Independent Bank Corp
IBCP
68 hedge funds and large institutions have $133M invested in Independent Bank Corp in 2013 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 16 increasing their positions, 4 reducing their positions, and 2 closing their positions.
2,050% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 2
1,296% more call options, than puts
Call options by funds: $377K | Put options by funds: $27K
1,244% more capital invested
Capital invested by funds: $9.89M → $133M (+$123M)
300% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 4
152% more funds holding
Funds holding: 27 → 68 (+41)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$14.7M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$10.2M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
+$8.65M |
| 4 |
BCM
Basswood Capital Management
New York
|
+$7.73M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$7.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Natixis
Paris,
France
|
-$120K |
| 2 |
LPL Financial
San Diego,
California
|
-$63K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$23.3K |
| 4 |
Citigroup
New York
|
-$6.76K |
| 5 |
NSAM
North Star Asset Management
Neenah,
Wisconsin
|
-$4.93K |
IBCP Hedge Fund Activity: Q3 2013 in Review
68 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2013, worth a combined $133M — up 1,244% from $9.89M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new IBCP positions and 2 closed out — a net gain of 41 holders — while 16 added to existing stakes and 4 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $14.7M. The largest seller was Natixis, exiting entirely with an estimated $120K sold.
- 68 institutional investors held Independent Bank Corp (IBCP) as of Q3 2013, up from 27 in Q2 2013.
- Funds reported $133M of Independent Bank Corp stock for Q3 2013, up 1,244% quarter-over-quarter.
- 43 funds opened new Independent Bank Corp positions in Q3 2013 and 2 closed out, a net change of +41 holders.
- The largest Independent Bank Corp buyer in Q3 2013 was Wellington Management Group, an estimated $14.7M added.
- The largest Independent Bank Corp seller in Q3 2013 was Natixis, an estimated $120K sold.
Based on aggregated 13F filings for Q3 2013.