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Independent Bank Corp

140 hedge funds and large institutions have $478M invested in Independent Bank Corp in 2018 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 33 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

73% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 33

22% more capital invested

Capital invested by funds: $393M → $478M (+$85.4M)

9% more funds holding

Funds holding: 128140 (+12)

2.73% less ownership

Funds ownership: 80.56%77.83% (-2.7%)

Holders
140
Holders Change
+12
Holders Change %
+9.38%
% of All Funds
3.21%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
22
Increased
57
Reduced
33
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
26
Invesco
Georgia
$5.92M +$1.08M +43,249 +23%
SCA
27
Stieven Capital Advisors
Missouri
$5.88M +$2.59M +104,320 +83%
Geode Capital Management
28
Geode Capital Management
Massachusetts
$5.62M +$875K +35,202 +19%
Morgan Stanley
29
Morgan Stanley
New York
$4.14M -$1.16M -46,730 -22%
Thrivent Financial for Lutherans
30
Thrivent Financial for Lutherans
Minnesota
$3.73M +$441K +17,724 +14%
CP
31
Clover Partners
Texas
$3.52M -$474K -19,055 -12%
American Century Companies
32
American Century Companies
Missouri
$3.44M +$816K +32,824 +32%
MAM
33
Martingale Asset Management
Massachusetts
$3.43M +$2.02M +81,356 +153%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$3.38M -$34K -1,367 -1%
Two Sigma Investments
35
Two Sigma Investments
New York
$3.21M +$2.45M +98,502 +359%
D.E. Shaw & Co
36
D.E. Shaw & Co
New York
$2.93M +$1.33M +53,387 +87%
TCIM
37
TIAA CREF Investment Management
New York
$2.92M +$1.5M +60,124 +110%
Wellington Management Group
38
Wellington Management Group
Massachusetts
$2.73M
Fidelity Investments
39
Fidelity Investments
Massachusetts
$2.3M -$1.26M -50,745 -36%
Two Sigma Advisers
40
Two Sigma Advisers
New York
$2.22M +$1.42M +57,300 +193%
Citadel Advisors
41
Citadel Advisors
Florida
$2.16M +$892K +35,859 +73%
WCM
42
Wedge Capital Management
North Carolina
$2.1M
PPA
43
Parametric Portfolio Associates
Washington
$2.04M -$58.8K -2,363 -3%
Victory Capital Management
44
Victory Capital Management
Texas
$1.99M
BPM
45
Bowling Portfolio Management
Ohio
$1.9M +$1.85M +74,449 New
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$1.72M +$785K +31,546 +88%
AG
47
Algert Global
California
$1.71M -$153K -6,150 -8%
Bank of America
48
Bank of America
North Carolina
$1.71M -$113K -4,524 -6%
Prudential Financial
49
Prudential Financial
New Jersey
$1.7M +$323K +13,005 +24%
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$1.63M -$250K -10,052 -14%

IBCP Hedge Fund Activity: Q2 2018 in Review

140 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2018, worth a combined $478M — up 22% from $393M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new IBCP positions and 9 closed out — a net gain of 13 holders — while 57 added to existing stakes and 33 trimmed.

The largest buyer was State Street, adding an estimated $7.44M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $15.2M sold.

  • 140 institutional investors held Independent Bank Corp (IBCP) as of Q2 2018, up from 128 in Q1 2018.
  • Funds reported $478M of Independent Bank Corp stock for Q2 2018, up 22% quarter-over-quarter.
  • 22 funds opened new Independent Bank Corp positions in Q2 2018 and 9 closed out, a net change of +13 holders.
  • The largest Independent Bank Corp buyer in Q2 2018 was State Street, an estimated $7.44M added.
  • The largest Independent Bank Corp seller in Q2 2018 was Basswood Capital Management, an estimated $15.2M sold.

Based on aggregated 13F filings for Q2 2018.