bank Corp in 2017 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 11

27% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 37

11% more funds holding

Funds holding: 114 → 126 (+12)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.36% less ownership

Funds ownership: 81.69% → 81.33% (-0.36%)

2% less capital invested

Capital invested by funds: $395M → $388M (-$7.02M)

Holders
126
Holders Change
+12
Holders Change %
+10.53%
% of All Funds
2.86%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
23
Increased
47
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$6.01M
2
Morgan Stanley
Morgan Stanley
New York
+$4.85M
3
BlackRock
BlackRock
New York
+$3.6M
4
BCM
Basswood Capital Management
New York
+$3.05M
5
MCM
Maltese Capital Management
New York
+$2.45M

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$17M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$10.7M
3
CP
Clover Partners
Texas
-$7.5M
4
NFA
Nationwide Fund Advisors
Ohio
-$2.24M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$1.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
26
Fidelity Investments
Massachusetts
$4.48M -$10.7M -476,564 -70%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$4.42M +$476K +21,154 +12%
CP
28
Clover Partners
Texas
$4.41M -$7.5M -333,380 -63%
Invesco
29
Invesco
Georgia
$4.38M +$559K +24,832 +14%
Deutsche Bank
30
Deutsche Bank
Germany
$4.28M +$2.06M +91,612 +92%
Wells Fargo
31
Wells Fargo
California
$3.88M +$1.01M +44,790 +35%
Wellington Management Group
32
Wellington Management Group
Massachusetts
$3.42M -$401K -17,830 -10%
Bank of New York Mellon
33
Bank of New York Mellon
New York
$2.86M -$472K -20,966 -14%
SCA
34
Stieven Capital Advisors
Missouri
$2.85M -$6.75K -300 -0.2%
Thrivent Financial for Lutherans
35
Thrivent Financial for Lutherans
Minnesota
$2.41M +$315 +14 +0%
WCM
36
Wedge Capital Management
North Carolina
$1.88M -$13.8K -613 -0.7%
Victory Capital Management
37
Victory Capital Management
Texas
$1.79M +$103K +4,586 +6%
CEP
38
Chicago Equity Partners
Illinois
$1.77M -$8.44K -375 -0.5%
Two Sigma Investments
39
Two Sigma Investments
New York
$1.71M +$607K +26,966 +54%
MAM
40
Martingale Asset Management
Massachusetts
$1.67M -$972K -43,200 -37%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$1.49M -$495K -21,987 -25%
Bank of America
42
Bank of America
North Carolina
$1.49M +$261K +11,590 +21%
Two Sigma Advisers
43
Two Sigma Advisers
New York
$1.42M -$40.5K -1,800 -3%
Goldman Sachs
44
Goldman Sachs
New York
$1.37M +$582K +25,861 +73%
PPA
45
Parametric Portfolio Associates
Washington
$1.34M +$504K +22,386 +60%
D.E. Shaw & Co
46
D.E. Shaw & Co
New York
$1.31M +$183K +8,158 +16%
TCIM
47
TIAA CREF Investment Management
New York
$1.13M -$98.7K -4,389 -8%
PH
48
Pinnacle Holdings
Oklahoma
$1.12M +$22 +1 +0%
EMFAT
49
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.12M – – –
TMAM
50
Tokio Marine Asset Management
Japan
$1.08M +$506K +22,500 +87%
1
2
3 4 5

IBCP Hedge Fund Activity: Q4 2017 in Review

126 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2017, worth a combined $388M — down 1.8% from $395M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IBCP positions and 11 closed out — a net gain of 12 holders — while 47 added to existing stakes and 37 trimmed.

The largest buyer was Millennium Management, adding an estimated $6.01M. The largest seller was EJF Capital, exiting entirely with an estimated $17M sold.

  • 126 institutional investors held Independent Bank Corp (IBCP) as of Q4 2017, up from 114 in Q3 2017.
  • Funds reported $388M of Independent Bank Corp stock for Q4 2017, down 1.8% quarter-over-quarter.
  • 23 funds opened new Independent Bank Corp positions in Q4 2017 and 11 closed out, a net change of +12 holders.
  • The largest Independent Bank Corp buyer in Q4 2017 was Millennium Management, an estimated $6.01M added.
  • The largest Independent Bank Corp seller in Q4 2017 was EJF Capital, an estimated $17M sold.

Based on aggregated 13F filings for Q4 2017.