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Independent Bank Corp
IBCP

90 hedge funds and large institutions have $200M invested in Independent Bank Corp in 2014 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 26 increasing their positions, 27 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

5,675% more call options, than puts

Call options by funds: $231K | Put options by funds: $4K

425% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 4

23% more funds holding

Funds holding: 73 → 90 (+17)

12% more capital invested

Capital invested by funds: $179M → $200M (+$21.3M)

4% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 27

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
90
Holders Change
+17
Holders Change %
+23.29%
% of All Funds
2.6%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
26
Reduced
27
Closed
4
Calls
$231K
Puts
$4K
Net Calls
+$227K
Net Calls Change
+$79K

Top Buyers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.63M
2
EAM
Eagle Asset Management
Florida
+$5.15M
3
NC
Northpointe Capital
Michigan
+$4.46M
4
Morgan Stanley
Morgan Stanley
New York
+$1.65M
5
EPCA
Elizabeth Park Capital Advisors
Ohio
+$1.41M

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$9.12M
2
Ameriprise
Ameriprise
Minnesota
-$4.63M
3
MCM
Maltese Capital Management
New York
-$4.41M
4
FCM
FJ Capital Management
Virginia
-$1.21M
5
Renaissance Technologies
Renaissance Technologies
New York
-$963K
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
51
Northern Trust
Illinois
$556K +$2.59K +200 +0.5%
AQR Capital Management
52
AQR Capital Management
Connecticut
$543K +$193K +14,900 +55%
ACM
53
Ativo Capital Management
Illinois
$529K -$94.8K -7,308 -15%
SFM
54
Soros Fund Management
New York
$428K +$428K +33,000 New
Invesco
55
Invesco
Georgia
$411K -$167K -12,882 -29%
JP Morgan Chase
56
JP Morgan Chase
New York
$400K +$400K +30,839 New
Two Sigma Investments
57
Two Sigma Investments
New York
$388K -$95.9K -7,398 -20%
Citadel Advisors
58
Citadel Advisors
Florida
$368K +$367K +28,298 New
Bank of New York Mellon
59
Bank of New York Mellon
New York
$344K – – –
Millennium Management
60
Millennium Management
New York
$314K -$362K -27,947 -54%
NSAM
61
North Star Asset Management
Wisconsin
$301K -$15.2K -1,173 -5%
State Street
62
State Street
Massachusetts
$265K -$6.48K -500 -2%
Jane Street
63
Jane Street
New York
$262K +$262K +20,212 New
Tudor Investment Corp
64
Tudor Investment Corp
Connecticut
$260K – – –
GC
65
Guggenheim Capital
Illinois
$252K +$31K +2,389 +14%
BIG
66
Blackthorn Investment Group
Kansas
$227K +$227K +17,475 New
LP
67
LMR Partners
United Kingdom
$224K +$224K +17,242 New
Two Sigma Advisers
68
Two Sigma Advisers
New York
$190K +$191K +14,700 New
First Trust Advisors
69
First Trust Advisors
Illinois
$141K +$140K +10,834 New
Acadian Asset Management
70
Acadian Asset Management
Massachusetts
$136K – – –
Bank of Montreal
71
Bank of Montreal
Ontario, Canada
$123K -$713 -55 -0.6%
KBC Group
72
KBC Group
Belgium
$68K +$68.3K +5,271 New
BA
73
BlackRock Advisors
Delaware
$55K +$12.9K +996 +31%
Citigroup
74
Citigroup
New York
$51K +$26.4K +2,034 +106%
US Bancorp
75
US Bancorp
Minnesota
$32K +$18.9K +1,460 +143%
1 2
3
4

IBCP Hedge Fund Activity: Q1 2014 in Review

90 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2014, worth a combined $200M — up 12% from $179M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new IBCP positions and 4 closed out — a net gain of 17 holders — while 26 added to existing stakes and 27 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $6.63M. The largest seller was Basswood Capital Management, cutting an estimated $9.12M.

  • 90 institutional investors held Independent Bank Corp (IBCP) as of Q1 2014, up from 73 in Q4 2013.
  • Funds reported $200M of Independent Bank Corp stock for Q1 2014, up 12% quarter-over-quarter.
  • 21 funds opened new Independent Bank Corp positions in Q1 2014 and 4 closed out, a net change of +17 holders.
  • The largest Independent Bank Corp buyer in Q1 2014 was Wellington Management Group, an estimated $6.63M added.
  • The largest Independent Bank Corp seller in Q1 2014 was Basswood Capital Management, an estimated $9.12M sold.

Based on aggregated 13F filings for Q1 2014.