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Independent Bank Corp
IBCP

97 hedge funds and large institutions have $240M invested in Independent Bank Corp in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 24 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 10

54% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 24

7% more funds holding

Funds holding: 91 → 97 (+6)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

9% less capital invested

Capital invested by funds: $262M → $240M (-$22.5M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $4K

Holders
97
Holders Change
+6
Holders Change %
+6.59%
% of All Funds
2.58%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
16
Increased
37
Reduced
24
Closed
10
Calls
–
Puts
$4K
Net Calls
-$4K
Net Calls Change
-$86K

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$2.58M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$1.09M
3
RFC
Russell Frank Company
Washington
+$1.03M
4
Morgan Stanley
Morgan Stanley
New York
+$862K
5
CP
Clover Partners
Texas
+$853K

Top Sellers

Rank Fund Capital Flow
1
EPCA
Elizabeth Park Capital Advisors
Ohio
-$6.42M
2
SCA
Stieven Capital Advisors
Missouri
-$4.99M
3
Ameriprise
Ameriprise
Minnesota
-$4.11M
4
CCM
Castine Capital Management
Massachusetts
-$3.59M
5
ECA
Endeavour Capital Advisors
Connecticut
-$3.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
LSV Asset Management
51
LSV Asset Management
Illinois
$513K -$83.1K -5,700 -14%
RhumbLine Advisers
52
RhumbLine Advisers
Massachusetts
$504K +$47.2K +3,235 +10%
Charles Schwab
53
Charles Schwab
California
$496K – – –
Wellington Management Group
54
Wellington Management Group
Massachusetts
$493K – – –
First Trust Advisors
55
First Trust Advisors
Illinois
$488K -$88.1K -6,042 -15%
TA
56
Teachers Advisors
New York
$471K – – –
MC
57
Menta Capital
California
$466K +$71.5K +4,900 +18%
New York State Common Retirement Fund
58
New York State Common Retirement Fund
New York
$383K – – –
OSAM
59
O'Shaughnessy Asset Management
Connecticut
$346K +$20.9K +1,432 +6%
Goldman Sachs
60
Goldman Sachs
New York
$339K +$109K +7,441 +47%
DTL
61
Dynamic Technology Lab
Singapore
$303K +$304K +20,815 New
Susquehanna International Group
62
Susquehanna International Group
Pennsylvania
$298K +$299K +20,500 New
Citigroup
63
Citigroup
New York
$265K +$148K +10,120 +126%
MLICM
64
Metropolitan Life Insurance Company (MetLife)
New York
$242K – – –
VOYA Investment Management
65
VOYA Investment Management
Georgia
$234K – – –
DC
66
Deere & Company
Illinois
$229K +$229K +15,728 New
Deutsche Bank
67
Deutsche Bank
Germany
$228K +$8.93K +612 +4%
AIG
68
American International Group
New York
$196K – – –
PPA
69
Parametric Portfolio Associates
Washington
$186K +$186K +12,766 New
BA
70
BlackRock Advisors
Delaware
$167K +$6.56K +450 +4%
SO
71
STRS Ohio
Ohio
$165K – – –
CS
72
Credit Suisse
Switzerland
$153K +$153K +10,476 New
KBC Group
73
KBC Group
Belgium
$141K +$75.9K +5,208 +116%
SG Americas Securities
74
SG Americas Securities
New York
$134K +$642 +44 +0.5%
BGIM
75
Brandywine Global Investment Management
Pennsylvania
$103K -$16K -1,100 -14%
1 2
3
4 5

IBCP Hedge Fund Activity: Q1 2016 in Review

97 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2016, worth a combined $240M — down 8.6% from $262M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new IBCP positions and 10 closed out — a net gain of 6 holders — while 37 added to existing stakes and 24 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $2.58M. The largest seller was Elizabeth Park Capital Advisors, exiting entirely with an estimated $6.42M sold.

  • 97 institutional investors held Independent Bank Corp (IBCP) as of Q1 2016, up from 91 in Q4 2015.
  • Funds reported $240M of Independent Bank Corp stock for Q1 2016, down 8.6% quarter-over-quarter.
  • 16 funds opened new Independent Bank Corp positions in Q1 2016 and 10 closed out, a net change of +6 holders.
  • The largest Independent Bank Corp buyer in Q1 2016 was Millennium Management, an estimated $2.58M added.
  • The largest Independent Bank Corp seller in Q1 2016 was Elizabeth Park Capital Advisors, an estimated $6.42M sold.

Based on aggregated 13F filings for Q1 2016.