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Independent Bank Corp

128 hedge funds and large institutions have $300M invested in Independent Bank Corp in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more call options, than puts

Call options by funds: $30K | Put options by funds: $18K

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

6% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 50

2% less funds holding

Funds holding: 130128 (-2)

2.72% less ownership

Funds ownership: 82.66%79.95% (-2.7%)

24% less capital invested

Capital invested by funds: $396M → $300M (-$96.2M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
2.04%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
47
Reduced
50
Closed
13
Calls
$30K
Puts
$18K
Net Calls
+$12K
Net Calls Change
-$57K
Name Holding Trade Value Shares
Change
Change in
Stake
AQR Capital Management
26
AQR Capital Management
Connecticut
$2.83M -$741K -34,266 -18%
BCM
27
Bridgeway Capital Management
Texas
$2.67M -$73.9K -3,420 -2%
SCP
28
Seizert Capital Partners
Michigan
$2.65M -$550K -25,436 -15%
Morgan Stanley
29
Morgan Stanley
New York
$2.31M -$1.47M -67,965 -34%
HIM
30
Hillsdale Investment Management
Ontario, Canada
$2.27M -$1.32M -61,300 -32%
Federated Hermes
31
Federated Hermes
Pennsylvania
$2.2M +$285K +13,170 +12%
Arrowstreet Capital
32
Arrowstreet Capital
Massachusetts
$2.18M +$1.17M +54,264 +80%
Assenagon Asset Management
33
Assenagon Asset Management
Luxembourg
$2.05M -$329K -15,237 -12%
Jacobs Levy Equity Management
34
Jacobs Levy Equity Management
New Jersey
$1.74M -$26.9K -1,246 -1%
Bank of America
35
Bank of America
North Carolina
$1.73M -$2.6M -120,087 -55%
Barclays
36
Barclays
United Kingdom
$1.6M +$233K +10,786 +14%
Two Sigma Advisers
37
Two Sigma Advisers
New York
$1.43M +$329K +15,200 +23%
Two Sigma Investments
38
Two Sigma Investments
New York
$1.39M +$312K +14,427 +23%
Thrivent Financial for Lutherans
39
Thrivent Financial for Lutherans
Minnesota
$1.38M -$3.01M -139,301 -64%
First Trust Advisors
40
First Trust Advisors
Illinois
$1.18M -$51.6K -2,389 -3%
Russell Investments Group
41
Russell Investments Group
United Kingdom
$1.14M -$444K -20,546 -24%
GC
42
Globeflex Capital
California
$1.08M
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$1.07M -$154K -7,103 -11%
PAM
44
Panagora Asset Management
Massachusetts
$1.01M -$485K -22,432 -28%
Charles Schwab
45
Charles Schwab
California
$979K +$13.9K +642 +1%
T. Rowe Price Associates
46
T. Rowe Price Associates
Maryland
$887K -$1.08K -50 -0.1%
Victory Capital Management
47
Victory Capital Management
Texas
$844K -$32.4K -1,500 -3%
Los Angeles Capital Management
48
Los Angeles Capital Management
California
$835K -$37.2K -1,721 -4%
Invesco
49
Invesco
Georgia
$827K -$4.65M -215,300 -82%
Swiss National Bank
50
Swiss National Bank
Switzerland
$809K -$115K -5,300 -10%

IBCP Hedge Fund Activity: Q1 2023 in Review

128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2023, worth a combined $300M — down 24% from $396M a quarter earlier.

Fund positioning in IBCP was balanced in Q1 2023: 13 funds opened new positions, 13 closed out, 47 added to existing stakes and 50 trimmed.

The largest buyer was State Street, adding an estimated $2.03M. The largest seller was Invesco, cutting an estimated $4.65M.

  • 128 institutional investors held Independent Bank Corp (IBCP) as of Q1 2023, down from 130 in Q4 2022.
  • Funds reported $300M of Independent Bank Corp stock for Q1 2023, down 24% quarter-over-quarter.
  • 13 funds opened new Independent Bank Corp positions in Q1 2023 and 13 closed out, a net change of 0 holders.
  • The largest Independent Bank Corp buyer in Q1 2023 was State Street, an estimated $2.03M added.
  • The largest Independent Bank Corp seller in Q1 2023 was Invesco, an estimated $4.65M sold.

Based on aggregated 13F filings for Q1 2023.