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Independent Bank Corp
IBCP

149 hedge funds and large institutions have $591M invested in Independent Bank Corp in 2024 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 52 increasing their positions, 47 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 15

26% more capital invested

Capital invested by funds: $468M → $591M (+$123M)

11% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 47

6% more funds holding

Funds holding: 141 → 149 (+8)

1.87% more ownership

Funds ownership: 82.94% → 84.81% (+1.9%)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
149
Holders Change
+8
Holders Change %
+5.67%
% of All Funds
2.14%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
23
Increased
52
Reduced
47
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Boston Partners
Boston Partners
Massachusetts
+$7.78M
2
ProShare Advisors
ProShare Advisors
Maryland
+$7.02M
3
N
Nuveen
North Carolina
+$4.38M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$4.09M
5
Charles Schwab
Charles Schwab
California
+$3.67M

Top Sellers

Rank Fund Capital Flow
1
FCM
FJ Capital Management
Virginia
-$13.1M
2
ACM
Ategra Capital Management
Virginia
-$9.97M
3
BlackRock
BlackRock
New York
-$4.07M
4
MCM
Maltese Capital Management
New York
-$2.46M
5
JP Morgan Chase
JP Morgan Chase
New York
-$2.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$6.49M -$385K -12,022 -6%
Morgan Stanley
27
Morgan Stanley
New York
$5.73M +$231K +7,222 +4%
Charles Schwab
28
Charles Schwab
California
$5.71M +$3.67M +114,487 +202%
AQR Capital Management
29
AQR Capital Management
Connecticut
$5.38M -$404K -12,602 -7%
BCM
30
Bridgeway Capital Management
Texas
$5.07M -$814K -25,414 -14%
Ameriprise
31
Ameriprise
Minnesota
$4.79M +$87.5K +2,732 +2%
Federated Hermes
32
Federated Hermes
Pennsylvania
$4.13M +$11.1K +345 +0.3%
Bank of America
33
Bank of America
North Carolina
$3.54M +$1.71M +53,233 +101%
SEI Investments
34
SEI Investments
Pennsylvania
$3.16M +$2.5M +78,016 +469%
Assenagon Asset Management
35
Assenagon Asset Management
Luxembourg
$3.14M -$720K -22,465 -19%
Jacobs Levy Equity Management
36
Jacobs Levy Equity Management
New Jersey
$3.02M -$27.9K -870 -1%
First Trust Advisors
37
First Trust Advisors
Illinois
$2.87M +$640K +19,971 +30%
Barclays
38
Barclays
United Kingdom
$2.75M +$728K +22,728 +38%
EF
39
Empowered Funds
Pennsylvania
$2.64M -$334K -10,414 -12%
Teacher Retirement System of Texas
40
Teacher Retirement System of Texas
Texas
$2.18M +$1.45M +45,361 +227%
T. Rowe Price Associates
41
T. Rowe Price Associates
Maryland
$2.12M +$299K +9,339 +17%
MCM
42
Maltese Capital Management
New York
$2M -$2.46M -76,900 -56%
MAM
43
Martingale Asset Management
Massachusetts
$1.93M -$469K -14,644 -20%
ASN
44
Advisory Services Network
Georgia
$1.92M – – –
UBS AM
45
UBS AM
Illinois
$1.86M -$18.7K -584 -1%
TI
46
Trexquant Investment
Connecticut
$1.85M +$575K +17,951 +48%
Thrivent Financial for Lutherans
47
Thrivent Financial for Lutherans
Minnesota
$1.77M -$299K -9,321 -15%
ACM
48
Ategra Capital Management
Virginia
$1.69M -$9.97M -311,284 -86%
Axa
49
Axa
France
$1.67M +$54.5K +1,700 +4%
Invesco
50
Invesco
Georgia
$1.64M -$439K -13,716 -22%
1
2
3 4 5

IBCP Hedge Fund Activity: Q3 2024 in Review

149 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2024, worth a combined $591M — up 26% from $468M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IBCP positions and 15 closed out — a net gain of 8 holders — while 52 added to existing stakes and 47 trimmed.

The largest buyer was Boston Partners, adding an estimated $7.78M. The largest seller was FJ Capital Management, cutting an estimated $13.1M.

  • 149 institutional investors held Independent Bank Corp (IBCP) as of Q3 2024, up from 141 in Q2 2024.
  • Funds reported $591M of Independent Bank Corp stock for Q3 2024, up 26% quarter-over-quarter.
  • 23 funds opened new Independent Bank Corp positions in Q3 2024 and 15 closed out, a net change of +8 holders.
  • The largest Independent Bank Corp buyer in Q3 2024 was Boston Partners, an estimated $7.78M added.
  • The largest Independent Bank Corp seller in Q3 2024 was FJ Capital Management, an estimated $13.1M sold.

Based on aggregated 13F filings for Q3 2024.